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 a year, collision insurance costs $424, and liability is estimated at $388. A liability-only policy costs approximately $434 a year, and high-risk insurance costs around $2,568. 16-year-old drivers cost the most to insure at up to $4,482 a year.

Average premium for full coverage: $1,188

Policy rates broken down by type of insurance:

Rates are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all states and Cooper trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can have significant affects on insurance rates. More rural locations are shown to have a lower frequency of accident claims than congested cities. The diagram below illustrates the effect of geographic area on insurance prices.

The examples above show why it is important to get quotes for a targeted area and risk profile, instead of using rate averages.

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

More Rate Details

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

• The best full coverage rate is $686
• Choosing higher $1,000 deductibles can save approximately $1,036 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,188
• Buying low $100 deductibles for comp and collision coverage will increase the cost to $1,478
• Unlucky drivers with multiple tickets or accidents could pay up to $2,568
• Policy cost for full coverage for a teen driver can cost as much as $4,482 each year

View Chart as Image

Car 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.

Older drivers with no driving violations and high deductibles may 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 will be charged at least $4,400 a year. View Rates by Age

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

View Chart as Image

Opting for high physical damage deductibles can save as much as $450 every year, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $270 extra every 12 months. 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 extra every year, depending on your age. A high-risk auto insurance policy ranges as much as 45% to 131% more than the average rate. View High Risk Driver Rates

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 the Best Cheap Mini Cooper Insurance

Finding cheaper rates on car insurance takes having a decent driving record, having above-average credit, avoid buying unnecessary coverage, and possibly higher deductibles. Take the time to compare rates every couple of years by obtaining price quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a quick review of the material that was covered in the above illustrations.

• Policyholders who want additional liability coverage will pay around $430 each year to raise limits from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers have the highest car insurance rates, costing up to $374 each month if full coverage is included
• Higher risk drivers with a DUI or reckless driving violation pay an average of $1,380 more annually than a driver with a clean driving record
• Increasing comprehensive and collision deductibles can save around $450 each year

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.