Save on 2014 FIAT 500L Insurance Cost

Drivers have a choice when trying to find the best price on FIAT 500L insurance. You can either waste hours contacting agents getting price quotes or use the internet to make rate comparisons. There is a better way to buy auto insurance and you need to know the quickest way to price shop coverage for a new or used FIAT and find the cheapest rates from local insurance agents and online providers.

You should make it a habit to compare rates as often as possible because insurance prices are variable and change quite frequently. Just because you found the lowest rate for 500L coverage a year ago you may be paying too much now. There is too much inaccurate information about auto insurance out there, but I’m going to show you some solid techniques on how to buy auto insurance cheaper.

Save money with discounts

Auto insurance companies don’t always list all disounts very clearly, so we took the time to find some of the more common and also the more inconspicuous discounts that may be available.

  • Discount for New Cars – Putting car insurance coverage on a new car may earn a small discount since new model year vehicles have better safety ratings.
  • Include Life Insurance and Save – Larger insurance companies have better rates if you take out some life insurance too.
  • No Claim Discounts – Claim-free drivers are rewarded with significantly better rates on insurance quote compared to bad drivers.
  • Multi-car Discount – Buying a policy with multiple vehicles with the same car insurance company can get a discount on all vehicles.
  • Passive Restraints – Cars that have air bags or motorized seat belts can receive discounts of more than 20%.
  • Paperwork-free – A few larger online companies may give you up to $50 get insurance on the internet.
  • Homeowners Pay Less – Just being a homeowner can help you save on car insurance because owning a home means you have a higher level of financial diligence.
  • Government Employee Discount – Active or former government employment can earn a discount up to 10% for 500L coverage with select insurance companies.
  • Distant Student – Older children who attend college more than 100 miles from home and do not have a car may qualify for this discount.
  • First Accident Forgiveness – Not a discount per se, but a few companies such as Liberty Mutual and GEICO will turn a blind eye to one accident before hitting you with a surcharge with the catch being you have to be claim-free for a set time period.

A little disclaimer on discounts, most credits do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

To locate providers with significant discounts, click this link.

Why your insurance rates might be higher

The best way to find cheaper auto insurance is to take a look at some of the elements that help determine your policy premiums. If you know what impacts premium levels, this allows you to make educated decisions that can earn you lower auto insurance prices.

  • Rural vs Urban Areas – Being located in a small town may provide you with better prices when buying auto insurance. Fewer drivers and short commutes translates into fewer accidents as well as less vandalism and auto theft. Residents of big cities have to deal with more auto accidents and longer commutes to work. The longer drive time translates into higher accident risk.
  • Gender and car insurance rates – Over the last 30 years, statistics show women are more cautious behind the wheel. However, this does not mean women are better drivers. Men and women get in at-fault accidents at about the same rate, but the men tend to have higher claims. In addition to higher claims, males also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 have the highest risk to insure and therefore have the most expensive auto insurance rates.
  • Safer cars lower auto insurance rates – Cars with high safety ratings are cheaper to insure. Vehicles built for safety result in less severe injuries and fewer injuries means lower claim amounts passed on to you as lower rates.
  • Save by driving less – The more you drive in a year the higher the price you pay to insure it. Almost all companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that have low annual miles can be on a lower rate level than those used for commuting. Make sure your declarations sheet shows the correct usage for each vehicle, because it can save money. Improper usage on your 500L may be costing you higher rates.
  • Premiums are high for teenagers – Mature drivers are more cautious drivers, file fewer claims , and are generally more financially stable.Beginning drivers are statistically proven to get distracted easily behind the wheel and because of this, their auto insurance rates are much higher.
  • A auto insurance lapse can increase auto insurance rates – Allowing your auto insurance policy to lapse will be a sure-fire way to increase your rates. Not only will you pay higher rates, getting caught without coverage can result in fines and jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Your job and auto insurance rates – Careers like fire fightersairline pilots and dentists generally pay higher rates than the rest of us attributed to stressful work requirements and lots of time spent away from family. On the flip side, professions such as actors, engineers and retirees have lower than average premiums for 500L coverage.

What is the best insurance coverage coverage?

When it comes to buying the best insurance coverage coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different.

These are some specific questions could help you determine if your situation would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered when driving in Canada or Mexico?
  • At what point should I drop full coverage?
  • When should I buy a commercial auto policy?
  • What is UM/UIM insurance?
  • Should I buy only the required minimum liability coverage?
  • When do I need to add a new car to my policy?
  • Are my friends covered when driving my 2014 FIAT 500L?
  • How high should deductibles be on a 2014 FIAT 500L?
  • How do I insure my teen driver?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can provide invaluable advice.

Coverages available on your policy

Understanding the coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as damage to your FIAT 500L.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for immediate expenses for funeral costs, EMT expenses, X-ray expenses, prosthetic devices and dental work. They are often 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 any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Comprehensive insurance

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like fire damage, falling objects and theft. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage protection

This covers damage to your 500L resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with a tree, hitting a parking meter, crashing into a building, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Auto liability

This coverage provides protection from injuries or damage you cause to other people or property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as legal defense fees, repair costs for stationary objects, emergency aid and funeral expenses. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Be a smart shopper

As you prepare to switch companies, you should never buy less coverage just to save a little money. In too many instances, someone dropped collision coverage only to regret that it was a big error on their part. The ultimate goal is to purchase plenty of coverage at the best possible price while not skimping on critical coverages.

Lower-priced insurance is attainable online as well as from independent agents, so you should compare both so you have a total pricing picture. Some insurance providers may not have rate quotes online and usually these small, regional companies only sell coverage through independent agents.

Insureds leave their current company for any number of reasons including an unsatisfactory settlement offer, not issuing a premium refund, high prices and extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new insurance company can be easier than you think.

Additional detailed information is located in the articles below: