Since 2002 offers you online diary on various insurance topics such as international insurance, reinsurance, liability insurance, health, dental insurance, travel, auto insurance, commercial, insurance law, consulting.

10 Fun Facts about Fiats

August 16th, 2016 3:20 am


We’ve had a lot of talk this week about used car dealerships in the office as a few of our team members are considering handing over their beloved, unfortunately failing vehicles. It must be difficult to pass on something that’s kept you travelling over the years but at the end of the day, it is mere metal and time moves on! After looking into websites such as Quick Sell Your Car and reading into how the process works, whether its worth it and what you gain from it, we struck up a conversation about our most memorable vehicles. My personal favourite car, is the one I have now; a vintage looking duck-egg blue Fiat 500. It’s stunning, reliable and matches my personality through and through – and it inspired me to write an article based on my favourite automobile brand; Fiat.


Fiat is a globally recognised automobile manufacturer that began in the 19th century at the dawn of Italian industrialisation and currently holds the title of the largest car manufacturer in Italy. Founded in 1899 in Turin, by Giovanni Agnelli, Fiat has built a reputable name for itself through its prestigious brand, innovative vehicles and extensive heritage. With an extensive following of Fiat enthusiasts, it seems inevitable that today it is a superior household automobile name.

But you probably knew all that already right? That’s why we’ve devised a list of 10 fun facts about Fiat that you may not have known! Brush up on your automobile knowledge…


  1. The Fiat 4 HP was the first Fiat model to be sold back in 1899, where a mere 8 models were produced. It featured a 679 cc two-cylinder engine, produced only 4.2 horsepower, had no reverse gear and could reach a maximum speed of only 22mph! However it did offer around 35 miles per gallon – which isn’t that terrible considering it was such a small motor!
  1. The Fiat 500 is one of the companies best selling models and it won European Car of the Year in 2008. There are even global annual events dedicated to celebrating just this particular model
  2. Fiats largest market is in Italy, where it’s head office and history resides, followed by Brazil. In fact, Brazil is where the second most Fiat models are produced.
  3. Fiat don’t just make cars. The group as well as with their subsidiaries (including Iveco, Ferrari, Alpha Romeo, Dodge and Maserati) also manufacture large trucks, panel vans, commercial vehicles and it even used to make airplanes! Fiat Aviazione used to make military planes during the two World Wars including the Fiat G91. The G.55 fighter is also universally regarded as the finest Fiat aircraft.


5.John Elkann is the current Chairman and Sergio Marchionne is the current Chief Executive Officer of Fiat.

6.Tata Motors have a joint venture with Fiat in India known as the Fiat India Automobiles Private Limited which has been running since 1997.

7.Fiat have also in the past, manufactured railway engines, carriages, military vehicles and tractors! Not just a one trick pony…

8.The company even owned a ski resort in the alps until they sold off their interests in 2006. The resort is located in Sestriere (approximately 11 miles from the French border) and up to 20,000 tourists visit the popular resort during the winter season.

9.In 2012, Mazda and Fiat formed an alliance where both new roadsters were built in Mazda’s production plant in Japan.

10.In Italy, the original Fiat 500 was nicknamed ‘Topolino’ which means ‘little mouse’ because of it’s status as being the smallest car in production.

Fleet Saving Tips in 2016

July 6th, 2016 7:10 am

Fleet insurance is an excellent option if you run a business with two or more vehicles. However, in the past few months, the cost of motor insurance have experienced a steady rise which has been reflected in the fleet insurance sector too. Did you know that you can save something on your fleet insurance policy? Perhaps, it is easy to control the cost of your fleet insurance by utilizing simple strategies in some areas.

This year, fleet managers in London have realized and increase in fleet insurance costs of 2-3% in premiums. This is according to Len Benson, who is the associate director and chairperson of ACFO’s in London West region. However, he adds that most top performing companies that use third-party and comprehensive cover were able to renew their policies on level terms. Len outlined simple steps that can help you in cutting down your fleet premium costs. The steps include;

Examine every facet of running your company’s vehicles

The first step you need to take is to ask your insurer about your claims performance. Authenticated claims experience gives you the overall performance of your fleet in the last three years. It clearly shows you the exposure of your fleet depending on the number of vehicles you operate, your claims frequency and the costs that have been paid and the costs not yet paid.

Use the quote to get quotes from other insurers

When you take a step of asking for a claim performance form, your current insurer will feel insecure even if you don’t do anything with it. Therefore, the chances are high that you may get better quotes from your insurer when you renew your policy.

Check out if your insurer has earned something

Be aware of your position i.e. are you of weakness or strength position. In case you think they have made something, then why can’t you talk? If they deny, then defend yourself. However, it is not always guaranteed that if the premiums paid are lower than the claims, the insurer has earned a profit. It is also good account for the premium taxes and other related costs such as salaries, rental costs, heating and lighting among others. Most insurers in the UK do have break-even points at around 72.5% but varies from one insurer to another. If your insurer pays more than this percentage, then it means they have lost.
Check if you have taken the right cover

Most small-medium fleets go for comprehensive cover and not third-party only. This is because about 80-85% of the insurance claims come from the third party. Len says that there is no significant difference in the cost of the two types of cover. For instance, calculate the cost of taking a windscreen cover and the number of claims you’ve made. Alternatively, consider the amount you can save if you exclude it from your policy. If it is possible to get a local repair at a reduced cost, then you can go ahead.

The location your vehicles operate in count

Do not assume things. If your fleet is not based in the city center, then let your insurer know it. Additionally, inform them about the postcodes of your drivers. In case your drivers are based in a local city, and you are based in the country, then do not let your insurer know it. Try as much as possible to be selective. However, in case your insurer comes and asks you, then you can tell them.

Review your driver profile

Gender discrimination has been banned by the legislation although female drivers are reported to have the least claims. Len says if your driver profile comprises of women, then your premium costs will be lower. Moreover, consider the condemnations of your drivers and if they are risk takers. The age of your drivers is another way you can cut costs. If your insurer can give you an edge in the age of your drivers, you can save something by ensuring none of your drivers falls out of the age bracket.

Copyright © . All rights reserved. contains all topics with various subjects about homeowners insurance, adjusters & appraisals, carriers, bond insurance, insurance leads, organizations, actuarial science, software, education & training.
Insurancesdirectory - Comprehensive Insurance Web Directory