The preferred way to save on auto insurance rates is to regularly compare quotes from insurance carriers who sell insurance in Boston. You can compare rates by completing these steps.
- First, try to comprehend how companies set rates and the steps you can take to prevent rate increases. Many rating criteria that drive up the price like distracted driving and an unfavorable credit rating can be eliminated by paying attention to minor details.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like GEICO or State Farm, while agents who are independent can provide prices from multiple companies.
- Third, compare the new quotes to the premium of your current policy and see if there is a cheaper rate in Boston. If you can save money and decide to switch, verify that coverage does not lapse between policies.
The most important part of shopping around is that you’ll want to compare the same coverage limits and deductibles on every quote and and to get rate quotes from as many auto insurance providers as possible. This provides an accurate price comparison and a complete price analysis.
Amazingly, most consumers have stayed with the same insurance company for a minimum of four years, and approximately 40% of consumers have never shopped around. Most drivers in Boston could cut their rates by nearly 45% a year by just shopping around, but most undervalue the big savings they would realize if they switch to a new company.
How do Insurance Companies Determine Mini Cooper Insurance Premiums?
The best way to find cheaper auto insurance is to take a look at some of the elements that play a part in calculating your policy premiums. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that could help you find much lower annual insurance costs. Lots of things are part of the equation when pricing auto insurance. Some are pretty understandable like an MVR report, but other factors are less apparent like where you live or how safe your car is.
Do thieves like your car? – Buying a car with advanced anti-theft systems can help bring down rates. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping vehicle theft.
Having a spouse can save you money – Having a significant other may cut your premiums on your auto insurance bill. Having a spouse means you’re more responsible and insurance companies like that being married results in fewer claims.
Never let your auto insurance policy lapse – Having a lapse in insurance coverage is a guaranteed way to bump up your auto insurance costs. Not only will rates go up, being ticketed for driving with no insurance can result in a revoked license or a big fine.
Better prices on vehicles with better crash test results – Vehicles with good safety scores can get you lower premiums. Safe vehicles reduce injuries and fewer serious injuries means your insurance company pays less and lower rates for you. If the Mini Cooper scored better than four stars on Safercar.gov it may be receiving lower rates.
Stay claim-free and save money – Insurance companies in Massachusetts give better rates to insureds who only file infrequent claims. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is intended for the large, substantial claims.
Low stress job equals lower rates – Did you know that where you work can have an impact on rates? Careers like military generals, airline pilots, and dentists generally pay higher average rates in part from high stress levels and long work days. Other careers such as farmers, engineers and homemakers pay the least.
Insurance loss data for Mini Cooper vehicles – Auto insurance companies use claims history when they calculate premium costs for each model. Vehicles that the statistics show to have higher frequency or amount of claims will cost more to insure. The table below demonstrates the historical loss data for Mini Cooper vehicles.
For each policy coverage type, the statistical loss for all vehicles compiled together is equal to 100. Numbers that are below 100 suggest a positive loss record, while numbers above 100 show a trend for more claims or a tendency for losses to be larger than average.
| 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Just remember that comparing more rates from different companies will increase your chances of finding the best price.
The following companies are our best choices to provide quotes in Massachusetts. In order to find cheaper car insurance in Massachusetts, we recommend you visit as many as you can to get the best price comparison.
Mini Cooper coverage analysis
The information displayed next highlights a range of coverage prices for Mini Cooper models. Having a better understanding of how premiums are established can help drivers make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $154 | $310 | $370 | $22 | $110 | $966 | $81 |
| Cooper 2-Dr Convertible | $154 | $310 | $286 | $16 | $86 | $852 | $71 |
| Cooper S 2-Dr Hatchback | $154 | $364 | $370 | $22 | $110 | $1,020 | $85 |
| Cooper S 2-Dr Convertible | $172 | $364 | $286 | $16 | $86 | $924 | $77 |
| Cooper John Cooper Works 2-Dr Hatchback | $172 | $364 | $370 | $22 | $110 | $1,038 | $87 |
| Cooper John Cooper Works 2-Dr Convertible | $192 | $420 | $286 | $16 | $86 | $1,000 | $83 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in vehicle garaging location which can decrease or increase coverage rates significantly.
Policy deductible comparison
When buying insurance, a common question is at what level do you set your deductibles. The data tables below may help you to understand the costs and benefits between high and low policy deductibles. The first set of prices uses a $250 deductible for comp and collision and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $258 | $436 | $284 | $16 | $86 | $1,105 | $92 |
| Cooper 2-Dr Convertible | $258 | $436 | $220 | $14 | $66 | $1,019 | $85 |
| Cooper S 2-Dr Hatchback | $258 | $512 | $284 | $16 | $86 | $1,181 | $98 |
| Cooper S 2-Dr Convertible | $292 | $512 | $220 | $14 | $66 | $1,129 | $94 |
| Cooper John Cooper Works 2-Dr Hatchback | $292 | $512 | $284 | $16 | $86 | $1,215 | $101 |
| Cooper John Cooper Works 2-Dr Convertible | $324 | $590 | $220 | $14 | $66 | $1,239 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $210 | $350 | $284 | $16 | $86 | $946 | $79 |
| Cooper 2-Dr Convertible | $210 | $350 | $220 | $14 | $66 | $860 | $72 |
| Cooper S 2-Dr Hatchback | $210 | $414 | $284 | $16 | $86 | $1,010 | $84 |
| Cooper S 2-Dr Convertible | $236 | $414 | $220 | $14 | $66 | $950 | $79 |
| Cooper John Cooper Works 2-Dr Hatchback | $236 | $414 | $284 | $16 | $86 | $1,036 | $86 |
| Cooper John Cooper Works 2-Dr Convertible | $264 | $476 | $220 | $14 | $66 | $1,040 | $87 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Premium costs do not factor in vehicle garaging location which can affect premium rates noticeably.
We can derive from the above data that using a $250 deductible will cost in the ballpark of $15 more each month or $180 annually across all Mini Cooper models than selecting the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 17 months between claims, you would save more money going with the higher deductible.
Impact of careless driving on Boston insurance rates
The example below highlights how traffic violations and at-fault collisions can influence Mini Cooper insurance premiums for different age categories. The costs are based on a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.
Age-based insurance rates by gender in Boston
The illustration below illustrates the difference between Mini Cooper insurance premiums for male and female drivers. The data assumes no tickets, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
Three good reasons to insure your Cooper
Even though it’s not necessarily cheap to insure a Mini in Boston, paying for car insurance is a good idea for several reasons.
- The majority of states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage if you want to drive legally. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your Cooper, almost all lenders will make it a condition of the loan that you have physical damage coverage to guarantee their interest in the vehicle. If you default on your policy, the bank may insure your Mini at a more expensive rate and force you to reimburse them for the expensive policy.
- Car insurance preserves both your assets and your car. Insurance will pay for medical bills for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If your Mini gets damaged, comprehensive and/or collision insurance will cover the repair costs.
The benefits of buying car insurance greatly outweigh the cost, especially for larger claims. Unknowingly, the average driver overpays more than $855 a year so you should quote your policy with other companies once a year at a minimum to help ensure money is not being wasted.
These discounts can cut Mini Cooper insurance rates
Companies do not advertise all possible discounts in a way that’s easy to find, so we took the time to find some of the more common and the more hidden credits available to bring down your rates.
- Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in school.
- Mature Driver Discount – If you’re over the age of 55, you may be able to get reduced rates.
- Accident Free – Good drivers with no accidents can save substantially compared to accident-prone drivers.
- Policy Bundle Discount – When you combine your auto and homeowners insurance with the same company you could earn a discount of nearly 15% which can help you find low cost Mini Cooper insurance.
- Accident Forgiveness Coverage – This one isn’t a discount, but a handful of insurance companies allow you one accident without raising rates with the catch being you have to be claim-free prior to the accident.
- New Car Discount – Adding a new car to your policy may earn a small discount due to better safety requirements for new vehicles.
- Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts could cut 10% or more off the PIP or medical payment premium.
- Fewer Miles Equal More Savings – Driving fewer miles can earn substantially lower prices.
- Sign Online – A few larger companies may give you up to $50 just for signing your application on the web.
Just know that many deductions do not apply to the entire cost. Some only apply to individual premiums such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, you’re out of luck.
The illustration below shows the difference between Mini Cooper insurance rates with and without discounts applied to the rates. The data assumes a male driver, a clean driving record, no claims, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, marriage, multi-policy, and homeowner discounts applied.
Insurance companies that possibly offer some of the above discounts possibly include:
If you want inexpensive Boston auto insurance quotes, ask each company which discounts they offer. Some of the earlier mentioned discounts might not apply in Boston. If you would like to view insurance companies that offer multiple discounts in Boston, click here.
Don’t I need to get advice from an insurance agency?
Some people just prefer to talk to a local agent and there is nothing wrong with that. The biggest benefit of getting free rate quotes online is you may find lower car insurance rates and still have a local agent. Supporting local agents is definitely important in Boston.
After filling out this short form, your insurance data is transmitted to agents in your area who will give competitive quotes to get your business. There is no reason to search for an agent because quoted prices will be sent directly to you. You’ll get the best rates and work with a local agent. If you want to quote rates from a specific insurance company, you would need to search and find their rate quote page to submit a rate quote request.
Pick the best car insurance agent in Boston for you
When looking for a reliable agent, you must know there are a couple different agency structures and how they work. Agents in Boston can be classified as either independent or exclusive.
Independent Auto Insurance Agents (or Brokers)
Independent agents are not restricted to one company and that allows them to write policies amongst many companies depending on which coverage is best. If they find a cheaper price, your policy is moved internally which is easy for the insured.
When comparing auto insurance prices, it’s recommended you contact a few independent agents to have the most options to choose from.
The following is a list of independent agents in Boston that may be able to give price quote information.
H R Hatch Insurance Agency, Inc
31 Milk St #410 – Boston, MA 02109 – (617) 426-3711 – View Map
HR Hatch Insurance Agency
4401 Washington St – Roslindale, MA 02131 – (617) 325-5522 – View Map
Child-Genovese Insurance Inc
44 Temple Pl – Boston, MA 02111 – (617) 350-5511 – View Map
Exclusive Agents
Agents in the exclusive channel are contracted to one company such as Allstate, Farmers Insurance or State Farm. These agents are not able to shop your coverage around so you need to shop around if the rates are high. Exclusive agents are well schooled on their company’s products which can be an advantage.
The following are exclusive insurance agencies in Boston that can give you price quotes.
Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map
AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
Picking an insurance agency requires more thought than just the quoted price. These are valid questions to ask:
- Will they give you a referral list?
- When do they do policy reviews?
- Has the agent ever had any license suspensions?
- What insurance companies do they work with in Boston?
- Are there any hidden costs in their price quote and does it include driving and credit history?
If you get acceptable answers as well as inexpensive Mini Cooper insurance in Boston quotes, chances are good that you have found an insurance agency that will adequately provide auto insurance. Keep in mind once you purchase a policy you can cancel your policy any time you want so never assume that you are obligated to any specific agency for a certain time period.
Cheap insurance premiums are out there
In this article, we covered a lot of techniques to save on Mini Cooper insurance in Boston. The most important thing to understand is the more you quote Boston auto insurance, the better your comparison will be. You may even be surprised to find that the best price on insurance is with some of the smallest insurance companies. These companies often have lower prices on specific markets as compared to the big name companies such as Progressive or GEICO.
As you go through the steps to switch your coverage, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone dropped liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage for the lowest cost and still be able to protect your assets.
More information
- Smart Auto Insurance Tips (Insurance Information Institute)
- How Much are Car Insurance Rates for Electric Cars in Boston? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)
- Speed and Speed Limit FAQ (iihs.org)
- Get the Right Protection (InsureUonline.org)