2014 Mercedes-Benz B-Class Electric Drive Car Insurance Cost

Trying to come up with a payment for expensive insurance coverage can diminish your funds and force you to cut corners elsewhere. Shopping your coverage around can save money and help to reduce premiums and put more money in your pocket.

Multiple insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurers and uncover the absolute lowest price

Cheap auto insurance rates with discounts

Auto insurance is easily one of your largest bills, but companies offer discounts that can drop the cost substantially. Some discounts apply automatically at the time you complete a quote, but occassionally some discounts must be specially asked for before they will apply.

  • Passive Restraints – Cars that have air bags or automatic seat belts may get savings of more than 20%.
  • Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.
  • Buy New and Save – Insuring a vehicle that is new can get you a discount compared to insuring an older model.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy a life insurance policy as well.
  • Safe Drivers – Insureds who avoid accidents can save as much as half off their rates for B-Class Electric Drive coverage compared to rates paid by drivers with frequent claims.
  • Waiver for an Accident – Not really a discount, but certain companies allow you one accident without the usual rate increase as long as you don’t have any claims before the accident.
  • Mature Driver Discount – Seniors may qualify for a small discount on rates for B-Class Electric Drive coverage.
  • Onboard Data Collection – People who choose to allow their insurance company to scrutinize vehicle usage by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
  • Distant Student Discount – College-age children who live away from home to go to college without a vehicle on campus may be insured at a cheaper rate.
  • Smart Student Discounts – Excelling in school could provide a savings of up to 20% or more. Most companies allow this discount until age 25.

We need to note that most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

A few of the larger companies and the discounts they provide are included below.

  • Farm Bureau offers premium reductions for youthful driver, good student, renewal discount, safe driver, 55 and retired, and multi-policy.
  • MetLife offers discounts including accident-free, good student, good driver, multi-policy, and defensive driver.
  • Progressive may include discounts for online signing, online quote discount, continuous coverage, multi-vehicle, and good student.
  • AAA discounts include education and occupation, pay-in-full, AAA membership discount, good driver, multi-policy, and good student.
  • American Family policyholders can earn discounts including TimeAway discount, multi-vehicle, good driver, air bags, and mySafetyValet.
  • Geico has savings for air bags, anti-lock brakes, membership and employees, multi-policy, five-year accident-free, driver training, and anti-theft.
  • State Farm includes discounts for driver’s education, accident-free, Drive Safe & Save, passive restraint, and defensive driving training.

Before you buy a policy, ask every company to apply every possible discount. Some of the discounts discussed earlier may not apply to policies everywhere. If you would like to view insurance companies that have a full spectrum of discounts, click here.

The best way we recommend to compare policy rates is to understand most of the bigger providers have advanced systems to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details including what your job is, the ages of drivers, how much education you have, and how your vehicles are used. Your information is automatically sent to many highly-rated insurers and you will get price comparisons immediately.

The Mercedes-Benz B-Class Electric Drive insurance premium equation

Lots of factors are part of the equation when you get a price on insurance. Most are fairly basic like your driving record, but some are not quite as obvious such as your marital status or how safe your car is.Part of the insurance buying process is learning some of the factors that play a part in calculating your insurance rates. When you understand what influences your rates, this allows you to make educated decisions that may result in lower insurance prices.

  • Theft deterrents save – Selecting a car model with anti-theft technology or alarm system can help lower your rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft.
  • Never let your insurance policy lapse – Letting your insurance expire is a fast way to pay more for insurance. In addition to paying higher premiums, being ticketed for driving with no insurance may result in fines and jail time.
  • Annual mileage and car insurance rates – Driving a lot of miles every year the more you will pay for insurance. A lot of insurance companies calculate prices partially by how you use the vehicle. Vehicles left parked in the garage qualify for better rates as compared to vehicles used primarily for driving to work. An incorrectly rated B-Class Electric Drive can cost quite a bit. It’s a smart idea to ensure your insurance declarations sheet correctly shows the correct driver usage, because it can save money.
  • High policy claims frequency drives up premiums – Car insurance companies award the best rates to insureds who only file infrequent claims. If you tend to file frequent claims, you can look forward to either policy cancellation or increased premiums. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
  • More traffic means higher claims – Being located in a rural area is a good thing when talking about insurance. Residents of big cities have more auto accidents and longer commute times. Less people corresponds to lower accident rates in addition to lower liability claims
  • High comp and collision deductibles lower prices – The deductibles tell how much you are required to pay if you file a covered claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, vandalism, and damage from wind. The more damage repair cost you’re willing to pay, the less your insurance will be for B-Class Electric Drive coverage.

Tailor your auto insurance coverage to you

When buying coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs would benefit from an agent’s advice.

  • How does medical payments coverage work?
  • What if I owe more than I can insure my car for?
  • Do I have coverage when making deliveries for my home business?
  • When should I remove comp and collision on my 2014 Mercedes-Benz B-Class Electric Drive?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What are the best liability limits?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What should my uninsured motorist coverage limits be in my state?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Insurance specifics

Learning about specific coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for short-term medical expenses like nursing services, doctor visits, surgery, chiropractic care and pain medications. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability insurance protects you from damage that occurs to people or other property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers claims like pain and suffering, loss of income, funeral expenses, repair costs for stationary objects and structural damage. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, damage from getting keyed, hitting a deer, theft and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage

Collision insurance covers damage to your B-Class Electric Drive caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as scraping a guard rail, damaging your car on a curb and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Be a Smart Shopper

More affordable insurance coverage is attainable on the web and also from your neighborhood agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers may not have online price quotes and usually these small insurance companies prefer to sell through local independent agencies.

While you’re price shopping online, do not reduce needed coverages to save money. In many instances, someone dropped liability limits or collision coverage only to regret at claim time that it was a big mistake. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost, not the least amount of coverage.

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