Find Affordable Fiat 500 Insurance in Tampa

Insurance quote for Fiat 500 in TampaThe best way to quote cheaper auto insurance rates in Tampa is to compare prices annually from insurance carriers in Florida. You can compare rates by following these steps.

The key thing to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on each price quote and and to analyze every company you can. Doing this helps ensure the most accurate price comparison and the best price selection.

Unbelievably, the vast majority of drivers have purchased from the same company for more than four years, and about 40% of consumers have never shopped around. Many consumers in Tampa can cut their rates by $1,130 a year by just shopping around, but they don’t believe how much money they would save if they replace their high priced policy.

Buying the cheapest car insurance in Tampa is really quite easy. Nearly every car owner who quotes car insurance should be able to save money. But Florida drivers should learn the way insurance companies price insurance differently because it can help you find the best coverage.

The best way we recommend to compare car insurance company rates for Fiat 500 insurance in Tampa is to know most of the bigger providers pay for the opportunity to give you rate quotes. All consumers are required to do is provide details such as level of coverage desired, any included safety features, if you have a valid license, and how old drivers are. Those rating factors is instantly submitted to multiple top-rated companies and they return cost estimate with very little delay.

To find the cheapest Fiat 500 insurance rates, click here and find out if lower rates are available in Tampa.

The companies in the list below are our best choices to provide price quotes in Florida. If your goal is to find the best cheap car insurance in Tampa, it’s highly recommended you get prices from several of them to find the most competitive car insurance rates.

How Your 500 Insurance Costs are Determined

A large part of saving on auto insurance is knowing a few of the rating criteria that help determine auto insurance rates. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with lower premium levels.

Do you qualify for a multi-policy discount? – Most larger insurance companies provide discounts to clients who buy several policies from them. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even though this discount sounds good, it’s still a good idea to comparison shop to verify if the discount is saving money.

Lower stress equals lower premiums – Did you know your auto insurance rates can be affected by your occupation? Jobs like judges, social workers, and miners generally pay higher rates than average in part from stressful work requirements and lots of time spent at work. Other professions such as scientists, historians and the unemployed have lower than average premiums.

Age of drivers impacts rates – More experienced drivers have been proven to be more responsible, are lower risk to insure, and usually have better credit. Beginning drivers tend to be careless and easily distracted when driving with friends so they pay higher auto insurance rates.

Responsible credit equals lower rates – A driver’s credit score is a big factor in determining premium rates. If your credit history leaves room for improvement, you could pay less to insure your Fiat 500 if you clean up your credit. People that have excellent credit tend to be more responsible than those with lower credit ratings.

Save by driving less – The more you drive in a year the higher your rate. Almost all companies price each vehicle’s coverage based on their usage. Vehicles not used for work or commuting receive better premium rates compared to those used for work or business. Having an incorrect usage rating on your 500 can result in significantly higher rates. Verify your policy reflects annual mileage, because it can save money.

Are you male or female? – Statistics show women tend to be less risk to insure than men. It does not mean females are better at driving than males. Females and males have accidents at a similar rate, but men have accidents that have higher claims. Men also receive more costly citations like DUI and reckless driving.

Insurance loss data for Fiat 500 vehicles – Companies use data from past claims when they calculate premium prices for each model. Vehicles that the data shows to have higher losses will have higher rates. The information below illustrates the insurance loss data for Fiat 500 vehicles.

For each coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is equal to 100. Values under 100 mean the vehicle has better than average losses, while percentage values above 100 indicate higher probability of having a loss or tendency to have higher losses.

Fiat 500 Insurance Claim Statistics
Vehicle 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

Three reasons insurance is important

Despite the high cost of buying insurance for a Fiat 500 in Tampa, insuring your vehicle is a good idea for several reasons.

First, the majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance if you want to drive legally. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a loan on your vehicle, it’s guaranteed your bank will make it mandatory that you have comprehensive coverage to guarantee loan repayment. If the policy lapses, the lender may insure your Fiat at a much higher rate and force you to reimburse them much more than you were paying before.

Third, insurance preserves both your vehicle and your assets. It will also cover medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If mother nature or an accident damages your car, your policy will pay to have it repaired.

The benefits of buying insurance definitely exceed the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying more than $750 every year so you should quote rates once a year at a minimum to help ensure money is not being wasted.

Tampa auto insurance company ratings

Selecting the highest-rated auto insurance company can be difficult considering how many choices you have in Florida. The rank data below can help you pick which coverage providers you want to consider comparing rates from.

Best Auto Insurance Companies in Tampa
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies