Shopping for insurance Mini Cooper is your first task when you buy this high-end vehicle. Beginning its life as the Micro Car in 1957, the Mini Cooper was invented to address the UK oil crisis by the British Motor Corporation. Three years later, this iconic coupe received a new name in honor of race car designer John Cooper and new safety features to boot.
After an absence from the auto market in the 1970s and 1980s, the Mini got a resurrection from the Rover Group and sold to BMW in 1994. The new version of the Mini Cooper received a larger, more modern appearance with the introduction of a convertible option.
If you’re shopping for a Mini Cooper in the U.S., current options include the Mini, Mini S, and John Cooper Works Mini, all offered in both hardtop and convertible models according to Car Insurance 101. Review this guide when it’s time to buy insurance for Mini Cooper.
Average Mini Cooper Insurance Cost
According to auto insurance website The Zebra, the average Mini Cooper driver pays $106 per month or $1276 annually for auto insurance. The resource Cheap Car Insurance reports that drivers in Maine have the most affordable Mini Cooper insurance at an average of $73 per month. Georgia drivers pay the most, with an average premium cost of $226 a month for a policy on this sleek vehicle.
The website Quote Inspector reports that $751 per year is the best average price for a full coverage Mini Cooper policy. Drivers with a history of accident and tickets pay more than $2800 on average for annual coverage.
Factors in Mini Cooper Insurance Cost
Some of the variables that contribute to higher auto insurance premiums for the Mini Cooper include:
- Replacement Value: The relatively high replacement value of the vehicle, since insurance premiums increase with the cost of your car. Foreign and luxury cars like the Mini also tend to have higher repair costs, which in turn raises the cost of insurance.
- Model Year: Newer models typically have higher premiums. You’ll pay an average of $1064 for an annual insurance policy on a 2010 Mini Cooper compared to $1276 on a comparable 2016 model.
- Your Age: The average cost of a Mini Cooper policy is $1617 higher per year for a 20-year-old driver than it is for a 40-year-old driver because of the higher statistical risk of accidents among less experienced motorists.
- Geographic Location: Living in a city or more metropolitan area often leads to higher rates than in small towns and less populated areas. New York drivers pay about $778 more annually to insure a Mini Cooper than the cost for drivers in Seattle with the same make and model.
Some of the variables that contribute to lower auto insurance premiums for the Mini Cooper include:
- Antitheft Devices: Having antitheft devices installed on your vehicle can lower your cost.
- Enhanced Safety Features: The many safety features of this vehicle also help lower the cost. According to Car Insurance Comparison, 2020 Mini Cooper models are equipped with auto-leveling headlights, traction control, daytime running lights, electronic stability control, antilock disc brakes, and driver and passenger front and side airbags.
- Safety Rating: The safety rating lowers the cost of insurance by reducing the chances that your policy will have to pay out an injury claim. The Mini Cooper has a four-star overall crash test rating from the National Highway and Traffic Safety Administration as reported by Car Insurance Comparison, including four stars in the front, side, and rollover crash test categories. The website also notes that the Insurance Institute for Highway Safety gave the Mini its highest rating of “Good” in the small overlap front crash, side crash, roof strength, head restraints, and seat test categories.
- Driving Record: Since drivers who have a history of accidents, tickets, and violations pay more for auto insurance, having a clean record can earn you discounts.
How to Save on Mini Cooper Insurance Premiums
If you get married, you may be able to qualify for more affordable Mini Cooper insurance. Most states have slightly lower auto coverage rates on average for married drivers compared to single drivers who have similar characteristics.
You should also note your exact job title when you request an insurance quote. People in some professions, such as teachers and law enforcement officers, save on insurance because of their lower statistical risk of an accident.
Drivers who move to safer neighborhoods save on auto insurance. If you have been thinking about a move, check the insurance premiums for your new zip code before you sign a new lease.
If you are a young driver and live with your parents, consider joining their insurance policy if possible. This route will be considerably cheaper than purchasing a policy on your own as long as they have a good driving history.
Boosting your credit score can also help you save on auto insurance. In many states, insurers associate poor credit with a higher risk of accidents and increase their rates accordingly. However, some states have prohibited this practice among insurance companies.
Driving less often is another strategy to reduce your Mini Cooper auto insurance cost. The more miles you drive on average, the more your insurer will charge you for coverage. You should also drive safely to reduce your risk of an accident. After you get a ticket or have an at-fault accident claim, your insurance rates will increase for about three years depending on the severity of the incident.
You can also adjust the amount of auto coverage you carry. According to Quote Inspector, increasing your deductible on your Mini Cooper policy to $1000 can save you about $192 per year, compared to the average price of $1316 a year for a 40-year-old driver who has a $500 deductible.
Shop around for auto insurance to find the best rates for your individual situation. Be sure to enter the VIN for your Mini Cooper or the specific model you plan to buy. This unique identification number will help insurance companies provide the most accurate quote for your car coverage.
Check this out if you need additional information, resources, or guidance on car insurance.
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