1993 Mercedes-Benz 500-Class Car Insurance Quotes

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Say no more because many consumers feel financially strained by their auto insurance policy. Numerous insurance companies battle for your business, and it can be difficult to compare rates and get the definite cheapest price

It’s a good habit to shop coverage around before your next renewal because rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best premium rates for 500-Class coverage on your last policy you can probably find a better price now. You’ll find quite a bit of inaccurate information about auto insurance on the web, but we’re going to give you some tested techniques to quit paying high auto insurance rates.

How to get cheap insurance coverage

Most of the larger companies such as Allstate, Geico and Progressive allow you to get insurance quotes on their websites. Getting prices online doesn’t take much effort as you just enter the coverages you want into the quote form. Once you submit the form, their quoting system will order credit information and your driving record and generates a price based on the data you entered. Quoting online makes comparing rates easy, but the time required to go to several different sites and type in your information is a big time waster. But it’s also necessary to compare as many rates as possible if you are searching for better insurance coverage pricing.

The smarter way to lower your rates makes use of a single form that gets price quotes from a bunch of companies at once. The form is fast, eliminates form submissions, and makes quoting online much more enjoyable. After sending your information, it is rated and you can select any one of the quotes that you receive.

If the quotes result in lower rates, you can click and sign and buy the policy. The entire process just takes a couple of minutes and can result in significant savings.

To quickly get comparison pricing now, click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended that you enter the coverages as close as possible to your current policy. Doing this assures you will have a price comparison based on the exact same insurance coverage.

Are you falling for claims of savings?

Consumers get pounded daily by advertisements that promise big savings from companies such as Allstate, Geico and Progressive. They all make the point about savings just by moving your car insurance policy to them.

How is it possible that every company can charge less that you’re paying now? It’s all in the words they use.

Companies give the best rates for the type of driver that will be a good risk. For example, this type of insured may need to be over the age of 35, has few claims, and drives a lower-performance vehicle. Any customer who fits those characteristics will get a cheap rate quote and have a good chance to save if they switch.

People who cannot meet the requirements will probably be forced to pay more expensive rates and the driver buying from a lower-cost company. The ads say “drivers that switch” not “everyone who quotes” save the amount stated. That’s why companies can truthfully lure you into getting a quote.

Each company has different criteria, so drivers should compare price quotes frequently. It is impossible to predict with any certainty which company will have the lowest prices for your situation.

Smart buyers can lower insurance rates

An important part of buying insurance is that you know some of the factors that help calculate the rates you pay for car insurance. If you know what determines premiums, this allows you to make good choices that will entitle you to big savings.

  • Your location is a factor – Being located in a rural area has it’s advantages when insuring your vehicles. Fewer drivers means less chance of accidents in addition to fewer liability claims. People in densly populated areas regularly have congested traffic and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.
  • Get a ticket, pay higher premiums – Whether or not you get tickets impacts premiums far more than you think. Having just one chargable violation can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who have gotten flagrant tickets like DUI or willful reckless driving may find that they have to to complete a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Cheaper rates using alarms and GPS tracking – Driving a car with a theft deterrent system can help lower your rates. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping your vehicle from being stolen.
  • Younger drivers pay more – Teen drivers are known to get distracted easily when driving with friends and because of this, their car insurance rates are much higher. Having to add a teenage driver to your policy can be quite pricey. More experienced drivers are more cautious drivers, cause fewer claims and accidents and are safer drivers.
  • Use credit responsibly and save – An insured’s credit score can be a huge factor in determining what you pay. So if your credit history is not that good, you could pay less to insure your 1993 Mercedes-Benz 500-Class if you clean up your credit. Drivers who have excellent credit tend to file fewer claims than drivers with lower ratings.
  • Higher premiums for specific vocations – Did you know that where you work can have an impact on rates? Occupations such as doctors, business owners and stock brokers tend to have higher average rates attributed to intense work requirements and lots of time spent at work. On the flip side, jobs such as actors, engineers and retirees pay lower than average rates for 500-Class coverage.
  • Liability insurance preserves assets – The liability coverage on your policy provides coverage in the event that you are determined to be liable for causing personal injury or damage in an accident. This coverage provides you with a defense in court to defend your case. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.

Get cheap insurance quotes with discounts

Insurance can be prohibitively expensive, but there are discounts available that you may not even know about. Larger premium reductions will be automatically applied at the time of quoting, but a few must be specifically requested in order for you to get them.

  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Good Student – This discount can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
  • Discount for Life Insurance – Larger insurance companies have a discount if you purchase some life insurance too.
  • Discounts for Government Workers – Employees or retirees of the government could qualify for a slight premium decrease for 500-Class coverage with a few insurance companies.
  • Defensive Driving Course – Taking part in a class that teaches defensive driver techniques could cut 5% off your bill and make you a better driver.
  • Pay Early and Save – If you can afford to pay the entire bill rather than spreading payments over time you can avoid the installment charge.
  • Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz can earn lower premium rates on the low mileage vehicles.
  • Discount for Multiple Policies – When you combine your auto and homeowners insurance with one insurance company you may save over 10 percent off each policy depending on the company.
  • Discount for Home Ownership – Simply owning a home can save a few bucks due to the fact that maintaining a home is proof that your finances are in order.
  • No Accidents – Insureds who avoid accidents and claims can earn big discounts compared to insureds who have frequent claims or accidents.

One thing to note about discounts is that some credits don’t apply to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount will cut the premium cost.

Popular insurance companies and some of the discounts are outlined below.

  • State Farm policyholders can earn discounts including student away at school, good driver, anti-theft, safe vehicle, and passive restraint.
  • Nationwide offers discounts including multi-policy, Farm Bureau membership, defensive driving, family plan, and business or organization.
  • Geico has discounts for five-year accident-free, driver training, seat belt use, multi-vehicle, multi-policy, and good student.
  • AAA offers discounts for multi-policy, good student, education and occupation, AAA membership discount, multi-car, and pay-in-full.
  • 21st Century discounts include defensive driver, anti-lock brakes, early bird, good student, driver training, automatic seat belts, and theft prevention.
  • The Hartford may include discounts for anti-theft, good student, bundle, defensive driver, vehicle fuel type, air bag, and driver training.

Check with each company to apply every possible discount. All car insurance discounts may not apply in your area. If you would like to choose from a list of insurance companies who offer free insurance quotes, click this link.

Tailor your insurance coverage coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there really is not a perfect coverage plan. Each situation is unique so your insurance should reflect that For example, these questions can aid in determining if you would benefit from professional advice.

  • Is rental equipment covered for theft or damage?
  • What if I total my 1993 Mercedes-Benz 500-Class and owe more than it’s worth?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Why is insurance for a teen driver so high?
  • Why do I need rental car insurance?
  • Why am I required to get a high-risk car insurance policy?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Insurance coverage basics

Having a good grasp of your policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.

Insurance for medical payments

Med pay and PIP coverage pay for short-term medical expenses like ambulance fees, X-ray expenses, funeral costs and hospital visits. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your Mercedes-Benz 500-Class.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liablity limits.

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as scraping a guard rail, crashing into a ditch, colliding with a tree, sideswiping another vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like vandalism, a tree branch falling on your vehicle, hail damage and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverage

Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. This insurance protects YOU against claims from 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 stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like bail bonds, structural damage, legal defense fees, funeral expenses and medical services. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Cheaper insurance is a realistic goal

Cheaper 1993 Mercedes-Benz 500-Class insurance is possible from both online companies and from local agencies, so you need to shop insurance with both to have the best chance of lowering rates. Some auto insurance companies do not provide the ability to get quotes online and many times these small insurance companies work with local independent agents.

In this article, we covered a lot of information how to get a better price on 1993 Mercedes-Benz 500-Class insurance. The key concept to understand is the more providers you compare, the better likelihood of getting the cheapest insurance. You may even discover the most savings is with the smaller companies. Regional companies may only write in your state and offer lower premium rates compared to the large companies like Geico and State Farm.

For more information, feel free to visit the resources below: