View 1992 Mercedes-Benz 500-Class Insurance Quotes

Want better auto insurance rates for your Mercedes-Benz 500-Class? Trying to find better insurance prices for a new or used Mercedes-Benz 500-Class can turn out to be difficult, but you can learn the following methods and make it easy.

There are both good and bad ways to find auto insurance online and you need to know the best way to get price quotes on a Mercedes-Benz and locate the best price possible either online or from local insurance agents.

If you are insured now or are looking for a new policy, you can use these tips to find better prices while maintaining coverages. Buying the best coverage can be fairly easy. Consumers just need to learn the most effective way to find the lowest price online.

You may qualify for discounts

Car insurance is not inexpensive, but you can get discounts to help bring down the price. Most are applied at the time you complete a quote, but some discounts are required to be specifically requested before you will receive the discount.

  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% on 500-Class insurance depending on your company.
  • Senior Citizen Rates – Mature drivers can get reduced rates on 500-Class insurance.
  • Defensive Driver – Taking time to complete a defensive driving course could earn you a small percentage discount and easily recoup the cost of the course.
  • Own a Home – Being a homeowner may earn you a small savings because it requires personal responsibility.
  • Safety Restraint Discount – Drivers who require all vehicle occupants to use their safety belts can save a little off the PIP or medical payment premium.
  • Discount for New Cars – Insuring a vehicle that is new can get you a discount because newer vehicles have to meet stringent safety requirements.

While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Some only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, you aren’t that lucky. Any qualifying discounts will help lower the amount you pay for coverage.

Some companies that have most of the discounts above may include but are not limited to:

Double check with all companies you are considering which discounts they offer. Some of the discounts discussed earlier may not apply to policies in your area. If you would like to view car insurance companies that offer many of these discounts, click here.

Finding auto insurance

Finding a lower price on 1992 Mercedes-Benz 500-Class insurance is not rocket science. You just need to take a couple of minutes comparing rate quotes to discover which company has the cheapest insurance quotes. This can easily be done using one of these methods.

  • Probably the best way to find low rates would be an industry-wide quote request form like this one (opens in new window). This style of form saves time by eliminating separate quote forms for every company. One simple form gets coverage cost estimates from auto insurance companies with the best prices.It’s the quickest way to get rates.
  • A slightly less efficient method to compare rate quotes consists of visiting each individual company website and request a quote. For examples sake, let’s say you want to compare Progressive, 21st Century and American Family. In order to get each rate, you would have to take the time to go to each site and enter your policy data, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

How you compare quotes is your choice, just try to use the same coverage data on every quote. If each company quotes higher or lower deductibles you can’t possibly truly determine the lowest rate.

How insurance companies calculate Mercedes-Benz 500-Class insurance costs

When buying insurance it’s important to understand the different types of things that aid in calculating insurance rates. When you know what positively or negatively impacts premium levels, this allows you to make good choices that can earn you lower rates. Many things are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, but other factors are not as apparent such as your marital status or your financial responsibility.

The list below includes some of the most common factors that factor into premiums.

  • Liability protection limits on your policy – Your insurance policy’s liability coverage will afford coverage when you are determined to be liable for damages caused by your negligence. Your liability coverage provides you with a defense in court which can cost a lot. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not cut corners here.
  • Lower rates come with age – More experienced drivers tend to be more responsible, tend to file fewer claims and receive fewer citations.Inexperience drivers have a tendency to be easily distracted in a vehicle and because of this, their insurance rates are much higher.
  • Vehicle features can affect rates – Choosing a vehicle with advanced anti-theft systems can get you a discount on your insurance. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.
  • Premiums may be lower depending on your employer – Do you have a high-stress occupation? Careers such as lawyersairline pilots and stock brokers usually pay higher rates than average in part from stressful work requirements and extremely grueling work hours. On the flip side, careers like scientists, historians and the unemployed have lower than average premiums on 500-Class insurance.
  • When should you not file a insurance claims? – If you file claims often, don’t be surprised to see either a policy non-renewal or much higher rates. Car insurance companies generally give cheaper rates to policyholders who do not file claims often. Your car insurance is intended for major claims that would cause financial hardship.
  • Cheaper premiums with safer cars – Cars with high safety ratings tend to have better insurance rates. The safest vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into savings for insurance companies which can result in lower premiums.
  • Increase coverage deductibles and save – The deductibles you choose are the amount of money you are required to pay if a claim is determined to be covered. Physical damage protection, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of covered claims would be colliding with a stationary object, damage caused by hail, and damage from wind. The higher the amount the insured has to pay upfront, the lower your rates will be on 500-Class insurance.

There’s no such thing as the perfect insurance policy

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

For example, these questions might point out if your situation might need an agent’s assistance.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Is other people’s property covered if stolen from my vehicle?
  • What is UM/UIM insurance?
  • How can I force my company to pay a claim?
  • What are the best liability limits?
  • What is covered by UM/UIM coverage?
  • Who is covered when they drive my 1992 Mercedes-Benz 500-Class?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance policy specifics

Knowing the specifics of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense insurance – Med pay and PIP coverage provide coverage for immediate expenses for doctor visits, funeral costs, X-ray expenses and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Liability insurance – Liability coverage provides protection from damage that occurs to other people or property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims like medical expenses, medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers – This provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Collision coverages – This will pay to fix damage to your 500-Class from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like damaging your car on a curb, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision) – This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, hitting a bird, rock chips in glass, fire damage and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Don’t break the bank

You just read some good ideas how to shop for 1992 Mercedes-Benz 500-Class insurance online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding cheap insurance. Drivers may discover the lowest prices are with some of the smallest insurance companies.

When shopping online for car insurance, it’s not a good idea to sacrifice coverage to reduce premiums. In many cases, drivers have reduced collision coverage only to discover later that it was a big error on their part. Your goal is to get the best coverage possible at an affordable rate.

Low-cost 1992 Mercedes-Benz 500-Class insurance is attainable online as well as from independent agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not have internet price quotes and most of the time these regional carriers prefer to sell through independent agents.

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