Lower Your 1991 Mercedes-Benz 500-Class Insurance Cost

Searching for lower insurance coverage rates for your Mercedes-Benz 500-Class? Did you fall for a flashy sales pitch and buy high-priced insurance coverage? Believe me when I say you’re not the only one.

Lots of car insurance companies contend to insure your vehicles, and it can be difficult to compare rates to find the lowest rate possible.

Comprehensive Car Insurance Comparison Quotes

There are several ways to shop for Mercedes-Benz 500-Class car insurance, but there is one way that is less time-consuming than others. You could spend your day driving to local insurance agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.

Most major companies belong to a marketplace that enables customers to send in one quote, and at least one company returns a rated price. This system prevents you from having to do form submissions to every company.

To compare 1991 Mercedes-Benz 500-Class rates using this form now click here to open in new window.

The only drawback to using this type of system is you don’t know exactly the providers you will receive quotes from. If you would rather choose individual companies to receive pricing from, we have a listing of companies who write car insurance in your area. Click here for list of insurance companies.

However you get your quotes, double check that you are using exactly the same coverage limits and deductibles for every company. If your comparisons have different deductibles it’s not possible to make a fair comparison for your Mercedes-Benz 500-Class. Quoting even small variations in limits can mean a large discrepancy in price. And when quoting car insurance, remember that getting more free quotes will improve the odds of getting a lower rate.

Save 15 percent in 15 minutes? Is it for real?

Companies like State Farm and Allstate consistently run television and radio advertisements. All the ads have a common claim about savings if you change to them. How can each company claim to save you money? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a preferred risk could possibly be a mature driver, has no tickets, and has a high credit rating. A customer that hits that “sweet spot” receives the best rates and is almost guaranteed to save when switching.

Potential customers who don’t measure up to the requirements will have to pay higher premiums which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently advertise the savings. Because of the profiling, you need to compare as many rates as you can. It is impossible to predict which car insurance company will provide you with the cheapest Mercedes-Benz 500-Class insurance rates.

Mercedes-Benz 500-Class insurance rates have many determining factors

Consumers need to have an understanding of some of the elements that help determine your car insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

The following are a few of the “ingredients” used by your company to calculate rates.

  • Proper usage rating affects rates – Driving more miles every year the more you’ll pay to insure your vehicle. Most companies charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your car insurance coverage is rated on the proper vehicle usage, because it can save money. Incorrect usage on your 500-Class can cost quite a bit.
  • How credit affects car insurance rates – Your credit score is a large factor in your rate calculation. If your credit history is lower than you’d like, you could be paying less to insure your 1991 Mercedes-Benz 500-Class by improving your credit score. Consumers who have excellent credit tend to be less risk to insure than those with poor credit.
  • Safer occupants lowers premiums – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles reduce injuries and better occupant protection translates into savings for insurance companies and lower rates for you. If your Mercedes-Benz has ratings of a minimum four stars on Safercar.gov you are probably receiving a discount.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the coverage that protects you if a jury decides you are liable for damages caused by your negligence. It provides you with a defense in court up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not cut corners here.
  • Big city or small town – Being located in small towns and rural areas is a positive aspect when it comes to car insurance. Fewer people means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities have to deal with more traffic problems and longer commute times. More time on the road means higher likelihood of an accident.
  • More claims means more premium – Companies provide cheaper rates to people who do not rely on their insurance for small claims. If you file claims often, you can look forward to either higher rates or even cancellation. Car insurance is intended to be relied upon for the large, substantial claims.
  • Males pay more for insurance – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are worse drivers. They both tend to get into accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations like DUI and reckless driving.

Policy discounts you shouldn’t miss

Companies that sell car insurance don’t list every discount in a way that’s easy to find, so we took the time to find some of the more common and also the lesser-known savings tricks you should be using.

  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% for 500-Class coverage with a few insurance companies.
  • Multiple Vehicles – Buying insurance for multiple vehicles with the same company can get a discount on all vehicles.
  • Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more for 500-Class coverage than their less cautious counterparts.
  • Driver’s Ed – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% since new cars are generally safer.

Consumers should know that many deductions do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of insurance companies with the best insurance discounts, click here to view.

Insurance agents can help

When buying the right insurance coverage for your vehicles, there is no “perfect” insurance plan. Every situation is different and your policy should reflect that. These are some specific questions may help you determine if your insurance needs might need professional guidance.

  • Who is covered when they drive my 1991 Mercedes-Benz 500-Class?
  • Is my Mercedes-Benz 500-Class covered if I use it for business?
  • Who is covered by my policy?
  • How many claims can I have before being cancelled?
  • Should I get collision insurance on every vehicle?
  • Is extra glass coverage worth it?
  • I have a DUI can I still get coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I benefit by insuring my home with the same company?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Insurance coverage breakdown

Having a good grasp of your insurance policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverage types offered by insurance companies.

Collision insurance

Collision coverage covers damage to your 500-Class resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as hitting a parking meter, driving through your garage door and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for X-ray expenses, rehabilitation expenses, pain medications and doctor visits. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage will cover injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims such as attorney fees, medical services and structural damage. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Comprehensive protection

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hail damage, hitting a deer and vandalism. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Don’t throw your cash in the trash

Discount 1991 Mercedes-Benz 500-Class insurance is attainable from both online companies and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. There are still a few companies who may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. The aim is to find the BEST coverage at the best price while not skimping on critical coverages.

Additional insurance information is available on the following sites: