Cheapest 2016 Fiat 500 Insurance Rates in 2023
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UPDATED: Jan 3, 2020
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Searching for lower insurance coverage rates for your FIAT 500? Think you have an overpriced insurance coverage policy? Trust us, many drivers have buyer’s remorse.
There is such a variety of car insurance companies to choose from, and although it’s nice to be able to choose, it can be more challenging to compare rates.
This information will introduce you to how car insurance quotes work. If you have car insurance now, you will be able to save some money using these tips. Although vehicle owners must know how the larger insurance companies determine prices.
How to buy car insurance online
All major car insurance companies like State Farm, Allstate and GEICO allow you to get pricing directly from their websites. Getting prices online is very simple as all you need to do is type in your coverage information into a form. Upon sending the form, their quoting system gets your driving and credit reports and returns a price quote based on these and other factors. This simplifies rate comparisons, but the time it takes to visit many different websites and type in the same information gets old quite quickly. Unfortunately, it is important to compare as many rates as possible in order to get lower prices.
A better way to compare rates utilizes a single form to obtain quotes from more than one company. It saves time, eliminates repetitive work, and makes price shopping online much more efficient. As soon as you send your information, it gets priced and you can select your choice of the pricing results.
If the quotes result in lower rates, you can simply submit the application and buy the new coverage. The entire process can be completed in a matter of minutes and may result in a nice savings.
To compare rates now, simply click here to open in new window and submit the form. If you have your current policy handy, we recommend you replicate coverages and limits as shown on your current policy. Doing this assures you’re receiving a fair comparison using the exact same coverages.
Lower-cost auto insurance rates with discounts
Some insurance providers don’t necessarily list every disount available very well, so the next list breaks down some of the more common as well as some of the hidden savings tricks you should be using when you buy insurance coverage online. If you do not check that you are getting every discount available, you’re paying more than you need to.
- ABS Braking Discount – Anti-lock brake equipped vehicles are much safer to drive and therefore earn up to a 10% discount.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
- Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
- Homeowners Discount – Simply owning a home can save a few bucks because owning a home requires personal responsibility.
- Discounts for Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save a little off the personal injury premium cost.
- No Claim Discounts – Insureds who avoid accidents and claims get the best auto insurance rates when compared with insureds who have frequent claims or accidents.
- Multi-car Discount – Buying insurance for more than one vehicle with the same company could earn a price break for each car.
- Auto/Home Discount – If you combine your auto and home policies with one insurance company you could get a discount of at least 10 to 15 percent or more.
- No Charge for an Accident – This one is not really a discount per se, but some companies like Progressive, State Farm and GEICO will turn a blind eye to one accident before hitting you with a surcharge if you have no claims for a specific time period.
Keep in mind that most discount credits are not given to your bottom line cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, companies don’t profit that way.
Larger auto insurance companies and their offered discounts are included below.
- Farmers Insurance discounts include homeowner, bundle discounts, alternative fuel, switch companies, and teen driver.
- State Farm policyholders can earn discounts including student away at school, multiple policy, anti-theft, accident-free, passive restraint, good student, and driver’s education.
- Liberty Mutual offers discounts for multi-policy, newly married, teen driver discount, safety features, new graduate, hybrid vehicle, and new move discount.
- MetLife has savings for multi-policy, good driver, defensive driver, accident-free, and claim-free.
- Progressive offers premium reductions for multi-policy, online quote discount, homeowner, continuous coverage, online signing, and multi-vehicle.
It’s a good idea to ask each insurance company how many discounts you can get. Some of the earlier mentioned discounts may not be available in your area. To view auto insurance companies with discount auto insurance rates, click this link.
Tailor your insurance coverage to you
When it comes to buying the right insurance coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can help discover if your situation might need an agent’s assistance.
- Will filing a claim cost me more?
- Does my 2016 FIAT 500 need full coverage?
- Do I have any recourse if my insurance company denies a claim?
- Do I have coverage when using my vehicle for my home business?
- Do I need special endorsements for business use of my vehicle?
- Should I buy more coverage than the required minimum liability coverage?
If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.
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Car insurance 101
Learning about specific coverages of your car insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by car insurance companies.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your FIAT 500.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Coverage for collisions
This coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers things such as hitting a mailbox, hitting a parking meter, crashing into a ditch, scraping a guard rail and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.
Comprehensive (Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, rock chips in glass and damage from getting keyed. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance kick in for expenses such as dental work, X-ray expenses, chiropractic care and ambulance fees. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Auto liability insurance
This will cover damage or injury you incur to other people or property by causing an accident. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things like pain and suffering, repair costs for stationary objects, court costs and funeral expenses. How much coverage you buy is your choice, but you should buy as much as you can afford.
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