2003 Mercedes-Benz M-Class Car Insurance Rates

If you are a novice to online auto insurance shopping, it’s easy to be baffled by the crazy number of auto insurance companies competing for business.

It’s a good habit to compare premium rates once or twice a year because prices fluctuate regularly. Even if you got the lowest rates for M-Class coverage on your last policy you may be paying too much now. You can find a lot of information about auto insurance out there, but by reading this article, you’re going to learn some of the best ways to stop overpaying for insurance.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. The purpose of this article is to introduce you to the best way to quote coverages. But car owners must understand how insurance companies price online insurance and apply this information to your search.

How to find the cheapest insurance

To get affordable car insurance quotes, there a variety of ways to compare quotes from different insurance companies. The easiest way by far to find cheaper Mercedes-Benz M-Class rates is to use the internet to compare rates. It is quite easy and can be accomplished by using one of the methods below.

  1. Probably the best way to get quotes for comparison would be an industry-wide quote request form click here to open form in new window. This easy form eliminates the need for repetitive form submissions for every prospective company. Filling out one form gets prices estimates from several companies.It’s the quickest way to get rates.
  2. A slightly less efficient method to get comparison quotes requires a visit to each company website and repeat the quote process. For example, let’s say you want comparison quotes from USAA, State Farm and GEICO. You would need to spend time going to each site individually and repeatedly type in your coverage information, which is why the first method is quicker. For a list of companies in your area, click here.
  3. The old school method of comparing rate quotes is to spend your day driving to insurance agents’ offices. The internet has made agencies unnecessary unless you require the professional advice that only a licensed agent can provide. However, consumers can comparison shop online but still have the advice of a local agent.

It doesn’t matter which method you choose, just make sure you use nearly identical quote information for each price quote. If you have different coverage information it’s not possible to determine the best price for your Mercedes-Benz M-Class. Just slight variations in coverage limits could skew the results. Keep in mind that comparing more company’s prices provides better odds of finding a lower rate. Some smaller insurers to not give online price quotes, so you should also compare rates from them, too.

Find hidden discounts on auto insurance

Auto insurance is not inexpensive, but you might already qualify for some discounts to cut the cost considerably. Some discounts apply automatically at the time of quoting, but a few must be specifically requested prior to getting the savings. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Own a Home – Just being a homeowner can get you a discount because of the fact that having a home requires a higher level of personal finance.
  • Student Discount for Driver Training – Have your child successfully complete driver’s ed class as it can save substantially.
  • E-sign Discounts – A handful of auto insurance companies will discount your bill up to fifty bucks for signing up online.
  • Active Military Service – Being deployed in the military may qualify for rate reductions.
  • College Student Discount – Kids who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle could qualify for this discount.
  • Pay Early and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
  • Accident-Free Discounts – Claim-free drivers pay much less when compared to drivers with a long claim history.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears adding up those discounts means a free policy, that’s just not realistic.

The best auto insurance companies and a selection of discounts can be found below.

  • 21st Century may have discounts that include driver training, student driver, teen driver, early bird, and homeowners.
  • Progressive may offer discounts for continuous coverage, multi-vehicle, good student, homeowner, online quote discount, multi-policy, and online signing.
  • State Farm includes discounts for accident-free, good student, safe vehicle, defensive driving training, good driver, and student away at school.
  • Nationwide has discounts for Farm Bureau membership, accident-free, defensive driving, anti-theft, multi-policy, business or organization, and easy pay.
  • Esurance discounts include anti-theft, multi-car, Pac-12 alumni, claim free, homeowner, and anti-lock brakes.
  • The Hartford policyholders can earn discounts including driver training, bundle, anti-theft, air bag, defensive driver, and vehicle fuel type.

Double check with every insurance company which credits you are entitled to. Some of the discounts discussed earlier may not apply to policyholders in your area. To choose companies that offer the discounts shown above, click here to view.

Tailor your car insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions may help you determine whether your personal situation might need an agent’s assistance.

  • Is extra glass coverage worth it?
  • Am I covered if I drive in a foreign country?
  • What is high-risk coverage and where do I buy it?
  • How high should deductibles be on a 2003 Mercedes-Benz M-Class?
  • Is my teen driver covered when they drive my company car?
  • What is PIP insurance?
  • Is my babysitter covered when using my vehicle?
  • Is my teenager covered with friends in the car?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Informed drivers save more

Multiple criteria are part of the calculation when you get a price on insurance. A few of the factors are predictable such as your driving record, although others are not quite as obvious such as your marital status and annual miles driven.

The items below are a partial list of the pieces used by insurance companies to determine your prices.

  • Liability risk factors in – The liability section of your policy will afford coverage when you are found to be at fault for damages caused by your negligence. It provides legal defense coverage to defend your case. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Is you occupation costing you more? – Did you know your job can affect your rates? Occupations such as doctors, business owners and accountants tend to have the highest average rates because of intense work requirements and extremely grueling work hours. Conversely, jobs such as scientists, athletes and the unemployed generally pay rates lower than average for M-Class coverage.
  • Premiums are affected by your address – Having an address in less populated areas has definite advantages when buying auto insurance. People who live in big cities have much more traffic and a longer drive to work. Lower population translates into fewer accident claims in addition to fewer liability claims.
  • Incidental coverages you don’t use – Insurance companies have many optional add-on coverages that you can buy if you aren’t careful. Coverage for things like vanishing deductibles, towing coverage, and additional equipment coverage could be just wasting money. They may sound like good ideas when discussing your needs, but if you have no use for them consider taking them off your policy.
  • Never let your coverage expire – Not having insurance is illegal and auto insurance companies will penalize you for letting your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance will get you a license revocation or jail time. You may have to file a SR-22 with your state DMV.
  • Are you male or female? – Statistics demonstrate that females tend to be a little less risky than males. However, this does not mean women are BETTER drivers than men. Both sexes get in fender benders in similar percentages, but the male of the species cause more damage. Men also statistically have more aggressive citations like reckless driving and DUI.
  • Youthful drivers cost more – Young drivers have a tendency to be careless and easily distracted in a vehicle so auto insurance rates are higher. If you’ve ever had to add a young driver onto a policy can increase premiums substantially. Older, more experienced drivers are more cautious drivers, are lower risk to insure , and usually have better credit.
  • Vehicles with better crash test results cost less to insure – Vehicles with good safety scores tend to have better insurance rates. Highly rated vehicles protect occupants better and any reduction in injury severity means your insurance company pays less which can mean better rates for you.

Specifics of your car insurance policy

Learning about specific coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Uninsured and underinsured coverage – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Mercedes-Benz M-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these limits are identical to your policy’s liability coverage.

Liability – This coverage will cover damage that occurs to other’s property or people. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as loss of income, structural damage, medical expenses, medical services and court costs. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Collision coverages – Collision coverage will pay to fix damage to your M-Class resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, colliding with another moving vehicle, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive coverages – Comprehensive insurance covers 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 theft, hitting a deer and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments – Med pay and PIP coverage kick in for short-term medical expenses such as surgery, hospital visits, chiropractic care, nursing services and funeral costs. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

The bottom line

More affordable car insurance is attainable from both online companies in addition to local insurance agencies, so you should compare both to get a complete price analysis. Some insurance providers do not offer rate quotes online and usually these small, regional companies sell through independent agencies.

When getting car insurance quotes online, it’s very important that you do not buy poor coverage just to save money. In many cases, drivers have reduced comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

Insureds switch companies for a number of reasons such as high prices, extreme rates for teen drivers, policy non-renewal or an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new company can be less work than you think.

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