2015 FIAT 500 Car Insurance Cost – 10 Tricks for Best Prices

There isn’t anyone who is fond of buying car insurance, particularly when they are paying too much. Multiple auto insurance companies compete for your hard-earned dollar, so it can be very hard to choose a provider to find the absolute lowest price

You should make it a habit to check car insurance prices every six months because car insurance prices are variable and change quite frequently. Even if you think you had the best price on 500 coverage six months ago there may be better deals available now. Ignore everything you know about car insurance because we’re going to demonstrate how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.

First Step: Get free insurance coverage quotes

All major insurance coverage companies allow you to get prices for coverage from their websites. Comparing prices online is fairly straightforward as you just enter as requested by the quote form. After you submit the form the system gets your credit score and driving record and quotes a price. Being able to quote online simplifies rate comparisons, but the time it takes to visit a lot of sites and complete many quote forms gets old quite quickly. Unfortunately, it is important to compare as many rates as possible if you want to find a lower rate.

There is a better way!

A less time-consuming method to lower your rates requires only one form to obtain quotes from a bunch of companies at once. The form is fast, requires less work, and makes comparison shopping much simpler. Immediately after submitting the form, it gets priced and you can choose any of the quotes returned.

If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process takes less than 15 minutes and you will know how your current rates stack up.

In order to find out how much you can save on insurance coverage, simply click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended you copy the insurance coverages identical to your current policy. This ensures you will receive a price comparison for similar coverage.

Don’t believe everything you hear

Drivers can’t avoid all the ads that promise big savings for switching by companies like Progressive, Allstate and GEICO. They all make the point that you’ll save big just by moving your insurance coverage policy to them.

But how can every company make almost identical claims?

All the different companies give the best rates for the type of driver that makes them money. One example of this type of insured may be between the ages of 30 and 50, carries full coverage, and insures a new vehicle. Anyone that meets those criteria is entitled to the best price and therefore will save when they switch companies.

Potential insureds who don’t qualify for those standards will get more expensive rates which usually ends up with the customer not purchasing. If you listen to the ad wording, they say “people who switch” not “everybody who quotes” save that much. That’s why insurance companies can confidently advertise the way they do.

This really emphasizes why you absolutely need to get a wide range of price quotes. Because without a comparison, you cannot know which insurance companies will have the best premium rates at this point in time.

Discounts can really help save money

Not too many consumers would say insurance is affordable, but there could be significant discounts that many people don’t even know exist. Certain credits will be shown when you quote, but once in a while a discount must be specially asked for before they will apply. If you’re not getting every credit you qualify for, you are just wasting money.

  • Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and will qualify for a discount on a car insurance quote.
  • Good Drivers – Drivers who avoid accidents could pay up to 40% less on 500 coverage than drivers with accidents.
  • Driving Data Discount – Drivers who agree to allow their insurance company to monitor driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they show good driving skills.
  • Memberships – Having an affiliation with a professional or civic organization can get you a small discount on insurance.
  • Early Payment Discounts – By paying your policy upfront rather than spreading payments over time you can avoid the installment charge.
  • Fewer Miles Equal More Savings – Keeping the miles down on your FIAT could qualify for better rates on cars that stay parked.
  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less because newer vehicles keep occupants safer.
  • Student Discount for Driver Training – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may save as much as 10 to 15 percent.
  • Use Seat Belts – Drivers who require all occupants to use a seat belt can save a little off the PIP or medical payment premium.

Consumers should know that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But any discount should definitely cut the cost of your policy.

The best insurance companies and their possible discounts are outlined below.

  • Progressive may have discounts that include continuous coverage, multi-vehicle, good student, homeowner, and multi-policy.
  • Farmers Insurance has savings for switch companies, electronic funds transfer, business and professional, pay in full, homeowner, youthful driver, and multi-car.
  • Farm Bureau includes discounts for 55 and retired, multi-vehicle, driver training, good student, and multi-policy.
  • State Farm may include discounts for good driver, good student, Steer Clear safe driver discount, multiple policy, defensive driving training, and accident-free.
  • GEICO has discounts for anti-lock brakes, five-year accident-free, defensive driver, good student, multi-policy, air bags, and multi-vehicle.
  • SAFECO offers premium reductions for bundle discounts, multi-car, accident prevention training, anti-theft, teen safe driver, homeowner, and teen safety rewards.
  • Liberty Mutual offers discounts for preferred payment discount, newly married, good student, exclusive group savings, multi-car, and safety features.

