A simples guide

Compare Fiat 500 Car Insurance

Well the ‘Bambina’ has come a long way. That was the name given to the 479cc Fiat 500 when it first hit the market in 1957. Capable of 53mph, the 15bhp classic was probably the first true, low cost town car. Since then, it’s certainly moved on in looks and performance. 

Think you know your Fiat 500?

Fiat manfactures six different models of the 500: the 500, 500C, 500L, 500 L Trekking, 500 X and 500 MPW. alongside its other models like the popular Fiat Punto. It also comes with an array of different engines. The X model for example, boasts a 2.0 litre, 140 bhp diesel model and the 1.4 litre multi-jet engine delivers a powerful 170 bhp. So much for a Bambina!

Prices for the new models vary too, starting at £10,890 for the 500 and rising to £18,930 for the MPW. 

 

 

 

compare fiat 500 car insurance

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Insuring a Fiat 500

Many people would assume that the Fiat 500, as a small car, is cheap to insure. Well, as illustrated above, the sheer variety of options and prices means that it’s not quite as straightforward as it seems. 

To start with, your insurance is going to depend very much on you, for example:

-          Your age

-          How long you’ve been driving

-          How many miles a year you’re going to be doing

-          Where you live

In addition, factors relating to the car are also important:

-          Its market value

-          Its ‘insurance grouping’

 

The insurance grouping is a system devised by insurers that gives each car a number between 1 and 50, 1 being the cheapest and 50 the most expensive.

It takes into account a number of factors including the power of the vehicle, how cheap it is to repair, the cost of spare parts and how easy they are to obtain.

Model                                     Insurance Group

500                                         5-10

500C                                       9-18

500L                                       7-18

500X                                       5-16

500 MPW                               8-17

As can be seen from the table there is a big difference between the groups.

fiat 500 insurance group

So how can I save money on my Fiat 500 car insurance?

The Fiat 500 is often seen as a good first car.  As you can guess from the insurance groups above however, it is not necessarily going to be the cheapest car on the road to insure. In fact, in September 2017 the average Fiat 500 insurance quote on comparethemarket.com was £685.24.

This contrasts for example with £496.70 for a Fiat Panda.

For young motorists in particular, car insurance can be very expensive to start with. This is because statistically, young drivers are more likely to have more accidents. Simply because of their age and driving experience they have not yet had the chance to build up no claim bonuses that can help as you get older.

There is another option open to young drivers.

Fiat and Telematics

Telematics policies are available to young drivers. These are devices that are fitted in the car itself and used to relay information to the insurer. This information, such as when and where you’re driving, the speed you’re travelling and even how you’re braking is then used to assess your driving. This information is usually then shared with you via a web based portal.Such policies often have adjustment periods allowing insurers an opportunity to award good driving with a possibility for lower premiums. Such policies often have adjustment periods allowing insurers an opportunity to award good driving with a possibility for lower premiums. Just start a quote and get a list of prices from the UK’s most popular insurers see what you could save today on your Fiat 500 insurance. 

All average price amounts based on comparethemarket.com data from July - September 2017

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