2003 Mercedes-Benz CL-Class Insurance Cost – 9 Tips for Best Prices

I can’t think of a single person who fancies paying their premiums for insurance, in particular when the price is too high. Big companies like State Farm, Allstate, GEICO and Progressive persitently shower you with catchy ads and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.

If you have a policy now or are looking for a new policy, you can use these tips to find the best rates and possibly find even better coverage. Finding the best rates is quite easy. Drivers just need to learn the proper way to shop their coverage around online.

The quickest method to compare insurance rates in your area is to know car insurance companies allow for online access to quote your coverage. The only thing you need to do is give the companies some data including if you went to college, if you are currently licensed, if a SR-22 is needed, and what your job is. The data is then sent to multiple different insurance companies and they return quotes almost instantly.

Verify you’re applying every discount

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that can dramatically reduce your bill. Many of these discounts will be applied automatically when you get a quote, but lesser-known reductions have to be manually applied in order for you to get them.

  • Telematics Data – Drivers who agree to allow driving data submission to scrutinize when and where they use their vehicle by using a telematics device such as Progressive’s Snapshot could possibly reduce rates if their driving habits are good.
  • Theft Deterent Discount – Cars, trucks, and SUVs with anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Discount for Low Mileage – Fewer annual miles on your Mercedes-Benz can earn lower insurancerates on the low mileage vehicles.
  • Responsible Drivers – Accident-free drivers can save up to 40% or more on their insurance coverage quote on CL-Class insurance than their less cautious counterparts.
  • Resident Student – who live away from home at college and leave their car at home could get you a discount.
  • Defensive Driver – Taking time to complete a course that instructs on driving safety could possibly earn you a 5% discount depending on where you live.
  • No Charge for an Accident – This isn’t a discount exactly, but some insurance companies will let one accident slide without getting socked with a rate hike if you have no claims prior to being involved in the accident.
  • Mature Driver Discount – Older drivers can get a small decrease in premiums on CL-Class insurance.

Consumers should know that some credits don’t apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. So even though you would think all the discounts add up to a free policy, insurance companies aren’t that generous.

A few of the larger companies and their offered discounts are detailed below.

  • State Farm offers discounts including multiple autos, driver’s education, safe vehicle, passive restraint, good driver, and defensive driving training.
  • GEICO has savings for defensive driver, daytime running lights, multi-vehicle, driver training, and emergency military deployment.
  • Liberty Mutual offers discounts for new graduate, exclusive group savings, newly retired, good student, hybrid vehicle, and multi-policy.
  • The Hartford policyholders can earn discounts including vehicle fuel type, anti-theft, bundle, driver training, and good student.
  • MetLife has discounts for good driver, multi-policy, claim-free, good student, accident-free, defensive driver
  • Progressive discounts include online signing, homeowner, multi-policy, online quote discount, and good student.

Double check with every insurance company how you can save money. A few discounts might not be offered on policies in your area. If you would like to view companies who offer free insurance quotes, click this link.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out if you may require specific advice.

  • What happens if I owe more than my 2003 Mercedes-Benz CL-Class is worth?
  • How can I find cheaper teen driver insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered when delivering products for my home-based business?
  • Should I buy full coverage?
  • Am I covered when using my vehicle for business?
  • Is my dog or cat covered if injured in an accident?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Drivers who switch save $461 a year? Really?

Consumers can’t ignore all the ads that promise big savings from companies such as State Farm, GEICO and Progressive. They all seem to make the point that people will save if you get a free insurance coverage quote and switch your coverage.

It sounds good, but how can they all claim to save you money? Just pay attention to how they say it.

Companies give the best rates for the driver that will not have excessive claims. For example, a driver they prefer should be married and over the age of 30, carries full coverage, and has excellent credit. Any driver that fits those parameters receives the best car insurance rates and is almost guaranteed to save when they switch companies.

Consumers who cannot meet this stringent profile will probably have to pay a more expensive rate and the driver buying from a lower-cost company. The trick companies use is to say “people that switch” not “everybody who quotes” save money. That’s why insurance companies can confidently claim big savings. Because every company is different, drivers must do a quote comparison often. It is impossible to predict which insurance companies will fit you best based on your risk profile.

Insurance coverage specifics

Learning about specific coverages of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on the average insurance policy.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz CL-Class.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision coverage protection

This coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, colliding with a tree and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, hitting a deer, rock chips in glass, damage from flooding and fire damage. The maximum payout 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.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like chiropractic care, doctor visits, rehabilitation expenses, surgery and funeral costs. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability insurance

This coverage will cover damages or injuries you inflict on people or other property by causing an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers things such as court costs, medical services, pain and suffering and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Spend less. Save more.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut collision coverage only to regret that their decision to reduce coverage ended up costing them more. The aim is to buy a smart amount of coverage at an affordable rate.

You just learned a lot of ways to compare 2003 Mercedes-Benz CL-Class insurance car insurance rates online. It’s most important to understand that the more providers you compare, the higher your chance of finding cheap insurance coverage. Consumers could even find that the lowest priced insurance comes from a lesser-known regional company. They may have significantly lower premium rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

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