1992 Mercedes-Benz 500-Class Insurance Quotes – 8 Tips for Cheapest Rates

Want the cheapest car insurance rates? Drivers have many options when trying to find low-cost Mercedes-Benz 500-Class insurance. You can either spend your time calling around trying to get quotes or utilize the internet to make rate comparisons. There are more efficient ways to find car insurance online and you need to know the proper way to price shop coverage for a new or used Mercedes-Benz and obtain the lowest possible price from both online companies and local agents.

It’s a great practice to do price comparisons before your next renewal because prices trend upward over time. Despite the fact that you may have had the best price for 500-Class coverage a year ago there may be better deals available now. There is a lot of bad advice regarding car insurance on the internet, but in this article, you’re going to get the best ways to lower your car insurance bill.

Shop car insurance online

There are a variety of methods you can shop for car insurance but one way is less labor-intensive and much quicker. You can spend countless hours driving to local insurance agents in your area, or you can stay home and use online quoting to maximize your effort.

The majority of car insurance companies are enrolled in a marketplace where insurance shoppers enter their policy data once, and at least one company provides a quote based on the submitted data. This system prevents you from having to do quotation requests to each company. To get comparison pricing now click here to start a free quote.

The only downside to comparing rates this way is you don’t know exactly the insurers you want pricing from. So if you prefer to pick specific insurance companies to receive pricing from, we have a listing of low cost car insurance companies in your area. View list of insurance companies.

Whichever method you choose, try to use exactly the same coverage data for each comparison quote. If each company quotes differing limits you can’t possibly make a fair rate comparison.

Lower rate quotes with these eight insurance coverage discounts

Companies that sell car insurance don’t list all disounts very clearly, so the list below contains both well-publicized and also the lesser-known discounts that you can inquire about if you buy car insurance online.

  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more for 500-Class coverage than drivers with accident claims.
  • Mature Driver Discount – Seniors may qualify for a slight reduction on a car insurance quote for 500-Class coverage.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save a little on the medical payments or PIP coverage costs.
  • Defensive Driving Course – Participating in a safe driver course can save you 5% or more and easily recoup the cost of the course.
  • Early Switch Discount – A few larger companies give discounts for switching companies prior to your current policy expiration. It could save around 10% when you buy car insurance online.
  • No Claims – Drivers with accident-free driving histories get the best insurance coverage rates in comparison with frequent claim filers.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Pay Upfront and Save – If you pay your bill all at once as opposed to paying monthly you could save up to 5%.

As a footnote on discounts, many deductions do not apply to the overall cost of the policy. Most cut the cost of specific coverages such as comp or med pay. Even though it may seem like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous.

Companies and the discounts they provide can be found below.

  • Geico has savings for good student, defensive driver, military active duty, seat belt use, five-year accident-free, multi-policy, and membership and employees.
  • SAFECO offers discounts for anti-theft, teen safety rewards, anti-lock brakes, drive less, accident prevention training, teen safe driver, and safe driver.
  • State Farm may offer discounts for good driver, driver’s education, safe vehicle, accident-free, anti-theft, and defensive driving training.
  • MetLife policyholders can earn discounts including good driver, multi-policy, good student, accident-free, and defensive driver.
  • 21st Century has discounts for good student, student driver, anti-lock brakes, air bags, and driver training.
  • Progressive may have discounts that include multi-policy, multi-vehicle, good student, homeowner, online quote discount, continuous coverage, and online signing.

If you are trying to find cheaper car insurance quotes, ask all the companies which credits you are entitled to. A few discounts might not apply in your area. To choose insurance coverage companies that offer discounts, click here.

Auto insurance can get complicated

When it comes to buying the best auto insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions might help in determining whether you could use an agent’s help.

  • What discounts do I qualify for?
  • Why is insurance for a teen driver so high?
  • When would I need rental car insurance?
  • Do I need replacement cost coverage?
  • Do I pay less if my vehicle is kept in my garage?
  • Why am I required to buy high-risk coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • How high should my medical payments coverage be?
  • Am I covered if I drive in a foreign country?
  • Do I need PIP (personal injury protection) coverage in my state?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can help protect your family.

Specifics of your auto insurance policy

Understanding the coverages of your auto insurance policy can help you determine the right coverages for your vehicles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Auto liability insurance

Liability coverage can cover damage or injury you incur to other people or property. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like repair bills for other people’s vehicles, loss of income and medical services. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, hail damage, vandalism and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Insurance for medical payments

Med pay and PIP coverage provide coverage for immediate expenses such as pain medications, doctor visits, hospital visits and funeral costs. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Collision coverage protection

This will pay to fix damage to your 500-Class resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a ditch, rolling your car and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and 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. This is the reason having UM/UIM coverage is important protection for you and your family.

A tidy conclusion

When shopping online for insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped full coverage to discover at claim time that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Cheap 1992 Mercedes-Benz 500-Class insurance can be found on the web and also from your neighborhood agents, so you should compare both to have the best selection. Some insurance coverage companies do not provide online quoting and most of the time these regional insurance providers prefer to sell through independent insurance agents.

We just showed you many ways to shop for 1992 Mercedes-Benz 500-Class insurance online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with the smaller companies.

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Comments About 1992 Mercedes-Benz 500-Class Insurance

  1. Asia Jones

    Just my two cents. From Biloxi, MS. I compared lots of rates. Saved roughly $20 a month. State Farm was the cheapest option for me.

  2. Virgil Blair

    I found pretty cheap rate quotes for a 1992 Mercedes-Benz 500-Class in Charleston, WV. Ended up at roughly $100 every six months with Auto-Owners. Left Hartford to switch. Have a couple speeding tickets too. Bought it from an online quote.

  3. Wendell Edwards

    1992 Mercedes-Benz 500-Class + 21st Century = GOOD RATES!

  4. Sonya Lang

    Does State Farm have good customer service?

  5. Daisy Willis

    Does New Jersey have minimum liability requirements?

  6. Leoma Morin

    FYI in Montgomery, Alabama try Progressive. I got a good deal.

  7. Eboni Reid

    If you have a clean record and live near Detroit, Michigan, check out Allstate. You might save some money. Insured with USAA before.

  8. Cary Casey

    Checking in from Albuquerque, NM. I quoted with 21st Century, Encompass, and Hanover for my Mercedes-Benz and am saving around $70 a year. Was with Erie.

  9. Carl Mccoy

    I got quite a few price quotes for a 1992 Mercedes-Benz 500-Class in Los Angeles, CA. Ended up at about $70 every six months with AAA. Thankfully I have a good driving record.

  10. Art Hopkins

    I drive uninsured.

  11. Saran Lee

    Does Allstate insure teenage drivers?

  12. Salena Sandoval

    Great info, thanks for posting. From south side of Sioux Falls, SD. Received quotes from State Farm, Hartford, and Farmers for my 500-Class and saved about $70 a year.

  13. Hilaria Cherry

    Great site. I live on the south side of Portland, Oregon. Don’t remember every company but I ended up saving about $20 each month. Left Eastwood to switch. I think they have home insurance too. Wish I didn’t have to insure at all.

  14. Jodee Conway

    Great site. Checking in from Portland, ME. Received quotes with Allstate, American Family, and some I forget for my Mercedes-Benz and I’m now saving $15 a month. Not sure if rates are cheaper online or through an agent. I think I’ll get rid of full coverage next time.

  15. Liana Dillard

    Like your site, BTW. Proud to be from Frederick, Maryland. I got free quotes with AIG Insurance, Safeco, and Western Auto Insurance for my Mercedes-Benz and saved $79 a year. Was with State Farm. I think they have home insurance too. Bought it from an online quote.

  16. Isabell Guzman

    Cheaper not always better. I’m in the suburbs of Knoxville, TN. I quoted with 21st Century, Hartford, and Encompass for my 1992 Mercedes-Benz 500-Class and I’m now saving $21 a month. Left Sentry to switch. I think they have home insurance too.

  17. Glory Obrien

    It all costs too much. Went with State Farm for my Mercedes-Benz and am saving around $110 a year. Just liability coverage since it’s getting old.