Lower Your 2014 FIAT 500 Car Insurance Cost

Trying to find better insurance prices for a FIAT 500 can turn out to be a painful process, but you can learn a few tricks to save time.

There are more efficient ways to find insurance online and you need to know the quickest way to get price quotes for a new or used FIAT and get the lowest price from both online companies and local agents.

It’s a good habit to get comparison quotes occasionally because rates fluctuate regularly. Even if you got the lowest rates for 500 coverage a few years ago you can probably find a better price now. Block out anything you think you know about insurance because you’re about to find out the best methods to find the best coverage while lowering your premiums.

Pricing more affordable auto insurance can be fairly easy. If you have insurance now or are looking for a new policy, you can follow these tips to find the best rates and possibly find even better coverage. Consumers only need to know the most effective way to compare price quotes over the internet.

Cut your auto insurance rates with discounts

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that many people don’t even know exist. Most are applied at the time of purchase, but some may not be applied and must be specially asked for prior to getting the savings. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Multi-car Discount – Insuring more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • Sign Early and Save – Select companies give a discount for signing up prior to your current policy expiration. It can save you around 10%.
  • New Car Discount – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.
  • Own a Home – Owning a home can help you save on auto insurance due to the fact that maintaining a home is proof that your finances are in order.
  • E-sign – Certain companies will give a small break for buying your policy digitally online.
  • Multi-policy Discount – When you have multiple policies with one company you will save approximately 10% to 15%.
  • Organization Discounts – Participating in a professional or civic organization could trigger savings when shopping for auto insurance for 500 coverage.
  • Drive Less and Save – Low mileage vehicles can qualify you for discounted rates on garaged vehicles.
  • College Student – Kids in college living away from home attending college and do not have a car may qualify for this discount.

It’s important to understand that some of the credits will not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, you’re out of luck. Any qualifying discounts will bring down your overall premium however.

For a list of insurance companies offering auto insurance discounts, follow this link.

You are unique and your car insurance should be too

When choosing proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions might help in determining if your situation might need professional guidance.

  • How much liability coverage do I need in my state?
  • How high should my uninsured/underinsured coverage be in my state?
  • Should I get collision insurance on every vehicle?
  • If I drive on a suspended license am I covered?
  • Do I pay less if my vehicle is kept in my garage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I get a multi-policy discount?
  • Does my 2014 FIAT 500 qualify for pleasure use?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can help protect your family.

Ads can be misleading

Consumers constantly see and hear ads for car insurance savings from the likes of Allstate, Geico and Progressive. All the ads have a common claim that you can save after switching your coverage to them.

But how can every company make almost identical claims? It’s all in the numbers.

All companies can use profiling for the type of driver that is profitable for them. A good example of a driver they prefer could possibly be over the age of 40, has no tickets, and drives newer vehicles. A customer getting a price quote who fits that profile will qualify for the lowest rates and as a result will probably save when switching.

Potential insureds who don’t qualify for the requirements will be quoted a higher premium which leads to the driver buying from a lower-cost company. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. That’s why insurance companies can confidently advertise the way they do.

This emphasizes why it’s extremely important to get a wide range of price quotes. Because you never know the company that will provide you with the cheapest FIAT 500 insurance rates.

Insurance coverages explained

Understanding the coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like falling objects, vandalism, damage from flooding, a tree branch falling on your vehicle and theft. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability – Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as emergency aid, court costs, loss of income and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage – This pays for damage to your 500 resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with a tree, scraping a guard rail, hitting a parking meter, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your FIAT 500.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for bills like hospital visits, chiropractic care and surgery. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Be Smart and Buy Smart

Cheap 2014 FIAT 500 insurance can be found on the web and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

Insureds change insurance companies for many reasons like not issuing a premium refund, policy non-renewal, questionable increases in premium and even policy cancellation. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.

When shopping online for car insurance, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find for the lowest price while still protecting your assets.

Much more information about car insurance can be found at these links: