1992 Mercedes-Benz 300-Class Insurance Rates

Want better auto insurance rates for your Mercedes-Benz 300-Class? Trying to come up with a payment for pricey auto insurance can diminish your checking account and force you to prioritize other expenses. Getting a rate comparison can help to lower your bills every month.

Since you have so many choices, it is very difficult to choose the right auto insurance provider.

Learn how to lower your insurance prices

Part of the car insurance buying process is learning the factors that are used to determine your premiums. If you know what determines base rates, this allows you to make educated decisions that can earn you cheaper rates. Lots of factors are used when quoting car insurance. Most are fairly basic such as your driving history, although some other factors are more obscure like your continuous coverage or how financially stable you are.

The itemized list below are some of the things car insurance companies consider when setting your rate level.

  • Multiple policies with one company can save – Most larger insurers give better rates to policyholders who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount applied, you may still want to get quotes from other companies to confirm you are receiving the best rates possible. Drivers may still save even more even if you have your coverage with different companies
  • Big cities have higher prices – Living in areas with lower population may provide you with better prices when it comes to car insurance. City drivers tend to have congested traffic and higher rates of accident claims. Fewer drivers means a lower chance of having an accident.
  • Increase deductibles to save – Physical damage coverage, aka comp and collision, is used to repair damage to your vehicle. Some examples of covered claims would be collision with another vehicle, flood damage, and windstorm damage. Comprehensive and collision coverage deductibles are the amount of money you are willing to pay before a claim is paid by your company. The larger the amount the insured is willing to pay, the lower your rates will be for 300-Class insurance.
  • Lower prices with continuous car insurance coverage – Allowing your coverage to lapse is a sure-fire way to increase your renewal premiums. In addition to paying higher premiums, getting caught without coverage will get you a hefty fine and possibly a revoked license.
  • Too many claims and you’ll pay more – Auto insurance companies provide discounts to people that do not abuse their auto insurance. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is intended for claims that you cannot pay yourself.
  • High premiums for younger drivers – Beginning drivers have a tendency to be easily distracted behind the wheel and because of this, their car insurance rates are much higher. Adding a youthful driver to your car insurance policy will cause a huge premium hike. Older drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.

Cheap insurance coverage quotes with discounts

Auto insurance companies don’t necessarily list all available discounts very clearly, so the list below contains some of the more common and also the lesser-known discounts that you may qualify for.

  • Payment Method – If you can afford to pay the entire bill instead of paying each month you could save 5% or more.
  • Discount for Home Ownership – Just being a homeowner can save a few bucks due to the fact that maintaining a home demonstrates responsibility.
  • Save with a New Car – Buying a new car instead of a used car can be considerably cheaper because newer vehicles are generally safer.
  • Professional Memberships – Participating in qualifying clubs or civic groups could trigger savings when getting a insurance coverage quote.
  • Passive Restraint Discount – Cars that have air bags or automatic seat belts can receive discounts of 25 to 30%.
  • One Accident Forgiven – but some companies like State Farm and Allstate permit an accident without the usual rate increase as long as you don’t have any claims for a particular time prior to the accident.
  • Bundle and Save – If you can bundle your auto and home insurance with the same company you may earn up to 20% and get you low cost insurance coverage.
  • Paper-free Discount – A few larger online companies will discount your bill up to fifty bucks get insurance coverage on the web.
  • Anti-lock Brakes – Vehicles that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Onboard Data Collection – People who choose to allow their company to track their driving habits by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they show good driving skills.

Drivers should understand that many deductions do not apply to the entire cost. Most only apply to individual premiums such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, you’re out of luck.

Popular insurance coverage companies and some of the discounts are:

  • State Farm policyholders can earn discounts including Steer Clear safe driver discount, good student, Drive Safe & Save, driver’s education, student away at school, and anti-theft.
  • GEICO may include discounts for anti-theft, daytime running lights, anti-lock brakes, emergency military deployment, driver training, and federal employee.
  • Liberty Mutual offers discounts including multi-policy, hybrid vehicle, newly retired, multi-car, and new move discount.
  • The Hartford may offer discounts for air bag, defensive driver, anti-theft, driver training, bundle, good student, and vehicle fuel type.
  • MetLife offers premium reductions for accident-free, good student, multi-policy, claim-free, and good driver.
  • Progressive discounts include homeowner, good student, online signing, continuous coverage, and multi-policy.

Check with every prospective company which discounts they offer. Depending on the company, some discounts may not apply to policies in your state. To find insurance coverage companies that offer discounts, click here.

Can you really save if you switch?

Insurance coverage providers like State Farm, GEICO and Progressive endlessly run ads on TV and radio. All the ads say the same thing that you’ll save big if you get a free insurance coverage quote and switch your policy. It sounds good, but how can they all lower your car insurance rates? Just pay attention to how they say it.

All companies quote their best rates for the type of customer that makes them money. One example of a profitable risk profile might be between 25 and 40, has never had a policy lapse, and drives a lower-performance vehicle. Any person who matches that profile will probably get the lowest premium rates and will most likely pay quite a bit less when switching companies.

Insureds who do not fit this stringent profile may receive a higher rate which leads to the prospect going elsewhere. The wording the ads use say “customers who switch” not “everyone that quotes” save money. That is how insurance companies can confidently advertise the savings. This really illustrates why you need to compare as many free insurance coverage quotes as you can. Because without a comparison, you cannot know which insurance companies will have the lowest rate quotes.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can help discover whether your personal situation could use an agent’s help.

  • What is PIP insurance?
  • When should I buy a commercial auto policy?
  • Why am I required to get a high-risk car insurance policy?
  • Why do I need rental car insurance?
  • Is my state a no-fault state?
  • Do I need to file an SR-22 for a DUI in my state?
  • Which is better, split liability limits or combined limits?
  • Can I make deliveries for my home business?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Information about specific coverages

Understanding the coverages of your policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average insurance policy.

Coverage for collisions

Collision insurance pays for damage to your 300-Class from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as backing into a parked car, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability car insurance

This can cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things like pain and suffering, medical expenses and medical services. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Comprehensive coverage

This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, damage from getting keyed and falling objects. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your 1992 Mercedes-Benz 300-Class.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses like doctor visits, hospital visits, chiropractic care, rehabilitation expenses and dental work. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Don’t break the bank

Cheaper insurance coverage is attainable from both online companies and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who may not have the ability to get a quote online and most of the time these small insurance companies provide coverage only through local independent agencies.

As you quote insurance coverage, you should never reduce needed coverages to save money. In many instances, an insured dropped collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at the best price but still have enough coverage for asset protection.

More detailed insurance coverage information is located in the articles below: