When looking for lower-priced insurance, do you get confused by the dozens of auto insurance companies that you can choose from? Many other drivers are too. Consumers have so many options that it can be a burden to find better prices for Mini Cooper insurance in Denver. Everyone knows that Denver is a good city to live in, but high auto insurance prices can make it nearly impossible to stay on budget.
Unimaginable but true, about 70% of customers renewed their policy with the same company for over three years, and nearly half have never compared quotes from other companies. Colorado insurance shoppers can save approximately 35% each year by just shopping around, but they underestimate the rate savings if they switch to a new company.
Consumers should take time to get comparison quotes yearly because auto insurance rates fluctuate regularly. If you had the best deal on Mini Cooper insurance in Denver two years ago you may be paying too much now. Block out anything you think you know about auto insurance because you’re about to learn how to quote online to buy cheaper Mini Cooper insurance in Denver.
Cut your insurance rates with discounts
Car insurance can cost a lot, but there could be significant discounts to help offset the cost. Many of these discounts will be applied automatically at the time you complete a quote, but some discounts are required to be asked about before being credited.
- Professional Memberships – Affiliation with qualifying employment or professional organizations may earn a discount on insurance.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but some companies like GEICO and Allstate will allow you to have one accident without getting socked with a rate hike if you are claim-free for a certain period of time.
- Sign Online – Some of the larger companies will give you a small discount just for signing your application on their website.
- Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
- New Car Discount – Buying insurance coverage on a new vehicle can get you a discount because new vehicles are generally safer.
- Discount for Good Grades – A discount for being a good student may save you up to 25%. You can use this discount normally up until you turn 25.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you could save 5% or more.
- Fewer Miles Equal More Savings – Driving less can earn lower premium rates on the low mileage vehicles.
As a sidenote, most discounts do not apply to the entire cost. Most only apply to the price of certain insurance coverages like comp or med pay. So even though you would think adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The best insurance companies and some of the discounts include:
- State Farm may have discounts that include accident-free, anti-theft, good student, student away at school, Steer Clear safe driver discount, and safe vehicle.
- Nationwide has discounts for accident-free, easy pay, business or organization, defensive driving, multi-policy, and family plan.
- GEICO has savings for federal employee, daytime running lights, seat belt use, emergency military deployment, air bags, and military active duty.
- AAA may offer discounts for anti-theft, good driver, good student, multi-policy, pay-in-full, AAA membership discount, and multi-car.
- 21st Century includes discounts for teen driver, early bird, 55 and older, homeowners, driver training, good student, and student driver.
- The Hartford offers discounts including anti-theft, vehicle fuel type, defensive driver, good student, driver training, and air bag.
It’s a good idea to ask every company which discounts you qualify for. Some credits may not apply to policies in your state.
When shopping for the cheapest Mini Cooper rate quotes, there are a couple of ways to compare prices from car insurance companies in your area. The best way to do a complete rate comparison is simply to get online rate quotes. Just keep in mind that comparing all the rates in your area increases the chance that you will find a lower rate.
The companies shown below are our best choices to provide free quotes in Denver, CO. If more than one company is shown, it’s a good idea that you visit two to three different companies in order to find the most competitive rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $190 | $362 | $338 | $20 | $102 | $1,012 | $84 |
| Cooper 2-Dr Convertible | $186 | $354 | $312 | $18 | $94 | $964 | $80 |
| Cooper S 2-Dr Hatchback | $260 | $630 | $314 | $18 | $94 | $1,316 | $110 |
| Cooper S 2-Dr Convertible | $162 | $332 | $244 | $14 | $72 | $824 | $69 |
| Cooper John Cooper Works 2-Dr Hatchback | $298 | $528 | $304 | $18 | $92 | $1,240 | $103 |
| Cooper John Cooper Works 2-Dr Convertible | $380 | $740 | $232 | $14 | $70 | $1,436 | $120 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in specific zip code location which can affect prices noticeably.
Insurance rate increases from tickets or accidents
The diagram below demonstrates how citations and at-fault collisions increase Mini Cooper auto insurance costs for different ages of insureds. The data assumes a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
How You Can Control Mini Cooper Insurance Prices
An important part of buying insurance is that you know some of the things that come into play when calculating the price you pay for auto insurance. If you understand what impacts premium levels, this empowers consumers to make smart changes that may result in lower auto insurance prices. Multiple criteria are used in the calculation when premium rates are determined. Some of the criteria are obvious such as your driving history, although some other factors are less obvious like your vehicle usage or how safe your car is.
- Qualify for multi-policy discounts – Most major companies provide discounts to people who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. Drivers may still save money by buying insurance from more than one company.
- How do annual miles impact prices? – The higher the miles on your Mini each year the more you’ll pay to insure your vehicle. Many insurance companies price each vehicle’s coverage based upon how much you drive. Cars and trucks that do not get driven very much cost less to insure than cars that get driven a lot. A policy that improperly rates your Cooper may be costing you. Ask your agent if your auto insurance coverage correctly shows the correct driver usage, because improper ratings can cost you money.
- Your vocation and auto insurance rates – Did you know your job can affect your rates? Jobs such as military personnel, airline pilots, and medical professionals tend to pay higher rates than average due to stressful work requirements and long work days. Conversely, careers like professors, engineers and performers generally pay rates lower than average.
