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Mercedes-Benz 500-Class Insurance Cost

There are many options when finding cheaper insurance coverage on your Mercedes-Benz vehicle. You can get prices from a local agent or go online to check prices from insurance carriers. Finding cheaper car insurance by getting online quotes can be fast and easy and there is a good chance you might just save a little.

If you are a novice to online car insurance shopping, you can be overwhelmed by the hoards of online companies vying for your business. When shopping for car insurance there are multiple ways to get quotes from local car insurance companies. The easiest way by far to find competitive 500-Class insurance rates is to perform an online rate comparison. This can be accomplished by completing this short form.

Auto insurance rates paid to insure a Mercedes-Benz 500-Class can be significantly different depending on several factors. Some of these factors include:

  • Higher performance 500-Class vehicles cost more
  • How many accidents you have had
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Extra coverages like towing and rental
  • What you do for a living
  • Your coverage level
  • Whether you own your home

A final factor which can affect 500-Class insurance cost is the model year. Models that are a few years old cost less in comparison to older models so the costs to repair may result in lower rates. On the flip side, more recent Mercedes-Benz vehicles may have a trim level with safety features like traction control, adaptive headlights, and automatic crash notification that may help give discounted rates.

For you to have a better understanding of how much rates will be for your vehicle, select the year of your 500-Class below.

Liability

This coverage will cover damage that occurs to a person or their property that is your fault. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying as large an amount as possible.

Collision protection

This will pay to fix damage to your Mercedes-Benz from colliding with another car or object. You first must pay a 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. It's also possible to bump up the deductible to get cheaper 500-Class insurance cost.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your Mercedes-Benz 500-Class comprehensive insurance. The highest amount you'll receive from a claim is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don't have enough coverage. Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are Mercedes-Benz 500-Class Insurance Rates?