Save on 2014 FIAT 500 Car Insurance Quotes

Looking for lower car insurance rates for your FIAT 500? Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Believe me, many consumers feel financially strained by their car insurance policy. Since consumers have many companies to choose from, it can be hard to locate the lowest price company.

It’s a good habit to do price comparisons at least once a year since rates are variable and change quite frequently. Just because you found the best premium rates on 500 coverage a year ago there may be better deals available now. Ignore everything you know about car insurance because you’re about to find out the easiest way to lower your rates without sacrificing coverage.

Shopping for the lowest cost coverage is quite easy. If you have insurance now or are looking for a new policy, you will benefit by learning to cut your premiums and still get good coverage. Consumers just need to know the proper way to shop for insurance coverage on the web.

Decisions you make can impact your insurance premiums

A large part of saving on insurance is knowing some of the things that play a part in calculating insurance rates. When consumers understand what influences your rates, this allows you to make good choices that may reward you with better insurance rates. Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious like your driving record, but other factors are more transparent like your vehicle usage or your vehicle rating.

• High credit scores save money – Having a bad credit rating is likely to be a major factor in determining what you pay. If your credit rating is lower than you’d like, you could be paying less to insure your 2014 FIAT 500 if you improve your credit rating. People with excellent credit tend to be more responsible than drivers who have poor credit.
• Get better rates if married – Getting married may save some money on your insurance policy. It may mean you are more mature and insurance companies like that married drivers tend to file fewer claims.
• Premiums may be lower depending on your occupation – Do you work in a high-stress field? Careers such as military personnel, social workers and emergency personnel generally have higher average rates because of intense work requirements and lengthy work days. Conversely, careers like farmers, engineers and the unemployed have lower than average premiums on 500 coverage.
• How’s your driving record? – Your driving citation history influences premium rates substantially. Having just one moving violation can boost insurance rates by as much as thirty percent. Drivers who don’t get tickets pay less for auto insurance than bad drivers. Drivers who get careless citations like DUI, reckless driving or excessive speeding may find they need to file a SR-22 with their state motor vehicle department in order to legally drive.
• Raising comp and collision deductibles lowers prices – Physical damage deductibles represent how much money you are willing to pay before your insurance pays a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of some claims that would be covered are a windshield broken by a bird, fire damage, and having a roll-over accident. The higher the amount you choose to pay out-of-pocket, the lower your rates will be on 500 coverage.
• Premiums also based on gender – Over the last 30 years, statistics show women are more cautious behind the wheel. Now that doesn’t mean males are worse at driving than females. Both sexes have fender benders at a similar rate, but the men cause more damage. They also receive more costly citations such as DWI and reckless driving. Males from age 16 to 21 are the most expensive to insure and are penalized with high insurance rates.
• A lpolicy lapse is a bad thing – Having an insurance coverage lapse will be a quick way to increase your rates. In addition to paying higher rates, not being able to provide proof of insurance can result in a steep fine or even jail time. You could then be forced to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
• Add-on coverages you don’t use – There are many additional extra coverages that may not really be needed but may not be useful. Coverage for things like coverage for rental cars, better glass coverage, and additional equipment coverage may be wasting your money. They may seem good when buying your policy, but if you don’t need them get rid of them and save.

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Use discounts on insurance

Insuring your fleet can be pricey, but you may find discounts to reduce the price significantly. Many discounts should be triggered at the time you complete a quote, but some discounts are required to be inquired about prior to receiving the credit. If you check and find you aren’t receiving every discount available, you could be getting lower rates.

• No Charge for an Accident – but certain companies will forgive one accident before they charge you more for coverage with the catch being you have to be claim-free prior to the accident.
• Good Student – This discount may save you up to 25%. Many companies even apply the discount to college students well after school through age 25.
• Discounts for New Vehicles – Buying a new car instead of a used car may earn a small discount compared to insuring an older model.
• Seat Belts Save – Forcing all vehicle occupants to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
• Renewal Discounts – Select larger companies give a discount for switching policies prior to your current policy expiring. You can save around 10% with this discount.

As a footnote on discounts, some of the credits will not apply to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will help reduce the cost of your policy.

Some of the larger companies that may have some of the discounts shown above include:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

Check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply to policyholders everywhere. To see insurance companies with discount rates, follow this link.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether your personal situation will benefit from professional help.

• Does my medical payments coverage pay my health insurance deductible?
• Should I buy full coverage?
• Do I benefit by insuring my home with the same company?
• If my 2014 FIAT 500 is totaled, can I afford another vehicle?
• What happens if I owe more than my 2014 FIAT 500 is worth?
• Is my teenager covered with friends in the car?
• Does my insurance cover damage caused when ticketed for reckless driving?
• I don’t drive much so do I pay less?
• How do I file an SR-22 for a DUI in my state?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Specifics of your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by insurance companies.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as prosthetic devices, X-ray expenses and funeral costs. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your FIAT 500.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently these coverages are set the same as your liablity limits.

Liability coverage

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims such as bail bonds, medical services and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Auto collision coverage

This pays for damage to your 500 from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a ditch, scraping a guard rail, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Comprehensive auto coverage

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a deer, theft, damage from getting keyed and rock chips in glass. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

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One last thing about your coverage

When getting auto insurance quotes online, it’s very important that you do not buy less coverage just to save a little money. Too many times, an insured cut liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.

Cheaper car insurance can be sourced from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. A few companies don’t offer the ability to get quotes online and most of the time these regional carriers sell through independent insurance agents.

Additional articles

• What is Gap Insurance? (Insurance Information Insitute)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Tools for Teen Driving Safety (State Farm)
• Where can I buy Insurance? (Insurance Information Insitute)

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