- Responsible drivers have lower rates – A bad driving record can have a huge impact on auto insurance premiums. Attentive drivers get better prices than bad drivers. Having a single citation can increase the cost of insurance by as much as twenty percent. Drivers who have gotten license-revoking tickets such as DUI, reckless driving or excessive speeding may find that they have to to submit a SR-22 form to the state department of motor vehicles in order to continue driving.
- Mini Cooper insurance loss probability – Insurance companies analyze claim trends for every vehicle when setting premium costs. Models that are shown to have higher prevalence or dollar amount of losses will cost more to insure. The next table illustrates the loss history for Mini Cooper vehicles.
For each policy coverage, the claim amount for all vehicles, without regard to make or model, is set at 100. Numbers that are below 100 are indicative of better than average losses, while percentage numbers above 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.
Mini Cooper Insurance Claim Statistics
Make and 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to get professional advice
When quoting and choosing your policy for your vehicles, there really is no “perfect” insurance plan. Every situation is different.
Here are some questions about coverages that may help you determine if you might need professional guidance.
- Will damage be repaired with OEM parts?
- Is there coverage for my trailer?
- What is glass protection for?
- How high should my medical payments coverage be?
- Am I covered when pulling a rental trailer?
- Do I benefit by insuring my home with the same company?
- If my car is totalled with they pay enough to replace it?
- What states are considered no-fault?
- How much liability coverage do I need in Colorado?
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.
Insurance agents near you
Some consumers just prefer to sit down with an agent and that can be a great decision A good thing about comparing rate quotes online is the fact that you can find cheap car insurance rates but also keep your business local.
After completing this short form, your coverage information is instantly submitted to insurance agents in Denver who will give you bids for your coverage. It makes it easy because there is no need to do any legwork since rate quotes are delivered immediately to your email address. You can find lower rates and an insurance agent to talk to. If you have a need to quote rates from a particular provider, you would need to visit that company’s website and give them your coverage information.
Deciding on an insurance company needs to be determined by more than just the quoted price. These are some questions your agent should answer.
- Do you work with a CSR or direct with the agent?
- Are they giving you every discount you deserve?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Is every driver in your family covered?
- What are their preferred companies if they are an independent agency?
- Does the agency have a positive business rating?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do they carry Errors and Omissions coverage?
Pick the best auto insurance agent in Denver for you
When searching for a reliable insurance agency, it’s helpful to know the types of agencies and how they differ in how they can insure your vehicles. Car insurance agents are considered either independent (non-exclusive) or exclusive.
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide pricing for a single company such as Allstate, Farmers Insurance or State Farm. They usually cannot shop your coverage around so you need to shop around if the rates are high. Exclusive agents are well trained on what they offer and that can be a competitive advantage. Consumers often buy from exclusive agents mainly due to the prominent brand name rather than having the cheapest rates.
Below are exclusive agencies in Denver that are able to give price quote information.
- American Family Insurance – Matthew Ditzenberger
1485 S Colorado Blvd #300c – Denver, CO 80222 – (303) 756-8038 – View Map - State Farm: Charles Insurance Agency
1165 S Broadway #114 – Denver, CO 80210 – (303) 777-7161 – View Map - State Farm: Sid Priday
2955 Inca St #1b – Denver, CO 80202 – (303) 825-7909 – View Map
Independent Agents
Agents that choose to be independent do not work for one specific company so they can write business amongst many companies and find you cheaper rates. If your agent finds better pricing, they can switch companies in-house and you won’t have to switch agencies. When comparing rates, you will want to get rate quotes from at least one independent agent for the best price selection. Many write coverage with additional companies that you may not be familiar with which may have better rates.
The following is a short list of independent insurance agents in Denver who can help you get rate quotes.
- Sorhage and James Insurance
1660 S Albion St # 1005 – Denver, CO 80222 – (303) 759-4551 – View Map - L A Insurance
2684 S Broadway – Denver, CO 80210 – (303) 282-8000 – View Map - Insurance Town and Country
1735 E 17th Ave #3 – Denver, CO 80218 – (303) 388-7216 – View Map
Three reasons insurance is important
Despite the high insurance cost for a Mini Cooper in Denver, insuring your vehicle is a good idea for several reasons.
- Almost all states have minimum liability requirements which means state laws require a specific level of liability insurance in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you took out a loan on your Mini, almost every bank will make it a condition of the loan that you buy full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Mini at an extremely high rate and force you to pay for the much more expensive policy.
- Insurance preserves not only your Mini but also your financial assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, your insurance policy will pay to repair the damage.
The benefits of carrying adequate insurance are definitely more than the cost, particularly for liability claims. The average driver in Colorado is wasting up to $825 a year so it’s important to compare rates at every policy renewal to be sure current rates are still competitive.
Quote. Compare. Save.
As you shop your coverage around, make sure you don’t buy poor coverage just to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at the best price, but don’t skip important coverages to save money.
We’ve covered a lot of tips how to get a better price on Mini Cooper insurance in Denver. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the biggest savings come from a small mutual company.
Cheaper Mini Cooper insurance in Denver can be sourced on the web as well as from independent agents in Denver, and you should compare price quotes from both to have the best rate selection. A few companies don’t offer online rate quotes and many times these smaller providers provide coverage only through local independent agencies.
To learn more, feel free to browse the following helpful articles:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Homeowners in Denver? (FAQ)
- Who Has Cheap Denver Car Insurance Quotes for Used Cars? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Drivers Over Age 50 in Denver? (FAQ)
- Insurance Losses by Make and Model (iihs.org)
- Teen Driver Statistics (Insurance Information Institute)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)