Lower Your 1998 Mercedes-Benz M-Class Insurance Quotes

Trying to find lower insurance coverage rates for your Mercedes-Benz M-Class? Have you fallen victim to overpriced insurance coverage? Believe me, many consumers feel financially strained by their insurance coverage policy.

With so many online and local companies to choose from, it is hard for the average consumer to find the most cost effective insurer.

This information will tell you how to get online quotes and some tips to save money. If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. But car owners must comprehend how insurance companies compete online because it can help you find the best coverage.

How to Compare Insurance Coverage Costs

Most companies such as Progressive, Allstate and Geico quote pricing online. Getting quotes doesn’t take a lot of time as you simply type in your coverage information into the quote form. Upon sending the form, the system orders your driving and credit reports and returns a price quote based on these factors. Quoting online helps simplify price comparisons, but the process of having to visit each company’s website and repetitively complete many quote forms is not the best way to spend an afternoon. But it’s absolutely necessary to compare as many rates as possible if you want to find the best price on insurance coverage.

A more efficient way to locate the lowest prices uses one form that gets price quotes from many companies. It’s a real time-saver, reduces the work, and makes price shopping online a lot less work. As soon as you send your information, your coverage is rated and you are able to buy any of the pricing results.

If one or more price quotes are lower than your current rates, you simply finish the application and buy the policy. The whole process can be completed in a matter of minutes and may save quite a bit of money.

To compare rates now, simply click here to open in new window and input your coverage information. To compare your current rates, we recommend you input deductibles and limits identical to your current policy. This ensures you’re receiving an apples-to-apples comparison for similar coverage.

How much can you save with discounts?

Insurance can be prohibitively expensive, but you can get discounts to reduce the price significantly. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be asked for before you get the savings.

  • Use Seat Belts – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Good Student – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Resident Student – Kids in college who live away from home without a vehicle on campus may be able to be covered for less.
  • Club Memberships – Affiliation with a professional or civic organization could qualify you for a break on car insurance for M-Class coverage.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as comp or med pay. Just because you may think having all the discounts means you get insurance for free, companies don’t profit that way. Any qualifying discounts will help reduce the amount you have to pay.

For a list of insurers offering car insurance discounts, click this link.

How much car insurance do I need?

When it comes to buying coverage, there really is no cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help you determine if your insurance needs could use an agent’s help.

  • Is my 1998 Mercedes-Benz M-Class covered for flood damage?
  • What is covered by UM/UIM coverage?
  • Is a blown tire covered by insurance?
  • What is UM/UIM insurance?
  • Do I have any recourse if my insurance company denies a claim?
  • How do I insure my teen driver?
  • Am I covered when using my vehicle for business?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Factors determining your Mercedes-Benz M-Class insurance premium

Smart consumers have a good feel for some of the elements that help determine auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that may reward you with big savings.

The following are some of the items auto insurance companies consider when setting rates.

  • Do you know your deductibles? – The deductibles define the amount you are required to spend before your auto insurance pays a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply could be running into the backend of another car, damage caused by hail, and burglary. The more money you are required to pay out-of-pocket, the less your auto insurance will be for M-Class coverage.
  • Liability insurance protects assets – Liability coverage is the protection in the event that you are found liable for damages from an accident. Liability provides legal defense coverage starting from day one. Liability is cheap when compared with rates for comp and collision, so do not skimp.
  • Pay less if you’re married – Having a wife or husband actually saves money when buying auto insurance. It translates into being more mature and it’s proven that married couples file fewer claims.
  • Higher safety ratings means cheaper insurance – Safer cars get lower rates. Safe vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If the Mercedes-Benz M-Class earned at least 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.
  • Car features impact rates – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • Do you work long hours in a high stress job? – Did you know your auto insurance rates can be affected by your occupation? Jobs such as real estate brokers, social workers and stock brokers tend to pay the highest rates attributed to high stress levels and long work days. On the other hand, occupations like scientists, students and performers have the lowest average rates for M-Class coverage.
  • Better credit scores mean better rates – A driver’s credit rating is a large factor in calculating your auto insurance rates. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. So if your credit rating can use some improvement, you could save money insuring your 1998 Mercedes-Benz M-Class by improving your rating.
  • With age comes lower rates – More mature drivers are more cautious drivers, tend to cause fewer accidents and tend to be better behind the wheel. Youthful drivers tend to be careless and easily distracted when driving therefore auto insurance rates are much higher.

Save 15 percent in 15 minutes? Is it for real?

Insurance coverage companies such as Progressive, Allstate and Geico consistently run ads in print and on television. They all seem to make the same claim about savings if you change to them. How do they all make almost identical claims? It’s all in the numbers.

All companies have a preferred profile for the driver that makes them money. A good example of a desirable insured could possibly be between 25 and 40, a clean driving record, and chooses high deductibles. A propective insured who meets those qualifications will get very good rates and therefore will save when they switch companies.

Potential customers who are not a match for this ideal profile will have to pay a higher premium which usually ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that much. This is how insurance companies can state the savings.

Because of the profiling, it’s extremely important to get a wide range of price quotes. It’s not possible to predict which insurance companies will have the lowest Mercedes-Benz M-Class insurance rates.

Information about specific coverages

Understanding the coverages of your auto insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most auto insurance policies.

Collision – Collision insurance covers damage to your M-Class resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with a tree, driving through your garage door and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Liability insurance – This coverage will cover injuries or damage you cause to other people or property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

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 values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as repair bills for other people’s vehicles, structural damage and legal defense fees. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Medical expense insurance – Medical payments and Personal Injury Protection insurance kick in for expenses like ambulance fees, chiropractic care, dental work, prosthetic devices and nursing services. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz M-Class.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Comprehensive (Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, hitting a bird, damage from flooding, falling objects and hail damage. The maximum payout 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 it’s probably time to drop comprehensive insurance.

One last thing about your coverage

In this article, we presented a lot of techniques to shop for 1998 Mercedes-Benz M-Class insurance online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance coverage comes from some of the smallest insurance companies. They can often provide lower rates in certain areas as compared to the big name companies such as Progressive or Geico.

Lower-priced insurance can be bought both online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

Additional information can be found at these links: