Average Insurance Costs:
- Annual Premium: Approximately $2,784.
- Monthly Premium: Around $232.
These figures are averages and can vary based on individual circumstances.
Factors Influencing Premiums:
- Vehicle Model: Luxury vehicles like Mercedes-Benz often have higher insurance premiums due to increased repair and replacement costs.
- Driving Record: A clean driving history can lead to lower rates, while violations or accidents may increase premiums.
- Location: Insurance costs can vary by city due to factors like traffic density, accident rates, and local regulations.
- Age and Gender: Younger drivers and males often face higher premiums due to statistical risk factors.
- Credit Score: A higher credit score can result in lower insurance rates, as it’s often viewed as an indicator of financial responsibility.
 ( 25 year old male , Single , Elgin ) |
|---|
| Year/Make Model: 2012 Mercedes Benz Sedan |
| Ownership Status: 1 month |
| Discounts: Automatic Card Payments and Home Owner |
| Selected Coverages With Progressive |
|---|
| Bodily Injury Liability: $25,000 each person/ $50,000 each accident |
| Property Damage Liability: $25,000 each accident |
| Uninsured Motorist Bodily Injury: $25,000 each person/ $50,000 each accident Comprehensive: 500 deductible Collision: 500 deductible |
| Other Rejected Coverages: Underinsured Motorist Bodily |
One of our Elgin clients was in need of the cheapest full coverage rate he could find. He had been shopping around for a quote but had no luck so far. As we looked around we found that Progressive came in at the cheapest with a monthly premium of $465! He was able to obtain this rate with discounts such as Automatic Card Payments and Paperless!
Total 6 Month Premium: $2,970
Monthly Installments: $465
Recommendations:
- Compare Quotes: Obtain quotes from multiple insurers to find the best rate tailored to your circumstances.
- Assess Coverage Needs: Ensure that the policy you choose provides adequate protection for your vehicle and personal situation.
- Consider Discounts: Inquire about available discounts, such as multi-policy bundling, safe driver discounts, or discounts for safety features equipped in your Mercedes-Benz.
What We Do at A Plus Insurance
Homeowners, renters, and mobile home owners: make sure you have the protection you need.
