It’s easy to assume that auto insurance companies want to keep your business as long as possible. Drivers who perform rate comparisons will, in all likelihood, buy a different policy because there is a good chance of finding more affordable rates. A study discovered that drivers who routinely shopped for cheaper coverage saved $3,450 over four years as compared to drivers who never shopped around for better prices.
If saving money on auto insurance is your goal, then knowing the best ways to find and compare auto insurance can help simplify the process.
If you want to find the absolute lowest rates, then the best way to get more affordable Mini Cooper insurance in Aurora is to do a yearly price comparison from providers who provide car insurance in Colorado.
Step 1: Read about how insurance companies determine prices and the measures you can control to keep rates in check. Many risk factors that cause high rates such as speeding and a negative credit score can be improved by paying attention to minor details.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of companies.
Step 3: Compare the new rate quotes to the price on your current policy to determine if you can save on Cooper insurance. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Notify your current company of your intent to cancel your current coverage and submit a down payment along with a completed application for the new coverage. Once coverage is bound, place the new certificate of insurance along with your vehicle registration.
The key aspect of shopping around is to make sure you’re comparing similar limits and deductibles on each quote request and and to analyze as many different insurance providers as possible. This enables an accurate price comparison and a complete price analysis.
Shopping for the cheapest insurance policy in Aurora is not as hard as you may think. Just about every driver who shops around for insurance will probably get better rates. But Colorado car owners must learn the methods companies use to determine what you pay and take advantage of how the system works.
When comparison shopping, comparing more quotes increases your odds of finding more affordable rates. Some regional insurers cannot provide Aurora Cooper insurance quotes online, so it’s recommended that you also compare rates on coverage from those companies, too.
The companies shown below offer free quotes in Aurora, CO. If multiple companies are listed, we recommend you visit as many as you can to find the cheapest auto insurance rates.
Insurance coverage details
The price information shown next showcases different insurance costs for Mini Cooper models. Learning how auto insurance prices are determined is important to be able to make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $130 | $244 | $286 | $16 | $86 | $762 | $64 |
| Cooper 2-Dr Convertible | $130 | $244 | $222 | $14 | $66 | $676 | $56 |
| Cooper S 2-Dr Hatchback | $130 | $288 | $286 | $16 | $86 | $806 | $67 |
| Cooper S 2-Dr Convertible | $148 | $288 | $222 | $14 | $66 | $738 | $62 |
| Cooper John Cooper Works 2-Dr Hatchback | $148 | $288 | $286 | $16 | $86 | $824 | $69 |
| Cooper John Cooper Works 2-Dr Convertible | $164 | $332 | $222 | $14 | $66 | $798 | $67 |
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific location information which can influence premium rates noticeably.
Deductible comparison
One common question asked by Aurora drivers is how high should the deductibles for physical damage be. The following insurance rates can help illustrate the rate fluctuation when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $272 | $458 | $298 | $18 | $90 | $1,161 | $97 |
| Cooper 2-Dr Convertible | $272 | $458 | $232 | $14 | $70 | $1,071 | $89 |
| Cooper S 2-Dr Hatchback | $272 | $538 | $298 | $18 | $90 | $1,241 | $103 |
| Cooper S 2-Dr Convertible | $306 | $538 | $232 | $14 | $70 | $1,185 | $99 |
| Cooper John Cooper Works 2-Dr Hatchback | $306 | $538 | $298 | $18 | $90 | $1,275 | $106 |
| Cooper John Cooper Works 2-Dr Convertible | $342 | $620 | $232 | $14 | $70 | $1,303 | $109 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cooper 2-Dr Hatchback | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Cooper 2-Dr Convertible | $168 | $288 | $232 | $14 | $70 | $772 | $64 |
| Cooper S 2-Dr Hatchback | $168 | $340 | $298 | $18 | $90 | $914 | $76 |
| Cooper S 2-Dr Convertible | $190 | $340 | $232 | $14 | $70 | $846 | $71 |
| Cooper John Cooper Works 2-Dr Hatchback | $190 | $340 | $298 | $18 | $90 | $936 | $78 |
| Cooper John Cooper Works 2-Dr Convertible | $210 | $390 | $232 | $14 | $70 | $916 | $76 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in garaging location in Aurora which can revise price quotes substantially.
