Fiat insurance rates

It’s the largest car manufacturer in Italy yet it’s produced some of the smallest city compacts in the world. But small doesn’t always mean inferior as many of Fiat’s smaller models have, over the years, been crowned European Car of the Year. It also does high-performance extremely well and boasts a stellar line up of sports cars for those who want a little more bite. If you’re on the lookout for a Fiat, read on to see how much it could cost you to insure yours.

What’s the average insurance cost for a Fiat?

The insurance cost for a Fiat varies greatly depending on the model you select and your own circumstances. We found that the average insurance cost of a Fiat 500, one of the more popular models in the UK, is £650 a year or £58 a month. This is for fully comprehensive cover and no optional extras.

Your actual cost could be higher or lower than this and will be determined by many factors, both personal and car-related. Some of the variables that affect the price of insurance include your driving record, the number of miles you drive in a year, your age and your location, as well as the year, model and trim package of your Fiat.

• How we got this rate

  To determine our example insurance cost, we aggregated quotes from insurance companies using this profile:

  • 2018 Fiat 500
  • The driver is a 30-year-old teacher
  • The driver is single and owns a home in Greater London
  • Manual transmission
  • Petrol
  • An average of 10,000 mileage per year
  • Factory fitted Thatcham-approved alarm system
  • The car is used for social, domestic and commuting purposes
  • The car is not modified
  • The car is parked in a car park during the day
  • The car is parked on a driveway at night
  • Five years’ no-claims discount
  • No driving or other convictions for the past 5 years

How a vehicle from Fiat affects the cost of insurance

Fiats are generally not too expensive to repair or replace if written off. This, along with the good safety ratings most Fiats get from the European New Car Assessment Programme (Euro NCAP), keep insurance costs down. However some models might be more of a target with thieves, including the 124 Spider model with its keyless entry system.

Pros and cons of a Fiat

Different factors will affect the cost of insuring a Fiat. Here’s what to look out for.

About the Fiat brand

Fiat was established in 1899 with its first model, the 3½ HP, and quickly began winning international auto races by the 1910s. The company faced difficulties after World War I but persevered and began expanding abroad in the ’30s. The company experienced a boom in the ’50s and saw a dramatic increase in production in the next decade.

Fiat continued to grow and eventually brought together the Fiat, Lancia, Autobianchi and Ferrari brands in 1979, in addition to Alfa Romeo in 1984. It also took over 60% of the Chrysler Corporation in 2012. Fiat has won multiple European Car of the Year awards throughout the years, and continues to produce innovative models to this day – from small city cars to high-performing sports cars.

Fiat car facts

• Fiat is the largest car manufacturer in Italy.
• Fiat models suit a range of budgets from its smallest car, the Fiat 500, which sells from £11,810, the Fiat Tipo range priced from £14,320, and the sporty 124 Spider model starting at £21, 005.
• Fiat is a market leader in Brazil. The country is the second highest producer of Fiat cars.
• In 2012, Fiat acquired a 60% stake of the Chrysler Corporation.
• All models from Fiat, Alfa Romeo, Chrysler, Dodge, Jeep, Lancia and Maserati fall under the Fiat Chrysler Automobiles group.
• The Fiat 124 Spider celebrated its 50th anniversary in 2016 having been unveiled back in 1966.
• Well-known Fiat models in the UK over the years include the Fiat Panda, Punto and 500.

Are there any standout models?

Abarth is the souped up version of a Fiat. Only two of Fiat’s models are available in an Abarth version in the UK – the 595 and the Fiat Spider. With the Abarth 124 Spider, you get a 1.4-litre multi-air turbo engine, a 6-speed automatic transmission and 17-inch ultralight aluminium wheels.

The Abarth line takes its name from Karl Abarth, the famed Italian car designer.

The Arbarth 124 Spider GT is priced at £33,625.

Bottom line

Fiat’s smaller size doesn’t always mean a smaller insurance premium. That said, they’re generally not too expensive to insure, but be sure to shop around to find the best car insurance for you.

Other car brands you might want to see rates for include:

• Audi
• BMW
• Citroen

Frequently asked questions about Fiat

• Where are Fiat models made?

  Fiats are largely manufactured in Italy, but Fiat has assembly plants around the globe, including in Poland, Brazil and Argentina.

• Do the big car insurance providers cover Fiats?

  Yes. You’re unlikely to run into any problems getting your Fiat covered in the UK, but this is also dependent on your age, your driving history and location, amongst other things factors.

• What car-related factors affect the cost of insurance?

  A car’s safety record, the cost to repair and maintain the car and the car’s likelihood of being stolen can all affect the cost of car insurance.

• Are Fiat models safe?

  Fiat cars do reasonably well on safety ratings from the European New Car Assessment Programme (Euro NCAP). The Fiat 500L received the maximum five-star rating in 2012 and the Fiat 500X was give four-stars in 2015, while other models have been average.