Having to pay for pricey Mercedes-Benz ML500 insurance can drain your bank account and force you to make sacrifices. Shopping your coverage around is recommended to slash your bill and have more diposable income.
Due to the increasing number of companies and agents to choose from, it can be impossible to locate a more affordable car insurance provider.
Finding the best rates is not rocket science. If you currently have car insurance, you will most likely be able to reduce your rates substantially using these methods. Drivers just need to understand the most efficient way to compare price quotes on the web.
The method we recommend to compare car insurance rates is to understand auto insurance companies will pay a fee to compare their rates. All consumers are required to do is spend a couple of minutes providing details including if it has an alarm system, your credit rating estimate, if you are currently licensed, and whether your vehicle is owned or leased. Your details is then submitted to multiple top-rated companies and they respond with quotes very quickly.
If you would like to compare rates now, click here and complete the form.
Double check you’re getting these ten money-saving discounts
Companies don’t always list every policy discount very well, so the next list breaks down both well-publicized and also the more inconspicuous ways to save on car insurance.
- Discounts for Safe Drivers – Drivers who avoid accidents can save as much as half off their rates on ML500 coverage than less cautious drivers.
- Save with a New Car – Putting insurance coverage on a new car can save up to 30% because new model year vehicles keep occupants safer.
- Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off the PIP or medical payment premium.
- Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums on ML500 coverage.
- Military Rewards – Being on active duty in the military could mean lower premium rates.
- Telematics Devices – Drivers that enable their insurance company to spy on driving patterns by using a small device installed in their vehicle like Allstate’s Drivewise might get better premium rates if they have good driving habits.
- Federal Government Employee – Active or retired federal employment could qualify for a slight premium decrease on ML500 coverage depending on your car insurance provider.
- Theft Deterent – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and earn discounts up to 10% off your .
- Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems could see savings as much as 30%.
- Discount for Multiple Policies – If you have multiple policies with the same company they may give you a discount of nearly 15% which can help you find .
Keep in mind that some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think adding up those discounts means a free policy, it’s just not the way it works.
The best car insurance companies and some of the discounts are shown below.
- GEICO has discounts for membership and employees, multi-policy, air bags, seat belt use, and good student.
- MetLife offers premium reductions for multi-policy, defensive driver, good student, claim-free, and good driver.
- Progressive offers discounts for multi-vehicle, online quote discount, good student, continuous coverage, homeowner, and multi-policy.
- Travelers may offer discounts for save driver, multi-policy, early quote, student away at school, and payment discounts.
- SAFECO policyholders can earn discounts including accident prevention training, anti-lock brakes, teen safety rewards, bundle discounts, safe driver, drive less, and teen safe driver.
- AAA offers discounts including multi-car, multi-policy, good driver, anti-theft, AAA membership discount, pay-in-full, and education and occupation.
When comparing rates, check with all the companies what discounts are available to you. All car insurance discounts might not apply in every state. If you would like to see a list of insurance companies with significant discounts, click this link.
Captive versus independent auto insurance agents
Some consumers just prefer to buy from a local agent and that is recommended in a lot of cases Professional insurance agents can help you choose the best coverages and give you someone to call. The biggest benefit of getting free rate quotes online is you can get cheap car insurance quotes and also buy local.
To find an agent, once you fill out this short form, your information is instantly submitted to local insurance agents who will give you bids to get your business. It simplifies rate comparisons since you won’t have to even leave your home since price quotes are sent directly to you. If you need to get a price quote from a particular provider, you would need to search and find their rate quote page and submit a quote form there.
Deciding on an insurer should include more criteria than just a low price. Here are some questions you might want to ask.
- Does the agent have a valid license to sell insurance in your state?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Will they take your side in the event of a claim?
- Will a damage claim use OEM or aftermarket replacement parts?
- Can you get a list of referrals?
- What are their preferred companies if they are an independent agency?
- Will the quote change when the policy is issued?
If you wish to find an insurance agent in your area, view this page of car insurance providers near you.
Once you have received positive feedback to all your questions and an affordable coverage quote, most likely you have located an insurance company that can adequately provide car insurance.
Car insurance coverage information
Learning about specific coverages of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from car insurance companies.
Protection from uninsured/underinsured drivers – This protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your Mercedes-Benz ML500.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.
Collision coverages – This pays for damage to your ML500 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision insurance covers things such as crashing into a building, colliding with a tree, colliding with another moving vehicle, hitting a parking meter and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Medical expense insurance – Coverage for medical payments and/or PIP kick in for immediate expenses like funeral costs, prosthetic devices, X-ray expenses, chiropractic care and hospital visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Liability auto insurance – This coverage will cover damage or injury you incur to people or other property in an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits 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.
Liability can pay for things such as attorney fees, loss of income, repair costs for stationary objects, funeral expenses and emergency aid. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.
Comprehensive (Other than Collision) – This covers 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 falling objects, a broken windshield, damage from getting keyed, vandalism and hitting a bird. The maximum amount a car 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 removing comprehensive coverage.
In conclusion
Some insurance providers do not offer rate quotes online and many times these smaller providers sell through independent insurance agents. Cheaper Mercedes-Benz ML500 insurance is attainable both online and from local agencies, and you should compare rates from both to have the best chance of lowering rates.
When you , don’t be tempted to skimp on coverage in order to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage and learned later that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the lowest possible cost while still protecting your assets.
