Mercedes Benz Car Insurance

A German luxury automotive marque, Mercedes Benz, was founded in 1926. It became the largest seller of passenger cars in the world by selling 2.31 million units in 2018.

Currently, it takes part in four motorsport events, Formula One, Formula E, Formula Three and GT3.

Additionally, the wholly-owned subsidiary of this German manufacturer, Mercedes Benz India Pvt Ltd, was established in 1994. It had a production output of 15,538 units as of 2018.

The Indian subsidiary sold a number of units across the country. As of 2021, it sold around 11,242 cars reaching the topmost position of the luxury car segment for the seventh time in a row.

If you own a Mercedes Benz car, you should know the risks and damages it is susceptible to due to accidents and other unfortunate incidents. Repairing such damages can burn a hole in your pocket if you do not have proper Mercedes Benz car insurance.

Considering this, you should obtain Mercedes Benz car insurance online from a reputed insurer. Moreover, a well-rounded insurance plan reduces financial as well as legal liabilities. As per the Motor Vehicles Act, 1988 mandates, if you drive a car without at least a third-party insurance plan, you are liable to pay huge fines.

In addition, insurance for Mercedes Benz cars comes with a host of other benefits like No Claim Bonuses, lower premiums, add-on facilities depending on your insurer and the respective plan.

Thus, before choosing car insurance for Mercedes Benz, you should compare several plans from different insurers with respect to the aforementioned points.

In this regard, you can settle for insurers like Digit due to its competitive Mercedes Benz car insurance price, easy claim process, add-on policies and more.

Following are the Add-ons for Mercedes Benz Car Insurance:

• Zero Depreciation Cover
• Return to Invoice Cover
• Tyre Protect Cover
• Breakdown Assistance
• Consumable Cover
• Engine and Gear-box Protection Cover
• Daily Conveyance Benefit
• Key and Lock Protect
• Loss of Personal belongings
• Pay as you drive Cover
• EV Shield Add-on Cover

Bringing a revolution into the auto industry, the automotive corporation Daimler introduced high-end luxury sedans under the brand name Mercedes in 1926. Together with Tata Motors, Mercedes introduced its vehicles to the Indian roads in 1954. They started by giving the Indian market commercial vehicles. But soon began to manufacture cars in the Sedan, Cabriolet, SUV, MPV, and Maybach segments.

Other than the private cars, Mercedes-Benz has also earned high fame in manufacturing the most sought after iconic sports cars. This German carmaker offers some of the most reliable models including the E-class. The price of Mercedes-Benz Cars starts from Rs.29.89 lakhs for A-Class, while the most expensive model in the line is priced at Rs.2.32 crore. The brand offers a total of 15 models for sale in India. Out of these, Mercedes-Benz CLA, Mercedes-Benz A-Class, Mercedes-Benz GLE are the most popular car models.

The German Car brand has bagged many awards over the years. The brand won accolades such as the  “Best Brand Award” by Auto India in 2011, “Favorite Chauffeur Driven Car-E Class” by AutoBild, and many more.

You can trust the brand for its engineering and build quality. When buying such an expensive premium segment car, it is important that you protect it. Getting your car insured is the best way to do it. Car Insurance is also a mandatory requirement as per the Motor Vehicle Act in India.

Why Should You Buy a Mercedes Benz?

• Sense of Luxury: The brand actually connected people with luxury. It is the first brand to have patented “vehicle-powered by a gas engine”.
  
• Fuel Economical and Environmental Friendly: Mercedes-Benz makes cars that are fuel-efficient thereby adding that economic advantage to your pocket. The environmental-friendly engines emit less harmful gases.
  
• Innovatively Engineered Cars: The cars from Mercedes-Benz are innovatively engineered. There is absolutely no in-cabin noise when you ride a Mercedes. Each car model is backed by the Intelligent Drive Assistance System, Mercedes-Me Connect, and MBUX Multimedia System.
  
• Excellent after Sales Service: Renowned for its excellent after-sales service, the German automaker does not leave your hand when your car needs service.
  
• Safety Features: Mercedes-Benz cars are equipped with Pre-Safe Technology. It prepares the car and driver for an imminent accident. The technology helps prepare the vehicle for the collision by tightening seat-belts, adjusting the front head restraints, and even closing the sunroof and windows. You will find it easy to drive at night as the car comes with Night-View Assist Plus. The cars have Pre-Safe Brake and Distronic Plus Technology. It will alert the driver audibly when it senses an accident.
  

Here is why Mercedes Car Insurance is important:

• Makes You Legally Compliant: As per the Motor Vehicles Act, you must have a Car Insurance. You are not allowed to drive a Mercedes or any other car without an insurance policy. And if you do so, you will be bound to pay Rs.2000/- as a penalty.
  
• Saves You from Own Damage Expenses: Car Insurance Policy will pay you when your car needs repair due to some loss/damage. When it is a Mercedes, the cost of repair and the spare parts can be higher than any other generic car brand. Such losses may arise due to fire, theft, accident, and natural calamities which can be very heavy on your pockets and sometimes beyond your capacity too.
  
• To Pay off Your Third-Party Legal Liability: When you are held liable for causing bodily injury or property damage to a third-party with your Mercedes, then you are legally answerable to the third-party loss. In such cases of your fault, the insurer will bear the cost of the third-party loss on your behalf.
  
• Enhance the Scope of Basic Car Insurance: You can enhance the scope of cover under Car Insurance by buying add-on covers. It will help you protect your Mercedes from losses that are not covered under the basic car insurance policy. Such losses can arise from striking objects on the road which may harm the framework under the  engine and transmission line.
  

Factors that Affect the Mercedes Car Insurance Premium

Some factors that affect the Mercedes Car Insurance Premium includes:

• Value of the Car: The IDV of the car affects the car insurance premium. The higher the value, the more will be the premium.
  
• Capacity of Engine: Higher the Engine Cubic Capacity, more will be the Third-Party Premium. Hence, the overall premium amount will rise.
  
• Place of Registration: Registration in metropolitan cities will attract high insurance premiums. In urban cities, the number of vehicles is higher which indicates a higher probability of accidents. 
  
• Higher Voluntary Deductible: Opting for a higher Voluntary Deductible reduces the insurance premium. But with this, you will have to pay your share in case of a claim.
  
• Coverage Type: For a Comprehensive Package Policy, the premium will be more in comparison to that of Standalone Third-Party Liability policy. 
  
• Add-On Covers: Buying add-on covers will increase the car insurance premium. Every add-on that you will choose under the policy will have its independent cost.
  
• No Claim Bonus: You get a discount on car insurance premium for a claim-free year. This discount will be applicable on the premium while you are renewing the policy.
  
• Age of the Car: The premium of the car is governed by the age of the car to some extent. The increase in the depreciation value with time results in a decrease in the IDV amount, which may lower the premium.
  

You can choose Digit Insurance as it:

• Offers Competitive Premium Rates: The premium is fairly computed and competitive rates are offered. There are no hidden costs. 
  
• Type of Insurance Policy: Digit Insurance offers two types of Car Insurance Policies. One is the Comprehensive Package Policy that covers your own damages and third-party losses as well. Second is standalone Third-Party Liability Policy which will pay the third party, on your behalf, if you are at fault for causing some bodily injury or property damage to them.
  
• Offers Add-On Covers: Numerous add-on covers are available, like Tyre Protect Cover, Zero Depreciation Cover, Breakdown Assistance, Engine and Gearbox Protection, etc. For Mercedes, you can buy Zero Depreciation Cover. It will help you cancel the depreciation applicable to the spare parts at the time of the claim. You can also choose Return-to-Invoice Cover. It will work for you when you suffer a total loss of your car due to accident or theft.
  
• Allows to Customize the IDV: Digit Insurance allows you to choose an IDV for your car. You can customize the value of your car as per your need.
  
• Simple Online Procedure: From buying to filing claims, Digit Insurance has made its complete procedure online. The insurer offers a smartphone-enabled procedure.
  
• Large Network of Garages: Digit Insurance has a wide network of garages that will offer you cashless repairs. Doorstep pickups and drop are some of the added advantages.
  
• Fast Claim Settlement: Digit maintains a high claim settlement ratio with a super-fast claim processing.
  

Looking to reduce the premium paid towards your Mercedes Benz’s insurance? 

Following are a few ways to do so! 

• Choose a Higher Deductible: With your Mercedes Benz insurance, you will be required to pay a compulsory deductible as per IRADAI directives. Alongside this, you can choose to pay voluntary deductibles during a claim, by virtue of which you can reduce the premium paid towards the policy. 

• Avoid Making Small Claims: If you make claims for small damages, you miss your NCB and consequently do not enjoy any discounts on your premium. Therefore, if your car’s repair is not costing you much, it is better to avoid making claims. 

• Compare Premiums: Make sure you conduct proper research and choose the most affordable policy in the market. In this respect, Digit’s Mercedes Benz insurance policy (starting at Rs.2702) is cost-effective and offers maximum benefits.  

These are, thus, a few ways through which you can lower the premium for your Mercedes Benz insurance purchase or renewal. 

However, make sure you do not compromise on your policy benefits while seeking lower premiums payable! 

Happy driving!