How Much Does 2015 FIAT 500 Insurance Cost?

Trying to find the cheapest insurance rates for your FIAT 500? Finding better rates for insurance can seem to be challenging for consumers not familiar with shopping for insurance online. Consumers have so many choices that it can quickly become a ton of work to find lower rates.

It’s important to shop coverage around before your policy renews because insurance rates are rarely the same from one policy term to another. Just because you had the lowest rates for 500 coverage on your last policy the chances are good that you can find a lower rate today. You’ll find quite a bit of inaccurate information about insurance on the internet, so we’re going to give you some excellent ideas to find affordable insurance.

How much can you save with discounts?

Companies don’t always publicize every available discount very well, so we researched both the well known and the harder-to-find savings tricks you should be using.

  • Discount for Good Grades – Getting good grades can save 20 to 25%. This discount can apply up until you turn 25.
  • Defensive Driver – Taking a driver safety course can save you 5% or more depending on where you live.
  • Save over 55 – If you’re over the age of 55, you may qualify for a small decrease in premiums for 500 coverage.
  • Distant Student – Any of your kids who live away from home without a vehicle on campus can receive lower rates.
  • Memberships – Being a member of a qualifying organization could trigger savings on insurance for 500 coverage.

It’s important to understand that most discount credits are not given the the whole policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way.

Insurance companies that may have these discounts include:

Check with every prospective company which discounts they offer. Savings may not be available in your area.

How much car insurance do I need?

When it comes to choosing coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is a little different.

For example, these questions can aid in determining if you would benefit from professional advice.

  • Is upholstery damage covered by car insurance?
  • How can I find cheaper teen driver insurance?
  • Is my state a no-fault state?
  • Do I need added coverage for expensive stereo equipment?
  • What can I do if my company won’t pay a claim?
  • Do I need motorclub coverage?
  • Why am I required to buy high-risk coverage?
  • How many claims can I have before being cancelled?
  • Should I rate my 2015 FIAT 500 as pleasure use or commute?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.

Drivers who switch save $398 a year? Really?

State Farm, Allstate and Geico consistently run ads on TV and radio. All the companies have a common claim about savings if you change your policy. How do they all make almost identical claims? This is how they do it.

Different companies have a certain “appetite” for the driver that is profitable for them. For instance, a driver they prefer might be profiled as between the ages of 40 and 55, is a homeowner, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and therefore will cut their rates substantially.

Potential customers who don’t meet these standards must pay higher premiums and this can result in business not being written. The ads state “customers that switch” but not “drivers who get quotes” save money. This is how insurance companies can make those claims. This illustrates why you need to get as many comparisons as possible. It is impossible to predict which company will give you the biggest savings on FIAT 500 insurance.

Car insurance policy coverages for a 2015 FIAT 500

Having a good grasp of car insurance can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Liability insurance

This will cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims such as medical expenses, repair bills for other people’s vehicles and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of 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 is important protection for you and your family.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sustaining damage from a pot hole, backing into a parked car, colliding with a tree, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as fire damage, damage from flooding, hitting a bird, theft and damage from a tornado or hurricane. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Insurance for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses like prosthetic devices, rehabilitation expenses, doctor visits and pain medications. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Save your cold hard cash

Insureds who switch companies do it for any number of reasons including high rates after DUI convictions, unfair underwriting practices, policy cancellation or even delays in paying claims. Whatever your reason, finding a new insurance company can be easy and end up saving you some money.

When shopping online for insurance, never skimp on coverage in order to save money. There have been many cases where an insured dropped uninsured motorist or liability limits and found out when filing a claim that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

Lower-priced 2015 FIAT 500 insurance can be bought on the web as well as from independent agents, so you should compare both to have the best rate selection. Some companies don’t offer the ability to get a quote online and these smaller companies work with independent agents.

For more information, take a look at the resources below: