2003 Mercedes-Benz M-Class Insurance Rates – 6 Tips for Cheaper Quotes

Trying to find the cheapest car insurance rates for your Mercedes-Benz M-Class? Sick and tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as millions of other people.

Lots of auto insurance companies contend for your business, so it can be very hard to choose a insurer and uncover the absolute lowest cost out there.

Consumers should take time to quote other rates before your policy renews because car insurance prices change regularly. Despite the fact that you may have had the lowest quotes for M-Class coverage six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the best methods to properly buy coverages while reducing your premium.

The most recommended method to compare policy rates takes advantage of the fact car insurance companies pay for the opportunity to give rate comparisons. The only thing you need to do is give the companies some data such as if the car is leased, if a SR-22 is required, how much you drive, and if it has an anti-theft system. Those rating factors is instantly sent to multiple companies and you receive quotes with very little delay.

Get lower-cost insurance quotes with discounts

Properly insuring your vehicles can get expensive, but companies offer discounts to cut the cost considerably. Some discounts apply automatically when you complete an application, but a few need to be inquired about before they will apply.

  • Government Employee Discount – Simply working for the federal government could provide a small rate reduction for M-Class coverage with a few insurance companies.
  • Air Bag Discount – Vehicles equipped with air bags can receive discounts of 20% or more.
  • Life Insurance – Select insurance carriers reward you with a discount if you purchase some life insurance in addition to your auto policy.
  • Lower Rates for Military – Having a family member in the military may lower your prices slightly.
  • Discounts for Good Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for M-Class coverage compared to rates paid by drivers with frequent claims.
  • Low Mileage Discounts – Keeping the miles down on your Mercedes-Benz could earn substantially lower insurancerates.

Policy discounts save money, but most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, it’s just not the way it works. But any discount will help reduce the amount you have to pay.

A few popular companies and their offered discounts can be read below.

  • AAA offers premium reductions for multi-policy, good student, education and occupation, anti-theft, AAA membership discount, and pay-in-full.
  • Progressive offers discounts for continuous coverage, online quote discount, multi-vehicle, multi-policy, homeowner, good student, and online signing.
  • State Farm has savings for accident-free, multiple autos, student away at school, good driver, defensive driving training, and driver’s education.
  • Esurance policyholders can earn discounts including homeowner, emergency road assistance, paid-in-full, online quote, DriveSense, and good driver.
  • Nationwide includes discounts for Farm Bureau membership, good student, easy pay, anti-theft, and business or organization.

Before buying, ask all companies you are considering which discounts can lower your rates. Some of the earlier mentioned discounts may not be available in your area. To see a list of insurance companies that offer discounts, click here.

Tailor your auto insurance coverage to you

When choosing coverage, there is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. For instance, these questions might help in determining whether your personal situation will benefit from professional help.

  • Am I covered if I crash into my own garage door?
  • How much liability insurance is required?
  • Do I need added coverage for expensive stereo equipment?
  • Is extra glass coverage worth it?
  • Do I pay less for low miles?
  • Do I need roadside assistance coverage?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Insurance specifics

Having a good grasp of insurance can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Mercedes-Benz M-Class.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, scraping a guard rail and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like hospital visits, prosthetic devices, doctor visits, surgery and funeral costs. The coverages 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 will also cover being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive coverages

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from flooding, falling objects, a broken windshield, a tree branch falling on your vehicle and hail damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability auto insurance

This coverage will cover damage or injury you incur to other people or property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as bail bonds, medical services and attorney fees. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.