Save on 1993 Mercedes-Benz 500-Class Insurance Quotes

Want better auto insurance rates for your Mercedes-Benz 500-Class? Trying to find better insurance prices for your Mercedes-Benz 500-Class could be a lot of work, but you can follow these tips to make it easier. There is a right way and a wrong way to shop for auto insurance and you need to know the best way to get price quotes for a Mercedes-Benz and find the best price possible.

If you have a current auto insurance policy or are just looking to switch companies, you can learn to shop for the lowest rates while maximizing coverage. Buying the best auto insurance coverage is not that difficult. Drivers only need to know the most efficient way to shop for auto insurance online.

Compare Quotes for Insurance

Effectively comparing insurance prices can take time and effort if you aren’t aware of the best way to get rate quotes. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can utilize the internet to get prices fast.

Most of the best insurance companies participate in an industry program where insurance shoppers enter their coverage request one time, and each participating company then returns a price quote based on that information. This saves time by eliminating quote requests for each company.

To participate in this free quote system, click here to start a free quote.

The one downside to pricing coverage this way is you cannot specify which providers to get pricing from. So if you want to choose specific insurance companies to request quotes from, we put together a list of low cost insurance companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare identical information for each comparison quote. If you compare differing limits it will be impossible to make a fair comparison for your Mercedes-Benz 500-Class.

Be sure to get all your discounts

Companies that sell car insurance don’t always list every discount very clearly, so the following is a list of both the well known and the harder-to-find ways to save on auto insurance. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Seat Belts Save – Requiring all passengers to buckle their seat belts could cut 10% or more off your medical payments premium.
  • Defensive Driving Course – Taking a course teaching defensive driving skills can save you 5% or more if you qualify.
  • Low Mileage – Keeping the miles down on your Mercedes-Benz can earn a substantially lower rate.
  • E-sign – A few companies will discount your bill up to fifty bucks for buying your policy online.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on 500-Class coverage than less cautious drivers.
  • Passive Restraint Discount – Factory air bags can get savings of up to 25% or more.

It’s important to note that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn’t make money that way.

Car insurance companies that possibly offer some of the above discounts are:

Check with every prospective company how you can save money. Some discounts may not apply in every state.

How do I know if I need professional advice?

When it comes to buying coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

For instance, these questions may help highlight whether or not you will benefit from professional help.

  • How much liability do I need to cover my assets?
  • Will my rates increase for filing one claim?
  • Do I need PIP coverage since I have good health insurance?
  • How do I buy GAP insurance?
  • How many claims can I have before being cancelled?
  • Are my friends covered when driving my 1993 Mercedes-Benz 500-Class?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I benefit by insuring my home with the same company?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and can provide invaluable advice.

Lesser-known factors impacting Mercedes-Benz 500-Class insurance rates

Smart consumers have a good feel for the different types of things that help determine the price you pay for car insurance. Knowing what controls the rates you pay allows you to make educated decisions that could result in better car insurance rates.

  • Liability coverage is cheap – Your policy’s liability coverage will protect you if ever you are found liable for damages caused by your negligence. It provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • Pay less if you’re married – Having a wife or husband can actually save you money on your policy. It means you’re more mature and it’s proven that drivers who are married are more cautious.
  • Your age impacts your rates – Young drivers are statistically proven to be careless and easily distracted when driving so they pay higher car insurance rates. Parents adding a teenage driver onto your car insurance can really hurt. More mature drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers.
  • Your location affects your rates – Living in a rural area is a positive aspect when talking about car insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Urban drivers have more traffic problems and longer commutes to work. More time commuting can result in more accidents.
  • Better crash test results mean better rates – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles reduce injuries and better occupant protection translates into savings for insurance companies and thus lower rates. If your Mercedes-Benz has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Do you know you’re credit rating? – Having a bad credit score is a large factor in determining your rates. Consumers who have excellent credit tend to be less risk to insure than those with lower ratings. So if your credit score is low, you could pay less to insure your 1993 Mercedes-Benz 500-Class by improving your credit score.

Coverages available on your policy

Knowing the specifics of your policy helps when choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for expenses for things like hospital visits, surgery, X-ray expenses, doctor visits and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like scraping a guard rail, sustaining damage from a pot hole, crashing into a building, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Auto liability insurance

This can cover damage or injury you incur to other’s property or people by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like emergency aid, structural damage, attorney fees, pain and suffering and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Mercedes-Benz 500-Class.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from flooding, a broken windshield, vandalism and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Summing up your insurance coverage search

Cost effective 1993 Mercedes-Benz 500-Class insurance can be bought online as well as from independent agents, and you need to price shop both to have the best selection. Some insurance companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

Consumers leave their current company for a variety of reasons including delays in paying claims, being labeled a high risk driver, delays in responding to claim requests and an unsatisfactory settlement offer. No matter why you want to switch, choosing a new insurance company can be pretty painless.

As you prepare to switch companies, don’t be tempted to buy less coverage just to save a little money. There have been many cases where someone sacrificed full coverage and found out when filing a claim that they should have had better coverage. The ultimate goal is to buy enough coverage for the lowest price while still protecting your assets.

To learn more, feel free to browse the resources below: