Compare Mini Cooper Insurance Rate Quotes in Minneapolis

It takes a little time, but the best way to get more affordable auto insurance rates is to start comparing rates regularly from companies who can sell car insurance in Minneapolis. Rate comparisons can be done by following these steps.

First, learn about car insurance and the steps you can take to prevent high rates. Many rating criteria that increase rates like accidents, traffic violations, and poor credit rating can be eliminated by being financially responsible and driving safely. This article gives more information to get affordable coverage and find more discounts that you may not know about.

Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can quote prices for a wide range of companies. Select a company

Third, compare the price quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and switch companies, make sure coverage is continuous and does not lapse.

Fourth, tell your current agent or company to cancel your current policy. Submit the completed application along with a down payment to your new carrier. As soon as you receive it, store the certificate verifying proof of insurance in your glove compartment.

An important note is to use the same physical damage deductibles and liability limits on each quote and and to analyze all possible companies. Doing this guarantees an accurate price comparison and a thorough price selection.

Insurance for Mini CooperUnbelievable but true, the vast majority of drivers have been with the same company for at least four years, and just short of a majority have never compared rates from other carriers. Most drivers in America could save up to $850 a year just by shopping around, but they feel it’s too difficult to go online and compare rates.

If you have insurance now or just want to reduce your rates, use these money-saving tips to shop for the lowest rates and still get good coverage. Locating the most cost-effective auto insurance policy in Minneapolis is really quite easy. Comparison shoppers only need an understanding of how to shop from multiple carriers.

Take policy discounts and save on Mini Cooper insurance in Minneapolis

Some companies don’t necessarily list all discounts in an easy-to-find place, so we break down a few of the more common and the more hidden credits available to you. If you don’t get every credit you deserve, you are not getting the best rate possible.

As a footnote on discounts, most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates adding up those discounts means a free policy, it’s just not the way it works. Any qualifying discounts will reduce the cost of coverage.

The chart below shows the difference between Mini Cooper insurance prices with and without discounts applied to the rates. The premiums assume a male driver, no driving violations, no at-fault accidents, Minnesota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, multi-policy, and homeowner discounts applied.

Larger car insurance companies and the discounts they provide can be found below.

If you need lower rates, check with all the companies to apply every possible discount. Some discounts might not apply in Minneapolis. If you would like to see a list of insurers that offer discounts in Minneapolis, follow this link.

The quickest way to compare car insurance rates for Mini Cooper insurance in Minneapolis utilizes the fact car insurance companies participate in a system to compare their rates. The one thing you need to do is provide information including what you do for a living, whether your vehicle is owned or leased, types of safety features, and whether or not you need a SR-22. Those rating factors is instantly provided to insurance companies and you receive quotes almost instantly.

To find the cheapest Mini Cooper insurance rates, click here and see if a lower rate is available in Minneapolis.

The auto insurance companies shown below have been selected to offer quotes in Minneapolis, MN. If you want cheap auto insurance in Minneapolis, we recommend you visit two to three different companies to get the lowest price.

Data for Mini Cooper insurance

The premium information displayed below covers estimates of insurance premium costs for Mini Cooper models. Learning more about how insurance prices are calculated can help guide drivers when making smart buying decisions.

Mini Cooper Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $148 $298 $326 $20 $98 $890 $74
Cooper 2-Dr Convertible $148 $298 $254 $14 $76 $790 $66
Cooper S 2-Dr Hatchback $148 $352 $326 $20 $98 $944 $79
Cooper S 2-Dr Convertible $168 $352 $254 $14 $76 $864 $72
Cooper John Cooper Works 2-Dr Hatchback $168 $352 $326 $20 $98 $964 $80
Cooper John Cooper Works 2-Dr Convertible $186 $406 $254 $14 $76 $936 $78
Get Your Own Custom Quote Go

Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in Minneapolis location which can modify coverage rates significantly.

Where to set your deductibles

One frequently asked question is the level to set your comp and collision deductibles. The premium rates below can help illustrate the rate difference between high and low coverage deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Mini Cooper insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $246 $414 $270 $16 $80 $1,051 $88
Cooper 2-Dr Convertible $246 $414 $210 $12 $62 $969 $81
Cooper S 2-Dr Hatchback $246 $486 $270 $16 $80 $1,123 $94
Cooper S 2-Dr Convertible $276 $486 $210 $12 $62 $1,071 $89
Cooper John Cooper Works 2-Dr Hatchback $276 $486 $270 $16 $80 $1,153 $96
Cooper John Cooper Works 2-Dr Convertible $308 $560 $210 $12 $62 $1,177 $98
Get Your Own Custom Quote Go

Mini Cooper insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $152 $260 $270 $16 $80 $778 $65
Cooper 2-Dr Convertible $152 $260 $210 $12 $62 $696 $58
Cooper S 2-Dr Hatchback $152 $306 $270 $16 $80 $824 $69
Cooper S 2-Dr Convertible $170 $306 $210 $12 $62 $760 $63
Cooper John Cooper Works 2-Dr Hatchback $170 $306 $270 $16 $80 $842 $70
Cooper John Cooper Works 2-Dr Convertible $190 $352 $210 $12 $62 $826 $69
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price information does not factor in vehicle garaging location which can lower or raise prices substantially.

