Fiat 500 electric costs, insurance, warranty & tax

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 electric Fiat 500 is rated group 14 for insurance, regardless of battery size, body style or trim level. That compares well with the group 25-29 rating for the Honda e – another dinkily styled, city-focused electric car.

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.