View 2003 Mercedes-Benz M-Class Car Insurance Rates

Scraping up a payment for overpriced Mercedes-Benz M-Class insurance can drain your savings account and force you to make tough financial choices. Getting a rate comparison can be a smart way to make ends meet.

Due to the large number of insurance companies to choose from, it is very difficult to find a more affordable insurance company.

Why you might pay increased rates

When buying insurance it’s important to understand the factors that aid in calculating the price you pay for insurance. When consumers understand what determines premiums, this helps enable you to make changes that could help you find big savings. Many different elements are used in the calculation when pricing auto insurance. A few of the factors are predictable like your driving record, but some are less obvious like your vehicle usage or how safe your car is.

The following are most of the major factors used by your company to calculate premiums.

• Younger driver insurance rates – Older, more experienced drivers have been proven to be more responsible, tend to cause fewer accidents and tend to be get fewer driving tickets.Beginning drivers have a tendency to be less responsible when driving with friends and because of this, their insurance rates are much higher.
• Never let your policy expire – Not having insurance is against the law and as a result your rates will increase for letting your insurance expire. And not only will your rates increase, not being able to provide proof of insurance may result in a revoked license or a big fine.
• Drive fewer miles and save – The more you drive your Mercedes-Benz every year the higher the price you pay to insure it. A lot of insurance companies rate vehicles based on how the vehicle is used. Cars and trucks that are left in the garage receive better premium rates as compared to vehicles used primarily for driving to work. It’s a good idea to make sure your insurance coverage reflects annual mileage. Having the wrong rating on your M-Class can result in significantly higher rates.
• Job impacts prices – Did you know your insurance rates can be affected by your occupation? Occupations like fire fighters, architects and financial analysts are shown to have the highest average rates in part from high stress and incredibly demanding work hours. On the flip side, jobs like scientists, athletes and the unemployed have lower than average premiums on M-Class insurance.
• Do you know your physical damage deductibles? – The deductibles are the amount of money you are required to spend out-of-pocket if a covered claim is submitted. Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your car. Some coverage claims are a windshield broken by a bird, vandalism, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be on M-Class insurance.
• Accidents inflate costs – Your driving record has a lot to do with how much you pay for insurance. Attentive drivers get better prices as compared to careless drivers. Just one ticket can bump up the cost by as much as thirty percent. People who have careless citations such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to maintain a SR-22 with their state’s department of motor vehicles in order to legally drive.
• Guys pay more for auto insurance – Over time, data shows women tend to be less risk to insure than men. The data does not necessarily mean that females are better at driving than males. Men and women are responsible for fender benders at a similar rate, but guys get into accidents with more damage. Not only are claims higher, but men receive more major tickets such as DWI and reckless driving. Young males are the most expensive to insure and therefore have the most expensive insurance rates.
• Being married can lower premiums – Having a spouse actually saves money on your policy. Having a spouse generally demonstrates drivers are less irresponsible and insurance companies like that married couples file fewer claims.

Take advantage of every insurance discount

Insurance can be pricey, but there could be available discounts that you may not even know about. Larger premium reductions will be automatically applied at the time of quoting, but some must be inquired about in order for you to get them. If you don’t get every credit possible, you are just wasting money.

• Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt may be able to save a few bucks on the medical payments or PIP coverage costs.
• Accident Waiver – This isn’t a discount exactly, but companies like State Farm and Progressive permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
• E-sign – Many larger companies will give you a small discount simply for signing digitally online.
• Theft Prevention Discount – Cars equipped with anti-theft or alarm systems are less likely to be stolen and will qualify for a discount on a auto insurance quote.
• Active Military Service – Being on active duty in the military could be rewarded with lower prices.
• Driver Education Discount – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if it’s offered in school.
• Driver Training Discounts – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
• Air Bags and Passive Restraints – Options like air bags can receive discounts of 20% or more.
• Senior Citizen Discount – Seniors could receive better insurance rates on M-Class insurance.
• Discount for Life Insurance – If the company offers life insurance, you could get a small discount if you purchase life insurance from them.

As is typical with insurance, most discounts do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will definitely reduce your policy premium.

If you would like to see a list of companies with discount insurance rates, click this link.

How to know if you need help

When buying the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so your insurance needs to address that. These are some specific questions may help you determine whether you would benefit from an agent’s advice.

• Does insurance cover tools stolen from my truck?
• Does having multiple vehicles earn me a discount?
• What if I don’t agree with a claim settlement offer?
• How much liability do I need to cover my assets?
• What is the rate difference between pleasure use and commuting?
• Is my nanny covered when driving my vehicle?
• How do I insure my teen driver?
• Do I need higher collision deductibles?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Auto insurance specifics

Having a good grasp of your auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types available from auto insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for bills for things like prosthetic devices, dental work, surgery, rehabilitation expenses and nursing services. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision – Collision coverage will pay to fix damage to your M-Class caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, sustaining damage from a pot hole, hitting a parking meter and crashing into a ditch. 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.

Liability coverage – This provides protection from injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different 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 a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like structural damage, emergency aid, bail bonds and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive coverages – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a broken windshield, theft, hitting a deer, damage from getting keyed and a tree branch falling on your vehicle. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Mercedes-Benz M-Class.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Buy Smart and Save

We just showed you many ways to save on 2003 Mercedes-Benz M-Class insurance. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the best premium rates are with the smaller companies. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

Cheaper insurance is attainable on the web as well as from independent agents, so you need to shop auto insurance with both to have the best chance of lowering rates. There are still a few companies who may not have online price quotes and many times these smaller providers prefer to sell through independent insurance agencies.

Helpful information

• Get the Right Protection (InsureUonline.org)
• Prom Night Tips for Teen Drivers (State Farm)
• Auto Theft Statistics (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Red Light Cameras (State Farm)