2016 FIAT 500 Insurance Quotes – 5 Tips for Cheaper Rates

Trying to find lower car insurance rates for your FIAT 500? Feeling guilty for buying overpriced car insurance? It’s a common feeling and many drivers feel the same as you. Multiple auto insurance companies compete for your business, and because of this it can be hard to compare auto insurance companies and get the best coverage at the best rate

Do you qualify for discount insurance coverage?

Insurance coverage is not cheap nor is it fun to buy but you might find some hidden discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you purchase, but some may not be applied and must be asked about before they will apply.

  • Drivers Education – Have your child enroll and complete driver’s education in school or through a local driver safety program.
  • Savings for New Vehicles – Insuring a new car may earn a small discount since newer models are generally safer.
  • Federal Government Employee – Having worked for a branch of the government may reduce rates when you quote insurance on 500 coverage with some insurance coverage companies.
  • Discount for Passive Restraints – Factory air bags or automatic seat belts can receive discounts of up to 25% or more.
  • Discount for Low Mileage – Maintaining low annual mileage may enable drivers to earn better premium rates on cars that stay parked.

A little disclaimer on discounts, many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. Just because you may think having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

The best insurance coverage companies and a selection of discounts are outlined below.

  • Geico may have discounts that include federal employee, defensive driver, anti-theft, membership and employees, multi-policy, seat belt use, and driver training.
  • USAA discounts include vehicle storage, family discount, good student, military installation, multi-vehicle, driver training, and new vehicle.
  • Progressive may include discounts for multi-vehicle, online signing, online quote discount, good student, multi-policy, and homeowner.
  • American Family offers premium reductions for early bird, TimeAway discount, good driver, multi-vehicle, and accident-free.
  • Esurance has savings for safety device, homeowner, DriveSense, good driver, claim free, and Pac-12 alumni.
  • Farmers Insurance offers discounts for mature driver, business and professional, homeowner, pay in full, and teen driver.
  • State Farm may offer discounts for student away at school, good student, anti-theft, passive restraint, good driver, and Drive Safe & Save.

If you want inexpensive insurance quotes, ask every insurance company which discounts they offer. Savings may not apply in your area. For a list of providers with the best insurance coverage discounts, follow this link.

Compare quotes for auto insurance

All major auto insurance companies allow consumers to get insurance quotes on their websites. Getting online quotes is possible for anyone because it’s just a matter of typing in on the page. Upon sending the form, the company’s rating system pulls information on your driving record and credit history and quotes a price. Online price estimates simplifies rate comparisons, but the time it takes to visit different websites and type in the same information can be a bit repetitive. But it is imperative to perform this step if you want to get the best price on auto insurance.

There is a better way!

A less time-consuming method to find cheaper rates uses one simple form to return rates from a bunch of companies at once. This type of form saves time, reduces the work, and makes online shopping a little more enjoyable. After sending the form, it is quoted with multiple companies and you can pick your choice of the quote results.

If you find a better price it’s easy to complete the application and purchase coverage. The entire process takes 15 minutes at the most and may result in a nice savings.

If you want to fill out one form to compare multiple rates now, click here to open in a new tab and submit the form. If you have your current policy handy, we recommend you enter the insurance coverages exactly as they are listed on your policy. Doing this assures you will have rate quotes for similar coverage.

What insurance coverages do I need?

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions could help you determine whether your personal situation could use an agent’s help.

  • Am I covered when driving in Canada or Mexico?
  • Are my tools covered if they get stolen from my vehicle?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered if I drive in a foreign country?
  • Are rental cars covered under my policy?
  • Is rental equipment covered for theft or damage?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Insurance advertisements

Drivers can’t get away from ads for insurance savings from companies such as Geico, State Farm and Progressive. All the ads have a common claim about saving some big amount if you move your coverage.

How can each company give you a lower rate? This is the way they can do it.

All the different companies give the best rates for the type of driver that earns them the most money. For instance, this type of driver might be a married male, is a homeowner, and drives less than 10,000 miles a year. Anyone that fits those parameters will get the preferred premium rates and therefore will save if they switch.

Drivers who fall outside the requirements may be forced to pay higher prices which leads to business not being written. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” save that much. That is how insurance companies can confidently make claims like that.

That is why you really need to get insurance quotes as often as possible. It is just not possible to predict which insurance companies will have the best rates.

What auto insurance coverages do you need?

Understanding the coverages of a auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average auto insurance policy.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2016 FIAT 500.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability auto insurance

This will cover damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims such as court costs, loss of income, attorney fees, medical expenses and funeral expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, a tree branch falling on your vehicle, fire damage and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

This coverage will pay to fix damage to your 500 resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like driving through your garage door, colliding with another moving vehicle, crashing into a building, backing into a parked car and hitting a mailbox. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like hospital visits, dental work and pain medications. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Quote more, save more

We just presented quite a bit of information on how to lower your 2016 FIAT 500 insurance premium rates. The key concept to understand is the more times you quote, the better chance you’ll have of finding low cost insurance. You may even discover the best premium rates are with a smaller regional carrier. Smaller companies often have lower prices on specific markets compared to the large companies like State Farm, Geico and Nationwide.

When shopping online for insurance coverage, you should never buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to purchase plenty of coverage at the best cost, but do not sacrifice coverage to save money.

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