Car Insurance Rates for a Mini Cooper in Nashville

Truthfully, the best way to find affordable quotes for car insurance rates is to begin comparing prices regularly from insurance carriers who provide car insurance in Nashville.

1. Read about auto insurance and the modifications you can make to prevent expensive coverage. Many things that are responsible for high rates such as at-fault accidents, careless driving, and a low credit score can be eliminated by being financially responsible and driving safely. Continue reading for additional tips to help prevent costly coverage and find available discounts that you may qualify for.
2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote rates for many different companies.
3. Compare the new rate quotes to your current policy premium to determine if you can save on Cooper insurance. If you can save money and decide to switch, make sure there is no lapse in coverage.
4. Notify your company or agent to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to the new company. Once the application is submitted, keep the new proof of insurance paperwork with the vehicle registration.

An important note is to use identical limits and deductibles on every quote and and to get price estimates from as many auto insurance providers as possible. Doing this ensures a fair price comparison and the best rate selection.

It’s amazing but most car insurance buyers kept their policy with the same company for over three years, and nearly 40% of drivers have never even compared quotes to find affordable rates. Tennessee insurance shoppers can cut their rates by about $500 a year, but most just don’t grasp the benefits if they just switched companies.

Just remember that comparing more prices increases the chance that you will find a lower rate.

The providers in the list below have been selected to offer comparison quotes in Nashville, TN. To buy the best cheap car insurance in Nashville, we recommend you visit two to three different companies to find the lowest auto insurance rates.

Auto insurance discounts are available to cut your rates

Car insurance is not cheap, but companies offer discounts that many people don’t even know exist. Many of these discounts will be applied automatically when you complete an application, but some discounts are required to be requested specifically before they will apply.

• Paperless Signup – Some of the larger companies will discount your bill up to fifty bucks for signing up on their website.
• Military Discounts – Having a deployed family member could mean lower auto insurance rates.
• Distant Student – Kids who live away from home at college without a vehicle on campus can receive lower rates.
• Federal Employees – Employees or retirees of the government can earn a discount up to 10% with some auto insurance companies.
• Renewal Discounts – Select larger companies give a discount for switching to them early. Ten percent is about the average savings.
• Student Discount for Driver Training – Cut your cost by having your teen driver enroll and complete driver’s education in school or through a local driver safety program.
• Seat Belt Discounts – Forcing all vehicle occupants to fasten their seat belts can save 10% or more on the medical payments or PIP coverage costs.

You can save money using discounts, but some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

The diagram below illustrates the comparison of Mini Cooper insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, full physical damage 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.

To see companies offering auto insurance discounts in Tennessee, click this link.

Rates and detailed analysis

The rate information below covers detailed analysis of coverage prices for Mini Cooper models. Having a better understanding of how insurance policy premiums are established can aid in making smart buying decisions.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in Nashville location which can modify coverage rates considerably.

Deductible comparison

One of the most common insurance questions is what deductibles to buy. The following tables sum up the differences in price between high and low physical damage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in zip code location which can impact rates noticeably.

Based on these figures, using a $250 deductible could cost the average driver approximately $13 more each month or $156 for a full year averaged for all Cooper models than choosing the higher $500 deductible. Because you would be required to 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 19 months between claims, you would save more money by going with a higher deductible.

An important thing to remember is that raising deductibles to save money results in a higher out-of-pocket expense if you have a claim. That will require enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

What is the best auto insurance company in Tennessee?

Insuring your vehicle with the best auto insurance company can be a challenge considering how many different companies sell coverage in Nashville. The ranking information shown next could help you choose which coverage providers you want to consider comparing rates with.

Top 10 Nashville Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance

How Insurance Companies Determine Mini Cooper Insurance Rates

Many things are used when you get a price on insurance. Some are obvious like your driving record, although some other factors are more transparent like your continuous coverage or your vehicle rating. An important part of buying insurance is that you know the rating factors that aid in calculating auto insurance rates. If you know what determines base rates, this helps enable you to make changes that may result in lower premium levels.

• Does your vocation raise your prices? – Do you work in a high-stress field? Jobs such as fire fighters, airline pilots, and financial analysts generally have the highest rates attributed to intense work requirements and lengthy work days. On the other hand, occupations such as farmers, athletes and the unemployed generally pay rates lower than average.
• Prevent your car from being stolen – Driving a car with a theft deterrent system can help lower your premiums. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent your vehicle from being stolen.

• Gender and insurance – Over the last 50 years, statistics have shown females are less aggressive when driving. However, don’t assume that males are worse at driving than females. Males and females are responsible for fender benders in similar percentages, but the males have accidents that have higher claims. In addition to higher claims, males also get more serious tickets like DWI (DUI) or reckless driving. Young males tend to get in the most accidents so they pay the highest premiums.

  The example below illustrates the difference between Mini Cooper insurance prices for male and female drivers. The information is based on no accidents or driving violations, comp and collision included, $100 deductibles, drivers are not married, and no discounts are applied.

• Vehicles with better crash test results cost less to insure – Safer cars tend to have better insurance rates. These vehicles reduce injuries and lower injury rates translates into savings for insurance companies which can mean better rates for you.
• Rates impacted by vehicle usage – The more you drive every year the more you will pay for auto insurance. Almost all companies rate vehicles based upon how you use the vehicle. Autos not used for work or commuting get more affordable rates than cars that get driven a lot. Having the wrong rating on your Cooper is throwing money out the window. It’s a smart idea to ensure your auto insurance policy is rated on the right rating data.

• More performance means more cost – The type of vehicle you drive makes a big difference in your car insurance bill. The cheapest rates are usually for economy passenger models, but there are many factors that impact the final cost.

  The following chart assumes a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The chart compares Mini Cooper car insurance rates compared to other vehicles that have a range of performances.

• Mini Cooper claim statistics – Auto insurance companies include the past claim trends for vehicles when they set coverage costs for each model. Models that the statistics show to have a trend towards higher claim severity or frequency will cost more for specific coverages. The table shown below demonstrates the insurance loss data used by companies for Mini Cooper vehicles.

  For each type of coverage, the statistical loss for all vehicles combined as an average equals 100. Percentage values below 100 suggest a better than average loss history, while numbers that are greater than 100 point to more losses or statistically larger claims.

  
  

  Mini Cooper Insurance Loss Statistics

  Vehicle 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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years