Fiat 500e Car Insurance Rates

The Fiat 500e, an electric vehicle available in California and Oregon, costs more than twice as much as the standard Fiat 500. A Fiat 500e car insurance rates on average $2,484 a year or $207 a month to insure. However, because of the model’s higher price and electric motor, you may anticipate spending a bit more. That’s a lot more than the $1,300 average annual cost of auto insurance in the United States.

How do I compare car insurance for the Fiat 500e?

Fiat 500e Car Insurance Rates - Fiat Logo

Rates are determined by factors including your credit history, driving record, and even where you live. The following variables will be taken into account by insurers when writing policies for the Fiat 500e:

  • Body type. This is a four-door hatchback version of the Fiat 500e. It’s more expensive to insure than a subcompact since it’s electric, but it’s still cheaper than the insurance for a premium vehicle.
  • Fuel. The 500e is equipped with an 8kW electric engine and a single-speed gearbox, both of which may be costly to insure. It has an 84-mile driving range and achieves 121 MPGe in the city and 103 MPGe on the highway in terms of fuel economy.
  • Theft rates. Theft is rare with Fiat automobiles. As long as your insurers aren’t concerned about your vehicle being stolen, your premiums will remain stable.
  • Maintenance. Many of the components of the 2019 model are carried over from previous generations. As far as defective components or maintenance goes, Fiat offers a strong warranty scheme to back it up.
  • Coverage. The 500e does not need any special insurance coverage. Comprehensive or collision coverage, on the other hand, may be something you want to consider adding to your insurance.
  • Insurer options. Since electric vehicles have become more popular, finding an insurance company to cover your Fiat 500e should be simple.
  • Warranty. Fiat offers a four-year/50,000-mile limited warranty on the EV components. The engine, gearbox, and onboard charger are all part of this system. A limited warranty of eight years or 100,000 miles covers the battery. Read the small print on your warranty to be sure you’re not paying for coverage you don’t need.
  • Manufacturer offers a unique discount. Customers who meet certain requirements may take advantage of a number of exclusive offers from Fiat. If you work for Alfa Romeo, Chrysler, Jeep, or Dodge, you may be able to reduce the dealer’s invoice by 1%.

The manufacturer provides a financial refund of up to $1,000 to drivers with permanent impairments to cover the expenses of installing adapted equipment in your vehicle. A $500 cash bonus is available to service personnel as a final incentive. Contact your local Fiat dealership to see if any of these deals apply to you.

Did you know?

A $7,500 federal tax credit is available for the Fiat 500e. Through this government incentive, insurance costs may be reduced.

Does the Fiat 500e qualify for car insurance discounts?

It’s all up to your service provider. Ask the insurer whether the following savings are available when comparing insurance coverage:

  • New car discount
  • Anti-theft discount
  • Passive restraint discount
  • Automatic wiper discount

A new vehicle insurance policy may save you anywhere from 5% to 30% by equipping it with extra safety and security measures.

How reliable is the Fiat 500e?

There isn’t much information available regarding the 500e’s safety despite the fact that Fiats usually receive good safety ratings.

  • Safety. No crash tests have been performed by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety on the 500e vehicle (IIHS). However, according to Edmunds, the vehicle is deficient in terms of safety features and driver assistance technology.
  • Reliability. US News has not yet given the vehicle a reliability rating, although Fiats are not known for their dependability. The Fiat 500 was rated as one of the least dependable vehicles in 2017 by Consumer Reports.
  • Recalls. There have been no recalls or complaints for the 2019 model year thus yet. Models from 2017 and 2018 were similarly well-received by consumers. Users have previously expressed dissatisfaction with the charger cord, windscreen wipers, and the car’s start-up speed.

Bottom line

There are no insurance red flags for the Fiat 500e since it is a fuel-efficient electric vehicle, although it might have more advanced safety features. A comprehensive warranty program and a variety of special incentives are available from Fiat, which may result in long-term savings on maintenance costs.

You may check out our review of Nissan Leaf Insurance Rates.