1993 Mercedes-Benz 500-Class Insurance Rates

Want cheaper insurance rates for your Mercedes-Benz 500-Class? No car owner looks forward to buying insurance, especially when they know their premiums are through the roof. Online insurance companies like Progressive, GEICO and Farmers Insurance constantly blast consumers with catchy ads and it is challenging if not impossible to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

If you are insured now or are shopping for new coverage, you can follow these tips to reduce the price you pay while maintaining coverages. Finding affordable coverage is easy if you know what you’re doing. Drivers only need to know the proper way to buy car insurance over the internet.

Car insurance discounts are available to slash your rates

Companies that sell car insurance don’t list the complete list of policy discounts in an easy-to-find place, so the list below gives a summary of both the well known and also the lesser-known credits that you can use to lower your rates.

  • Discount for Passive Restraints – Vehicles equipped with air bags can get savings of more than 20%.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
  • No Claim Discounts – Good drivers with no accidents pay less in comparison with drivers who are more careless.
  • Low Miles Discount – Low mileage vehicles could earn cheaper premium rates.
  • Accident Forgiveness – Not necessarily a discount, but a few companies such as State Farm and Allstate will allow you to have one accident before raising your premiums if you have no claims for a certain period of time.
  • Onboard Data Collection – Drivers who elect to allow driving data collection to look at driving patterns by using a telematic data system like Allstate’s Drivewise may get a rate reduction if their driving habits are good.
  • Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Anti-lock Brake System – Cars and trucks with anti-lock braking systems prevent accidents and the ABS can save up to 10%.
  • Own a Home and Save – Owning your own home or condo may trigger a policy discount on car insurance because owning a home requires personal responsibility.
  • Bundle and Save – If you can combine your homeowners and auto policy with one insurance company they may give you a discount of at least 10% off all policies.

Discounts lower rates, but most credits do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.

Larger car insurance companies and the discounts they provide can be read below.

  • GEICO may have discounts that include five-year accident-free, seat belt use, defensive driver, membership and employees, and good student.
  • MetLife policyholders can earn discounts including multi-policy, good driver, good student, claim-free, accident-free, defensive driver
  • State Farm discounts include multiple policy, Drive Safe & Save, multiple autos, driver’s education, defensive driving training, Steer Clear safe driver discount, and safe vehicle.
  • Progressive offers premium reductions for homeowner, multi-vehicle, continuous coverage, online signing, good student, and online quote discount.
  • Mercury Insurance may include discounts for age of vehicle, anti-theft, accident-free, annual mileage, low natural disaster claims, multi-policy, and location of vehicle.
  • 21st Century has savings for air bags, homeowners, early bird, student driver, anti-lock brakes, automatic seat belts, and theft prevention.
  • Allstate has discounts for multi-policy, farm vehicle, FullPay discount, defensive driver, good payer, and utility vehicle.

It’s a good idea to ask every prospective company which discounts you may be entitled to. A few discounts might not apply in your area. To find car insurance companies that offer some of these discounts, click this link.

Low cost insurance price quotes online

Most companies such as 21st Century, Allstate and State Farm allow consumers to get price estimates on the web. Getting online rates is fairly straightforward as all you need to do is type in the coverages you want into the form. When the form is submitted, their rating system orders your credit score and driving record and provides a quote determined by many factors. This makes it easy to compare insurance prices but the work required to visit a lot of sites and type in the same information can be a bit repetitive. But it’s also necessary to perform this step if you want to find the lowest insurance rates.

A more efficient way to locate the lowest prices utilizes a single form to obtain quotes from multiple companies. It’s a real time-saver, requires much less work on your part, and makes comparison shopping much more enjoyable. After your information is entered, it is rated with multiple companies and you can pick any one of the resulting price quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The whole process can be completed in less than 10 minutes and you’ll know if lower rates are available.

To quickly compare pricing, click here and fill out the form. If you have a policy now, it’s recommended you replicate the limits and deductibles identical to your current policy. This ensures you will receive an apples-to-apples comparison using the exact same coverages.

Everyone needs different car insurance coverages

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. For example, these questions could help you determine if you could use an agent’s help.

  • What vehicles should carry emergency assistance coverage?
  • Is motorclub coverage worth it?
  • Am I missing any policy discounts?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • What is medical payments coverage?
  • What can I do if my company denied a claim?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can help protect your family.

Information about specific coverages

Having a good grasp of your car insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on the average car insurance policy.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as hail damage, fire damage, rock chips in glass, theft and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as hospital visits, ambulance fees, funeral costs and surgery. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

UM/UIM Coverage – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Auto liability insurance – Liability insurance provides protection from damage or injury you incur to other people or property. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like attorney fees, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – This coverage pays for damage to your 500-Class caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as sideswiping another vehicle, driving through your garage door, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.

Online plus local equals savings

We just showed you a lot of ways to save on 1993 Mercedes-Benz 500-Class insurance. The most important thing to understand is the more companies you get rates for, the better your chances of lowering your rates. You may even discover the best price on car insurance is with an unexpected company. These companies often have lower rates on specific markets as compared to the big name companies such as Progressive and GEICO.

While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. There have been many situations where someone dropped collision coverage only to find out that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at the lowest possible cost, not the least amount of coverage.

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