2005 Mercedes-Benz M-Class Car Insurance Rates

Think you have overpriced auto insurance? You’re preaching to the choir because you’re not alone.

Big-name insurance companies like State Farm, GEICO and Farmers Insurance all claim big savings with catchy ads and consumers find it hard to ignore the flashy ads and effectively compare rates to find the best deal.

If you currently have a car insurance policy, you should be able to save some money using this strategy. Finding affordable coverage is quite easy. Although car owners need to learn the methods companies use to determine prices.

How to buy insurance coverage online

When comparison shopping, there are several ways to compare quotes from lots of insurance coverage companies. The fastest way to compare 2005 Mercedes-Benz M-Class insurance prices is to use the internet to compare rates. This can be done in several different ways.

  • The most efficient method consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form eliminates the need for boring form submissions for each company you want a rate for. Filling out one form gets you price quotes from many national carriers.
  • A slightly less efficient method to analyze rates requires visiting each company website and request a quote. For examples sake, we’ll pretend you need rates from Auto-Owners, Esurance and Progressive. You would need to visit each site and enter your policy data, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but be sure you’re using identical coverage limits and deductibles for each price quote. If the quotes have different data it will be next to impossible to decipher which rate is best. Just slight variations in coverage limits can make a big difference in price. And when quoting insurance coverage, remember that comparing a large number of companies helps increase your odds of locating a lower rate. Not every company does online quotes, so it’s necessary to compare quotes from those companies as well.

The Mercedes-Benz M-Class insurance premium equation

Lots of things are taken into consideration when you get a price on insurance. A few of the factors are predictable like a motor vehicle report, but others are not as apparent like your continuous coverage or how financially stable you are.

  • Do you have a high stress employer? – Occupations like real estate brokers, architects and dentists tend to have higher rates than average because of intense work situations and long work hours. On the flip side, professions such as scientists, students and the unemployed pay lower than average rates for M-Class insurance.
  • Limits of liability coverage – The liability coverage on your policy is the protection when you are responsible for damages from an accident. Liability provides legal defense starting from day one. Liability is cheap compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Having a spouse pays dividends – Having a wife or husband can actually save you money when shopping for insurance coverage. Marriage translates into being more mature and responsible and it’s proven that married drivers tend to file fewer claims.
  • Where you live factors in – Living in a rural area may provide you with better prices when buying insurance coverage. Drivers in populated areas tend to have much more traffic and more time behind the wheel. Lower population means fewer accidents in addition to lower liability claims
  • Policy add-ons may not be needed – Policies have additional extra coverages that sound like a good idea at the time but may not be useful. Insurance for coverage for rental cars, death and dismemberment, and term life insurance could be just wasting money. These coverages may sound good at first, but your money might be better spent on other coverage so remove them from your policy.

Car Insurance Discounts

Not too many consumers would say car insurance is affordable, but companies offer discounts that can dramatically reduce your bill. A few discounts will be applied when you complete an application, but once in a while a discount must be inquired about before you get the savings.

  • Multi-Vehicle Discounts – Purchasing coverage when you have multiple cars on a single policy can get a discount for every vehicle.
  • New Vehicle Savings – Buying a new car model may earn a small discount since newer models have better safety ratings.
  • Professional Memberships – Joining specific professional or occupational memberships or organizations could trigger savings on car insurance.
  • Pay Now and Pay Less – By making one initial payment rather than paying monthly you could save up to 5%.
  • Paperless Signup – A few larger companies provide a small discount for completing your application on their website.

Discounts save money, but please remember that many deductions do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like it’s possible to get free car insurance, you won’t be that lucky. Any qualifying discounts should help lower your overall premium however.

Popular car insurance companies and a summarized list of policyholder discounts include:

  • GEICO may have discounts that include five-year accident-free, driver training, air bags, military active duty, daytime running lights, and membership and employees.
  • USAA may include discounts for multi-policy, vehicle storage, driver training, family discount, and defensive driver.
  • Progressive includes discounts for online quote discount, multi-policy, online signing, homeowner, good student, and continuous coverage.
  • American Family policyholders can earn discounts including good driver, multi-vehicle, mySafetyValet, accident-free, and good student.
  • Esurance offers discounts including anti-lock brakes, good driver, safety device, Pac-12 alumni, and good student.
  • Farmers Insurance has savings for teen driver, homeowner, distant student, alternative fuel, electronic funds transfer, and switch companies.
  • State Farm may offer discounts for multiple policy, student away at school, Steer Clear safe driver discount, good student, and defensive driving training.

When getting free insurance quotes, it’s a good idea to each company or agent which credits you are entitled to. Some discounts listed above may not be available in your area. If you would like to see a list of providers that have a full spectrum of discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage for your vehicles, there is no cookie cutter policy. Every situation is different so your insurance should reflect that These are some specific questions might help in determining whether your personal situation might need professional guidance.

  • Can I afford to buy a different vehicle if my 2005 Mercedes-Benz M-Class is totaled?
  • Should I waive the damage coverage when renting a car?
  • Will my insurance pay for OEM parts?
  • Do I benefit by insuring my home with the same company?
  • Can I make deliveries for my home business?
  • Exactly who is provided coverage by my policy?
  • Should I carry comprehensive and collision coverage?
  • What is covered by UM/UIM coverage?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Car insurance coverage information

Learning about specific coverages of a auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages available from auto insurance companies.

Liability

This can cover injuries or damage you cause to people or other property. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as loss of income, pain and suffering, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Collision insurance

Collision insurance covers damage to your M-Class resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like scraping a guard rail, crashing into a ditch, rolling your car, sideswiping another vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like EMT expenses, dental work and hospital visits. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This 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 as well as damage to your Mercedes-Benz M-Class.

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

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a deer, rock chips in glass and hail damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Shop Smart and Save

Cheaper 2005 Mercedes-Benz M-Class insurance is possible both online and from local agencies, so you should compare both to have the best selection. A few companies do not offer the ability to get a quote online and many times these smaller companies prefer to sell through local independent agents.

In this article, we covered a lot of techniques to save on 2005 Mercedes-Benz M-Class insurance. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding the cheapest insurance. You may even find the best price on insurance is with a small mutual company. These smaller insurers often have lower car insurance rates on specific markets as compared to the big name companies such as Allstate or State Farm.

More detailed insurance information can be found in the articles below: