Save on 2015 FIAT 500 Insurance Quotes

I can’t think of a single person who likes having to buy insurance, particularly when the cost is too high.

Companies like Progressive, State Farm and GEICO persitently shower you with fancy advertisements and it can be hard to see past the corporate glitz and do the work needed to find the best deal.

It’s smart to get comparison quotes on a regular basis due to the fact that insurance rates tend to go up over time. Just because you found the lowest price on 500 coverage two years ago you will most likely find a better rate today. So ignore everything you know about insurance because I’m going to teach you the proper way to save money, get proper coverage and the best rates.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these tips. Finding the best rates is not that difficult. But car owners must comprehend the methods companies use to market insurance on the web and apply this information to your search.

Lesser-known factors impacting FIAT 500 insurance rates

An important part of buying insurance is that you know the rating factors that play a part in calculating insurance coverage rates. Knowing what influences your rates allows you to make educated decisions that will entitle you to better insurance coverage rates.

Shown below are a few of the “ingredients” companies use to determine prices.

  • Where you live can impact rates – Choosing to live in less populated areas can be a good thing when talking about insurance coverage. Drivers who live in large cities have to deal with much more traffic and longer commute times. Fewer people means fewer accidents and a lower car theft rate.
  • Discounts for multiple policies – Most companies give discounts to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, you still need to compare other company rates to verify if the discount is saving money.
  • Pay less if you’re married – Getting married can get you a discount on your insurance coverage policy. Marriage is viewed as being more mature than a single person and it’s statistically proven that married drivers get in fewer accidents.
  • Never let your coverage lapse – Driving with no insurance is against the law and as a result your rates will increase for letting your coverage lapse. Not only will rates go up, getting caught without coverage will get you a hefty fine and possibly a revoked license.
  • An active claims history can cost you – Auto insurance companies award better rates to insureds who are claim-free. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Don’t skimp on liability – Liability coverage is the coverage that protects you if ever you are found liable for personal injury or accident damage. Liability insurance provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Low deductibles can be expensive – Your deductibles represent how much money you are required to spend before your insurance coverage pays a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The higher the amount you have to pay, the bigger discount you will receive on 500 coverage.
  • Optional equipment can affect rates – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.

How to Compare Car Insurance Quotes

There are several ways of comparing price quotes from different insurance companies. The quickest method to compare 2015 FIAT 500 insurance prices consists of shopping online. It is quite easy and can be accomplished using a couple different methods.

  1. One of the simplest ways consumers can make multiple comparisons is an all-inclusive rate comparison like this one (opens in new window). This form prevents you from having to do separate quotes for every car insurance company. A single, simple form will get you price quotes from several companies.
  2. Another way to get quotes online is spending the time to visit the website for each individual company and fill out their own quote form. For sake of this example, let’s assume you want to compare Liberty Mutual, State Farm and GMAC. To get each rate you have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

It’s up to you how you get prices quotes, just compare exactly the same coverage information with each company. If your comparisons have differing limits it’s not possible to determine the lowest rate for your FIAT 500. Just a small difference in limits may cause a big price difference. It’s important to know that more quotes will increase your chances of finding a lower rate.

Don’t believe everything you hear

Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on TV and radio. All the companies make the same claim of big savings if you switch your policy. But how can every company claim to save you money? It’s all in the numbers.

Different companies can use profiling for the type of driver that earns them a profit. For instance, a preferred risk might be profiled as between 30 and 50, has no prior claims, and has great credit. A customer that hits that “sweet spot” will get very good rates and as a result will probably save when they switch companies.

Drivers who don’t meet these standards will be quoted more money which leads to business not being written. The ads state “customers who switch” not “everyone that quotes” save money. That’s the way insurance companies can claim big savings. This emphasizes why you absolutely need to compare as many rates as you can. Because you never know which company will have the lowest FIAT 500 insurance rates.

How much can you save with discounts?

Auto insurance companies don’t list every available discount very well, so we break down both well-publicized and the more hidden discounts you could be receiving.

  • Drive Safe and Save – Safe drivers may save up to 50% more on 500 coverage than drivers with accidents.
  • Discount for Swiching Early – Some companies give discounts for switching to them before your current expiration date. The savings is around 10%.
  • Federal Government Employee – Employees or retirees of the government can save as much as 8% on 500 coverage depending on your company.
  • Good Student – Performing well in school can earn a discount of 20% or more. This discount can apply up to age 25.
  • Discount for Life Insurance – Some companies give a discount if you purchase life insurance.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way.

For a list of insurance companies who offer insurance discounts, click here.

How much car insurance do I need?

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. For example, these questions can aid in determining if your insurance needs might need an agent’s assistance.

  • Are my friends covered when driving my 2015 FIAT 500?
  • What is the difference between comprehensive and collision coverage?
  • What if I total my 2015 FIAT 500 and owe more than it’s worth?
  • Do I benefit by insuring my home with the same company?
  • What is an SR-22 filing?
  • Will my rates increase for filing one claim?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Insurance specifics

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages available from insurance companies.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as colliding with a tree, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your 2015 FIAT 500.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hail damage, vandalism and a broken windshield. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense insurance

Med pay and PIP coverage pay for short-term medical expenses such as nursing services, prosthetic devices, EMT expenses, surgery and hospital visits. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Liability car insurance

Liability insurance protects you from injuries or damage you cause to other’s property or people that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for claims such as medical expenses, loss of income and pain and suffering. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Knowledge is power

When trying to cut insurance costs, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, someone dropped liability limits or collision coverage to discover at claim time that it was a big error on their part. Your aim should be to buy enough coverage at a price you can afford while not skimping on critical coverages.

We just covered some good ideas how you can get a better price on 2015 FIAT 500 insurance. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding lower rates. Consumers may even find the most savings is with a lesser-known regional company. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.

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