2014 FIAT 500L Insurance Quotes – 8 Ways to Save

Looking for cheaper insurance rates for your FIAT 500L? Nobody I know likes having to buy insurance, particularly when the cost is too high.

You have multiple insurance companies to insure vehicles with, and although it’s nice to be able to choose, it can be more challenging to find a good deal.

Consumers need to take a look at other company’s rates occasionally due to the fact that insurance rates are usually higher with each renewal. Just because you had the best rates for 500L coverage last year other companies may now be cheaper. Starting right now, ignore everything you know about insurance because you’re going to get a crash course in the proper way to save on insurance.

How to Compare Insurance Costs

There are several ways to compare rate quotes from different insurance companies. By far the easiest way to find competitive 2014 FIAT 500L insurance rates is to perform an online rate comparison. This can be accomplished using a couple different methods.

The easiest and least time consuming way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing separate quotes to each individual insurance company. A single, simple form will return price quotes from multiple companies.

A different way to find lower rates requires a visit to the website for each individual company and request a quote. For example, we’ll assume you want comparison quotes from Nationwide, Esurance and Allstate. To get rate quotes you would need to spend time on each company’s site to input your insurance information, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

Whichever way you use, ensure you’re using the exact same deductibles and coverage limits with every price quote. If you are comparing differing limits it will be impossible to determine the lowest rate for your FIAT 500L. Slightly different limits can make a big difference in price. And when price shopping your coverage, getting more free quotes gives you a better chance of getting the best rates.

Is there truth in advertising?

Auto insurance providers like State Farm, Allstate and GEICO regularly use ads in print and on television. They all make the same claim that you’ll save big if you move your policy. But how can every company make the same claim? This is how they do it.

Different companies have a preferred profile for the driver that earns them a profit. For example, a preferred risk could be between the ages of 30 and 50, owns a home, and has a high credit rating. Any driver who matches those parameters will get very good rates and therefore will save quite a bit of money when switching.

Consumers who are not a match for these standards will be quoted a more expensive rate which leads to business not being written. The ad wording is “people who switch” not “everybody who quotes” save money. That is how insurance companies can confidently state the savings.

This emphasizes why you need to get a wide range of price quotes. Because you never know which company will fit your personal profile best.

Save big with these eight discounts

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help offset the cost. Some trigger automatically at quote time, but a few must be asked about in order for you to get them.

  • Low Mileage Discounts – Keeping the miles down on your FIAT can earn a substantially lower rate.
  • Use Seat Belts – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% off your medical payments premium.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount for 500L coverage with certain companies.
  • Accident Forgiveness – A few companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Auto/Life Discount – Select insurance companies reward you with a discount if you purchase life insurance from them.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Multi-policy Discount – When you have multiple policies with one company you could get a discount of approximately 10% to 15%.

Keep in mind that most discount credits are not given to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will bring down the cost of coverage.

A partial list of companies that may offer some of the above discounts may include but are not limited to:

Check with all companies you are considering what discounts are available to you. Savings might not apply in every state.

But I don’t know anything about car insurance

When it comes to choosing the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique so this has to be addressed. These are some specific questions may help highlight whether or not you could use an agent’s help.

  • What are the best liability limits?
  • Is extra glass coverage worth it?
  • Is my dog or cat covered if injured in an accident?
  • Is motorclub coverage worth it?
  • Are my friends covered when driving my 2014 FIAT 500L?
  • Does my liability insurance cover pulling a trailer or camper?
  • Are my friends covered when driving my car?
  • If I drive on a suspended license am I covered?
  • Do I have coverage when pulling a U-Haul trailer?
  • Do I have coverage for damage caused while driving under the influence?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance policy specifics

Understanding the coverages of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages found on the average auto insurance policy.

Liability insurance – Liability insurance provides protection from damage or injury you incur to people or other property by causing an accident. This insurance 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: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like medical expenses, funeral expenses, repair bills for other people’s vehicles, structural damage and medical services. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Comprehensive auto insurance – This pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from getting keyed, a tree branch falling on your vehicle and fire damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for expenses for X-ray expenses, ambulance fees and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Collision coverage – Collision coverage will pay to fix damage to your 500L from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like colliding with another moving vehicle, driving through your garage door, backing into a parked car, colliding with a tree and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers – This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people 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 a good idea. Normally these limits are identical to your policy’s liability coverage.

Summing up your insurance search

Cheap 2014 FIAT 500L insurance can be found on the web in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies do not provide online price quotes and these small, regional companies work with independent agents.

As you restructure your insurance plan, do not buy poor coverage just to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at an affordable rate.

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