Searching for lower insurance coverage rates for your Mercedes-Benz 500-Class? Did you fall for a flashy sales pitch and buy high-priced insurance coverage? Believe me when I say you’re not the only one.
Lots of car insurance companies contend to insure your vehicles, and it can be difficult to compare rates to find the lowest rate possible.
There are several ways to shop for Mercedes-Benz 500-Class car insurance, but there is one way that is less time-consuming than others. You could spend your day driving to local insurance agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.
Most major companies belong to a marketplace that enables customers to send in one quote, and at least one company returns a rated price. This system prevents you from having to do form submissions to every company.
To compare 1991 Mercedes-Benz 500-Class rates using this form now click here to open in new window.
The only drawback to using this type of system is you don’t know exactly the providers you will receive quotes from. If you would rather choose individual companies to receive pricing from, we have a listing of companies who write car insurance in your area. Click here for list of insurance companies.
However you get your quotes, double check that you are using exactly the same coverage limits and deductibles for every company. If your comparisons have different deductibles it’s not possible to make a fair comparison for your Mercedes-Benz 500-Class. Quoting even small variations in limits can mean a large discrepancy in price. And when quoting car insurance, remember that getting more free quotes will improve the odds of getting a lower rate.
Companies like State Farm and Allstate consistently run television and radio advertisements. All the ads have a common claim about savings if you change to them. How can each company claim to save you money? It’s all in the numbers.
Insurance companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a preferred risk could possibly be a mature driver, has no tickets, and has a high credit rating. A customer that hits that “sweet spot” receives the best rates and is almost guaranteed to save when switching.
Potential customers who don’t measure up to the requirements will have to pay higher premiums which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently advertise the savings. Because of the profiling, you need to compare as many rates as you can. It is impossible to predict which car insurance company will provide you with the cheapest Mercedes-Benz 500-Class insurance rates.
Consumers need to have an understanding of some of the elements that help determine your car insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.
The following are a few of the “ingredients” used by your company to calculate rates.
Companies that sell car insurance don’t list every discount in a way that’s easy to find, so we took the time to find some of the more common and also the lesser-known savings tricks you should be using.
Consumers should know that many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies wouldn’t make money that way.
To see a list of insurance companies with the best insurance discounts, click here to view.
When buying the right insurance coverage for your vehicles, there is no “perfect” insurance plan. Every situation is different and your policy should reflect that. These are some specific questions may help you determine if your insurance needs might need professional guidance.
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.
Having a good grasp of your insurance policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.
Collision coverage covers damage to your 500-Class resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as hitting a parking meter, driving through your garage door and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for X-ray expenses, rehabilitation expenses, pain medications and doctor visits. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Auto liability insurance
Liability coverage will cover injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability coverage pays for claims such as attorney fees, medical services and structural damage. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Uninsured or underinsured coverage
This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like hail damage, hitting a deer and vandalism. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Discount 1991 Mercedes-Benz 500-Class insurance is attainable from both online companies and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. There are still a few companies who may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.
As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. The aim is to find the BEST coverage at the best price while not skimping on critical coverages.
Additional insurance information is available on the following sites: