Comparison shopping for low cost insurance coverage is challenging for beginners to online comparison shopping. With literally dozens of insurance companies available, it can easily be a real hassle to compare prices.
Decisions you make can impact your insurance prices
Multiple criteria are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, although some other factors are less obvious such as your credit history or your commute time.Smart consumers have a good feel for the rating factors that come into play when calculating insurance rates. If you know what influences your rates, this enables informed choices that could result in cheaper rates.
- Guys tend to take more risk – Statistics show that females tend to be a little less risky than males. It does not mean females are better at driving than males. Men and women are responsible for fender benders at about the same rate, but the males cause more damage. Not only that, but men also get cited for more serious violations like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
- Pay less with a high IIHS safety rating – Safer cars tend to have lower insurance rates. The safest vehicles have better occupant injury protection and fewer serious injuries translates into fewer and smaller insurance claims which can result in lower premiums. If the Mercedes-Benz B-Class Electric Drive is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
- High claims frequency drives up insurance rates – If you are a frequent claim filer, you can look forward to much higher rates or policy non-renewal. Insurance companies award better rates to people who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
- High physical damage deductibles equal low rates – Protection for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Examples of some claims that would be covered would be collision with another vehicle, flood damage, or theft. Comprehensive and collision coverage deductibles tell how much you are required to spend out-of-pocket before a claim is paid by your company. The larger the amount you’re willing to pay, the less your insurance will be on B-Class Electric Drive insurance.
- Do you know you’re credit rating? – Your credit score is a big factor in determining your rates. If your credit score can use some improvement, you could save money insuring your 2016 Mercedes-Benz B-Class Electric Drive by improving your rating. Insureds that have very high credit ratings tend to be more responsible than drivers who have lower credit ratings.
- Your address can affect price – Living in a rural area has it’s advantages when it comes to insurance. Less people living in that area corresponds to lower accident rates. City drivers have more auto accidents and higher rates of accident claims. More time behind the wheel statistically corresponds to a higher accident and claim rate.
- Fewer miles means better premiums – The higher the mileage driven in a year’s time the higher the price you pay to insure it. A lot of companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that have low annual miles receive better premium rates than vehicles that have high annual mileage. Make sure your insurance declarations sheet reflects the correct driver usage, because improper ratings can cost you money. An incorrectly rated B-Class Electric Drive is throwing money out the window.
How to compare car insurance rate quotes
When shopping for car insurance there are multiple ways to obtain and compare prices from different insurance companies. The easiest way to find affordable 2016 Mercedes-Benz B-Class Electric Drive insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in a couple of different ways.
- The first (and easiest) way to find low rates would be an industry-wide quote request form (click to open form in new window). This type of form prevents you from having to do separate quote forms for each company you want a rate for. Completing one form will get you price quotes from all major companies. This is perfect if you don’t have a lot of time.
- Another way to find better pricing requires visiting the website of each company and complete a new quote form. For sake of this example, let’s assume you need rates from Allstate, Progressive and Geico. You would have to go to each individual site and punch in your information repeatedly, which is why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
- If you have time to kill, the last method to compare price estimates is to waste gas driving to each insurance agency near you. The ability to get quotes online reduces the need to sit down with an agent unless you prefer the extra assistance that only a licensed agent can provide. If you prefer, some companies allow you to price shop your coverage online but still have the advice of a local agent.
The approach you take is up to you, just try to keep the same coverage limits for every company. If each company quotes different deductibles it’s impossible to find the best deal for your Mercedes-Benz B-Class Electric Drive. Just slight variations in coverage limits could throw off the whole comparison. And when price shopping your coverage, comparing more rates from different companies increases the change that you will find a better price.
Take advantage of with these discounts
Insurance is easily one of your largest bills, but you may be missing some discounts that could drop your premiums quite a bit. Certain credits will be shown when you quote, but some discounts are required to be manually applied prior to getting the savings. If you don’t get every credit available, you’re paying more than you need to.
- Discount for New Cars – Putting insurance on a new car can cost up to 25% less since newer models have better safety ratings.
- Discount for Low Mileage – Fewer annual miles on your Mercedes-Benz may enable drivers to earn discounted prices on garaged vehicles.
- Payment Method – If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.
- Life Insurance – Some companies give lower premium rates if you buy some life insurance too.
- Responsible Driver Discounts – Safe drivers can save up to 40% or more on their insurance quote on B-Class Electric Drive insurance than their less cautious counterparts.
- Telematics Data – Drivers who agree to allow companies to look at where and when they drive by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they are good drivers.
- Good Grades Discount – Being a good student may save as much as 25% on a insurance quote. Most companies allow this discount well after school through age 25.
- Anti-theft Discount – Vehicles that have factory anti-theft systems help deter theft and will qualify for a discount on a insurance quote.
- Discount for Swiching Early – Some larger companies provide a discount for switching policies early. This discount can save up to 10%.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think having all the discounts means you get insurance for free, companies don’t profit that way.
The best insurance companies and the discounts they provide are detailed below.
- State Farm includes discounts for multiple policy, multiple autos, driver’s education, defensive driving training, student away at school, and safe vehicle.
- Farmers Insurance may include discounts for homeowner, good student, mature driver, early shopping, alternative fuel, and youthful driver.
- Progressive policyholders can earn discounts including multi-policy, online signing, homeowner, continuous coverage, multi-vehicle, and good student.
- Geico may have discounts that include driver training, membership and employees, military active duty, federal employee, and seat belt use.
- Auto-Owners Insurance may offer discounts for good student, company car, multi-policy, group or association, and mature driver.
- The Hartford has discounts for defensive driver, vehicle fuel type, good student, anti-theft, and bundle.
- Farm Bureau has savings for safe driver, youthful driver, renewal discount, 55 and retired, multi-vehicle, and good student.
- USAA offers discounts for good student, family discount, defensive driver, loyalty savings, multi-vehicle, safe driver, and military installation.
When getting a coverage quote, ask all the companies what discounts are available to you. Depending on the company, some discounts might not be available to policyholders in your area.
Your situation helps dictate your coverage
When choosing proper insurance coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different.
Here are some questions about coverages that can help discover whether you may require specific advice.
- Can my teen drive my company car?
- Is borrowed equipment or tools covered if stolen or damaged?
- Do I have coverage if my license is suspended?
- Do I need to file an SR-22 for a DUI in my state?
- When should I remove comp and collision on my 2016 Mercedes-Benz B-Class Electric Drive?
- Why do I only qualify for high-risk insurance?
- Why does it cost so much to insure a teen driver?
If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form.
Auto insurance policy coverages for a 2016 Mercedes-Benz B-Class Electric Drive
Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.
Insurance for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses for ambulance fees, hospital visits and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
Collision coverage – This coverage covers damage to your B-Class Electric Drive caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims like rolling your car, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, damage from getting keyed and damage from flooding. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2016 Mercedes-Benz B-Class Electric Drive.
Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Liability – This coverage provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.
Liability insurance covers things such as attorney fees, funeral expenses, loss of income, repair bills for other people’s vehicles and medical services. How much coverage you buy is up to you, but you should buy higher limits if possible.
Never pay more for less
Some insurance providers don’t offer online rate quotes and usually these small, regional companies provide coverage only through independent agents. Budget-conscious 2016 Mercedes-Benz B-Class Electric Drive insurance is definitely available online and from local agencies, and you should be comparing both to get a complete price analysis.
We’ve covered a lot of tips how to get a better price on 2016 Mercedes-Benz B-Class Electric Drive insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding cheaper insurance. Drivers may discover the lowest premium rates come from a small local company.
When shopping online for insurance, do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced liability limits or collision coverage to discover at claim time they didn’t have enough coverage. Your goal should be to buy enough coverage at an affordable rate, not the least amount of coverage.
Additional insurance information is located on the following sites: