Save on 2017 FIAT 124 Spider Insurance Cost

No one in their right mind loves paying for auto insurance, especially knowing they could get a better deal. Due to the increasing number of options, it is hard for the average consumer to locate the right auto insurance company.

You should make it a habit to quote other rates on a regular basis because auto insurance prices go up and down regularly. Even if you think you had the lowest price on 124 Spider insurance a few years ago a different company probably has better rate quotes today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the easiest ways to buy cheaper auto insurance.

How do insurance providers determine FIAT 124 Spider insurance costs?

Lots of things are part of the calculation when pricing auto insurance. Some are obvious such as your driving history, although some other factors are less apparent like your vehicle usage or how financially stable you are.Consumers need to have an understanding of a few of the rating criteria that help determine the rates you pay for insurance coverage. When you know what positively or negatively influences your rates, this enables informed choices that may reward you with cheaper rates.

  • Cheaper rates after marriage – Having a wife or husband can get you a discount on your policy. Marriage is viewed as being more mature it has been statistically shown that being married results in fewer claims.
  • Physical damage deductibles – Protection for physical damage, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some examples of claims that would be covered are a broken windshield, flood damage, and damage caused by flying debris. The deductibles you choose define how much the insured will be required to pay in the event of a claim. The more you choose to pay out-of-pocket, the bigger discount you will receive on 124 Spider insurance.
  • How’s your driving record? – Getting just one speeding ticket could increase your next policy renewal substantially. Careful drivers pay less for auto insurance compared to bad drivers. Drivers with careless citations such as reckless driving or DUI may be required to complete a SR-22 to the state department of motor vehicles in order to prevent a license revocation.
  • Gaps in coverage mean higher premiums – Not maintaining insurance is against the law and companies may charge more for letting your insurance lapse. Not only will you pay higher rates, not being able to provide proof of insurance could earn you a hefty fine and possibly a revoked license. Then you may be required to file a SR-22 with your state DMV.

Compare quotes for insurance coverage

Cutting your insurance coverage rates is not a difficult process. All you need to do is invest a few minutes to compare rate quotes from different insurance companies. It’s really simple and can be done using one of these methods.

  1. One of the best ways to get quotes is a comparison rater form (click to open form in new window). This type of form keeps you from doing repetitive form submissions for each company you want a rate for. Completing one form gets coverage cost estimates direct from many companies.
  2. Another way to analyze rates is to take the time to go to each company’s website and fill out their own quote form. For examples sake, we’ll pretend you want to see prices from State Farm, Progressive and Farmers. To find out each rate you need to navigate to each company’s site to enter the same coverage data repeatedly, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The most difficult way of getting rate comparisons is driving to different agent offices. The fact that you can get quotes online eliminates this option unless you want the personal advice only provided by licensed agents. You can, however, compare the best prices online but buy from a local insurance agent.

It doesn’t matter which method you choose, just do your best to enter exactly the same coverage limits and deductibles with every price quote. If you have different limits and deductibles on each one you can’t possibly truly determine the lowest rate.

Can switching companies really save?

Consumers get pounded daily by advertisements that promise big savings for switching by companies like State Farm, Allstate and Geico. They all seem to make the same claim about savings if you get a free insurance quote and switch your coverage to them.

How do they all make almost identical claims?

Most companies have strict underwriting profiles for the type of customer that earns them the highest profit. An example of a profitable customer might have to be between 30 and 50, owns a home, and has a high credit rating. A customer getting a price quote who matches that profile will qualify for the lowest rates as well as save a lot if they switch.

Insureds who fall outside these criteria will have to pay higher rates with the end result being the customer buying from a different company. The trick companies use is to say “people that switch” not “everyone that quotes” save that much money. This is how insurance companies can make the claims of big savings.

Different companies use different criteria so drivers must get as many free insurance quotes as possible. It is just not possible to predict which insurance company will fit your personal profile best.

Do you qualify for discounts?

Companies offering auto insurance don’t list every disount available very well, so below is a list both well-publicized and also the lesser-known insurance coverage savings.

  • Data Collection Discounts – Insureds who allow driving data collection to spy on where and when they drive by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they are good drivers.
  • Early Switch Discount – Some companies give discounts for switching policies prior to your current policy expiration. This discount can save up to 10%.
  • Military Rewards – Being deployed in the military may qualify for rate reductions.
  • Good Grades Discount – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up to age 25.
  • Resident Student – Children who attend college more than 100 miles from home and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Theft Deterent – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and will save you 10% or more.
  • Accident Forgiveness Coverage – Not really a discount, but a handful of insurance companies will let one accident slide without getting socked with a rate hike with the catch being you have to be claim-free for a particular time prior to the accident.
  • Payment Method – By paying your policy upfront instead of making monthly payments you may have a lower total premium amount.
  • Air Bags and Passive Restraints – Cars that have air bags can receive discounts of more than 20%.
  • Paperless Signup – Some of the larger companies will provide an incentive for signing up over the internet.

One last thing about discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. Even though it appears all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will bring down the premium cost.

Larger insurance coverage companies and their offered discounts are detailed below.

  • State Farm offers discounts for multiple policy, student away at school, accident-free, anti-theft, Drive Safe & Save, and defensive driving training.
  • Esurance offers discounts including anti-lock brakes, claim free, good driver, paid-in-full, homeowner, Switch & Save, and anti-theft.
  • Progressive discounts include homeowner, online signing, online quote discount, multi-vehicle, and good student.
  • Liberty Mutual includes discounts for newly retired, safety features, good student, newly married, preferred payment discount, and new move discount.
  • Auto-Owners Insurance has discounts for multi-policy, student away at school, mature driver, safe driver, and anti-theft.
  • Geico has savings for military active duty, anti-theft, daytime running lights, multi-policy, and seat belt use.

Before buying, ask each company or agent which discounts can lower your rates. A few discounts might not be offered everywhere. To locate insurers that have a full spectrum of discounts, click here to view.

Don’t assume everyone needs the same car insurance coverage

When buying adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions might point out whether you might need professional guidance.

  • Do I have any recourse if my insurance company denies a claim?
  • What is covered by UM/UIM coverage?
  • Am I covered when pulling a rental trailer?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is an SR-22 filing?
  • How do I buy GAP insurance?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Coverages available on your policy

Understanding the coverages of your insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average insurance policy.

Liability car insurance

This provides protection from damage or injury you incur to people or other property by causing an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as structural damage, medical expenses and attorney fees. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive protection

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a deer, fire damage and rock chips in glass. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like ambulance fees, prosthetic devices, dental work, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as scraping a guard rail, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your FIAT 124 Spider.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.

Never pay more for less

We covered many ways to reduce 2017 FIAT 124 Spider insurance rates online. The key concept to understand is the more companies you get car insurance rates for, the higher the chance of saving money. Consumers may even find the most savings is with the least-expected company. These smaller insurers may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as Allstate or State Farm.

There are still a few companies who do not provide rate quotes online and usually these regional carriers only sell through independent insurance agencies. Discount 2017 FIAT 124 Spider insurance can be bought from both online companies as well as from independent agents, and you need to price shop both so you have a total pricing picture.

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