Lower Your 2006 Mercedes-Benz M-Class Insurance Rates

Searching for lower car insurance rates for your Mercedes-Benz M-Class? Do you get frustrated by the wide range of car insurance companies? Many other drivers are as well. You have so many choices that it can quickly become hard work to find the best prices.

You should take the time to price shop coverage quite often because rates are variable and change quite frequently. If you had the best premium rates for M-Class coverage on your last policy the chances are good that you can find a lower price today. You can search a lot of car insurance on the web, but in this article, you’re going to get a lot of great tips on how to find affordable car insurance.

This article will help educate you on how car insurance quotes work and some tricks to saving. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. Nevertheless, car owners do need to understand how the larger insurance companies market on the web.

Which insurance is cheapest?

There are several ways to compare insurance prices but there is one way that is more efficient than others. You can waste a lot of time talking to local insurance agents in your area, or you can stay home and use online quotes to get rates in a matter of minutes.

Most major companies participate in a marketplace where prospective buyers submit one quote, and every company returns a competitive quote based on that information. This system prevents you from having to do quotation requests to each individual insurance company.

To compare rates now click here (opens in new window).

The one disadvantage to getting quotes like this is you are unable to specify the companies you want pricing from. If you would rather choose specific insurance companies to compare, we have a page of companies who write insurance in your area. Click to view list.

It’s up to you how you get prices quotes, just make sure you use equivalent deductibles and coverage limits for each quote you get. If each company quotes different coverage information it’s not possible to make a fair comparison for your Mercedes-Benz M-Class. Just slight variations in coverage limits can mean a large discrepancy in price. Keep in mind that more quotes will increase your chances of finding a better price.

Pay discount rates with these discounts

Not too many consumers would say insurance is affordable, but discounts can save money and there are some available to reduce the price significantly. A few discounts will be applied at the time you complete a quote, but some need to be requested specifically prior to receiving the credit.

  • Driving Data Discount – Policyholders that allow their insurance company to track driving manner by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if their driving habits are good.
  • Homeowners Pay Less – Just being a homeowner can save you money because maintaining a house shows financial diligence.
  • Accident-Free Discounts – Drivers who stay claim-free can save substantially as opposed to frequent claim filers.
  • Discount for New Cars – Adding a new car to your policy can save you some money compared to insuring an older model.
  • E-sign Discounts</strong – Some larger companies will discount your bill up to fifty bucks simply for signing digitally online.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. If you do the math and it seems like you could get a free insurance policy, it’s just not the way it works.

Companies and a summarized list of policyholder discounts are detailed below.

  • Esurance offers discounts for Pac-12 alumni, paid-in-full, anti-theft, DriveSense, Switch & Save, and online shopper.
  • The Hartford may have discounts that include good student, anti-theft, vehicle fuel type, driver training, and defensive driver.
  • AAA has savings for AAA membership discount, good driver, multi-policy, education and occupation, and multi-car.
  • Geico policyholders can earn discounts including good student, air bags, membership and employees, daytime running lights, multi-policy, and emergency military deployment.
  • State Farm has discounts for Steer Clear safe driver discount, safe vehicle, good driver, passive restraint, good student, driver’s education, and accident-free.

When getting free insurance quotes, it’s a good idea to each company or agent which discounts can lower your rates. Some discounts listed above might not apply in your state. To locate insurance companies that offer some of these discounts, click this link.

Insurance rates are influenced by these factors

One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that are used to determine your premiums. If you have a feel for what determines base rates, this empowers consumers to make smart changes that may result in lower rates.

The following are a few of the “ingredients” insurance companies consider when setting your rate level.

  • Marriage is a factor – Walking down the aisle may cut your premiums on your insurance policy. Having a spouse translates into being less irresponsible and statistics prove married drivers get in fewer accidents.
  • Do you know you’re credit rating? – Your credit score is a big factor in determining premium rates. Therefore, if your credit history is low, you could save money insuring your 2006 Mercedes-Benz M-Class by improving your credit score. Insureds that have good credit tend to be better risks to insure than drivers with lower credit scores.
  • Driving citations hurt – How you drive has a lot to do with how much you pay for insurance. Drivers with clean records get better prices as compared to those with violations. Even a single speeding ticket can increase rates twenty percent or more. Drivers who have flagrant tickets like reckless driving, hit and run or driving under the influence may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to legally drive a vehicle.
  • Never let your insurance policy lapse – Not having insurance is not a good idea and companies may charge more for letting your coverage cancel without a new policy in place. Not only will you pay more, getting caught without coverage may result in a revoked license or a big fine. Then you may be required to file a SR-22 with your state department of motor vehicles.
  • Your employer and insurance rates – Do you work in a high-stress field? Jobs such as fire fightersairline pilots and emergency personnel generally have higher rates than the rest of us because of intense work requirements and lengthy work days. Other jobs such as professors, historians and homemakers have lower than average premiums for M-Class coverage.
  • Avoid unnecessary extra coverages – Insurance companies have many additional coverages you can purchase on your insurance policy. Coverage for things like rental car coverage, towing, and additional equipment coverage could be just wasting money. These coverages may sound good at first, but if you have no use for them remove them from your policy.
  • Where you call home can modify costs – Living in small towns and rural areas has definite advantages when shopping for auto insurance. People who live in big cities tend to have more aggressive driving styles and higher rates of accident claims. Lower population translates into fewer accident claims and lower theft and vandalism rates.
  • Reduce premiums by driving safer cars – Cars with high safety ratings can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates means less money paid by your insurance company which can result in lower premiums. If your Mercedes-Benz M-Class earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.

