2018 FIAT 124 Spider Insurance Cost – 8 Tips to Save

There isn’t a single person who anticipates paying for insurance coverage, particularly when it costs too dang much.

Big-name insurance companies like Allstate and Progressive continually bombard you with catchy ads and consumers find it hard to ignore the flashy ads and find the best price available.

Consumers need to do rate comparisons quite often because rates fluctuate regularly. Just because you found the best deal for 124 Spider insurance last year you can probably find a lower rate today. Forget all the misinformation about insurance coverage because we’re going to show you one of the quickest ways to reduce your cost while increasing coverage.

Save with these eight discounts

Not many people think insurance is cheap, but you may be missing some discounts to help offset the cost. Some discounts apply automatically when you complete an application, but less common discounts must be specifically requested in order for you to get them.

  • ABS Brakes – Cars that have steering control and anti-lock brakes can reduce accidents so companies give up to a 10% discount.
  • Student Driver Training – Teen drivers should complete a driver education course as it will make them better drivers and lower rates.
  • Paper-free Discount – A handful of car insurance companies may give you up to $50 for signing up online.
  • Good Grades Discount – This discount can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
  • Air Bag Discount – Vehicles equipped with air bags can qualify for discounts of up to 25% or more.
  • Defensive Driving Course – Taking time to complete a defensive driver course could save 5% or more depending on where you live.
  • Accident Waiver – This one is not really a discount per se, but companies like State Farm and Geico may permit one accident without raising rates as long as you don’t have any claims for a set time period.
  • Save over 55 – If you qualify as a senior citizen, you could receive better car insurance rates for 124 Spider insurance.

Keep in mind that most discount credits are not given to the overall cost of the policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, it just doesn’t work that way. But all discounts will lower your premiums.

The best car insurance companies and a summarized list of policyholder discounts can be found below.

  • Esurance may have discounts that include paid-in-full, defensive driver, multi-policy, online quote, online shopper, and multi-car.
  • The Hartford discounts include bundle, defensive driver, driver training, vehicle fuel type, air bag, good student, and anti-theft.
  • AAA offers premium reductions for anti-theft, good student, multi-policy, pay-in-full, and education and occupation.
  • Geico offers discounts including military active duty, emergency military deployment, good student, multi-vehicle, and federal employee.
  • State Farm may offer discounts for passive restraint, good student, defensive driving training, student away at school, Drive Safe & Save, accident-free, and multiple autos.

Before you buy a policy, ask each company how many discounts you can get. A few discounts may not be available in your area. To see insurers that can offer you the previously mentioned discounts, click this link.

The method we recommend to compare insurance rates in your area utilizes the fact most larger insurance companies pay for the opportunity to quote your coverage. All consumers are required to do is spend a couple of minutes providing details like your education level, the type of vehicles you drive, an estimate of your credit level, and if it has an alarm system. Your rating data gets sent immediately to many of the top insurers and you receive quotes instantly to find the best rate.

Special considerations

When choosing the right insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that could help you determine whether you would benefit from an agent’s advice.

  • Do I need motorclub coverage?
  • Is upholstery damage covered by car insurance?
  • Is my ex-spouse still covered by my policy?
  • Does my policy cover my teen driver if they drive my company car?
  • What is PIP insurance?
  • Should I have combined single limit or split liability limits?
  • Is my babysitter covered when using my vehicle?
  • Is a new car covered when I drive it off the dealer lot?
  • What is roadside assistance coverage?
  • Does my car insurance cover rental cars?

If you can’t answer these questions, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

The coverage is in the details

Learning about specific coverages of your auto insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average auto insurance policy.

Coverage for collisions

This will pay to fix damage to your 124 Spider resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, backing into a parked car, driving through your garage door, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for immediate expenses like prosthetic devices, rehabilitation expenses and dental work. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Coverage for liability

This coverage can cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like repair bills for other people’s vehicles, emergency aid and attorney fees. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, rock chips in glass and a broken windshield. 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 it’s not worth carrying full coverage.

Have money to burn

When you buy insurance coverage online, it’s very important that you do not reduce needed coverages to save money. In too many instances, consumers will sacrifice collision coverage and learned later that the small savings ended up costing them much more. The goal is to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

We just showed you some good ideas how you can compare 2018 FIAT 124 Spider insurance premium rates online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding the cheapest insurance coverage. Drivers may discover the best price on auto insurance is with a company that doesn’t do a lot of advertising. Regional companies often have lower prices on specific markets as compared to the big name companies such as Allstate or State Farm.

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