Fiat 500 electric 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

Overall rating

4.5 out of 5

Running costs & insurance rating

5.0 out of 5

Insurance groupWarrantyService interval2021/22 company-car tax cost
14-213yrs / unlimited milesTBCFrom £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

Entry-level Action models of electric Fiat 500 are rated group 14 for insurance, with more expensive versions sitting in insurance groups 16-17. However, if you go for the fabric Cabrio roof, those models attract an insurance group rating 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 pure-electric, the Fiat 500 is exempt from annual vehicle excise duty (VED, commonly known as road tax), and escapes low-emission zone charges like the London Congestion Charge. Its zero-emissions status also makes it an incredibly affordable company car.

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