Want cheaper insurance rates for your Mercedes-Benz S-Class? Nobody is fond of buying insurance, especially when they know they are paying too much. Big-name insurance companies like Progressive, Geico and Farmers Insurance all promote huge savings with advertising and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.
Companies offering auto insurance don’t always publicize every discount very well, so below is a list a few of the more common and the harder-to-find credits that you can use to lower your rates.
As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, you aren’t that lucky. Any qualifying discounts will reduce the premium cost.
Auto insurance companies that have some of the discounts shown above are:
Double check with all companies you are considering to apply every possible discount. Savings may not apply to policyholders in your area.
Lots of things are used when you quote your car insurance policy. Most are fairly basic such as your driving history, but other factors are more obscure such as whether you are married or how safe your car is.
When buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Each situation is unique so your insurance should reflect that These are some specific questions can aid in determining if your insurance needs would benefit from professional advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Consumers get pounded daily by advertisements for cheaper insurance from the likes of Progressive, Geico, Allstate and State Farm. All the companies state the claim that you’ll save big if you get a free auto insurance quote and switch your insurance coverage to their company.
How do they all save you money? This is how they do it.
Insurance companies have an ideal profile for the type of driver that will not have excessive claims. One example of a preferred risk could be over the age of 50, carries high limits, and drives less than 5,000 miles a year. Any customer who meets those qualifications will most likely get cheap car insurance rates and will save a lot if they switch.
Drivers who do not match these standards will see higher premium rates and ends up with the prospect going elsewhere. The trick companies use is to say “customers who switch” not “everyone who quotes” will save that much if they switch. That’s why companies can make it sound like they have such great premium rates.
Because every company is different, drivers should get price quotes at each policy renewal. You cannot predict which insurance company will be your best fit.
Having a good grasp of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average auto insurance policy.
Insurance for medical payments
Med pay and PIP coverage reimburse you for bills for funeral costs, X-ray expenses, surgery and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as a tree branch falling on your vehicle, vandalism and falling objects. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz S-Class.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Collision coverage pays for damage to your S-Class resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as hitting a mailbox, sustaining damage from a pot hole, colliding with a tree, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.
Auto liability insurance
This will cover damage that occurs to people or other property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against things such as funeral expenses, attorney fees and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.
When searching for low cost auto insurance quotes, do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to regret at claim time they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.
You just learned quite a bit of information on how to reduce 2018 Mercedes-Benz S-Class insurance premium rates online. It’s most important to understand that the more companies you get prices for, the higher your chance of finding affordable auto insurance. Consumers may even find the lowest premium rates are with some of the smallest insurance companies. Smaller companies can often provide lower prices in certain areas compared to the large companies like Geico and State Farm.
I got quite a few price quotes for a 2018 Mercedes-Benz S-Class in Colorado Springs, Colorado. Ended up at right around $260 every six months with American Family. Left Eastwood to switch. I get lower rates because of my clean driving record.
I’m just south of Biloxi, Mississippi. Got quotes from AIG Insurance, MetLife, and a few others for my 2018 Mercedes-Benz S-Class and saved just over $320 a year. Left Amica to switch. Good multi-policy discounts.