How can I save on my Mercedes-Benz car insurance?
Insurers will use several factors to calculate a price for insuring your Mercedes-Benz. This includes your age, location and driving history. But you can still find ways to lower the cost:
- Paying annually rather than monthly
- Add a named driver
- Increase your voluntary excess
- Shop around and compare quotes
- Estimate your mileage accurately
- Improve your car's security
- Build up your no-claims discount
Paying annually rather than monthly can save you 16%2 on your car insurance. When you pay monthly, insurers add interest to your price, so paying annually is a good way to lower the cost.
Add a named driver whose driving experience can help to reduce your policy's overall risk, especially if you're a young driver. The average premium with just one driver on a policy is £7252. With a named driver, this drops to £5552. But it's important to be honest about who the main driver is or you may be 'fronting', which is illegal and can invalidate your insurance.
Increase your voluntary excess. 62%2 of our customers opt to set their voluntary excess at £250. But the higher you set your excess, the lower your premium might be. You'll need to pay it if you make a claim though, so make sure you can afford the amount you choose.
Shop around and compare quotes. One of the best ways to make sure you're getting a good deal on your cover is to compare different prices. According to our data, the best time to buy your policy is around 26 days before your renewal date2.
Estimate your mileage accurately. Driving more puts you at a higher risk of making a claim, so having a higher estimated mileage usually increases the cost of your policy. Our customers drive 6,621 miles per year, on average2. For drivers that don't do a high number of miles each year, a pay as you go policy may be a more affordable option.
Improve your car's security by installing a steering wheel lock, car tracker, or immobiliser so the risk of your car being stolen is reduced. Parking on a dimly lit street is seen as higher risk than parking in a secure garage and can increase your insurance costs.
Build up your no-claims bonus (NCB). You build a NCB every year you don't make a claim on your insurance, and insurers often offer discounts on each year you gain. Some insurers offer policies which allow you to protect your no-claims bonus. This will often be a feature you can add to a policy for an extra cost, but it allows you to make a certain number of no-fault claims before it affects your NCB.
2Based on Confused.com data December 2022 - April 2023
What types of insurance can I get?
There are 3 levels of car insurance you can choose from:
- Third-party, fire and theft
Mercedes-Benz history and facts
If you’re after an instantly recognisable car, you can’t go wrong with a Mercedes-Benz - if you’ve got the budget for one.
The company, with its three-pointed star symbol, is well known for producing luxurious cars that come with a high price tag, from Formula One models to everyday cars you see on the road including the Mercedes GLA and GLE.
Its motto is ‘The Best or Nothing’ and this is encompassed in the quality and design of the cars, and the price tag.
The first petrol-powered car was produced by Karl Benz in 1886 and it is the oldest automotive brand still around today.
It was patented in 1886 and first marketed in 1901 by Daimler-Motoren-Gesellschaft, which is also known for creating the first motorcycle in 1885.
After the First World War, the two men formed a new partnership and in 1926 the first Mercedes-Benz cars were produced.
In 1958 it began selling its cars in America. In 1995 it created the first autonomous car, the W140 S-Class, which drove along the Autobahn in Germany on its own, fuelled using microprocessors.
Since then it has produced several well-known classic cars, has factories all over the world, and has moved into the electric car market.
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