How Much Does 1998 Mercedes-Benz M-Class Car Insurance Cost?

Are you regretting the purchase of an overpriced auto insurance policy? It’s quite common and you are not the only one feeling buyer’s remorse. Due to the abundance of different company options, it is hard for the average consumer to pick the lowest cost auto insurance company.

You should make it a habit to check auto insurance prices once or twice a year because prices change quite often. Just because you found the lowest price for M-Class insurance on your last policy you can probably find a better rate quote now. Ignore everything you know about auto insurance because I’m going to teach you the quickest way to properly buy coverages and cut your premium.

These discounts can lower your auto insurance rates

Car insurance companies don’t always publicize every discount very clearly, so the list below gives a summary of a few of the more common and the more hidden discounts that you may qualify for.

  • Professional Organizations – Participating in a professional or civic organization may earn a discount on your policy.
  • Government Employee Discount – Active or retired federal employment could provide a small rate reduction for M-Class insurance but check with your company.
  • Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more for M-Class insurance as compared to drivers with claims.
  • Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Auto/Home Discount – If you combine your home and auto policies and insure them with the same company you may save at least 10 to 15 percent or more.
  • Military Rewards – Having a family member in the military could trigger a small discount.
  • Discounts for New Vehicles – Adding a new car to your policy can save you some money since newer vehicles have better safety ratings.
  • Accident Forgiveness Coverage – but certain companies will forgive one accident without the usual rate increase if your claims history is clear prior to the accident.
  • Sign Online – Many larger companies give back up to $50 get car insurance on their website.

A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. Most only reduce specific coverage prices like liability and collision coverage. So when it seems like it’s possible to get free car insurance, companies don’t profit that way. But all discounts will definitely lower your premiums.

Popular auto insurance companies and their possible discounts can be read below.

  • GEICO may include discounts for driver training, membership and employees, federal employee, air bags, multi-vehicle, anti-lock brakes, and seat belt use.
  • MetLife discounts include multi-policy, good driver, accident-free, claim-free, defensive driver, and good student.
  • Progressive has discounts for continuous coverage, online quote discount, online signing, multi-policy, homeowner, and multi-vehicle.
  • Travelers includes discounts for new car, hybrid/electric vehicle, payment discounts, multi-policy, early quote, continuous insurance, and student away at school.
  • SAFECO has savings for anti-lock brakes, safe driver, teen safety rewards, multi-car, bundle discounts, and teen safe driver.
  • AAA policyholders can earn discounts including good student, multi-policy, anti-theft, good driver, and multi-car.

If you need cheaper car insurance quotes, ask each company how many discounts you can get. Some of the earlier mentioned discounts might not be available to policyholders everywhere.

Ways to get insurance coverage quotes

The majority of larger companies allow you to get coverage prices from their websites. Getting online rates is pretty painless as all you need to do is type in the coverages you want into the form. Once entered, their system sends out for your driving and credit reports and returns a price quote based on the information you submitted. Online price estimates makes it a lot easier to compare rates but the time required to go to multiple sites and fill out multiple forms is not the best way to spend an afternoon. But it’s very important to compare as many rates as possible in order to get a lower rate.

A less time-consuming method to compare rates makes use of a single form to return rates from multiple companies. It’s a real time-saver, eliminates form submissions, and makes online quotes much more enjoyable. As soon as you send your information, it gets priced and you can choose your choice of the quotes returned. If you find a better price you can click and sign and buy the policy. This process only takes a few minutes and you will find out if you’re overpaying now.

To find out how much you’re overpaying now, click here and fill out the form. To compare your current rates, we recommend you copy the coverage information just like they are on your policy. Using the same limits helps guarantee you’re receiving comparison quotes based on identical coverages.

Mercedes-Benz M-Class insurance prices can be cheaper

Lots of factors are part of the equation when premium rates are determined. Some are obvious such as traffic violations, although others are not as apparent such as your credit history or your vehicle rating.

  • Tickets and citations cost more than a fine – Good drivers pay lower auto insurance prices than people who have multiple driving citations. Just one citation may cause rates to rise substantially. Drivers unfortunate enough to have license-revoking tickets such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.
  • Get hitched and get better prices – Being married may earn you lower rates on insurance. It generally demonstrates drivers are more mature and it’s proven that married drivers tend to file fewer claims.
  • Extra policy coverages push up costs – Insurance policies have a lot of extra bells and whistles that you can buy on your insurance policy. Coverages for personal injury protection, accident forgiveness, and extra life insurance coverage may be costing you every month. These may sound like a good investment initially, but if they’re wasting money think about removing them and cutting costs.
  • Where do you drive? – The more you drive each year the higher the price you pay to insure it. A lot of companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Incorrect rating for your M-Class is just wasting money. It’s always a good idea to double check that your insurance declarations sheet reflects the right rating data, because improper ratings can cost you money.
  • Continuous insurance coverage saves money – Allowing your coverage to lapse will be a fast way to increase your renewal premiums. Not only will you pay higher rates, getting caught without coverage can result in a fine, jail time, or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Credit history impacts costs – An insured’s credit history is a large factor in determining your rates. Insureds with high credit ratings tend to file fewer claims and have better driving records as compared to drivers with poor credit scores. If your credit score can use some improvement, you could save money insuring your 1998 Mercedes-Benz M-Class by improving your credit score.

Different people need different insurance coverages

When it comes to choosing the best insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions might point out if your situation would benefit from an agent’s advice.

  • Does my 1998 Mercedes-Benz M-Class qualify for pleasure use?
  • What are the best liability limits?
  • Can I rate high risk drivers on liability-only vehicles?
  • What companies insure drivers after a DUI or DWI?
  • Am I covered when driving someone else’s vehicle?
  • Are there companies who specialize in insuring high-risk drivers?
  • Where can I find DUI or SR-22 insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What is medical payments coverage?
  • Exactly who is provided coverage by my policy?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Auto insurance coverages and their meanings

Knowing the specifics of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages available from auto insurance companies.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for bills for EMT expenses, nursing services, funeral costs and doctor visits. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Collision – Collision coverage pays for damage to your M-Class resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as sustaining damage from a pot hole, damaging your car on a curb, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Liability coverage – This will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for things like legal defense fees, repair bills for other people’s vehicles, court costs, pain and suffering and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive auto coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, vandalism and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Smart consumers save more

We just covered many tips how you can get a better price on 1998 Mercedes-Benz M-Class insurance. The key thing to remember is the more rate quotes you have, the higher your chance of finding affordable car insurance. Drivers may discover the lowest priced insurance comes from the smaller companies. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate and Progressive.

Lower-priced insurance can be found from both online companies and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers may not provide the ability to get quotes online and most of the time these regional carriers only sell coverage through independent insurance agents.

When searching for inexpensive car insurance quotes, it’s very important that you do not sacrifice coverage to reduce premiums. In many instances, someone sacrificed liability coverage limits and discovered at claim time that the savings was not a smart move. Your strategy should be to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

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