The best way we recommend to quote cheaper Mini Cooper insurance in Tampa is to compare quotes once a year from companies who can sell car insurance in Florida. You can compare prices by following these steps.
First, spend a few minutes and learn about auto insurance and the things you can change to keep rates low. Many rating criteria that cause high rates such as at-fault accidents, speeding tickets, and bad credit can be improved by improving your driving habits or financial responsibility.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can quote prices for a wide range of insurance providers.
Third, compare the new rates to your current policy premium to see if a cheaper price is available. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
Fourth, tell your current company of your intention to cancel the current policy and submit payment and a completed application to the new company. As soon as you can, safely store the proof of insurance paperwork somewhere easily accessible.
An important part of this process is to compare the same liability limits and deductibles on each price quote and and to get rate quotes from as many companies as feasibly possible. This enables a fair rate comparison and maximum price selection.
We don’t have to tell you that car insurance companies don’t want their policyholders to compare prices. People who shop for lower rates are highly likely to move their business because of the high probability of finding a lower-cost company. Surprisingly, a recent survey revealed that consumers who routinely compared rates saved as much as $865 annually compared to people who never shopped around for better prices.
If finding discount rates on auto insurance in Tampa is your objective, then having an understanding of the best ways to shop for insurance can make it easier for you to save money.
Companies offering low-cost Mini Cooper rates in Tampa, FL
The companies in the list below can provide price comparisons in Tampa, FL. If you want cheaper auto insurance in FL, we suggest you visit several of them to get a more complete price comparison.
Data for Mini Cooper insurance
The premium table shown next showcases different prices for Mini Cooper models. Having a good understanding how rates are established can help customers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $172 | $352 | $400 | $24 | $120 | $1,068 | $89 |
| Cooper 2-Dr Convertible | $172 | $352 | $312 | $18 | $94 | $948 | $79 |
| Cooper S 2-Dr Hatchback | $172 | $414 | $400 | $24 | $120 | $1,130 | $94 |
| Cooper S 2-Dr Convertible | $194 | $414 | $312 | $18 | $94 | $1,032 | $86 |
| Cooper John Cooper Works 2-Dr Hatchback | $194 | $414 | $400 | $24 | $120 | $1,152 | $96 |
| Cooper John Cooper Works 2-Dr Convertible | $216 | $478 | $312 | $18 | $94 | $1,118 | $93 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Table data does not factor in vehicle garaging location which can modify premium rates considerably.
Mini Cooper insurance premiums by gender and age
The example below compares Mini Cooper yearly insurance costs for male and female drivers. The price estimates are based on no violations or claims, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Rate difference between full and liability-only coverage
The illustration below illustrates the comparison of Mini Cooper insurance prices when comparing full coverage to liability only. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are factored in.
Should you be buying full coverage?
There is no exact rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s pretend your Mini Cooper claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying your deductible. If you are paying over $400 a year for full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
How do Car Insurance Companies Determine Mini Cooper Insurance Premiums?
When buying insurance it’s important to understand some of the things that go into determining your premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that may result in lower insurance prices.
Performance makes a difference – The performance of the car you drive makes a significant difference in your car insurance bill. Lower performance four cylinder passenger models generally have the cheapest insurance rates, but that’s not the only thing that factors into the final price.
The chart below uses these assumptions: married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. The data compares Mini Cooper policy rates compared to other makes and models that have a range of risk factors.
High credit means lower prices – A driver’s credit score is a large factor in determining what you pay for insurance. Insureds with good credit tend to file fewer claims than drivers with poor credit. If your credit score leaves room for improvement, you may save money insuring your Mini Cooper by improving your credit score.
Location can affect price – Having an address in less populated areas of the country is a good thing when talking about insurance. Lower population means a lower chance of having an accident. Urban drivers have congested traffic and higher rates of accident claims. More time commuting means higher likelihood of an accident.
Discounts for married drivers – Your spouse can get you a discount compared to being single. Having a spouse is viewed as being more financially stable and it’s statistically proven that being married results in fewer claims.
Safer cars cost less to insure – Cars with five star safety ratings tend to have better insurance rates. The safest vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company which can result in lower premiums. If the Mini Cooper scored at minimum four stars on Safercar.gov it is probably cheaper to insure.
Drive less and get lower premiums – Driving more miles in a year’s time the more you will pay for insurance. The majority of insurers calculate prices based upon how much you drive. Autos not used for work or commuting receive lower rates than those used for commuting. Double check that your insurance policy is showing the right rating data. A policy that improperly rates your Cooper may be wasting your money.
Mini Cooper historical loss data – Insurers factor in historical loss data to help set a rate to offset losses. Models that the data determines to have higher number or severity of losses will have a higher cost to insure. The table below illustrates the historical insurance loss data for Mini Cooper vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers shown that are under 100 imply a favorable loss record, while numbers above 100 show a trend for more claims or an increased chance of larger losses than average.
| Specific Mini Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Mini Cooper | 92 | 72 | 114 | 74 | 74 | 85 |
| Mini Cooper Convertible | 80 | 72 | 100 | 57 | ||
| Mini Cooper Coupe | 72 | 60 | ||||
| Mini Cooper Roadster Convertible | 57 | 50 | 78 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Discounts can help lower premiums on Mini Cooper insurance in Tampa
Car insurance can cost a lot, but there are discounts available that could help you make your next renewal payment. A few discounts will be applied at quote time, but once in a while a discount must be manually applied before they will apply. If they aren’t giving you every credit you deserve, you are not getting the best rate possible.
