Mercedes-Benz 500-Class Insurance Rates

Drivers have lots of options when trying to insure your Mercedes-Benz vehicle. You can either contact your neighborhood insurance agent or shop online to compare pricing from companies. Finding cheaper car insurance by quoting online is easy, plus you will probably save money.

Consumers who are new to the process of buying insurance may think shopping for low-cost 500-Class insurance is hard. To find the best car insurance prices, there are several ways of comparing rates from different insurance companies. The quickest method to find the lowest 500-Class insurance quotes is to perform an online rate comparison. This can be done by visiting this page.

FREE Car Insurance Comparison

Premiums are calculated by the following

Insurance rates on a Mercedes-Benz 500-Class can be significantly different based upon several criteria. Including but not limited to:

The performance level of your 500-Class
How many accidents you have had
Home/auto policy bundles save money
Pleasure use vs. commuting use
Add-on coverages such as rental reimbursement
Your profession
The level of coverage
Home ownership saves money

One last important factor which can affect the rate you pay on your Mercedes-Benz is the year of manufacture. Models that are a few years old have a lower value so the cost to replace them will push premiums down. Conversely, newer vehicles may have options such as traction control, active head restraints, a backup camera, and an advanced theft deterrent system that may help provide discounts that lower premiums.

To get a better idea how much rates will be for your vehicle, select the year of your 500-Class from the list below.

Liability coverages

Liability insurance can cover damage or injury you incur to people or other property that is your fault. Liability coverage protects against claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so purchase as large an amount as possible.

Collision coverage

This covers damage to your Mercedes-Benz resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder. Collision coverage for your 500-Class can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. 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 should not be overlooked.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like EMT expenses, pain medications, and nursing services. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. PIP is not an option in every state but can be used in place of medical payments coverage.

How Much are Mercedes-Benz 500-Class Insurance Rates?