How Much Does 2012 FIAT 500 Insurance Cost?

Trying to find the cheapest insurance rates for your FIAT 500? Have you finally had enough of being strong-armed to insure your FIAT every month? You’re in the same situation as the majority of other drivers.

You have so many insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to locate the cheapest rates.

You need to shop coverage around yearly because prices fluctuate regularly. Just because you had the best price for 500 insurance at your last renewal there is a good chance you can find better rate quotes now. Block out anything you think you know about insurance because we’re going to show you the things you must know in order to find better rates and still maintain coverage.

Shopping for the cheapest insurance is easy if you know what you’re doing. In a nutshell, everyone who carries insurance will be able to cut their insurance bill. Although car owners should learn how the larger insurance companies sell insurance online and apply this information to your search.

How insurers calculate FIAT 500 insurance prices

Smart consumers have a good feel for the rating factors that help determine car insurance rates. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get big savings. Many things are considered when quoting car insurance. Some of the criteria are obvious such as traffic violations, although some other factors are not quite as obvious such as your credit history or how financially stable you are.

  • Job reflects on rates – Do you have a high-stress occupation? Occupations like military generalsair traffic controllers and emergency personnel have higher rates than average attributed to intense work-related stress and long work hours. Conversely, jobs like professors, athletes and homemakers generally pay rates lower than average for 500 insurance.
  • Having a spouse is a good thing – Getting married may save some money on your car insurance bill. Having a significant other demonstrates that you tend to be more stable financially and insurance companies reward insureds because married drivers tend to file fewer claims.
  • Cheaper rates by consolidating – The majority of car insurance companies provide discounts to people that have more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you still need to shop around to confirm you are receiving the best rates possible.
  • Costs impacted by your city – Being located in less populated areas can be a good thing when it comes to car insurance. People who live in big cities regularly have much more traffic and more time behind the wheel. Fewer drivers and short commutes corresponds to lower accident rates in addition to fewer liability claims.
  • How much liability – Liability coverage is the protection in the event that a court rules you are at fault for an accident. Liability provides for a legal defense which can cost thousands of dollars. This coverage is relatively inexpensive when compared with rates for comp and collision, so buy as much as you can afford.
  • Keep the miles off and save – The more you drive your FIAT in a year the more you will pay for car insurance. Almost all companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated 500 is throwing money out the window. Ask your agent if your car insurance coverage reflects the correct driver usage.

How to get the cheapest car insurance

The are a couple different ways to compare rate quotes from lots of car insurance companies. The best method to find cheaper 2012 FIAT 500 rates consists of shopping online. This can be done in several different ways.

The most efficient method consumers can analyze rates is to use a rate comparison form like this one (opens in new window). This type of form eliminates the need for a different quote for every company. Completing one form gets insurance cost estimates from several companies.

A more time consuming way to obtain and compare quotes online is to take the time to go to each individual company website and fill out a new quote form. For sake of this example, let’s assume you want to see prices from State Farm, Safeco and GMAC. In order to get each rate, you would have to spend time going to each site individually and repeatedly type in your coverage information, which can take a lot of time. To view a list of companies in your area, click here.

Whichever method you choose, be sure you’re using exactly the same coverage limits for every quote you compare. If you compare different deductibles it will be impossible to find the best deal for your FIAT 500. Just slight variations in coverages may result in large price differences. And when comparing car insurance rates, know that making a lot of price comparisons will increase your chances of finding the best rates.

Insurance advertisements

Insurance providers like Allstate and Progressive regularly use ads on TV and radio. They all say the same thing that people will save after switching your coverage to them. How do they all make almost identical claims?

All companies quote the lowest rates for the driver that earns them the most money. For example, a profitable insured might have to be over the age of 40, has had continuous coverage, and drives a safe vehicle. Someone who fits those characteristics will probably get cheap premium rates and therefore will save money with a new company.

People who fall short of those criteria will be quoted higher rates and this results in business going elsewhere. The ads say “people that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make claims that they all have the best premium rates.

This illustrates why drivers should get as many free auto insurance quotes as possible. It is impossible to guess with any certainty which company will provide the lowest car insurance rates.

Do you qualify for discount auto insurance?

Companies that sell car insurance do not list all possible discounts very clearly, so we took the time to find both the well known and the more hidden discounts you could be receiving when you buy auto insurance online.

  • Early Payment Discounts – By paying your entire bill at once instead of making monthly payments you can avoid the installment charge.
  • First Accident Forgiveness – This one isn’t a discount, but certain companies permit an accident before raising your premiums with the catch being you have to be claim-free before the accident.
  • Discount for Low Mileage – Fewer annual miles on your FIAT could be rewarded with discounted prices on garaged vehicles.
  • Anti-lock Brake Discount – Vehicles that have anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
  • Home Ownership Discount – Just owning your own home can help you save on auto insurance because maintaining a house requires a higher level of personal finance.
  • Life Insurance Discount – Some insurance companies give lower premium rates if you buy a life policy as well.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most cut individual premiums such as medical payments or collision. So even though they make it sound like you could get a free auto insurance policy, you aren’t that lucky.

A list of companies and some of their more popular discounts are outlined below.

  • State Farm offers discounts including multiple policy, defensive driving training, anti-theft, multiple autos, Drive Safe & Save, and student away at school.
  • Geico includes discounts for anti-lock brakes, multi-policy, driver training, seat belt use, anti-theft, daytime running lights, and federal employee.
  • SAFECO policyholders can earn discounts including multi-car, bundle discounts, accident prevention training, teen safe driver, drive less, and homeowner.
  • Farmers Insurance may offer discounts for business and professional, homeowner, teen driver, youthful driver, and good student.
  • AAA discounts include education and occupation, multi-car, multi-policy, good student, and anti-theft.
  • USAA offers discounts for driver training, safe driver, family discount, defensive driver, and annual mileage.

When quoting, ask every company what discounts are available to you. Savings may not apply in your area.

What insurance coverages do I need?

When it comes to choosing the right insurance coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Should I have combined single limit or split liability limits?
  • What is covered by UM/UIM coverage?
  • Do I have coverage if my license is suspended?
  • Is my teenager covered with friends in the car?
  • Do I need to file an SR-22 for a DUI in my state?
  • How much can I save by bundling my policies?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Parts of your auto insurance policy

Having a good grasp of your policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.

Coverage for liability

This coverage can cover damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like legal defense fees, repair costs for stationary objects, court costs and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as vandalism, a broken windshield, fire damage and damage from getting keyed. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM Coverage

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually these coverages do not exceed the liability coverage limits.

Collision coverage

Collision coverage will pay to fix damage to your 500 resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with another moving vehicle, hitting a mailbox, rolling your car, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for surgery, hospital visits and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Spend less. Save more.

In this article, we covered many tips how you can shop for 2012 FIAT 500 insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding inexpensive auto insurance. Consumers could even find that the biggest savings come from a small mutual company. Some small companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as Progressive and Geico.

As you quote auto insurance, do not sacrifice coverage to reduce premiums. There are many occasions where someone dropped full coverage and discovered at claim time that it was a big mistake. The proper strategy is to buy a smart amount of coverage at the best price and still be able to protect your assets.

Additional insurance information is available at these links: