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

Looking for lower auto insurance rates for your Mercedes-Benz CL-Class? Baffled by the dozens of auto insurance sources in your area? People have so many sources available that it can turn into hard work to find lower rates.

Smart consumers take time to compare rates occasionally because auto insurance prices are rarely the same from one policy term to another. Even if you got the best price for CL-Class insurance a year ago other companies may now be cheaper. Forget all the misinformation about auto insurance because you’re going to learn how to use the internet to lower your annual insurance bill.

The method we recommend to compare car insurance rates is to know the trick most insurance companies pay for the opportunity to quote your coverage. All you need to do is provide the companies a bit of rating information like distance driven, how your vehicles are used, your credit rating estimate, and your job. Those rating factors is instantly sent to all major companies and you will get price comparisons almost instantly.

To compare rates now, click here and enter the information requested.

The car insurance bait and switch

State Farm and Allstate constantly bombard you with television, radio, and online ads. They all seem to advertise the message of big savings just by moving your policy. It sounds good, but how can they all lower your prices?

Many companies give the cheapest rates for the right customer that will not have excessive claims. One example of a profitable risk profile could possibly be between the ages of 30 and 50, has never had a claim, and drives a vehicle with a low ISO rating. A customer getting a price quote that hits that “sweet spot” will get the preferred auto insurance rates and as a result will probably pay quite a bit less when switching companies.

Potential customers who may not quite match those criteria will be charged higher premium rates which usually ends up with the driver buying from a lower-cost company. If you listen to the ad wording, they say “people who switch” not “all people who quote” save that much. This is how companies can make those statements.

This illustrates why you really should get price quotes at each policy renewal. It is impossible to predict with any certainty which company will have the best auto insurance rates.

Informed drivers can reduce insurance rates

Part of the car insurance buying process is learning some of the things that are used to determine the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with big savings.

The itemized list below are some of the things used by your company to calculate prices.

  • Occupation can influence prices – Occupations like real estate brokers, business owners and accountants generally have higher premium rates in part from intense work situations and lots of time spent at work. Conversely, careers such as professors, engineers and the unemployed generally pay rates lower than average for CL-Class insurance.
  • Bundle policies and save – Many companies afford better rates to people that have more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s always a smart idea to compare other company rates to help guarantee you have the best rates.
  • Decrease car insurance rates by maintaining coverage – Driving your car without having proper coverage is a big no-no and car insurance companies will penalize you for letting your insurance lapse for non-payment. Not only will you pay more, the inability to provide proof of insurance might get you a revoked license or a big fine. Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Save money with theft deterrents – Choosing to buy a car that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder vehicle theft.
  • Pleasure use saves money – The more you drive your Mercedes-Benz in a year the higher the price you pay to insure it. Many insurance companies apply a rate based upon how you use the vehicle. Vehicles not used for work or commuting can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your CL-Class is throwing money out the window. Double check that your car insurance policy shows the correct usage for each vehicle, because improper ratings can cost you money.
  • Men tend to take more risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, this does not mean males are worse at driving than females. Both sexes cause fender benders at about the same rate, but guys tend to have more serious accidents. Not only that, but men also have more aggressive citations like driving under the influence (DUI). Male teenagers are the most expensive to insure and are penalized with high car insurance rates.

Insurance policy discounts you can’t miss

Companies offering auto insurance don’t always list all their discounts very clearly, so the next list breaks down both well-publicized as well as the least known insurance savings.

  • Drive Safe and Save – Accident-free drivers could pay up to 40% less for CL-Class insurance than their less cautious counterparts.
  • Own a Home and Save – Just being a homeowner can get you a discount since owning and maintaining a home is proof of financial responsibility.
  • Theft Deterent – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency so companies will give you a small discount.
  • Sign Early and Save – A few larger companies allow discounts for switching companies before your current policy expires. It can save you around 10%.
  • Defensive Driver Discounts – Taking a driver safety course could earn you a small percentage discount and easily recoup the cost of the course.
  • Student Discounts – Getting good grades may save as much as 25% on a insurance quote. The discount lasts well after school through age 25.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can stop better under adverse conditions and the ABS can save up to 10%.

As a footnote on discounts, some credits don’t apply to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you could get a free insurance policy, insurance companies aren’t that generous.

To see companies that offer some of these discounts, follow this link.

Insurance agents can help

When it comes to choosing the best insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Every situation is different.

For example, these questions can aid in determining if you will benefit from professional help.

  • Should I buy only the required minimum liability coverage?
  • Will my rates increase for filing one claim?
  • Am I covered when driving someone else’s vehicle?
  • Do I need roadside assistance coverage?
  • Do all my vehicles need collision coverage?
  • How much liability insurance is required?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form.

Parts of your insurance policy

Understanding the coverages of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Auto liability

This coverage will cover damages or injuries you inflict on people or other property that is your fault. 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 for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as repair costs for stationary objects, bail bonds and pain and suffering. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Coverage for collisions

This will pay to fix damage to your CL-Class resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as driving through your garage door, crashing into a ditch, crashing into a building and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like prosthetic devices, X-ray expenses, dental work, rehabilitation expenses and chiropractic care. The coverages can be used to cover expenses not covered by your 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 any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like theft, a tree branch falling on your vehicle, damage from flooding and falling objects. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Save your cold hard cash

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. There are too many instances where an insured cut liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at a price you can afford, not the least amount of coverage.

Drivers change insurance companies for a number of reasons such as high rates after DUI convictions, poor customer service, lack of trust in their agent or delays in responding to claim requests. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.

In this article, we covered many ideas to shop for 1998 Mercedes-Benz CL-Class insurance online. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest car insurance rates are with an unexpected company.

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