2016 FIAT 500 Insurance Cost – 10 Tips for Cheaper Prices

Trying to find lower car insurance rates? Buyers have options when searching for affordable FIAT 500 insurance. You can either spend your time struggling with agents to compare prices or leverage the internet to make rate comparisons.

There is a right way and a wrong way to find car insurance online so we’re going to tell you the best way to compare rates for a new or used FIAT and get the lowest possible price.

Smart consumers take time to take a look at other company’s rates as often as possible due to the fact that insurance prices fluctuate regularly. Despite the fact that you may have had the best price for 500 coverage at your last renewal you will most likely find a better rate today. Block out anything you think you know about car insurance because you’re about to find out the tricks you need to know to find better coverage at a better price.

How to find low cost insurance coverage

All the larger insurance coverage companies give insurance quotes direct online. Getting prices online can be done by anyone because it’s just a matter of typing in your coverage information into the form. Once entered, their rating system obtains your credit score and driving record and generates pricing information based on the information you submitted.

This makes it simple to compare prices but the time required to go to a lot of sites and type in your information is monotonous and tiresome. But it’s absolutely necessary to get many rate quotes if you want to find the lowest price.

A less time-consuming method to compare rates utilizes a single form that gets prices from many companies. This type of form saves time, eliminates repetitive work, and makes online quotes a little more enjoyable. Immediately after you send the form, your coverage is rated and you are able to buy any of the quote results.

If the quotes result in lower rates, you can simply submit the application and purchase coverage. This process can be completed in less than 10 minutes and can result in significant savings.

To get comparison pricing now, simply click here to open in new window and complete the simple form. If you have coverage now, it’s recommended that you enter the coverages exactly as they are listed on your policy. This makes sure you will receive a fair comparison for exact coverage.

Lower rates by qualifying for these ten discounts

Some providers do not advertise every available discount very clearly, so the following is a list of a few of the more common and the more hidden discounts you could be receiving when you buy insurance online.

  • Resident Student – Kids living away from home attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Payment Method – By making one initial payment instead of paying each month you can avoid the installment charge.
  • Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
  • Senior Citizen Rates – Drivers over the age of 55 can possibly qualify for a small discount on rates for 500 coverage.
  • Lower Rates for Military – Having a deployed family member can result in better insurance rates.
  • Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% on medical payment and PIP coverage.
  • Membership in Organizations – Joining certain professional organizations could trigger savings on your next renewal.
  • Low Miles Discount – Low annual miles could qualify for better premium rates on cars that stay parked.
  • Multi-line Discount – Select insurance companies reward you with a small discount if you purchase life insurance from them.
  • Responsible Driver Discounts – Accident-free drivers can get discounts for up to 45% lower rates for 500 coverage compared to accident prone drivers.

Don’t be shocked that some credits don’t apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you can get free auto insurance, insurance companies wouldn’t stay in business.

A few companies that have some of the discounts shown above possibly include:

Before purchasing a policy, check with each insurance company to give you their best rates. Some of the earlier mentioned discounts might not be offered on policies everywhere.

Insurance is unique, just like you

When it comes to buying the right insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions can aid in determining if your situation would benefit from an agent’s advice.

  • Am I getting all the discounts available?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I have coverage if my license is suspended?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I get a multi-policy discount?
  • Do I need an umbrella policy?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What companies insure drivers after a DUI or DWI?
  • Is my teenager covered with friends in the car?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.

Auto insurance coverage breakdown

Understanding the coverages of auto insurance helps when choosing the best coverages for your vehicles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your FIAT 500.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability auto insurance

This provides protection from injuries or damage you cause to a person or their property. It protects you against claims from other people, and does not provide coverage for 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 might see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things such as bail bonds, funeral expenses, emergency aid, repair costs for stationary objects and legal defense fees. How much coverage you buy is your choice, but buy higher limits if possible.

Collision coverage

This coverage covers damage to your 500 from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as rolling your car, backing into a parked car, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for immediate expenses for things like hospital visits, nursing services and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive protection

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hail damage, a broken windshield, hitting a bird and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Knowledge is power

Consumers who switch companies do it for a number of reasons such as questionable increases in premium, delays in paying claims, unfair underwriting practices and lack of trust in their agent. Regardless of your reason, finding a new car insurance company is pretty simple and you could end up saving a buck or two.

We just covered some good ideas how you can get a better price on 2016 FIAT 500 insurance. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. You may even discover the best prices are with a small local company.

Budget-conscious 2016 FIAT 500 insurance can be found both online as well as from insurance agents, so you need to shop insurance with both so you have a total pricing picture. Some insurance providers do not offer the ability to get quotes online and many times these smaller companies only sell through independent agencies.

To read more, feel free to browse the following helpful articles: