2017 FIAT 500 Insurance Rates

Looking for cheaper insurance rates for your FIAT 500? Comparing car insurance quotes online may appear to be difficult at first if you are like most people and have never completed online price quotes. Don’t be confused because comparing rates is actually very simple.

It’s smart to check insurance prices yearly since insurance rates change regularly. Even if you think you had the lowest rate on 500 coverage a couple years back other companies may now be cheaper. Ignore everything you know about insurance because we’re going to show you the only way to save on insurance.

Lower rates by qualifying for discounts

Companies don’t list every disount available very well, so we break down some of the best known and also the more inconspicuous discounts that may be available.

  • Theft Deterent System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy auto and life insurance together.
  • Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you could save up to 5%.
  • Membership in Organizations – Having an affiliation with certain professional organizations is a simple method to lower premiums when shopping for insurance coverage.
  • Homeowners Pay Less – Just owning your own home can get you a discount because it is proof that your finances are in order.
  • Cautious Driver Discounts – Insureds who avoid accidents may save up to 50% more on 500 coverage than their less cautious counterparts.

You can save money using discounts, but some credits don’t apply to your bottom line cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it appears you can get free auto insurance, that’s just not realistic.

The best insurance coverage companies and a summarized list of policyholder discounts are detailed below.

  • Farmers Insurance may offer discounts for multi-car, homeowner, switch companies, pay in full, and alternative fuel.
  • State Farm may include discounts for Drive Safe & Save, good student, Steer Clear safe driver discount, safe vehicle, multiple autos, and passive restraint.
  • Liberty Mutual policyholders can earn discounts including new vehicle discount, good student, multi-policy, safety features, and newly retired.
  • MetLife discounts include claim-free, good student, accident-free, multi-policy, defensive driver, good driver
  • Progressive includes discounts for continuous coverage, homeowner, online signing, online quote discount, and multi-policy.

If you need the cheapest car insurance quotes, ask every insurance company how many discounts you can get. A few discounts may not apply to policies in your area. To locate insurers that offer some of these discounts, follow this link.

Get lower-cost insurance costs by understanding these factors

Many things are used in the calculation when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but some are less obvious such as your credit history or how safe your car is.When buying insurance it’s important to understand some of the elements that are used to determine your policy premiums. When you understand what controls the rates you pay, this helps enable you to make changes that can earn you cheaper rates.

  • Don’t skimp on liability insurance – The liability section of your policy will protect you if you are found to be at fault for damages caused by your negligence. This coverage provides for a legal defense which can cost a lot. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Your career may increase insurance rates – Occupations like fire fighters, social workers and stock brokers tend to have the highest average rates due to intense work requirements and extremely grueling work hours. Other jobs like professors, historians and the unemployed generally pay rates lower than average on 500 coverage.
  • Multi-policy discounts can save money – Many companies give lower prices to policyholders that purchase more than one policy. It’s known as a multi-policy discount. Even with this discount, you may still want to check prices from other companies to confirm you are receiving the best rates possible. It’s possible to still find lower rates by splitting coverages up.
  • Raising comp and collision deductibles lowers costs – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Some examples of claims that would be covered could be a broken side mirror, collision with an animal, and windstorm damage. Deductibles for physical damage state the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The higher the amount you pay before a claim is paid (deductible), the bigger discount you will receive on 500 coverage.
  • Do safer cars cost less to insure? – Vehicles with good safety scores cost less to insure. Highly rated vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company and cheaper rates on your policy. If your FIAT 500 scored at minimum four stars on Safercar.gov you may qualify for a discount.
  • Higher premiums for coverage lapses – Allowing your insurance policy to lapse is a sure-fire way to increase your rates. And not only will your rates increase, getting caught without coverage could result in a revoked license or a big fine.
  • City dwellers may pay more – Living in small towns and rural areas is a good thing when talking about insurance. City drivers regularly have more traffic problems and much longer commute distances. Fewer drivers means less chance of accidents in addition to lower liability claims
  • Premiums are affected by your credit rating – An insured’s credit score will be a significant factor in determining your rates. If your credit score leaves room for improvement, you could save money insuring your 2017 FIAT 500 by taking the time to improve your credit score. Consumers who have high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit scores.