When quoting, ask every prospective company to give you their best rates. Some discounts may not apply in your area.

Will just any policy work for me?

When it comes to buying the best car insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • Will my rates increase for filing one claim?
  • Is business property covered if stolen from my car?
  • Are my friends covered when driving my 2015 FIAT 500?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need more liability coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is my dog or cat covered if injured in an accident?
  • How high should my medical payments coverage be?
  • Do I need rental car coverage?
  • Does insurance cover damages from a DUI accident?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Parts of your insurance policy

Having a good grasp of your policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hitting a deer, a broken windshield, damage from getting keyed and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as surgery, hospital visits, pain medications, dental work and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your FIAT 500.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability

Liability coverage provides protection from injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims such as medical services, attorney fees, bail bonds, 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.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a parking meter, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Cheaper insurance is a realistic goal

As you go through the steps to switch your coverage, don’t be tempted to reduce coverage to reduce premium. In too many instances, someone sacrificed uninsured motorist or liability limits only to regret that it was a big mistake. Your strategy should be to get the best coverage possible at the best price, but do not skimp to save money.

Cheaper 2015 FIAT 500 insurance can be bought from both online companies and with local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers may not provide online rate quotes and usually these smaller companies only sell through independent insurance agents.

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Comments About 2015 FIAT 500 Insurance

  1. Carman Oliver

    Are custom wheels covered by insurance?

  2. Irina Hensley

    I’ve bought from State Farm forever. Cheapest rates in Eugene, OR.

  3. Lasonya Flowers

    Here’s my info. Lifelong resident of Baltimore, MD. Got quotes with State Farm, GMAC, and Encompass for my 500 and I’m now saving $40 a month. Was with American Family.

  4. Hyon Randall

    I found pretty cheap rate quotes for a 2015 FIAT 500 in Los Angeles, California. Ended up at about $450 every six months with Amica. Insured with USAA before. It never hurts to quote around.

  5. Jackson Cruz

    I live just outside Honolulu, Hawaii. Not sure of all the companies but I ended up saving about $60 each month. I recommend comparing lots of rates.

  6. Ivan Haynes

    Anyone like their agent?

  7. Lavette Bass

    Does Alabama have minimum liability requirements?

  8. Vallie Odom

    If you have a good history and live near Newark, DE, check out State Farm. You might save some money. I have several vehicles insured with them.

  9. Alfredo West

    Does Progressive prorate premiums at cancellation?

  10. Zora Walls

    Like your site, BTW. I live on the east side of Buffalo, NY. I got free quotes from AIG Insurance, Mercury, and Travelers for my FIAT and saved just over $100 a year. Not sure if rates are cheaper online or not.

  11. Luisa Henderson

    I’m in the south part of Reno, NV. Don’t remember every company but I ended up saving about $20 each month. I’m a pretty good driver though.

  12. Hilde Obrien

    Lots of useful info here. I live east of Detroit, MI. Checked online prices for a 2015 FIAT 500. Ended up at about $100 savings annually. Went with Allstate. Did it all online.

  13. Jamie Cummings

    Not sure what I should be paying. I’m in the suburbs of North Charleston, SC. Compared rates from a lot of places. Saved roughly $50 a month. 21st Century was the cheapest for me.

  14. Letha Thompson

    Just my two cents. Found cheapest coverage with Nationwide for my 500 and saved about $110 a year. Not sure about claim service.

  15. Johnny Miller

    From a town just southwest of Charleston, SC. Quoted prices from Allstate, American Family, Erie, and The General for my 2015 FIAT 500 and saved $282 a year.

  16. Jose Guerrero

    I’ve bought from Allstate forever. Cheapest rates in Fort Smith, AR.