How Much Does 2015 FIAT 500 Car Insurance Cost?

Want better insurance rates? Drivers have many options when trying to find the best price on FIAT 500 insurance. You can either waste hours struggling with agents getting price quotes or utilize the internet to compare rates. There is a right way and a wrong way to shop for insurance and you need to know the best way to get price quotes on a FIAT and obtain the cheapest rates.

What determines your FIAT 500 insurance premium

It’s important that you understand the different types of things that help determine the price you pay for insurance coverage. Knowing what impacts premium levels allows you to make educated decisions that could result in big savings.

The following are some of the factors companies use to determine premiums.

  • High credit ratings translate to low rates – Your credit rating is a large factor in determining what you pay for insurance coverage. Consumers who have good credit tend to be less risk to insure than drivers who have poor credit. If your credit history can use some improvement, you could pay less to insure your 2015 FIAT 500 by repairing your credit.
  • High numbers of claims are not good – Companies give better rates to people who are claim-free. If you frequently file small claims, you can expect higher rates. Car insurance is designed for the large, substantial claims.
  • Multiple policies with one company can save – Some insurers provide better rates to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to five, ten or even twenty percent. Even if you’re getting this discount you may still want to shop around to confirm you are receiving the best rates possible. Drivers may still find better rates by insuring with multiple companies.
  • Men fork out a little more – Statistics show women are more cautious behind the wheel. However, don’t assume that women are better drivers. They both cause accidents in similar numbers, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations such as DWI and reckless driving.
  • Never allow your policy to lapse – Letting your insurance expire will be a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, getting caught without coverage may earn you a revoked license or a big fine.
  • Do you work long hours in a high stress job? – Careers like judges, architects and accountants tend to pay higher rates than average attributed to job stress and long work hours. On the flip side, jobs such as pilots, athletes and the unemployed have the lowest average rates for 500 insurance.
  • Where you live can impact rates – Living in a small town has it’s advantages when talking about insurance coverage. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. Urban drivers have congested traffic and a longer drive to work. More time commuting means higher likelihood of an accident.
  • Protect your assets with liability insurance – Your policy’s liability coverage will protect you if ever you are found to be at fault for causing damage or personal injury in an accident. It will provide for a legal defense up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.

How to Lower Your Auto Insurance Cost

Most companies allow you to get pricing directly from their websites. Getting online rates is fairly simple as you just type in the amount of coverage you want as requested by the quote form. After the form is submitted, their rating system gets reports for credit and driving violations and gives you a price quote based on these and other factors.

Quoting online streamlines rate comparisons, but the work required to visit each company’s website and repetitively enter the same data into a form can be a bit repetitive. But it’s absolutely necessary to get many rate quotes if you want to find a better rate.

An easier way to find better auto insurance pricing is to use a quote form to return rates from many companies. This type of form saves time, requires much less work on your part, and makes rate comparisons much easier. After sending the form, it is rated and you can choose any one of the quote results. If you find a better price you simply finish the application and purchase the new policy. This process just takes a couple of minutes and you will know how your current rates stack up.

To compare rates now, click here to open in new window and submit your coverage information. If you have coverage now, it’s recommended you replicate the insurance coverages exactly as they are listed on your policy. This guarantees you’re receiving a fair comparison for similar coverage.

Don’t pay full price with these discounts

Companies do not advertise all available discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden ways to save on insurance coverage. If they aren’t giving you every credit available, you’re paying more than you need to.

  • E-sign – A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Bundle and Save – When you combine your home and auto insurance with the same company you may save approximately 10% to 15%.
  • New Car Discount – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Drive Less and Save – Keeping the miles down on your FIAT could be rewarded with a substantially lower rate.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
  • Own a Home – Owning a house may earn you a small savings because of the fact that having a home requires personal responsibility.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount for 500 insurance depending on your company.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for better insurance coverage rates for 500 insurance.
  • One Accident Forgiven – Some insurance companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.
  • Life Insurance Discount – Some companies give a break if you buy a life insurance policy as well.

It’s important to understand that most discounts do not apply the the whole policy. Most only reduce specific coverage prices like liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way.

Insurance companies who might offer some of the above discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering what discounts are available to you. Savings may not apply in every state.

Your personal situation dictates your coverage

When it comes to buying coverage, there is no “best” method to buy coverage. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether you might need professional guidance.

  • Is my cargo covered for damage or theft?
  • How much can I save by bundling my policies?
  • When should I remove comp and collision on my 2015 FIAT 500?
  • What are the best liability limits?
  • Should I bundle my homeowners policy with my auto?
  • What if I owe more than I can insure my car for?
  • Is a fancy paint job covered?
  • Which companies will insure high-risk drivers?
  • What are the financial responsibility laws in my state?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance specifics

Having a good grasp of car insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Liability coverages

This can cover damages or injuries you inflict on other’s property or people. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things such as pain and suffering, bail bonds, medical expenses, repair bills for other people’s vehicles and legal defense fees. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Collision coverage protection

This coverage covers damage to your 500 resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, hitting a parking meter, crashing into a building, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as vandalism, falling objects and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for expenses for funeral costs, pain medications, chiropractic care, X-ray expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Saving money makes a lot of cents

We covered a lot of ways to lower your 2015 FIAT 500 insurance rates. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the biggest savings come from some of the smallest insurance companies.

Cheap insurance can be bought online as well as from independent agents, so you should compare both to have the best rate selection. Some companies don’t offer online price quotes and these regional insurance providers work with independent agents.

When trying to cut insurance costs, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where someone dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.

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