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
|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
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.
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.
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.
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.
In This Review
- 1VerdictThe iconic Fiat 500 city car has gone electric-only in its latest incarnation – and it’s better than its petrol predecessor in every way
- 2Range, battery & chargingThere are two batteries to choose from for the electric Fiat 500, with the larger 42kWh model beating both the Honda e and MINI Electric for driving range
- 3Running costs & insurance - currently readingLow prices and zero tailpipe emissions make the electric Fiat 500 an incredibly cheap car to run – for private buyers and company-car drivers alike
- 4Performance, motor & driveEasy to drive, quick and comfortable, the latest Fiat 500 ticks a lot of boxes. It’s more adept at motorway cruising than you might imagine, too
- 5Interior, dashboard & comfortMid-range electric Fiat 500s come with a good list of standard equipment, and while there are some cheaper materials in some areas, on the whole the electric hatchback feels well built
- 6Boot space, seating & practicalityPoor practicality is the Fiat 500’s biggest downfall, due to its cramped rear seats and tiny boot, whichever model you go for
- 7Reliability & safety ratingAs this is Fiat's first pure-electric model, it's hard to comment on the latest 500's reliability just yet