View 2016 Mercedes-Benz AMG GT Insurance Cost

Have you fallen victim to an overpriced insurance policy? Trust us when we tell you you’re not alone. Companies like Allstate, Progressive and Geico constantly bombard you with fancy advertisements and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.

If you are insured now or are shopping for new coverage, you can use this information to reduce the price you pay and still get good coverage. Buying car insurance is quite easy. Drivers just need to understand the most efficient way to buy car insurance over the internet.

How to Get Cheap Insurance Coverage

Shopping for lower insurance coverage rates can take hours if you don’t utilize the easiest way. You can waste a lot of time driving to agents in your area, or you can utilize the internet to get prices fast.

All the larger companies belong to an insurance system where insurance shoppers submit their information once, and each participating company provides a quote determined by their information. This system prevents you from having to do quote requests to every company.

To compare 2016 Mercedes-Benz AMG GT rates using this form now click here to start a free quote.

The only drawback to using this type of form is that consumers can’t choose which companies to receive prices from. If you would rather choose specific insurance companies for rate comparison, we put together a list of low cost insurance coverage companies in your area. View list of insurance companies.

It’s up to you which method you use, but be sure to compare the exact same deductibles and coverage limits for every company. If you have higher or lower deductibles you can’t possibly decipher which rate is best.

Are car insurance companies telling the truth?

Consumers constantly see and hear ads for cheaper car insurance from the likes of Progressive, Allstate and Geico. They all seem to have a common claim of big savings if you move your coverage to them.

How does each company claim to save you money?

All the different companies can use profiling for the right customer that earns them a profit. A good example of a desirable insured might be profiled as between the ages of 40 and 55, has no driving citations, and chooses high deductibles. A driver who meets those qualifications receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential customers who don’t qualify for the “perfect” profile will have to pay a higher premium and ends up with the customer not buying. The ad wording is “customers that switch” not “everybody who quotes” save money. This is how insurance companies can state the savings. Because of the profiling, it’s extremely important to get as many comparisons as possible. It’s not possible to predict which company will give you the biggest savings on Mercedes-Benz AMG GT insurance.

Elements that influence Mercedes-Benz AMG GT insurance rates

It’s important that you understand the different types of things that come into play when calculating the rates you pay for insurance coverage. Understanding what influences your rates allows you to make educated decisions that may reward you with big savings.

  • Never allow your policy to lapse – Driving your car without having proper coverage is illegal and as a result your rates will increase for letting your insurance expire. Not only will you pay more, failure to provide proof of insurance might get you a steep fine or even jail time.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can definitely plan on higher rates. Insurance companies award lower rates to policyholders who are claim-free. Insurance coverage is intended for major claims that would cause financial hardship.
  • Do you qualify for a multi-policy discount? – Most insurance coverage companies provide better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare rates to verify if the discount is saving money.
  • The more you drive the more you pay – The higher the mileage driven in a year’s time the higher your rate. The majority of insurers price each vehicle’s coverage based on their usage. Autos not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage declarations sheet shows the correct usage for each vehicle. If your policy improperly rates your AMG GT may be wasting your money.
  • Males pay more for insurance – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are better drivers. They both have accidents at a similar rate, but the men cause more damage. Men also statistically get cited for more serious violations like DUI and reckless driving. Teenage male drivers are several times more likely to be in an accident and are penalized with high insurance coverage rates.
  • Liability coverage is cheap – Liability insurance is the protection when a court rules you are at fault for damages caused by your negligence. Liability provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.
  • Traffic violations increase rates – Your driving citation history has a big impact on rates. Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Only having one moving violation can bump up the cost by twenty percent. Drivers who have severe citations like DUI or reckless driving may need to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

Discounts on 2016 Mercedes-Benz AMG GT insurance

Car insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so we researched some of the more common and the harder-to-find ways to save on car insurance. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Good Student Discount – Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • Accident Free – Claim-free drivers can save substantially when compared to frequent claim filers.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • One Accident Forgiven – A handful of insurance companies allow you one accident before your rates go up if your claims history is clear for a set time period.
  • Braking Control Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
  • Drive Less and Save – Low mileage vehicles can qualify you for a substantially lower rate.
  • Military Rewards – Having a deployed family member can result in better rates.
  • Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
  • Homeowners Savings – Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.

It’s important to understand that some credits don’t apply to the entire policy premium. Most only reduce specific coverage prices like medical payments or collision. So when the math indicates adding up those discounts means a free policy, companies wouldn’t make money that way.

Car insurance companies that possibly offer these money-saving discounts are:

Check with every prospective company which discounts you may be entitled to. Some discounts might not apply in every state.

Tailor your coverage to you

When buying the best auto insurance coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help highlight whether your personal situation might need an agent’s assistance.

  • Should I buy only the required minimum liability coverage?
  • When can my company non-renew my policy?
  • Is other people’s property covered if stolen from my vehicle?
  • Does car insurance cover theft of personal property?
  • Am I insured when driving a different vehicle?
  • When would I need rental car insurance?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, free and can help protect your family.

Insurance coverages explained

Knowing the specifics of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

Liability car insurance

This protects you from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as medical services, emergency aid, medical expenses and funeral expenses. How much coverage you buy is your choice, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses for funeral costs, rehabilitation expenses and EMT expenses. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage will pay to fix damage to your AMG GT resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as crashing into a building, scraping a guard rail, damaging your car on a curb, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your 2016 Mercedes-Benz AMG GT.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive insurance

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from flooding, falling objects and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

In Summary

You just learned a lot of information how to shop for 2016 Mercedes-Benz AMG GT insurance online. The key thing to remember is the more you quote, the better your comparison will be. Consumers could even find that the lowest premiums are with the smaller companies. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Allstate, Geico and Progressive.

Cheaper insurance is available online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies may not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.

More detailed car insurance information can be read by following these links: