How Much Does 1990 Mercedes-Benz 300-Class Car Insurance Cost?

Want lower auto insurance rates for your Mercedes-Benz 300-Class? If you’re trying to find lower-priced insurance on the web, are you confused by the wide range of auto insurance choices? Many other drivers are too. vehicle owners have such a vast assortment of choices available that it can quickly become a real challenge to locate the lowest auto insurance rates.

Consumers need to do price comparisons every six months because auto insurance prices change frequently. If you had the lowest rates for 300-Class insurance a year ago you may be paying too much now. Ignore everything you know about auto insurance because you’re about to learn the only way to lower your rates without sacrificing coverage.

Buy auto insurance online

There are several ways to obtain and compare prices from many auto insurance companies in your state. The easiest way by far to do a complete rate comparison consists of shopping online. This can be done in just a few minutes using one of these methods.

  1. The most efficient way consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This quick form prevents you from having to do a different quote for each company you want a rate for. Just one form gets prices estimates from multiple low-cost companies. Recommended for those who want to invest the least amount of time.
  2. A less efficient way to analyze rates is to manually visit each company website and get a separate price quote. For examples sake, we’ll assume you need rates from GEICO, Esurance and State Farm. To find out each rate you need to go to each individual site and type in your information over and over, and that explains why we recommend the first method.

    For a handy list of car insurance company links in your area, click here.

  3. Even if you have time, the least recommended method to find cheaper rates is physically going to each insurance agency near you. The internet can eliminate the need for a local agent unless you have a complicated situation and need the professional guidance that can only be provided by a licensed insurance agent. Drivers can get the lowest quotes online but have a local agent actually write the policy.

It’s your choice how you get your quotes, but be sure you’re using apples-to-apples quote information on every price quote you get. If each company quotes different limits and deductibles on each one then you won’t be able to determine which rate is truly the best. Even a minor difference in limits could throw off the whole comparison. It’s important to know that more quotes helps locate a better price.

Take policy discounts and save

The cost of insuring your cars can be expensive, but companies offer discounts that you may not even know about. Most are applied at quote time, but some must be asked for prior to getting the savings.

  • Multiple Policy Discount – When you combine your homeowners and auto insurance with one insurance company you could save as much as 10 to 15 percent.
  • Student Discount for Driver Training – Teen drivers should successfully complete driver’s ed class if it’s offered in school.
  • Use Seat Belts – Drivers who require all vehicle occupants to buckle up can save a little off the medical payments premium.
  • Defensive Driver – Taking part in a course that instructs on driving safety may get you a small discount and easily recoup the cost of the course.
  • Discount for Life Insurance – Not all companies offer life insurance, but some may give you a break if you buy life insurance.
  • No Accidents – Insureds who avoid accidents and claims pay much less as compared to insureds who have frequent claims or accidents.
  • Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
  • Multiple Vehicles – Having multiple cars or trucks on the same insurance policy can get a discount for every vehicle.
  • Student Discounts – Excelling in school may save you up to 25%. This discount can apply up to age 25.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, it just doesn’t work that way.

The best insurance companies and a summarized list of policyholder discounts are:

  • State Farm has savings for Steer Clear safe driver discount, multiple policy, driver’s education, good student, and defensive driving training.
  • GEICO offers discounts including air bags, driver training, emergency military deployment, multi-policy, anti-theft, and five-year accident-free.
  • SAFECO has discounts for multi-car, accident prevention training, anti-theft, teen safety rewards, anti-lock brakes, and homeowner.
  • Farmers Insurance discounts include youthful driver, business and professional, teen driver, good student, alternative fuel, and electronic funds transfer.
  • AAA includes discounts for pay-in-full, education and occupation, good driver, AAA membership discount, and multi-policy.
  • USAA may include discounts for safe driver, loyalty savings, new vehicle, defensive driver, good student, and vehicle storage.

If you need lower rates, check with each insurance company how many discounts you can get. Some discounts listed above may not be offered in your area. To see a list of insurance companies who offer discounts, click here.

Which policy gives me the best coverage?

When it comes to choosing coverage for your personal vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions could help you determine whether you could use an agent’s help.

  • What if I total my 1990 Mercedes-Benz 300-Class and owe more than it’s worth?
  • When would I need additional glass coverage?
  • Am I covered if I drive in a foreign country?
  • Is motorclub coverage worth it?
  • When can I cancel my policy?
  • Which is better, split liability limits or combined limits?
  • When should I not file a claim?
  • What is medical payments coverage?
  • Where can I find DUI or SR-22 insurance?
  • Should I buy only the required minimum liability coverage?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form.

