Drivers have options when trying to find the lowest priced Mercedes-Benz CL500 insurance. They can either waste time struggling with agents trying to get quotes or leverage the internet to compare rates. There are more efficient ways to buy car insurance and you need to know the best way to get price quotes on a Mercedes-Benz and get the best price possible from both online companies and local agents.
Choosing the best insurance company for you is not that difficult. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. Consumers only need to know the proper methods to compare price quotes over the internet.
Don’t pay full price with these discounts
Companies that sell car insurance do not advertise every available discount very well, so we break down both the well known as well as the least known ways to save on car insurance. If you don’t get every credit available, you are paying more than you should be.
- Discount for New Cars – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
- Federal Government Employee – Active or retired federal employment may qualify you for a discount for CL500 insurance with a few car insurance companies.
- Seat Belt Usage – Requiring all passengers to use their safety belts can save up to 15% off your PIP or medical payments premium.
- Auto/Home Discount – When you have multiple policies with the same insurance company you may save up to 20% off your total premium.
- Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more for CL500 insurance than drivers with accident claims.
- Clubs and Organizations – Being a member of certain professional organizations may earn a discount on car insurance for CL500 insurance.
- Safety Course Discount – Taking a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
- Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. This discount can apply until age 25.
- Early Switch Discount – A few companies offer discounts for switching to them before your current expiration date. It’s a savings of about 10%.
- No Accidents – Claim-free drivers can save substantially as compared to bad drivers.
Keep in mind that most discount credits are not given to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. So when it seems like you can get free auto insurance, you won’t be that lucky.
To see a list of companies offering car insurance discounts, click this link.
Mercedes-Benz CL500 insurance rates can be determined by these details
It’s important that you understand the different types of things that help determine the price you pay for car insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that may reward you with better car insurance rates.
The following are a partial list of the pieces that factor into rates.
- Proper usage rating affects rates – The more you drive every year the higher your rates will be. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Cars left parked in the garage can get a lower rate compared to those used for work or business. An improperly rated CL500 may be costing you. Make sure your car insurance policy is rated on the correct driver usage, because it can save money.
- Marriage pays dividends – Having a spouse can actually save you money on your policy. Having a spouse is viewed as being more responsible and statistics show married couples file fewer claims.
- Bump up deductibles to save – Your deductibles represent how much money you are required to spend if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims are colliding with a building, damage caused by hail, and windstorm damage. The more you have to pay, the bigger discount you will receive for CL500 insurance.
- Theft deterrents lower rates – Driving a car with an alarm system can help bring down rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.
- More than one policy can earn a discount – Most insurance companies will give a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. This can amount to 10 percent or more. If you currently are using one company, it’s still a good idea to comparison shop to make sure you are getting the best deal.
- Males pay more for insurance – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. They both have accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations such as DWI and reckless driving. Teenage male drivers tend to get in the most accidents and thus pay the highest rates.
- Don’t let your coverage lapse – Allowing your car insurance policy to lapse is a guaranteed way to pay more for car insurance. And not only will your rates increase, failure to provide proof of insurance might get you a steep fine or even jail time.
- Better credit means lower rates – Your credit history is a large factor in determining your rates. So if your credit history is not that good, you could potentially save money when insuring your Mercedes-Benz CL500 by repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with lower credit scores.
What coverages do I need?
When it comes to choosing the best car insurance coverage, there really is not a “best” method to buy coverage. Each situation is unique.
Here are some questions about coverages that may help highlight if you would benefit from an agent’s advice.
- Do I have coverage if my license is suspended?
- Are there companies who specialize in insuring high-risk drivers?
- I don’t drive much so do I pay less?
- Do I benefit by insuring my home with the same company?
- Will my vehicle be repaired with OEM or aftermarket parts?
- What should my uninsured motorist coverage limits be in my state?
- What discounts do I qualify for?
- Can I rate high risk drivers on liability-only vehicles?
- Can I pay claims out-of-pocket if I buy high deductibles?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can help protect your family.
Local agents and car insurance
Certain consumers would rather get advice from a local agent and that is OK! Professional agents can answer important questions and give you someone to call. The best thing about getting online price quotes is you can get lower rates and still have an agent to talk to.
To help locate an agent, after submitting this simple form, your information is transmitted to agents in your area who will compete to get your business. There is no need to even leave your home as quotes are delivered to your email. It doesn’t get any easier!
Deciding on an insurance company needs to be determined by more than just a cheap price. Some important questions to ask are:
- Are they full-time agents?
- Did they already check your driving record and credit reports?
- Does the agency have a good rating with the Better Business Bureau?
- Do they assist clients in filing claims?
- Is their price quote a firm figure or are their hidden costs?
- Does the company allow you to choose your own collision repair facility?
Insurance agent types
If you’re trying to find a reputable insurance agent or broker, you must know there are a couple types of insurance agents from which to choose. agents are either independent (non-captive) or captive. Either one can properly insure your vehicles, but it’s important to know the differences since it can impact your agent selection.
Captive Agents
These agents can only place business with one company and examples are Farmers Insurance or State Farm. They generally cannot shop your coverage around so they have to upsell other benefits. Captive agencies are usually quite knowledgeable on the products they sell and that can be a competitive advantage. Consumers frequently choose to use a captive agent partially due to loyalty to the company and the convenience of having a single billing for all their coverages.
Independent Agencies or Brokers
Independent insurance agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies enabling the ability to shop coverage around. If your agent finds better pricing, an independent agent can move your coverage and you don’t have to find a new agent. When shopping rates, it’s a good idea to include price quotes from at least one independent agent for the best price selection. They also have the ability to place coverage with lesser-known insurance companies which may provide better rates.
For a full directory of agents, click here.
After receiving positive feedback as well as a affordable price, you have narrowed it down to an insurance agency that meets your needs to provide car insurance coverage.
In the end, you save
Low-cost Mercedes-Benz CL500 insurance is possible from both online companies and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.
You just learned many ways to reduce Mercedes-Benz CL500 insurance prices online. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even find the lowest rates come from the least-expected company.
When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. In many instances, drivers have reduced liability limits or collision coverage only to regret that it was a big mistake. Your strategy should be to purchase a proper amount of coverage at an affordable rate.
