2013 FIAT 500 Insurance Rates in 2024 – 9 Ways to Save

Are you kicking yourself for buying an underperforming, overpriced auto insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their auto insurance policy. Companies like Allstate and Progressive all claim big savings with ad campaigns and it is difficult to separate fact from fiction and do the work needed to find the best deal.

You should make it a habit to price shop coverage before your next renewal because prices are variable and change quite frequently. Just because you found the lowest quotes for 500 coverage last year you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to use online quotes to properly buy coverages while reducing your premium.

The most recommended method to compare rates is to know the trick almost all companies participate in online systems to compare rate quotes. The one thing you need to do is give them rating details such as coverage limits, how you use your vehicles, your credit rating estimate, and the type of vehicles you drive. The rating information gets transmitted to many highly-rated insurers and they return quotes very quickly.

Insurance buyers beware

Consumers can’t get away from ads for the lowest price insurance by GEICO, State Farm and Progressive. All the ads state the claim that drivers will save a bundle if you switch your policy.

How do they all charge you less for car insurance? You have to listen carefully.

Insurance providers have strict underwriting profiles for a prospective insured that earns them a profit. A good example of a driver they prefer may be between the ages of 30 and 50, has other policies, and drives a lower-performance vehicle. A customer that meets those criteria receive the lowest rate quotes and will pay quite a bit less when switching companies.

People who cannot meet those standards will be quoted a more expensive rate which results in the driver buying from a lower-cost company. The trick companies use is to say “drivers who switch” not “everyone who quotes” save that much money. That’s why insurance companies can confidently make claims that they all have the best rates.

Each company has different criteria, so drivers should get a wide range of price quotes. It’s just not possible to know the company that will fit your personal profile best.

Find hidden discounts to get affordable auto insurance quotes

Some providers don’t always advertise their entire list of discounts in a way that’s easy to find, so the list below contains both the well known and also the lesser-known credits available to you.

• Save over 55 – Drivers over the age of 55 are able to get a discount up to 10% for 500 coverage.
• Multiple Cars – Drivers who insure multiple vehicles with the same auto insurance company qualifies for this discount.
• Telematics Data – Insureds that choose to allow data collection to look at driving patterns by using a small device installed in their vehicle such as Progressive’s Snapshot could save a few bucks as long as they are good drivers.
• Seat Belt Discounts – Forcing all vehicle occupants to use their safety belts can save a little off the personal injury premium cost.
• Own a Home and Save – Just being a homeowner can save a few bucks since owning and maintaining a home shows financial diligence.
• Sign Online – A few companies will give you a small discount for completing your application on their website.
• Accident Waiver – This one is not really a discount per se, but companies like Liberty Mutual, Allstate and State Farm allow you one accident before raising your premiums if your claims history is clear prior to the accident.
• Savings for New Vehicles – Buying a new car model can save you some money because new vehicles keep occupants safer.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.

Don’t be surprised that some credits don’t apply to the entire policy premium. Most only reduce the cost of specific coverages such as comp or med pay. So when it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

Companies and some of the premium reductions they offer include:

• Farmers Insurance may offer discounts for youthful driver, switch companies, multi-car, business and professional, and good student.
• State Farm offers discounts for multiple policy, accident-free, passive restraint, multiple autos, good driver, safe vehicle, and good student.
• Liberty Mutual offers discounts including multi-policy, new graduate, preferred payment discount, safety features, and new vehicle discount.
• MetLife discounts include multi-policy, claim-free, defensive driver, good driver, good student, accident-free
• Progressive may have discounts that include online signing, homeowner, good student, multi-vehicle, and continuous coverage.

It’s a good idea to ask each insurance company which credits you are entitled to. Some discounts might not apply in your area. To see a list of auto insurance companies who offer discounts, enter your zip code here.

Tailor your insurance coverage coverage to you

When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you might need professional guidance.

• Is a blown tire covered by insurance?
• Do I need Motor Club coverage?
• Is there coverage for injuries to my pets?
• Will I lose any money if I cancel my policy before it expires?
• Does liability extend to a camper or trailer?
• Does coverage extend to Mexico or Canada?
• What is an SR-22 filing?
• How much liability coverage do I need in my state?
• Does having multiple vehicles earn me a discount?
• Which is better, split liability limits or combined limits?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete your zip code. It is quick, free and can help protect your family.

The coverage is in the details

Understanding the coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages available from insurance companies.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, hitting a parking meter, driving through your garage door and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like chiropractic care, EMT expenses, rehabilitation expenses, pain medications and prosthetic devices. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability auto insurance – Liability insurance protects you from damage that occurs to other people or property that is your fault. 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 commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things such as repair bills for other people’s vehicles, bail bonds, medical services and pain and suffering. How much coverage you buy is your choice, but consider buying as much as you can afford.

Comprehensive coverages – This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, falling objects, damage from flooding and a broken windshield. The maximum amount 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.

Affordable insurance is out there

A few companies do not provide the ability to get quotes online and most of the time these smaller companies prefer to sell through independent insurance agents. Budget-friendly insurance coverage can be sourced from both online companies and also from your neighborhood agents, so you need to compare both in order to have the best chance of saving money.

You just learned many tips how you can compare 2013 FIAT 500 insurance rates online. It’s most important to understand that the more quotes you get, the higher your chance of finding inexpensive insurance. Consumers could even find that the lowest priced insurance coverage comes from some of the lesser-known companies. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

When searching for low cost insurance quotes, don’t be tempted to reduce needed coverages to save money. In many cases, drivers have reduced liability coverage limits only to discover later that they should have had better coverage. The goal is to get the best coverage possible at the best price while not skimping on critical coverages.