The Fiat 500 Abarth is an affordable car with a unique design, low running costs and a surprising amount of power for its size. You will learn everything you need to know about insuring the Abarth 500 in this guide.
What insurance group does the Abarth 500 fall under?
All vehicles are given a specific car insurance group that ranges from 1 (cheapest) to 50 (most expensive), which helps determine how much you will pay to insure your vehicle. Abarth 500 models range from insurance group 26 to 28, meaning the car insurance will be slightly more than the average vehicle.
The costs will vary between different Abarth 500 insurance groups, due to various factors related to the vehicle. As an example, a 30-year-old driver in an average postcode could pay around £585 for cover on an Abarth 500 1.4 16V T-Jet 3d that is in insurance group 26 or around £743 for an Abarth 500 1.4 T-Jet 2d Auto that is in insurance group 28. This comparison illustrates the impact of premium pricing when one car is in a slightly higher insurance group.
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. Updated: June 2024 (source: Confused).
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Your address plays a key role when it comes to how much you’ll be charged for car insurance. To illustrate the power of the postcode, we ran the numbers for average quotes for a 30-year-old living in three different locations. The quotes are for an Abarth 500 1.4 T-Jet 2d.
Expensive: £2,202 (London SE1)
Average: £831 (Newcastle NE1)
Cheap: £962 (Galashiels TD1)
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: June 2024 (source: Confused).
What factors affect my Fiat 500 Abarth insurance rate?
Along with insurance group, here are the key factors that will have a significant impact on your insurance premium costs:
Engine type and capacity. In general, the bigger the engine, the more you’ll pay for your car insurance. However, all models of the Abarth 500 have 1.4-litre engines.
Driver location. Insurers will use previous claims data to determine the risk of someone from your neighbourhood making a claim. This data will be used to alter your insurance costs according to your level of risk. For example, a 30-year-old in central London may pay £2,202 for insurance for an Abarth 500 1.4 T-Jet, while the same 30-year-old in Newcastle may only pay £831.
Driver age. The youngest drivers statistically represent a huge risk to insurers. They are far more likely to make a claim and that’s why they are likely to pay more for insurance. For example, the average 20-year-old driver in London may pay £5,020 for the Abarth 500 1.4 16V T-Jet 3d Auto, while the average 40-year-old Londoner will only pay £1,909. This huge difference in premium prices is common, regardless of the car being insured.
Other factors that influence the cost of your insurance include the following:
While car insurance is a compulsory purchase and necessary legal requirement, that doesn’t mean you should accept paying through the nose. Instead, you should make a habit of finding a deal for a price within your budget. There are plenty of tricks you can try to lower the cost of your premium, and we’ve listed some of them below.
Lower your annual mileage. You’ll be asked for your annual mileage whenever you apply for car insurance. The lower this figure is, the less you’re likely to pay for car insurance. Be careful not to underestimate your mileage though, as this could invalidate your insurance.
Pay annually rather than monthly. When you pay annually for car insurance, you eliminate the possibility of paying interest on monthly instalments.
Install extra safety precautions. Anything deemed to reduce the risk of you making a claim helps make insurers more comfortable offering you a lower premium.
Shop around for the best deal. Although it might be time consuming, you should use a price comparison website to shop around for the best deal each year. You’ll usually find a better deal by switching to a new company as opposed to blindly accepting your insurer’s renewal quote.
Frequently asked questions
Depending on the model version, Abarth 500s can reach top speeds of 132mph.
The Fiat 500 received a 3-star Euro NCAP crash test rating, and the Abarth 500 is more or less identical, so you can expect it to be just as safe.
The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.
These vehicles are available from dealerships, online sellers and previous owners across the UK.
All Abarth 500 vehicles come with a 1.4-litre engine.
You can compare the costs of insuring an Abarth 500 using any price comparison websites.
Abarth 500 models can be found in car insurance groups ranging from 26-28, meaning it will cost slightly more than the average vehicle to insure.
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
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Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio
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