Lower Your 2015 FIAT 500 Insurance Quotes

Are you regretting the purchase of an expensive car insurance policy? Trust us, many consumers feel financially strained by their car insurance policy.

Vehicle owners have so many car insurance companies to choose from, and although it’s nice to have a choice, it can be more difficult to find the best rates for your vehicles.

How to buy insurance

All major insurance companies like State Farm, GEICO and Progressive give insurance quotes on their websites. Comparing rates online is pretty painless because it’s just a matter of typing in your required coverages into the quote form. Once entered, their system automatically orders reports for credit and driving violations and gives you a price quote. This makes it a lot easier to compare rates but having to visit a lot of sites and enter the same data into a form is not the best way to spend an afternoon. But it is imperative to have as many quotes as possible if you are searching for the lowest possible prices on insurance.

A quicker way to compare rates is to use a quote form that gets prices from several different companies. It’s a real time-saver, requires less work, and makes online shopping much easier to do. As soon as you send your information, it gets priced and you can choose any one of the pricing results.

If you find a better price it’s easy to complete the application and buy the policy. This process just takes a couple of minutes and could lower your rates considerably.

To compare rates now, click here to open in a new tab and complete the simple form. If you have your current policy handy, we recommend you enter as close as possible to your current policy. This helps ensure you are getting rate comparison quotes for the exact same coverage.

Verify you’re earning every discount

Some insurance providers don’t necessarily list every policy discount in an easy-to-find place, so we took the time to find both well-publicized as well as the least known ways to save on auto insurance.

  • Savings for New Vehicles – Putting insurance coverage on a new car can cost up to 25% less compared to insuring an older model.
  • Air Bag Discount – Factory options such as air bags or automatic seat belts could see savings as much as 30%.
  • Senior Discount – If you qualify as a senior citizen, you may qualify for lower premium rates for 500 coverage.
  • Professional Memberships – Participating in qualifying employment or professional organizations can get you a small discount when getting a car insurance quote.
  • Cautious Driver Discount – Accident-free drivers can get discounts for up to 45% lower rates for 500 coverage than drivers with accident claims.
  • Online Discount – Many insurance companies will give you a small discount simply for signing on the internet.
  • Government Employee Discount – Being employed by or retired from a federal job may reduce rates when you quote car insurance for 500 coverage depending on your auto insurance provider.

A quick disclaimer, most discounts do not apply to the entire cost. Most only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, nobody gets a free ride.

A few of the larger companies and some of their more popular discounts are included below.

  • GEICO offers discounts for air bags, good student, defensive driver, seat belt use, and anti-lock brakes.
  • Auto-Owners Insurance includes discounts for safe vehicle, multi-policy, anti-theft, student away at school, mature driver, and anti-lock brakes.
  • American Family offers discounts including good student, good driver, air bags, mySafetyValet, accident-free, and multi-vehicle.
  • Esurance policyholders can earn discounts including emergency road assistance, Switch & Save, multi-policy, anti-theft, online shopper, anti-lock brakes, and homeowner.
  • Progressive offers premium reductions for continuous coverage, online quote discount, online signing, multi-policy, and multi-vehicle.
  • State Farm may offer discounts for Drive Safe & Save, defensive driving training, anti-theft, safe vehicle, and accident-free.
  • AAA discounts include anti-theft, multi-car, good driver, education and occupation, and good student.

Before buying, ask each insurance company which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders in your area. To choose auto insurance companies offering auto insurance discounts, click here to view.

Why you might pay lower rates

Lots of things are considered when pricing auto insurance. Some factors are common sense like an MVR report, but other factors are not as apparent like your vehicle usage or your vehicle rating.Consumers need to have an understanding of some of the things that help determine the rates you pay for insurance. When you know what positively or negatively influences your rates, this allows you to make good choices that will entitle you to lower premium levels.

The factors shown below are a few of the “ingredients” insurance companies consider when setting your rates.

  • Do you need those extra coverages? – Insurance policies have a lot of add-on coverages you can purchase if you aren’t careful. Add-on coverages like coverage for rental cars, accident forgiveness, and extra life insurance coverage could be just wasting money. You may think they are a good idea when discussing your needs, but your needs may have changed so remove them and pocket the money.
  • How do annual miles impact costs? – Driving more miles each year the higher the price you pay to insure it. The majority of insurers calculate prices based upon how much you drive. Cars that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. An incorrectly rated 500 may be costing you. It’s a good idea to make sure your vehicle rating states the proper vehicle usage, because it can save money.
  • Rates increase with driving citations – Having just one speeding ticket or other violation may cause rates to rise by as much as thirty percent. Drivers with clean records pay less for auto insurance than their less careful counterparts. Drivers with multiple tickets like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with their state in order to legally drive.
  • What are your deductibles? – Your deductibles define the amount you are required to spend if the claim is covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of claims that would be covered are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more of the claim you’re willing to pay, the less your insurance will be for 500 coverage.
  • Which gender costs less? – Statistics have proven that men are more aggressive behind the wheel. It does not mean females are better drivers. Women and men are responsible for fender benders in similar numbers, but men have costlier accidents. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers are several times more likely to be in an accident and are penalized with high insurance rates.
  • Costs may be higher where you live – Living in a rural area can save you money when trying to find low car insurance rates. Lower population translates into fewer accidents in addition to lower liability claims Urban drivers have to deal with traffic congestion and a longer drive to work. Spending more time driving statistically corresponds to a higher accident and claim rate.
  • Multiple policies with one company can save – Some companies allow better rates to policyholders that buy multiple policies in the form of a multi-policy discount. Even if you’re getting this discount you may still want to shop around to guarantee you are still saving the most. You may still find a better deal by splitting coverages up.
  • Excellent credit means lower rates – Having a good credit score is a large factor in calculating your insurance rates. Drivers with excellent credit tend to be more responsible and file fewer claims than drivers who have poor credit scores. Therefore, if your credit can be improved, you may save money insuring your 2015 FIAT 500 if you improve your credit rating.

When should I discuss my situation with an agent?

When choosing coverage for your vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might point out if you could use an agent’s help.

  • If my 2015 FIAT 500 is totaled, can I afford another vehicle?
  • Do I have coverage if my license is suspended?
  • Am I covered if I break a side mirror?
  • Is extra glass coverage worth it?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need more liability coverage?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area.

Educate yourself about auto insurance coverages

Knowing the specifics of your auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average auto insurance policy.

Comprehensive (Other than Collision) – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as vandalism, hail damage and hitting a deer. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability insurance – Liability insurance will cover injuries or damage you cause to other’s property or people. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like medical services, emergency aid, repair costs for stationary objects, loss of income and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like dental work, funeral costs and pain medications. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and 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

Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your 2015 FIAT 500.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage – Collision insurance pays for damage to your 500 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, crashing into a ditch and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Final considerations

More affordable insurance is attainable from both online companies and from local insurance agents, so get free car insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer online rate quotes and usually these regional insurance providers sell through local independent agents.

As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In too many instances, drivers have reduced liability limits or collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the lowest possible cost, but do not skimp to save money.

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