Cheaper 2016 Mercedes-Benz AMG GT Insurance Quotes

Searching for the cheapest insurance rates for your Mercedes-Benz AMG GT? Are you irritated from wondering where the money will come from to pay insurance each month? You are in the same boat as many other drivers. With drivers having so many different company options, it is very difficult to pick the best insurer.

Insurance policy discounts

Some insurers do not list every possible discount very well, so below is a list both the well known in addition to some of the lesser obvious credits available to bring down your rates. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Homeowners Pay Less – Being a homeowner can save a few bucks because of the fact that having a home shows financial diligence.
  • Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts as compared to accident-prone drivers.
  • Air Bag Discount – Cars that have air bags or motorized seat belts may qualify for discounts of 25 to 30%.
  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of paying each month you may have a lower total premium amount.
  • Accident Forgiveness – Not really a discount, but some insurance companies permit an accident without the usual rate increase as long as you don’t have any claims for a set time period.
  • Renewal Discounts – Select larger companies give a discount for buying a new policy before your current expiration date. It can save you around 10%.
  • ABS and Traction Control Discounts – Anti-lock brake equipped vehicles are much safer to drive and the ABS can save up to 10%.
  • Paperless Signup – A few larger online companies will give you a small discount simply for signing on the web.
  • Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. The discount lasts up until you turn 25.
  • Clubs and Organizations – Participating in qualifying clubs or civic groups could trigger savings on your next renewal.

Policy discounts save money, but most discounts do not apply to all coverage premiums. Most cut specific coverage prices like medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way.

If you would like to choose from a list of insurers that offer the discounts shown above, follow this link.

How do I know if I need professional advice?

When buying the best insurance coverage coverage, there is no “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that might point out whether you might need professional guidance.

  • How much liability do I need to cover my assets?
  • Is my ex-spouse still covered by my policy?
  • Does my 2016 Mercedes-Benz AMG GT qualify for pleasure use?
  • Are rock chip repairs covered?
  • Will I lose any money if I cancel my policy before it expires?
  • Are my friends covered when driving my 2016 Mercedes-Benz AMG GT?
  • What if I don’t agree with a claim settlement offer?
  • How can I find cheaper teen driver insurance?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Misconceptions in car insurance advertisements

Consumers can’t escape the ads for cheaper car insurance from companies such as Progressive, Allstate and Geico. They all seem to tend to make the same promise that drivers will save a bundle if you switch your policy.

It sounds good, but how can they all sell you cheaper insurance coverage? This is how they do it.

Car insurance companies require specific criteria for the type of customer that earns them a profit. For instance, this type of driver might be described as a female over age 40, has other policies, and drives less than 10,000 miles a year. Any driver who matches that profile will most likely get cheap premium rates and will save when switching.

Potential customers who do not match these stringent criteria may receive a higher premium and ends up with business not being written. If you listen to the ad wording, they say “customers who switch” not “all people who quote” save that much money. That’s why insurance companies can make those claims. Because every company is different, drivers must do a quote comparison often. Because you cannot predict the company that will have the best rates for your profile.

Auto insurance policy specifics

Knowing the specifics of auto insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by auto insurance companies.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from flooding, damage from getting keyed and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability – This provides protection from damage or injury you incur to other people or property by causing an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers claims like attorney fees, pain and suffering, court costs, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

Collision – This coverage pays for damage to your AMG GT resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like damaging your car on a curb, crashing into a building and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical expense insurance – Med pay and PIP coverage pay for short-term medical expenses such as prosthetic devices, hospital visits and dental work. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Make an honest buck

More affordable insurance coverage can be bought from both online companies and from local agencies, and you need to comparison shop both to get a complete price analysis. A few companies may not have rates over the internet and usually these smaller companies only sell through independent insurance agents.

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many instances, an insured cut physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at a price you can afford and still be able to protect your assets.

Additional insurance coverage information can be found on the following sites: