Save on 1990 Mercedes-Benz 300-Class Insurance Rates

Searching for lower insurance coverage rates for your Mercedes-Benz 300-Class? Have you fallen victim to high-priced insurance coverage? Believe me when I say there are lots of people in the same boat.

Many insurance companies compete for your business, so it can be very hard to choose a company to find the absolute best rate

You should make it a habit to get comparison quotes occasionally because rates fluctuate regularly. Just because you found the lowest rates for 300-Class insurance last year there may be better deals available now. There is a lot of wrong information about insurance coverage online but we’re going to give you some great ways to quit paying high insurance coverage rates.

If you are paying for car insurance now, you stand a good chance to be able to save some money using these methods. Buying car insurance is not rocket science. But vehicle owners do need to understand the way insurance companies sell insurance online.

Get lower rates on 1990 Mercedes-Benz 300-Class insurance

Insuring your vehicles can cost a lot, but there could be available discounts to cut the cost considerably. Certain discounts will be applied when you purchase, but some may not be applied and must be requested specifically before you get the savings.

  • Drive Safe and Save – Safe drivers can pay as much as 50% less for 300-Class insurance than their less cautious counterparts.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
  • Save over 55 – Mature drivers may receive a small decrease in premiums for 300-Class insurance.
  • Early Signing – Some companies give discounts for buying a policy prior to your current policy expiring. This can save 10% or more.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Distant Student – Kids in college who live away from home without a vehicle on campus may qualify for this discount.
  • E-sign – A few companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.
  • Employee of Federal Government – Active or retired federal employment may qualify you for a discount for 300-Class insurance depending on your company.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way. Any qualifying discounts will cut the amount you have to pay.

Companies who might offer these money-saving discounts include:

Double check with every prospective company which discounts they offer. Savings may not be available in every state.

Mercedes-Benz 300-Class rates are complex

Consumers need to have an understanding of some of the elements that play a part in calculating the rates you pay for insurance coverage. When you know what positively or negatively influences your rates helps enable you to make changes that could result in much lower annual insurance costs.

Shown below are some of the factors that factor into premiums.

  • Higher deductibles cost less – Physical damage deductibles define the amount you are required to spend before a claim is paid by your company. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The more you have to pay, the less your company will charge you for insurance for 300-Class insurance.
  • Rural vs Urban Areas – Living in small towns and rural areas has it’s advantages when it comes to insurance coverage. Fewer people means fewer accidents as well as less vandalism and auto theft. Urban drivers have to deal with congested traffic and longer commutes to work. More time on the road can result in more accidents.
  • Your occupation can affect rates – Did you know your insurance coverage rates can be affected by your occupation? Occupations like judges, architects and stock brokers tend to have the highest rates attributed to high stress levels and long work days. On the other hand, occupations such as scientists, students and performers receive lower rates for 300-Class insurance.
  • Pay less if you’re married – Getting married can actually save you money on your policy. It translates into being more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Battle of the sexes – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. They both are in accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as reckless driving.
  • Optional equipment can affect rates – Owning a car with a theft deterrent system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.
  • Better credit scores mean better rates – A driver’s credit score is a important factor in determining your rates. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower credit scores. Therefore, if your credit history is low, you could pay less to insure your 1990 Mercedes-Benz 300-Class by spending a little time repairing your credit.
  • Extra add-on coverages are wasting money – There are a lot of additional coverages that you can get tricked into buying on your 300-Class policy. Coverages for vanishing deductibles, accidental death and additional equipment coverage are examples of these. These may sound like a good investment at first, but now you might not need them so eliminate them to save money.

Tailor your coverage to you

When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

  • Am I insured when driving a different vehicle?
  • What if I don’t agree with a claim settlement offer?
  • Is my Mercedes-Benz 300-Class covered if I use it for business?
  • Am I better off with higher deductibles on my 1990 Mercedes-Benz 300-Class?
  • Is my nanny covered when driving my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • Should I buy more coverage than the required minimum liability coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Auto insurance 101

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy. These are the usual coverages offered by insurance companies.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as funeral costs, prosthetic devices and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 1990 Mercedes-Benz 300-Class.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

Collision coverage pays for damage to your 300-Class from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like damaging your car on a curb, crashing into a building and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from 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 can pay for things such as hail damage, vandalism, falling objects, a broken windshield and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability auto insurance

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

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as medical expenses, funeral expenses, repair costs for stationary objects, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Final considerations

As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. There are too many instances where someone dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at an affordable rate.

We just covered a lot of ways to save on 1990 Mercedes-Benz 300-Class insurance. The most important thing to understand is the more times you quote, the better chance you’ll have of finding lower rates. You may even discover the lowest premiums are with the smaller companies. These companies may often insure only within specific states and give getter rates compared to the large companies like Geico and State Farm.

Even more information can be found by following these links: