Cheaper 2014 Mercedes-Benz S-Class Insurance Rates

Trying to find the cheapest insurance rates for your Mercedes-Benz S-Class? Sick and tired of scraping nickels together to pay your insurance bill each month? Your situation is no different than most other consumers.

Companies like State Farm, Farmers Insurance, Geico and Allstate constantly blast consumers with ads and it can be hard to ignore the promise of big savings and do the work needed to find the best deal.

Lower rate quotes with discounts

Insurance coverage is expensive, but you may be missing some discounts to cut the cost considerably. Certain reductions will be credited at the time of quoting, but a few need to be asked about before you get the savings.

• Smart Student Discounts – Performing well in school can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
• Discount for Multiple Policies – If you can combine your auto and homeowners policy with the same insurance company you could get a discount of over 10 percent off each policy depending on the company.
• Senior Citizen Rates – If you’re over the age of 55, you are able to get better insurance coverage rates for S-Class insurance.
• Defensive Driver – Completing a safe driver class can save you 5% or more and easily recoup the cost of the course.
• Discounts for Multiple Vehicles – Buying a policy with primary and secondary vehicles with the same insurance coverage company can reduce rates for all insured vehicles.

One thing to note about discounts is that most discounts do not apply to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky.

Popular insurance coverage companies and a summarized list of policyholder discounts are shown below.

• Farm Bureau discounts include multi-policy, youthful driver, renewal discount, safe driver, and driver training.
• State Farm offers discounts including safe vehicle, multiple policy, good driver, passive restraint, anti-theft, accident-free, and student away at school.
• Progressive may offer discounts for multi-vehicle, continuous coverage, multi-policy, good student, homeowner, and online quote discount.
• Allstate has savings for premier plus, good student, passive restraint, anti-theft, senior citizen, auto/life discount, and FullPay discount.
• Nationwide policyholders can earn discounts including good student, accident-free, business or organization, anti-theft, and easy pay.
• MetLife may include discounts for good student, good driver, multi-policy, accident-free, defensive driver, claim-free

If you need cheaper auto insurance quotes, ask every insurance company which discounts can lower your rates. Discounts may not be offered in your area. To choose insurance coverage companies who offer insurance coverage discounts, click here.

Buy insurance online

Effectively comparing insurance prices is a ton of work if you don’t know the best way to get rate quotes. You could spend your day discussing policy coverages with insurance agencies in your area, or you can utilize online quoting to achieve your goal.

The majority of car insurance companies belong to an insurance system that enables customers to send in one quote, and each participating company returns a rated price based on that data. This saves time by eliminating quote forms to each individual insurance company. To fill out one form to compare multiple rates now click here to open in new window.

The only downside to doing it this way is buyers cannot specifically choose the providers you want pricing from. If you prefer to choose specific providers to compare, we have assembled a list of companies who write insurance in your area. Click to view list.

Whichever method you choose, ensure you are comparing the exact same coverage limits and deductibles for every quote you compare. If you are comparing differing limits it will be very difficult to decipher which rate is best. Even a minor difference in insurance coverages or limits could skew the results. Keep in mind that comparing more company’s prices provides better odds of finding more affordable insurance. Not every company does quotes online, so it’s important to also get quotes from the smaller companies as well.

What is the best auto insurance coverage?

When it comes to buying the right insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For instance, these questions could help you determine if your situation might need an agent’s assistance.

• Do I really need UM/UIM coverage?
• Does my car insurance cover rental cars?
• Does my insurance cover a custom paint job?
• I have good health insurance, so how much medical payments coverage do I need?
• Are split liability limits better than a combined single limit?
• Does liability extend to a camper or trailer?
• Does medical payments coverage apply to all occupants?
• What if I don’t agree with a claim settlement offer?
• Should I drop comprehensive coverage on older vehicles?
• Is my teen driver covered when they drive my company car?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Detailed coverages of your car insurance policy

Understanding the coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by car insurance companies.

Coverage for medical payments – Med pay and PIP coverage kick in for short-term medical expenses such as rehabilitation expenses, prosthetic devices, dental work and nursing services. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like vandalism, a broken windshield and rock chips in glass. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability insurance – Liability coverage can cover injuries or damage you cause to other’s property or people that is your fault. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things such as bail bonds, emergency aid, legal defense fees, medical services and funeral expenses. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Uninsured and underinsured coverage – This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2014 Mercedes-Benz S-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverages – Collision coverage pays for damage to your S-Class resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like scraping a guard rail, rolling your car, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Find Good Coverage for Less

When buying insurance coverage, you should never buy poor coverage just to save money. Too many times, someone sacrificed liability coverage limits to discover at claim time that the savings was not a smart move. The aim is to purchase a proper amount of coverage at a price you can afford but still have enough coverage for asset protection.

We’ve covered many tips how you can compare 2014 Mercedes-Benz S-Class insurance premium rates online. It’s most important to understand that the more providers you compare, the higher your chance of finding the cheapest auto insurance. Drivers may discover the lowest premium rates come from the smaller companies. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Geico and State Farm.

More detailed car insurance information is located at these sites:

• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Car Insurance FAQ (Trusted Choice)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)