We can estimate from the data above that using a $250 deductible costs roughly $25 more each month or $300 annually than quoting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 30 months between claim filings, you would save money if you choose a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $91
Average monthly premium for $1,000 deductibles (subtract): – $66
Monthly savings from raising deductible: $25
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

An important sidenote is that higher deductibles means you will have to pay more out-of-pocket at claim time. You need to have some funds available in order to pay the deductible.

Cost of full coverage

The illustration below illustrates the difference between Mini Cooper insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are factored in.

Deciding between full coverage and liability only

There isn’t a steadfast formula for eliminating physical damage coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Mini Cooper claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying your deductible. If premium cost is more than $700 a year for full coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Informed Consumers Can Lower Insurance Rates

The best way to find cheaper auto insurance is to take a look at some of the factors that aid in calculating your auto insurance rates. If you understand what impacts premium levels, this allows you to make good choices that will entitle you to lower rates.

The items below are some of the major factors that factor into your prices.

Which is the best insurance?

Always remember that when buying coverage for your vehicles, there really is no single plan that fits everyone. Each situation is unique and your policy should reflect that. These are some specific questions may help highlight if your situation would benefit from professional advice.

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Insurance agents can give valuable advice

A small number of people would prefer to get professional advice from a licensed agent and that is a smart decision Good insurance agents are trained to spot inefficiencies and help submit paperwork. A good thing about comparing rates online is the fact that you can find cheaper rates but also keep your business local. Putting coverage with neighborhood insurance agencies is definitely important in Minneapolis.

By using this quick form, your information is sent to agents in your area who want to provide quotes for your insurance coverage. You won’t need to search for an agent since price quotes are sent to the email address you provide. In the event you want to quote rates for a specific company, don’t hesitate to visit that company’s website and complete a quote there.

If you are wanting to find a good Minneapolis insurance agent, it’s important to understand the different types of agents and how they can quote your rates. Minneapolis agents are classified as either independent agents or exclusive agents depending on their employer. Either can sell insurance policies, but it’s worth mentioning how they differ since it can affect the kind of agent you use.

Independent Insurance Agents

Agents in the independent channel are appointed with more than one company and that enables them to quote your coverage through lots of different companies and potentially find a lower price. If you want to switch companies, your agent can just switch to a different company and you don’t have to do anything.

When comparing rates, we highly recommend that you compare quotes from independent agents so that you can do a thorough price comparison.

Listed below is a short list of independent insurance agencies in Minneapolis that may be able to give you cheap rate quotes.

True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior BlvdSt Louis Park, MN 55416(952) 388-2006View Map

333 N Washington AveMinneapolis, MN 55401(612) 460-7796View Map

Bernie Glover Insurance Agency
2520 Lowry Ave NMinneapolis, MN 55411(612) 522-6531View Map

View more Minneapolis agents

Exclusive Insurance Agencies

These type of agents can only provide pricing for a single company and examples are Allstate and State Farm. Exclusive agencies are unable to provide other company’s prices so always compare other rates. They are very knowledgeable in insurance sales and that allows them to sell at a higher price point.

Listed below are Minneapolis exclusive insurance agencies that can give you price quotes.

331 E Lake StMinneapolis, MN 55408(612) 353-6667View Map

6001 Portland AveMinneapolis, MN 55417(612) 869-7760View Map

701 4th Ave S #220Minneapolis, MN 55415(612) 338-6400View Map

View more Minneapolis agents

Finding the right car insurance agent should depend on more than just the quoted price. The questions below may impact your decision as well.

After talking to the agent and getting answers to your satisfaction to your questions and a good coverage price, it’s possible that you found an insurance agency that meets your needs to service your policy.

Best reasons to buy auto insurance in Minnesota

Despite the high insurance cost for a Mini Cooper in Minneapolis, insurance is mandatory in Minnesota but it also protects more than you think.

The benefits of insuring your car more than offset the price you pay, especially with large liability claims. Despite what companies tell you, the average driver is currently overpaying as much as $820 a year so smart consumers compare quotes every year to help ensure money is not being wasted.

Final considerations

Low-cost Mini Cooper insurance in Minneapolis can be found from both online companies and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers may not have online quoting and most of the time these smaller providers only sell through local independent agencies.

We just presented some good ideas how you can get a better price on Mini Cooper insurance in Minneapolis. It’s most important to understand that the more times you quote, the better chance you’ll have of finding cheaper Minneapolis auto insurance quotes. Consumers could even find that the best price on car insurance is with a company that doesn’t do a lot of advertising. Regional companies may have significantly lower premium rates on certain market segments than their larger competitors like Allstate or State Farm.

As you quote Minneapolis auto insurance, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where an insured dropped full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to find the BEST coverage at an affordable rate while still protecting your assets.

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