Compare 1992 Mercedes-Benz 500-Class Car Insurance Quotes

Searching for cheaper car insurance rates for your Mercedes-Benz 500-Class? Nobody I know likes buying car insurance, especially knowing the prices are way too high.

Online insurance companies like State Farm, Progressive and GEICO continually bombard you with advertising and it is challenging if not impossible to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you currently have car insurance, you will be able to cut costs considerably using this information. Buying car insurance is not rocket science. Nevertheless, car owners must learn the way insurance companies price insurance differently and apply this information to your search.

Free auto insurance quotes

There are multiple methods to compare auto insurance quotes, but there is one way that is less labor-intensive and much quicker. You could spend your day driving to insurance companies in your area, or you can stay home and use online quotes to quickly compare rates.

Most of the larger companies are enrolled in a marketplace where insurance shoppers complete one form, and each participating company can provide price quotes based on that data. This system prevents you from having to do repetitive form submissions for each company.

To compare rates now click here to start a free quote.

The only downside to comparing rates this way is that you can’t choose the providers to get quotes from. If you would rather choose individual companies for rate comparison, we put together a list of auto insurance companies in your area. Click to view list.

You can use whichever method you prefer to find lower rates, just do your best to use the same quote information with each company. If you enter higher or lower deductibles you will not be able to determine which company has the best rates. Slightly different insurance coverages or limits could throw off the whole comparison. Just remember that quoting more provides better odds of finding the best offered rates.

Car insurance discounts help cut rates

Car insurance can cost a lot, but you might already qualify for some discounts that can help lower your rates. Some trigger automatically when you purchase, but once in a while a discount must be asked for before being credited. If you aren’t receiving every discount available, you are not getting the best rate possible.

  • Policy Bundle Discount – If you have multiple policies and place coverage with the same company you may earn nearly 15% which can help you find cheap insurance.
  • Full Payment Discount – If you pay your bill all at once as opposed to paying monthly you can actually save on your bill.
  • Student in College – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. You can use this discount normally up until you turn 25.
  • Military Discounts – Being on active duty in the military may qualify for rate reductions.
  • Accident Free – Drivers with accident-free driving histories can save substantially compared to policyholders that have many claims.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts could save 15% off PIP or medical payments premium.
  • ABS Braking Discount – Cars and trucks that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Telematics Data – Insureds that choose to allow their insurance company to track when and where they use their vehicle by installing a telematics device such as State Farm’s In-Drive may get a rate reduction if they show good driving skills.

One last thing about discounts, some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

Companies that may include these discounts may include but are not limited to:

If you want low cost insurance quotes, ask each insurance company how you can save money. Discounts might not be offered everywhere. To see insurers who offer cheap car insurance quotes, click here to view.

Which is the best auto insurance?

When it comes to choosing coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help you determine if your insurance needs might need professional guidance.

  • What is UM/UIM insurance?
  • Should I waive the damage coverage when renting a car?
  • Is my teen driver covered when they drive my company car?
  • Are my tools covered if they get stolen from my vehicle?
  • When should I remove comp and collision on my 1992 Mercedes-Benz 500-Class?
  • If my pet gets injured in an accident are they covered?
  • Do I need added coverage for expensive stereo equipment?
  • Can I afford low physical damage deductibles?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

How car insurance companies determine Mercedes-Benz 500-Class insurance costs

Lots of things are considered when you quote your car insurance policy. A few of the factors are predictable like an MVR report, although others are less obvious such as your credit history or your vehicle rating.Consumers need to have an understanding of the factors that go into determining the price you pay for car insurance. When you understand what determines base rates, this enables you to make decisions that may result in lower premium levels.

  • Higher coverage deductibles are cheaper – The deductibles represent how much money the insured will be required to pay if the claim is covered. Coverage for physical damage, also called comprehensive and collision insurance, protects your car from damage. Examples of some claims that would be covered are a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The more money you are required to pay out-of-pocket, the lower your rates will be for 500-Class insurance.
  • lapses raise premiums – Allowing your coverage to lapse is a quick way to bump up your car insurance costs. And not only will your rates increase, getting caught without coverage might get you a steep fine or even jail time. You could then be forced to file a SR-22 with your state department of motor vehicles.
  • Bundling policies can get discounts – Most major car insurance companies will award a discount to clients who have multiple policies with them in the form of a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount applied, it’s in your best interest to shop around to help ensure you have the lowest rates.There is a good possibility that you can find lower rates by buying insurance from more than one company.
  • Save by driving less – The more miles you rack up on your Mercedes-Benz every year the higher your rates will be. Most insurance companies apply a rate based on how the vehicle is used. Vehicles that have low annual miles cost less to insure than vehicles that have high annual mileage. Improper usage on your 500-Class may be costing you higher rates. It’s always a good idea to double check that your declarations sheet shows the correct usage, because improper ratings can cost you money.
  • Urban areas may pay more – Residing in small towns and rural areas may provide you with better prices when shopping for auto insurance. Drivers in populated areas have congested traffic and more severe claims. Less people living in that area means reduced accidents in addition to fewer liability claims.
  • Keep insurance claims to a minimum – If you are a frequent claim filer, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance companies give cheaper rates to policyholders who file claims infrequently. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.
  • Does insurance cost more for guys? – The statistics show that women are safer drivers than men. This data doesn’t prove that women are BETTER drivers than men. Both sexes are responsible for fender benders in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also receive more major tickets like reckless driving and DUI. Young men ages 16 to 20 are most likely to cause an accident and therefore are the most expensive to insure.
  • Youthful driver insurance costs – Mature drivers are viewed as being more responsible, tend to cause fewer accidents , and usually have better credit.Teenage drivers are statistically proven to be inattentive behind the wheel therefore car insurance rates are much higher.

Specific coverages for a Mercedes-Benz 500-Class

Having a good grasp of your policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. These are the usual coverages offered by car insurance companies.

Collision insurance

This coverage will pay to fix damage to your 500-Class caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like sustaining damage from a pot hole, damaging your car on a curb, hitting a mailbox and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your 1992 Mercedes-Benz 500-Class.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like hospital visits, EMT expenses and doctor visits. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from flooding, hitting a deer, damage from getting keyed and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages

Liability coverage will cover damage or injury you incur to other’s property or people that is your fault. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like pain and suffering, repair bills for other people’s vehicles, medical services and attorney fees. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Power to the consumer

As you restructure your insurance plan, do not reduce coverage to reduce premium. Too many times, an insured dropped collision coverage to discover at claim time they didn’t have enough coverage. Your objective should be to buy enough coverage at the lowest possible cost, but don’t skip important coverages to save money.

Cheap 1992 Mercedes-Benz 500-Class insurance can be purchased on the web and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies don’t offer online quoting and usually these regional insurance providers work with independent insurance agents.

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