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Mercedes-Benz 500-Class Insurance Rates

You have lots of choices when insurance shopping for your Mercedes-Benz vehicle. You can buy from a local agent or go online to compare insurance costs of car insurance companies. Comparing car insurance from online rate quotes can be fast and easy and at the same time you might just save a little.

If you've never shopped for car insurance online, it's easy to be confused by the hoards of online car insurance companies and websites vying for your business. When shopping for car insurance there are multiple ways of comparing rates from local car insurance companies. The easiest way to find the cheapest 500-Class insurance cost involves getting comparison quotes online. It is quite easy and can be accomplished by getting a quick quote here.

Which factors influence car insurance premiums?

Auto insurance rates for your Mercedes-Benz 500-Class can be significantly different depending on several factors. Taken into consideration are:

  • Higher performance 500-Class vehicles cost more
  • How many accidents you have had
  • Home and auto can earn discounts
  • Pleasure, commuting or business use can affect rates
  • Special coverage such as replacement cost
  • What you do for a living
  • Your coverage level
  • Whether you rent or own your home

A final factor that can impact 500-Class insurance rates is the model year. Used vehicles have a reduced actual cash value in comparison to older models so the payout to repair may result in lower rates. On the flip side, newer vehicles may have a trim level with safety features like an advanced theft deterrent system, adaptive cruise control, active head restraints, and a telematics system that may help help offset higher rates.

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

Liability insurance - This coverage can cover damages or injuries you inflict on other's property or people. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so consider buying as large an amount as possible.

Collision - This coverage covers damage to your Mercedes-Benz resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper 500-Class insurance rates.

Comprehensive protection - Comprehensive insurance coverage covers damage that is not covered by collision coverage. 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 can receive from a comprehensive claim 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.

UM/UIM Coverage - This provides protection when other motorists either are underinsured or have no liability coverage at all. Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical expense coverage - Coverage for medical payments and/or PIP pay for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Personal Injury Protection is not an option in every state and may carry a deductible.

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