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Mercedes-Benz 300-Class Insurance Cost

You have many choices when finding cheaper insurance coverage on your Mercedes-Benz vehicle. You can get prices from a local agent or go online to compare insurance costs of multiple companies. Finding cheaper auto insurance online can be fast and easy, in addition you might just save a little.

If you are a novice to online auto insurance shopping, you may be confused by the hoards of online companies vying for your business. Finding cheaper coverage prices is not rocket science. All you need to do is take the time to get quotes provided by online insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Criteria which help determine car insurance premiums

Auto insurance rates paid to insure a Mercedes-Benz 300-Class can vary widely depending on several factors. A few of these criteria are:

  • Higher performance 300-Class vehicles cost more
  • Any accidents you may have
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Optional coverages like vehicle replacement
  • Claims drive up premiums
  • Maintaining coverage lowers rates
  • Owning a home can lower rates

A final factor which can affect 300-Class insurance cost is the model year. Models that are new have a higher actual cash value in comparison to later models so the cost to replace them can inflate annual premiums. But newer vehicles may have a trim level with safety features including forward-collision avoidance, sideview assist mirrors, and all-wheel drive which can help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your 300-Class from the following list.

Liability coverage

This coverage can cover injuries or damage you cause to a person or their property that is your fault. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision protection

This covers damage to your Mercedes-Benz from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive coverage

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by your Mercedes-Benz 300-Class comprehensive insurance. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. Since a lot of drivers carry very low liability coverage limits, it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for bills (i.e. ambulance fees, surgery, and doctor visits). They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Personal Injury Protection is not an option in every state and may carry a deductible.

How Much are Mercedes-Benz 300-Class Insurance Rates?