Fiat 500 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs less to insure a Fiat 500 than the average car.
• Liability insurance for a 500 comes in at about $68 a month, while full coverage typically averages around $140 monthly.
• The lowest car insurance company for a 500 is Ohio Mutual, who offers 500 drivers rates as little as just $18 a month.

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500 Overview

With a base price of just $16,495 for 2019 models, the Fiat 500 is a great budget-friendly car for drivers of all types. Not only is it on the affordable end of the spectrum when it comes to overall price point, it's also a wise option for your budget when thinking about your auto insurance premiums.

Based on reviewing thousands of car insurance quotes from Compare.com, we've found that Fiat 500 auto insurance prices run about $131 monthly, on average. Where does that fall compared to the rest of the market?

How Much is Car Insurance for a Fiat 500?

Based on the table above, insurance rates for a Fiat 500 are more affordable than average. On average, 500 owners will pay around $68 per month for liability insurance, and about $140 a month for full coverage, which has comprehensive and collision coverages in addition to liability (discover more about these different types of insurance with our guide "State Minimum vs. Full Coverage").

When you compare it to other models, the 500 is matches the other vehicle types offered by Fiat. However, compared to other vehicles of a similar body style, 500 coverage is cheaper than average, with both liability only and full coverage insurance averaging less expensive premiums than other cars.

Overall, they're just more affordable to insure than the average vehicle, regardless of model, body style, or make.

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Who has the Cheapest Car Insurance for a Fiat 500?

If you're looking for an auto insurance policy for a Fiat 500, you might be wondering which carrier offers the cheapest premiums. Even though there will never be one company that has the most affordable rates for everyone, the lowest average rates for liability only insurance are sometimes just $18 a month from Ohio Mutual. The runner up for cheapest rates is Fiesta, with car insurance policies starting sometimes as cheap as $27 per month.

Rounding out the list are StateAuto, Good2Go, and Amica. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Insurance companies take a variety of different factors into consideration when offering you rates. The only way to guarantee you find the lowest rates is to compare quotes from quite a few auto insurance carriers.

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What Factors Affect Car Insurance Rates for a Fiat 500?

As we mentioned above, there are a whole bunch of variables that insurance companies take into account to calculate how much they charge -- and each carrier weighs certain attributes more than others, so there's not one company that's the cheapest for every driver.

Keep reading to learn which things car insurance carriers look at and how they affect your final rate:

Vehicle Age

The Fiat 500 has been around for a while -- that means vehicle age will likely make a big difference in what you end up paying for auto insurance. Normally, it costs more to insure newer cars because they're worth more, however, as time goes on and 500s begin to depreciate, insurance costs will gradually decrease.

Based on the information in the table above, the Fiat 500 bucks the trend, as the most expensive models to insure are those that are 6 to 7 years old, while the cheapest 500s are 2 to 3 and 4 to 5 years old, on average.

Your Age

How old you are makes a difference in how much insurance companies will charge you for car insurance. Based on the information in the table above, teenage drivers have higher prices compared to older drivers. In this case, drivers under 18 pay $67 more than those 25 or older.

Car insurance prices continue to go down as you get older, with the cheapest age group for 500 drivers being 55-64.

Your Gender

You may not know, but insurance is usually more expensive for men than for women. This is because men are more likely to get tickets and get into accidents, which raises the chances of an insurance claim. When it comes to 500 drivers specifically, women pay around $68 monthly for auto insurance and men pay about $69.

Where You Live

You might think it's common sense that variables like how old you are and what vehicle you drive play a role in your insurance premiums, but you may not realize that where you live matters just as much. Because car insurance is regulated on a state-by-state basis, prices can differ quite a bit depending on what state you live in.

For example, the average Fiat 500 driver in New York pays around $230 a month for liability coverage. Meanwhile, the same owner in California will pay only a fifth of that price, on average. The table referenced above shows average rates for the top 10 most populous states, just to give you a good idea of how much prices can change from state to state.

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Fiat 500 Car Insurance Discounts

Regardless of your car, your age, or your home state, it's always in your best interest to take advantage of as many auto insurance discounts as possible.

Even though all car insurance carriers offer their own unique discounts, there are a few that you'll find with most insurers. These include things like:

• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)
• Defensive driving discounts for taking a defensive driving class through an accredited school or institution
• Multi-policy discounts for bundling your home and auto policies with the same insurance carrier
• Pay-in-full discounts for agreeing to pay your entire policy price at once, rather than in monthly installments

While these are just a few of the discounts auto insurance companies offer, there are countless other ways to save money on you monthly insurance bill. And often, the best way to save isn't through a "discount" at all, but rather by having a profile that looks good to insurance carriers.

While you don't have control over every factor insurance companies examine to calculate premiums (like some of the ones mentioned above), there are quite a few you can control. Below are just a few of the factors you can use to your favor in order to save money on auto insurance:

Your Driving Record

You've most likely heard ads from insurance carriers offering large discounts for responsible drivers. It makes sense that your car insurance rates will get higher if you get tickets for speeding or get into an accident. But exactly how much can these infractions cost you?

Looking at the table above, you'll see that accidents will usually cost 500 drivers more than tickets, but both will result in higher than average rates. Fiat 500 drivers with a single ticket will pay about $62 per month, while drivers with one accident on their record pay an average of $69 a month (up $1 from the $68/mo. overall average). Those with more than one of either violation will end up paying even more.

How Much You Drive

Another variable that impacts your auto insurance premiums is how much you drive annually. Drivers who are on the roads less are more likely to go accident-free, so they'll generally get lower rates. In the above table, you can see that Fiat 500 owners who drive fewer than 2,500 miles each year pay about $60 monthly for car insurance, while those who put 10,000 miles or more on their cars pay $67.

If you don't use your Fiat 500 to travel or commute regularly, it may be worth considering usage-based or pay-per-mile insurance. With these policies, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do Fiat 500s Compare to Other Vehicles?

If you're thinking about purchasing a new vehicle and a Fiat 500 is on your shortlist, it might be helpful to do your due diligence. Auto insurance is just one cost that comes with buying a new car, but it's certainly one that's worth taking into consideration.

Visit the table below to see how the Fiat 500 compares:

As you can see, a Fiat 500 is a great value when it comes to overall price tag. The 500 goes for $16,495, which is much cheaper than the national average vehicle MSRP of $46,074.

Likewise, auto insurance prices are cheaper when compared to the rest of the vehicle market. Liability insurance for a Fiat 500 is about $35 per month less than average, while full coverage is over $50 cheaper per month.

When it comes to usage, Fiat 500 owners drive fewer miles annually than the national average, with 11,617 miles for all vehicles every year compared to the 500's 10,215 per year.

Fiat 500 Car Insurance Costs by Model Year

You've seen how different things can have an impact on what you'll pay for car insurance. But if you're in thinking about buying a new car, truck, or SUV and the 500 is on your wishlist, knowing how much your vehicle will likely cost can be helpful as you consider your choices.

Choose Your Model

2019 Fiat 500 Car Insurance 2018 Fiat 500 Car Insurance 2017 Fiat 500 Car Insurance 2016 Fiat 500 Car Insurance 2015 Fiat 500 Car Insurance 2014 Fiat 500 Car Insurance 2013 Fiat 500 Car Insurance 2012 Fiat 500 Car Insurance

2019 Fiat 500 Car Insurance

It costs around $46 monthly for liability or $111 for a full coverage policy for the 2019 Fiat 500.

With rates as low as just $32 a month, Mercury offered the lowest policy we found for the 2019 Fiat 500.

If you want to know just how much your rate will be, just enter your ZIP code below and get several free quotes in minutes.

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2018 Fiat 500 Car Insurance

On average, drivers who own a 2018 500 can expect to pay $78 to $152 monthly for liability only and full coverage car insurance, respectively.

Mercury offered the cheapest policy we found, with rates as low as $27 per month.

What could your insurance price look like? Just enter your ZIP code below to get multiple free personalized quotes.

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2017 Fiat 500 Car Insurance

You can expect full coverage for a 2017 Fiat 500 to run about $135 a month, while liability only coverage will average around $62 per month.

Mercury has prices as little as $27 a month for the 2017 Fiat 500.

These average premiums are a great starting point if you're in the market for a 2017 Fiat 500, but there are many factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2016 Fiat 500 Car Insurance

2016 500 drivers can expect to pay an average of $59 monthly for liability or $136 for full coverage.

If you're looking for the cheapest possible 2016 Fiat 500 insurance policy, Mercury offered the most affordable policy we found, with rates as cheap as $21 per month.

If you want to find the best rates for auto insurance for a 2016 Fiat 500, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2015 Fiat 500 Car Insurance

The average cost to insure a 2015 Fiat 500 with liability only coverage is $63 a month, while full coverage runs about $144 monthly.

Looking for the cheapest policy? Ohio Mutual offered liability only coverage for sometimes as little as $18 per month.

What will your insurance premium be? Get lots of free customized quotes by just entering your ZIP code below.

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2014 Fiat 500 Car Insurance

It costs around $64 a month for liability or $140 for a full coverage policy for the 2014 500.

We found Safeco offered the most affordable policy, with rates sometimes as low as $21 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2013 Fiat 500 Car Insurance

On average, drivers who own a 2013 Fiat 500 can expect to pay $67 to $140 per month for liability only and full coverage car insurance, respectively.

With prices as cheap as just $17 monthly, Mile Auto offered the lowest policy we found.

Want something more accurate than national averages? Just enter your ZIP code below to get a variety of free customized quotes.

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2012 Fiat 500 Car Insurance

The average cost to insure a 2012 500 with liability only coverage is $73 a month, while full coverage runs about $140 monthly.

With premiums sometimes as low as $18 per month, Aspire offered the most affordable policy we found for the 2012 Fiat 500.

While these are good estimates of what the average driver might pay to insure a 2012 Fiat 500, these prices might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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Fiat 500 Insurance FAQs

Is a Fiat 500 expensive to insure?

It costs less to insure a Fiat 500 when compared to the average vehicle. Liability insurance runs an average of $68 a month, while full coverage will cost you around $140.

How can I get the best price on car insurance for my Fiat 500?

There's only one way to guarantee you're getting the cheapest rates -- checking prices regularly and comparing quotes from an array of companies. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from many carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Fiat 500 affect my insurance prices?

Have you heard that it costs more to insure red cars than silver or white ones before? Well, that's actually a myth. Although there are several things auto insurance companies consider when they calculate how much your policy will be, your car's color is not factored into that equation.

Do I need to have insurance before I buy a Fiat 500?

You'll need to have an auto insurance policy in place before you can legally driver your new (or new to you) vehicle off the dealership lot. Some dealerships will offer you one during the purchase process, but it's best to let your car insurance company know beforehand.

What car insurance discounts can I get for my Fiat 500?

You will find a lot of different discounts out there when it comes to auto insurance. Many of them (like "multi-policy discounts" and "safe driver discounts") are more based on you than the 500 you drive, but if your 500 has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may qualify for certain discounts. The only way to know for sure is to reach out to your insurance carrier and ask about their discounts.