Cheap Mini Cooper Insurance in Lubbock

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Discount Mini Cooper insuranceHow long has it been since you compared lower-priced Mini Cooper insurance in Lubbock? Have you had enough of trying to scrape together enough money to pay your car insurance bill each month? You are no different than most other drivers in Texas.

Unbelievably, most car insurance policyholders have been with the same company for well over three years, and approximately 38% of consumers have never compared quotes from other companies. The average driver in Texas could save approximately $1,770 each year by just comparing rate quotes, but they feel it's too difficult to go online and compare rates.

Steps to buying cheaper Mini Cooper insurance in Lubbock

To save the most money, the best way to get budget Mini Cooper insurance is to make a habit of comparing prices annually from providers in Lubbock.

  • Step 1: Get a basic knowledge of how companies price auto insurance and the steps you can take to prevent high rates. Many policy risk factors that result in higher prices like traffic violations and a poor credit score can be amended by paying attention to minor details. This article gives more information to get better rates and find additional discounts.
  • Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from multiple companies.
  • Step 3: Compare the new rate quotes to your current policy and determine if cheaper Cooper coverage is available in Lubbock. If you can save money and buy the policy, make sure coverage does not lapse between policies.
  • Step 4: Give proper notification to your current agent or company of your intent to cancel your current coverage. Submit payment and a signed application to your new carrier. As soon as you receive it, place the new certificate verifying proof of insurance in an accessible location in your vehicle.

One bit of advice is to compare similar limits and deductibles on every quote request and to quote with as many different companies as possible. Doing this guarantees an apples-to-apples comparison and a good representation of prices.

Insurance companies such as GEICO, 21st Century and Progressive increase brand awareness with fancy advertisements and it can be hard to sift through the bull and do the work needed to find the best deal.

The providers in the list below are ready to provide free quotes in Lubbock, TX. In order to find cheaper car insurance in TX, we suggest you get price quotes from several of them to get the most affordable price.

Insurance policy discounts for Mini Cooper insurance in Lubbock

Car insurance companies don't always advertise every discount they offer very well, so the list below details both the well known as well as some of the hidden discounts that you may qualify for.Discount insurance

  • Early Payment Discounts - By paying your entire bill at once rather than paying in monthly installments you may have a lower total premium amount.
  • No Claims - Lubbock drivers who stay claim-free can save substantially in comparison to frequent claim filers.
  • Driver's Ed - Cut your cost by having your teen driver successfully complete driver's ed class in high school.
  • Discounts for Federal Employees - Being employed by or retired from a federal job can earn a discount up to 10% with some insurance companies.
  • Defensive Driver - Passing a course teaching defensive driving skills may get you a small discount and also improve your driving technique.
  • Low Miles Discount - Keeping the miles down on your Mini may enable drivers to earn substantially lower insurance rates.
  • Professional Memberships - Participating in qualifying clubs or civic groups could trigger savings on your policy.
  • Lubbock Homeowners Pay Less - Being a homeowner can earn you a little savings because owning a home means you have a higher level of financial diligence.

Just know that most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, it's just not the way it works. But any discount will cut your premiums.

The diagram below compares Mini Cooper car insurance costs with and without some available policy discounts. The premiums are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, claim-free, safe-driver, and multi-car discounts applied.

A list of insurance companies and some of the discounts are outlined below.

  • GEICO has discounts for defensive driver, membership and employees, military active duty, daytime running lights, anti-theft, and air bags.
  • MetLife may include discounts for claim-free, defensive driver, multi-policy, good driver, and accident-free.
  • State Farm discounts include safe vehicle, multiple policy, multiple autos, defensive driving training, and Drive Safe & Save.
  • Progressive policyholders can earn discounts including online signing, homeowner, good student, multi-policy, and online quote discount.
  • Mercury Insurance includes discounts for multi-policy, location of vehicle, good student, good driver, annual mileage, and anti-theft.
  • 21st Century may have discounts that include driver training, air bags, student driver, 55 and older, and automatic seat belts.
  • Allstate offers discounts for EZ pay plan discount, new car, senior citizen, defensive driver, eSmart discount, and good student.

Check with each company the best way to save money. Some of the discounts discussed earlier might not apply in your area. To find insurance companies who offer insurance discounts in Lubbock, click here to view.

Insurance analysis for a Mini Cooper

The data table below highlights a range of coverage costs for Mini Cooper models. Having a better understanding of how insurance prices are calculated is important for drivers to make smart choices when comparing insurance quotes.

