How to Get the Absolute Lowest Rates When Insuring a Mercedes-Benz R550

No one in their right mind enjoys paying for car insurance, especially knowing they are paying too much. Because there are so many choices, it can be hard to choose the cheapest insurer.

Parts of the Mercedes-Benz R550 rate equation

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. When you know what positively or negatively determines base rates allows you to make educated decisions that may reward you with big savings.

• Drive a safer car and pay less – Cars with high safety ratings tend to have better insurance rates. Safe vehicles protect occupants better and fewer injuries translates into savings for insurance companies and thus lower rates. If your Mercedes-Benz R550 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
• How many coverages with the same company – Most car insurance companies will give a discount to policyholders who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, you may still want to comparison shop to confirm you are receiving the best rates possible.
• Rural vs Urban Areas – Choosing to live in less populated areas can save you money when insuring your vehicles. Fewer drivers means fewer accidents and also fewer theft and vandalism claims. Drivers in populated areas regularly have traffic congestion and longer commutes to work. Higher commute times can result in more accidents.
• Little extras can really add up – There are a lot of extra coverages that can waste your money on your car insurance policy. Things like personal injury protection, accident forgiveness and additional equipment coverage may be wasting your money. They may seem good when you first buy your policy, but now you might not need them so remove them from your policy.
• A lapse in coverage is a bad thing – Allowing your car insurance policy to lapse will be a sure-fire way to increase your car insurance rates. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.Then you may be required to submit proof of financial responsibility or a SR-22 with your state DMV.
• Don’t sacrifice liability coverage – Liability coverage will protect you when you are found to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
• Discounts for married couples – Being married can actually save you money on your car insurance policy. It usually means you are more responsible and it’s statistically proven that drivers who are married are more cautious.

Finding Car Insurance Deals

Finding a lower price on Mercedes-Benz R550 insurance is not rocket science. Consumers just need to take a few minutes comparing rate quotes from different insurance companies. This can be done in just a few minutes using one of these methods.

1. One of the best ways to get the best comparison quotes is to use a rate comparison form click to view form in new window. This easy form saves time by eliminating separate quote forms for each company. One form submission gets rate comparisons from several companies.
2. Another way to find lower rates is to take the time to go to the website for every company you want to comare and request a quote. For examples sake, we’ll pretend you want comparison quotes from State Farm, Safeco and GEICO. To get rate quotes you would need to spend time on each company’s site to input your insurance information, which is why most consumers use the first method.

   To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just ensure you’re using apples-to-apples quote information for each price quote. If your comparisons have unequal deductibles or liability limits it’s not possible to determine the best price for your Mercedes-Benz R550.

Are you getting all your discounts?

Companies do not advertise every available discount in an easy-to-find place, so the following is a list of some of the more common and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you qualify for, you are throwing money away.

• Save over 55 – Mature drivers may be able to get better car insurance rates for R550 coverage.
• Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
• Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
• Multi-car Discount – Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
• Good Students Pay Less – This discount can save 20 to 25%. The discount lasts well after school through age 25.
• Discount for Life Insurance – Companies who offer life insurance give a break if you buy life insurance from them.

It’s important to understand that most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky.

To choose insurance companies who offer car insurance discounts, follow this link.

Tailor your coverage to you

When buying coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s needs are different so this has to be addressed. For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

• Am I covered if I drive in a foreign country?
• Am I covered if I crash into my own garage door?
• What should my uninsured motorist coverage limits be in my state?
• Is my dog or cat covered if injured in an accident?
• Do I have coverage if my license is suspended?
• Are rental cars covered under my policy?
• Do I get a pro-rated refund if I cancel my policy early?
• Is business equipment covered while in my vehicle?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

Quote often and quote early

Cheaper Mercedes-Benz R550 insurance can be bought on the web and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not offer you the ability to get quotes online and these small, regional companies work with independent agents.

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. In too many instances, consumers will sacrifice physical damage coverage and learned later they didn’t purchase enough coverage. The aim is to get the best coverage possible at an affordable rate while still protecting your assets.