Top Strategies to Lowering Your Mercedes-Benz 400SE Insurance Rates

Locating cheaper insurance for a new or used Mercedes-Benz 400SE could be a lot of work, but you can follow these tips to find lower rates. There is a right way and a wrong way to compare car insurance rates so you’re going to learn the absolute fastest way to quote coverages for a Mercedes-Benz and locate the best price possible.

Mercedes-Benz 400SE insurance rates have many determining factors

Smart consumers have a good feel for the factors that help determine your car insurance rates. Understanding what determines base rates enables informed choices that may reward you with better car insurance rates.

• Men are more aggressive – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Both sexes are in accidents at a similar rate, but men have costlier accidents. Men also get more serious tickets such as DWI and reckless driving. Youthful male drivers are the most expensive to insure and are penalized with high car insurance rates.
• Your job and insurance rates – Did you know that where you work can have an impact on rates? Occupations like judges, business owners and dentists tend to pay the highest average rates in part from job stress and long work days. Other occupations like pilots, historians and homemakers have the lowest average rates for 400SE insurance.
• Better credit means lower rates – A driver’s credit history is a important factor in your rate calculation. If your credit history is not that good, you could be paying less to insure your Mercedes-Benz 400SE by improving your credit score. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores.
• Please use or commuting – The more miles you rack up on your Mercedes-Benz in a year the higher your rates will be. Most insurance companies charge to insure your cars based on their usage. Cars not used for work or commuting can get a lower rate compared to those used for work or business. Having the wrong rating on your 400SE can result in significantly higher rates. Ask your agent if your car insurance policy is showing how each vehicle is driven, because it can save money.
• Performance makes a difference – The type of vehicle you are buying insurance for makes a big difference in your rates. The lowest rates are for economy passenger models, but there are many factors that impact the final cost. Due to the fact that the Mercedes-Benz 400SE is considered a luxury sedan, insuring your vehicle will cost more compared to average rates.

Do you qualify for a discount?

Auto insurance companies don’t always publicize all their discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known car insurance savings.

• Driver’s Ed – Have your child complete a driver education course if offered at their school.
• Government Employees – Simply working for the federal government can earn a discount up to 10% for 400SE insurance with select insurance companies.
• Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz could be rewarded with discounted rates on garaged vehicles.
• Anti-theft System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
• Student in College – Any of your kids who live away from home and do not have a car can be insured at a reduced rate.

It’s important to understand that some credits don’t apply the the whole policy. Some only reduce individual premiums such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

Buyer beware of car insurance advertising tricks

State Farm and Allstate constantly bombard you with ads on television and other media. All the companies make an identical promise that you can save if you switch your policy. How do they all make the same claim? This is how they do it.

Different companies have a preferred profile for the right customer that earns them a profit. For example, a driver they prefer might be between the ages of 40 and 55, insures multiple vehicles, and drives less than 7,500 miles a year. A customer who meets those qualifications receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Consumers who don’t measure up to the “perfect” profile will have to pay higher rates and this can result in business going elsewhere. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can confidently state the savings. Because of the profiling, you should get a wide range of price quotes. It’s not possible to predict which insurance companies will provide you with the cheapest rates.

What is YOUR best insurance company?

We covered a lot of tips how to reduce Mercedes-Benz 400SE insurance prices online. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, an insured dropped physical damage coverage only to regret they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Lower-priced Mercedes-Benz 400SE insurance is definitely available from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. There are still a few companies who do not offer online quoting and these small, regional companies work with independent agents.