Fiat 500 electric running costs, insurance, warranty & tax
Low prices and zero tailpipe emissions make the electric Fiat 500 an incredibly cheap car to run – for private buyers and company-car drivers alike
| Insurance group | Warranty | Service interval | 2021/22 company-car tax cost |
|---|---|---|---|
| 14-21 | 3yrs / unlimited miles | TBC | From £47 / £94 |
It doesn’t matter if you’re a private buyer or a company-car driver: few models will be as cheap to run as the electric Fiat 500. Its low list prices draw you in, but the strong kit list on mid-range cars make it an attractive proposition to live with in the long-term, too.
Those lucky enough to have access to a company-car scheme could save thousands of pounds in Benefit-in-Kind (BiK) company-car tax versus a comparable petrol supermini, while the ability to charge up at home overnight will see your fuel bills plummet.
Fiat 500 insurance group
The entry-level Action model is rated in group 14 for insurance, with more expensive versions sitting in groups 16-17. However, if you go for the fabric-roof Cabrio, you face group ratings of between 19 and 21. In comparison, the Honda e – another style-conscious, city-focused electric car – lands in the much higher 25-29 insurance groups.
Warranty
The electric Fiat 500, like most models in the manufacturer’s range, comes with a three-year/unlimited-mileage warranty. This is par for the course in this area of the market; it's matched by both the Honda e and MINI Electric's guarantees. Fiat also covers the 500’s battery for eight years or 100,000 miles, whichever comes sooner.
Servicing
Service intervals for the electric Fiat 500 haven't yet been revealed, although we’d naturally expect it to require maintenance less frequently than the petrol model, as it has fewer moving parts. Don’t let this be too much cause for concern – as detailed above, the 500 is covered by a comprehensive warranty.
Road tax
Being purely electric, the Fiat 500 is exempt from annual vehicle excise duty (VED, commonly known as road tax) and escapes low-emission zone levies like the London Congestion Charge. Its zero-emissions status also makes it an incredibly affordable company car.
