2014 FIAT 500 Insurance Cost

Are you sick and tired of not being able to scrape enough together to pay car insurance each month? You’re in the same situation as millions of other people. Numerous insurers battle for your business, and it can be difficult to compare rates and get the definite lowest rate possible.

Buy insurance coverage online

Finding more affordable 2014 FIAT 500 insurance coverage prices isn’t really that difficult. Drivers just need to take a couple of minutes to get quotes to find. Comparing prices online can be done in several different ways.

If you don’t have a lot of time, the easiest way to get the best comparison quotes is an all-inclusive rate comparison click to view form in new window. This form eliminates the need for separate quote forms for each company. One quote request gets prices estimates from all major companies.

A slightly less efficient method to get comparison quotes is spending the time to visit the website for every company you want to comare and fill out a new quote form. For sake of this example, let’s assume you want to see prices from Nationwide, Esurance and Farmers. In order to compare rates, you need to spend time going to each site individually and enter your policy data, which can get rather old. For a list of links to insurance companies in your area, click here.

The final method to shop rates is to drive around to each insurance agency near you. Buying insurance online has made agencies unnecessary unless you want the professional assistance that only an agent can give. It is possible to obtain prices from the web but buy from a local insurance agent.

It doesn’t matter which method you choose, just ensure you’re using the same coverages on every price quote you get. If you enter different coverage information it’s impossible to determine the lowest rate for your FIAT 500.

How do insurance companies determine FIAT 500 insurance rates?

Many different elements are considered when you get a price on insurance. Some factors are common sense like an MVR report, although others are more transparent like your vehicle usage or your vehicle rating.

The factors shown below are some of the most common factors that factor into rates.

  • Where you reside is a factor – Residing in smaller towns and rural areas of the country may provide you with better prices when trying to find low car insurance rates. Urban drivers have to deal with more aggressive driving styles and a longer drive to work. Fewer drivers means fewer accidents and lower theft and vandalism rates.
  • Drive fewer miles and save – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies apply a rate based upon how much you drive. Autos not used for work or commuting receive lower rates than those used for commuting. Having an incorrect usage rating on your 500 may be wasting your money. Verify your declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money.
  • Cars with good safety ratings save money – Vehicles with good safety scores can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and fewer injuries means less claims paid which can result in lower premiums.
  • Raise deductibles and save – Coverage for physical damage, aka comp and collision, insures against damage to your FIAT. Examples of covered claims are a broken windshield, hail damage, and windstorm damage. Comprehensive and collision coverage deductibles are the amount of money you are willing to pay before your auto insurance pays a claim. The more damage repair cost you’re willing to pay, the bigger discount you will receive on 500 coverage.

Get affordable rates with discounts

Insurance can be prohibitively expensive, but there may be some discounts that you may not know about. Some discounts will apply when you purchase, but occassionally some discounts must be inquired about in order for you to get them.

  • Clubs and Organizations – Participating in specific professional or occupational memberships or organizations can get you a small discount on your next insurance statement.
  • Military Discounts – Having a family member in the military could trigger a small discount.
  • Defensive Driver Discount – Taking time to complete a course that instructs on driving safety could cut 5% off your bill and also improve your driving technique.
  • No Claims – Good drivers with no accidents get the best insurance rates in comparison to frequent claim filers.
  • Homeowners Discount – Owning your own home or condo can get you a discount because owning a home is proof that your finances are in order.
  • Discount for Passive Restraints – Factory options such as air bags or automatic seat belts could see savings of 20% or more.
  • Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase life insurance.
  • College Student – Children living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Accident Waiver – Not a discount per se, but some companies like Progressive, Allstate, and GEICO allow you one accident before raising your premiums as long as you don’t have any claims before the accident.
  • Fewer Miles Equal More Savings – Fewer annual miles on your FIAT could earn better rates on cars that stay parked.

While discounts sound great, it’s important to understand that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like it’s possible to get free car insurance, it just doesn’t work that way.

For a list of providers that offer many of these discounts, click this link.

What is the best insurance coverage coverage?

When it comes to choosing coverage, there really is no best way to insure your cars. Each situation is unique and your policy should reflect that. For instance, these questions can help discover if your situation could use an agent’s help.

  • Should I buy full coverage?
  • Am I covered if hit by an uninsured driver?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can my teen drive my company car?
  • Does having multiple vehicles earn me a discount?
  • Should I drop comprehensive coverage on older vehicles?
  • Does my 2014 FIAT 500 need full coverage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

Car insurance specifics

Knowing the specifics of a car insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages found on most car insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your 2014 FIAT 500.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like colliding with a tree, hitting a mailbox, rolling your car, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Liability car insurance

This can cover damage that occurs to other people or property. 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 commonly see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as structural damage, court costs, legal defense fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Comprehensive insurance

This will pay to fix 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 can pay for things like a broken windshield, falling objects, damage from a tornado or hurricane and theft. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for X-ray expenses, prosthetic devices, doctor visits, nursing services and dental work. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

What is YOUR best insurance company?

As you restructure your insurance plan, do not skimp on coverage in order to save money. Too many times, consumers will sacrifice liability limits or collision coverage only to find out that it was a big mistake. Your focus should be to buy enough coverage at a price you can afford while not skimping on critical coverages.

There are still a few companies who do not provide rates over the internet and usually these regional insurance providers sell through independent insurance agencies. Low-cost 2014 FIAT 500 insurance can be bought on the web and also from your neighborhood agents, and you should compare rates from both to have the best selection.

Additional insurance information can be found on the following sites: