Are you sick of overpaying and want lower-priced Mini Cooper insurance in Philadelphia? Comparison shopping for cheaper Mini Cooper insurance in Philadelphia might be kind of frustrating for beginners to comparing prices online. People have so many options that it can be a big hassle to locate the lowest coverage rates.
It’s an obvious assumption that auto insurance companies don’t want their policyholders to compare prices. Insureds who rate shop once a year are very likely to move their business because there is a high probability of finding coverage at a cheaper rate. A study discovered that people who routinely compared rates saved $865 a year compared to policyholders who never shopped for cheaper rates.
If finding the cheapest price on car insurance is your goal, learning how to quote and compare auto insurance can make the process more efficient.
Smart consumers take time to quote other rates every six months since prices go up and down regularly. If you had the best rate on Mini Cooper insurance in Philadelphia six months ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about Cooper insurance on the internet, but in a few minutes you can learn the best ways to find cheap auto insurance in Philadelphia.
Keep in mind that having more price comparisons provides better odds of finding a lower rate.
The companies shown below offer free rate quotes in Philadelphia, PA. If multiple providers are shown, it’s a good idea that you visit as many as you can to find the lowest auto insurance rates.
Coverage information
The coverage table displayed next highlights a range of insurance costs for Mini Cooper models. Learning how insurance prices are calculated can assist in making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $122 | $224 | $264 | $16 | $78 | $704 | $59 |
| Cooper 2-Dr Convertible | $122 | $224 | $204 | $12 | $62 | $624 | $52 |
| Cooper S 2-Dr Hatchback | $122 | $264 | $264 | $16 | $78 | $744 | $62 |
| Cooper S 2-Dr Convertible | $136 | $264 | $204 | $12 | $62 | $678 | $57 |
| Cooper John Cooper Works 2-Dr Hatchback | $136 | $264 | $264 | $16 | $78 | $758 | $63 |
| Cooper John Cooper Works 2-Dr Convertible | $152 | $304 | $204 | $12 | $62 | $734 | $61 |
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in your specific Philadelphia location which can modify rates substantially.
Policy deductible comparison
One of the hardest decisions when shopping for car insurance is where to set your physical damage deductibles. The tables below show the cost difference when you choose different coverage deductibles. The first table uses a $100 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $284 | $512 | $280 | $16 | $84 | $1,201 | $100 |
| Cooper 2-Dr Convertible | $284 | $512 | $218 | $12 | $66 | $1,117 | $93 |
| Cooper S 2-Dr Hatchback | $284 | $602 | $280 | $16 | $84 | $1,291 | $108 |
| Cooper S 2-Dr Convertible | $320 | $602 | $218 | $12 | $66 | $1,243 | $104 |
| Cooper John Cooper Works 2-Dr Hatchback | $320 | $602 | $280 | $16 | $84 | $1,327 | $111 |
| Cooper John Cooper Works 2-Dr Convertible | $356 | $694 | $218 | $12 | $66 | $1,371 | $114 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $158 | $270 | $280 | $16 | $84 | $808 | $67 |
| Cooper 2-Dr Convertible | $158 | $270 | $218 | $12 | $66 | $724 | $60 |
| Cooper S 2-Dr Hatchback | $158 | $318 | $280 | $16 | $84 | $856 | $71 |
| Cooper S 2-Dr Convertible | $178 | $318 | $218 | $12 | $66 | $792 | $66 |
| Cooper John Cooper Works 2-Dr Hatchback | $178 | $318 | $280 | $16 | $84 | $876 | $73 |
| Cooper John Cooper Works 2-Dr Convertible | $198 | $366 | $218 | $12 | $66 | $860 | $72 |
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in garaging location in Philadelphia which can influence premiums noticeably.
Based on the figures above, using a $100 deductible costs roughly $37 more each month or $444 each year than opting for the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 24 months between claims, you would save money if you opt for a higher deductible. Here is a better example of how you can make this decision for your own policy.
| Average monthly premium for $100 deductibles: | $105 |
| Average monthly premium for $1,000 deductibles (subtract): | – $68 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
The information below highlights how deductible choice and can influence Mini Cooper insurance costs for different insured age categories. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Should you buy full coverage?
The diagram below shows the comparison of Mini Cooper insurance prices with full coverage and liability only. The premium estimates are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are applied.
When to stop buying full coverage
There is no written rule of when to phase out physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s pretend your Mini Cooper replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying your policy deductible. If it’s costing in excess of $400 annually to have full coverage, then it might be time to buy liability only.
There are some cases where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Do I just need basic coverages?
When selecting the best auto insurance coverage, there is no one size fits all plan. Your situation is unique so your insurance needs to address that.
For instance, these questions can help discover whether you will benefit from professional help.
- What if I owe more than I can insure my car for?
- When should I drop full coverage on my Mini Cooper?
- Is upholstery damage covered by car insurance?
- How do I file an SR-22 for a DUI in Pennsylvania?
- What is an adequate liability insurance limit?
- Am I covered if I back into my garage door?
If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
When to contact a local insurance agent
Many people would prefer to visit with an insurance agent and doing that can be a smart decision One of the best bonuses of comparing rate quotes online is the fact that you can find lower rates and still have an agent to talk to.
For easy comparison, once you complete this simple form, your insurance coverage information is instantly submitted to local insurance agents in Philadelphia that can give you free Philadelphia car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to drive around since price quotes are sent straight to your inbox. You can find the lowest rates without requiring a lot of work. If you wish to get a price quote from a specific insurance company, just visit that company’s website to submit a rate quote request.
Choosing an provider shouldn’t rely on just a cheap price. Below are some questions you should ask.
- What insurance companies do they work with in Philadelphia?
- Where would your vehicle be repaired?
- Is the agency involved in supporting local community causes?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is every driver in your family covered?
- What is the financial rating for the quoted company?