Are you a victim of high-priced auto insurance? Believe me when I say you’re not alone. Multiple car insurance companies compete to insure your vehicles, so it’s not easy to compare every company to discover the definitive best price available.
Consumers should take time to compare prices at least once a year since insurance rates are rarely the same from one policy term to another. Just because you found the best deal for ML55 AMG insurance last year there is a good chance you can find better rates now. Starting right now, forget all the misinformation about auto insurance because I’m going to teach you the only way to save money, get proper coverage and the best rates.
If you are insured now or need new coverage, you can use these tips to shop for the lowest rates and possibly find even better coverage. Finding the best rates is not that difficult. Drivers just need to understand the most effective way to buy auto insurance online.
How to Compare Auto Insurance Rates
Most companies quote price estimates directly from their websites. The process is pretty easy as you simply enter your required coverages into a form. Behind the scenes, the company’s rating system will order your driving record and credit report and generates pricing information determined by many factors. Being able to quote online streamlines rate comparisons, but having to visit multiple sites and enter the same data into a form is monotonous and tiresome. Unfortunately, it is important to perform this step in order to find the lowest auto insurance rates.
An easier way to find lower prices requires only one form to obtain quotes from more than one company. The form is fast, reduces the work, and makes online price comparison much more enjoyable. Immediately after submitting the form, it gets priced with multiple companies and you can pick any one of the returned quotes.
If the quotes result in lower rates, you can click and sign and buy the policy. The entire process takes 15 minutes at the most and you will know how your current rates stack up.
To quickly compare pricing, click here to open in new window and enter your information. If you have your current policy handy, we recommend you duplicate the coverages as shown on your current policy. Doing this assures you will be getting a rate comparison for exact coverage.
Cut your premium with these nine discounts
Car insurance can cost a lot, but there could be available discounts that many people don’t even know exist. Some discounts apply automatically when you purchase, but a few must be specially asked for prior to receiving the credit. If you don’t get every credit you qualify for, you’re just leaving money on the table.
- Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
- Fewer Miles Equal More Savings – Keeping the miles down on your Mercedes-Benz could be rewarded with lower rates on the low mileage vehicles.
- Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts up to age 25.
- Early Signing – A few companies offer discounts for buying a policy prior to your current policy expiring. This can save 10% or more.
- Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
- Passive Restraints – Vehicles with factory air bags can get savings of 20% or more.
- Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums for ML55 AMG insurance.
- Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.
- Drive Safe and Save – Insureds without accidents can get discounts for up to 45% lower rates for ML55 AMG insurance than less cautious drivers.
Drivers should understand that most credits do not apply to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce the cost of coverage.
To choose insurers who offer auto insurance discounts, click here to view.
Save $394 a year. For real?
Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as Allstate, GEICO and Progressive. All the ads make the same claim that you’ll save big if you move your policy.
How does each company make almost identical claims?
All companies are able to cherry pick for the driver that earns them a profit. A good example of a desirable insured could possibly be over the age of 40, insures multiple vehicles, and has a high credit rating. A driver that hits that “sweet spot” is entitled to the best price and therefore will save when they switch companies.
Consumers who do not match this ideal profile will be charged higher premiums and this can result in business not being written. The ad wording is “people who switch” but not “drivers who get quotes” save money. That is how insurance companies can confidently claim big savings.
That is why drivers should quote coverage with many companies. It is impossible to predict which company will fit your personal profile best.
Information about specific coverages
Knowing the specifics of your auto insurance policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages available from auto insurance companies.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for bills like dental work, rehabilitation expenses and ambulance fees. They can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Mercedes-Benz ML55 AMG.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Comprehensive coverage – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like damage from getting keyed, hitting a deer, hail damage, a broken windshield and theft. The highest amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability coverages – This protects you from damage or injury you incur to a person or their property. This coverage protects you from legal claims by others, and does not provide coverage for 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. Your policy might show liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage protects against claims like medical expenses, structural damage, legal defense fees, attorney fees and court costs. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.
Collision coverage – This coverage pays for damage to your ML55 AMG resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for things such as hitting a mailbox, colliding with a tree, crashing into a ditch, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.
One last thing
When you buy insurance online, don’t be tempted to buy less coverage just to save a little money. Too many times, someone sacrificed uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your focus should be to get the best coverage possible for the lowest price, not the least amount of coverage.
Affordable Mercedes-Benz ML55 AMG insurance is available from both online companies as well as from independent agents, so you should compare both so you have a total pricing picture. Some insurance providers don’t offer online quoting and usually these smaller companies provide coverage only through local independent agents.
