1990 Mercedes-Benz 500-Class Insurance Rates

Want better insurance coverage rates for your Mercedes-Benz 500-Class? Searching for the lowest cost insurance coverage online can seem to be somewhat difficult for consumers not familiar with online price comaprisons. Since there are so many companies competing online, how can anyone possibly compare the different rates to find the best available rates?

Consumers should take time to price shop coverage quite often since insurance rates go up and down regularly. If you had the lowest rates on 500-Class insurance a few years ago a different company probably has better rates today. Ignore everything you know about insurance coverage because you’re about to find out the best methods to find better coverage at a better price.

Some factors that can determine what Mercedes-Benz 500-Class insurance costs

It’s important that you understand the rating factors that play a part in calculating the price you pay for insurance. Understanding what influences your rates helps enable you to make changes that can help you get much lower annual insurance costs.

Shown below are a partial list of the pieces that factor into your rates.

  • Your age impacts your rates – Youthful drivers are known to be less responsible when driving so they pay higher insurance rates. Parents adding a young driver onto your insurance can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and get fewer tickets.
  • Marriage pays dividends – Having a wife or husband can actually save you money on your policy. Having a significant other means you’re more mature than a single person and statistics show drivers who are married are more cautious.
  • More claims means more premium – Insurance companies generally give cheaper rates to policyholders who are claim-free. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Poor driving leads to higher costs – Your driving citation history impacts your car insurance rates tremendously. Just one moving violation can boost insurance rates forty percent or more. Careful drivers have lower premiums than bad drivers. Drivers who have serious citations like reckless driving, hit and run or driving under the influence may need to file a SR-22 with the DMV in their state in order to continue driving.
  • Liability coverage is peace of mind – Liability coverage will protect you in the event that a jury decides you are liable for causing damage or personal injury in an accident. It provides for a legal defense starting from day one. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Little extras can really add up – There are many additional coverages that you can get tricked into buying if you aren’t careful. Insurance for vanishing deductibles, accidental death and membership fees may be costing you every month. These coverages may sound good when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Always keep insurance in force – Allowing your coverage to lapse will be a sure-fire way to pay more for insurance. And not only will insurance be more expensive, getting caught without coverage may earn you a steep fine or even jail time.

Get lower rates on Mercedes-Benz 500-Class insurance

Companies that sell car insurance don’t always publicize all their discounts in a way that’s easy to find, so the following is a list of both the well known and the more hidden ways to save on insurance.

  • Multi-car Discount – Buying insurance for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Auto/Life Discount – Select insurance companies reward you with better rates if you take out life insurance from them.
  • Club Memberships – Affiliation with a qualifying organization could trigger savings when shopping for insurance on 500-Class insurance.
  • Defensive Driver – Successfully completing a defensive driving course can save you 5% or more and easily recoup the cost of the course.
  • Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less on 500-Class insurance than less cautious drivers.
  • New Vehicle Savings – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Mercedes-Benz could qualify for discounted rates on garaged vehicles.
  • Own a Home – Simply owning a home may trigger a insurance policy discount due to the fact that maintaining a home requires personal responsibility.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your medical payments premium.

It’s important to note that some of the credits will not apply to the entire cost. Most only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like you could get a free insurance policy, you’re out of luck.

Insurance companies that may have these benefits include:

Double check with all companies you are considering which discounts you may be entitled to. Some discounts may not apply in your state.

Tailor your coverage to you

When buying adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight if your situation might need professional guidance.

  • Can I afford low physical damage deductibles?
  • Am I covered when driving a rental car?
  • Does my insurance cover a custom paint job?
  • Do I have newly-aquired coverage?
  • Why do I only qualify for high-risk insurance?
  • Does car insurance cover theft of personal property?
  • Should I buy only the required minimum liability coverage?
  • Does my 1990 Mercedes-Benz 500-Class need full coverage?
  • Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Parts of your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured and underinsured coverage

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses like pain medications, rehabilitation expenses, hospital visits, dental work and ambulance fees. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage pays for damage to your 500-Class resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a parking meter, sustaining damage from a pot hole, colliding with a tree and driving through your garage door. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Comprehensive coverages

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, a tree branch falling on your vehicle, falling objects and theft. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability

This coverage can cover injuries or damage you cause to a person or their property. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as loss of income, emergency aid, funeral expenses, structural damage and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

In Summary

Affordable 1990 Mercedes-Benz 500-Class insurance can be sourced both online as well as from independent agents, and you should be comparing both to have the best rate selection. Some insurance providers don’t offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. There have been many situations where an insured cut collision coverage only to regret that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage at an affordable rate.

We just showed you quite a bit of information on how to reduce insurance prices online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even find the best price on auto insurance is with a company that doesn’t do a lot of advertising.

More detailed auto insurance information is available by following these links: