Locating cheaper insurance for a Mercedes-Benz GL550 can turn out to be a painful process, but you can use a few tricks to save time.
There is a better way to buy car insurance so you’re going to learn the best way to quote coverages for a new or used Mercedes-Benz and obtain the cheapest rates from local insurance agents and online providers.
It is always a good idea to compare rates occasionally because prices are rarely the same from one policy term to another. Even if you got the best deal on GL550 coverage a few years ago the chances are good that you can find a lower rate today. So just forget anything you know (or think you know) about car insurance because you’re about to learn the fastest and easiest way to remove unneeded coverages and save money.
If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these tips. Finding the lowest cost coverage is not that difficult. But drivers benefit from understanding how the larger insurance companies determine prices.
Comparison of Car Insurance
Shopping for lower car insurance rates is a ton of work if you aren’t aware of the easiest way. You could spend your day talking to agents in your area, or you could save time and use online quotes to get pricing more quickly.
Many of the larger companies belong to a marketplace that allows shoppers to only type in their quote data once, and each company returns a rated price for coverage. This saves time by eliminating repetitive form submissions to each individual car insurance company. To compare rates now click to open in new window.
One minor caviat to using this type of system is you can’t choose which insurance companies to receive prices from. So if you want to choose specific insurance companies for rate comparison, we have a listing of car insurance companies in your area. Click here to view list.
It’s up to you which method you use, but make absolute certain that you use apples-to-apples coverage information for each price quote. If you use different limits and deductibles on each one you will not be able to make an equal comparison. Quoting even small variations in limits could mean much higher rates. And when comparison shopping, more quotes will increase your chances of finding better pricing.
Save $476 a year? Really?
Car insurance providers like State Farm and Allstate regularly use television and radio advertisements. They all say the same thing about savings if you move to their company. How does each company make the same claim? This is how they do it.
All the different companies can use profiling for the type of customer that is profitable for them. For instance, a desirable insured could be between 30 and 50, has no driving citations, and drives less than 10,000 miles a year. A propective insured that hits that “sweet spot” gets the lowest rates and as a result will probably pay quite a bit less when switching companies.
Consumers who don’t qualify for the requirements will be quoted more money which usually ends up with business going elsewhere. The ads state “people who switch” but not “drivers who get quotes” save that much. That is how companies can truthfully make those claims.
This emphasizes why drivers must quote coverage with many companies. It’s impossible to know which insurance companies will fit your personal profile best.
These discounts can lower your rates
Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Some discounts apply automatically at the time of purchase, but a few need to be specifically requested before they will apply.
- Good Student – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
- Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on GL550 coverage with a few car insurance companies.
- Student Driver Training – Have your child complete a driver education course if offered at their school.
- Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
- New Car Discount – Insuring a new car can save up to 30% compared to insuring an older model.
- Organization Discounts – Being a member of certain professional organizations may earn a discount when buying car insurance on GL550 coverage.
- Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on GL550 coverage than their less cautious counterparts.
- Payment Discounts – By paying your policy upfront rather than paying monthly you could save up to 5%.
- Defensive Driver – Completing a course in driver safety could cut 5% off your bill depending on where you live.
- Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.
A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates you can get free auto insurance, car insurance companies aren’t that generous. Any qualifying discounts will bring down the amount you have to pay.
Different people need different coverages
When it comes to choosing the best car insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique.
For example, these questions might point out whether or not you could use an agent’s help.
- Do I qualify for additional discounts?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Should I put collision coverage on all my vehicles?
- Do I need PIP (personal injury protection) coverage in my state?
- Is my babysitter covered when using my vehicle?
- When should I not file a claim?
- What is high-risk coverage and where do I buy it?
- At what point should I drop full coverage?
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.
Best coverage at the best price
Cost effective Mercedes-Benz GL550 insurance can be purchased online and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some car insurance companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
In this article, we presented a lot of information how to lower your Mercedes-Benz GL550 insurance rates. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the best prices are with a small local company.
Insureds who switch companies do it for a variety of reasons including poor customer service, not issuing a premium refund, delays in paying claims and even high prices. Regardless of your reason, finding a great new company can be less work than you think.
