Anyone knows that car insurance companies want to keep you from comparing rates. Consumers who compare other rates are likely to buy a new policy because there is a high probability of finding a more affordable policy. A recent car insurance study revealed that people who compared price quotes annually saved an average of $3,500 over four years compared to those who never compared rates.
If finding the cheapest price for Mini Cooper insurance in Anchorage is your intention, then knowing how to get free comparison quotes and analyze coverages can save time, money, and frustration.
If saving the most money is your goal, then the best way to get more affordable auto insurance rates is to compare quotes annually from insurers in Anchorage.
- Try to learn about individual coverages and the modifications you can make to prevent expensive coverage. Many policy risk factors that result in higher rates such as distracted driving and a low credit score can be rectified by making minor driving habit or lifestyle changes.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can provide prices from many different companies.
- Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
A good tip to remember is to make sure you’re comparing the same coverage limits and deductibles on each quote request and and to analyze as many different insurance providers as possible. Doing this ensures a level playing field and the best price selection.
Learn How to Buy Auto Insurance at a Discount
One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that aid in calculating your premiums. If you have a feel for what influences your rates, this allows you to make good choices that will entitle you to better auto insurance rates. Lots of things are part of the calculation when you get your auto insurance bill. Some factors are common sense such as traffic violations, but others are not quite as obvious like where you live or your vehicle rating.
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High premiums for teenage drivers – Older people are more responsible, tend to cause fewer accidents, and get fewer tickets. Youthful drivers are proven to be careless and easily distracted in a vehicle so auto insurance rates are higher.
The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
- Liability insurance risk factors – Liability coverage will afford coverage when a jury decides you are liable for damages from an accident. Liability provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to comp and collision, so do not cut corners here.
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Avoid traffic tickets – A bad driving record impacts your car insurance rates tremendously. Drivers with clean records receive lower rates than their less careful counterparts. Just one ticket could increase your next policy renewal substantially. People who have serious tickets such as DWI, reckless driving or hit and run convictions may be required to maintain a SR-22 to the state department of motor vehicles in order to prevent a license revocation.
The diagram below highlights how traffic violations and at-fault claims can affect Mini Cooper insurance rates for each different age group. The rate quotes are based on a married male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
- Vehicle theft costs us all – Selecting a car model that has a built-in theft deterrent system can get you a discount on your auto insurance. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart vehicle theft.
- Use credit responsibly and save – A driver’s credit score is a big factor in your rate calculation. Consumers who have excellent credit tend to be less risk to insure than those with worse credit. So if your credit history can use some improvement, you could save money insuring your Mini Cooper if you clean up your credit.
- Rates can change based on your address – Living in a small town is a good thing when talking about auto insurance. Drivers who live in large cities have more traffic problems and longer commute times. Fewer drivers on the road means a lower chance of having an accident as well as less vandalism and auto theft.
- Pay more out-of-pocket – Comp and collision deductibles represent how much money you are willing to pay if a claim is determined to be covered. Physical damage protection, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered could be a windshield broken by a bird, collision with a deer, and damage from wind. The larger the amount you are required to pay out-of-pocket, the better rate you will receive.
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Insurance loss statistics a Mini Cooper – Insurance companies analyze historical claim data in order to profitably underwrite each model. Vehicles that historically have higher claim frequency or loss amount will be charged more to insure.
The table below shows the historical insurance loss data for Mini Cooper vehicles. For each type of coverage, the loss probability for all vehicles, regardless of make or model, is considered to be 100. Values that are 100 or less suggest a better than average loss history, while values that are above 100 indicate more frequent losses or statistically larger losses.
Mini Cooper Insurance Claim Statistics 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Many insurance companies allow consumers to get prices from their websites. This process is quite easy as you just enter the coverage amounts you desire as requested by the quote form. After the form is submitted, the system obtains information on your driving record and credit history and provides a quote based on many factors.
The ability to get online rates for Mini Cooper insurance in Anchorage makes comparing rates easy, and it’s absolutely necessary to get many rate quotes in order to find a lower rate.
To compare rates using this form now, compare quotes from the companies shown below. If you have a policy now, it’s recommended you duplicate your coverages identical to your current policy. This ensures you will get a fair comparison based on identical coverages.
The providers in the list below have been selected to offer free quotes in Alaska. If multiple companies are listed, we suggest you visit two to three different companies in order to find the cheapest rates.
