How Much Does 2002 Mercedes-Benz G-Class Insurance Cost?

Scraping up a payment for overpriced Mercedes-Benz G-Class insurance can take a big chunk out of your checking account and force you to prioritize other expenses. Comparison shopping is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

Many insurance companies compete for your business, and because of this it can be hard to compare insurance companies to find the cheapest price

It’s smart to get comparison quotes occasionally since rates are usually higher with each renewal. Even if you think you had the best deal for G-Class coverage six months ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about car insurance on the web, but with this article, you’re going to get some tested techniques to find affordable car insurance.

Why you might be paying too much to insure your Mercedes-Benz G-Class

Smart consumers have a good feel for the rating factors that come into play when calculating car insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that will entitle you to lower car insurance prices.

The list below includes a partial list of the pieces used by your company to calculate prices.

  • Do you have a high stress job? – Occupations such as judges, business owners and stock brokers tend to pay the highest rates attributed to job stress and long work days. On the other hand, occupations such as pilots, students and the unemployed have the lowest average rates for G-Class coverage.
  • Where you live is a factor – Choosing to live in less populated areas can save you money when it comes to car insurance. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers in populated areas have to deal with traffic congestion and longer commute times. More time on the road means more change of being in an accident.
  • How credit affects car insurance rates – A driver’s credit rating is a huge factor in your rate calculation. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have lower ratings. If your credit can use some improvement, you could pay less to insure your 2002 Mercedes-Benz G-Class by repairing your credit.
  • More than one policy can earn a discount – Some companies will award you with lower prices to customers who buy several policies from them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to compare other company rates to make sure you are getting the best deal. Drivers may still find a better deal by insuring with multiple companies.
  • Lower deductibles cost more – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Mercedes-Benz from damage. Examples of covered claims would be a windshield shattered by a rock, collision with an animal, and rolling your vehicle. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket in the event of a claim. The higher the amount you’re willing to pay, the less your company will charge you for insurance for G-Class coverage.

Discounts are great for lower rates

Insurance can cost an arm and a leg, but you can get discounts to cut the cost considerably. A few discounts will automatically apply at the time of purchase, but less common discounts must be specifically requested in order for you to get them.

  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for G-Class coverage than drivers with accidents.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Air Bag Discount – Vehicles with factory air bags may earn rate discounts of 20% or more.
  • Student in College – Youth drivers who attend school more than 100 miles from home and don’t have a car can receive lower rates.
  • Accident Free – Drivers with accident-free driving histories pay less when compared to bad drivers.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. Just because it seems like all those discounts means the company will pay you, insurance companies aren’t that generous. Any qualifying discounts will bring down your premiums.

Companies who might offer some of the above discounts include:

Before buying, ask every prospective company what discounts are available to you. Discounts might not apply in your state.

Do drivers who switch really save?

Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. All the companies make an identical promise about savings if you switch your coverage to them. But how can every company claim to save you money? This is how they do it.

All the different companies are able to cherry pick for the driver that makes them money. A good example of a profitable customer might be between the ages of 30 and 50, a clean driving record, and drives less than 7,500 miles a year. A driver that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save when switching.

Drivers who do not match these standards will be quoted a more expensive rate which leads to business not being written. The ad wording is “customers who switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully make the claims of big savings.

This emphasizes why it’s extremely important to compare many company’s rates. It’s just too difficult to predict which auto insurance company will have the lowest Mercedes-Benz G-Class insurance rates.

You may need specialized coverage

When it comes to choosing adequate coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions could help you determine if your situation may require specific advice.

  • What is roadside assistance coverage?
  • Why am I required to buy high-risk coverage?
  • Does car insurance cover theft of personal property?
  • Am I covered when driving in Canada or Mexico?
  • Am I covered if I break a side mirror?
  • Is my 2002 Mercedes-Benz G-Class covered for smoke damage?
  • Are my friends covered when driving my 2002 Mercedes-Benz G-Class?
  • I have a DUI can I still get coverage?
  • Does my insurance cover a custom paint job?

If you can’t answer these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Educate yourself about car insurance coverages

Having a good grasp of your policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average car insurance policy.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as surgery, chiropractic care, nursing services and doctor visits. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability insurance will cover damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like emergency aid, medical expenses and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive or Other Than Collision

This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like hitting a bird, falling objects and damage from flooding. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz G-Class.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Collision insurance

This pays for damage to your G-Class resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a ditch, scraping a guard rail and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Money doesn’t grow on trees

In this article, we covered many tips how you can lower your 2002 Mercedes-Benz G-Class insurance rates. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even discover the biggest savings come from the least-expected company. They may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.

When shopping online for insurance, do not buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

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