How Much Does 2015 Mercedes-Benz S-Class Insurance Cost?

Searching for cheaper insurance coverage rates for your Mercedes-Benz S-Class? Using the web to shop for insurance coverage quotes online can be a challenge if you are like the majority of consumers and have never used online insurance coverage quotes. But don’t let that discourage you because we’re going to show you how.

If you have car insurance now, you stand a good chance to be able to save some money using this information. Buying the lowest cost car insurance coverage is easy if you know what you’re doing. But vehicle owners should learn how big insurance companies market on the web.

Compare car insurance price quotes online

To find affordable insurance coverage quotes, there are several ways to get quotes from different insurance companies. The easiest way to compare 2015 Mercedes-Benz S-Class insurance prices is to use the internet to compare rates. This is quite simple and can be completed by using one of the methods below.

The fastest and easiest way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This method prevents you from having to do multiple quote forms for every prospective company. Completing one form will return quotes direct from many companies. This is by far the quickest method.

A less efficient way to obtain and compare quotes online is spending the time to visit the website of each company and repeat the quote process. For sake of this example, we’ll assume you want to view quotes from Liberty Mutual, Allstate and Travelers. You would be required to go to every website to enter the same coverage data repeatedly, and that’s why the first method is more popular.

For a list of companies in your area, click here.

Compare rates however you want, just be certain you are entering equivalent coverage limits and deductibles on every price quote you get. If the quotes have different deductibles it will be nearly impossible to decipher which rate is best. Just slight variations in coverages could mean much higher rates. And when comparison shopping, comparing a large number of companies helps improve the odds of finding more affordable rates. Some smaller insurers to not give online price quotes, so it’s important to compare prices from them, too.

Big names are not always cheapest

Well-known car insurance companies like Progressive, Geico, Allstate and State Farm continually stream ads on TV and radio. All the companies advertise the message about saving some big amount just by switching your car insurance policy to them. Is it even possible that every company can charge you a lower premium? Here is the trick they use.

Companies provide the lowest rates for the driver that makes them money. A good example of this type of insured might be over age 30, is a homeowner, and drives a car with an anti-theft system. A driver who matches that profile will get a cheap rate quote and will probably save a lot if they switch.

Potential customers who do not fit these criteria may receive higher rates which results in the customer not buying. If you listen to the ad wording, they say “customers who switch” not “everyone who quotes” save that much money. That’s why insurance companies can confidently state the savings. This really drives home the point why it’s extremely important to compare many company’s premium rates. Because you cannot predict which car insurance company will be your best fit.

How do car insurance companies determine Mercedes-Benz S-Class insurance rates?

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that are used to determine the rates you pay for auto insurance. If you understand what impacts premium levels, this empowers consumers to make smart changes that can earn you much lower annual insurance costs.

The items below are some of the most common factors utilized by car insurance companies to help set prices.

• Drive fewer miles and save – The more you drive each year the more you’ll pay to insure it. Almost all companies charge to insure your cars based on how the vehicle is used. Cars used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. Having an incorrect usage rating on your S-Class can cost quite a bit. It’s always a good idea to double check that your auto insurance policy shows the correct usage for each vehicle.
• Alarm systems systems cut auto insurance rates – Driving a car with anti-theft technology or alarm system can earn a premium discount. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.
• High physical damage deductibles lower prices – Deductibles for physical damage define the amount you are required to spend out-of-pocket if a covered claim is submitted. Protection for physical damage, also called comprehensive and collision insurance, insures against damage to your car. A few examples of covered claims are colliding with a stationary object, damage caused by hail, and damage from wind. The more expense the insured is willing to pay, the lower your rates will be for S-Class coverage.
• Rural vs Urban Areas – Living in areas with lower population has it’s advantages when talking about auto insurance. Drivers in populated areas regularly have much more traffic and more severe claims. Lower population means reduced accidents and also fewer theft and vandalism claims.
• Your gender affects prices – Over the last 50 years, statistics have shown females are less aggressive when driving. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes have at-fault accidents in similar numbers, but the men tend to have higher claims. Not only that, but men also get more serious tickets like driving under the influence (DUI). Teenage male drivers cause the most accidents and thus pay the highest rates.

You may qualify for discounts

Companies don’t list all available discounts very well, so we took the time to find both the well known and also the lesser-known credits available to you. If you’re not getting every credit you qualify for, you could be paying more than you need to.

• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can qualify for discounts of 20% or more.
• Auto/Life Discount – Some companies give a lower price if you buy some life insurance too.
• Homeowners Pay Less – Being a homeowner can save a few bucks because owning a home is proof that your finances are in order.
• Savings for New Vehicles – Buying insurance on a new vehicle can cost up to 25% less since newer models have better safety ratings.
• Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.

Discounts lower rates, but most discount credits are not given to the overall cost of the policy. Some only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like you can get free auto insurance, it’s just not the way it works. But any discount will cut your overall bill.

For a list of providers that offer multiple discounts, click here.

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

When it comes to buying coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions can help discover whether you might need an agent’s assistance.

• Can I get a multi-policy discount for packaging my home and auto coverage?
• Will I lose any money if I cancel my policy before it expires?
• Is extra glass coverage worth it?
• What vehicles should carry emergency assistance coverage?
• Which is better, split liability limits or combined limits?
• When should I remove comp and collision on my 2015 Mercedes-Benz S-Class?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form.

Coverages available on your policy

Understanding the coverages of a insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz S-Class.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for collisions

This coverage will pay to fix damage to your S-Class resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a ditch, driving through your garage door, scraping a guard rail and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Insurance for medical payments

Med pay and PIP coverage provide coverage for short-term medical expenses for ambulance fees, nursing services, EMT expenses and surgery. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability

This can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage protects against things such as bail bonds, repair costs for stationary objects, court costs and pain and suffering. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like vandalism, hitting a deer and rock chips in glass. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Get your money’s worth

As you shop your coverage around, do not buy less coverage just to save a little money. There are many occasions where drivers have reduced full coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible at the best possible price, but do not skimp to save money.

Drivers who switch companies do it for a number of reasons such as policy cancellation, lack of trust in their agent, unfair underwriting practices or even an unsatisfactory settlement offer. No matter why you want to switch, finding a new car insurance company is less work than it seems.

We just covered a lot of ways to compare 2015 Mercedes-Benz S-Class insurance premium rates online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your prices. You may even discover the lowest priced car insurance comes from some of the lesser-known companies.

More tips and info about car insurance can be found in these articles:

• Distracted Driving Extends Beyond Texting (State Farm)
• Insuring a Leased Car (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Cellphones, Texting and Driving (iihs.org)