Cheaper 2013 FIAT 500 Insurance Cost

Trying to find better insurance coverage rates for your FIAT 500? Being forced to pay for overpriced insurance coverage premiums can dry up your personal savings and force you to prioritize other expenses.

Many car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a company and uncover the absolute best price available.

It’s a great practice to get comparison quotes every six months since insurance prices are rarely the same from one policy term to another. If you had the best deal for 500 insurance last year a different company probably has better rates today. Forget anything you know (or think you know) about insurance coverage because you’re going to learn the tricks you need to know to save money, get proper coverage and the best rates.

Get cheap car insurance quotes with discounts

Insuring your fleet can be pricey, but there could be significant discounts that could drop your premiums quite a bit. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be inquired about in order for you to get them.

  • Military Rewards – Being deployed in the military could trigger a small discount.
  • Discount for Good Grades – Excelling in school may save you up to 25%. Many companies even apply the discount to college students until age 25.
  • Own a Home – Being a homeowner can earn you a little savings due to the fact that maintaining a home is proof of financial responsibility.
  • Early Renewal Discounts – Select larger companies give a discount for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts could see savings of 25 to 30%.
  • Federal Employees – Simply working for the federal government could cut as much as 10% off for 500 insurance depending on your company.
  • Responsible Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for 500 insurance than drivers with accidents.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save a little on medical payment and PIP coverage.

Discounts lower rates, but most credits do not apply the the whole policy. Some only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way.

Companies and a selection of discounts are detailed below.

  • State Farm may have discounts that include anti-theft, defensive driving training, Steer Clear safe driver discount, safe vehicle, student away at school, and driver’s education.
  • American Family offers premium reductions for bundled insurance, good driver, air bags, multi-vehicle, defensive driver, Steer into Savings, and early bird.
  • AAA includes discounts for education and occupation, good driver, AAA membership discount, pay-in-full, good student, and multi-car.
  • Geico has savings for membership and employees, anti-theft, good student, military active duty, five-year accident-free, defensive driver, and air bags.
  • Mercury Insurance discounts include location of vehicle, low natural disaster claims, annual mileage, multi-policy, and anti-theft.
  • Farmers Insurance may include discounts for good student, switch companies, teen driver, electronic funds transfer, and multi-car.
  • Progressive has discounts for homeowner, continuous coverage, multi-policy, online quote discount, good student, multi-vehicle, and online signing.

Before you buy a policy, ask each insurance company how many discounts you can get. Savings might not apply in your area. To choose insurance companies with the best discounts, click here to view.

Finding insurance coverage

To find more affordable quotes, there are a couple of ways to obtain and compare prices from lots of insurance coverage companies. The simplest method to comparison shop consists of obtaining rate quotes online. It’s really quite simple and can be done by using one of the methods below.

The most recommended method consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form prevents you from having to do separate forms for every company. A single, simple form will get you rate comparisons from insurance coverage companies with the best prices.

A slightly less efficient method to find more affordable insurance requires a trip to the website for each individual company and complete a new quote form. For instance, let’s assume you need rates from Progressive, Allstate and Geico. You would have to navigate to each company’s site to enter your coverage information, which can get old fast.

For a list of companies in your area, click here.

The last method to compare price estimates is to drive around to local insurance agencies. Comparing online rate quotes eliminates the middleman unless you’re the type of person who wants the trained advice of a local agency. It is possible to compare online quotes and have a local agent actually service the policy.

Take whichever approach you prefer, but make darn sure you compare exactly the same coverage data for each comparison quote. If you enter different values for each quote it will be nearly impossible to truly determine the lowest rate. Just a small difference in insurance coverages or limits could skew the results. And when price shopping your coverage, obtaining a wide range of quotes increases the change that you will find better pricing. Some insurance companies are not set up to provide price estimates online, so it’s important to also get prices on coverage from those companies, too.

How insurers determine FIAT 500 insurance costs

It’s important that you understand some of the things that come into play when calculating the price you pay for insurance coverage. If you understand what determines base rates, this allows you to make educated decisions that can help you get much lower annual insurance costs. Many things are used in the calculation when quoting car insurance. Most are fairly basic like an MVR report, but others are more obscure such as whether you are married or your financial responsibility.

The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set your rates.

  • Stay claim-free and save money – If you’re an insured who likes to file claims you can expect much higher rates or policy non-renewal. Car insurance companies generally give discounts to drivers who are not frequent claim filers. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Discounts for multiple policies – Most companies provide discounts to clients who buy several policies from them such as combining an auto and homeowners policy. The amount of the discounts can be ten percent or more. Even if you’re getting this discount you still need to get quotes from other companies to make sure you are getting the best deal.
  • Rates increase with driving citations – Drivers with clean records have lower premiums as compared to those with violations. Having just one driving citation can increase rates twenty percent or more. People who have severe violations like DUI or willful reckless driving are required to prove financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.
  • Advanced GPS tracking and theft deterrents – Owning a car with anti-theft technology or alarm system can get you a discount on your insurance coverage. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.
  • If you don’t need it don’t buy it – There are quite a few extra bells and whistles that may not really be needed on your 500 policy. Coverages like rental car coverage, better glass coverage, and motor club memberships are examples of these. They may sound like good ideas when you first buy your policy, but your needs may have changed so remove them from your policy.
  • Single drivers take more risk – Having a wife or husband may earn you lower rates when shopping for insurance coverage. It is viewed as being more financially stable and insurance companies like that married drivers get in fewer accidents.
  • Safer cars are cheaper to insure – Cars with five star safety ratings can get you lower premiums. These vehicles help reduce the chance of injuries in an accident and any reduction in injury severity translates directly to fewer claims and lower rates for you.
  • The higher your credit rating the lower your costs – Having a bad credit score is a big factor in determining premium rates. Insureds that have good credit tend to file fewer claims than drivers who have poor credit scores. So if your credit history is not that good, you could potentially save money when insuring your 2013 FIAT 500 if you clean up your credit.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions can aid in determining whether you could use an agent’s help.

  • Am I covered if I drive in a foreign country?
  • Is upholstery damage covered by car insurance?
  • Does liability extend to a camper or trailer?
  • Why do I only qualify for high-risk insurance?
  • Is my cargo covered for damage or theft?
  • Who is covered by my policy?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance policy coverages for a FIAT 500

Having a good grasp of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your FIAT 500.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as colliding with a tree, crashing into a ditch, hitting a mailbox, colliding with another moving vehicle and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like a broken windshield, damage from getting keyed, fire damage, hitting a bird and hail damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

This coverage will cover damage that occurs to a person or their property. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for things like structural damage, repair bills for other people’s vehicles, funeral expenses and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as EMT expenses, chiropractic care and doctor visits. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

One last thing

Some companies don’t offer online price quotes and most of the time these small insurance companies only sell through independent agents. Discount 2013 FIAT 500 insurance is possible online and with local insurance agents, and you should be comparing both in order to have the best price selection to choose from.

We covered a lot of techniques to compare 2013 FIAT 500 insurance rates online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from some of the lesser-known companies. These companies may often insure only within specific states and give getter rates compared to the large companies like State Farm, Geico and Nationwide.

Additional insurance coverage information is located below: