Mercedes-Benz G500 Insurance – 7 Discounts Consumers are Losing Out On

Trying to find low-cost insurance for a new or used Mercedes-Benz G500 can be an all-consuming task, but you can follow our auto insurance buying tips to save time.

There is a right way and a wrong way to shop for auto insurance and you need to know the quickest way to compare rates for your Mercedes-Benz and locate the lowest price.

It’s a good idea to price shop coverage at least once a year because insurance rates are constantly changing. Even if you think you had the best deal on G500 coverage two years ago the chances are good that you can find a lower rate today. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so with this article, you’re going to get some great ideas on how to reduce your auto insurance bill.

If you currently have car insurance, you will most likely be able to save some money using this strategy. Buying the cheapest auto insurance coverage is easy if you know what you’re doing. But drivers should learn how big insurance companies sell online.

Fast and Easy Auto Insurance Quotes

Performing a rate comparison can take time and effort if you aren’t aware of the fastest way to get free quotes. You can waste a lot of time driving to insurance companies in your area, or you could save time and use the web for quick rates.

Many popular insurance companies belong to a marketplace where insurance shoppers submit their information once, and each participating company then returns a price quote based on that data. This system prevents you from having to do form submissions to every company.

To access this free quoting program, click here to start a free quote.

The only downside to pricing coverage this way is you cannot specify which companies to get quotes from. So if you want to choose specific insurance companies to compare rates, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but ensure you are comparing exactly the same deductibles and coverage limits with every price quote. If each company quotes different limits and deductibles on each one then you won’t be able to decipher which rate is best. Having just a slight variation in coverages can make a big difference in price. It’s important to know that comparing more company’s prices will enable you to find a lower rate.

More discounts equal less premium

Insurance can be prohibitively expensive, but you can get discounts to reduce the price significantly. Certain discounts will be triggered automatically when you purchase, but a few must be specifically requested before you get the savings.

  • Save over 55 – If you qualify as a senior citizen, you may receive a discount up to 10% on G500 coverage.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.
  • Homeowners Pay Less – Simply owning a home can help you save on auto insurance because owning a home requires personal responsibility.
  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Multi-car Discount – Buying coverage for more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.

A little note about advertised discounts, many deductions do not apply to the overall cost of the policy. Most only cut individual premiums such as liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will help reduce the cost of coverage.

For a list of companies with discount auto insurance rates, follow this link.

But I prefer to buy car insurance from an agent

Some consumers would rather buy from a local agent and that is OK! One of the great benefits of comparing insurance prices online is you can get the best rates and still have an agent to talk to. And providing support for small agencies is definitely important in smaller communities.

By using this short form, your coverage information is emailed to insurance agents who will battle for your insurance coverage. You won’t need to leave your house since price quotes are sent to your email. You can find better rates and a licensed agent to work with. insurance banner

If you want to select a specific agent in your state, click here.

Choosing a company should depend on more than just the price. Ask your prospective agent these questions:

  • Are they full-time agents?
  • Did they already check your driving record and credit reports?
  • What are the financial ratings for the companies they represent?
  • Which members of your family are coverage by the policy?
  • Can they give you a list of client referrals?

Once you have received answers to your satisfaction and a good coverage price, you’ve probably found an insurance company that is a good match to provide auto insurance coverage. Just keep in mind policyholders can terminate coverage whenever you wish so never feel you are locked into a specific agent with no way out.

Auto insurance specifics

Understanding the coverages of auto insurance helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, damage from flooding, hail damage and falling objects. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, prosthetic devices and ambulance fees. They are often utilized in addition to your health insurance program or if you do not have health coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

Collision coverage covers damage to your G500 from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like rolling your car, hitting a parking meter, damaging your car on a curb, colliding with a tree and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Mercedes-Benz G500.

best G500 insurance

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Liability coverages

Liability coverage can cover damages or injuries you inflict on other’s property or people in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as pain and suffering, attorney fees, funeral expenses, legal defense fees and medical services. How much coverage you buy is your choice, but you should buy higher limits if possible.

Smart shoppers get results

We just showed you a lot of tips how to compare Mercedes-Benz G500 insurance prices online. The most important thing to understand is the more times you quote, the better likelihood of reducing your rate. Consumers may even find the lowest priced auto insurance comes from a smaller regional carrier.

When buying insurance coverage, it’s very important that you do not reduce needed coverages to save money. In many cases, consumers will sacrifice collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

Cheaper Mercedes-Benz G500 insurance is attainable on the web as well as from independent agents in your state, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers don’t offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.