2014 FIAT 500e Insurance Cost

Trying to find better auto insurance rates for your FIAT 500e? Having to pay for expensive FIAT 500e insurance can overdraw your accounts and force you to prioritize other expenses. Price shopping at each renewal is a smart way to reduce premiums and put more money in your pocket.

Multiple insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and get the best coverage at the best price available.

It’s a good idea to do rate comparisons every six months because insurance rates are usually higher with each renewal. Despite the fact that you may have had the best rate on 500e coverage a couple years back other companies may now be cheaper. There is lot of inaccurate information about auto insurance online, but in a few minutes you can learn some great ways to lower your auto insurance premiums.

Verify you’re earning every discount

Car insurance companies don’t always publicize every disount available very well, so below is a list both well-publicized as well as the least known credits available to lower your premiums when you buy auto insurance online.

  • Waiver for an Accident – Not necessarily a discount, but some insurance companies will forgive one accident without raising rates if you have no claims for a set time period.
  • Homeowners Pay Less – Owning your own home or condo can save you money because maintaining a house demonstrates responsibility.
  • Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen so companies will give you a small discount.
  • Federal Employees – Simply working for the federal government can save as much as 8% on 500e coverage depending on your company.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you better prices if you take out a life insurance policy as well.
  • Low Miles Discount – Maintaining low annual mileage can earn lower premium rates due to less chance of an accident.
  • Sign Early and Save – Some larger companies provide a discount for renewing your policy prior to your current policy expiration. It’s a savings of about 10%.

You should keep in mind that most credits do not apply to the entire policy premium. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you could get a free auto insurance policy, that’s just not realistic. But all discounts will definitely reduce the amount you have to pay.

Larger auto insurance companies and some of the discounts are outlined below.

  • Farmers Insurance may offer discounts for multi-car, good student, mature driver, alternative fuel, business and professional, switch companies, and early shopping.
  • State Farm has savings for multiple policy, good driver, defensive driving training, safe vehicle, Drive Safe & Save, multiple autos, and accident-free.
  • Liberty Mutual offers discounts including good student, newly married, new vehicle discount, preferred payment discount, and newly retired.
  • MetLife may have discounts that include accident-free, multi-policy, claim-free, good driver, and defensive driver.
  • Progressive policyholders can earn discounts including online quote discount, continuous coverage, online signing, good student, and multi-policy.

If you need lower rates, check with each company or agent to apply every possible discount. Some of the discounts discussed earlier may not be offered in your state. For a list of providers who offer discounts, click this link.

Get cheap insurance premiums by understanding these factors

One of the most helpful ways to save on car insurance is to to have a grasp of the factors that come into play when calculating the level of your policy premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that can help you get better car insurance rates. Many things are considered when premium rates are determined. A few of the factors are predictable such as your driving record, but some are more transparent such as whether you are married or your vehicle rating.

  • You might want pay the small policy claims yourself – If you are the type of insured that files lots of claims don’t be surprised to see either policy cancellation or increased premiums. Car insurance companies provide lower rates to policyholders who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
  • Adjust physical damage deductibles and save – The deductibles you choose state the amount of money the insured will be required to pay if you file a covered claim. Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply could be collision with another vehicle, fire damage, or theft of your vehicle. The more of the claim you are required to pay out-of-pocket, the lower your rates will be on 500e coverage.
  • No policy lapses saves money – Allowing your car insurance policy to lapse can be a guaranteed way to increase your car insurance rates. In addition to paying higher rates, being ticketed for driving with no insurance might get you a steep fine or even jail time.
  • Accidents hurt – Whether or not you get tickets has a huge affect on how much you pay. Just one driving citation can bump up the cost substantially. Attentive drivers receive lower rates as compared to careless drivers. People who have dangerous violations like reckless driving or DUI may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.

When should I discuss my situation with an agent?

When it comes to choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might help in determining whether you may require specific advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Why do I need rental car insurance?
  • Can I afford to buy a different vehicle if my 2014 FIAT 500e is totaled?
  • What is the minimum liability in my state?
  • What is the difference between comprehensive and collision coverage?
  • What is PIP insurance?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Car insurance coverages for a FIAT 500e

Learning about specific coverages of your auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be confusing and reading a policy is terribly boring. Shown next are typical coverage types available from auto insurance companies.

Auto liability – Liability insurance will cover damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage pays for things like court costs, funeral expenses and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like rock chips in glass, hail damage, damage from getting keyed, theft and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your FIAT 500e.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for bills like EMT expenses, nursing services and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision – This covers damage to your 500e resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, hitting a mailbox, damaging your car on a curb, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Pennies from heaven

We just covered many ways to get a better price on 2014 FIAT 500e insurance. The key thing to remember is the more times you quote, the better your comparison will be. You may even find the best price on insurance is with some of the lesser-known companies. Regional companies may have significantly lower car insurance rates on certain market segments compared to the large companies like State Farm or Progressive.

When trying to cut insurance costs, do not skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits and learned later that they should have had better coverage. Your objective should be to get the best coverage possible at the best possible price, not the least amount of coverage.

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