2016 FIAT 500L Car Insurance Rates

Searching for lower insurance coverage rates for your FIAT 500L? Wish you could get out of an underperforming, overpriced insurance coverage policy? It’s quite common and there are lots of residents who feel the same. Numerous car insurance companies battle for your hard-earned dollar, so it can be very hard to choose a provider and get the best coverage at the best price available.

It’s a good habit to get comparison quotes once or twice a year because insurance coverage rates fluctuate regularly. Just because you found the best rate on 500L insurance a couple years back you will most likely find a better price today. Don’t believe everything you read about insurance coverage on the internet, but in this article, you’re going to get some great ideas on how to stop overpaying for insurance.

Smart buyers can cut insurance costs

Lots of factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other factors are not as apparent like your vehicle usage or your vehicle rating.A large part of saving on insurance is knowing a few of the rating criteria that aid in calculating the rates you pay for insurance. If you know what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with lower rates.

The factors shown below are some of the items used by companies to determine your rate level.

  • Male premiums may be higher – Statistics have proven that females tend to be a little less risky than males. However, don’t assume that men are WORSE drivers than women. Both genders are responsible for accidents at about the same rate, but men have accidents that have higher claims. Men also get more serious tickets such as reckless driving.
  • Long commutes cost more – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Almost all companies apply a rate based upon how the vehicle is primarily used. Autos that are left in the garage qualify for better rates than vehicles that are driven to work every day. It’s a smart idea to ensure your insurance coverage shows the correct usage for each vehicle. Incorrect rating for your 500L is just wasting money.
  • Liability coverage – Your insurance policy’s liability coverage provides coverage in the event that a jury decides you are liable for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense to defend your case. Liability insurance is pretty cheap compared to physical damage coverage, so do not cut corners here.
  • Gaps in coverage mean higher insurance rates – Having an insurance coverage lapse will be a fast way to drive up your policy premiums. And not only will your rates increase, getting caught without coverage will get you a fine, jail time, or a revoked license. You may then have to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Qualify for multi-policy discounts – Lots of insurance companies allow a discount to people that buy multiple policies in the form of a multi-policy discount. The amount of the discounts can be ten percent or more. If you currently are using one company, you may still want to compare rates to help guarantee you have the best rates.
  • Less chance of injury means lower premiums – Cars with five star safety ratings tend to be cheaper to insure. Safer cars reduce the chance of injuries and lower injury rates means lower claim amounts and cheaper rates on your policy. If your FIAT 500L scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
  • Costs increase with policy add-ons – There are a ton of extra coverages that you can buy if you aren’t careful. Insurance for things like vanishing deductibles, towing, and Farm Bureau memberships are some examples. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so think about removing them and cutting costs.

Are you getting every discount?

Insurance is not cheap nor is it fun to buy but there are discounts available that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be inquired about before you will receive the discount.

  • Multi-policy Discount – If you combine your auto and home policies with the same company you may earn 10% to 20% off each policy.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
  • Sign Early and Save – A few companies allow discounts for switching policies early. The savings is around 10%.
  • Senior Citizen Discount – Drivers over the age of 55 may qualify for reduced rates on 500L insurance.
  • Defensive Driver – Participating in a class that teaches defensive driver techniques may get you a small discount if you qualify.
  • Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
  • No Accidents – Claim-free drivers can earn big discounts when compared with drivers who are more careless.

Consumers should know that some of the credits will not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any amount of discount should definitely cut the cost of coverage.

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

Before buying, ask all companies you are considering to apply every possible discount. Depending on the company, some discounts may not be offered in your area. To locate providers with significant discounts, follow this link.

Don’t believe everything you hear

Drivers can’t escape the ads for cheaper auto insurance by companies like State Farm and Allstate. All the companies advertise the message that people will save if you switch your coverage to them.

How do they all charge less that you’re paying now?

Insurance providers have specific guidelines for a prospective insured that will generate a profit. An example of a driver they prefer could possibly be between 25 and 40, has had continuous coverage, and has great credit. A driver who meets those qualifications will get low prices and therefore will pay quite a bit less when switching companies.

Potential customers who don’t measure up to this ideal profile may be forced to pay a more expensive rate which translates to the customer not buying. Company advertisements say “drivers that switch” but not “all drivers who get quotes” save the amount stated. This is how companies can truthfully make those statements.

Because each company has a different risk profile, you really should get a wide range of price quotes. Because you never know which company will have the best premium rates.

When in doubt talk to an agent

When buying the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions might help in determining if you could use an agent’s help.

  • Can I afford to buy a different vehicle if my 2016 FIAT 500L is totaled?
  • Why is insurance for a teen driver so high?
  • What is UM/UIM insurance?
  • Which is better, split liability limits or combined limits?
  • How can I get my company to pay me more for my totalled car?
  • Is my 2016 FIAT 500L covered for flood damage?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Car insurance coverage specifics

Having a good grasp of your car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages found on the average car insurance policy.

Collision coverage – Collision coverage covers damage to your 500L resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like hitting a mailbox, rolling your car, sustaining damage from a pot hole, backing into a parked car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverages – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like falling objects, damage from getting keyed, a broken windshield, fire damage and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for bills for chiropractic care, EMT expenses, rehabilitation expenses and X-ray expenses. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people 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 is very important. Usually these limits are similar to your liability insurance amounts.

Liability coverages – Liability insurance protects you from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

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 policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as bail bonds, medical expenses, funeral expenses, court costs and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Be a money saver!

As you shop your coverage around, do not sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy enough coverage at the lowest possible cost while not skimping on critical coverages.

You just learned some good ideas how to reduce 2016 FIAT 500L insurance car insurance rates online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting inexpensive auto insurance. You may be surprised to find that the lowest car insurance rates are with a smaller regional carrier. These companies often have lower premium rates on specific markets compared to the large companies like State Farm, GEICO and Nationwide.

Cheaper 2016 FIAT 500L insurance can be bought online and from local insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not provide online price quotes and most of the time these small, regional companies prefer to sell through independent insurance agents.

More detailed insurance coverage information can be found in the articles below: