How Much Does 1990 Mercedes-Benz 500-Class Insurance Cost?

No normal person likes having to buy car insurance, in particular when they could find better prices if they shop around.

Many auto insurance companies vie for your insurance dollar, and it can be difficult to compare rates to get the best price available.

The cheapest car insurance quotes

The are a couple different ways of comparing rate quotes from lots of car insurance companies. The easiest way by far to compare 1990 Mercedes-Benz 500-Class insurance prices is to jump online and get quotes. This can be done using a couple different methods.

1. The fastest and easiest way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form saves time by eliminating multiple quote forms for each price estimate. One simple form gets rate comparisons from many national carriers.
2. A more difficult way to get comparison quotes requires visiting each company’s website to complete their respective quote request forms. For instance, we’ll pretend you want comparison quotes from Progressive, Safeco and State Farm. In order to get each rate, you would have to spend time going to each site individually and repeatedly type in your coverage information, which can be really labor intensive. To view a list of companies in your area, click here.

The method you choose is up to you, but do your best to use nearly identical coverages for every company. If you use different coverage information it will be very difficult to determine the best price for your Mercedes-Benz 500-Class. Having just a slight variation in limits may result in a large different in cost. And when price shopping your coverage, comparing a large number of companies helps increase your odds of locating more affordable insurance.

Mercedes-Benz 500-Class insurance price factors

The best way to find cheaper insurance is to take a look at some of the elements that play a part in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with big savings.

The following are a partial list of the pieces companies use to determine your rates.

• Having a spouse can lower prices – Having a spouse helps lower the price on your insurance policy. Having a significant other translates into being more financially stable and statistics prove being married results in fewer claims.
• GPS tracking and theft deterrents lowers rates – Selecting a car model with advanced anti-theft systems can help lower your premiums. Systems that thwart theives like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft and help bring rates down.
• Higher physical damage deductibles save money – Comp and collision deductibles are the amount of money you are willing to pay if a claim is determined to be covered. Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of covered claims would be a windshield broken by a bird, damage caused by hail, or theft of your vehicle. The more money you’re willing to pay, the less money you will pay for insurance for 500-Class coverage.
• Prices also based on gender – Over the last 30 years, statistics show that women are safer drivers than men. That doesn’t necessarily mean that females are better at driving than males. Females and males cause auto accidents at about the same rate, but the males tend to have higher claims. Not only that, but men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 have the highest risk to insure and are penalized with high insurance rates.
• Where you call home factors in – Being located in a small town can be a good thing when insuring your vehicles. Fewer drivers on the road corresponds to lower accident rates and a lower car theft rate. Drivers who live in large cities tend to have more traffic problems and a longer drive to work. More time on the road means higher likelihood of an accident.

Discounts to earn affordable auto insurance rates

Auto insurance companies don’t list the complete list of policy discounts in an easy-to-find place, so here is a list both well-publicized and the harder-to-find auto insurance savings. If you check and find you aren’t receiving every discount available, you are not getting the best rate possible.

• Use Seat Belts – Buckling up and requiring all passengers to use their safety belts can save up to 15% off PIP or medical payments premium.
• Multiple Cars – Purchasing coverage when you have multiple vehicles on the same auto insurance policy may reduce the rate for each vehicle.
• Claim-Free Discount – Insureds who avoid accidents and claims pay less when compared to drivers who are more careless.
• Driver Education Discount – Cut your cost by having your teen driver complete a driver education course in high school.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy some life insurance in addition to your auto policy.
• Safe Driver Discounts – Insureds who avoid accidents can pay as much as 50% less for 500-Class coverage than drivers with accident claims.
• Switch and Save Discount – A few auto insurance companies give discounts for signing up before your current coverage expires. You can save around 10% with this discount.
• College Student – who live away from home at college and do not have access to a covered vehicle may qualify for this discount.
• Low Mileage Discounts – Maintaining low annual mileage can qualify you for discounted rates on garaged vehicles.

Don’t be surprised that most discounts do not apply to your bottom line cost. Some only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, nobody gets a free ride.

Companies and the discounts they provide can be read below.

• Geico offers premium reductions for anti-lock brakes, air bags, membership and employees, daytime running lights, good student, and military active duty.
• Auto-Owners Insurance may offer discounts for anti-lock brakes, safe vehicle, mature driver, good student, multi-policy, and student away at school.
• American Family offers discounts including good driver, defensive driver, bundled insurance, Steer into Savings, multi-vehicle, and accident-free.
• Esurance has savings for emergency road assistance, claim free, good driver, renters, and DriveSense.
• Progressive discounts include good student, continuous coverage, homeowner, multi-policy, online quote discount, multi-vehicle, and online signing.
• State Farm offers discounts for Steer Clear safe driver discount, multiple autos, accident-free, passive restraint, multiple policy, and driver’s education.
• AAA policyholders can earn discounts including multi-policy, multi-car, AAA membership discount, anti-theft, good student, and pay-in-full.

If you need lower rates, check with each company or agent how many discounts you can get. Some discounts may not apply to policyholders in your area.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can help discover if your insurance needs would benefit from professional advice.

• When should I not file a claim?
• Does coverage extend to my business vehicle?
• How can I get high-risk coverage after a DUI?
• Can I get a multi-policy discount?
• Are rental cars covered under my policy?
• Does liability extend to a camper or trailer?
• Does my policy pay for OEM or aftermarket parts?
• How high should deductibles be on a 1990 Mercedes-Benz 500-Class?
• Am I covered when driving in Canada or Mexico?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Educate yourself about insurance coverages

Learning about specific coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average insurance policy.

Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, vandalism, damage from a tornado or hurricane and hitting a bird. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz 500-Class.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage – This coverage pays for damage to your 500-Class from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like scraping a guard rail, rolling your car, hitting a parking meter and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Medical expense insurance – Med pay and PIP coverage kick in for bills for things like EMT expenses, hospital visits and nursing services. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability auto insurance – Liability insurance provides protection from damage that occurs to a person or their property in an accident. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, 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 $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like loss of income, legal defense fees, emergency aid and medical services. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Save your hard earned cash

More affordable insurance coverage is definitely available both online and also from your neighborhood agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance coverage companies do not offer internet price quotes and usually these smaller providers provide coverage only through local independent agencies.

We covered many tips how you can reduce 1990 Mercedes-Benz 500-Class insurance premium rates online. The key concept to understand is the more times you quote, the better chance you’ll have of finding cheap insurance. You may even find the biggest savings come from the least-expected company. Regional companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or Geico.

More learning opportunities

• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• What is Full Coverage? (Allstate)
• What is a Telematics Device? (Allstate)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)