How Much Does 2017 FIAT 124 Spider Insurance Cost?

Trying to find low-cost insurance for a new or used FIAT 124 Spider can turn out to be an all-consuming task, but you can use our insurance coverage buying tips to find lower rates.

There is a better way to find insurance coverage online and you need to know the quickest way to compare rates for your FIAT and locate the lowest possible price from local insurance agents and online providers.

Smart consumers take time to compare prices once or twice a year because prices tend to go up over time. Just because you found the lowest quotes on 124 Spider insurance on your last policy you may be paying too much now. Block out anything you think you know about insurance coverage because you’re about to learn the fastest way to find better rates and still maintain coverage.

The best way we recommend to compare insurance rates from multiple companies is to know most of the bigger providers allow for online access to provide you with free rate quotes. The one thing you need to do is provide a little information like whether you are single or married, whether you have decent credit, if you have a valid license, and how much education you have. That rating information is instantly provided to multiple auto insurance providers and you will get price comparisons with very little delay.

Earn discounts on insurance coverage

Insuring your vehicles can cost a lot, but you may find discounts that many consumers don’t even know exist. A few discounts will be applied at quote time, but a few must be manually applied before you get the savings.

  • Discounts for Good Drivers – Drivers who avoid accidents can save up to 40% or more on their car insurance quote on 124 Spider insurance than their less cautious counterparts.
  • Own a Home and Save – Owning a house can save you money because maintaining a house is proof that your finances are in order.
  • Good Students Pay Less – Being a good student can be rewarded with saving of up to 25%. This discount can apply until age 25.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save 10% or more off PIP or medical payments premium.
  • Accident-Free Discounts – Claim-free drivers are rewarded with significantly better rates on car insurance quote as opposed to insureds who have frequent claims or accidents.
  • ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control can reduce accidents so you can save 10 percent or more.
  • Active Service Discounts – Being deployed in the military could be rewarded with lower premium rates.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll in driver’s education as it will make them better drivers and lower rates.

Consumers should know that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. So when the math indicates you could get a free insurance coverage policy, companies don’t profit that way.

If you would like to view insurance companies that have a full spectrum of discounts, follow this link.

How do car insurance companies determine FIAT 124 Spider insurance rates?

The best way to find cheaper car insurance is to take a look at some of the factors that are used to determine your policy premiums. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that could result in cheaper rates.

The following are just a few of the factors used by companies to determine your premiums.

  • See if your company offers a multi-policy discount – Most larger companies will award better rates to clients who buy several policies from them, otherwise known as a multi-policy discount. The discount can be five, ten or even twenty percent. Even with this discount, you may still want to get quotes from other companies to guarantee you are still saving the most. Consumers may save money by insuring with multiple companies.
  • Higher premiums for car insurance policy lapses – Driving without insurance is illegal and as a result your rates will increase for letting your insurance expire. In addition to paying higher rates, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license.
  • Are males or females drivers cheaper? – Statistics demonstrate females are less aggressive when driving. The data does not necessarily mean that women are BETTER drivers than men. They both are responsible for accidents at about the same rate, but the males cause more damage and cost insurance companies more money. Men also statistically get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers generally have the highest accident percentage and therefore have the most expensive car insurance rates.
  • Lower rates come with age – Teenage drivers are known to be inattentive and easily distracted with other occupants in the car so car insurance rates are higher. If you’ve ever had to add a young driver to your policy can be very expensive. Older people are more cautious drivers, cost insurance companies less in claims , and are generally more financially stable.
  • Adjust physical damage deductibles and save – Coverage for physical damage, also called ‘full coverage’, is used to repair damage to your vehicle. Examples of covered claims are running into the backend of another car, damage from fire, and damage caused by flying debris. Comp and collision deductibles tell how much you are willing to pay if a claim is determined to be covered. The higher the amount the insured is willing to pay, the better rate you will receive on 124 Spider insurance.
  • Married drivers pay less – Being married helps lower the price compared to being single. Having a spouse demonstrates that you tend to be more stable financially and it’s statistically proven that drivers who are married file infrequent claims.
  • Remove unneeded incidental coverages – Policies have additional coverages that may not really be needed on your 124 Spider policy. Coverages for replacement cost coverage, better glass coverage, and term life insurance may be wasting your money. The coverages may be enticing when buying your policy, but if you have no use for them get rid of them and save.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage, there really is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that may help you determine whether or not you may require specific advice.

  • Should I bundle my homeowners policy with my auto?
  • Does car insurance cover theft of personal property?
  • Should I buy additional glass protection?
  • If I drive on a suspended license am I covered?
  • Am I covered when pulling a rental trailer?
  • Do I need to file an SR-22 for a DUI in my state?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, fill out this quick form. It is quick, free and can provide invaluable advice.

Educate yourself about car insurance coverages

Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage for your vehicles. Car insurance terms can be confusing and reading a policy is terribly boring.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as X-ray expenses, dental work, funeral costs and EMT expenses. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage – This coverage pays for damage to your 124 Spider from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as hitting a parking meter, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive auto coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a bird, falling objects and a tree branch falling on your vehicle. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your FIAT 124 Spider.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liablity limits.

Auto liability – Liability coverage can cover damages or injuries you inflict on people or other property. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like legal defense fees, repair costs for stationary objects, bail bonds, attorney fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Be Smart and Buy Smart

When searching for cheaper car insurance quotes, do not buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped uninsured motorist or liability limits only to regret at claim time that it was a big mistake. The proper strategy is to buy enough coverage at a price you can afford.

Some companies don’t offer the ability to get quotes online and many times these regional insurance providers sell through independent agencies. Cheap 2017 FIAT 124 Spider insurance can be sourced online and from local agencies, and you should compare rates from both to have the best selection.

In this article, we presented quite a bit of information on how to reduce 2017 FIAT 124 Spider insurance rates online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding affordable car insurance. You may be surprised to find that the lowest rates come from a company that doesn’t do a lot of advertising.

Additional information can be read at the links below