Compare 1993 Mercedes-Benz 500-Class Insurance Quotes

Want cheaper auto insurance rates for your Mercedes-Benz 500-Class? Nobody that owns a car gets a kick out of paying for auto insurance, especially when they are aware that they are paying too much. Due to the fact that there are so many auto insurance companies to choose from, it can be diffult for drivers to locate the best company.

Finding the best rates is not that difficult. If you are paying for car insurance now, you will be able to reduce your rates substantially using these techniques. Drivers only need to know the tricks to buy auto insurance online.

How to lower your car insurance cost

There are a variety of methods you can shop for car insurance but there is one way that is more efficient than others. You can waste a few hours (or days) driving to local insurance agents in your area, or you could save time and use online quotes to maximize your effort.

Most car insurance companies belong to an insurance system where insurance shoppers submit one quote, and each participating company returns a competitive quote determined by their information. This eliminates the need for quotation requests to every company.

To compare pricing click here to start a free quote.

The one disadvantage to comparing rates this way is that consumers can’t choose the providers you want to price. So if you prefer to pick from a list of companies to receive pricing from, we put together a list of companies who write car insurance in your area. Click here for list of insurance companies.

Take whichever approach you prefer, but try to use the exact same coverage limits and deductibles on every quote. If you are comparing higher or lower deductibles it will be very difficult to determine which company has the best rates.

Find Mercedes-Benz 500-Class insurance more affordably

Smart consumers have a good feel for the different types of things that go into determining insurance coverage rates. If you understand what influences your rates, this enables you to make decisions that will entitle you to lower premium levels. Lots of factors are part of the equation when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but others are not quite as obvious such as whether you are married or how financially stable you are.

  • Better rates with anti-theft devices – Buying a car with an alarm system can earn a premium discount. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder vehicle theft.
  • Rates can drop if you have more than one policy – Lots of insurers will award lower prices to clients that have more than one policy such as combining an auto and homeowners policy. This can amount to ten percent or more. Even if you’re getting this discount drivers will still want to get quotes from other companies to guarantee you are still saving the most.
  • Responsible drivers pay better premiums – Even a single chargable violation can increase rates substantially. Drivers who don’t get tickets receive lower rates than bad drivers. People who have multiple tickets such as reckless driving or DUI might be required by their state to prove financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • Do you have enough liability protection? – The liability coverage on your policy will provide protection if you are found liable for physical damage or personal injury to other. Your liability coverage provides for a legal defense which can cost a lot. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.

Insurance discounts are available to reduce your rates

Insurance is not an enjoyable expense, but companies offer discounts that could drop your premiums quite a bit. A few discounts will be applied at the time of purchase, but less common discounts must be manually applied before being credited.

  • No Accidents – Insureds with no claims or accidents pay less in comparison with policyholders that have many claims.
  • Defensive Driver Discounts – Taking time to complete a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
  • Buy New and Save – Insuring a new car can be considerably cheaper because newer models are generally safer.
  • ABS Braking Discount – Vehicles equipped with ABS or steering control can stop better under adverse conditions and qualify for as much as a 10% discount.
  • Distant College Student Discount – College-age children who live away from home to go to college and do not take a car to college may be insured at a cheaper rate.
  • Theft Deterent Discount – Cars optioned with advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Professional Organizations – Belonging to a professional or civic organization could earn you a nice discount on your bill.
  • Homeowners Discount – Owning a home can earn you a little savings because maintaining a house is proof of financial responsibility.

You can save money using discounts, but most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

Some of the insurance companies that may offer quotes with some of the above discounts include:

If you need lower rates, check with each insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be offered in every state. To see insurance companies that offer some of these discounts, click this link.

Everyone needs different insurance coverage coverages

When it comes to buying proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might help in determining whether you might need professional guidance.

  • Does my personal policy cover me when driving out-of-state?
  • How much liability insurance is required?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered if I drive in a foreign country?
  • How much can I save by bundling my policies?
  • Will my insurance pay for OEM parts?
  • Does liability extend to a camper or trailer?
  • Is upholstery damage covered by car insurance?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Specific coverage details

Knowing the specifics of a insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as fire damage, damage from a tornado or hurricane and falling objects. The maximum 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.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills like chiropractic care, surgery and hospital visits. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Auto collision coverage

Collision insurance covers damage to your 500-Class resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as sustaining damage from a pot hole, backing into a parked car, scraping a guard rail, crashing into a building and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

This provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Liability auto insurance

This will cover damage that occurs to a person or their property. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as medical expenses, loss of income, repair bills for other people’s vehicles and structural damage. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Be a penny pincher

Throughout this article, we presented a lot of information how to compare 1993 Mercedes-Benz 500-Class insurance auto insurance rates online. The key thing to remember is the more providers you compare, the higher your chance of finding inexpensive auto insurance. Consumers could even find that the best auto insurance rates are with the least-expected company. These companies can often provide lower premium rates in certain areas than their larger competitors like GEICO and State Farm.

More affordable car insurance can be purchased on the web in addition to many insurance agents, so you need to quote auto insurance with both to have the best chance of lowering rates. A few companies do not provide the ability to get a quote online and many times these smaller companies provide coverage only through independent agencies.

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