2016 FIAT 500L Insurance Rates – 10 Tips to Save

Want better insurance coverage rates for your FIAT 500L? Buying cheaper insurance coverage may seem to be difficult for consumers new to buying their insurance coverage on the web. With so many options of companies in the marketplace, how are consumers expected to have a chance to compare all the different companies and get better prices?

It’s a great practice to get comparison quotes on a regular basis because insurance rates fluctuate regularly. Even if you think you had the best rate for 500L insurance two years ago there is a good chance you can find better prices now. There is a lot of bad advice regarding insurance coverage out there, but we’re going to give you some proven techniques to find cheap insurance coverage.

The best way to compare insurance rates in your area is to understand most larger insurance companies have advanced systems to give rate comparisons. To start a quote, the only thing you need to do is provide details like which vehicles you own, what your job is, driver details, and if you lease or own. Those rating factors is then sent to many different companies and they respond with quotes immediately.

Ads can be misleading

Popular insurance coverage providers such as State Farm, Geico and Progressive seem to constantly run ads in print and on television. All the companies advertise claims that drivers can save some big amount if you change your coverage to them. How is it plausible that every one can charge you less for car insurance? Just pay attention to how they say it.

Most companies give the best rates for the driver that will most likely be profitable. One example of a profitable insured should be between 30 and 50, owns a home, and drives a lower-performance vehicle. Any new insured who fits those characteristics will qualify for the lowest car insurance rates and therefore will save money with a new company.

Drivers who are not a match for these standards may be required to pay higher rates which results in the driver buying from a lower-cost company. The wording the ads use say “people who switch” not “all people who quote” can save as much as they claim. That is how insurance companies can confidently make claims that they all have the best prices.

Because every company is different, you really need to get a wide range of price quotes. You cannot predict which insurance coverage company will give you the biggest savings.

Discount auto insurance rates

Companies offering auto insurance don’t list every discount they offer very clearly, so the below list has some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Discounts for Multiple Vehicles – Insuring multiple cars on one policy qualifies for this discount.
  • Student Discounts – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Pay Early and Save – If paying your policy premium upfront rather than paying monthly you can avoid the installment charge.
  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower auto insurance rates.
  • Life Insurance – Some insurance carriers give a lower auto insurance rate if you buy life insurance.
  • Discounts for Government Workers – Being employed by or retired from a federal job can earn a discount up to 10% for 500L insurance depending on your auto insurance provider.
  • E-sign – A few auto insurance companies give back up to $50 for signing up over the internet.
  • Responsible Driver Discount – Drivers who avoid accidents may save up to 50% more for 500L insurance than drivers with accidents.
  • Discount for New Cars – Insuring a vehicle that is new can get you a discount due to better safety requirements for newer models.
  • Onboard Data Collection – Insureds who allow their auto insurance company to track driving habits by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they show good driving skills.

A quick disclaimer, most credits do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Car insurance companies who might offer some of the above discounts possibly include:

It’s a good idea to ask all companies you are considering how you can save money. Savings might not be offered on policies in your area. To locate providers that provide some of the discounts listed above, follow this link.

Tailor your insurance coverage coverage to you

When choosing proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that can help discover whether or not you might need an agent’s assistance.

  • Am I covered by my spouse’s policy after a separation?
  • Is a blown tire covered by insurance?
  • Can my babysitter drive my car?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do all my vehicles need collision coverage?
  • When should I buy a commercial auto policy?
  • Am I covered when driving in Canada or Mexico?
  • How can I force my company to pay a claim?
  • Do I need PIP coverage since I have good health insurance?
  • How do I insure my teen driver?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverages for a FIAT 500L

Knowing the specifics of your insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from getting keyed, falling objects, vandalism and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage

This gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your FIAT 500L.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Auto liability

Liability coverage can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for things such as medical expenses, medical services and emergency aid. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Coverage for collisions

Collision coverage pays for damage to your 500L from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as driving through your garage door, crashing into a building, hitting a mailbox and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Coverage for medical payments

Med pay and PIP coverage kick in for immediate expenses such as X-ray expenses, dental work and pain medications. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Final thoughts

More affordable auto insurance can be bought on the web in addition to local insurance agencies, so get free insurance quotes from both of them to have the best chance of lowering rates. A few companies don’t offer internet price quotes and usually these small, regional companies prefer to sell through independent agencies.

People who switch companies do it for a variety of reasons including not issuing a premium refund, being labeled a high risk driver, extreme rates for teen drivers and policy non-renewal. No matter why you want to switch, finding the right auto insurance provider is pretty simple and you could end up saving a buck or two.

While you’re price shopping online, don’t be tempted to buy poor coverage just to save money. In many instances, someone dropped full coverage only to regret that it was a big error on their part. Your goal should be to buy a smart amount of coverage at a price you can afford but still have enough coverage for asset protection.

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