How Much Does 1993 Mercedes-Benz 400-Class Insurance Cost?

Shoppers have a choice when shopping for affordable Mercedes-Benz 400-Class insurance. You can either waste hours driving around to get rate comparisons or use the internet to compare rates.

There are more efficient ways to buy insurance and we’ll show you the absolute fastest way to quote coverages on a Mercedes-Benz and find the cheapest rates from both online companies and local agents.

Get lower-cost insurance coverage with discounts

Not too many consumers would say insurance coverage is affordable, but there are discounts available to cut the cost considerably. A few discounts will automatically apply at the time of purchase, but some discounts are required to be specifically requested prior to receiving the credit.

• Homeowners Pay Less – Owning a home can earn you a little savings since home ownership demonstrates responsibility.
• College Student Discount – College-age children who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.
• Early Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
• E-sign – Many insurance coverage companies give back up to $50 simply for signing on their website.
• Memberships – Belonging to a qualifying organization is a good way to get lower rates on your policy.

Policy discounts save money, but some credits don’t apply to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. Despite the appearance that you would end up receiving a 100% discount, it’s just not the way it works.

A list of insurance coverage companies and a selection of discounts include:

• Geico offers discounts including good student, anti-lock brakes, membership and employees, air bags, emergency military deployment, anti-theft, and military active duty.
• SAFECO offers premium reductions for bundle discounts, homeowner, teen safety rewards, anti-theft, and teen safe driver.
• State Farm discounts include student away at school, safe vehicle, multiple autos, multiple policy, defensive driving training, good student, and Steer Clear safe driver discount.
• MetLife may have discounts that include defensive driver, multi-policy, good driver, good student, claim-free, and accident-free.
• 21st Century may offer discounts for anti-lock brakes, teen driver, defensive driver, theft prevention, driver training, and student driver.
• Progressive policyholders can earn discounts including online quote discount, homeowner, continuous coverage, good student, multi-vehicle, and online signing.

Before buying, ask all the companies which discounts you qualify for. A few discounts may not apply to policies in your area. To see companies that offer multiple discounts, click this link.

The fastest way that we advise to compare car insurance rates is to take advantage of the fact most larger insurance companies participate in a system to give rate comparisons. The one thing you need to do is provide details such as driver details, your credit rating estimate, if it has an alarm system, and whether the vehicles are used for commuting. Those rating factors is submitted instantly to many different companies and you receive quotes immediately.

Tailor your auto insurance coverage to you

When buying the best auto insurance coverage, there really is no “perfect” insurance plan. Every situation is different.

Here are some questions about coverages that could help you determine whether or not you may require specific advice.

• Does my 1993 Mercedes-Benz 400-Class need full coverage?
• Is my ex-spouse still covered by my policy?
• What if I owe more than I can insure my car for?
• Will filing a claim cost me more?
• Do I need special endorsements for business use of my vehicle?
• Why is insurance for a teen driver so high?
• Can I make deliveries for my home business?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Car insurance 101

Knowing the specifics of your policy can help you determine the right coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Insurance for medical payments

Med pay and PIP coverage kick in for bills like ambulance fees, rehabilitation expenses, doctor visits and chiropractic care. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a building, crashing into a ditch, backing into a parked car, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like theft, hail damage and hitting a bird. The highest amount 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 it’s not worth carrying full coverage.

Liability car insurance

This protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as bail bonds, loss of income and attorney fees. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz 400-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are similar to your liability insurance amounts.

At the end of the day…

Lower-priced auto insurance is available online and from local agencies, so you need to quote auto insurance with both to have the best chance of lowering rates. A few companies may not offer the ability to get a quote online and these smaller companies provide coverage only through independent insurance agents.

People change insurance companies for any number of reasons including high prices, unfair underwriting practices, policy cancellation and policy non-renewal. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.

As you shop your coverage around, never skimp on coverage in order to save money. In too many instances, someone sacrificed liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

More detailed auto insurance information can be read by following these links:

• Understanding Car Crashes Video (iihs.org)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Determing Auto Insurance Rates (Geico)
• Child Safety FAQ (iihs.org)