Mini Cooper Insurance Rates

You may have found yourself wondering how much you might have to pay for MINI Cooper insurance rates. If this sounds like you, you should know that average insurance for a MINI Cooper amounts to $1,366 a year for full coverage, which translates to a $114 monthly bill.

There are a variety of factors that ultimately impact MINI Cooper insurance costs, such as the model year of the vehicle and the driver’s history. In order to help you effectively secure a cheap MINI Cooper insurance policy, we’ve prepared this comprehensive guide for you.

Once you’ve read through the material outlined in this article, you will be ready to spot a MINI insurance quote that works for your budget. In fact, you can get begin comparing MINI car insurance group rates by entering your five-digit ZIP code into our free online quote tool.

The average insurance rates for a Mini Cooper are $1,188 a year for full coverage. Comprehensive costs an estimated $240, collision costs $424, and liability insurance is estimated at $388. Liability-only coverage costs approximately $434 a year, with high-risk coverage costing around $2,568. Teen drivers cost the most to insure at $4,482 a year or more.

Average premium for full coverage: $1,188

Policy rates broken down by type of insurance:

Price estimates include $500 deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all states and for different Cooper trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on insurance rates. More rural locations are shown to have a lower frequency of accident claims than larger metro areas.

The price range example below illustrates how location helps determine insurance prices.

The examples above show why anyone shopping for car insurance should get quotes for a targeted area and risk profile, rather than relying on price averages.

Use the form below to get customized rates for your location.

Rate Comparisons

The chart below shows estimated Mini Cooper insurance rates for other coverage scenarios.

• The lowest rate with discounts is $686
• Choosing higher $1,000 deductibles can save approximately $152 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,188
• Choosing more expensive low deductibles for comp and collision coverage will increase the cost to $1,478
• High-risk insureds with multiple violations and an at-fault accident could pay up to $2,568 or more
• Policy cost for full coverage for a teen driver with full coverage can cost as much as $4,482 each year

View Chart as Image

Insurance rates for a Mini Cooper also range considerably based on your risk profile, the trim level of your Cooper, and liability limits and deductibles.

An older driver with no violations or accidents and high deductibles could pay as little as $1,100 annually on average, or $92 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay at least $4,400 a year. View Rates by Age

Your home state plays a big part in determining prices for Mini Cooper insurance rates. A good driver about age 40 could pay as low as $780 a year in states like Iowa, Maine, and Idaho, or as much as $1,690 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles can save as much as $450 each year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $270 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying $1,400 to $2,000 additional every year, depending on your age. High-risk driver insurance ranges anywhere from 45% to 131% more than average. View High Risk Driver Rates

Because rates have so much variability, the only way to know which auto insurance is cheapest is to compare rates from as many companies as possible. Each auto insurer uses a different rate calculation, and rates will be varied from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2019 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Cheaper Mini Cooper Insurance

Finding cheaper rates on Mini Cooper insurance takes not taking risks behind the wheel, having a good credit history, avoid buying unnecessary coverage, and maximizing policy discounts. Invest time comparing rates every other policy renewal by obtaining price quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following is a condensed summary of the ideas that were covered in the charts and tables above.

• Teens are expensive to insure, costing up to $374 each month including comprehensive and collision insurance
• High-risk drivers with multiple at-fault accidents pay an average of $1,380 more annually for Cooper insurance
• Increasing comprehensive and collision deductibles can save around $450 each year
• Drivers can save approximately $140 per year simply by shopping early and online

Now that you are aware of how MINI Cooper rates can fluctuate, you have a better understanding of what you might expect to pay based on the model year of your vehicle. For example, the insurance cost of a 2015 MINI Cooper will be different than the price range of a 2008 MINI Cooper.

The best way to find out what your individual policy will look like is by using our free online quote tool below.

What are the safety ratings of the MINI Cooper?

It’s important to consider the safety ratings of the MINI Cooper to get a good idea of where you might qualify for policy discounts. 

Take a look at the safety ratings of the MINI Cooper below so you can see where you might be eligible for policy discounts.

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): N/R
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

For a frame of reference, the Insurance Institute for Highway Safety (IIHS) classifies “Good” as the highest rating possible. The MINI Cooper achieved that mark in every part of the car that was tested, which is helpful when it comes to reducing insurance rates.

MINI Cooper Compared Against Other Vehicles in the Same Class

Experts from the IIHS classify the MINI Cooper as a small two-door car. By comparison, other similar models include the following:

• Hyundai Accent
• Kia Rio
• Chevrolet Spark

When providing you with a quote, insurance companies will consider the loss percentages of the MINI Cooper as it compares to other similar models in this class. 

The good news is that the MINI Cooper reflects a good loss percentage for bodily injury liability at -25 percent and -23 percent for property damage liability.

By now you should have a great handle on how MINI Cooper auto insurance rates are calculated, so is there anything we might have missed? If not, start comparing MINI Cooper car insurance rates from multiple companies by using our quoting tool now.