Mercedes-Benz 300SEL Insurance – 9 Tips to Cut Costs

Shoppers have a choice when shopping for the lowest priced Mercedes-Benz 300SEL insurance. You can either spend your time contacting agents getting price quotes or use the internet to get rate quotes.

There is a better way to buy auto insurance and we’ll show you the quickest way to compare rates for a Mercedes-Benz and find the lowest possible price from local insurance agents and online providers.

Don’t pay full price with these nine discounts

Insuring your fleet can be pricey, buy you may qualify for discounts to cut the cost considerably. A few discounts will automatically apply at the time you complete a quote, but lesser-known reductions have to be requested specifically before they will apply. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Memberships – Belonging to a qualifying organization is a good way to get lower rates on auto insurance on 300SEL insurance.
  • Sign Online – Some insurance companies will discount your bill up to fifty bucks simply for signing digitally online.
  • Employee of Federal Government – Simply working for the federal government can earn a discount up to 10% on 300SEL insurance with a few auto insurance companies.
  • Accident Waiver – A few companies permit an accident before raising your premiums as long as you don’t have any claims prior to the accident.
  • Auto/Home Discount – If you have multiple policies with the same company you may save approximately 10% to 15%.
  • Drivers Education – Cut your cost by having your teen driver take driver’s ed class in school.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less on 300SEL insurance than their less cautious counterparts.
  • Driver Safety – Completing a driver safety course could cut 5% off your bill if your company offers it.

Drivers should understand that many deductions do not apply to your bottom line cost. Most only reduce specific coverage prices like comp or med pay. So when it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous. But all discounts will cut the cost of coverage.

Cheap Auto Insurance Comparisons

There are several ways you can shop for auto insurance but one way is more efficient than others. You can waste a lot of time talking to local insurance agents in your area, or you could save time and use online quoting to get pricing more quickly.

Most car insurance companies participate in a marketplace that enables customers to complete one form, and at least one company provides a quote for coverage. This eliminates the need for quote forms for each company.

To access this free quoting program, click here to open in new window.

One minor caviat to comparing rates this way is you are unable to specify which providers you want pricing from. If you would rather choose individual companies for rate comparison, we put together a list of low cost auto insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use apples-to-apples coverages and limits for each price quote. If your comparisons have different deductibles it will be next to impossible to make a fair comparison for your Mercedes-Benz 300SEL.

Will just any policy work for me?

When it comes to choosing the best auto insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s needs are different.

For example, these questions can help discover if you will benefit from professional help.

  • Are split liability limits better than a combined single limit?
  • What is the minimum liability in my state?
  • Do I benefit by insuring my home with the same company?
  • Is my custom paint covered by insurance?
  • Will my rates increase for filing one claim?
  • Should I drop comprehensive coverage on older vehicles?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and may give you better protection.

Are insurance agents obsolete?

Some people would rather buy from a licensed agent and that is a personal choice. Agents can answer important questions and help you file claims. The best thing about getting online price quotes is you can get lower rates and still choose a local agent. Supporting local businesses is important especially in smaller rural communities.

Upon completion of this quick form, the coverage information gets sent to companies who will give you bids for your coverage. There is no reason to leave your computer as quotes are delivered to your email. How cool is that?! car insurance

Multiple types of auto insurance agents

When finding an insurance agent, you must know there are a couple different agency structures that differ in how they can insure your vehicles. Agencies can either be captive or independent. While both can properly insure your vehicles, but it’s worth mentioning the difference between them since it can impact your selection of an agent.

Independent Agents (or Brokers)

Independent agents are not required to write business for one company so they can insure your vehicles with multiple insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, the agent simply finds a different carrier and you don’t have to find a new agent. When comparison shopping, we recommend you contact multiple independent agents to have the most options to choose from.Many can place coverage with lesser-known insurance companies which may provide better rates.

Captive Insurance Agents

These agents write business for a single company and examples are Allstate, Farmers Insurance or State Farm. Captives cannot provide prices from multiple companies so it’s a take it or leave it situation. Captive agents are very knowledgeable on their company’s products which helps them compete with independent agents. Some consumers prefer to choose to use a captive agent partially due to the brand legacy and solid financial strength.

To view a full list of agencies, visit this site.

Picking an insurance agency requires more thought than just the premium amount. Any agent should have no problem answering these questions:

  • Is the agency involved in supporting local community causes?
  • Does the agency have a good rating with the Better Business Bureau?
  • How long has their agency been open?
  • Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
  • What insurance companies do they work with?

After getting positive responses and locked in a price quote, most likely you have located an auto insurance agent that will adequately provide auto insurance.

Auto insurance coverage options for a Mercedes-Benz 300SEL

Having a good grasp of your policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Uninsured and underinsured coverage – This gives you protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz 300SEL.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for nursing services, funeral costs and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Liability – Liability coverage protects you from injuries or damage you cause to a person or their property by causing an accident. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as legal defense fees, funeral expenses and medical services. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Comprehensive coverages – Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a deer, falling objects and rock chips in glass. The most your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverages – This will pay to fix damage to your 300SEL resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with another moving vehicle, sustaining damage from a pot hole, damaging your car on a curb and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

A little work can save a LOT of money

We covered many ways to lower your Mercedes-Benz 300SEL insurance rates. The key thing to remember is the more quotes you get, the better your comparison will be. You may even discover the most savings is with an unexpected company.

When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed liability coverage limits only to regret that the savings was not a smart move. Your aim should be to find the BEST coverage at an affordable rate.

The cheapest Mercedes-Benz 300SEL insurance can be found on the web as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some auto insurance companies don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.