View 2014 Mercedes-Benz GLK-Class Insurance Rates

Have you had enough of trying to scrape together enough money to pay your car insurance bill each month? You are no different than many other consumers.

Because you have many insurance companies to choose from, it’s difficult to locate the lowest price insurer.

This article will help you learn how car insurance quotes work and some tricks to saving. If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this information. Nevertheless, consumers can benefit from knowing how insurance companies determine prices and take advantage of how the system works.

Factors that can influence Mercedes-Benz GLK-Class insurance rates

It’s important that you understand some of the elements that come into play when calculating car insurance rates. Knowing what determines base rates helps enable you to make changes that could result in lower car insurance prices.

The list below includes some of the factors that factor into premiums.

  • High crash test scores lower rates – Vehicles with high crash test scores are cheaper to insure. Safer cars reduce injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If your Mercedes-Benz earned at least four stars on or an “acceptable” rating on you are probably receiving a discount.
  • Poor driving leads to higher costs – A bad driving record has a lot to do with how much you pay for insurance. Even one moving violation can boost insurance rates twenty percent or more. Careful drivers have lower premiums than people who have multiple driving citations. If you have severe violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form with their state DMV in order to drive a vehicle legally.
  • Increase deductibles and save – The deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply would be running into the backend of another car, damage from fire, or theft. The higher the amount you are required to pay out-of-pocket, the less your car insurance will be for GLK-Class coverage.
  • Big city or small town – Living in a rural area is a positive aspect when insuring your vehicles. Drivers in populated areas have to deal with more traffic problems and a longer drive to work. Fewer people translates into fewer accidents.
  • Rates may be lower depending on your job – Careers like real estate brokers, executives and stock brokers are shown to have the highest rates in part from stressful work requirements and long work days. On the other hand, occupations such as actors, students and retirees pay the least for GLK-Class coverage.
  • How credit affects car insurance rates – Having a bad credit score is a huge factor in your rate calculation. Consumers who have good credit tend to be less risk to insure as compared to drivers with lower credit scores. Therefore, if your credit rating is low, you could save money insuring your 2014 Mercedes-Benz GLK-Class by improving your rating.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the protection if a jury decides you are liable for damages from an accident. It provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Your spouse saves you money – Getting married can actually save you money on car insurance. Having a significant other means you’re more mature and responsible it has been statistically shown that married drivers get in fewer accidents.

These discounts can lower your rates

Car insurance can cost a lot, buy you may qualify for discounts to help offset the cost. Most are applied when you complete an application, but a few need to be asked about in order for you to get them.

  • Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and will save you 10% or more.
  • Club Memberships – Affiliation with a civic or occupational organization could qualify you for a break on your policy for GLK-Class coverage.
  • Homeowners Discount – Being a homeowner can save you money because maintaining a house shows financial diligence.
  • Low Mileage Discounts – Keeping the miles down on your Mercedes-Benz can qualify you for better rates on cars that stay parked.
  • One Accident Forgiven – Certain companies will forgive one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Discount for New Cars – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts can save up to 15% off the personal injury premium cost.

As a disclaimer on discounts, some credits don’t apply to the entire cost. Some only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will cut your premiums.

To see a list of companies offering insurance coverage discounts, click this link.

Different people need different coverages

When it comes to buying coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different so your insurance should reflect that For example, these questions could help you determine whether or not you would benefit from professional advice.

  • Should I bundle my homeowners policy with my auto?
  • Is extra glass coverage worth it?
  • Does medical payments coverage apply to all occupants?
  • Do I get a pro-rated refund if I cancel my policy early?
  • How high should my medical payments coverage be?
  • Can I afford to pay high deductible claims out of pocket?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.

Auto insurance policy specifics

Knowing the specifics of a auto insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverages offered by auto insurance companies.

Collision – This coverage pays for damage to your GLK-Class resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like colliding with another moving vehicle, colliding with a tree, hitting a mailbox, hitting a parking meter and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive coverages – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a broken windshield, fire damage, hitting a deer, damage from a tornado or hurricane and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for liability – This protects you from damage that occurs to people or other property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like medical expenses, attorney fees, pain and suffering and loss of income. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured and underinsured coverage – This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz GLK-Class.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like hospital visits, surgery, X-ray expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Get your money’s worth

As you shop your coverage around, do not skimp on critical coverages to save a buck or two. In too many instances, an insured cut collision coverage only to discover later they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage at the best price.

Lower-priced 2014 Mercedes-Benz GLK-Class insurance can be bought on the web and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

Additional auto insurance information is located at the links below