Save on 2014 Mercedes-Benz M-Class Car Insurance Rates

Scraping up a payment for pricey Mercedes-Benz M-Class insurance can stress out your accounts and force you to prioritize other expenses.

Due to the abundance of online and local companies to choose from, it is hard for the average consumer to locate the cheapest insurer.

It’s a good habit to compare premium rates every six months because insurance coverage prices are variable and change quite frequently. Despite the fact that you may have had the lowest quotes on M-Class insurance a few years ago a different company probably has better rates today. Forget all the misinformation about insurance coverage because I’m going to let you in on the secrets to the easiest way to find the best coverage while lowering your premiums.

Verify you’re getting every discount

Auto insurance companies do not list every available discount very clearly, so below is a list both the well known and the harder-to-find credits that may apply to you. If you do not double check each discount available, you could be getting lower rates.

  • Use Seat Belts – Drivers who require all occupants to use a seat belt may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • No Charge for an Accident – This one is not really a discount per se, but a handful of insurance companies may permit one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • Auto/Home Discount – If you can bundle your auto and homeowners insurance and insure them both with the same insurance company you may save approximately 10% to 15%.
  • Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz can qualify you for lower prices on the low mileage vehicles.
  • Good Student – Excelling in school can get you a discount of up to 25%. The discount lasts up until you turn 25.

A little note about advertised discounts, many deductions do not apply to the entire policy premium. Most only cut individual premiums such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, that’s just not realistic. But all discounts will positively reduce the amount you pay for coverage.

For a list of companies with discount insurance rates, follow this link.

Which insurance is cheapest?

When comparison shopping, there are several ways to compare prices from companies that offer insurance in your state. The easiest way to compare rates involves getting comparison quotes online. This can be done using a couple different methods.

  • Experts agree that the best way to find low rates is a comparison rater form click here to open form in new window. This form keeps you from doing boring form submissions for each company. One quote request gets you price quotes from multiple low-cost companies.
  • A more difficult way to analyze rates requires you to visit each company website and repeat the quote process. For instance, let’s assume you want to view quotes from Progressive, Liberty Mutual and GEICO. To get each rate you have to spend time on each company’s site to enter your coverage information, which can get old fast. For a handy list of car insurance company links in your area, click here.

However you get your quotes, be sure to compare apples-to-apples coverages with every price quote. If you compare mixed coverages you will not be able to determine which rate is truly the best. Just a small difference in insurance coverages may result in large price differences. Keep in mind that more quotes increases your odds of finding a lower rate. Some regional insurers cannot provide online rate quotes, so you also need to get price quotes from them as well.

How do insurers determine Mercedes-Benz M-Class insurance costs?

Part of the insurance buying process is learning some of the things that come into play when calculating the rates you pay for insurance. When you know what positively or negatively determines premiums, this helps enable you to make changes that may result in much lower annual insurance costs. Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious like your driving record, but other factors are less apparent like where you live and annual miles driven.

The items below are some of the factors that factor into premiums.

  • Fewer miles means better prices – The more you drive your Mercedes-Benz annually the more you’ll pay to insure it. Many insurance companies calculate rates based on how the vehicle is used. Cars that have low annual miles receive better premium rates compared to those used for work or business. Having an incorrect usage rating on your M-Class can result in significantly higher rates. Double check that your insurance policy shows the proper vehicle usage, because improper ratings can cost you money.
  • An active insurance claims history can cost you – If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance companies generally give most affordable rates to people who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Your address can modify rates – Choosing to live in less populated areas of the country is a positive aspect when buying insurance. Lower population means fewer accidents in addition to fewer liability claims. Residents of big cities have more road rage incidents and a longer drive to work. More time commuting translates into higher accident risk.
  • Save money with responsible credit – A driver’s credit score can be an important factor in determining what you pay for insurance. Insureds with very good credit scores tend to be better drivers and file fewer claims than those with poor credit scores. If your credit history leaves room for improvement, you may save money insuring your 2014 Mercedes-Benz M-Class by taking the time to improve your credit score.
  • Lower rates by increasing deductibles – The deductibles represent how much money you are willing to pay in the event of a claim. Insurance for physical damage, also called ‘full coverage’, insures against damage to your car. Examples of some claims that would be covered could be a windshield broken by a bird, fire damage, and damage from wind. The more of the claim the insured has to pay upfront, the less your insurance will be on M-Class insurance.

When should I discuss my situation with an agent?

When it comes to choosing the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.

  • What is the ISO rating for a 2014 Mercedes-Benz M-Class?
  • Does my insurance cover my expensive audio equipment?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do all my vehicles need collision coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered if my car is in a flood?

If you’re not sure about those questions then you might want to talk 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.

Auto insurance in the media

Respected companies like State Farm and Allstate regularly use ads on television and other media. They all have a common claim about how much you will save after switching your policy. How is it plausible that every one can charge less that you’re paying now? You have to listen carefully.

Companies have specific criteria for the type of customer they prefer to insure. An example of this type of driver could possibly be a female over age 40, has never had a claim, and the vehicle is rated for pleasure use. Anybody who matches that profile will most likely get cheap prices and will most likely save if they switch.

Insureds who fall outside the requirements will probably have to pay higher premiums and the customer not buying. The ad wording is “people that switch” not “everyone who quotes” will save that much if they switch. That’s why companies can state the savings.

Because of these techniques, drivers should do a quote comparison often. Because you never know the company that will fit your personal profile best.

Car insurance coverage breakdown

Having a good grasp of car insurance helps when choosing the best coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages offered by car insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hail damage, rock chips in glass and vandalism. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability

Liability insurance protects you from damage that occurs to other’s property or people in an accident. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims like repair costs for stationary objects, structural damage and emergency aid. How much coverage you buy is your choice, but consider buying higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz M-Class.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for EMT expenses, funeral costs, X-ray expenses, prosthetic devices and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for collisions

Collision coverage pays for damage to your M-Class from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, scraping a guard rail, colliding with another moving vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

A tidy conclusion

We covered many ideas to save on 2014 Mercedes-Benz M-Class insurance. It’s most important to understand that the more times you quote, the better your comparison will be. Consumers may even find the best prices are with a small mutual company. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or GEICO.

Lower-priced auto insurance can be sourced both online and with local insurance agents, so you need to quote insurance with both to have the best selection. There are still a few companies who do not provide online price quotes and many times these smaller companies sell through independent insurance agents.

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