Fiat 500 Insurance Group

The Fiat 500 is a tiny city car, built to rival the likes of the Mini Cooper and the Volkswagen Beetle. Like these cars, it’s reasonably inexpensive to buy, run and insure. In this guide, we’ll look in more detail at Fiat 500 car insurance costs and how you could save on your premiums.

How much does it cost to insure a Fiat 500?

To provide you with an idea of how much it may cost you to insure your Fiat 500, we ran several quotes to find an average figure. Our results estimated that, on average, you could insure your Fiat 500 with a comprehensive policy for the monthly price of £66.06, or an annual sum of £695.52. However, this is just an average: your actual premium will depend on a number of factors, including the insurance group the car is in.

• How we got this rate

  We generated these quotes using the following assumptions.

  The vehicle is/has:

  • a 2018 model
  • Manual transmission
  • Petrol
  • 1.2l engine
  • Factory fitted alarm system
  • The car is not modified
  • Held a driving licence for 10 years
  • Used for social, domestic and commuting purposes
  • 10,000 mileage per year
  • The car is parked in a car park during the day
  • The car is parked on a driveway at night

  The driver is/has:

  • Owner is a 30-year-old, single teacher from London
  • Five years no claims discount
  • No driving or other convictions in the last 5 years

Fiat 500 car insurance groups

Vehicles in the UK are categorised into insurance groups, ranging from group 1 (the cheapest) to group 50 (the most expensive), which partly determine the cost of your premium.

Fiat 500 models range from insurance groups 9 to 19, so although they’re all on the more affordable side to insure, the costs do vary quite a bit. For example, a 30-year-old driver in an average postcode could pay…

• around £743 for cover on a Fiat 500 in group 12, like the 1.2 Colour Therapy 2d
• or around £800 for a group 17 car like the Fiat 500 S 0.9 TwinAir 105hp 2d.

That’s a difference of more than £50 to insure the same make of car. The insurance group a particular model is placed in depends on a number of different factors, including the car’s price.

However, the insurance group isn’t the only factor determining the cost of your car insurance: one of the most important other factors is your age. The younger you are, the more risk you represent to insurers, and the more you’re likely to pay for insurance.

That’s why, in the table below, we show you the insurance group for each Fiat 500 model and also the likely cost at a few different ages.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK.

Fiat 500 insurance cost by location

The table above shows the average cost of Fiat 500 insurance based on insurance groups and driver age. However, many other factors affect the cost of your car insurance premiums, and one of the biggest is where you are in the UK. Where you live helps determine the level of risk that your car may be stolen or that you’ll be involved in an accident, and this affects the cost of insurance.

To demonstrate the power of the postcode, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Fiat 500 1.3 Multijet Pop Star 2d.

• Expensive: £948 (London SE1)
• Average: £791 (Newcastle NE1)
• Cheap: £578 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: March 2021 (source: Quotezone).

What other factors affect my Fiat 500 insurance rate?

We’ve covered insurance groups, driver age and location. Here are some of the other factors that affect your insurance premium costs:

• Your marital status
• Your credit history and job
• Your car’s safety rating score
• The model of your car (particularly the engine type and capacity)
• The age of your car
• Your car’s security and any extra anti-theft precautions
• Annual miles driven
• Your driving history and activity
• No-claims discount

How can I save on insurance premiums for my Fiat 500?

When searching for insurance, you’ll want to find the best deal for a price that’s within your budget. We’ve uncovered some tricks you can try to lower the cost of your premium: take a look below.

• Limit your car usage (where possible). Occasionally deciding to walk or get public transport, rather than using your car, can help to save on your premiums.
• Pay annually rather than monthly. It might be scary to part with a large sum of money in one go, but if you’re able to pay annually you can save an average of £97.20 a year.
• Don’t just accept your renewal quote. When it’s time for renewal, it’s worth investing a couple of hours to shop around: there may be cheaper options out there.

Is a Fiat 500 cheap to insure?

Finder insurance expert Danny Butler answers

Let’s say you’re doing everything you can from the list above: you’re driving less, you’re paying annually, you’re shopping around for insurance quotes. Does that mean you’ll find a Fiat 500 cheap to insure?

As we’ve already established, 500s are towards the lower end of the insurance price range. However, there is still some variety between models.

One factor affecting insurance groups is engine size. In general, the bigger the engine, the higher the cost of your insurance, because these engines are more expensive to repair or replace. An average 30-year-old may pay £743 for the 0.9-litre Fiat 500 TwinAir 2d, but could pay around £791 for the 1.4-litre Fiat 500 Multiair Sporting 3d.

Finally, the safer your car is, the less of a risk it will be for companies to insure, and therefore the lower your premium is likely to be. So how safe is a Fiat 500? Well, it could be a lot better. In its Euro NCAP crash tests, this vehicle achieved a 3-star rating out of 5. This rating included a 66% rating for protecting adult occupants and 49% for protecting child occupants. Ask your insurer about additional safety and/or security features you could install to lower your premiums and keep you and your passengers safe.

Bottom line

Fiat 500s are one of the most popular cars on the road. You’ll pay less than average in insurance costs if you opt for this car, and the tips in this guide will help you to reduce your premiums even further. If you’re on the lookout for a car insurance provider, check out our comprehensive list of the best car insurance companies in the UK.

Frequently asked questions

• What is the top speed of a Fiat 500?

  Depending on the model version, you can expect a Fiat 500 to reach a top speed of 117 miles per hour.

• How much car tax do I have to pay for the Fiat 500?

  Car tax rates depend on the car’s emissions: see the UK government website for details.

• Where can I buy a Fiat 500?

  You can buy a Fiat 500 at dealerships, using online sellers or from a current owner.

• Where can I find Fiat 500 car insurance?

  You can compare the costs of Fiat 500 car insurance using any price comparison website.

• Is the Fiat 500 a good first car?

  What most people look for in a first car is reliable good quality at a reasonable price. The Fiat 500 is both affordable and highly rated by reviewers: the latest model received a full five-star rating from WhatCar? It also received the Red Dot award for impeccable design in 2020.

• Is a Fiat 500 cheap to run?

  All Fiat 500 models are reasonably cheap to run as they don’t use a lot of fuel, but the hybrid and electric models tend to work out the cheapest.

• Is the Fiat 500 being phased out?

  It’s been discontinued in the US, but is still in production in Europe at least for the time being.