Insurance premiums for Mercedes vehicles can be high, but discounts and other perks can help to bring down annual premium costs.
MoneyGeek found that Mercedes Benz CL600 car insurance costs an average of $1,848 annually with full coverage - this figure ranks it second most costly out of four Mercedes models they analyzed and ranks poorly when compared with luxury rivals.
Basic Coverage
Mercedes Benz CL 600 Coupes are luxurious sports cars that provide excellent fuel economy and include numerous cutting-edge safety features. However, insurance can be quite costly to cover this vehicle in certain states; getting multiple quotes to find the most cost-effective coverage could cost as much as $5,900 annually depending on where you reside and your driving record.
Insuranceopedia Explains Mercedes CL 600 Car Insurance
This table details average Mercedes CL 600 Coupe car insurance rates across several states. They are calculated using an assumed driver profile: an independent 40-year-old with no driving convictions and good credit who also maintains a standard deductible of $250 as well as liability limits of 100/300/50.
Liability coverage is legally mandated in most states and covers any property damage or medical costs caused by you during an accident that you cause. It typically remains the most affordable component of auto policies; loan and lease contracts often mandate liability coverage as part of their agreement - in this case for the Mercedes CL 600 Coupe this would cost about $372 annually.
Comprehensive car insurance provides additional financial coverage in case your Mercedes Benz CL 600 Coupe is damaged in an accident that was not your responsibility. Lenders often require this form of coverage; and any car owner should strongly consider purchasing it at an annual cost estimated to be around $444 for this particular model.
Collision coverage is an optional add-on to comprehensive car insurance that will assist your Mercedes Benz CL 600 should it become involved in an accident with another object or another car. Collision is generally required when financing or leasing a car, and is strongly suggested as it tends to be the costliest part of a policy; on average it costs roughly $1,398 annually for the Mercedes Benz CL 600.
Comprehensive Coverage
Comprehensive car insurance covers damage caused by events outside your control, as well as costs related to repairs or replacement in case of collision with another vehicle or object. It helps pay to repair or replace your Mercedes Benz CL600 when involved in an accident with another vehicle or object. While the average cost of full coverage insurance is around $134 monthly, your exact premiums will depend on various factors. Your car's age and value have an effect on its rate as does selecting a deductible amount that makes an impactful statement about who drives. Setting a higher deductible can help you lower premiums, though this will require paying out-of-pocket more in case of an accident. Furthermore, shopping around and taking advantage of discounts such as good driver, safe driving, multi-policy and home ownership (bundling) discounts is another effective way of bringing down car insurance rates.
Mercedes-Benz CL600 insurance premiums may be higher than many other luxury vehicle models; however, they still fall lower than some. Lexus and Acura costs are slightly more than Mercedes Benz CL600 costs but significantly less than BMW or Infiniti models; Volvo makes up two of the cheapest competitors to insure among luxury models.
Mercedes Benz CL600 GLA 250 models are the least costly to insure annually at just about $3,153 annually; however, keep in mind that car insurance costs vary depending on where you reside so make sure to shop around to find the best possible rates in your state. Take into consideration purchasing collision and comprehensive coverage as this could reduce your insurance rates up to 30%. Doing this will allow you to protect your investment with confidence as you drive with peace of mind. Use online tools such as The Zebra to compare quotes from leading providers like GEICO and Allstate, though always read through all fine print before signing any contract and speaking to an insurance agent to ensure you have sufficient coverage within your budget. Lastly, compare rates regularly as prices can change quickly.
Collision Coverage
Luxury vehicles such as the Mercedes Benz CL600 may require higher auto insurance premiums due to the costs associated with repair or replacement in case of an accident. A comprehensive policy typically provides coverage against non-collision events while collision covers any collision with another vehicle or object; uninsured motorist and medical coverage are usually also included within these policies.
Your car, driving record and credit history all play a factor in your premium rate. In addition, age and location may also have an effect - younger drivers in particular can face more expensive premiums than seniors due to insurance based on driving history; similarly those with poor records could see their premiums skyrocket; however some companies offer telematics insurance as a solution that encourages drivers to improve driving habits while decreasing costs.
On average, insuring the Mercedes-Benz CL600 tends to be more costly than other luxury vehicles and less so than exotic models like Porsche Panamera Turbo or Audi A8L. Still, however, its premiums tend to exceed typical sedans such as Toyota Corolla or Ford Fusion models.
As well as their driving history and personal circumstances, a driver's Mercedes-Benz is also a factor. For instance, while SUV and convertible models such as the GL are relatively more cost effective options than Maybach S580 or AMG GTs with higher rates.
As you shop for auto insurance, take into account all aspects of its costs such as purchase price, fuel economy and maintenance expenses. Furthermore, investigate additional coverage such as roadside assistance or vehicle replacement value plans which can provide financial relief in case of an accident or theft.
Shopping around for the best rates is also essential. Many drivers discover their current provider isn't providing them with the best offer. To start exploring alternative providers online and compare rates without divulging sensitive details such as age, phone number, credit score or address.
Liability Coverage
An effective full coverage policy includes liability as well as comprehensive and collision coverage - these help cover damages to your Mercedes Benz CL caused by events not related to traffic collisions), as well as optionally offering repair or replacement if involved in an accident with another car or stationary object. Medical and uninsured motorist coverage are also optional and premiums will depend upon which options you select as well as location, driver profile and vehicle value factors.
Mercedes cars tend to carry some of the highest insurance rates among luxury brands, though this doesn't hold true for every model in their lineup. MoneyGeek found that the Mercedes-Benz GLA 250 had the least costly premium, while AMG C 63 insurance premiums were higher still.
As the first step toward finding cost-effective auto insurance for your Mercedes Benz CL, comparing quotes is key. Doing this allows you to identify top companies in your area that provide competitive pricing on coverage options that match up to your needs and budget. Once compared, select a policy which offers what meets those criteria best.
Below are a few tips that may help reduce your Mercedes Benz CL (2004) car insurance costs, based on personal experience and research of top-rated providers in your area. Mercedes Benz CL (2004) car insurance costs depend on various factors, including your location, driving record and credit report. With such credentials at your disposal, it should be easier to secure a great deal on car coverage. However, if your driving record is less than ideal, shopping around may be necessary in order to find the most competitive rate. Young drivers can often benefit from getting a good grades discount or taking driver education classes; furthermore some insurers provide telematics policies, which use devices inside your car to monitor driving habits.