Save on 2003 Mercedes-Benz CL-Class Car Insurance Cost

Looking for cheaper car insurance rates for your Mercedes-Benz CL-Class? Finding cheaper insurance for a Mercedes-Benz CL-Class can be an all-consuming task, but you can learn our car insurance buying tips to find lower rates.

There are more efficient ways to buy car insurance and we’ll show you the proper way to quote coverages for your Mercedes-Benz and obtain the cheapest rates from both online companies and local agents.

It’s a good habit to get comparison quotes quite often since insurance prices are usually higher with each renewal. Just because you had the best rate on CL-Class coverage last year there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re going to learn the right way to remove unneeded coverages and save money.

If you have a current insurance coverage policy or are looking for a new policy, you can use these techniques to get lower rates and still get good coverage. Shopping for more affordable protection is simple if you know the tricks. Vehicle owners just need to understand the proper way to shop their coverage around online.

How do insurance companies determine Mercedes-Benz CL-Class insurance rates?

When buying car insurance it’s important to understand some of the things that help determine your policy premiums. If you know what impacts premium levels, this empowers consumers to make smart changes that may reward you with big savings.

The items below are some of the most rate-impacting factors companies use to determine your premiums.

  • Good drivers pay the best prices – A bad driving record impacts your car insurance rates tremendously. Drivers with clean records get better prices than people who have multiple driving citations. Just one chargable violation may increase your cost forty percent or more. Drivers who have flagrant tickets like hit and run, DWI or reckless driving convictions might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Theft deterrents lower prices – Selecting a car model with a theft deterrent system can earn a premium discount. Systems that thwart theives like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your car from being stolen.
  • No policy lapses lowers prices – Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your coverage have a gap. In addition to paying higher rates, failure to provide proof of insurance can result in a license revocation or jail time. You may then be required to file a SR-22 with your state DMV.
  • Bundle policies and save money – Many car insurance companies apply discounts to insureds that purchase more than one policy such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even with this discount applied, it’s in your best interest to shop around to ensure the best deal.
  • Do you work long hours in a demanding job? – Did you know your occupation can influence how much you pay for car insurance? Jobs such as military personnel, architects and accountants are shown to have the highest average rates due to stressful work requirements and lots of time spent at work. Other occupations like actors, athletes and retirees get better rates on CL-Class coverage.
  • What’s your car’s crash test rating? – Cars with high safety ratings are cheaper to insure. Safe vehicles protect occupants better and lower rates of occupant injuries means lower claim amounts and more competitive rates for policyholders. If your Mercedes-Benz CL-Class scored at minimum four stars on Safercar.gov it is probably cheaper to insure.
  • Prices for men may be higher – Over the last 50 years, statistics have shown females are less aggressive when driving. It does not mean men are WORSE drivers than women. Women and men get in fender benders at a similar rate, but guys tend to have higher claims. Men also statistically get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Young males generally have the highest accident percentage and therefore have the most expensive car insurance rates.
  • Where you call home factors in – Having an address in areas with lower population is a positive aspect when it comes to car insurance. Drivers in populated areas regularly have congested traffic and more severe claims. Fewer drivers and short commutes means a lower chance of having an accident.

Don’t miss with these discounts

Some insurance providers do not advertise every policy discount in a way that’s easy to find, so the list below gives a summary of some of the best known and also the lesser-known credits that you can use to lower your rates. If you do not check that you are getting every discount available, you are not getting the best rate possible.

  • Policy Bundle Discount – If you can combine your homeowners and auto policy and place coverage with the same company you may earn up to 20% off your total premium.
  • Government Employee Discount – Being employed by or retired from a federal job can earn a discount up to 10% on CL-Class coverage with select insurance companies.
  • Driver’s Ed – Require your teen driver to participate in a local driver’s education class in school.
  • Good Student – Getting good grades can get you a discount of up to 25%. The discount lasts until age 25.
  • 55 and Retired – If you qualify as a senior citizen, you are able to get reduced rates on CL-Class coverage.
  • Defensive Driver Discounts – Completing a course in driver safety could cut 5% off your bill and also improve your driving technique.
  • Save with a New Car – Buying a new car model can cost up to 25% less because new model year vehicles keep occupants safer.
  • E-sign – Some of the larger companies may give you up to $50 for buying your policy on the web.
  • Multiple Vehicles – Drivers who insure multiple cars or trucks with one company could earn a price break for each car.
  • Drive Safe and Save – Insureds without accidents may receive a discount up to 45% on CL-Class coverage than less cautious drivers.

We need to note that most discount credits are not given to the entire cost. A few only apply to individual premiums such as comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

Large auto insurance companies and their possible discounts are included below.

  • State Farm offers discounts including driver’s education, defensive driving training, student away at school, safe vehicle, good student, Drive Safe & Save, and anti-theft.
  • Esurance has discounts for emergency road assistance, homeowner, multi-policy, DriveSense, defensive driver, and Pac-12 alumni.
  • Progressive has savings for multi-policy, homeowner, online signing, online quote discount, and continuous coverage.
  • Liberty Mutual may include discounts for new graduate, multi-policy, good student, newly retired, and multi-car.
  • Auto-Owners Insurance discounts include paperless, paid in full, anti-theft, anti-lock brakes, group or association, and multiple vehicles.
  • Geico includes discounts for emergency military deployment, federal employee, multi-policy, driver training, and air bags.

It’s a good idea to ask every prospective company how many discounts you can get. All car insurance discounts may not be offered everywhere. To locate auto insurance companies that offer some of these discounts, click here.

Do you really save 40% when you switch?

Consumers get pounded daily by advertisements that promise big savings for switching by Allstate, Geico and Progressive. All the ads tend to make the same promise that you can save just by moving your coverage.

How does every company sell you cheaper insurance coverage? You have to listen carefully.

All the different companies have a certain “appetite” for the type of customer that makes them money. One example of this type of insured might be described as a married male, has never had a claim, and drives a vehicle with a low ISO rating. Anybody who meets those qualifications will get very good auto insurance rates and will save if they switch.

Potential customers who fall short of the ideal profile must pay a more expensive rate which leads to the customer not buying. The trick companies use is to say “drivers that switch” not “everyone that quotes” save that much money. That’s why companies can make those claims.

This illustrates why you really need to do a rate comparison at every renewal. It is just not possible to predict the company that will be your best fit.

Your situation helps dictate your coverage

When buying adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Each situation is unique.

For example, these questions may help highlight if you could use an agent’s help.

  • Am I covered if my car is in a flood?
  • Should I sign the liability waiver when renting a car?
  • Should I buy additional glass protection?
  • Does my personal policy cover me when driving out-of-state?
  • Who is covered by my policy?
  • When should I remove comp and collision on my 2003 Mercedes-Benz CL-Class?
  • Can I afford to buy a different vehicle if my 2003 Mercedes-Benz CL-Class is totaled?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered when driving in Canada or Mexico?
  • What is no-fault insurance?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and can provide invaluable advice.

Parts of your auto insurance policy

Knowing the specifics of a auto insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Auto collision coverage

This will pay to fix damage to your CL-Class resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a ditch, colliding with a tree and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. 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 hail damage, damage from getting keyed, hitting a deer and theft. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for surgery, nursing services, rehabilitation expenses, X-ray expenses and dental work. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability insurance will cover damages or injuries you inflict on people or other property. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as loss of income, medical services, repair costs for stationary objects, pain and suffering and funeral expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Buy Smart and Save

Drivers change insurance companies for a variety of reasons including questionable increases in premium, delays in responding to claim requests, policy non-renewal and not issuing a premium refund. Regardless of your reason, finding a great new company is easier than you think.

As you quote auto insurance, you should never skimp on coverage in order to save money. In many cases, someone sacrificed liability limits or collision coverage and learned later that it was a big mistake. Your strategy should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

We’ve covered a lot of information how to shop for 2003 Mercedes-Benz CL-Class insurance online. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the biggest savings come from an unexpected company.

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Comments About 2003 Mercedes-Benz CL-Class Insurance

  1. Ray Benton

    Well-written and thought out article. I live just outside Albuquerque, New Mexico. Quoted rates from Progressive, American Family, and Encompass for my 2003 Mercedes-Benz CL-Class and saved $83 a year. Have a couple speeding tickets too. I dropped full coverage awhile back.

  2. Melva Beasley

    I found pretty cheap rate quotes for a 2003 Mercedes-Benz CL-Class in Columbus, OH. Ended up at darn near $60 every six months with AAA. Next renewal I’ll just do liability.

  3. Leighann Salazar

    Checking in from Wichita, KS. Compared quite a few companies. Saved right around $10 a month. 21st Century was the cheapest option for me. Liability only on my Mercedes-Benz.

  4. Joaquin Vinson

    Cheaper car insurance is a myth. I’m from New Haven, Connecticut. Don’t remember every company but I ended up saving about $30 each month. They have a lot of discounts available. I just quoted rates online.

  5. Alica Henderson

    Cheap is not always the best policy. I’m from Newark, NJ. Got car insurance rates from State Farm, Farmers, and The General for my CL-Class and I think I cut my rates about $30 each month. I get lower rates because of my clean driving record. It’s easy to compare rates online now. It’s too old for full coverage.

  6. Porfirio Waller

    Enjoyed the article. I’m from Evansville, IN. I don’t recall every quote but I ended up saving about $30 each month. Ask about discounts. They have free quotes online. Only insure liability on my CL-Class.

  7. Tisha Wolfe

    If you have a good history and live in the vicinity of Fairbanks, AK, check out Progressive. They seem to be cheaper. I increased coverages a little too. It was easy to get rates.

  8. Loma Ballard

    From a town just southwest of Philadelphia, PA. Got free quotes online for a 2003 Mercedes-Benz CL-Class. Ended up at about $120 savings annually. Went with GEICO. Moved home policy as well. I used their website to get prices.

  9. Willow Skinner

    Found cheapest coverage with Mercury for my Mercedes-Benz and cut my rates about $90 a year. I used their website to get prices. It’s only liability tho.

  10. Harold Tate

    Will Allstate raise rates after an accident?

  11. Kittie Baldwin

    Not sure what I should be paying. I live west of Tampa, Florida. Quoted rates from Progressive, Hartford, and Farmers for my 2003 Mercedes-Benz CL-Class and saved about $60 a year. I just carry liability insurance.

  12. Augustus Reyes

    I chose to switch to State Farm from AAA. I live in Worcester, MA. Left Safeco to switch.

  13. Lanelle Allison

    Will Progressive do a SR22 in Minnesota?

  14. Antione Goodwin

    Got a quote with Amica for my Mercedes-Benz and cut my rates about $60 a year. Book value doesn’t justify full coverage anymore.

  15. Jeanette Schneider

    Nice post. I’m in the south part of Gaithersburg, MD. I don’t recall every quote but I ended up saving about $30 each month. Insured with Hanover before. Switched homeowners coverage too.

  16. Hans Whitley

    Quoted with Eastwood for my 2003 Mercedes-Benz CL-Class and cut my rates about $100 a year. Have a couple speeding tickets too. Just waiting to see how claims go. My CL-Class doesn’t have full coverage.

  17. Christopher Allison

    Any companies in Raleigh, NC that will insure a DUI?