2017 FIAT 124 Spider Insurance Cost – 8 Tips to Save

Finding low cost insurance might sound like a lofty goal if you’re new to online quotes. But don’t give up because finding affordable coverage online is easier than you think.

It’s smart to compare prices quite often because rates change regularly. Even if you got the best deal on 124 Spider coverage six months ago a different company probably has better prices today. Forget all the misinformation about car insurance because I’m going to teach you the quickest way to reduce your cost while increasing coverage.

How to buy insurance coverage

Performing a rate comparison is a ton of work if you don’t utilize the best way to get rate quotes. You can spend your afternoon driving to insurance companies in your area, or you can utilize the internet to get the quickest rates.

Many of the larger companies belong to an insurance system that enables customers to enter their coverage request one time, and at least one company returns a competitive quote based on that data. This prevents consumers from doing form submissions to each company. To find out what other companies charge click here to open in new window.

The only downside to doing it this way is you cannot specify the insurers to get pricing from. If you wish to select specific insurance companies to request quotes from, we have assembled a list of companies who write insurance coverage in your area. Click here to view list.

The approach you take is up to you, just make darn sure you compare the exact same quote data for every company. If you use higher or lower deductibles it’s not possible to get a fair rate comparison. Even a minor difference in insurance coverages or limits may result in a large different in cost. Just remember that comparing a wide range of rates gives you a better chance of getting better pricing.

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The car insurance bait and switch

Big name companies like Allstate and Progressive continually stream television, radio, and online ads. All the ads make the point that drivers will save a bundle if you just switch to them. It sounds good, but how can they all offer you a better deal?

Most companies have specific criteria for a prospective insured that will not have excessive claims. An example of this type of driver might be between 25 and 40, has other policies, and drives a vehicle with a low ISO rating. Anyone that hits that “sweet spot” will get the preferred auto insurance rates and most likely will save a lot if they switch.

People who are not a match for those standards will probably have to pay higher prices and the customer buying from someone else. The trick companies use is to say “drivers who switch” not “everybody who quotes” can save as much as they claim. This is how insurance companies can confidently make the claims of big savings.

This really illustrates why you need to quote coverage with many companies. It is impossible to guess with any certainty which company will fit your personal profile best.

Eight discounts for cheap insurance coverage rates

Insurance coverage is not cheap nor is it fun to buy but you might find some hidden discounts to help bring down the price. A few discounts will be applied at the time of purchase, but some need to be requested specifically prior to getting the savings.

• Paper-free Discount – Certain insurance companies will give a small break for signing up on your computer.
• Accident Waiver – Not a discount per se, but a handful of insurance companies will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims prior to the accident.
• No Claims – Good drivers with no accidents pay less when compared with insureds who have frequent claims or accidents.
• Payment Discounts – By paying your entire bill at once rather than spreading payments over time you may have a lower total premium amount.
• Federal Government Employee – Active or former government employment could cut as much as 10% off on 124 Spider coverage with select insurance companies.
• Onboard Data Collection – Drivers who elect to allow driving data submission to analyze driving habits by using a telematics device such as State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
• Active Military Service – Being deployed in the military could qualify you for better rates.
• Use Seat Belts – Drivers who require all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

We need to note that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.

A list of insurance coverage companies and some of their more popular discounts are outlined below.

• Mercury Insurance policyholders can earn discounts including multi-car, age of vehicle, type of vehicle, ease of repair, anti-theft, and annual mileage.
• Farmers Insurance offers premium reductions for pay in full, homeowner, distant student, good student, early shopping, teen driver, and alternative fuel.
• Farm Bureau has savings for renewal discount, safe driver, multi-vehicle, multi-policy, and good student.
• State Farm offers discounts including multiple autos, good driver, driver’s education, student away at school, multiple policy, and accident-free.
• Allstate offers discounts for senior citizen, passive restraint, premier plus, resident student, EZ pay plan discount, and teenSMART discount.
• Geico may offer discounts for seat belt use, anti-lock brakes, five-year accident-free, driver training, and anti-theft.

When getting a coverage quote, ask all companies you are considering which credits you are entitled to. Some of the discounts discussed earlier may not apply in every state. To view insurers that can offer you the previously mentioned discounts, click here.

Tailor your insurance coverage to you

When buying the right insurance coverage, there really is not a best way to insure your cars. Each situation is unique.

For instance, these questions might point out if your situation might need professional guidance.

• Should I buy additional glass protection?
• Is a fancy paint job covered?
• Can my teen driver be rated on a liability-only vehicle?
• What if I total my 2017 FIAT 124 Spider and owe more than it’s worth?
• Should I bundle my homeowners policy with my auto?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• How can I get high-risk coverage after a DUI?
• Can I make deliveries for my home business?
• Am I covered when using my vehicle for business?
• Do I need added coverage for expensive stereo equipment?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form.

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Coverages available on your policy

Knowing the specifics of a insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for rehabilitation expenses, ambulance fees, chiropractic care, EMT expenses and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

This will cover damages or injuries you inflict on other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims like pain and suffering, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Coverage for collisions

Collision insurance will pay to fix damage to your 124 Spider caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a building, colliding with another moving vehicle, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and also any damage incurred to your 2017 FIAT 124 Spider.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from getting keyed, a broken windshield and damage from flooding. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

In Summary

We covered a lot of techniques to compare 2017 FIAT 124 Spider insurance rates online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a small local company.

Consumers who switch companies do it for a number of reasons such as questionable increases in premium, poor customer service, being labeled a high risk driver or even policy cancellation. Whatever your reason, finding a new car insurance company is pretty easy and you might even save some money in the process.

Some insurance companies do not offer rates over the internet and most of the time these smaller companies provide coverage only through independent insurance agencies. Budget-friendly car insurance can be bought both online and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture.

Additional information can be read at these links:

• Auto Insurance Learning Center (State Farm)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• Understanding Your Insurance Deductible (Insurance Information Insitute)

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