Are you frustrated by the crazy number of auto insurance sources in Atlanta? Georgia drivers have so many choices that it can turn into more work than you anticipated to compare premium rates on Fiat 124 Spider insurance. If you've ever been there, you know that Atlanta has lots to offer, but inflated auto insurance prices makes it difficult to pay other bills every month.
It's amazing but the majority of drivers renewed their policy with the same company for well over three years, and nearly 40% of drivers have never even compared quotes to find affordable rates. Consumers in America could save an average of roughly 46.5% each year, but they don't want to take the time to find affordable insurance by shopping around.
When comparing car insurance rates, know that comparing more prices increases the chance that you will find a better price.
The companies in the list below are ready to provide free rate quotes in Atlanta, GA. If more than one company is shown, it's a good idea that you visit as many as you can in order to find the most competitive rates.
Three reasons insurance is important
Despite the potentially high cost of Fiat 124 Spider insurance, paying for insurance is mandatory in Georgia but it also protects more than you think.
First, the majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance if you don't want to risk a ticket. In Georgia these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your vehicle has a lien holder, it's guaranteed your bank will stipulate that you have physical damage coverage to guarantee their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Fiat at an extremely high rate and require you to reimburse them the higher price.
Third, insurance preserves both your Fiat and your personal assets. It will also reimburse you for medical bills for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance more than offset the price you pay, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $850 per year so it's very important to do a rate comparison every year to save money.
Save money with these eight discounts
Insurance can be pricey, but you may find discounts that could drop your premiums quite a bit. Some trigger automatically at quote time, but some must be requested specifically before being credited.
- Defensive Driver Discounts - Completing a safe driver course is a good idea and can lower rates if your company offers it.
- Savings for New Vehicles - Insuring a vehicle that is new may earn a small discount because new vehicles are generally safer.
- Anti-lock Brake Discount - Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive and therefore earn up to a 10% discount.
- Waiver for an Accident - This isn't a discount exactly, but companies like GEICO, Allstate and Liberty Mutual allow you one accident without getting socked with a rate hike so long as you haven't had any claims before the accident.
- Life Insurance - Companies who offer life insurance give a lower premium rate if you buy life insurance from them.
- Cautious Driver Discount - Accident-free drivers may save up to 50% more than their less cautious counterparts.
- Driving Data Discount - Drivers that enable companies to scrutinize their driving habits remotely such as Progressive's Snapshot and State Farm's In-Drive might see lower rates as long as they are good drivers.
- Federal Employees - Active or former government employment could provide a small rate reduction with some insurance companies.
Discounts save money, but please remember that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, you're out of luck.
Some of the insurance companies that possibly offer most of the discounts above include:
Before you buy a policy, ask each insurance company which credits you are entitled to. Some discounts listed above may not apply to policies in Atlanta.
Insurance agencies can help
A small number of people prefer to talk to a local agent and that is a personal choice. An additional benefit of price shopping on the web is that drivers can save money and get the best rates and still have an agent to talk to. And providing support for neighborhood agents is still important in Atlanta.
To make it easy to find an agent, after completing this short form, your insurance data is immediately sent to companies in Atlanta who will return price quotes and help you find cheaper coverage. You never need to find an agent on your own as quotes are delivered to you directly. You can most likely find cheaper rates and work with a local agent. If for some reason you want to compare rates from a particular provider, you just need to jump over to their website to submit a rate quote request.
If you want to buy insurance from a reputable agency, you must know there are a couple types of insurance agents and how they differ in how they can insure your vehicles. Insurance agencies in Atlanta are categorized either independent (non-exclusive) or exclusive.
Independent Insurance Agents (or Brokers)
Independent insurance agents are not restricted to one company so they can insure your vehicles with lots of companies and find you the best rates. If they find a lower price, your policy is moved internally and you don't have to find a new agent.
When comparing rates, it's a good idea to include price quotes from multiple independent agents in order to compare the most rates. Most also have access to small regional insurance companies that may provide cheaper insurance rates.
Featured below is a short list of independent insurance agencies in Atlanta that may be able to give you comparison quotes.
- Nationwide Insurance: Kevin Thompson Agency
216 14th St NW #8 - Atlanta, GA 30318 - (470) 355-1973 - View Map
- Five Star Insurance Agency
191 Peachtree St NE Suite 3300 - Atlanta, GA 30303 - (678) 526-7979 - View Map
- Yates Insurance Agency
2800 Century Pkwy NE #300 - Atlanta, GA 30345 - (404) 633-4321 - View Map
Exclusive Insurance Agencies
These type of agents work for only one company like State Farm, Allstate, or Farmers Insurance. They are unable to compare other company's rates so always compare other rates. These agents are highly trained on the products they sell and that enables them to sell even at higher rates. Drivers often buy from exclusive agents mostly because of the prominent brand name and the convenience of having a single billing for all their coverages.
The following are Atlanta exclusive insurance agents who can help you get rate quotes.
- Allstate Insurance: Arlisher Jones
1176 Ralph David Abernathy Blvd SW - Atlanta, GA 30310 - (404) 752-7056 - View Map
- Cheryl S Parsel - State Farm Insurance Agent
3145 Peachtree Rd #197 - Atlanta, GA 30305 - (404) 814-0071 - View Map
- Eddie Sanders - State Farm Insurance Agent
47 Perimeter Center E #130 - Atlanta, GA 30346 - (770) 394-5068 - View Map
Finding the right car insurance agent needs to be determined by more than just the premium amount. These are some valid questions you should ask.
- Do the coverages you're quoting properly cover your vehicle?
- Are they actively involved in the community?
- Are there any discounts for paying up front?
- What company do they have the most business with?
- Do they specialize in personal lines coverage in Atlanta?
- How are they compensated?
- Do they have 24-hour customer assistance?
- Do the agents have professional certifications like CPCU or CIC?
Which policy gives me the best coverage?
When choosing coverage for your personal vehicles, there is no single plan that fits everyone. Your situation is unique.
These are some specific questions could help you determine if your situation may require specific advice.
- What is the difference between comprehensive and collision coverage?
- Why is insurance for a teen driver so high in Atlanta?
- What policy terms are available?
- Does my policy cover me when driving someone else's vehicle?
- What if an uninsured driver hits me?
- Do I get a pro-rated refund if I cancel my policy early?
- When should my teen driver be added to my policy?
- Does low annual mileage earn a discount?
- Is extra glass coverage worth it?
- Can I get by with minimal medical coverage if I have good health insurance?
If it's difficult to answer those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.
Specific coverages for a Fiat 124 Spider
Learning about specific coverages of your auto insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.
Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as prosthetic devices, chiropractic care, surgery and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
UM/UIM Coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Fiat 124 Spider.
Due to the fact that many Georgia drivers have only the minimum liability required by law (Georgia limits are 25/50/25), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Comprehensive or Other Than Collision - Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims like vandalism, hitting a deer, fire damage, hail damage and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.
Collision - This pays for damage to your 124 Spider from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as crashing into a ditch, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible on your 124 Spider in order to get cheaper collision rates.
Liability auto insurance - Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. This coverage protects you against claims from other people. Liability doesn't cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage protects against claims like medical services, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford. Georgia state minimum liability requirements are 25/50/25 but drivers should carry higher limits.
Compare but don't skimp
Drivers leave their current company for any number of reasons including being labeled a high risk driver, denial of a claim, delays in paying claims and even an unsatisfactory settlement offer. Whatever your reason, finding a great new company can be easy and end up saving you some money.
Throughout this article, we presented many tips how you can lower your Fiat 124 Spider insurance premium rates in Atlanta. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with a smaller regional carrier.
Discount Fiat 124 Spider insurance in Atlanta is definitely available from both online companies and from local agencies, and you need to comparison shop both to get a complete price analysis. Some auto insurance companies may not have rates over the internet and most of the time these regional insurance providers sell through local independent agents.
To read more, take a look at the articles below:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance Rates for Drivers Under 25 in Atlanta? (FAQ)
- Rental Reimbursement Coverage (Allstate)
- Teen Driver Licensing Information (iihs.org)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)