How Much Does 1998 Mercedes-Benz M-Class Insurance Cost?

Locating better insurance prices for a Mercedes-Benz M-Class can turn out to be a lot of work, but you can use these tips to find lower rates.

There is a better way to find auto insurance online so you’re going to learn the quickest way to get price quotes for a Mercedes-Benz and obtain the lowest price from local insurance agents and online providers.

Lots of discounts mean lots of savings

Car insurance is not cheap, but discounts can save money and there are some available that you may not even be aware of. Most are applied at the time you complete a quote, but some must be specifically requested prior to receiving the credit. If you’re not getting every credit possible, you are paying more than you should be.

  • Club Memberships – Affiliation with certain professional organizations may earn a discount when buying insurance on M-Class insurance.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more on M-Class insurance than less cautious drivers.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts can receive discounts of 20% or more.
  • No Claims – Drivers with accident-free driving histories can save substantially when compared with frequent claim filers.
  • Military Rewards – Having a family member in the military may qualify for rate reductions.
  • Defensive Driving Course – Taking a defensive driving course can save you 5% or more and easily recoup the cost of the course.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • College Student – Youth drivers who live away from home and do not have a car may qualify for this discount.
  • Student Driver Training – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.

Consumers should know that some credits don’t apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount will reduce your overall premium however.

Companies who might offer these discounts are:

Check with every prospective company what discounts are available to you. Savings might not apply in your state.

The best way to compare insurance rates from multiple companies is to understand most insurance companies have advanced systems to compare their rates. The only thing you need to do is spend a couple of minutes providing details such as if a SR-22 is required, how many miles driven, if you are currently licensed, and if you lease or own. The rating information is submitted instantly to multiple top-rated companies and they return quotes instantly.

These factors can influence what you pay for Mercedes-Benz M-Class insurance

Consumers need to have an understanding of the rating factors that come into play when calculating insurance coverage rates. Understanding what controls the rates you pay helps enable you to make changes that could result in much lower annual insurance costs.

  • Marriage brings a discount – Having a spouse helps lower the price on your policy. Marriage usually means you are more responsible and it’s proven that married couples file fewer claims.
  • Poor driving leads to higher costs – Even a single moving violation may increase your cost twenty percent or more. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations like hit and run, DWI or reckless driving convictions may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.
  • Your location affects your rates – Living in a rural area has it’s advantages when talking about insurance coverage. Drivers who live in large cities have congested traffic and longer commutes to work. Lower population means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Safer cars are cheaper to insure – Cars with high safety ratings can get you lower premiums. The safest vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your Mercedes-Benz M-Class earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Do you know your deductibles? – The deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. The more you’re willing to pay, the less your insurance coverage will be on M-Class insurance.
  • Special features that cut premiums – Driving a car with anti-theft technology or alarm system can save you a little every year. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.
  • Lower rates come with age – Young drivers tend to get distracted easily in a vehicle so insurance coverage rates are higher. Mature drivers are more responsible, file fewer claims and get fewer tickets.

Situations that might require an agent

When buying coverage, there is no cookie cutter policy. Every insured’s situation is different.

Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • Am I covered when driving someone else’s vehicle?
  • What is UM/UIM insurance?
  • What if I don’t agree with a claim settlement offer?
  • Is my teen driver covered when they drive my company car?
  • Are there companies who specialize in insuring high-risk drivers?
  • Should I sign the liability waiver when renting a car?
  • Who is covered by my policy?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

The coverage is in the details

Having a good grasp of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Protection from uninsured/underinsured drivers – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz M-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Auto liability – Liability coverage can cover damage that occurs to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like medical expenses, legal defense fees, emergency aid, court costs and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision) – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, a tree branch falling on your vehicle, fire damage, falling objects and theft. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision coverages – This covers damage to your M-Class resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as backing into a parked car, sustaining damage from a pot hole, colliding with a tree, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like prosthetic devices, hospital visits and dental work. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

One last thing about your coverage

Drivers leave their current company for a number of reasons such as lack of trust in their agent, high prices, high rates after DUI convictions or even poor customer service. It doesn’t matter why you want to switch switching companies is easier than you think.

Budget-conscious 1998 Mercedes-Benz M-Class insurance can be sourced from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There are too many instances where an insured dropped collision coverage and discovered at claim time they didn’t purchase enough coverage. Your focus should be to buy enough coverage at an affordable rate.

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