Mini Cooper Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $202 $384 $438 $26 $130 $1,180 $98
Cooper 2-Dr Convertible $202 $384 $340 $20 $102 $1,048 $87
Cooper S 2-Dr Hatchback $202 $452 $438 $26 $130 $1,248 $104
Cooper S 2-Dr Convertible $228 $452 $340 $20 $102 $1,142 $95
Cooper John Cooper Works 2-Dr Hatchback $228 $452 $438 $26 $130 $1,274 $106
Cooper John Cooper Works 2-Dr Convertible $254 $520 $340 $20 $102 $1,236 $103
Get Your Own Custom Quote Go

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in garaging location in Lubbock which can affect rates greatly.

Insurance deductibles

One of the more difficult decisions when buying insurance is how high should the deductibles for physical damage be. The tables below can help show the costs and benefits when you select higher and lower insurance deductibles. The first set of rates uses a $100 deductible for physical damage and the second data table uses a $500 deductible.

Mini Cooper insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $328 $592 $324 $20 $96 $1,385 $115
Cooper 2-Dr Convertible $328 $592 $252 $14 $76 $1,287 $107
Cooper S 2-Dr Hatchback $328 $698 $324 $20 $96 $1,491 $124
Cooper S 2-Dr Convertible $370 $698 $252 $14 $76 $1,435 $120
Cooper John Cooper Works 2-Dr Hatchback $370 $698 $324 $20 $96 $1,533 $128
Cooper John Cooper Works 2-Dr Convertible $412 $804 $252 $14 $76 $1,583 $132
Get Your Own Custom Quote Go
Mini Cooper insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cooper 2-Dr Hatchback $240 $400 $324 $20 $96 $1,080 $90
Cooper 2-Dr Convertible $240 $400 $252 $14 $76 $982 $82
Cooper S 2-Dr Hatchback $240 $472 $324 $20 $96 $1,152 $96
Cooper S 2-Dr Convertible $270 $472 $252 $14 $76 $1,084 $90
Cooper John Cooper Works 2-Dr Hatchback $270 $472 $324 $20 $96 $1,182 $99
Cooper John Cooper Works 2-Dr Convertible $300 $542 $252 $14 $76 $1,184 $99
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Lubbock which can raise or lower premium rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $28 more each month or $336 for a full year than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 14 months between claims, you would most likely save money if you choose the higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): - $93
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One important note is that a higher deductible level results in having to pay to pay more out-of-pocket when you file a claim. You need to have some money saved in the event you need to pay more for the deductible.

How careless driving impacts insurance rates

The illustration below illustrates how speeding tickets and at-fault claims drive up Mini Cooper insurance premiums for different insured age categories. The premiums are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

Choices You Make Can Impact Your Insurance Rates

Smart consumers have a good feel for some of the factors that are used to determine the price you pay for auto insurance. If you have some idea of what impacts premium levels, this enables informed choices that may reward you with cheaper rates. Many things are used in the calculation when you get a price on insurance. Some factors are common sense such as your driving history, but some are not as apparent like where you live or your vehicle rating.

Good credit scores equal low premiums - Having a bad credit history factor in determining what you pay for auto insurance. Insureds that have excellent credit scores tend to be more responsible and file fewer claims than those with lower ratings. If your credit score can be improved, you could be paying less to insure your Mini Cooper by spending a little time repairing your credit.

Vehicles with better crash test results mean better premiums - Safe vehicles tend to have lower insurance rates. Safe vehicles protect occupants better and better occupant protection means less claims paid and more competitive rates for policyholders.

Save money with theft deterrents - Driving a car that has a built-in theft deterrent system can get you a discount on your auto insurance. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your car from being stolen.

Costs go up with performance - The performance level of the car or truck you need insurance for makes a huge difference in your car insurance bill. Smaller low performance passenger cars usually have the lowest rates, but other factors influence the final cost greatly.

The next chart uses these variables: married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It compares Mini Cooper insurance rates compared to other models of vehicles that have a range of performances.

Drive lots and pay more - Driving more miles in a year's time the more you'll pay to insure it. A lot of insurance companies charge rates based upon how much you drive. Cars and trucks that are left in the garage receive better premium rates than cars that get driven a lot. An incorrectly rated Cooper is just wasting money. Make sure your vehicle rating is showing how each vehicle is driven.

Stay claim-free and save - If you file a lot of claims you can look forward to higher rates. Car insurance companies in Texas provide most affordable rates to people who are claim-free. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.

Claims statistics for a Mini Cooper - Companies use past loss statistics for each vehicle when determining insurance prices. Models that tend to have higher claim frequency or loss amount will cost more for specific coverages.

The information below illustrates the insurance loss data for Mini Cooper vehicles. For each coverage type, the claim probability for all vehicles compiled together is set at 100. Values that are under 100 mean the vehicle has better than average losses, while values over 100 indicate more frequent claims or an increased chance of a larger loss.

Mini Cooper Insurance Loss Statistics
Vehicle 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years