Your situation helps dictate your coverage

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might help in determining whether your personal situation will benefit from professional help.

  • Which companies will insure high-risk drivers?
  • How can I get high-risk coverage after a DUI?
  • Do I need an umbrella policy?
  • Is pleasure use cheaper than using my 2006 Mercedes-Benz M-Class to commute?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does having multiple vehicles earn me a discount?
  • Should I buy more coverage than the required minimum liability coverage?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Save 15 percent in 15 minutes? Is it for real?

Big name companies like Geico, State Farm and Progressive consistently run television and radio advertisements. They all seem to tend to make the same promise that people will save just by switching your policy. It sounds good, but how can they all offer you a better deal? It’s all in the numbers.

Insurance companies give the cheapest rates for the type of driver that earns them a profit. A good example of a desirable insured might have to be a female over age 40, has a clean driving record, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile gets the lowest premium rates and is almost guaranteed to save when they switch companies.

Insureds who may not quite match these stringent criteria may be forced to pay higher prices which leads to the prospect going elsewhere. If you pay close attention to the ads, they say “drivers who switch” not “everyone who quotes” save that much money. That’s the way companies can claim big savings.

This really illustrates why it is so important to get as many free insurance quotes as possible. You cannot predict which company will fit your personal profile best.

Car insurance 101

Knowing the specifics of a car insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive coverages – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hitting a deer, a tree branch falling on your vehicle, rock chips in glass and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto liability insurance – This coverage protects you from injuries or damage you cause to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like emergency aid, bail bonds and structural damage. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for expenses for X-ray expenses, prosthetic devices, EMT expenses, dental work and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision coverages – Collision coverage covers damage to your M-Class resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as scraping a guard rail, sustaining damage from a pot hole, sideswiping another vehicle, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz M-Class.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

Be a penny pincher

Lower-priced 2006 Mercedes-Benz M-Class insurance can be sourced from both online companies in addition to many insurance agents, and you should be comparing both to have the best rate selection. Some companies do not offer the ability to get a quote online and usually these regional carriers only sell coverage through independent insurance agencies.

People who switch companies do it for a number of reasons such as lack of trust in their agent, high prices, high rates after DUI convictions or even questionable increases in premium. Regardless of your reason, switching companies is not as hard as you think.

You just read many ways to get a better price on 2006 Mercedes-Benz M-Class insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding affordable insurance. You may be surprised to find that the best rates are with a small mutual company.

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Comments About 2006 Mercedes-Benz M-Class Insurance

  1. Sigrid Clayton

    For me, Progressive was by far the cheapest in Allentown, Pennsylvania.

  2. Fernande Perez

    I found affordable 2006 Mercedes-Benz M-Class insurance from Allstate in North Charleston, South Carolina.

  3. Carter Donaldson

    I got a good deal I think. Checking in from San Jose, California. Quoted with Allstate, Eastwood, and Liberty Mutual for my M-Class and saved just over $360 a year. Highly recommended.

  4. Jim Chavez

    All companies are crooks. Lifelong resident of Norman, OK. Compared quite a few companies. Saved right around $50 a month. Allstate was the most affordable for me. I think they have home insurance too. Not sure if rates are cheaper online or not.

  5. Raquel Walters

    Corporate greed I’m telling you. From northwest of Davenport, IA. Quoted with Safeco, Esurance, Allstate, and Amica for my 2006 Mercedes-Benz M-Class and saved just over $360 a year. Insured with Western Auto Insurance before.

  6. Laureen Clarke

    It’s all a rip off. I’m in the north part of Manchester, New Hampshire. Don’t remember every company but I ended up saving about $30 each month. Can still barely afford it.

  7. Stacey Lara

    Anyone find cheap rates around Rochester, MN?

  8. Jeannette Dotson

    Well-written and thought out article. I live in a small town just outside of Seattle, Washington. Got quotes from AAA, Safeco, and a few others for my 2006 Mercedes-Benz M-Class and I think I cut my rates about $50 each month. Insured with AAA before. I get a discount for insuring multiple vehicles.

  9. Florene Dixon

    What exactly does liability cover?

  10. Elsa Randall

    I got a good deal I think. Located in Lewiston, ME. Quoted quotes from GMAC, Amica, Safeco, and a couple others for my M-Class and saved just over $460 a year. Insured with Mercury before. A clean driving record helps. Not sure if rates are cheaper online or through an agent.

  11. Tiffanie Sherman

    It’s all a rip off. Live in Great Falls, MT. Got quotes with Sentry, Esurance, GEICO, and American Family for my M-Class and I think I am saving around $30 each month. Thankfully I’m not a high risk driver.