View 2020 FIAT 124 Spider Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 22, 2024

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Looking for better insurance rates? Shoppers have options when shopping for low-cost FIAT 124 Spider insurance. They can either spend hours calling around getting price quotes or leverage the internet to get rate quotes. There is a right way and a wrong way to shop for insurance and we’ll show you the proper way to get price quotes for a FIAT and get the lowest price.

Affordable insurance coverage price quotes online

There are several ways to compare insurance coverage quotes, and some are less labor-intensive and much quicker. You can spend your afternoon talking to local insurance agents in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

Most car insurance companies are enrolled in a marketplace where insurance shoppers submit their information once, and at least one company returns a rated price based on that data. This eliminates the need for quote requests for each company.

To fill out one form to compare multiple rates now enter your zip code here.

The only downside to comparing rates this way is you can’t choose the providers you want to price. So if you prefer to pick from a list of companies to request quotes from, we have a page of low cost insurance coverage companies in your area. Click to enter zip code for insurance companies.

You can choose any of those ways to find more affordable coverage, but make sure you are using exactly the same quote data for each quote you get. If your comparisons have mixed coverages you will not be able to make a fair rate comparison.

Be skeptical of car insurance ads

Consumers can’t escape the ads that claim the cheapest rates by companies like State Farm and Allstate. All the ads advertise claims that drivers can save some big amount if you just switch your policy.

How does every car insurance company save you money? It’s all in how they say it.

All the different companies give the cheapest rates for the type of driver that will add to their bottom line. An example of this type of risk profile might be described as over the age of 40, has few claims, and drives a safe vehicle. Anybody that meets those criteria will get low premium rates and therefore will save money with a new company.

Consumers who don’t qualify for these stringent criteria will probably be forced to pay higher premium rates and this can result in business not being written. If you listen to the ad wording, they say “people that switch” but not “all drivers who get quotes” save the amount stated. That’s the way insurance companies can confidently advertise the savings. This really illustrates why you really need to compare free car insurance quotes often. It’s just too difficult to predict with any certainty which company will fit you best based on your risk profile.

These discounts can slash insurance coverage rates

Car insurance is not cheap, but you might already qualify for some discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you get a quote, but once in a while a discount must be manually applied prior to receiving the credit.

  • Memberships – Having an affiliation with certain professional organizations could qualify you for a break on your next renewal.
  • Driver Education Discount – Have your child complete a driver education course if offered at their school.
  • Auto/Home Discount – If you combine your auto and homeowners policies and insure them both with the same insurance company you could earn a discount of approximately 10% to 15%.
  • E-sign Discounts – A few insurance companies will give a small break for buying your policy digitally online.
  • College Student – Kids living away from home attending college and won’t have access to an insured vehicle could get you a discount.
  • Discount for Life Insurance – Not all companies offer life insurance, but some may give you lower rates if you buy life insurance from them.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may qualify for discounts as much as 30%.
  • Active Military Service – Being deployed with a military unit can result in better prices.

Discounts lower rates, but most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comp or med pay. Even though it appears you could get a free insurance coverage policy, companies don’t profit that way.

Large insurance coverage companies and some of their more popular discounts are detailed below.

  • American Family may include discounts for accident-free, bundled insurance, early bird, good student, multi-vehicle, good driver, and TimeAway discount.
  • Nationwide offers premium reductions for multi-policy, family plan, Farm Bureau membership, easy pay, good student, anti-theft, and accident-free.
  • MetLife discounts include claim-free, good driver, good student, accident-free, defensive driver, multi-policy
  • 21st Century includes discounts for early bird, homeowners, student driver, anti-lock brakes, good student, automatic seat belts, and theft prevention.
  • Farmers Insurance has savings for pay in full, homeowner, electronic funds transfer, alternative fuel, business and professional, teen driver, and good student.
  • Allstate offers discounts including safe driver, early signing, premier plus, good student, anti-lock brakes, and anti-theft.

Before buying, ask every prospective company which credits you are entitled to. Savings may not be available in your area. To find insurance companies that offer discounts, enter your zip code here.

When do I need an agent’s advice?

When it comes to buying the best auto insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is unique.

For instance, these questions could help you determine if you might need professional guidance.

  • How much can I save by bundling my policies?
  • Can I still get insurance after a DUI?
  • Does my car insurance cover rental cars?
  • Should I buy more coverage than the required minimum liability coverage?
  • When should I not file a claim?
  • Why do I only qualify for high-risk insurance?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete your zip code. It only takes a few minutes and can provide invaluable advice.

Coverages available on your insurance policy

Learning about specific coverages of insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like hitting a deer, falling objects, a tree branch falling on your vehicle, damage from a tornado or hurricane and hail damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as colliding with a tree, crashing into a ditch and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like funeral costs, pain medications, X-ray expenses, EMT expenses and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Auto liability insurance

Liability coverage can cover damage that occurs to other’s property or people in an accident. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as repair costs for stationary objects, court costs and emergency aid. How much coverage you buy is up to you, but consider buying higher limits if possible.

UM/UIM Coverage

This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Quote often and quote early

We just presented a lot of ways to lower your 2020 FIAT 124 Spider insurance premium rates. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the best premium rates are with a company that doesn’t do a lot of advertising.

Drivers switch companies for a number of reasons such as unfair underwriting practices, policy non-renewal, an unsatisfactory settlement offer or even being labeled a high risk driver. No matter why you want to switch, switching companies can be easy and end up saving you some money.

Low-cost 2020 FIAT 124 Spider insurance is available both online as well as from independent agents, so you need to shop car insurance with both in order to have the best chance of saving money. There are still a few companies who don’t offer online rate quotes and these regional insurance providers only sell through local independent agencies.

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