Auto insurance is unique, just like you

When it comes to buying adequate coverage, there is no “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that might help in determining if your insurance needs will benefit from professional help.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Does car insurance cover theft of personal property?
  • Does coverage extend to Mexico or Canada?
  • How much underlying liability do I need for an umbrella policy?
  • Why do I need rental car insurance?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form.

Ads can be misleading

Companies like Progressive, Allstate and Geico constantly bombard you with television, radio, and online ads. All the ads advertise claims that people will save just by moving your policy. That’s great but how can every company cost less than your current company? Here is the trick they use.

Car insurance companies have underwriting criteria for a prospective insured that will not have excessive claims. An example of a profitable customer may be between 30 and 50, has never had a claim, and drives a car with an anti-theft system. Any customer that matches those criteria is entitled to the best price and as a result will probably save a lot if they switch.

Insureds who fall outside those standards will be charged higher prices which leads to the prospect going elsewhere. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” save money. That is how companies can advertise the savings. Because of the profiling, you really need to get price quotes at each policy renewal. It’s just not possible to know with any certainty which company will have the best auto insurance rates for your profile.

Insurance coverages 101

Knowing the specifics of your policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Medical costs insurance

Med pay and PIP coverage provide coverage for immediate expenses like ambulance fees, nursing services, hospital visits, surgery and pain medications. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your FIAT 500.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Collision coverage

This coverage covers damage to your 500 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like backing into a parked car, sideswiping another vehicle and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Auto liability insurance

Liability insurance provides protection from injuries or damage you cause to people or other property. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims like repair bills for other people’s vehicles, bail bonds, emergency aid, loss of income and structural damage. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a bird, vandalism, damage from getting keyed, a tree branch falling on your vehicle and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Final thoughts

As you shop your coverage around, it’s not a good idea to reduce coverage to reduce premium. There have been many cases where an insured dropped physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at the best possible price, but do not sacrifice coverage to save money.

Budget-conscious 2017 FIAT 500 insurance can be found both online in addition to local insurance agencies, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not have internet price quotes and these small, regional companies prefer to sell through local independent agents.

Drivers switch companies for a number of reasons such as high rates after DUI convictions, policy non-renewal, lack of trust in their agent or high prices. It doesn’t matter why you want to switch finding a new company can be easier than you think.

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Comments About 2017 FIAT 500 Insurance

  1. Giovanna Pruitt

    Enjoyed the article. I’m in the suburbs of Colorado Springs, Colorado. Not sure of all the companies but I ended up saving about $50 each month. I recommend comparing lots of rates.

  2. Tiana Wilder

    I went with Progressive at renewal. Best rates in Warren, MI. Left The General to switch. Get lots of quotes to find the best rate.

  3. Martin Hale

    Does 21st Century offer multi-policy discounts?

  4. Elwood Henderson

    Enjoyed the article. I live in a small town just outside of Reno, Nevada. I quoted with 21st Century, AIG Insurance, and some I forget for my 500 and saved $123 a year. Wish I didn’t have to insure at all.

  5. Ling Gamble

    Cheapest quote for my 2017 FIAT 500 was with Farmers. I think they have home insurance too. I got prices on the web.

  6. Fritz Carlson

    Nice post. I live in a small town just outside of Manchester, NH. Went online for free insurance quotes for a 2017 FIAT 500. Ended up at about $290 savings annually. Went with Progressive. I have several vehicles insured with them. Not sure about claim service.

  7. Many Figueroa

    I got quite a few price quotes for a 2017 FIAT 500 in Evansville, IN. Ended up at darn near $110 every six months with Amica. I even had a DUI years ago.

  8. Tamar Burks

    Live in the eastern part of Rio Rancho, NM. I compared lots of rates. Saved roughly $30 a month. Progressive was the most affordable for me. I just quoted rates online.

  9. Desiree Vang

    If you’re a decent driver and live around Mobile, Alabama, check out Allstate. I saved quite a bit. Left Western Auto Insurance to switch.

  10. Carmella Chavez

    GEICO is cheapest in Kentucky! :)