Fiat drivers know how expensive it can be to get the best deal on their auto insurance. If you’re shopping for car insurance for your Fiat, use this guide to help you compare rates from top insurance companies while learning about how insurance companies determine their rates. Learning about what information insurance companies consider when calculating your rate can help you anticipate the cost of your policy and make sure you’re getting a fair price.
Let’s look at what it costs to get car insurance for your vehicle and compare Fiat insurance rates so you can get the best price on your policy.
What Does It Cost To Insure a Fiat?
Fiat insurance rates vary based on many factors. When calculating the policy cost for a new client, insurance companies use details such as:
- Marital status
- Driving record
- Credit score
- ZIP code
These factors matter because insurance companies issue the best prices to the clients who pose the least risk. This means that drivers who are less likely to be involved in an accident or sustain damage to their vehicles often get better deals on their insurance because they’re less likely to cost the company money. For example, young or new drivers typically have to pay more for their insurance. These drivers are statistically more likely to be involved in accidents because they’re less experienced, more likely to take risks, and more likely to drive while distracted.
In addition to these personal factors, insurance companies also consider the car model their client wishes to insure. Drivers of sports cars and luxury vehicles typically need to pay higher insurance rates than those who drive more affordable vehicles. Since luxury cars have a high financial value, they also pose a greater risk to insurance companies because they’re expensive to repair or replace after sustaining damages. This also extends to different models from the same manufacturer. Even cars from the same manufacturer can vary in their value and expense to repair.
For example, the average Fiat insurance rate is about $1,570 per year, but this average can vary significantly based on the age of your vehicle and its model. Older models often cost less to insure than newer ones because they have less value. Comparatively, a new model directly from the dealership is going to cost much more to insure, both because of its higher value and because dealerships usually require drivers to have full coverage insurance as part of financing their purchase. This level of coverage costs more than minimum liability coverage, so keep this in mind when shopping rates.
Fiat Spider Average Insurance Rates
The Fiat Spider is a convertible sports car that comes in four different trim options. Since this is a sports model, it’s one of the more expensive Fiats to insure. Drivers of this model get the cheapest insurance option from USAA, which costs $266 on average per year for minimum coverage or $1,207 on average per year for full coverage. However, only military members, veterans, and their eligible relatives can get insurance through USAA. The next cheapest option is through GEICO. This company has an average annual premium of $355 for minimum coverage and $1,241 for full coverage.
Insurance through Amica is only slightly more expensive than GEICO’s average. Through this provider, drivers can get minimum liability coverage for an average of $367 per year and full coverage for $1,243 annually. By comparison, the two next most affordable rate comes from State Farm and Erie. Drivers pay an annual average of $431 for minimum coverage with State Farm, while full coverage costs an annual average of $1,384. Clients with Erie pay slightly less for minimum coverage, with the average being $430 per year, and slightly more for full coverage, with a rate of $1,387.
Fiat 500C Average Insurance Rates
The Fiat 500C is a convertible subcompact vehicle, and it’s the least expensive Fiat model to insure. Like the Spider, the 500C is cheapest to insure through USAA, which charges $313 as the minimum annual average and $1,078 on average for full coverage. GEICO is the second-most affordable, at $357 per year for minimum coverage and $1,069 per year for full coverage.
Amica follows closely with an annual premium average of $387 for minimum coverage and $1,213 for full. Erie beats out State Farm’s minimum premium at $375 compared to State Farm’s $467. However, State Farm’s full coverage premium is more affordable than Erie’s, costing $1,302 as its annual average compared to Erie’s $1,395.
Fiat 500L Pop Average Insurance Rates
Drivers who choose the Fiat 500L Pop can get the most affordable insurance rates through USAA, which has an average rate of $337 for minimum coverage and $1,124 for full. GEICO is the next cheapest option, with the average minimum coverage being $342 and the full coverage being $1,075. Erie and Amica offer comparable rates. Erie costs $376 on average for minimum coverage and $1,204 on average for full. Amica is slightly more expensive, with $379 on average for minimum and $1,282 for full.
Fiat 500X Trekking Average Insurance Rates
If you’re looking to insure your Fiat 500X Trekking, your cheapest option is through GEICO. This company costs an average of $333 per year for minimum coverage and $999 for full, which is significantly cheaper than its competitors. For minimum coverage, Amica and Erie have comparable rates, both costing an average of $379 per year. Erie’s full coverage rates are slightly less expensive, costing $1,234 on average compared to Amica’s $1,244.
USAA’s full coverage is less expensive than Amica and Erie’s, costing $1,188 on average, but its minimum coverage is more expensive at $396. State Farm is the most expensive option. The average minimum through State Farm is $431, and its full coverage is $1,255.
Fiat insurance rates vary based on many personal and car model factors. Always do your research by contacting your local insurance providers to get individualized quotes. The best way to compare rates and get the best value for your money is to get a personalized estimate based on your unique driver profile.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.