How to Reduce Your Mercedes-Benz 500SEC Auto Insurance Rates

Paying for high-priced Mercedes-Benz 500SEC insurance can overdraw your personal savings and force you to prioritize other expenses. Comparison shopping is free and is an excellent way to help make ends meet. Big-name insurance companies like Progressive, State Farm and GEICO all claim big savings with fancy advertisements and it can be hard to see past the geckos and flying pigs and find the best price available.

Consumers need to price shop coverage every six months because rates change regularly. Even if you think you had the best price on 500SEC insurance six months ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to one of the best ways to reduce your cost while improving coverage.

If you are insured now or are just looking to switch companies, you can follow these tips to find better prices while maximizing coverage. Buying car insurance is quite easy. Drivers only need an understanding of the most effective way to compare prices online.

Fast and Easy Auto Insurance Quotes

All the larger auto insurance companies like Allstate, GEICO and Progressive give coverage prices on the web. The process is quite simple as you just enter your coverage preferences into a form. Upon sending the form, their system automatically orders credit information and your driving record and provides a quote based on many factors. Online quotes helps simplify price comparisons, but the time required to go to each company’s website and repetitively enter the same data into a form is repetitive and time-consuming. But it is imperative to do this in order to find the lowest possible prices on auto insurance.

The preferred way to find lower prices uses one form to return rates from many companies. It’s a real time-saver, eliminates repetitive work, and makes rate comparisons much easier. Once the form is submitted, it is rated and you can select your choice of the pricing results.

If you find a better price you simply finish the application and buy the policy. The whole process only takes a few minutes and you will find out if you’re overpaying now.

To compare rates using this form now, click here and enter your information. If you have a policy now, it’s recommended you type in the coverage information exactly as shown on your declarations page. Doing this assures you’re receiving a fair comparison for the exact same coverage.

Elements that influence Mercedes-Benz 500SEC rates

Smart consumers have a good feel for the rating factors that help determine the rates you pay for auto insurance. Having a good understanding of what determines base rates allows you to make educated decisions that will entitle you to big savings.

The following are some of the items companies use to determine prices.

Rate your vehicle for proper use – The more you drive each year the more you will pay for auto insurance. The majority of insurers apply a rate based on how the vehicle is used. Cars used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. If your policy improperly rates your 500SEC may be costing you. Double check that your auto insurance policy shows the correct driver usage.
Claim-free discounts can add up – Auto insurance companies give discounts to policyholders who are claim-free. If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Your location is important – Residing in less populated areas is a positive aspect when buying auto insurance. Drivers in populated areas tend to have more traffic problems and a longer drive to work. Fewer drivers translates into fewer accidents and also fewer theft and vandalism claims.
Do you need those extra coverages? – There are a ton of extra coverages you can purchase on your auto insurance policy. Things like vanishing deductibles, better glass coverage and term life insurance may be wasting your money. These may sound like a good investment initially, but if they’re wasting money remove them from your policy.

Be sure to get all your discounts

Insurance can cost an arm and a leg, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be inquired about prior to receiving the credit. If you’re not getting every credit you deserve, you’re paying more than you need to.

Student in College – Any of your kids living away from home attending college and don’t have a car can be insured at a reduced rate.
Accident Free – Claim-free drivers can earn big discounts when compared with bad drivers.
Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
Passive Restraints – Factory air bags or motorized seat belts can get savings up to 30%.
Drive Safe and Save – Safe drivers may save up to 50% more on 500SEC insurance than drivers with accident claims.
Drive Less and Save – Keeping the miles down on your Mercedes-Benz can qualify you for better rates on cars that stay parked.
Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.
Multi-car Discount – Buying insurance for more than one vehicle on one policy could earn a price break for each car.

It’s important to note that most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you could get a free auto insurance policy, you won’t be that lucky. Any amount of discount will bring down the amount you have to pay.

To choose insurers with the best auto insurance discounts, click this link.

Local agents and auto insurance

Some consumers would rather talk to a local agent. Good agents can point out coverage gaps and help you file claims. One of the best bonuses of comparing insurance prices online is that you can obtain the best rates but also keep your business local. Buying from local agencies is important especially in small towns and cities.

To make it easy to find an agent, after completing this quick form, the coverage information is instantly submitted to local insurance agents who will give you bids for your business. You never need to leave your house as quotes are delivered immediately to your email address. How’s that for easy!

The type of auto insurance agent you choose is important

If you’re trying to find a reliable agent, there are a couple of different agency structures to choose from. Agencies are classified as either independent (non-captive) or captive. While both can do a good job, but it’s good to learn how they are different since it can impact the selection process.

Independent Agents

Independent agencies do not work for one specific company but instead can place your coverage with many different companies depending on which coverage is best. If you are not satisfied with one company, they simply move the coverage in-house and that require little work on your part.

When shopping rates, you should always contact at least one independent agent to get the best comparison.

Captive Insurance Agents

This type of agents work for only one company like AAA, Allstate and State Farm. They usually cannot compare other company’s rates so it’s a take it or leave it situation. Captive agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents.

For a full directory of auto insurance agents, click here.

Selecting an auto insurance agent shouldn’t rely on just a cheap price. Some important questions to ask are:

Are they full-time agents?
Which insurance companies are they affiliated with?
Who is covered by the car insurance policy?
Do they receive special compensation for putting your coverage with one company over another?
Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
How many years of experience in personal lines insurance coverages do they have?
How much can you save by raising your physical damage deductibles?
Will your rates increase after a single accident?

After getting positive feedback to any questions you have and an acceptable price quote, most likely you have located a car insurance agent that is a good match to properly service your auto insurance policy.

Summing up your auto insurance search

You just read some good ideas how you can compare Mercedes-Benz 500SEC insurance prices online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Consumers could even find that the biggest savings come from the smaller companies. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

Cost effective Mercedes-Benz 500SEC insurance is definitely available on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection. A few companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.