Cheaper 2014 MINI Cooper Paceman Insurance Cost

Trying to find low-cost insurance for a MINI Cooper Paceman can be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates.

There are more efficient ways to compare auto insurance rates and you need to know the quickest way to compare rates for your MINI and get the cheapest rates from both online companies and local agents.

It’s important to get comparison quotes periodically because prices change quite often. Just because you found the lowest rates for Cooper Paceman coverage a year ago you can probably find a better premium rate now. Forget anything you know (or think you know) about auto insurance because it’s time to teach you the proper way to properly buy coverages and cut your premium.

The best way to compare insurance rates from multiple companies is to understand all the major auto insurance companies participate in online systems to compare their rates. To start a quote, the only thing you need to do is take a few minutes to give details such as the make and model of your vehicles, daily mileage, if you’re married, and whether you have decent credit. That information gets sent immediately to many highly-rated insurers and they respond with quotes with very little delay.

To compare multiple company rates now, click here and complete the form.

Beware of misleading insurance coverage ads

Consumers can’t get away from all the ads that promise big savings for switching by Allstate, Geico and Progressive. They all make the point that you can save just by moving your insurance coverage coverage to their company.

How is it possible that every company can make almost identical claims? Here is the trick they use.

Insurance coverage companies have a certain “appetite” for the type of driver that will add to their bottom line. An example of a preferred risk could possibly be over the age of 45, has had continuous coverage, and insures a new vehicle. Someone who fits those characteristics will get the preferred prices and have a good chance to pay quite a bit less when switching companies.

Insureds who don’t meet those standards will see a more expensive rate and the customer not purchasing. If you listen closely, the ads state “people who switch” but not “everyone who gets a quote” save that much when switching. That is how insurance companies can confidently lure you into getting a quote.

This illustrates why you really should do a rate comparison at every renewal. It’s impossible to know the company that will fit you best based on your risk profile.

How insurance providers calculate MINI Cooper Paceman insurance costs

It’s important that you understand the rating factors that come into play when calculating your policy premiums. When you know what positively or negatively determines premiums, this allows you to make good choices that can help you get better insurance coverage rates. Many different elements are considered when premium rates are determined. Most are fairly basic such as your driving record, but other criteria are less obvious such as whether you are married or your vehicle rating.

Listed below are some of the major factors used by your company to calculate premiums.

  • Liability is peace of mind – Your policy’s liability coverage will protect you if ever a court rules you are at fault for personal injury or accident damage. It provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Discounts for auto and home policies – Many insurance companies will award a discount to people that buy multiple policies in the form of a multi-policy discount. Even though this discount sounds good, you still need to compare other insurance prices to verify if the discount is saving money.
  • Consider raising coverage deductibles – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your MINI. A few examples of covered claims are a dented fender, hitting a deer, and burglary. Comprehensive and collision coverage deductibles tell how much you are required to spend in the event of a claim. The more the insured is willing to pay, the lower your rates will be for Cooper Paceman coverage.
  • Additional coverages that may be costing you – There are a ton of add-on coverages that you can buy if you aren’t diligent. Coverage for things like rental car reimbursement, high-cost glass coverage, and term life insurance are examples of these. These may sound like a good investment when buying your policy, but if you’ve never needed them in the past remove them and pocket the money.
  • Miles driven impacts prices – The more miles you rack up on your MINI every year the higher your rate. Most companies price each vehicle’s coverage based on how the vehicle is used. Autos that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. An improperly rated Cooper Paceman may be costing you. Make sure your insurance coverage policy is showing the correct usage for each vehicle.
  • Rates increase with driving citations – Careful drivers pay lower auto insurance prices than their less careful counterparts. Having just one moving violation may increase your cost by as much as thirty percent. Drivers who get flagrant violations such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 to the state department of motor vehicles in order to legally drive.
  • Deter theft and save money – Choosing a vehicle that has a built-in theft deterrent system can save you a little every year. Advanced theft deterrents such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop your car from being stolen.
  • Getting married equates to better rates – Being married can get you a discount on your policy. It is viewed as being more financially stable and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Get cheaper rates with these auto insurance discounts

Some insurance providers do not advertise every discount they offer in a way that’s easy to find, so here is a list both well-publicized and the more hidden discounts that you may qualify for.

  • Federal Government Employee – Active or retired federal employment can save as much as 8% for Cooper Paceman coverage with some auto insurance companies.
  • Air Bags and Passive Restraints – Cars that have air bags or automatic seat belts can receive discounts of up to 25% or more.
  • No Accidents – Good drivers with no accidents are rewarded with significantly better rates on insurance quote when compared with policyholders that have many claims.
  • Telematics Discount – Insureds that choose to allow data collection to study when and where they use their vehicle by using a small device installed in their vehicle like Allstate’s Drivewise might see lower rates if they have good driving habits.
  • Anti-lock Brakes – Cars and trucks with anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and qualify for as much as a 10% discount.
  • Discount for Life Insurance – Select companies reward you with lower prices if you buy life insurance.
  • Active Military Service – Being on active duty in the military could qualify you for better prices.

Consumers should know that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky. But all discounts will definitely reduce your policy cost.

A list of auto insurance companies and a selection of discounts are outlined below.