- Theft Deterrent System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will qualify for a discount on a Tampa auto insurance quote.
- Low Mileage Discounts – Maintaining low annual mileage could qualify for slightly better premium rates than normal.
- Government Employees – Employees or retirees of the government may qualify for a discount when you quote Tampa auto insurance depending on your insurance provider.
- First Accident Forgiveness – Not necessarily a discount, but some companies like GEICO, Allstate and Liberty Mutual may permit one accident before raising your premiums if you are claim-free prior to being involved in the accident.
- Student Discounts – Excelling in school can earn a discount of 20% or more. Most companies allow this discount until age 25.
- Save over 55 – Seniors may receive reduced rates.
- Military Rewards – Having a family member in the military could trigger a small discount.
- Auto/Life Discount – Some insurance carriers give a break if you buy a life policy as well.
- Student Discount for Driver Training – It’s a good idea to have your young drivers successfully take a driver’s education course as it can save substantially.
- Paper-free Discount – A few larger companies may give you up to $50 for signing up online.
As a sidenote, some credits don’t apply to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, you aren’t that lucky.
The example below shows the comparison of Mini Cooper auto insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no claims or driving citations, Florida 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 homeowner, multi-car, marriage, multi-policy, claim-free, and safe-driver discounts applied.
Larger insurance companies and some of their more popular discounts are:
- GEICO may have discounts that include defensive driver, anti-theft, emergency military deployment, military active duty, multi-vehicle, and daytime running lights.
- Travelers offers discounts for good student, multi-policy, driver training, home ownership, early quote, payment discounts, and IntelliDrive.
- Farm Bureau includes discounts for good student, youthful driver, multi-vehicle, safe driver, renewal discount, 55 and retired, and driver training.
- Liberty Mutual policyholders can earn discounts including preferred payment discount, hybrid vehicle, new move discount, good student, and multi-policy.
- American Family may offer discounts for air bags, TimeAway discount, good driver, Steer into Savings, and good student.
- Progressive may include discounts for online signing, multi-policy, multi-vehicle, good student, and homeowner.
Before buying, ask all the companies which credits you are entitled to. Some of the earlier mentioned discounts might not apply in your area. To locate insurance companies that can offer you the previously mentioned discounts in Florida, click here.
Auto insurance is available from local insurance agents
A lot of people just prefer to talk to a local agent and doing so can bring peace of mind Most agents can point out coverage gaps and will help you if you have claims. A nice benefit of comparing rates online is that you can obtain lower rates and still choose a local agent. And supporting local insurance agents is still important in Tampa.
After filling out this quick form, your insurance coverage information is instantly submitted to agents in your area who will give competitive quotes for your insurance coverage. You don’t have to contact any insurance agencies since price quotes are sent to the email address you provide. If you need to compare rates for a specific company, just jump over to their website and submit a quote form there.
Below are Tampa auto insurance companies that are able to give comparison quotes for Mini Cooper insurance in Tampa.
- American Family Agencies
8501 N Florida Ave – Tampa, FL 33604 – (813) 930-0400 – View Map - Joyce Coleman – State Farm Insurance Agent
8221 Parkedge Dr – Tampa, FL 33637 – (813) 975-1866 – View Map - Colucci Insurance
1441 E Fletcher Ave – Tampa, FL 33612 – (813) 972-1947 – View Map - Varcas Insurance Agency LLC
1721 W Hillsborough Ave – Tampa, FL 33603 – (813) 319-1940 – View Map
Finding the right insurer is decision based upon more than just a cheap price quote. Get answers to these questions too.
- Is there any savings for paying the full premium?
- Are aftermarket or OEM parts used to repair vehicles?
- What insurance companies do they recommend if they are an independent agent?
- Does the agent recommend any additional coverage?
- When do they do a full risk review?
- How will an accident affect your rates?
- Is assistance available after office hours?
One last thing about your coverage
Low-cost Mini Cooper insurance in Tampa is possible on the web as well as from insurance agents, and you should compare price quotes from both to have the best selection. Some auto insurance companies may not have the ability to get a quote online and usually these smaller companies only sell through local independent agencies.
Throughout this article, we presented a lot of techniques to lower your Mini Cooper insurance rates in Tampa. The key concept to understand is the more rate quotes you have, the better likelihood of getting affordable Tampa auto insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from an unexpected company.
Consumers who switch companies do it for a variety of reasons including being labeled a high risk driver, poor customer service, delays in responding to claim requests and even an unsatisfactory settlement offer. Regardless of your reason, choosing a new insurance company can be easier than you think.
Additional detailed information can be read in these articles:
- Rental Car Insurance Tips (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Hybrid Vehicles in Tampa? (FAQ)
- Who Has Cheap Auto Insurance Quotes for State Employees in Tampa? (FAQ)
- Parking Tips to Reduce Door Dings (State Farm)
- Child Safety FAQ (iihs.org)