How long has it been since you compared quotes for low-cost auto insurance rates in Miami, FL? Miami shoppers have options when shopping for low-cost Fiat 124 Spider insurance. You can either spend your time calling around trying to get quotes or leverage the internet to compare rates. There are more efficient ways to find auto insurance online and we’ll show you the proper way to quote coverages on a Fiat and get the lowest possible price from both online companies and Miami agents.
Buying the cheapest car insurance in Miami is not that difficult. If you are already insured, you will definitely be able to reduce the price you pay using the techniques covered below. Vehicle owners just need to understand the most effective way to shop for car insurance online from multiple companies.
The quickest method to compare rate quotes for Fiat 124 Spider insurance in Miami is to know almost all companies pay for the opportunity to give free rates quotes. To begin a comparison, all you need to do is provide a small amount of information such as how much education you have, marital status, if it has an anti-theft system, and whether you have decent credit. Your rating data is instantly provided to many different companies and you receive quotes very quickly.
To start a quote now, click here and complete the quick form.
The companies in the list below are our best choices to provide price comparisons in Florida. If you want to find cheap car insurance in Miami, we recommend you compare several of them in order to find the most competitive rates.
Insurance does more than just protect your car
Despite the potentially high cost of Fiat 124 Spider insurance, buying insurance is most likely required but also gives you several important benefits.
First, almost all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability protection in order to drive the car 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, almost every bank will have a requirement that you have comprehensive coverage to guarantee loan repayment. If you default on your policy, the lender may have to buy a policy to insure your Fiat at a significantly higher premium and require you to reimburse them the higher price.
Third, insurance preserves both your Fiat and your personal assets. It will also provide coverage for medical bills for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance greatly outweigh the cost, particularly for liability claims. An average driver in America is overpaying more than $820 a year so we recommend shopping around at every policy renewal to make sure the price is not too high.
Coverages available on your policy
Understanding the coverages of a auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since many Florida drivers only carry the minimum required liability limits (10/20/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP reimburse you for expenses for hospital visits, chiropractic care and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Collision coverage protection
Collision insurance pays for damage to your 124 Spider caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things like scraping a guard rail, backing into a parked car, crashing into a building, colliding with a tree and driving through your garage door. This coverage can be expensive, so consider removing coverage from older vehicles. You can also bump up the deductible on your 124 Spider in order to get cheaper collision rates.
Comprehensive auto coverage
This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hail damage, hitting a bird and a tree branch falling on your vehicle. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Auto liability insurance
Liability coverage can cover damage that occurs to other people or property that is your fault. This insurance 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 per person, bodily injury per accident and property damage. You commonly see values of 10/20/10 that translate to $10,000 bodily injury coverage, $20,000 for the entire accident, and a limit of $10,000 paid for damaged property.
Liability coverage protects against things such as legal defense fees, bail bonds, repair bills for other people’s vehicles and court costs. How much coverage you buy is your choice, but consider buying as high a limit as you can afford. Florida requires minimum liability limits of 10/20/10 but you should think about purchasing more liability than the minimum.
The next chart shows why the minimum limit may not provide adequate coverage.