Sports car has a lot higher insurance cost. G Class is one of the examples. The cost of auto insurance for Mercedes G Wagon takes you around $14,544 for five-year ownership. Compared to other types of car, G Class has got higher insurance cost. It is all because sports car is regarded as high risk cars. The risks are both theft and accidents.
Even though type of car is not changeable, apparently your G Class is not the only factor that affects the rate. An insurance expert said that driving record and credit history are two primary factors that affect the rate. Of course, keeping them as clean and good as possible is the only way to get low cost insurance. However, G Class insurance cost will keep higher due to some other causes. Let’s see them and how to get you lowest rates.
Learn about G Class Insurance
Actually, before you purchase a G Class or Mercedes G Wagon, you must have realized that the insurance cost for this type of car is expensive. Well, it is never wrong low cost but it is not possible for this type of car.
Let’s see how long you have got your car? One year, two years or may be more than five years? Cost of auto insurance for Mercedes G Wagon is highly affected by the old of the vehicle. On the first year of ownership, the insurance cost reaches up to almost $3,000 per year, but on the fifth year, it reduces up to around $2,800 per year.
Well, new cars are highly risky for thefts and accident at the same time, just like what previously mentioned. Not only standard requirements or coverage, new Mercedes G Wagon deservedly carries comprehensive/collision coverage to cover the car from damage (since new car repair is incredibly costly) and loss.
Even if the car has been five years, the cost of auto insurance for Mercedes G Wagon is still high. But, you can hope that the cost keeps reducing by years. This fact has two implications. The cost of insurance is affected by the period of ownership and the carried coverage.
Let’s Talk the Reality!
The budget allowance is the next consideration before you decide to purchase insurance for your G Class. Whether you have new G Wagon or the one that has been more than several years, let’s talk the reality.
With a lot of things you have to cut corners every month, carrying the standard requirements can be sufficient (but with higher limit). It remarkably reduces the cost of auto insurance for Mercedes G Wagon.
But, you will be at higher risk for car loss and damage if you have a new one. It can be suitable for G Class that has been more than five years. Insurance is about protection. When you put this aside, you let yourself and your G Class unprotected.
So, first of all, you have to determine the needed coverage with budget allowance and the possible protection as the primary considerations. Only then, you can start shopping around to get low cost of auto insurance for Mercedes G Wagon.
It is useful to compare and choose the possible insurance plan that enables you to save money but get better coverage. Here, you are in advantaged side since a lot of companies advertise themselves to attract you. But, do not get amused so fast. Get some quotes first to see which gives you the best deal.
Get quotes with same coverage and you will see the one that enables you to save money a lot. However, clean driving history and good credit history are two things that you must carry to get low cost of auto insurance for Mercedes G Wagon.