1993 Mercedes-Benz 400-Class Insurance Rates – 9 Policy Discounts

Looking for the cheapest auto insurance rates for your Mercedes-Benz 400-Class? Have you had enough of not being able to afford to pay your auto insurance bill each month? Your situation is no different than the majority of other consumers.

Big companies like GEICO, Progressive and Allstate constantly blast consumers with ad campaigns and it is challenging if not impossible to see through the cute green geckos and mayhem and do the work needed to find the best deal.

Verify you’re getting every discount

Auto insurance companies do not advertise every available discount in an easy-to-find place, so we took the time to find both the well known and also the more inconspicuous discounts that you can inquire about if you buy insurance coverage online. If you are not receiving all the discounts you deserve, you are just wasting money.

  • Government Employees – Being employed by or retired from a federal job may reduce rates when you quote insurance coverage for 400-Class insurance with certain companies.
  • Membership in Organizations – Affiliation with a professional or civic organization could qualify you for a break when shopping for insurance.
  • College Student – Youth drivers who live away from home at college and won’t have access to an insured vehicle may be insured at a cheaper rate.
  • Renewal Discounts – A few larger companies offer discounts for switching companies early. You could save around 10% when you buy insurance coverage online.
  • Safety Course Discount – Taking time to complete a class that teaches driver safety techniques can save you 5% or more depending on where you live.
  • Drive Less and Save – Driving fewer miles could be rewarded with lower insurancerates on the low mileage vehicles.
  • E-sign – Some insurance companies will discount your bill up to fifty bucks get insurance coverage digitally online.
  • Drivers Education – Require your teen driver to enroll and complete driver’s education if offered at their school.
  • Student Discounts – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you until age 25.

As is typical with insurance, most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like you could get a free insurance policy, insurance companies aren’t that generous.

For a list of insurers with significant discounts, follow this link.

When should I discuss my situation with an agent?

When buying adequate coverage, there really is not a cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. For instance, these questions can help discover whether your personal situation might need an agent’s assistance.

  • Am I covered if I wreck a rental car?
  • Are all vehicle passengers covered by medical payments coverage?
  • What is UM/UIM insurance?
  • If my 1993 Mercedes-Benz 400-Class is totaled, can I afford another vehicle?
  • Why is insurance for a teen driver so high?
  • Why am I required to get a high-risk car insurance policy?

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

Auto insurance 101

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.

Auto liability insurance – This protects you from damage that occurs to a person or their property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like pain and suffering, bail bonds and attorney fees. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive coverage – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, fire damage and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision – This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, hitting a mailbox, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like ambulance fees, dental work, funeral costs and EMT expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz 400-Class.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Never pay more for less

Low-cost 1993 Mercedes-Benz 400-Class insurance can be purchased from both online companies as well as from independent agents, so you should compare both to have the best selection. Some companies do not offer rate quotes online and these regional insurance providers work with independent insurance agencies.

While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. In many cases, an insured cut liability coverage limits to discover at claim time they didn’t have enough coverage. The aim is to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.

Even more information is located by following these links: