Cheaper 2016 FIAT 500X Insurance Cost

Are you tired of scraping the payment together each month for car insurance? Your situation is no different than most other car owners. Many insurance companies vie for your insurance dollar, so it’s not easy to compare every insurer and get the definite lowest rate possible.

You should take the time to compare rates periodically because insurance rates are variable and change quite frequently. Just because you found the lowest price on 500X coverage six months ago other companies may now be cheaper. Block out anything you think you know about auto insurance because we’re going to demonstrate how to use the internet to get good coverage at a lower rate.

Why your FIAT 500X insurance rates may be high

An important part of buying insurance is that you know some of the elements that go into determining insurance rates. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Having a spouse can save you money – Being married helps lower the price when buying insurance. Having a significant other usually means you are more mature and responsible and it’s proven that married drivers get in fewer accidents.
  • Poor driving leads to higher costs – Drivers who don’t get tickets have lower premiums than bad drivers. Even one ticket can bump up the cost twenty percent or more. Drivers with serious tickets such as DUI or reckless driving are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Extra coverages can waste money – There are many extra coverages you can purchase when buying insurance. Things like personal injury protection, better glass coverage and membership fees are examples of these. These may sound like a good investment when talking to your agent, but your needs may have changed so remove them from your policy.
  • Liability insurance protects assets – Liability coverage provides coverage if a jury decides you are liable for damages caused by your negligence. It will provide legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.

Take advantage of discounts

Companies don’t necessarily list all available discounts very well, so we researched some of the best known and also the lesser-known ways to save on car insurance. If you don’t get every credit possible, you’re paying more than you need to.

  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Accident Free – Good drivers with no accidents pay much less compared to bad drivers.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% on 500X coverage with select insurance companies.
  • Organization Discounts – Belonging to a qualifying organization may earn a discount when buying car insurance on 500X coverage.
  • Discount for New Cars – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy life insurance from them.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
  • Driver Safety – Successfully completing a course teaching defensive driving skills could cut 5% off your bill and easily recoup the cost of the course.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

It’s important to note that most discount credits are not given the the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way.

For a list of insurers with the best car insurance discounts, click here to view.

How to know if you need help

When buying adequate coverage, there really is no best way to insure your cars. Each situation is unique and your policy should reflect that. For instance, these questions may help highlight if your insurance needs would benefit from professional advice.

  • Does insurance cover damages from a DUI accident?
  • Do I have coverage when using my vehicle for my home business?
  • Is my teen driver covered when they drive my company car?
  • What is no-fault insurance?
  • Is business equipment covered while in my vehicle?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Do I benefit by insuring my home with the same company?
  • Is rental equipment covered for theft or damage?
  • Does liability extend to a camper or trailer?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.

What insurance coverages do you need?

Knowing the specifics of your insurance policy can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverages available from insurance companies.

Comprehensive insurance – This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, fire damage, damage from getting keyed and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Auto liability – This coverage can cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and 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. As an example, you may have values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers claims such as pain and suffering, legal defense fees, structural damage and medical expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for expenses for prosthetic devices, nursing services and pain medications. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision – Collision coverage pays for damage to your 500X resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like backing into a parked car, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

Feed the piggy bank

You just read many ways to save on 2016 FIAT 500X insurance. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. Consumers could even find that the lowest premiums are with some of the smallest insurance companies. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.

When you buy insurance online, don’t be tempted to reduce coverage to reduce premium. There are a lot of situations where an insured dropped liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.

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