Fiat 500 Insurance Rates in Newark

It’s an obvious statement that car insurance companies don’t want policyholders to shop around. Consumers who shop rates annually are highly likely to switch auto insurance companies because there is a high probability of finding coverage at a more affordable price. A survey found that drivers who shopped around annually saved approximately $850 each year compared to policyholders who never shopped for cheaper rates.

If saving the most money on Fiat 500 insurance in Newark is your objective, then understanding how to find companies and compare cheaper coverage can make shopping around easier.

Insurance rates Fiat 500 in NewarkIf saving money is your primary concern, then the best way to get cheaper Fiat 500 insurance in Newark is to annually compare prices from insurance carriers who provide auto insurance in New Jersey. You can compare prices by completing these steps.

One key aspect when comparing rates is that you use identical deductibles and limits on every price quote and and to get rates from as many companies as possible. Doing this enables an accurate price comparison and the best price selection.

How much does Fiat 500 insurance in Newark, New Jersey cost?

Most larger insurance companies provide insurance quotes on their websites. This process is fairly simple as you simply type in your required coverages on the page. After you submit the form their quoting system automatically orders your credit score and driving record and provides a quote based on these and other factors. Quoting online for Fiat 500 insurance in Newark makes it a lot easier to compare rates and it’s absolutely necessary to perform this step if you want to get the lowest payment on auto insurance.

To save time and get comparison pricing now, take a look at the companies shown below. If you have coverage now, it’s recommended you complete the form with the coverages exactly as they are listed on your policy. Doing this assures you will receive a price comparison using the exact same coverages.

The following companies can provide price comparisons in Newark, NJ. If multiple companies are listed, we recommend you click on several of them in order to find the most affordable rates.

Why you need quality insurance for your 500

Even though Newark 500 insurance rates can get expensive, buying auto insurance serves an important purpose.

The benefits of insuring your 500 are without a doubt worth the cost, especially for larger claims. According to a recent study, the average American driver is overpaying over $855 a year so shop around once a year at a minimum to save money.

Smart Buyers Can Lower Insurance Rates

The best way to find cheaper auto insurance is to take a look at some of the elements that are used to determine your auto insurance rates. If you have a feel for what controls the rates you pay, this helps enable you to make changes that will entitle you to lower rates. Many things are considered when you get a price on insurance. Some factors are common sense such as your driving history, but some are more obscure like where you live or how financially stable you are.

Prices are affected by your address – Residing in less populated areas of the country may provide you with better prices when shopping for auto insurance. Less people means reduced accidents as well as less vandalism and auto theft. People who live in big cities have to deal with much more traffic and longer commutes to work. Spending more time driving can result in more accidents.

How many coverages with the same company – Many insurers provide discounts to policyholders that purchase more than one policy. It’s known as a multi-policy discount. The discount can be ten or even fifteen percent. Even if you qualify for this discount already, consumers should still get quotes from other companies to guarantee you are still saving the most.

Job reflects on rates – Jobs like doctors, police officers, and financial analysts tend to pay higher rates than average attributed to job stress and lots of time spent away from family. Conversely, jobs such as professors, students and the unemployed generally pay rates lower than average.

Avoid traffic tickets – Only having one moving violation can bump up the cost by as much as thirty percent. Good drivers get better rates than bad drivers. Drivers who have received license-revoking violations like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to keep their license.

How old are your drivers? – Older, more experienced drivers have been proven to be more responsible, tend to cause fewer accidents, and receive fewer citations. Drivers with little experience tend to be inattentive when at the wheel of a vehicle so they pay higher auto insurance rates.

Deter theft and pay less – Buying a car that has a built-in theft deterrent system can help lower your premiums. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your vehicle from being stolen.

Policy add-ons may be wasting money – There are a lot of additional coverages that can waste your money on your 500 policy. Coverages like rental car coverage, towing, and extra equipment coverage may be costing you every month. They may seem good at first, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.

Insurance loss data for a Fiat 500 – Insurers use historical loss data when they file their rates in each state. Vehicles that tend to have higher number or severity of losses will cost more to insure.

The information below illustrates the insurance loss data for Fiat 500 vehicles. For each type of coverage, the loss probability for all vehicles, as an average, is set at 100. Percentages below 100 imply a favorable loss record, while percentages above 100 indicate frequent claims or statistically larger claims.

Fiat 500 Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Fiat 500 72 76 66 96 89 84
Fiat 500 Convertible 76 79 60 85
Fiat 500 Electric 73 59 76 60
Fiat 500L 112 80 102 128 93 97

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Slash rates with these discounts

Companies don’t always publicize every available discount in an easy-to-find place, so the following list contains some of the best known as well as the least known credits available to bring down your rates.Save money with discounts

As a sidenote, most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, it’s just not the way it works.

Insurance companies that have most of the discounts above include:

If you need affordable Fiat 500 insurance quotes, ask every prospective company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your area. To choose insurance companies that offer the discounts shown above in New Jersey, click here to view.

What if I want to buy from local Newark insurance agencies?

Many drivers would rather have an agent’s advice and that is not a bad decision The biggest benefit of price shopping on the web is you can get lower rates but also keep your business local. And supporting local agents is definitely important in Newark.

Insurance agents in NewarkFor easy comparison, once you complete this form (opens in new window), your information is submitted to companies in Newark that can provide free Newark car insurance quotes for your auto insurance coverage. You never need to leave your house as quotes are delivered to you directly. You can get cheaper auto insurance rates without a big time investment. If you wish to get a price quote from a specific auto insurance provider, feel free to find their quoting web page and complete a quote there.

Picking the best company requires more thought than just the quoted price. Below are some questions you should ask.

If you receive satisfactory answers and an acceptable price quote, you may have just found an insurance company that will insure your vehicles. Keep in mind you have the power to cancel your policy at any point so don’t think that you are obligated to any particular company for the full term.

You can find cheap coverage

You just learned a lot of tips how to reduce Fiat 500 insurance prices online in Newark. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding inexpensive Newark car insurance quotes. You may even be surprised to find that the most savings is with an unexpected company. These companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

When you buy Newark car insurance online, do not buy less coverage just to save a little money. In too many instances, drivers have reduced physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the best possible price.

Additional information