Are you sick and tired of scraping the payment together to insure your Mercedes-Benz every month? You are no different than most other car owners. Numerous insurers battle for your insurance dollar, so it’s not easy to compare every company to find the lowest cost out there.
Lower rates by qualifying for discounts
Companies do not advertise all their discounts in an easy-to-find place, so we took the time to find some of the best known as well as the least known car insurance savings. If they aren’t giving you every credit you deserve, you are throwing money away.
- Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
- Discount for Good Grades – This discount can save 20 to 25%. The discount lasts up until you turn 25.
- Accident Forgiveness – A handful of insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.
- Discount for Swiching Early – A few companies offer discounts for switching policies prior to your current policy expiring. The savings is around 10%.
- Resident Student – Youth drivers who live away from home without a vehicle on campus can be insured at a reduced rate.
- Payment Method – By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
- Passive Restraint Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
Keep in mind that most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.
For a list of providers who offer car insurance discounts, click this link.
Comprehensive Car Insurance Comparison
Comparing car insurance rates can be a daunting task if you don’t utilize the most efficient way to do it. You can spend your afternoon driving to local insurance agents in your area, or you could save time and use online quoting to get pricing more quickly.
Many popular insurance companies belong to a marketplace where prospective buyers send in one quote, and each company returns a rated price. This prevents consumers from doing quotation requests for every car insurance company.
To compare pricing click here (opens in new window).
The one disadvantage to using this type of form is you are unable to specify the providers to get pricing from. If you would rather choose specific providers to compare, we have a listing of low cost car insurance companies in your area. Click here to view list.
Whichever method you choose, make sure you use the exact same coverages with every price quote. If you have different limits and deductibles on each one then you won’t be able to find the best deal for your Mercedes-Benz ML550.
Factors that might impact rates for a Mercedes-Benz ML550
Smart consumers have a good feel for the factors that play a part in calculating car insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with lower car insurance prices.
- Being married is a good thing – Being married can get you a discount when buying car insurance. Having a significant other translates into being more mature and it’s statistically proven that married drivers get in fewer accidents.
- Your car’s features help determine rates – Purchasing a vehicle with a theft deterrent system can get you a discount on your car insurance. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
- High numbers of claims are not good – Car insurance companies provide cheaper rates to policyholders who file claims infrequently. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for larger claims.
- Lower rates come with age – Older insureds tend to be more responsible, statistically cause fewer accidents and receive fewer citations. Teen drivers are statistically proven to be more careless when behind the wheel and because of this, their car insurance rates are much higher.
- Never allow your policy to lapse – Having an insurance coverage lapse is a quick way to bump up your car insurance costs. And not only will your rates increase, but being ticketed for driving with no insurance will get you a license revocation or jail time.You may need to file a SR-22 with your state DMV.
- High performance equals high price – The make and model of the vehicle you own makes a big difference in your rates. The cheapest insurance rates are generally reserved for small economy passenger models, but there are many factors that impact the final cost. Because the Mercedes-Benz ML550 is a luxury SUV, insuring your vehicle will cost substantially more in price as compared to the average rate.
- High crash test scores lower rates – Cars with high safety ratings get lower rates. Safer cars protect occupants better and better occupant protection means lower claim amounts passed on to you as lower rates. If your Mercedes-Benz ML550 scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
Car insurance is unique, just like you
When it comes to choosing the right insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions could help you determine if your insurance needs would benefit from an agent’s advice.
- How high should my medical payments coverage be?
- Does my insurance cover a custom paint job?
- Do I benefit by insuring my home with the same company?
- What happens if I owe more than my Mercedes-Benz ML550 is worth?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Do I qualify for additional discounts?
- Is my babysitter covered when using my vehicle?
If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
More comparisons equals lower rates
We just presented many tips how you can get a better price on Mercedes-Benz ML550 insurance. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower rates compared to the large companies like Progressive or GEICO.
As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. There are too many instances where an insured cut physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage at the best price while still protecting your assets.
