Lower Your 2003 Mercedes-Benz CL-Class Insurance Rates

Having to pay for overpriced insurance can dry up your bank account, especially in this economy. Doing a rate analysis is free and is an excellent way to reduce premiums and put more money in your pocket.

Popular companies such as GEICO, 21st Century and Progressive continually bombard you with advertising and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s smart to price shop coverage as often as possible since prices change regularly. Even if you think you had the lowest rates on CL-Class coverage on your last policy you can probably find a better premium rate now. Ignore everything you know about insurance because you’re going to learn the best methods to find better rates and still maintain coverage.

How you can control Mercedes-Benz CL-Class insurance prices

It’s important that you understand some of the factors that help calculate your insurance coverage rates. If you have a feel for what determines premiums, this empowers consumers to make smart changes that may reward you with cheaper rates.

The items below are just a few of the factors that factor into your rate level.

  • Single drivers may pay higher premiums – Having a spouse can get you a discount when shopping for insurance coverage. Having a spouse generally demonstrates drivers are more mature and statistics prove married couples file fewer claims.
  • Save money by eliminating extra policy coverages – There are a lot of optional add-on coverages that may not really be needed if you don’t pay attention. Add-on coverages like rental car reimbursement, better glass coverage, and motor club memberships may be costing you every month. They may seem good when discussing your needs, but now you might not need them so remove them from your policy.
  • Credit rating impacts rates – Your credit score is a large factor in your rate calculation. So if your credit rating is not that good, you could pay less to insure your 2003 Mercedes-Benz CL-Class by improving your credit score. Drivers with excellent credit scores tend to be better risks to insure than those with worse credit.
  • Certain vocations pay higher prices – Careers such as real estate brokers, social workers and dentists have higher rates than average due to high stress and lots of time spent at work. On the flip side, careers like actors, engineers and the unemployed have lower than average premiums on CL-Class coverage.
  • How many coverages with the same company – Many companies apply a discount to clients who carry more than one policy in the form of a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even though this discount sounds good, consumers should still compare other insurance prices to help ensure you have the lowest rates.
  • Vehicle features impact prices – Driving a car with a theft deterrent system can get you a discount on your insurance coverage. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent vehicle theft.
  • Are females or males drivers cheaper? – Over the last 50 years, statistics have shown that women are safer drivers than men. This data doesn’t prove that females are better at driving than males. They both get in fender benders in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Not only are claims higher, but men receive more costly citations like DUI and reckless driving.
  • Consider raising physical damage deductibles – Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Mercedes-Benz. Some instances where coverage would apply could be collision with another vehicle, damage caused by hail, and burglary. The deductibles represent how much money you are willing to pay if a covered claim is submitted. The more money the insured has to pay upfront, the better rate you will receive on CL-Class coverage.

Discounts to earn affordable car insurance rates

Car insurance is easily one of your largest bills, but you may find discounts to reduce the price significantly. Some trigger automatically at the time of quoting, but occassionally some discounts must be specifically requested in order for you to get them.

  • Telematics Data – Drivers who agree to allow their company to spy on their driving habits through the use of a telematics system such as State Farm’s In-Drive may get a rate reduction as long as they are good drivers.
  • Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Senior Discount – If you’re over the age of 55, you can get a discount up to 10% on CL-Class coverage.
  • Auto/Life Discount – Not all car insurance companies offer life insurance, but some may give you better premium rates if you take out a life policy as well.
  • Own a Home and Save – Owning your own home or condo may trigger a policy discount on car insurance because maintaining a house is proof that your finances are in order.
  • More Vehicles More Savings – Insuring multiple vehicles with the same car insurance company can get a discount for every vehicle.
  • Student in College – Kids who are attending college and do not take a car to college can be insured at a reduced rate.
  • Military Deployment Discount – Being deployed with a military unit may qualify for rate reductions.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you could earn a discount of up to 20% off your total premium.
  • Discount for Swiching Early – A few companies allow discounts for switching companies before your current expiration date. Ten percent is about the average savings.

Please keep in mind that many deductions do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you would end up receiving a 100% discount, nobody gets a free ride.

A few popular companies and some of their more popular discounts are detailed below.

  • Mercury Insurance may have discounts that include annual mileage, multi-car, ease of repair, good student, and multi-policy.
  • Farmers Insurance may include discounts for pay in full, multi-car, business and professional, bundle discounts, and switch companies.
  • Farm Bureau may offer discounts for good student, multi-vehicle, driver training, multi-policy, 55 and retired, and renewal discount.
  • State Farm includes discounts for multiple autos, accident-free, safe vehicle, defensive driving training, anti-theft, student away at school, and good student.
  • Allstate offers premium reductions for good payer, 55 and retired, economy car, FullPay discount, and utility vehicle.
  • GEICO offers discounts for federal employee, defensive driver, driver training, seat belt use, emergency military deployment, multi-policy, and multi-vehicle.

When comparing rates, check with every insurance company which discounts you qualify for. Discounts might not be offered on policies in every state. To see a list of insurance companies offering car insurance discounts, click here to view.

Buyer beware of car insurance advertising tricks

Car insurance providers like State Farm, Allstate and GEICO constantly bombard you with ads in print and on television. They all seem to make the same claim that drivers will save a bundle if you move to them. How does every company cost less than your current company? It’s all in the numbers.

Insurance companies offer their best rates for the type of customer that will add to their bottom line. An example of a desirable risk might have to be a mature driver, has never had a claim, and has a short commute. Anyone that fits those parameters will get very good prices and have a good chance to save if they switch.

Potential insureds who fall short of these standards will get a higher premium which leads to the prospect going elsewhere. The trick companies use is to say “drivers who switch” not “everybody who quotes” can save as much as they claim. That’s why insurance companies can confidently make it sound like they have such great auto insurance rates.

Because of the profiling, you absolutely need to quote coverage with many companies. It is just not possible to predict which car insurance company will have the lowest rates for your situation.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your vehicles, there is no best way to insure your cars. Every situation is different so your insurance should reflect that These are some specific questions can help discover whether you would benefit from an agent’s advice.

  • Should I buy only the required minimum liability coverage?
  • What is the difference between comprehensive and collision coverage?
  • What if I don’t agree with a claim settlement offer?
  • Am I covered if I break a side mirror?
  • Why do I only qualify for high-risk insurance?
  • At what point should I drop full coverage?
  • Is extra glass coverage worth it?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Auto insurance coverage information

Knowing the specifics of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverage types found on the average insurance policy.

Liability auto insurance – Liability coverage can cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims like funeral expenses, medical services, court costs, loss of income and pain and suffering. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Collision coverages – This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, crashing into a ditch, rolling your car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like rehabilitation expenses, dental work, X-ray expenses, hospital visits and doctor visits. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Comprehensive coverage – This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, hail damage and damage from flooding. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz CL-Class.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Compare but don’t skimp

When getting car insurance quotes online, never sacrifice coverage to reduce premiums. There are a lot of situations where an insured dropped liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

We just covered some good ideas how you can shop for 2003 Mercedes-Benz CL-Class insurance online. The most important thing to understand is the more price quotes you have, the better likelihood of getting cheap car insurance. Drivers may discover the lowest priced car insurance comes from a small mutual company. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.

Affordable 2003 Mercedes-Benz CL-Class insurance can be purchased both online in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not offer online rate quotes and usually these regional carriers prefer to sell through independent insurance agents.

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