Mercedes CLS 550 Insurance Rates

You have many choices when shopping for car insurance for your Mercedes CLS 550. You can get prices from an insurance agent or shop online to compare rates from companies. Buying car insurance by quoting online is easy, in addition you may find lower rates.

People who are new to comparing rates may think buying cut-rate Mercedes CLS 550 insurance is hard. The are a couple different ways to compare rate quotes from car insurance companies in your area. By far the easiest way to compare Mercedes CLS 550 insurance rates is to get quotes online. This is very easy and can be done by comparing rates here.

Criteria which help determine your insurance rates

Insurance premiums for your Mercedes CLS 550 will vary greatly based upon several criteria. A few of these criteria are:

• The performance level of your CLS 550
• Your accident history
• Multiple policies can save money
• Pleasure, commuting or business use can affect rates
• Optional coverages like vehicle replacement
• Your job
• The amount of protection requested
• Owning a home can lower rates

One important consideration that helps determine your rates is the age of the vehicle. Older models have a much lower replacement value compared to new CLS 550 models so the payout to repair will push premiums down. But new CLS 550 models have more advanced features including lane departure warning system, anti-lock brakes, and adaptive headlights so those may lower rates.

Liability coverages

Liability insurance provides protection from injuries or damage you cause to other's property or people in an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so buy as much as you can afford.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle's occupants when the "other guys" either have no liability insurance or not enough. Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills like ambulance fees, surgery, and doctor visits. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. PIP is not universally available and gives slightly broader coverage than med pay.