Mini Cooper insurance rate analysis
The coverage information shown below outlines different coverage costs for Mini Cooper models. Learning how insurance policy premiums are figured can be of help when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $206 | $408 | $280 | $16 | $84 | $994 | $83 |
| Cooper 2-Dr Convertible | $206 | $408 | $218 | $12 | $66 | $910 | $76 |
| Cooper S 2-Dr Hatchback | $206 | $480 | $280 | $16 | $84 | $1,066 | $89 |
| Cooper S 2-Dr Convertible | $232 | $480 | $218 | $12 | $66 | $1,008 | $84 |
| Cooper John Cooper Works 2-Dr Hatchback | $232 | $480 | $280 | $16 | $84 | $1,092 | $91 |
| Cooper John Cooper Works 2-Dr Convertible | $260 | $552 | $218 | $12 | $66 | $1,108 | $92 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Estimates do not factor in your specific Anchorage location which can influence premiums noticeably.
Comparison of policy deductibles
The hardest decision when buying coverage is how low should you set your deductibles. The rates below sum up the premium difference when you buy lower versus higher deductibles. The first rate table uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $210 | $354 | $232 | $14 | $70 | $905 | $75 |
| Cooper 2-Dr Convertible | $210 | $354 | $180 | $10 | $54 | $833 | $69 |
| Cooper S 2-Dr Hatchback | $210 | $418 | $232 | $14 | $70 | $969 | $81 |
| Cooper S 2-Dr Convertible | $238 | $418 | $180 | $10 | $54 | $925 | $77 |
| Cooper John Cooper Works 2-Dr Hatchback | $238 | $418 | $232 | $14 | $70 | $997 | $83 |
| Cooper John Cooper Works 2-Dr Convertible | $264 | $480 | $180 | $10 | $54 | $1,013 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $130 | $222 | $232 | $14 | $70 | $668 | $56 |
| Cooper 2-Dr Convertible | $130 | $222 | $180 | $10 | $54 | $596 | $50 |
| Cooper S 2-Dr Hatchback | $130 | $262 | $232 | $14 | $70 | $708 | $59 |
| Cooper S 2-Dr Convertible | $146 | $262 | $180 | $10 | $54 | $652 | $54 |
| Cooper John Cooper Works 2-Dr Hatchback | $146 | $262 | $232 | $14 | $70 | $724 | $60 |
| Cooper John Cooper Works 2-Dr Convertible | $164 | $302 | $180 | $10 | $54 | $710 | $59 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate information does not factor in vehicle garaging location which can affect rates noticeably.
Based on the figures above, using a $250 deductible costs about $22 more each month or $264 each year across all Mini Cooper models than quoting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 34 months between claims, you would most likely save money if you elect the higher deductible.
How to calculate if higher deductibles make sense
| Average monthly premium for $250 deductibles: | $78 |
| Average monthly premium for $1,000 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 34 months |
One big caveat is that increasing deductibles to save money results in more money out-of-pocket at claim time. It will be required that you have some extra savings in the event you need to pay the deductible for vehicle repair.
Annual premiums for males versus females in Anchorage
The information below visualizes the comparison of Mini Cooper insurance prices for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are applied.
Protect your vehicle and other assets
Despite the high cost of buying insurance for a Mini Cooper in Anchorage, car insurance may be required and benefits you in several ways.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific limits of liability protection in order to be legal. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Cooper, more than likely the lender will require you to buy full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Mini at a significantly higher premium and require you to reimburse them the higher price.
- Insurance protects both your vehicle and your assets. It will also provide coverage for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If you have damage to your Mini as the result of the weather or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of having car insurance greatly outweigh the cost, particularly when you have a large claim. An average driver in America is overpaying over $700 annually so it’s very important to do a rate comparison at least once a year to ensure rates are inline.
Lower rate quotes on Mini Cooper insurance in Anchorage with these discounts
Auto insurance is neither fun to buy or cheap, but there may be some discounts that could help you make your next renewal payment. Most are applied at the time you complete a quote, but some must be specifically requested prior to receiving the credit. If they aren’t giving you every credit available, you’re just leaving money on the table.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course if it’s offered in school.
- Multi-policy Discount – If you combine your home and auto policies with one insurance company you may save as much as 10 to 15 percent.
- Passive Restraints – Factory air bags could see savings of up to 25% or more.
- Telematics Discount – People who choose to allow their insurance company to study driving patterns by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if they have good driving habits.
- Safety Course Discount – Completing a course that instructs on driving safety could possibly earn you a 5% discount if your company offers it.
- Home Ownership Discount – Owning your own home or condo can save you money due to the fact that maintaining a home shows financial diligence.
- Low Mileage Discounts – Low annual miles could earn lower premium rates due to less chance of an accident.
As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, it doesn’t quite work that way.
The information below visualizes the comparison of Mini Cooper insurance rates with and without policy discounts. The prices are based on a female driver, no violations or accidents, Alaska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, multi-policy, marriage, and safe-driver discounts applied.
