Cheaper 1993 Mercedes-Benz 500-Class Insurance Quotes

Trying to find lower auto insurance rates for your Mercedes-Benz 500-Class? Have you fallen victim to high-priced auto insurance? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Lots of insurers contend to insure your vehicles, and it can be difficult to compare rates to find the best rates possible.

Don’t overlook these discounts

Car insurance companies don’t always publicize every available discount in an easy-to-find place, so here is a list some of the more common and the more hidden ways to save on insurance coverage. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Sign Online – Certain companies will give a small break for buying a policy and signing up online.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save up to 15% off your medical payments premium.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance coverage policy may reduce the rate for each vehicle.
  • Federal Employees – Employees or retirees of the government can save as much as 8% on 500-Class coverage with a few insurance coverage companies.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% less on 500-Class coverage than less cautious drivers.
  • Distant Student – Any of your kids who live away from home and do not have a car can receive lower rates.

It’s important to note that many deductions do not apply the the whole policy. Most only cut individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky.

Companies that possibly offer these money-saving discounts are:

Double check with all companies you are considering which discounts they offer. Some discounts may not be available in your state.

How to Compare Insurance Rates

Shopping for lower insurance rates can be a daunting task if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) talking about coverages with agents in your area, or you could save time and use online quotes to get prices fast.

All the larger companies take part in a program that allows shoppers to send in one quote, and every company can provide price quotes determined by their information. This saves time by eliminating quote forms for each company you want a rate for.

To use this form to compare 1993 Mercedes-Benz 500-Class insurance rates click to open in new window.

The only drawback to pricing coverage this way is you are unable to specify the insurers you will receive quotes from. If you prefer to choose specific providers to receive pricing from, we put together a list of insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you are comparing exactly the same coverage limits on every quote. If the quotes have differing limits it will be very difficult to make an equal comparison.

Is my situation unique?

When it comes to choosing coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can aid in determining if your insurance needs may require specific advice.

  • Can I afford low physical damage deductibles?
  • Should I have a commercial auto policy?
  • Does insurance cover tools stolen from my truck?
  • What is the minimum liability in my state?
  • What discounts do I qualify for?
  • When can my company non-renew my policy?
  • How do I insure my teen driver?
  • Is there coverage for injuries to my pets?
  • What is an SR-22 filing?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Insurance coverages explained

Having a good grasp of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on most insurance policies.

Collision coverage

This coverage will pay to fix damage to your 500-Class caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sustaining damage from a pot hole, hitting a parking meter, crashing into a ditch, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Comprehensive (Other than Collision)

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

Comprehensive coverage protects against things such as damage from a tornado or hurricane, hail damage, vandalism and hitting a deer. The maximum amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance

Liability insurance will cover damages or injuries you inflict on other people or property. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for things such as structural damage, legal defense fees, loss of income and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like prosthetic devices, doctor visits, surgery and X-ray expenses. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Mercedes-Benz 500-Class.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Buy Smart and Save

Discount 1993 Mercedes-Benz 500-Class insurance is attainable both online as well as from independent agents, and you need to comparison shop both to get a complete price analysis. There are still a few companies who don’t offer online quoting and these regional insurance providers work with independent agents.

In this article, we presented many ways to save on insurance. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers could even find that the best prices are with a smaller regional carrier. These companies may only write in your state and offer lower rates than their larger competitors like State Farm and Allstate.

When buying insurance coverage, you should never reduce coverage to reduce premium. In many instances, an accident victim reduced uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at an affordable rate while not skimping on critical coverages.

Helpful learning opportunities