Cheaper 1991 Mercedes-Benz 560-Class Insurance Rates

Are you tired of robbing Peter to pay Paul each month for car insurance? Your situation is no different than many other drivers. Companies like State Farm, Geico and Farmers Insurance increase brand awareness with TV and radio ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

Comparison of Insurance

Shopping for lower insurance rates is a ton of work if you don’t know the most efficient way to do it. You can spend countless hours talking about coverages with agents in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

Most of the larger companies participate in a marketplace that enables customers to send in one quote, and every company then gives them pricing based on that information. This system prevents you from having to do quote forms for each company.

To get comparison pricing now click here to open in new window.

The one downside to using this type of form is you don’t know exactly the providers you want pricing from. So if you prefer to pick specific providers for rate comparison, we have a page of companies who write insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make absolute certain that you use exactly the same coverage limits with every price quote. If each company quotes different liability limits it will be impossible to determine the best price for your Mercedes-Benz 560-Class.

Impacting insurance rates for a Mercedes-Benz 560-Class

Smart consumers have a good feel for some of the elements that help determine your car insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

  • Rate your vehicle for proper use – The more miles you rack up on your Mercedes-Benz every year the more you will pay for car insurance. Most companies charge to insure your cars based on how the vehicle is used. Cars that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. An improperly rated 560-Class can cost quite a bit. Verify your car insurance policy is rated on how each vehicle is driven.
  • Discounts for multiple policies – Most companies give discounts to customers who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to compare rates to confirm you are receiving the best rates possible. You may still be able to find better rates by splitting coverages up.
  • Don’t sacrifice liability coverage – The liability section of your policy provides coverage if ever you are found to be at fault for damages caused by your negligence. Liability provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
  • Men are more aggressive – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are worse drivers. Women and men are in accidents in similar percentages, but the male of the species cause more damage. Men also tend to get more serious tickets such as reckless driving. Youthful male drivers are the most expensive to insure and are penalized with high car insurance rates.
  • Marriage pays dividends – Having a spouse actually saves money on car insurance. Having a spouse usually means you are more responsible and statistics show married drivers get in fewer accidents.

Cut prices on Mercedes-Benz 560-Class insurance

Companies that sell car insurance don’t list all their discounts very clearly, so here is a list both the well known as well as the least known savings tricks you should be using. If you’re not getting every credit available, you’re paying more than you need to.

  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Life Insurance – Some companies give better rates if you take out a life insurance policy as well.
  • Passive Restraints – Factory air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • No Accidents – Good drivers with no accidents can earn big discounts when compared with bad drivers.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if offered at their school.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts could cut 10% or more off your medical payments premium.
  • New Vehicle Savings – Insuring a new car can save up to 30% since new cars are generally safer.
  • Discounts for Safe Drivers – Safe drivers may receive a discount up to 45% less on 560-Class coverage than their less cautious counterparts.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like adding up those discounts means a free policy, companies don’t profit that way.

For a list of insurers who offer insurance discounts, click this link.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. These are some specific questions can help discover whether you would benefit from professional advice.

  • Does my car insurance cover rental cars?
  • Am I insured when driving a different vehicle?
  • Does insurance cover tools stolen from my truck?
  • Are split liability limits better than a combined single limit?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does coverage extend to Mexico or Canada?
  • Do I need special endorsements for business use of my vehicle?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Am I covered when driving on a suspended license?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It is quick, free and can help protect your family.

Car insurance specifics

Knowing the specifics of a car insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages offered by car insurance companies.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for bills such as hospital visits, chiropractic care, prosthetic devices, rehabilitation expenses and EMT 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 in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance – This coverage can cover damage that occurs to a person or their property. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for things like attorney fees, funeral expenses, structural damage and medical expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers 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 very important.

Collision coverage – This coverage pays for damage to your 560-Class resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like rolling your car, damaging your car on a curb, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a broken windshield, a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Quote more. Save more.

We just covered a lot of information how to save on 1991 Mercedes-Benz 560-Class insurance. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers could even find that the best prices are with the smaller companies. Some small companies often have lower prices on specific markets compared to the large companies like Geico and State Farm.

As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where an insured dropped full coverage and found out when filing a claim that it was a big error on their part. Your strategy should be to buy enough coverage at a price you can afford while still protecting your assets.

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