2007 Mercedes-Benz GL-Class Car Insurance Rates – 10 Ways to Save

Did you make the mistake of buying high-priced insurance coverage? Believe me, you are not the only one feeling buyer’s remorse. Lots of car insurance companies contend for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the cheapest price

It is always a good idea to compare premium rates once or twice a year because insurance coverage prices change frequently. Even if you got the lowest rates for GL-Class insurance last year there may be better deals available now. You can find a lot of wrong information about insurance coverage online but in just a couple of minutes you can learn some great ways to find affordable insurance coverage.

Earn discounts to get lower-cost insurance coverage quotes

The cost of insuring your cars can be expensive, but you may qualify for discounts that could drop your premiums quite a bit. Some discounts will apply at the time you complete a quote, but a few need to be manually applied before they will apply. If you do not double check each discount you qualify for, you are just wasting money.

  • Accident Waiver – Not necessarily a discount, but a handful of insurance companies will allow you to have one accident without getting socked with a rate hike if you are claim-free for a specific time period.
  • Discounts for Safe Drivers – Accident-free drivers may save up to 50% more for GL-Class insurance as compared to drivers with claims.
  • Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower rate if you buy life insurance.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may be able to get a small decrease in premiums for GL-Class insurance.
  • Student Discounts – Excelling in school may save you up to 25%. The good student discount can last up to age 25.
  • Homeowners Discount – Owning your own home or condo can help you save on insurance coverage because maintaining a house means you have a higher level of financial diligence.
  • No Accidents – Good drivers with no accidents pay less compared to frequent claim filers.
  • Payment Method – By paying your policy upfront rather than paying monthly you can avoid monthly service charges.
  • Policy Bundle Discount – When you have multiple policies with the same company you may save 10% to 20% off each policy.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.

Discounts lower rates, but some of the credits will not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To locate insurance companies who offer insurance coverage discounts, click here.

Tailor your insurance coverage coverage to you

When buying the right insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if you could use an agent’s help.

  • Is pleasure use cheaper than using my 2007 Mercedes-Benz GL-Class to commute?
  • Should I have combined single limit or split liability limits?
  • Can I rent a car in Mexico?
  • Am I covered when pulling a rental trailer?
  • How high should deductibles be on a 2007 Mercedes-Benz GL-Class?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered when using my vehicle for business?
  • How much liability coverage do I need in my state?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance 101

Understanding the coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average insurance policy.

Comprehensive coverages – This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a bird, theft, vandalism, damage from flooding and fire damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverages – This coverage can cover damages or injuries you inflict on a person or their property. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, 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 without having the split limit caps.

Liability can pay for things like medical expenses, funeral expenses, legal defense fees, repair costs for stationary objects and structural damage. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Collision coverage – This will pay to fix damage to your GL-Class resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree, scraping a guard rail, hitting a parking meter and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Mercedes-Benz GL-Class.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for prosthetic devices, rehabilitation expenses, dental work, nursing services and chiropractic care. They are utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Feed the piggy bank

We covered some good ideas how you can save on 2007 Mercedes-Benz GL-Class insurance. The most important thing to understand is the more you quote insurance coverage, the better your comparison will be. You may even discover the best price on insurance is with some of the lesser-known companies. Regional companies can often provide lower prices in certain areas compared to the large companies like Allstate and Progressive.

As you go through the steps to switch your coverage, make sure you don’t buy less coverage just to save a little money. In many cases, drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

More detailed insurance information can be found in these articles: