Consumers have many options when looking for low-cost Mercedes-Benz ML350 insurance. They can either waste time calling around to get rate comparisons or utilize the internet to make rate comparisons. There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the proper way to price shop coverage for a new or used Mercedes-Benz and obtain the best price possible.
Smart consumers take time to take a look at other company’s rates at least once a year due to the fact that insurance rates are rarely the same from one policy term to another. Even if you think you had the best price for ML350 coverage last year the chances are good that you can find a lower rate today. Don’t believe everything you read about auto insurance on the web, but I’m going to show you some excellent ideas to buy auto insurance cheaper.
If you currently have a car insurance policy, you should be able to save some money using these techniques. The purpose of this article is to familiarize you with how to get online quotes and some tips to save money. But consumers must comprehend how the larger insurance companies sell insurance online and apply this information to your search.
Free Quotes for Auto Insurance
The are a couple different ways of comparing price quotes from local auto insurance companies. The easiest way to find competitive Mercedes-Benz ML350 insurance rates is to perform an online rate comparison. This can be done in several different ways.
- The recommended way to get quotes is a comparison rater form like this one (opens in new window). This easy form saves time by eliminating separate forms for each company you want a rate for. Just one form gets rate comparisons from several companies. This is perfect if you don’t have a lot of time.
- A slightly less efficient method to obtain and compare quotes online requires visiting the website for each individual company to complete their respective quote request forms. For sake of this example, let’s assume you want to compare rates from Liberty Mutual, 21st Century and Allstate. To find out each rate you need to go to every website and enter your policy data, and that’s why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
It’s your choice how you get your quotes, but double check that you are using the exact same coverage information for every quote you compare. If each company quotes higher or lower deductibles you will not be able to find the best deal for your Mercedes-Benz ML350. Slightly different insurance coverages can make a big difference in price. And when comparison shopping, comparing more company’s prices helps you find lower pricing.
Save $400 a year. For real?
Auto insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads in print and on television. They all seem to say the same thing that you’ll save big if you change to them. How can each company make the same claim? It’s all in the numbers.
Insurance companies are able to cherry pick for the type of customer that earns them a profit. A good example of a driver they prefer might be profiled as a mature driver, has no tickets, and drives newer vehicles. A customer who matches those parameters gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.
Drivers who don’t measure up to the requirements must pay more money which leads to the customer not buying. The ad wording is “customers who switch” not “everyone that quotes” save that much. That’s the way insurance companies can advertise the savings. This illustrates why it is so important to get a wide range of price quotes. You cannot predict which insurance companies will have the lowest rates.
Take these nine discounts and save
Car insurance companies do not advertise every discount in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden auto insurance savings.
- Multiple Cars – Insuring all your vehicles on the same auto insurance policy can get a discount on all vehicles.
- No Claims – Drivers who don’t have accidents pay much less when compared with drivers who are more careless.
- Low Mileage – Fewer annual miles on your Mercedes-Benz can qualify you for lower rates on the low mileage vehicles.
- Life Insurance – Select insurance companies reward you with a discount if you purchase life insurance.
- Passive Restraints and Air Bags – Factory air bags or automatic seat belts can get savings of 20% or more.
- Payment Method – If you pay your bill all at once rather than paying monthly you could save 5% or more.
- Anti-lock Brakes – Vehicles with anti-lock braking systems can reduce accidents and will save you 10% or more.
- Student Driver Training – Require your teen driver to take driver’s ed class in high school.
- Federal Employees – Simply working for the federal government can earn a discount up to 10% for ML350 coverage depending on your company.
As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most cut individual premiums such as comp or med pay. Just because you may think you can get free auto insurance, companies don’t profit that way.
To choose companies offering auto insurance discounts, click here.
Which policy gives me the best coverage?
When choosing coverage, there is no “best” method to buy coverage. Everyone’s needs are different.
Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Is a new car covered when I drive it off the dealer lot?
- Do I need roadside assistance coverage?
- Is pleasure use cheaper than using my Mercedes-Benz ML350 to commute?
- If my Mercedes-Benz ML350 is totaled, can I afford another vehicle?
- Do I need to file an SR-22 for a DUI in my state?
- Do I need higher deductibles?
- At what point should I drop full coverage?
- Who is covered when they drive my Mercedes-Benz ML350?
If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form.
Auto insurance coverages 101
Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.
Liability coverages
Liability insurance will cover injuries or damage you cause to a person or their property. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability coverage protects against claims such as structural damage, attorney fees, repair costs for stationary objects and loss of income. How much liability should you purchase? That is up to you, but buy as much as you can afford.
Comprehensive protection
This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like hail damage, damage from getting keyed, a broken windshield, vandalism and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured or underinsured coverage
This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz ML350.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Medical expense coverage
Medical payments and Personal Injury Protection insurance reimburse you for bills like prosthetic devices, hospital visits and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Collision coverage
Collision insurance will pay to fix damage to your ML350 resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as hitting a mailbox, sustaining damage from a pot hole, backing into a parked car and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.
A little work can save a LOT of money
We just presented a lot of ways to get a better price on Mercedes-Benz ML350 insurance. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the biggest savings come from a smaller regional carrier.
As you go through the steps to switch your coverage, never skimp on coverage in order to save money. Too many times, drivers have reduced liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at the best price.
People who switch companies do it for a variety of reasons including extreme rates for teen drivers, an unsatisfactory settlement offer, policy cancellation or not issuing a premium refund. Regardless of your reason, finding a new company is actually quite simple.
