2018 FIAT 124 Spider Insurance Cost in 2024

Want cheaper car insurance rates for your FIAT 124 Spider? There isn’t anyone who fancies paying their premiums for car insurance, especially knowing they are paying too much. Due to the increasing number of choices of insurance companies, it is hard for the average consumer to choose the right company.

How to lower your insurance costs

Lots of factors are taken into consideration when you get a price on insurance. Some factors are common sense such as traffic violations, although others are less apparent like where you live or your financial responsibility.

• Employer stress can make you pay more – Did you know your occupation can influence how much you pay for auto insurance? Occupational choices like lawyers, business owners and accountants generally pay higher average rates due to intense work situations and long work days. Other careers like actors, athletes and the unemployed receive lower rates on 124 Spider coverage.
• Do thieves like your car? – Selecting a car model with a theft deterrent system can help lower your rates. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent vehicle theft.
• Single vs. married – Having a significant other may cut your premiums when shopping for auto insurance. Having a spouse is viewed as being more mature than a single person and statistics prove being married results in fewer claims.
• Save money with good credit – Credit history is a large factor in calculating your premium rate. People with very high credit ratings tend to file fewer claims and have better driving records than drivers who have lower ratings. If your credit score could use some work, you could pay less to insure your 2018 FIAT 124 Spider if you clean up your credit.
• How many coverages with the same company – Most larger auto insurance companies apply lower prices to clients that have more than one policy in the form of a multi-policy discount. Even with this discount applied, consumers should still comparison shop to ensure the best deal. It’s possible to still save even more by insuring with multiple companies.
• Extra coverages you don’t use – Insurance policies have a lot of extra add-on coverages that you can buy on your auto insurance policy. Add-on coverages like rental car coverage, high-cost glass coverage, and additional equipment coverage may be costing you every month. They may sound like good ideas when buying your policy, but if you have no use for them remove them from your policy.
• With age comes lower rates – Older, more experienced drivers are viewed as being more responsible, are lower risk to insure . Inexperienced drivers have a tendency to be less responsible behind the wheel and because of this, their auto insurance rates are much higher.
• Insurance premiums and driver gender – Statistics have proven that females tend to be a little less risky than males. It does not mean females are better at driving than males. Men and women have fender benders in similar percentages, but males get into accidents with more damage. In addition to higher claims, males also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.

Low cost auto insurance

There are multiple methods you can shop for auto insurance but one way is more efficient than others. You could waste time discussing policy coverages with agents in your area, or you can stay home and use online quoting to achieve your goal.

Most of the larger companies participate in a marketplace where prospective buyers submit one quote, and each company can give them a price. This system prevents you from having to do quotation requests for each company you want a rate for.

To compare rates using this form now enter your zip code here.

The one downside to comparing rates this way is you don’t know exactly the companies to get pricing from. So if you prefer to pick specific providers to request quotes from, we have a page of companies who write auto insurance in your area. Click to enter zip code.

It’s up to you which method you use, but ensure you’re using the exact same coverage limits for every quote you compare. If your comparisons have higher or lower deductibles then you won’t be able to determine the best price for your FIAT 124 Spider.

Lower rates by qualifying for discounts

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that you may not know about. Larger premium reductions will be automatically applied when you purchase, but a few need to be asked for before you get the savings.

• Defensive Driver – Taking time to complete a safe driver course is a good idea and can lower rates if you qualify.
• Switch and Save Discount – Some companies provide a discount for renewing your policy early. You may see this discount when you get auto insurance quotes online.
• Student in College – College-age children who live away from home at college and do not have access to a covered vehicle can receive lower rates.
• Discounts for Cautious Drivers – Accident-free drivers can save as much as half off their rates on 124 Spider coverage compared to accident prone drivers.
• Discount for Passive Restraints – Options like air bags and/or automatic seat belt systems can receive discounts of more than 20%.
• Senior Citizen Rates – If you qualify as a senior citizen, you may receive better auto insurance rates on 124 Spider coverage.
• Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you could save 5% or more.
• Accident Waiver – Not a discount per se, but some insurance companies allow you one accident before they charge you more for coverage as long as you don’t have any claims for a specific time period.
• Homeowners Savings – Being a homeowner may trigger a policy discount on auto insurance because it demonstrates responsibility.

A quick disclaimer, many deductions do not apply to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

Auto insurance companies that may offer policyholders some of the discounts shown above may include but are not limited to:

• State Farm
• Farmers Insurance
• GEICO
• American Family
• Nationwide
• Progressive

It’s a good idea to ask all companies you are considering how many discounts you can get. Some discounts listed above might not apply everywhere. To view auto insurance companies that provide some of the discounts listed above, enter your zip code here.

Insurance coverage is unique, just like you

When buying adequate coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s situation is unique so your insurance should reflect that For example, these questions may help you determine if your insurance needs would benefit from professional advice.

• Am I covered if I drive in a foreign country?
• What is no-fault insurance?
• Will I lose any money if I cancel my policy before it expires?
• Do I need medical payments coverage since I have good health insurance?
• Am I covered when driving someone else’s vehicle?
• Do I have newly-acquired coverage?
• What is an SR-22 filing?
• What if I don’t agree with a claim settlement offer?
• Are rock chip repairs covered?
• Do I benefit by insuring my home with the same company?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and enter your zip code. It’s fast, free and you can get the answers you need.

Detailed coverages of your auto insurance policy

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most auto insurance policies.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your FIAT 124 Spider.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like chiropractic care, surgery, prosthetic devices, pain medications and hospital visits. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Liability car insurance – Liability insurance protects you from damages or injuries you inflict on other people or property that is your fault. This coverage protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged property.

Liability insurance covers things like bail bonds, funeral expenses, medical expenses and court costs. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Comprehensive protection – This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from getting keyed, a broken windshield, theft and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverages – Collision coverage will pay to fix damage to your 124 Spider resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as scraping a guard rail, sideswiping another vehicle, crashing into a building, driving through your garage door and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Quote often and quote early

As you quote auto insurance, never buy poor coverage just to save money. There have been many cases where an insured dropped liability coverage limits and learned later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at the best cost while still protecting your assets.

In this article, we presented a lot of ways to get a better price on 2018 FIAT 124 Spider insurance. It’s most important to understand that the more times you quote, the better chance you’ll have of finding low cost auto insurance. You may even find the lowest priced car insurance comes from a lesser-known regional company. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.