Save on 1991 Mercedes-Benz 500-Class Insurance Rates

Trying to find the cheapest car insurance rates for your Mercedes-Benz 500-Class? Tired of trying to scrape together enough money each month for car insurance? You are in the same boat as many other consumers.

With consumers having so many car insurance companies to choose from, it’s difficult to locate the most cost effective insurance company.

It’s smart to take a look at other company’s rates once or twice a year because rates go up and down regularly. Just because you found the best deal for 500-Class coverage a few years ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the fastest and easiest way to find better coverage at a better price.

Finding the best rates is not rocket science. If you have car insurance now, you will be able to save some money using this strategy. Although vehicle owners must know how insurance companies market insurance on the web and use this information to your advantage.

How to reduce Mercedes-Benz 500-Class insurance rates

Companies don’t always list all their discounts in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving.

  • Anti-theft System – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance coverage policy may reduce the rate for each vehicle.
  • No Charge for an Accident – A few companies permit an accident without raising rates as long as you don’t have any claims prior to the accident.
  • Own a Home – Owning a house may trigger a insurance coverage policy discount because owning a home requires personal responsibility.
  • Low Mileage Discounts – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Discount for Life Insurance – Some companies give lower rates if you buy a life insurance policy as well.
  • Bundle and Save – If you insure your home and vehicles with one insurance company you will save 10% to 20% off each policy.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts could save 15% off your PIP or medical payments premium.

It’s important to note that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way.

Insurance companies that may have these discounts may include but are not limited to:

It’s a good idea to ask each insurance company how you can save money. Savings may not apply in every state.

Why your Mercedes-Benz 500-Class insurance rates may be high

It’s important that you understand the different types of things that come into play when calculating the rates you pay for car insurance. Knowing what impacts premium levels allows you to make educated decisions that can help you get better car insurance rates.

The list below includes a partial list of the pieces companies use to determine your rates.

  • Drive less and save money – Driving more miles each year the higher your rate. Most companies charge to insure your cars based on their usage. Cars and trucks left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Make sure your car insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your 500-Class may be costing you.
  • Low deductibles can be expensive – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if you file a covered claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of claims that would be covered would be colliding with a building, damage from fire, or theft. The more money the insured has to pay upfront, the bigger discount you will receive for 500-Class coverage.
  • Don’t let your coverage lapse – Driving without insurance is illegal and your next policy will cost more because you let your coverage have a gap. And not only will insurance be more expensive, but being ticketed for driving with no insurance might get you a hefty fine and possibly a revoked license.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Discounts for married couples – Having a spouse can actually save you money on car insurance. Having a significant other means you’re more responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Traffic citations inflate rates – A bad driving record impacts your car insurance rates tremendously. Careful drivers have lower premiums than people who have multiple driving citations. Even one moving violation can boost insurance rates by twenty percent. If you have severe violations like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Every situation is different so your insurance should reflect that For instance, these questions can aid in determining whether you may require specific advice.

  • When should my teen driver be added to my policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered when driving a rental car?
  • What vehicles should carry emergency assistance coverage?
  • Is pleasure use cheaper than using my 1991 Mercedes-Benz 500-Class to commute?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Drivers who switch save $473 a year? Really?

Companies like Progressive, Allstate and Geico regularly use ads in print and on television. All the ads make an identical promise about savings if you move to them. How does each company make the same claim?

All companies have a certain “appetite” for the type of driver that makes them money. For example, a driver they prefer might be profiled as over the age of 40, owns a home, and has great credit. Any new insured who matches those parameters gets the lowest rates and most likely will save quite a bit of money when switching.

Potential insureds who don’t qualify for these standards will be charged more money and ends up with the customer not buying. The ad wording is “people who switch” not “people who quote” save money. That’s why companies can truthfully advertise the way they do. That is why it is so important to compare many company’s rates. It’s just too difficult to predict which company will fit your personal profile best.

Auto insurance 101

Having a good grasp of your auto insurance policy can help you determine the best coverages for your vehicles. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills for ambulance fees, X-ray expenses, EMT expenses and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage

This pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hitting a bird, rock chips in glass, damage from flooding, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability

Liability insurance provides protection from damage that occurs to a person or their property. This insurance protects YOU from legal claims by others, 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. You might see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability can pay for things like structural damage, loss of income and bail bonds. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mercedes-Benz 500-Class.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Collision protection

This covers damage to your 500-Class from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as damaging your car on a curb, backing into a parked car, hitting a mailbox, sideswiping another vehicle and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Online plus local equals savings

Affordable 1991 Mercedes-Benz 500-Class insurance can be bought from both online companies as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some car insurance companies don’t offer online quoting and these small, regional companies work with independent agents.

We just showed you some good ideas how you can lower your insurance rates. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest premiums are with a small mutual company. Some small companies can often provide lower rates in certain areas compared to the large companies like Progressive or Geico.

Additional detailed information can be found in these articles: