How Much Does 1991 Mercedes-Benz 500-Class Insurance Cost?

Trying to find cheaper insurance rates for your Mercedes-Benz 500-Class? Finding the best price on insurance may appear to be difficult at first if you are someone who has never done quote comparisons online. But don’t give up because finding cheaper prices is easier than you think.

It’s important to get comparison quotes before your next renewal because insurance prices are rarely the same from one policy term to another. Even if you think you had the best price on 500-Class coverage last year a different company probably has better rate quotes today. Forget all the misinformation about insurance because we’re going to demonstrate the fastest and easiest way to lower your rates without sacrificing coverage.

How to find affordable insurance coverage

Effectively comparing insurance coverage prices can take time and effort if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) talking to insurance agencies in your area, or you could use online quoting to accomplish the same thing much quicker.

All the larger companies participate in a marketplace where insurance shoppers submit their information once, and each company returns a competitive quote determined by their information. This saves time by eliminating quote forms for each company you want a rate for.

To submit your quote information now, click here to start a free quote.

The only downside to using this type of system is that you can’t choose the providers you want to price. If you prefer to choose specific providers to compare rates, we have a listing of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just try to keep nearly identical coverage limits and deductibles with every price quote. If you use different values for each quote it will be very difficult to get a fair rate comparison. Just a small difference in insurance coverages may cause a big price difference. Just remember that comparing a large number of companies provides better odds of finding better pricing.

Can you really save $399 a year?

Insurance companies such as Geico, State Farm and Progressive regularly use ads in print and on television. They all advertise claims that people will save after switching to their company. How is it plausible that every one can lower your premium rates? This is the trick they use.

Companies offer their best rates for the right customer that is profitable for them. A good example of this type of insured may be over the age of 50, has no driving citations, and drives less than 5,000 miles a year. Any new insured who fits that profile will get the preferred premium rates and will probably save when switching.

Insureds who cannot meet those criteria may be required to pay higher premium rates and the customer buying from a different company. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” save that much when switching. That’s the way companies can truthfully advertise the savings.

Because of this risk profiling, you really should quote coverage with many companies. You cannot predict the company that will have the lowest rates.

Insurance premium influencing factors

An important part of buying insurance is that you know the different types of things that go into determining the level of your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that could result in better insurance coverage rates. Many things are considered when you get your auto insurance bill. Some factors are common sense such as traffic violations, but some are not as apparent such as whether you are married or your vehicle rating.

The itemized list below are some of the factors insurance coverage companies consider when setting your rate level.

  • Women tend to be lower risk – Statistics demonstrate that women are safer drivers than men. It does not mean females are better at driving than males. Both sexes are in auto accidents in similar percentages, but guys get into accidents with more damage. They also get more serious tickets like DUI and reckless driving. Male teenagers tend to get in the most accidents and are penalized with high insurance coverage rates.
  • Amount of liability insurance – A critical coverage on your policy, liability insurance will provide protection when you are ruled to be at fault for causing personal injury or damage in an accident. This coverage provides for a legal defense starting from day one. Liability is cheap compared to other policy coverages, so do not skimp.
  • Save money by raising deductibles – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. Some instances where coverage would apply could be colliding with a building, vandalism, and burglary. Your deductibles represent how much money you are willing to pay out-of-pocket if the claim is covered. The more money you are required to pay out-of-pocket, the lower your rates will be on 500-Class coverage.
  • Safer occupants lowers prices – Cars with five star safety ratings cost less to insure. Vehicles built for safety have better occupant injury protection and lower rates of occupant injuries translates into fewer and smaller insurance claims which can result in lower premiums.

Car insurance policy discounts

Companies that sell car insurance don’t always advertise every discount they offer in a way that’s easy to find, so the next list breaks down both well-publicized and also the lesser-known credits available to you.

  • Paperwork-free – Certain car insurance companies will give you a small discount simply for signing over the internet.
  • Homeowners Discount – Just being a homeowner can save you money because it is proof that your finances are in order.
  • Accident-Free Discounts – Drivers who don’t have accidents can earn big discounts in comparison with bad drivers.
  • One Accident Forgiven – but a few companies such as State Farm, Progressive and Geico permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
  • Government Employees – Simply working for the federal government may reduce rates when you quote insurance coverage on 500-Class coverage with some car insurance companies.

Don’t be surprised that most discounts do not apply to the entire cost. Most only cut specific coverage prices like comp or med pay. So when the math indicates all those discounts means the company will pay you, companies wouldn’t make money that way.

Some of the insurance companies who might offer some of the discounts shown above include:

When quoting, ask every prospective company which discounts you may be entitled to. Some discounts listed above might not be offered in your area. To find companies that offer discounts, follow this link.

How do I know if I need professional advice?

When buying the best auto insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions could help you determine whether your personal situation would benefit from an agent’s advice.

  • Can I make deliveries for my home business?
  • Should I waive the damage coverage when renting a car?
  • Is my camper covered by my car insurance policy?
  • How much liability do I need to cover my assets?
  • Am I covered if I hit my neighbor’s mailbox?
  • I don’t drive much so do I pay less?
  • Is my 1991 Mercedes-Benz 500-Class covered for flood damage?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

What car insurance coverages do you need?

Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Comprehensive car insurance

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, fire damage and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision insurance

This will pay to fix damage to your 500-Class caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability auto insurance

This can cover injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for things like medical services, attorney fees and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as pain medications, EMT expenses and funeral costs. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

More effort can pay off

Some insurance providers may not have internet price quotes and these regional insurance providers provide coverage only through independent agencies. Cheaper insurance coverage is definitely available online in addition to local insurance agencies, and you need to comparison shop both to have the best chance of lowering rates.

You just learned a lot of tips how to compare 1991 Mercedes-Benz 500-Class insurance rates online. The key concept to understand is the more companies you get car insurance rates for, the higher your chance of finding the cheapest insurance coverage. Consumers may even find the most savings is with an unexpected company.

Insureds who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, questionable increases in premium, policy cancellation and even high prices. Regardless of your reason, finding a new company is pretty easy and you might even save some money in the process.

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