Seven things that influence your insurance costs

A large part of saving on auto insurance is knowing the different types of things that play a part in calculating your auto insurance rates. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that can help you get better auto insurance rates. Many factors are part of the equation when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but some are less obvious such as whether you are married or your commute time.

Listed below are most of the major factors companies use to determine premiums.

  • Policy add-ons may be wasting money – There are a ton of optional add-on coverages that can add up but may not be useful. Coverages like personal injury protection, better glass coverage, and term life insurance may not be needed and are just wasting money. They may seem like a good idea when talking to your agent, but if they’re wasting money consider taking them off your policy.
  • Low comp and collision deductibles can be expensive – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Mercedes-Benz. Some coverage claims would be collision with another vehicle, damage caused by hail, and windstorm damage. Physical damage deductibles represent how much money you are willing to pay out-of-pocket if a covered claim is submitted. The higher the amount you have to pay, the less your auto insurance will be for 300-Class insurance.
  • Rates can drop if you have more than one policy – The majority of companies apply a discount to insureds that buy multiple policies. It’s known as a multi-policy discount. Discounts can add up to ten or even fifteen percent. Even if you already get this discount, you still need to compare rates to make sure you are getting the best deal. You may still be able to save even more than the discount by buying auto insurance from a different company.
  • Fewer miles means better prices – The higher the mileage driven in a year’s time the more you’ll pay to insure it. Almost all companies price each vehicle’s coverage based upon how the vehicle is primarily used. Vehicles that are left in the garage cost less to insure than those used for commuting. Make sure your declarations sheet is rated on the correct usage, because improper ratings can cost you money. A policy that improperly rates your 300-Class can result in significantly higher rates.
  • Improve your credit rating – Having a good credit score can be an important factor in calculating your premium rate. Therefore, if your credit rating can be improved, you could save money insuring your 1990 Mercedes-Benz 300-Class by spending a little time repairing your credit. People that have high credit ratings tend to be less risk to insure as compared to drivers with lower credit scores.
  • Advanced alarm systems – Driving a car that has an advanced theft prevention system can help lower your rates. Theft deterrent systems like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft and help lower rates.
  • Better rates on safer vehicles – Vehicles that have high safety ratings cost less to insure. The safest vehicles reduce the chance of injuries and better occupant protection means your insurance company pays less passed on to you as lower rates. If your Mercedes-Benz scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.

Car insurance advertising gotchas

Car insurance providers like Progressive, Allstate and GEICO consistently run television and radio advertisements. All the companies have a common claim that drivers will save a bundle if you get a free insurance quote and switch your coverage to them. Is it even possible that every company can charge lower premium rates? Here is the trick they use.

Insurance companies have a preferred profile for a prospective insured that will generate a profit. For instance, a driver they prefer might have to be between the ages of 30 and 50, carries full coverage, and drives less than 5,000 miles a year. Any driver who meets those qualifications gets the lowest premium rates and as a result will probably save when they switch companies.

Potential insureds who fall outside this stringent profile may be required to pay a more expensive rate which results in the customer not purchasing. The ads state “drivers that switch” not “all people who quote” will save that much if they switch. This is how companies can make claims like that. Because each company has a different risk profile, you really should compare many company’s auto insurance rates. It’s just not possible to know which car insurance company will give you the biggest savings.

Specific coverage details

Learning about specific coverages of car insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from getting keyed, damage from flooding, rock chips in glass and vandalism. The highest amount you’ll receive from a 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.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as prosthetic devices, dental work, doctor visits, X-ray expenses and hospital visits. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Liability – Liability insurance can cover damages or injuries you inflict on people or other property. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like pain and suffering, repair bills for other people’s vehicles, medical expenses and court costs. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 1990 Mercedes-Benz 300-Class.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision – This coverage pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as backing into a parked car, colliding with another moving vehicle, colliding with a tree and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

In the end, you save

Cheaper 1990 Mercedes-Benz 300-Class insurance is possible online and from local agencies, and you should compare price quotes from both to get a complete price analysis. Some insurance coverage companies don’t offer price quotes online and these smaller providers only sell coverage through local independent agents.

People switch companies for many reasons like delays in responding to claim requests, denial of a claim, high rates after DUI convictions and delays in paying claims. Regardless of your reason, finding the right insurance coverage provider is actually quite simple.

You just learned many ideas to compare 1990 Mercedes-Benz 300-Class insurance car insurance rates online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your premium rates. Consumers may even find the most savings is with the smaller companies.

Much more information about insurance coverage is located below: