Compare 2014 Mercedes-Benz CL-Class Insurance Cost

Want the cheapest auto insurance rates for your Mercedes-Benz CL-Class? Are you tired of paying out the nose to pay your car insurance bill each month? You are in the same boat as many other consumers.

Popular companies such as State Farm, Farmers Insurance, Geico and Allstate continually bombard you with TV and radio ads and consumers find it hard to see through the deception and find the best price available.

You need to compare rates yearly because rates change quite often. Even if you got the lowest rates for CL-Class insurance a few years ago there may be better deals available now. There is too much inaccurate information about auto insurance online but I’m going to show you a lot of great tips on how to find affordable auto insurance.

Take discounts and save

The cost of insuring your cars can be expensive, but companies offer discounts to cut the cost considerably. Some discounts apply automatically when you get a quote, but less common discounts must be manually applied before you get the savings.

  • Lower Rates for Military – Having a deployed family member could mean lower rates.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. The good student discount can last until age 25.
  • Homeowners Discount – Being a homeowner may trigger a insurance coverage policy discount because owning a home demonstrates responsibility.
  • Sign Online – Some insurance companies give back up to $50 for buying a policy and signing up over the internet.

It’s important to understand that most credits do not apply to the entire cost. Some only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky. Any qualifying discounts will help reduce the amount you have to pay.

For a list of companies with the best insurance coverage discounts, click here.

Which policy gives me the best coverage?

When buying adequate coverage for your vehicles, there really is no best way to insure your cars. Each situation is unique so your insurance needs to address that. These are some specific questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • Why am I required to get a high-risk car insurance policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Which is better, split liability limits or combined limits?
  • Is business equipment covered while in my vehicle?
  • Are rock chip repairs covered?
  • Do I need special endorsements for business use of my vehicle?
  • How much liability insurance is required?
  • Am I covered if hit by an uninsured driver?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Save $460 a year. For real?

Insurance companies such as Allstate and Progressive constantly bombard you with ads on television and other media. They all seem to have a common claim of big savings if you switch your coverage to them. But how can every company make the same claim?

All companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a desirable insured might be profiled as between 25 and 40, has no tickets, and has excellent credit. A driver who meets those qualifications gets the lowest rates and as a result will probably save when switching.

Potential customers who fall outside the “perfect” profile must pay higher premiums which usually ends up with business going elsewhere. The ads say “customers who switch” but not “drivers who get quotes” save money. This is how insurance companies can confidently make those claims.

This illustrates why drivers should get a wide range of price quotes. It’s just too difficult to predict which company will have the lowest Mercedes-Benz CL-Class insurance rates.

Auto insurance 101

Having a good grasp of car insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are typical coverage types offered by car insurance companies.

Collision coverage – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like backing into a parked car, colliding with a tree, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for bills such as prosthetic devices, EMT expenses, hospital visits and chiropractic care. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits are identical to your policy’s liability coverage.

Auto liability insurance – This coverage can cover injuries or damage you cause to other’s property or people. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as loss of income, court costs, attorney fees, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Comprehensive protection – Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, vandalism, damage from flooding and rock chips in glass. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Saving money makes a lot of cents

We covered many ways to save on 2014 Mercedes-Benz CL-Class insurance. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and Geico.

When buying insurance coverage, don’t be tempted to skimp on coverage in order to save money. In too many instances, an insured cut physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at a price you can afford while still protecting your assets.

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