No sane person likes having to buy auto insurance, especially when they know they are paying too much. There are many insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, it makes it harder to locate the cheapest rates.
Drivers save money with with these discounts
Companies don’t always advertise their entire list of discounts very well, so the next list breaks down both the well known and the more hidden credits that may apply to you.
- Responsible Drivers – Accident-free drivers can save up to 40% or more on their for CLK550 insurance than drivers with accidents.
- Bundle and Save – If you insure your home and vehicles and insure them with the same company you may save nearly 15% which can help you find .
- Smart Student Discounts – A discount for being a good student may save you up to 25%. You can use this discount normally up until you turn 25.
- Military Deployment Discount – Having a family member in the military could mean lower premium rates.
- Mature Driver Discount – Mature drivers are able to get a small decrease in premiums for CLK550 insurance.
- Discounts for Government Workers – Active or retired federal employment could provide a small rate reduction for CLK550 insurance with some auto insurance companies.
- Drivers Education – It’s a good idea to have your young drivers take driver’s ed class in school.
- Theft Deterent Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and will save you 10% or more.
- Paperless Signup – A handful of companies give back up to $50 for signing up on the internet.
You should keep in mind that most credits do not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you can get free auto insurance, you won’t be that lucky.
A few popular companies and a partial list of their discounts are included below.
- The Hartford includes discounts for driver training, good student, anti-theft, air bag, and defensive driver.
- American Family has savings for defensive driver, early bird, TimeAway discount, Steer into Savings, and air bags.
- Progressive has discounts for online signing, continuous coverage, homeowner, multi-vehicle, online quote discount, and good student.
- Travelers offers discounts for driver training, new car, hybrid/electric vehicle, multi-car, early quote, and home ownership.
- Farmers Insurance policyholders can earn discounts including homeowner, electronic funds transfer, bundle discounts, teen driver, mature driver, and business and professional.
- USAA may offer discounts for multi-policy, driver training, military installation, good student, and annual mileage.
- Liberty Mutual may include discounts for new move discount, new vehicle discount, multi-car, preferred payment discount, and safety features.
It’s a good idea to ask all companies you are considering which discounts they offer. Savings may not be offered in your area. If you would like to choose from a list of insurance companies that offer the discounts shown above, click here.
Finding cheap Mercedes-Benz CLK550 auto insurance rates is actually quite simple. You just need to take time comparing rate quotes from different insurance companies. Comparing prices online can be done in a couple of different ways.
- The most recommended method to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This form eliminates the need for repetitive form submissions to each individual auto insurance company. A single form gets insurance cost estimates direct from many companies.
- A more time consuming way to obtain and compare quotes online requires a trip to each individual company website and fill out their own quote form. For examples sake, we’ll assume you need rates from Farmers, GEICO and Allstate. In order to get each rate, you would have to spend time going to each site individually and punch in your information repeatedly, which is why first method is reommended. For a handy list of car insurance company links in your area, click here.
However you get your quotes, make sure you use exactly the same coverage limits on every quote. If you have different data it will be next to impossible to determine which rate is truly the best.
How Insurance Companies Calculate Mercedes-Benz CLK550 Insurance Premiums
One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that help calculate the price you pay for auto insurance. When you know what positively or negatively determines base rates, this helps enable you to make changes that could help you find lower premium levels.
The following are some of the major factors auto insurance companies consider when setting your prices.
- Traffic violations mean higher premiums – Careful drivers have lower premiums than people who have multiple driving citations. Getting just one chargable violation could increase your next policy renewal to the point where it’s not affordable. Drivers unfortunate enough to have flagrant citations such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to keep their license.
- Small coverages can add up – There are many add-on coverages that may not really be needed if you aren’t careful. Coverage for things like coverage for rental cars, towing, and Farm Bureau memberships could be just wasting money. These may sound like a good investment when buying your policy, but your needs may have changed so get rid of them and save.
- Higher premiums for auto insurance lapses – Allowing your auto insurance policy to lapse will be a quick way to trigger a rate increase. And not only will your rates increase, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.
- Credit rating impact auto insurance premiums – Having a bad credit score is a big factor in determining what you pay. Drivers who have very good credit scores tend to be better risks to insure than drivers with bad credit. If your credit rating leaves room for improvement, you could pay less to insure your Mercedes-Benz CLK550 if you improve your credit rating.
- GPS tracking and theft deterrents systems cut rates – Choosing to buy a car with anti-theft technology or alarm system can earn a premium discount. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping vehicle theft.
Online plus local equals savings
Low-cost Mercedes-Benz CLK550 insurance can be purchased on the web as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers may not provide price quotes online and many times these regional insurance providers prefer to sell through local independent agencies.
While you’re price shopping online, make sure you don’t sacrifice coverage to reduce premiums. In many instances, an insured dropped collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at the best possible price.
We’ve covered some good ideas how you can reduce Mercedes-Benz CLK550 insurance rates online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even find the lowest priced auto insurance comes from the smaller companies. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm, GEICO and Nationwide.
