Luxury Mercedes Auto Insurance at Affordable Prices

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Things to Remember...
  • No matter what type of vehicle you drive, you are required to purchase insurance for it
  • Luxury cars are more expensive than regular cars
  • Kelly Blue Book is an excellent site that will provide an approximate worth for your vehicle based on its mileage, safety features, age, make, and model
  • One way to increase your driving skills is to take a defensive driving course
  • You may be able to save money by increasing your deductible
  • When you increase your deductible, make sure you have at least that same amount of money put away in case you are involved in the unfortunate event of an accident

No matter what type of vehicle you drive, you are required to purchase insurance for it. Luxury cars

Luxury cars usually cost more to insure because they are more expensive than the average car, but it is possible to find auto insurance at an affordable cost for luxury cars if you know what to look for.

Compare auto insurance rates now when you enter your ZIP code into the FREE rate finder on this page!

The Mercedes is a top-end luxury vehicle. It is one of the most beautiful and well-handled vehicles on the road.

But having an expensive car can put a strain on your finances, so finding an affordable insurance policy is important.

Luxury Cars Require More Insurance

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Luxury cars are more expensive than regular cars. They are fashioned with more whistles and bells than the ordinary car is. They are usually sportier, faster, and prettier.

But these wonderful little extras tend to increase the cost of the car. The more expensive a car is, the more expensive it will be to repair it in the event of an accident or theft.

On average, the Mercedes has been listed as one of the least likely vehicles to be stolen due mostly in fact to its indulgence of safety features.

This helps to average into the cost of your auto insurance policy. If your car is not likely to be stolen, then your insurance agent saves money, which in turn helps to lower your insurance rate.

Shop Around for Other Insurance Carriers

Luxury cars, such as the Mercedes, are expensive. Expensive cars usually carry expensive auto insurance policies. Insurance agents know that sometimes luxury cars require parts that must be imported.

In order to strike a balance and recoup what they will pay to repair a damaged Mercedes, they need to charge higher insurance rates.

According to CBSNews.com, the average auto insurance policy for a luxury Mercedes can land somewhere between $2,000 – $4,000 annually. That is quite a jump when you consider that a new minivan will only cost you about $1,000 annually.

Insurance agents will use the current value of your car as a starting point regarding what they will charge you for an auto insurance policy for your Mercedes.

You can prepare yourself with a little knowledge beforehand by visiting the website for the Kelly Blue Book. This is an excellent site that will provide an approximate worth for your vehicle based on its mileage, safety features, age, make, and model.

Shop around and compare no less than three auto insurance quotes before you decide upon an insurance carrier. Be a haggler. Do not settle on the first quote that you are given.

Use the quote from a previous agent to haggle for a better quote from another agent.

Since they are in competition with one another, they will usually try to either match their competitor quotes or provide a lower rate to entice you to purchase a policy from them instead.

Insurance carriers are not biased when it comes to discounts.

Just because you are financially stable enough to afford a luxury Mercedes does not mean that you will not qualify for an insurance discount.

Ask about multiple car discounts, safe driver discounts, active duty and military veteran discounts as well. You may be pleasantly surprised at just how much your monthly premiums can decrease due to a couple of discounts you did not even know you qualified for.

Mercedes Have More Safety Features than Regular Cars

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A luxury Mercedes comes with a built-in anti-theft device. This security system is top notch because it is an ignition disabling device and not just a system that makes siren noises to alert people that it is being stolen.

If the proper manufacturer key is not used, the engine will not start, and the car is completely immobile. This type of anti-theft system can deduct hundreds of dollars from your insurance premiums.

As with any other type of vehicle, if any type of alarm system is installed, it will help to decrease the chances of it being stolen. This, in turn, helps to lower your insurance premiums.

But the better the security system, the more your auto insurance policy is lowered and the more affordable it becomes.

All vehicles come equipped with some safety features, but the Mercedes has more than the standard features. Anti-lock brakes, front and side airbags, and a security system are standard in most vehicles including a luxury car such as a Mercedes.

Mercedes have several special anti-accident features.

Radar sensors on the bumpers alert the driver when another vehicle is within a certain distance and, if you try to change lanes, an alarm will sound.

By alleviating the dreaded blind spot, many accidents can be prevented.

Anti-whiplash, knee airbags, overhead airbags, and stability control are just a few more standard safety features that can add to the decrease of your insurance policy and help make it more affordable.

Another great little feature the luxury Mercedes has is known as Lane Assist. If the car senses that you are drifting out of your lane, the steering wheel will vibrate.

By alerting a sleepy driver, this safety feature can save countless lives as well as thousands of dollars in damages. This is another feature that will help to lower the cost of your insurance policy.

Accidents are not always caused by poor driving. A great driver could be involved in an accident because of lack of tire traction on a slippery road or poor night vision due to limited headlight illumination.

But luxury cars, especially Mercedes, go above and beyond with their safety features as outlined on their website. This added protection helps to keep the driver and car from being involved in an accident that could have been easily prevented.

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Your Credit Score Matters

Insurance agencies generally run a credit check on their customers. The common logic to this is that if you, as a customer, have a good credit score then you are deemed as a good risk.

This means that you are responsible with your finances, pay your bills on time, and know how to balance your income. The bottom line is that if you have a good credit score, you are more likely to have a lower auto insurance rate.

Most people have a general idea of the range that their credit score falls into. However, for those who do not, it is not a difficult task to find out where your credit score is.

Your credit score is determined by three main reporting agencies: Experian, TransUnion, and Equifax. These three companies report any debt linked to your name.

The Federal Trade Commission (FTC) states that the Fair Credit Reporting Act (FCRA) requires these three companies to provide the necessary information regarding your credit and to provide that information to you for free.

With some fancy calculations, your credit score is determined and assigned to you.

This is a free service that is offered to the general public. It provides a free credit report to you once per year.

If you would like to have a credit report more than just on an annual basis, it is possible, but there is a fee associated with it. Just visit AnnualCreditReport.com for a free credit report.

Pay Higher Deductibles

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A luxury Mercedes is more costly than the average vehicle. Therefore, it stands to reason that the person who can afford this type of car can also afford an expensive insurance policy.

But that does not have to be the case. You may be able to lower your monthly premiums by up to 35 percent by opting to increase your overall deductible.

If your current deductible is $250, try increasing it to $500. Better yet, push it up to $1,000. The higher your deductible is, the lower your monthly premiums will be. Before too long, you will begin to notice a nice bit of savings on your policy.

When you increase your deductible, make sure you have at least that same amount of money put away in case you are involved in the unfortunate event of an accident.

The deductible is what you must pay up front when you file a claim for auto repairs. Tuck that money away for safekeeping, and enjoy your monthly savings on a lower premium.

Insurance serves the purpose of providing a way to cover all repairs to your vehicle regardless of the type of vehicle you have. No one wants to be involved in an accident.

Whether you are involved in a simple fender bender or something more serious, your insurance carrier is there to offer you protection and to help repair your vehicle.

By paying a higher deductible, you could actually be saving money in the long run.

A deductible is the amount of money that you must pay out of your own pocket towards repairs to your car if you are involved in an accident. Then the insurance company will pay the rest.

If you are not involved in any accidents for the duration of that policy, then you will not be required to pay a deductible, only your monthly insurance rates, thus saving you money.

If you decide to increase your deductible and are successful at avoiding any accident claims for a year or two, it is possible that you could save enough money from paying a lower monthly premium to more than cover the cost of your deductible should you need it.

Mercedes are Less Likely to Be in Accidents

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Owners of a Mercedes luxury car have been found to have a lower accident rate than non-luxury vehicles. This statistic is very important because it helps to reduce the amount of liability insurance that is required by your insurance policy.

Just because you drive a Mercedes luxury car does not make you exempt from needing to be a skilled and careful driver. One way to increase your driving skills is to take a defensive driving course.

It will help to provide the skill of handling a car that possesses a large amount of power like that a Mercedes has and it will help to lower the cost of your auto insurance rates.

Search for the best auto insurance rates for FREE when you enter your ZIP code in the quote tool found here!

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