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It's a good idea to compare quotes from several insurance providers to find the best MINI Electric insurance prices. Insurers will consider a number of factors when determining your auto insurance premiums. The cost of MINI Electric car insurance can vary between insurance providers depending on your MINI Electric’s model year.

Key Takeaways for MINI Electric Insurance

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On average, MINI Electric car insurance costs $1,386 annually, which is roughly $41 less than the national average across all car models.

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The cost of insurance for a MINI Electric can vary by $854 per year depending on your insurance company.

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The cost of insurance for a MINI Electric varies according to the model and year, with older MINI Electrics having lower rates.

How Much It Costs to Insure a MINI Electric and the Cheapest Company

The insurance provider you choose for your MINI Electric can have a considerable impact on your premiums. The average cost of insurance for a MINI Electric is $1,386.

MoneyGeek found that USAA is the cheapest car insurance company for a MINI Electric and costs an average of $1,060 annually. This is $854 less than Allstate, the most expensive provider.

However, USAA is only available to military families. Progressive is the cheapest widely available insurer and charges an average of $1,105 per year.

The Average Annual Cost of MINI Electric Insurance by Company

MoneyGeek used a sample driver profile of a 40-year-old male to collect data on insurance provider pricing. In this case, the driver's liability insurance is 100/300/100, with comprehensive and collision coverage as well.

The Average Cost to Insure a MINI Electric by Company

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Is a MINI Electric Expensive to Insure?

Insurance companies use a variety of factors to determine the cost of auto insurance for a MINI Electric model. Among these are the likelihood of the vehicle being stolen, the odds of it being involved in an accident, the driver's driving history, the driver's age and more.

A MINI Electric has moderate insurance premiums because of the value of the vehicle, repair costs and theft rates.

The Best Car Insurance Company for a MINI Electric

When it comes to MINI Electric car insurance, price should not be your only consideration. MoneyGeek’s rating system evaluated customer complaints, affordability, customer satisfaction and financial stability and found that:

  • USAA is the best vehicle insurance company for a MINI Electric. But, USAA is only available to military personnel and their families.
  • Progressive is the second-best insurance provider for a MINI Electric.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
Progressive
Score:88

4.9/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

3
State Farm
Score:85

4.5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
GEICO
Score:84

4.5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Nationwide
Score:82

4.2/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Allied
Score:NaN

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

7
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a MINI Electric by Model Year

Older versions of a MINI Electric tend to be cheaper to insure because, as a car’s value depreciates, collision and comprehensive insurance become less expensive as well. A 2021 MINI Electric model's average insurance premium is $1,386.

Various insurance companies may provide different rates depending on the MINI Electric model year. At $1,060 per year, USAA is the lowest insurer for the 2021 MINI Electric. However, military members and their families are the only ones who are eligible to use USAA.

You can select your MINI Electric model year below to see rates from different insurance companies.

The Average Cost to Insure a MINI Electric by Model Year

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How Expensive Is It to Insure a MINI Electric Compared to Other Cars?

The MINI Electric has a moderate insurance cost when compared to other car models. MINI Electric insurance costs $1,386 per year on average, which is $41 less than the average for all car models.

How Much It Costs to Insure a MINI Electric for 16- to 25-Year-Olds

Due to their lack of experience and increased likelihood of being involved in an accident, younger drivers pay much more than adult drivers.

A MINI Electric policy costs $3,137 more per year for an 18-year-old driver than a policy for a 40-year-old driver. A MINI Electric insurance policy for an 18-year-old costs $4,523 per year.

Instead of getting their own MINI Electric insurance, young drivers can save money by being on their parents' coverage.

The following table shows the cost of car insurance for a young driver between the ages of 16 and 25.

The Average Cost to Insure a MINI Electric by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,798
  • 17
    $5,136
  • 18
    $4,523
  • 19
    $3,239
  • 20
    $2,891
  • 21
    $2,289
  • 22
    $2,108
  • 23
    $1,929
  • 24
    $1,811
  • 25
    $1,643
  • 40
    $1,386

How Does Location Affect the Cost of MINI Electric Insurance?

The costs in this article are based on the national average. However, your location can have an impact on your car insurance premiums. You can learn more about the cost of car insurance in each state using our state page analysis.

FAQs About MINI Electric Insurance

The year and model of your car can have a significant impact on the cost of your insurance, but it is only one of the numerous factors that insurers take into account. Here are some frequently asked questions regarding MINI Electric insurance.

Read More About Car Insurance

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.