Best Methods to Lowering Your Mercedes-Benz CLK550 Insurance Rates

Best Methods to Lowering Your Mercedes-Benz CLK550 Insurance Rates

Having to pay for overpriced Mercedes-Benz CLK550 insurance can drain your checking account and put the squeeze on your family’s finances. Shopping your coverage around is free and is an excellent way to make sure you’re not throwing money away.

Many insurance companies vie for your hard-earned dollar, so it’s not easy to compare every provider and uncover the absolute best rate

It’s smart to compare rates every six months since insurance rates change regularly. Despite the fact that you may have had the best price for CLK550 insurance a couple years back other companies may now be cheaper. You can find a lot of misleading information regarding auto insurance on the web, but we’re going to give you a bunch of ideas how to quit paying high auto insurance rates.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using this strategy. Finding affordable coverage is quite easy. But consumers must understand how big insurance companies determine prices and apply this information to your search.

What determines your Mercedes-Benz CLK550 insurance premium

Consumers need to have an understanding of the rating factors that come into play when calculating auto insurance rates. Understanding what impacts premium levels helps enable you to make changes that can help you get big savings.

  • Where you live can impact rates – Being located in less populated areas can be a good thing when it comes to auto insurance. Urban drivers tend to have much more traffic and longer commute times. Fewer people means reduced accidents and a lower car theft rate.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse is a guaranteed way to pay more for auto insurance. And not only will insurance be more expensive, getting caught without coverage may earn you a license revocation or jail time.You may have to file a SR-22 with your state department of motor vehicles.
  • Battle of the sexes – Statistics show women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Women and men are in accidents at about the same rate, but the men have costlier accidents. Men also statistically receive more costly citations such as DWI and reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.
  • Safer cars are cheaper to insure – Cars with high safety ratings are cheaper to insure. These vehicles result in less severe injuries and any reduction in injury severity means less money paid by your insurance company and thus lower rates. If your Mercedes-Benz CLK550 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Adjust deductibles and save – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Mercedes-Benz. Some examples of claims that would be covered are a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are how much you are willing to pay before a claim is paid by your company. The more money the insured has to pay upfront, the less your company will charge you for insurance for CLK550 insurance.

Comprehensive Auto Insurance Comparison

Most companies provide price estimates on their websites. This process is pretty easy as you simply enter your coverage information into the quote form. When complete, their system will order your credit score and driving record and quotes a price determined by many factors. Online quotes streamlines rate comparisons, but having to visit different websites and fill out multiple forms can be a bit repetitive. But it’s very important to compare as many rates as possible if you want to find a lower rate.

There is a better way to compare rates

An easier way to locate the lowest prices makes use of a single form to return rates from many companies. The form is fast, helps eliminate reptitive entry, and makes rate comparisons much easier to do. As soon as you send your information, it gets priced and you can select any of the pricing results.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. The entire process takes 15 minutes at the most and can result in significant savings.

In order to compare rates using this form now, click here to open in new window and input your coverage information. To compare your current rates, we recommend you type in deductibles and limits identical to your current policy. This guarantees you will get comparison quotes for similar insurance coverage.

Is there truth in advertising?

Auto insurance companies such as Allstate and Progressive consistently run ads in print and on television. They all seem to make an identical promise of big savings if you change to their company. But how can every company claim to save you money?

All the different companies have a certain “appetite” for the type of customer that is profitable for them. For example, a profitable customer might be between the ages of 40 and 55, has no tickets, and has a high credit rating. Any new insured who fits that profile gets the lowest rates and therefore will save a lot of money. car insurance quote

Potential customers who don’t meet the “perfect” profile will be charged a more expensive rate which leads to business not being written. The ad wording is “drivers who switch” not “everyone that quotes” save that kind of money. This is how companies can truthfully claim big savings.

That is why you absolutely need to compare as many rates as you can. It is impossible to predict the company that will provide you with the cheapest rates.

Save big with these discounts

Insurance can cost an arm and a leg, but there could be available discounts to cut the cost considerably. Some trigger automatically when you purchase, but less common discounts must be asked about prior to getting the savings.

  • Theft Prevention System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Driver Safety – Successfully completing a driver safety course could save 5% or more if your company offers it.
  • Driver’s Ed – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
  • Paperless Signup – Some insurance companies will give a small break simply for signing online.

It’s important to understand that most discounts do not apply to the entire policy premium. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though they make it sound like you could get a free auto insurance policy, companies wouldn’t make money that way. Any qualifying discounts will reduce the amount you have to pay.

Online quotes with a local insurance agent

Certain consumers would prefer to talk to a local agent. One of the great benefits of price shopping on the web is the fact that you can find better rates and still choose a local agent. Supporting small agencies is important especially in smaller rural communities.

To help locate an agent, after submitting this simple form, your information is immediately sent to agents in your area who will battle for your coverage. You never need to even leave your home due to the fact that quote results will go directly to your email. Now that’s easy! You’ll get the best rates without the usual hassles of price shopping.

Two different types of car insurance agents

When looking for a good insurance agency, you must know there are a couple different agency structures that differ in how they can insure your vehicles. agents are categorized either captive or independent.

Independent Agents (or Brokers)

Independent agents are not locked into one company so they have the ability to put coverage with lots of companies depending on which coverage is best. To move your coverage to a new company, the agent simply finds a different carrier and you won’t have to switch agencies.

When comparing rates, we recommend you include multiple independent agents to have the most options to choose from.

Captive Insurance Agents

Captive agencies write business for a single company like AAA, Allstate, State Farm, Farmers Insurance or Liberty Mutual. They are unable to provide prices from multiple companies so they have no alternatives for high prices. These agents are well schooled on the products they sell which can be an advantage.

For a full directory of insurance agencies, visit this site.

cheapest Mercedes-Benz CLK550 insurance

Choosing a car insurance agent should depend on more than just a low price. Agents should be asked these questions:

  • Is vehicle damage repaired with OEM or aftermarket parts?
  • Which insurance companies are they affiliated with?
  • How are claims handled?
  • What insurance company do they write the most business with?
  • What will you get paid if your car is a total loss? How is that amount determined?
  • Will their companies depreciate repairs to your car based on the mileage?
  • What insurance companies do they recommend if they are an independent agent?

Upon getting reasonable responses to your questions and a good coverage price, most likely you have located a car insurance agent that meets your needs to service your policy.

Don’t assume everyone needs the same coverage

When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help highlight whether or not you might need professional guidance.

  • Can I drive in Mexico and have coverage?
  • How can I get high-risk coverage after a DUI?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Are split liability limits better than a combined single limit?
  • Is rental equipment covered for theft or damage?
  • Should I buy only the required minimum liability coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Does coverage extend to a rental car in a foreign country?
  • What are the financial responsibility laws in my state?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.

The best insurance company isn’t always the cheapest

We’ve covered a lot of techniques to get a better price on Mercedes-Benz CLK550 insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. Consumers may even find the lowest rates come from some of the lesser-known companies. These companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

Affordable Mercedes-Benz CLK550 insurance can be bought online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some companies do not offer the ability to get a quote online and these small insurance companies work with independent agents.