A list of auto insurance companies and some of the premium reductions they offer are included below.
- State Farm may offer discounts for good driver, student away at school, good student, Drive Safe & Save, accident-free, multiple policy, and multiple autos.
- Esurance may include discounts for Switch & Save, online quote, claim free, renters, emergency road assistance, and online shopper.
- Progressive discounts include homeowner, online signing, multi-vehicle, good student, online quote discount, and continuous coverage.
- Liberty Mutual policyholders can earn discounts including teen driver discount, newly married, hybrid vehicle, newly retired, preferred payment discount, multi-policy, and new move discount.
- Auto-Owners Insurance has discounts for safe vehicle, anti-lock brakes, air bags, company car, and teen driver.
- GEICO offers discounts including defensive driver, five-year accident-free, emergency military deployment, good student, and military active duty.
When getting free Anchorage auto insurance quotes, it’s a good idea to every company which discounts you qualify for. Depending on the company, some discounts might not be available to policyholders in your area.
Insurance agents near you
Some consumers still prefer to have an agent’s advice and that can be a great decision One of the benefits of comparing rates online is you may find the lowest rates and still have a local agent.
By using this quick form, your coverage information is transmitted to insurance agents in Anchorage that provide free Anchorage auto insurance quotes for your insurance coverage. It makes it easy because there is no need to contact any insurance agencies because quoted prices will be sent directly to your email. You can find better rates AND an agent nearby. If for some reason you want to get a comparison quote from a particular provider, just visit that company’s website to submit a rate quote request.
Finding a good insurer is decision based upon more than just the premium amount. The answers to these questions are important, too.
- Which companies can they place coverage with?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Do the companies they represent have a solid financial rating?
- Will the quote change when the policy is issued?
- Which family members are covered?
- Does the agent help file claims?
- Do they get extra compensation for selling add-on coverages?
- Does the agency provide any after hours assistance?
If you are searching for a reputable agency, you must know there are a couple types of insurance agents and how they are distinctly different. Anchorage agents may be either independent (non-exclusive) or exclusive.
Exclusive Agencies
Exclusive agencies work for only one company such as Allstate, Farmers Insurance or State Farm. They generally cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually well trained in insurance sales which helps offset the inability to provide other markets. A lot of people use the same exclusive agent mainly due to high brand loyalty and strong financial ratings.
Shown below are Anchorage exclusive agents that are able to give price quotes.
- State Farm Insurance – Justin Goodman
4200 Old Seward Hwy – Anchorage, AK 99503 – (907) 561-7771 – View Map - Gary Annis – State Farm Insurance Agent
3330 C St #101 – Anchorage, AK 99503 – (907) 563-1960 – View Map - Steve VanHorne – State Farm Insurance Agent
510 W Tudor Rd Ste 1 – Anchorage, AK 99503 – (907) 561-0000 – View Map
Independent Agents (or Brokers)
Agents that choose to be independent do not have single company limitations and that allows them to write policies through many different car insurance companies and find you cheaper rates. If your agent finds better pricing, they simply switch companies in-house and you don’t have to do anything. If you are comparing car insurance prices, we recommend you include price quotes from at a minimum one independent agency for maximum quote selection. They often place coverage with smaller mutual companies which may have better rates.
Listed below are Anchorage independent insurance agents willing to provide comparison quotes.
- Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9 – Anchorage, AK 99503 – (907) 563-1492 – View Map - Umialik Insurance Company
3301 C St #300 – Anchorage, AK 99503 – (907) 338-5445 – View Map - Conrad-Houston Insurance
507 W Northern Lights Blvd – Anchorage, AK 99503 – (907) 276-7667 – View Map
A conclusion for your insurance search
Some insurance providers may not offer rates over the internet and usually these smaller providers prefer to sell through independent agencies. Lower-priced insurance in Anchorage can be bought on the web in addition to local insurance agencies, so you need to compare both so you have a total pricing picture.
Insureds leave their current company for a variety of reasons including denial of a claim, questionable increases in premium, high rates after DUI convictions or even lack of trust in their agent. It doesn’t matter what your reason, finding a great new company is not as difficult as it may seem.
We just showed you many tips how you can save on Mini Cooper insurance in Anchorage. It’s most important to understand that the more quotes you get, the better your chances of lowering your premium rates. You may even be surprised to find that the most savings is with a small local company.
Helpful articles
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
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- Who Has Affordable Auto Insurance for a School Permit in Anchorage? (FAQ)
- Learn About Car Insurance (GEICO)
- Car Insurance FAQ (Trusted Choice)
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