2008 Mercedes-Benz GL-Class Insurance Rates – 7 Policy Discounts

Are you burned out from sacrificing other expenses to insure your Mercedes-Benz every month? Your situation is no different than the majority of other consumers. Since you have so many insurance companies to choose from, it can be impossible to locate the cheapest insurance provider.

It’s smart to compare premium rates yearly because insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best rate for GL-Class insurance a couple years back you may be paying too much now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to one of the quickest ways to find better coverage at a better price.

Are you getting every discount?

Insurance is not cheap nor is it fun to buy but you might find some hidden discounts that can dramatically reduce your bill. Many discounts should be triggered when you get a quote, but a few must be specifically requested prior to getting the savings.

• New Vehicle Savings – Putting insurance coverage on a new car is cheaper because newer models have to meet stringent safety requirements.
• Homeowners Pay Less – Owning a home can earn you a little savings because of the fact that having a home demonstrates responsibility.
• Seat Belt Discounts – Buckling up and requiring all passengers to use a seat belt could cut 10% or more off PIP or medical payments premium.
• Military Discounts – Being deployed with a military unit could qualify you for better rates.
• Government Employee Discount – Simply working for the federal government could provide a small rate reduction for GL-Class insurance with select insurance companies.
• Payment Discounts – If you pay your bill all at once instead of paying each month you can avoid the installment charge.
• Discount for Passive Restraints – Options like air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.

Keep in mind that some of the credits will not apply to the entire policy premium. Most only reduce individual premiums such as medical payments or collision. Despite the fact that it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

If you would like to view insurance companies that have a full spectrum of discounts, click this link.

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Can you really save $418 a year?

Drivers can’t get away from all the ads for the lowest price auto insurance from the likes of 21st Century, Allstate and State Farm. They all advertise claims that you can save if you change your policy.

How is it possible that every company can offer drivers better rates? Here is the trick they use.

Insurance companies provide the lowest rates for the type of insured that earns them a profit. A good example of a profitable insured might have to be a mature driver, has other policies, and drives a lower-performance vehicle. A customer who matches that profile will get low rates and is almost guaranteed to save some money.

Drivers who cannot meet these stringent criteria may receive higher prices and ends up with the customer buying from a different company. If you pay close attention to the ads, they say “drivers that switch” but not “all drivers who get quotes” save that much when switching. This is how insurance companies can make the claims of big savings.

Because of this risk profiling, you absolutely need to get auto insurance quotes as often as possible. Because you cannot predict the company that will have the lowest rates.

When in doubt talk to an agent

When it comes to buying the best car insurance coverage, there really is no best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

• Does my medical payments coverage pay my health insurance deductible?
• Is a blown tire covered by insurance?
• What is UM/UIM insurance?
• How many claims can I have before being cancelled?
• Does having multiple vehicles earn me a discount?
• What is medical payments coverage?
• Do I need an umbrella policy?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Specific coverage details

Understanding the coverages of your insurance policy helps when choosing the right coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.

Collision – This pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as colliding with another moving vehicle, crashing into a ditch and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, hitting a deer, theft and a tree branch falling on your vehicle. The most 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.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Mercedes-Benz GL-Class.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for dental work, pain medications, surgery and funeral costs. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Liability insurance – Liability insurance can cover damage that occurs to other’s property or people that is your fault. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims like medical services, repair costs for stationary objects and court costs. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

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Get your money’s worth

When trying to cut insurance costs, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where someone dropped collision coverage and found out when filing a claim they didn’t have enough coverage. Your objective should be to buy a smart amount of coverage at an affordable rate, but do not sacrifice coverage to save money.

We’ve covered a lot of tips how to lower your 2008 Mercedes-Benz GL-Class insurance prices. The key concept to understand is the more price quotes you have, the higher your chance of finding low cost auto insurance. Drivers may discover the lowest prices are with an unexpected company. These companies can often provide lower rates in certain areas compared to the large companies like Allstate and Progressive.

More information can be found at these links:

• Understanding Car Crashes Video (iihs.org)
• Auto Crash Statistics (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)

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