Based on this data, using a $250 deductible would cost the average driver about $28 more each month or $336 each year across all Mini Cooper models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 27 months between claims, you would save more money if you decide on a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $101 |
| Average monthly premium for $1,000 deductibles (subtract): | – $73 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 27 months |
One thing to note is that a higher deductible level means you will have to cover more of the damage yourself when you have a claim. That will necessitate access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.
Should you buy full coverage?
The illustration below illustrates the difference between Mini Cooper annual premium costs when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $500 deductibles, drivers are single, and no discounts are applied.
When to drop comp and collision
There is no clear-cut rule that is best for determining when to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Mini Cooper replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after paying your deductible. If you are paying in excess of $600 annually for full coverage, then it may be the right time to buy liability only.
There are some scenarios where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
Car insurance does more than just protect your car
Despite the high cost, paying for car insurance is a good idea for several reasons.
First, just about all states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if you took out a loan on your vehicle, most lenders will make it mandatory that you have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Mini at a significantly higher premium and require you to pay the higher price.
Third, insurance protects your vehicle and your assets. Insurance will also pay for medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your policy will pay to have it repaired.
The benefits of carrying adequate insurance more than offset the price you pay, specifically if you ever have a liability claim. As of last year, the average driver in Colorado is wasting up to $820 a year so compare rate quotes at least once a year to save money.
Insurance Cost Influencing Factors
Part of the insurance buying process is learning the rating factors that aid in calculating the level of your policy premiums. When you understand what determines base rates, this allows you to make educated decisions that will entitle you to big savings.
Your career may increase prices – Jobs like real estate brokers, business owners, and stock brokers tend to pay higher rates than the rest of us attributed to intense work requirements and long work hours. On the other hand, occupations such as professors, students and retirees have the lowest average rates.
Premiums are high for teenagers – Teenage drivers in Colorado are known to be inattentive and easily distracted with other occupants in the car therefore insurance rates are much higher. Older, more experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and get fewer tickets.
The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Consider raising deductibles – Protection for physical damage, also known as collision and other-than-collision, insures against damage to your Mini. A few examples of covered claims are running into the backend of another car, vandalism, and rolling your vehicle. Physical damage deductibles state the amount of money you are willing to pay if a covered claim is submitted. The more expense the insured has to pay upfront, the bigger discount you will receive.
Decrease insurance rates by maintaining coverage – Driving your car without having proper coverage is not a good idea and you may have a hard time finding new coverage because you let your coverage cancel without a new policy in place. Not only will you pay more, the inability to provide proof of insurance could earn you fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the Colorado department of motor vehicles.
Don’t buy extra coverages that may not be needed – There are quite a few extra bells and whistles that can add up on your Cooper policy. Add-on coverages like coverage for rental cars, death and dismemberment, and additional equipment coverage are some examples. These may sound like a good investment when you first buy your policy, but now you might not need them so consider taking them off your policy.
Drive fewer miles and save – Driving a lot of miles in a year’s time the more you’ll pay to insure it. Most companies charge to insure your cars partially by how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. Double check that your insurance policy properly reflects the correct usage for each vehicle. Having an incorrect usage rating on your Cooper can cost quite a bit.
Mini Cooper insurance claim data – Insurance companies use data from past claims to determine a price that will be profitable for them. Models that statistically have a trend towards higher claims will cost more to insure. The next table shows the loss history for Mini Cooper vehicles.
For each policy coverage, the claim probability for all vehicles, as a total average, is represented as 100. Numbers below 100 suggest a better than average loss history, while numbers above 100 point to more claims or a tendency for claims to be larger.
| Vehicle 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: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don’t neglect these price cutting discounts
Auto insurance companies don’t always list every possible discount very clearly, so we break down a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy Aurora car insurance online.
- Senior Citizens – Drivers over the age of 55 could receive a small discount on rates.
- Low Miles Discount – Maintaining low annual mileage can qualify you for discounted premium rates on garaged vehicles.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course if it’s offered in school.
- Air Bag Discount – Cars that have air bags could see savings of more than 20%.
- Defensive Driver Discounts – Completing a class that teaches safe driver techniques is a good idea and can lower rates and also improve your driving technique.
- Discounts for Cautious Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
- Discounts for Government Workers – Being employed by or retired from a federal job can earn a discount up to 10% with a few insurance companies.
- No Accidents – Claim-free drivers can earn big discounts when compared to accident-prone drivers.
One thing to note about discounts is that some of the credits will not apply to the overall cost of the policy. Most only cut individual premiums such as liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, that’s just not realistic. But all discounts will cut the premium cost.
The example below shows the comparison of Mini Cooper auto insurance rates with and without policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, safe-driver, claim-free, and multi-car discounts applied.
To choose insurance companies that offer the discounts shown above in Aurora, click this link.
Car insurance is available from agents near you
Certain consumers would rather go talk to an agent and that is just fine! One of the best bonuses of getting free rate quotes online is the fact that you can find the best rates but also keep your business local. Buying insurance from local insurance agents is especially important in Aurora.
To make it easy to find an agent, after completing this short form, the quote information is transmitted to insurance agents in Aurora that give free quotes for your insurance coverage. There is no need to contact an agency due to the fact that quote results will go straight to your inbox. Get lower rates without a big time investment. If for some reason you want to get a price quote from a specific insurance company, you can always navigate to their website and fill out their quote form.
If you would like to find a local agent, you need to know there are two different agency structures that you can select. Car insurance agents in Aurora can be classified as either independent (non-exclusive) or exclusive.
Independent Agencies or Brokers
Independent agencies are not required to write business for one company and that gives them the ability to insure through many different car insurance companies and help determine which has the cheapest rates. If prices rise, your policy is moved internally and you don’t have to do anything.
If you are comparing rate quotes, it’s recommended you include price quotes from multiple independent agents to have the best price comparison.
Below is a list of independent insurance agents in Aurora who may be able to give you free rate quotes.
All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000 – View Map
BUD JUDY AGENCY, INC. (INDEPENDENT INSURANCE AGENCY)
2222 S Fraser St Unit 4 – Aurora, CO 80014 – (303) 368-5839 – View Map
Amercian Affordable Insurance: Arthur Blaszczyszn
10660 E Bethany Dr – Aurora, CO 80014 – (303) 577-9998 – View Map
Exclusive Agencies
These type of agents can usually just insure with one company and some examples include Farmers Insurance, Allstate, or State Farm. They are unable to give you multiple price quotes so keep that in mind. They are usually quite knowledgeable in insurance sales and that allows them to sell at a higher price point.
Shown below is a list of exclusive insurance agents in Aurora willing to provide rate quotes.
Denise Smith – State Farm Insurance
1278 S Chambers Rd – Aurora, CO 80017 – (303) 343-3515 – View Map
American Family Insurance – Rob Owens
20941 E Smoky Hill Rd Unit G – Aurora, CO 80015 – (303) 693-8877 – View Map
Bob Massie – State Farm Insurance Agent
15290 E 6th Ave #220 – Aurora, CO 80011 – (303) 364-8298 – View Map
Finding the right car insurance agent should include more criteria than just a cheap price. Ask your prospective agent these questions:
- Do they offer rental car reimbursement?
- Does the agency provide any after hours assistance?
- Which family members are covered?
- Is the quote a firm price?
- Does the agent have professional designations like CIC, CPCU or AIC?
If you get good responses to your questions as well as an affordable premium quote, it’s possible that you found an insurance agent that meets the criteria to insure your vehicles. It’s important to know that it’s your coverage and you can terminate your policy for any reason so don’t assume that you are obligated to any specific agency with no way to switch.
Aurora car insurance company ratings
Picking the highest-rated car insurance provider can be a challenge considering how many different companies insure vehicles in Aurora. The rank data below can help you decide which insurers you want to consider to insure your vehicles.
Top 10 Aurora Car Insurance Companies Overall
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Smart consumers save more
The cheapest Mini Cooper insurance in Aurora is possible online in addition to many Aurora insurance agents, and you should compare rates from both to have the best selection. A few companies may not have internet price quotes and usually these smaller providers work with local independent agents.
When you buy Aurora car insurance online, don’t be tempted to reduce coverage to reduce premium. Too many times, drivers have reduced comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your aim should be to get the best coverage possible at a price you can afford while still protecting your assets.
We just showed you a lot of information how to find affordable Mini Cooper insurance in Aurora. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable Mini Cooper insurance quotes. Drivers may even discover the best prices are with a smaller regional carrier. Some small companies can often provide lower rates in certain areas as compared to the big name companies such as Progressive and GEICO.
More detailed insurance information can be found in the articles below:
- Bodily Injury Coverage (Liberty Mutual)
- Who Has Cheap Aurora Car Insurance Rates for a Ford Fusion? (FAQ)
- Who Has Affordable Aurora Auto Insurance for a Ford F-150? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Choosing an Insurance Company (Insurance Information Institute)