Have you had enough of wondering where the money will come from to insure your Mercedes-Benz every month? You have the same problem as the majority of other drivers. Insurance companies such as State Farm, Progressive and GEICO continually hit you with ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.
It’s smart to quote other rates every six months because insurance prices fluctuate regularly. If you had the lowest price on CLS-Class coverage a year ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about insurance coverage because we’re going to show you one of the easiest ways to properly buy coverages and cut your premium.
Many different elements are taken into consideration when you get your auto insurance bill. Some are obvious like a motor vehicle report, but others are less obvious such as your marital status or how financially stable you are.
The following are some of the factors companies use to determine your rates.
The easiest way to compare insurance rates in your area is to understand all the major auto insurance companies allow for online access to give you rate quotes. All you need to do is provide a little information such as how much education you have, what you do for a living, whether your vehicle is owned or leased, and whether you are married. The data is then submitted to multiple insurance coverage providers and you will get price comparisons with very little delay.
Consumers can’t get away from all the ads for cheaper car insurance from companies such as 21st Century, Allstate and State Farm. They all seem to make the point that people will save if you switch to them.
How do they all make almost identical claims? This is the trick they use.
Companies have specific criteria for the type of driver that is profitable for them. For example, this type of driver might be a married female, has other policies, and insures a new vehicle. Any new insured who fits those characteristics gets the lowest premium rates and as a result will probably cut their rates substantially.
Consumers who don’t meet this stringent profile may receive higher premiums and this can result in the prospect going elsewhere. If you listen to the ad wording, they say “drivers that switch” but not “everyone who gets a quote” save that kind of money. This is how insurance companies can claim big savings.
This illustrates why drivers must get a wide range of price quotes. Because you never know with any certainty which company will give you lower rates than your current company.
Some companies don’t always publicize every policy discount in a way that’s easy to find, so the following is a list of a few of the more well known as well as the least known credits available to you.
One thing to note about discounts is that most credits do not apply to the entire cost. Some only reduce specific coverage prices like comp or med pay. So even though they make it sound like all the discounts add up to a free policy, that’s just not realistic.
A list of auto insurance companies and a summarized list of policyholder discounts are included below.
When quoting, ask each company to give you their best rates. Savings might not be offered on policies everywhere. To locate companies who offer auto insurance discounts, click here.
When choosing the best insurance coverage for your vehicles, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might point out whether or not you could use an agent’s help.
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.
Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are the normal coverages offered by car insurance companies.
Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as crashing into a ditch, driving through your garage door, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage – This gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your 2006 Mercedes-Benz CLS-Class.
Since many drivers 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 very important. Normally the UM/UIM limits do not exceed the liability coverage limits.
Liability insurance – This coverage provides protection from damage or injury you incur to a person or their property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for things like funeral expenses, medical expenses, repair costs for stationary objects, structural damage and pain and suffering. How much coverage you buy is up to you, but you should buy as much as you can afford.
Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as damage from flooding, hitting a deer, hitting a bird and falling objects. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for ambulance fees, funeral costs, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
When getting insurance quotes online, it’s very important that you do not buy less coverage just to save a little money. In many instances, an insured cut liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage for the lowest cost.
Throughout this article, we presented a lot of tips how to reduce 2006 Mercedes-Benz CLS-Class insurance rates online. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheap insurance. Consumers may even find the biggest savings come from a small local company. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.
For more information, feel free to browse the articles below: