Insurance Analysis of the 2013 Fiat 500

The new 2013 Fiat 500 rewards economically minded drivers with a sporty, insurance friendly ride.

Fiat has come a long way from these racing cars to the new 2013 Fiat 500 for regular road driving.

The 2013 Fiat 500 may have a bad boy image with Charlie Sheen as the spokesperson, but it is really a car that anyone will enjoy driving. The sporty look and features make it fun to drive, the tiny body and improved gas mileage for the 2013 make it environmentally friendly, and the potentially low insurance premium will bring a smile to all driver’s.

Safety Ratings for the 2013 Fiat 500

The 2013 Fiat 500 is a “Top Safety Pick” of the Insurance Institute for Highway Safety (IIHS) this year. The past models haven’t had good enough ratings on the IIHS safety tests to earn this safety distinction. But with the changes to the 2013 500 the safety of the vehicle has improved.

The 2013 Fiat 500 earned the highest rating that the IIHS gives of “good” on 4 of the 5 tests it conducts. The previous years only earned a “moderate” on the front crash test and an “acceptable” on the rear crash test.

The front corner crash test was not conducted on the 500, which is a requirement for a vehicle to earn the distinction of being a “Top Safety Pick +”.

2013 Fiat 500 Recalls

To date there have been no safety recalls for the 2012 Fiat 500.

Insurance Thoughts on the 2013 Fiat 500

All the way around the insurance on the 2013 Fiat 500 is more than likely going to be low.

The comprehensive and collision coverage will be kept down by the fact that the top price of the vehicle is under $20,000. If the vehicle is totaled out from an accident (and this seems likely given the price and size of the vehicle) the insurance company is not going to have to pay out much. If the accident is not severe enough to total the car the damages will probably be minor. Minor damages mean the cost to repair is either going to be very cheap for the insurance companies or will fall under the driver’s deductible so the company won’t have to pay out anything at all.

The safety ratings of the vehicle will keep the premiums of the medical coverages down.

For the liability coverage, the vehicle doesn’t have enough of a bad boy image that younger drivers are zooming around in them causing the accident stats to increase. Also the vehicle is so small that drivers can keep better control of the vehicle all the way around and it is not going to do much damage if it ever does hit anything. So drivers of the 2013 Fiat 500 are probably going to be pleasantly surprised with how low the liability premiums for the vehicle will be also.