Compare 1990 Mercedes-Benz 560-Class Car Insurance Quotes

I can’t think of a single person who looks forward to buying insurance, especially when they are aware that they could find lower prices if they just compared rates.

Many insurance companies vie to insure your vehicles, so it’s not easy to compare every insurance company and get the definite best rates possible.

It’s a good idea to shop coverage around occasionally since prices are usually higher with each renewal. Even if you think you had the best price for 560-Class insurance at your last renewal you will most likely find a better rate quote today. Block out anything you think you know about insurance because you’re about to find out how to use online quotes to lower your rates without sacrificing coverage.

Smart consumers can lower insurance rates

Part of the insurance buying process is learning some of the things that are used to determine your insurance rates. If you understand what determines premiums, this enables informed choices that may result in much lower annual insurance costs. Lots of things are considered when you quote your car insurance policy. Some are obvious like a motor vehicle report, but other factors are not quite as obvious like your vehicle usage or how financially stable you are.

Shown below are some of the items that factor into premiums.

  • Lower coverage deductibles cost more – Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. A few examples of covered claims would be a broken side mirror, hail damage, and rolling your vehicle. Physical damage deductibles define the amount you are required to spend if a covered claim is submitted. The larger the amount the insured has to pay upfront, the less your insurance will be for 560-Class insurance.
  • Never let your policy lapse – Allowing your coverage to lapse can be a sure-fire way to drive up your policy premiums. And not only will your rates increase, getting caught without coverage might get you a steep fine or even jail time.
  • Your gender affects prices – Over the last 50 years, statistics have shown that women are safer drivers than men. However, this does not mean women are better drivers. They both cause fender benders at about the same rate, but the men get into accidents with more damage. Men also tend to get higher numbers of serious violations like DWI (DUI) or reckless driving.
  • Lower rates with GPS tracking and theft deterrents – Choosing to buy a car with advanced anti-theft systems can get you a discount on your insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.
  • High credit rating translates to low costs – Credit score can be an important factor in determining premium rates. People with high credit ratings tend to be less risk to insure as compared to drivers with lower credit ratings. Therefore, if your credit history is low, you could potentially save money when insuring your 1990 Mercedes-Benz 560-Class by improving your rating.
  • Don’t buy extra policy coverages you don’t use – Insurance companies have many additional coverages that you can buy on your 1990 560-Class policy. Coverage for things like vanishing deductibles, high-cost glass coverage, and motor club memberships may be wasting your money. These coverages may sound good at first, but if they’re wasting money remove them from your policy.
  • Choose high crash test ratings and save – Vehicles that have high safety ratings tend to have lower insurance rates. Safe vehicles reduce occupant injuries and fewer injuries translates directly to fewer claims which can result in lower premiums. If your Mercedes-Benz 560-Class scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Older drivers pay less – Older insureds are shown to be more cautious, statistically cause fewer accidents , and usually have better credit.Inexperience drivers are proven to be easily distracted when at the wheel of a vehicle so insurance rates are higher.

Free insurance price quotes

When shopping for insurance there are multiple ways to compare rate quotes from many available insurance companies in your state. The quickest method to comparison shop is to jump online and get quotes. This can be done in just a few minutes using one of these methods.

  • The recommended way consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This type of form prevents you from having to do a different quote for every company. One form submission gets insurance cost estimates from insurance companies with the best prices.
  • A less efficient way to analyze rates is to take the time to go to the website for every company you want to comare and fill out a new quote form. For examples sake, let’s assume you want to get rates from USAA, Geico and Farmers. In order to compare rates, you need to spend time on each company’s site and enter your information, which can get rather old.

    For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but double check that you are using identical coverages for each comparison quote. If you compare different deductibles it will be next to impossible to determine the best price for your Mercedes-Benz 560-Class. Just a small difference in insurance coverages can make a big difference in price. It’s important to know that more quotes increases your odds of finding a better price.

Insurance coverage in the media

Well-known insurance coverage companies like 21st Century, Allstate and State Farm endlessly run ads in print and on television. All the ads tend to make the same promise about how much you will save just by switching your insurance coverage policy to them. How do they all charge less that you’re paying now? Here is how they do it.

Different companies quote their cheapest rates for the type of customer that will be a good risk. For example, this type of insured could possibly be a married female, has a clear driving record, and has a high credit rating. A driver who matches those parameters receive the lowest rate quotes and will probably pay quite a bit less when switching companies.

Consumers who don’t measure up to those standards will be charged more expensive rates and the customer not purchasing. The trick companies use is to say “drivers that switch” not “all people who quote” save that much money. That’s the way insurance companies can confidently make claims like that. Because each company has a different risk profile, it is so important to quote coverage with many companies. It is impossible to guess the company that will provide the lowest car insurance rates.

Insurance companies offer many types of discounts

Some companies don’t necessarily list all available discounts very well, so the following list contains a few of the more well known in addition to some of the lesser obvious credits available to bring down your rates.

  • Theft Deterent Discount – Cars, trucks, and SUVs with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Telematics Data – Drivers that enable data collection to look at driving habits by installing a telematics device like Allstate’s Drivewise may get a rate reduction as long as they are good drivers.
  • Discounts for Safe Drivers – Accident-free drivers may save up to 50% more for 560-Class insurance compared to rates paid by drivers with frequent claims.
  • Military Rewards – Having an actively deployed family member could mean lower insurance rates.
  • No Charge for an Accident – Not necessarily a discount, but certain companies allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.

Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. Most cut specific coverage prices like liability, collision or medical payments. So when the math indicates you could get a free insurance policy, you’re out of luck. Any qualifying discounts will help lower your policy premiums.

A list of insurance companies and some of the premium reductions they offer are:

  • State Farm may include discounts for anti-theft, Drive Safe & Save, good driver, accident-free, defensive driving training, student away at school, and safe vehicle.
  • Geico offers premium reductions for emergency military deployment, federal employee, anti-theft, membership and employees, seat belt use, military active duty, and multi-policy.
  • Liberty Mutual may have discounts that include hybrid vehicle, newly retired, new vehicle discount, multi-policy, safety features, multi-car, and preferred payment discount.
  • The Hartford offers discounts for anti-theft, bundle, vehicle fuel type, air bag, defensive driver, and good student.
  • MetLife discounts include accident-free, claim-free, good student, defensive driver, good driver, multi-policy
  • Progressive includes discounts for good student, continuous coverage, online quote discount, homeowner, multi-policy, and online signing.

If you are trying to find the cheapest auto insurance quotes, ask each insurance company how many discounts you can get. Depending on the company, some discounts may not be available in every state. To see a list of companies that provide some of the discounts listed above, click this link.

Do I just need basic coverages?

When choosing the best insurance coverage coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. These are some specific questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered if I crash into my own garage door?
  • Am I missing any policy discounts?
  • Should I buy additional glass protection?
  • When should my teen driver be added to my policy?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Coverages available on your policy

Learning about specific coverages of a insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages offered by insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, fire damage, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability coverage

This provides protection from injuries or damage you cause to a person or their property that is your fault. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

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 policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as attorney fees, repair costs for stationary objects and structural damage. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers

This coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Mercedes-Benz 560-Class.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Collision insurance

Collision coverage pays for damage to your 560-Class from colliding with another car or object. 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, sideswiping another vehicle, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like hospital visits, ambulance fees and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Spend less. Save more.

In this article, we covered many tips how you can lower your 1990 Mercedes-Benz 560-Class insurance premium rates. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding inexpensive auto insurance. You may be surprised to find that the most savings is with an unexpected company. These companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

There are still a few companies who do not provide online quoting and these smaller providers prefer to sell through independent agencies. Cheaper car insurance can be found on the web and with local insurance agents, and you need to comparison shop both to have the best selection.

When you buy auto insurance online, it’s a bad idea to skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage at a price you can afford.

For more information, take a look at the resources below: