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.
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.
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.
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:
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.
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.
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.
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.
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
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 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.
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.
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.
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.