About Fiat car insurance
Fiat is an Italian automobile manufacturing company established in Turin, Italy in 1899. The company, which originally went by the name Fabbrica Italiana Automobili Torino (or F.I.A.T.) was founded by Italian businessman Giovanni Agnelli. In just over a decade, Fiat became the largest automotive company in Italy. The brand produced its first truck in 1903, and its first car was exported to the United States in 1908.
Over the years, Fiat continued to expand and now has operations worldwide, with customers spanning Asia, Europe, North America, Africa, and the Middle East. In 2009, they formed a global alliance with Chrysler in an effort to compete with rivals Toyota, Volkswagen, and the newly-announced Renault-Nissan partnership.
Fiat has a reputation for compact, performance vehicles with notable Italian flair, making them a great option for many Canadians.
Fun facts about Fiat
- Throughout Fiat’s 120-year-history, the brand has manufactured everything from railway engines and carriages to farm tractors, aircrafts, and military vehicles.
- Fiat is the best-selling automaker in Brazil and has operating plants in the country, as well as in nearby Argentina and Mexico.
- As of 2021, the Fiat Panda ranked as the number one best-selling car in Italy, with the FIat 500 and Fiat 500X following closely behind.
- In 2021, Fiat announced its plans to expand its electric vehicle offerings, intending to transition to a fully electric automaker between 2025 and 2030.
Types of car insurance coverage for Fiat vehicles
Before you hit the road in your new Fiat, you’ll need to purchase a valid, up-to-date car insurance policy. Auto insurance is designed to safeguard all drivers, passengers, and vehicles on the road, and for this reason, it is mandatory throughout Canada. However, only certain types of coverage are compulsory, meaning that drivers have a choice of whether to purchase additional coverages, like accident forgiveness or comprehensive coverage. To learn more about some of the most common types of Fiat car insurance coverage for Canadian drivers, keep reading.
Third party liability coverage
Third party liability coverage protects the policyholder if they get into an accident that they are liable for. Liability can help cover the costs of medical expenses related to accidental injuries, vehicle repairs, legal counsel, and court fees. This type of coverage is mandatory in Canada, with each province and territory setting its own minimum requirement. When purchasing Fiat auto insurance, make sure you purchase enough third party liability coverage to comply with provincial law.
Unlike third party liability coverage, collision coverage is optional. It offers financial protection against property damage if the policyholder collides with another vehicle or object on the road. This type of coverage can be claimed no matter who is responsible for the accident. Please note that collision coverage will only help pay for costs associated with property damage, such as vehicle repairs. It will not cover medical expenses related to injuries (this is covered under the accident benefits portion of your policy, which is mandatory in Canada).
Comprehensive coverage protects you and your vehicle from a wide range of circumstances, such as theft, vandalism, fire, and water damage. It is optional in Canada.
Accident forgiveness coverage
Accident forgiveness coverage can be added to your Fiat car insurance policy as an endorsement, to protect your driving record, and to help prevent your insurance premium from increasing if you have an at-fault accident claim.
12 factors that impact Fiat insurance premiums
Calculating insurance premiums is a complex business. Many factors determine how much drivers pay for Fiat car insurance. These factors range from those within your control, such as the vehicle you drive and your driving record, to the factors outside of your control, such as your age. To help Fiat drivers understand their car insurance rates, we’ve compiled the following list of the top factors impacting insurance premiums in Canada.
- Where you live (and work - if you drive to work)
- Make and model of vehicle
- Driving record
- Driving experience
- Past claims
- Annual mileage
- Prior insurance coverage
- Your deductible
- Local laws
- How you use your vehicle
- Marital status
Please note that insurance brokers do not determine insurance rates. However, BrokerLink can reach out to insurance companies on your behalf to obtain and compare quotes and help you find the best Fiat car insurance policy possible.
How to get cheap Fiat car insurance
Car insurance can be expensive, but there are ways to reduce how much you spend on it. To save money on Fiat auto insurance, follow the tips and tricks below.
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Buy multiple insurance policies (home insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
- Purchase a hybrid or electric (savings of up to 5%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
- Install winter tires on your Fiat vehicle
Make BrokerLink your go-to resource for Fiat car insurance
Still have questions about Fiat auto insurance? Get in touch with BrokerLink today.
Since 1991, we have been matching Canadians with their ideal car insurance plans.
BrokerLink takes a customer-first approach to car insurance. Our insurance advisors will take the time to understand your lifestyle and driving habits in order to find a policy that meets your needs.
From start to finish, BrokerLink will be by your side. We make shopping for car insurance easier than ever before. Plus, our expert insurance advisors have experience insuring all makes of vehicles, including Fiat.
So whether you have questions about mandatory car insurance in your province, the best types of coverage for your vehicle, or how to save money on car insurance, BrokerLink is here.
You can also request a free Fiat car insurance quote on our website. Click the “Get a quote” button in the top right-hand corner of this webpage, answer a few basic questions about yourself, such as your age, location, and the model and year of Fiat you drive, and you’ll receive an accurate and competitive quote within minutes.
What are you waiting for? Give us a call, send us an email, or visit us in person at one of our many locations in Canada. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to kickstart your car insurance journey.
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Fiat auto insurance FAQs
Is Fiat car insurance mandatory in Canada?
Yes, car insurance is mandatory throughout Canada, no matter which province you live in or what vehicle you drive. To find the best car insurance policy for your Fiat, we recommend consulting with an insurance broker. Insurance brokers like BrokerLink will not only ensure your car insurance policy complies with provincial law but that you receive the most competitive rate on your insurance.
Is it safe to buy Fiat car insurance on the internet?
Buying Fiat car insurance on the internet is perfectly safe. However, shopping for car insurance, whether online or in person, can be tedious. In order to get the best coverage for the best price, you must shop around and compare quotes from different insurance companies, but this takes time, which not everyone has. That’s where we come in. When you work with BrokerLink, we do all the heavy lifting. While you’re relaxing with your family or test-driving new vehicles, we’ll be working behind the scenes to browse coverage options, compare quotes, and unlock discounts. We’ll make it our top priority to find the perfect car insurance policy for you and your family.
*This article is in no way sponsored, endorsed, or associated with Fiat.