  • State Farm has savings for passive restraint, good driver, Steer Clear safe driver discount, accident-free, multiple autos, student away at school, and defensive driving training.
  • American Family offers discounts including TimeAway discount, early bird, good student, defensive driver, Steer into Savings, and accident-free.
  • Geico may have discounts that include federal employee, multi-policy, anti-theft, air bags, multi-vehicle, defensive driver, and five-year accident-free.
  • 21st Century offers discounts for driver training, teen driver, homeowners, 55 and older, air bags, good student, and early bird.
  • Progressive discounts include continuous coverage, online signing, multi-vehicle, good student, and multi-policy.

Before purchasing a policy, check with all the companies how you can save money. Some credits might not be offered on policies in your area. To choose providers who offer cheap auto insurance quotes, click here to view.

Auto insurance can get complicated

When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Each situation is unique.

These are some specific questions may help highlight if your insurance needs might need an agent’s assistance.

  • When should I drop full coverage on my 2014 MINI Cooper Paceman?
  • How can I get high-risk coverage after a DUI?
  • Am I covered if I break a side mirror?
  • Do I have coverage when making deliveries for my home business?
  • Is there coverage for injuries to my pets?
  • How much underlying liability do I need for an umbrella policy?
  • Do I need added coverage for expensive stereo equipment?
  • Does my medical payments coverage pay my health insurance deductible?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can help protect your family.

Auto insurance policy coverages for a MINI Cooper Paceman

Knowing the specifics of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like doctor visits, rehabilitation expenses, hospital visits, ambulance fees and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision – Collision insurance covers damage to your Cooper Paceman caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Liability insurance – This provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as structural damage, funeral expenses, legal defense fees, bail bonds and medical expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your 2014 MINI Cooper Paceman.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive protection – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like theft, rock chips in glass, damage from a tornado or hurricane and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Have the Midas touch

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. Too many times, an insured cut comprehensive coverage or liability limits only to discover later they didn’t purchase enough coverage. Your objective should be to buy enough coverage at the best price, but do not skimp to save money.

Drivers who switch companies do it for any number of reasons including high rates after DUI convictions, extreme rates for teen drivers, being labeled a high risk driver or even unfair underwriting practices. It doesn’t matter why you want to switch finding a great new company is pretty easy and you might even save some money in the process.

In this article, we covered a lot of information how to shop for 2014 MINI Cooper Paceman insurance online. The key concept to understand is the more price quotes you have, the higher your chance of finding low cost insurance. Consumers may even find the lowest priced car insurance comes from some of the lesser-known companies.

Additional information is located at these links:

Comments About 2014 MINI Cooper Paceman Insurance

  1. Jenee Odom

    Does 21st Century offer good discounts?

  2. Joya Leblanc

    Where is cheaper car insurance? I live in Charlotte, NC. Went online for free insurance quotes for a 2014 MINI Cooper Paceman. Ended up at about $510 savings annually. Went with Allstate. Left Western Auto Insurance to switch. I even had a DUI years ago.

  3. Lisabeth Mcgee

    Here’s my info. Located in New York City, New York. I got free prices from AIG Insurance, Sentry, and a few others for my 2014 MINI Cooper Paceman and I’m now saving $52 a month. Left Encompass to switch. Ask about discounts.

  4. Antonia Slater

    I got quite a few price quotes for a 2014 MINI Cooper Paceman in Rapid City, SD. Ended up at about $110 every six months with AAA. Left MetLife to switch. Even increased coverage a bit.

  5. Holley Conner

    I live on the east side of Miami, Florida. Quoted with GEICO, AAA, and Esurance for my Cooper Paceman and saved around $580 a year.

  6. Carlee Cobb

    From Dover, DE. Quoted quotes from Hartford, AIG Insurance, Safeco, and a couple others for my Cooper Paceman and saved around $270 a year. Was with Liberty Mutual. I used their online quote form to compare rates.

  7. Delpha Holman

    Is Progressive or Allstate cheaper in Kailua, HI?

  8. Tommie Dickerson

    I got decent rates for a 2014 MINI Cooper Paceman in Anchorage, AK. Ended up at about $540 every six months with Auto-Owners. Insured with Erie before. Are quotes cheaper online?

  9. Maxine Hendrix

    Compared auto insurance prices with State Farm and GEICO but still not cheap enough.

  10. Gertrud Mcgowan

    It all costs too much. From a town just southwest of Fort Wayne, Indiana. Received rates from Allstate, Eastwood, and Hanover for my MINI and I think I am saving around $30 each month. Left Liberty Mutual to switch. I recommend comparing lots of rates.

  11. Tran Rhodes

    I was with The General last year but switched to State Farm. I live east of Louisville, Kentucky. Moved home policy as well.

  12. Kallie Snyder

    Corporate greed I’m telling you. Found cheapest coverage with MetLife for my MINI and am saving around $350 a year. Was with Erie. It’s easy to compare rates online now.

  13. Velia Watkins

    I live just outside Bismarck, ND. Got quotes with GEICO, AIG Insurance, Encompass, and Liberty Mutual for my Cooper Paceman and I’m now saving $56 a month. They have free quotes online.

  14. Christia Dawson

    Located in Great Falls, Montana. Got free quotes online for a 2014 MINI Cooper Paceman. Ended up at about $570 savings annually. Went with Allstate. Even increased coverage a bit. I quoted rates online then called them.

  15. Alona Knapp

    Will Progressive cancel me if I have an accident?