2007 Mercedes-Benz S-Class Insurance Cost

Trying to find the cheapest insurance coverage rates for your Mercedes-Benz S-Class? Paying more affordable prices for Driversinsurance coverage might be very difficult for drivers who have little experience buying insurance online. There are so many companies to choose from that it can easily turn into a difficult mission to find the perfect company for you.

Consumers should take time to do price comparisons before your policy renews because insurance coverage rates go up and down regularly. Just because you had the lowest premium rates on S-Class coverage two years ago you can probably find a lower rate today. You can search a lot of insurance coverage online, but in a few minutes you can learn some of the best ways to stop overpaying for insurance.

You may qualify for discounts

Some insurers don’t list every discount they offer in a way that’s easy to find, so the below list has some of the best known as well as the least known savings tricks you should be using when you buy car insurance online.

• Professional Organizations – Belonging to a civic or occupational organization can get you a small discount when shopping for car insurance.
• Student in College – Children who attend college more than 100 miles from home and won’t have access to an insured vehicle can be insured at a reduced rate.
• Defensive Driver – Taking time to complete a defensive driver class may get you a small discount and easily pay for the cost of the class.
• Senior Discount – Drivers that qualify as senior citizens are able to get a small decrease in premiums on S-Class coverage.
• Low Mileage – Maintaining low annual mileage may allow you to get better prices on cars that stay parked.
• Service Members Pay Less – Having an actively deployed family member could trigger a small discount.
• Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
• Own a Home – Owning a house can earn you a little savings because owning a home is proof that your finances are in order.

Discounts save money, but please remember that many deductions do not apply to the entire cost. Most cut specific coverage prices like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, you aren’t that lucky.

A few companies that may have these benefits include:

• AAA
• Progressive
• State Farm
• Esurance
• Nationwide

When getting a coverage quote, ask all companies you are considering which discounts you qualify for. A few discounts might not be available to policyholders in your area. If you would like to see a list of companies who offer online car insurance quotes, click here to view.

Smart consumers can cut their insurance rates

Lots of things are used in the calculation when you quote your car insurance policy. Some are obvious such as your driving record, but other criteria are not quite as obvious like where you live or how financially stable you are.

• Prices impacted by your city – Choosing to live in less populated areas can save you money when buying insurance coverage. Lower population means a lower chance of having an accident and lower theft and vandalism rates. City drivers have to deal with traffic congestion and longer commutes to work. The longer drive time translates into higher accident risk.
• Frequent claims increase prices – If you are a frequent claim filer, don’t be surprised to see either a policy non-renewal or much higher rates. Auto insurance companies give the lowest premiums to drivers who only file infrequent claims. Insurance coverage is designed for major claims that would cause financial hardship.
• Liability coverage – The liability coverage on your policy is the protection if ever a court rules you are at fault for personal injury or accident damage. Liability insurance provides legal defense up to the limits shown on your policy. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should carry high limits.
• Vocation stress can affect insurance coverage rates – Did you know your occupation can influence how much you pay for insurance coverage? Occupations such as judgespolice officers and stock brokers usually pay higher premiums than the average policyholder because of stressful work requirements and incredibly demanding work hours. On the flip side, jobs such as professors, students and performers pay the least on S-Class coverage.
• Little extras can really add up – Insurance policies have a lot of optional add-on coverages that sound like a good idea at the time if you don’t pay attention. Add-on coverages like vanishing deductibles, death and dismemberment, and extra life insurance coverage may be wasting your money. They may seem good initially, but if you’ve never needed them in the past remove them from your policy.
• Raise comp and collision deductibles and save – Insurance for physical damage to your car, also known as collision and other-than-collision, insures against damage to your Mercedes-Benz. Some examples of covered claims are a windshield shattered by a rock, hitting a deer, and damage from a fallen tree branch. Comp and collision deductibles represent how much money the insured will be required to pay if you file a covered claim. The more you choose to pay out-of-pocket, the bigger discount you will receive on S-Class coverage.

There’s no such thing as the perfect car insurance policy

When it comes to choosing the best car insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.

For instance, these questions can help discover whether your personal situation might need professional guidance.

• Should I have a commercial auto policy?
• Will my rates increase for filing one claim?
• When can my company non-renew my policy?
• Am I getting all the discounts available?
• Can I afford to buy a different vehicle if my 2007 Mercedes-Benz S-Class is totaled?
• Are split liability limits better than a combined single limit?
• Do I have coverage when pulling a U-Haul trailer?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form.

Insurance coverage ads bend the truth

Big name companies like 21st Century, Allstate and State Farm seem to constantly run television, radio, and online ads. All the ads tend to make the same promise that people will save just by switching to them. It sounds good, but how can they all charge lower premium rates? This is the trick they use.

All the different companies have underwriting criteria for the type of driver that will be a good risk. For instance, this type of insured might have to be over age 30, is a homeowner, and has a short commute. Any new insured who matches that profile will qualify for the lowest prices as well as save some money.

People who cannot meet these criteria will have to pay more expensive rates which usually ends up with the driver buying from a lower-cost company. If you pay attention, the ads say “people that switch” not “everyone who quotes” save that much money. That’s why companies can make it sound like they have such great premium rates.

That is why you absolutely need to get car insurance quotes as often as possible. It is just not possible to predict which insurance companies will give you lower car insurance rates than your current company.

Insurance specifics

Knowing the specifics of insurance helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills for nursing services, rehabilitation expenses and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers you and your occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive protection

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, rock chips in glass, damage from flooding, hitting a deer and fire damage. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability insurance

This coverage provides protection from damage that occurs to a person or their property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for claims such as medical expenses, structural damage and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This covers damage to your S-Class resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, driving through your garage door, rolling your car, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently these limits do not exceed the liability coverage limits.

Better coverage you can count on

Insureds leave their current company for many reasons like high rates after DUI convictions, lack of trust in their agent, denial of a claim or even delays in paying claims. No matter why you want to switch, switching insurance coverage companies is pretty simple and you could end up saving a buck or two.

Budget-conscious 2007 Mercedes-Benz S-Class insurance is available on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies do not offer online price quotes and usually these smaller providers provide coverage only through local independent agencies.

You just read a lot of techniques to save on 2007 Mercedes-Benz S-Class insurance. The key thing to remember is the more times you quote, the higher your chance of finding cheaper car insurance. Consumers may even find the best car insurance rates are with a lesser-known regional company.

Helpful information

• State Car Insurance Guides (Geico)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• How to Avoid Common Accidents (State Farm)
• Collision Insurance Coverage (Nationwide)
• Child Safety Seats (Insurance Information Insitute)