View 1993 Mercedes-Benz 500-Class Insurance Quotes

Drivers have many options when trying to find the best price on Mercedes-Benz 500-Class insurance. You can either waste hours driving around trying to get quotes or utilize the internet to find the lowest rates. There is a better way to shop for auto insurance and you need to know the absolute fastest way to price shop coverage for your Mercedes-Benz and obtain the cheapest rates from local insurance agents and online providers.

Consumers need to compare prices at least once a year since insurance rates tend to go up over time. Just because you found the best rates on 500-Class insurance a couple years back you can probably find a better price now. Starting now, forget anything you know (or think you know) about auto insurance because I’m going to teach you the things you must know in order to find lower rates on auto insurance.

How to Get Insurance Coverage

Getting better 1993 Mercedes-Benz 500-Class insurance coverage pricing can be surprisingly simple. Drivers just need to invest a little time getting comparison quotes online with multiple companies. This is very easy and can be done using a couple different methods.

The recommended way to get quotes is an all-inclusive rate comparison click here to open form in new window. This method saves time by eliminating separate forms for each company. A single, simple form gets you price quotes from insurance coverage companies with the best prices. Recommended for those who want to invest the least amount of time.

A more time consuming way to get comparison quotes requires a visit to the website for each individual company and complete a new quote form. For instance, we’ll assume you want to compare rates from Allstate, Progressive and Travelers. To find out each rate you need to take the time to go to each site to enter your coverage information, which is why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but make absolute certain that you use apples-to-apples coverages and limits on every quote. If you have different limits and deductibles on each one it will be very difficult to find the best deal for your Mercedes-Benz 500-Class.

Pay less for Mercedes-Benz 500-Class insurance

Car insurance companies don’t always list all their discounts in a way that’s easy to find, so we break down both the well known and the more hidden savings tricks you should be using. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Military Discounts – Being deployed with a military unit may qualify for rate reductions.
  • Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you will save approximately 10% to 15%.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class in school.
  • Government Employees – Active or retired federal employment could cut as much as 10% off on 500-Class insurance with certain companies.
  • Defensive Driver – Taking part in a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Drive Less and Save – Fewer annual miles on your Mercedes-Benz could be rewarded with a substantially lower rate.

It’s important to note that some of the credits will not apply to the entire cost. Most only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

For a list of insurance companies who offer insurance coverage discounts, click here.

Mercedes-Benz 500-Class insurance premiums are calculated by many factors

Consumers need to have an understanding of the different types of things that play a part in calculating your insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that may reward you with lower insurance prices.

Shown below are some of the items insurance companies consider when setting rates.

  • Traffic citations inflate rates – A bad driving record has a big impact on rates. Careful drivers tend to pay less for car insurance than bad drivers. Even a single ticket can boost insurance rates by twenty percent. If you have serious violations like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Your credit rating is important – Your credit score is a important factor in determining what you pay for insurance. Therefore, if your credit score is lower than you’d like, you could pay less to insure your 1993 Mercedes-Benz 500-Class by spending a little time repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Bump up deductibles to save – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Mercedes-Benz. A few examples of covered claims would be running into the backend of another car, collision with an animal, and rolling your vehicle. Your deductibles are how much you are willing to pay before a claim is paid by your company. The more expense you have to pay, the less your insurance will be on 500-Class insurance.
  • Being married can save on insurance – Having a wife or husband can get you a discount on insurance. Marriage is viewed as being more mature than a single person and statistics show being married results in fewer claims.
  • Multiple policies with one company can save – Some companies will give a discount to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even with this discount, you still need to compare other company rates to ensure the best deal.
  • Lower miles equals lower premium – The higher the mileage driven in a year’s time the more you will pay for insurance. The majority of insurers charge to insure your cars based on their usage. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Improper usage on your 500-Class may be costing you. Double check that your insurance declarations sheet shows the correct usage for each vehicle.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions might help in determining if your situation would benefit from an agent’s advice.

  • Is other people’s property covered if stolen from my vehicle?
  • Am I covered if hit by an uninsured driver?
  • Does my insurance cover my expensive audio equipment?
  • Do I need to file an SR-22 for a DUI in my state?
  • What happens if I owe more than my 1993 Mercedes-Benz 500-Class is worth?
  • Do I pay less for low miles?

If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form. It is quick, free and you can get the answers you need.

Save $469 a year? Really?

Drivers can’t ignore all the ads for the lowest price auto insurance from companies such as State Farm and Allstate. They all make an identical promise that you’ll save big if you change your policy.

How can each company say the same thing?

Insurance companies have a certain “appetite” for the driver that makes them money. For instance, a preferred risk might be over the age of 50, a clean driving record, and drives less than 7,500 miles a year. Any driver that hits that “sweet spot” is entitled to the best price and therefore will save a lot of money.

Drivers who don’t measure up to the requirements will have to pay a higher premium and ends up with business going elsewhere. The ads state “customers that switch” not “everybody who quotes” save that much. That’s the way companies can claim big savings. Because of the profiling, you absolutely need to get quotes from several different companies. It is impossible to predict which insurance companies will give you the biggest savings on Mercedes-Benz 500-Class insurance.

Coverage specifics

Having a good grasp of insurance aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers – This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Mercedes-Benz 500-Class.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability insurance – Liability coverage protects you from injuries or damage you cause to other’s property or people in an accident. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as funeral expenses, repair costs for stationary objects, bail bonds and pain and suffering. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, damage from a tornado or hurricane, damage from getting keyed and falling objects. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverages – This coverage covers damage to your 500-Class resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as backing into a parked car, hitting a parking meter, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for bills for EMT expenses, doctor visits, pain medications and X-ray expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

In conclusion

We’ve covered many tips how you can shop for 1993 Mercedes-Benz 500-Class insurance online. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the best price on insurance is with a lesser-known regional company.

When you buy insurance online, you should never sacrifice coverage to reduce premiums. In many cases, consumers will sacrifice collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy enough coverage for the lowest price, not the least amount of coverage.

Affordable insurance can be found on the web and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not provide online price quotes and these small, regional companies work with independent agents.

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