How Much Does 1996 Mercedes-Benz S-Class Insurance Cost?

Trying to find cheaper car insurance rates for your Mercedes-Benz S-Class? I can’t think of a single person who looks forward to buying car insurance, in particular when the cost is too high. Having so many online and local companies to choose from, it can be impossible to pick the cheapest provider.

You need to shop coverage around periodically since rates are rarely the same from one policy term to another. If you had the lowest rates on S-Class coverage six months ago you may be paying too much now. You can find a lot of misleading information regarding car insurance on the internet, so with this article, you’re going to get some good information on how to reduce your car insurance bill.

The purpose of this article is to help educate you on how to get online quotes and some money-saving tips. If you currently have car insurance, you will be able to save some money using these techniques. Consumers only need an understanding of the tricks to find the lowest price over the internet.

Discounts are great for lower rates

Car insurance is not cheap, but you may find discounts that you may not know about. A few discounts will automatically apply at quote time, but some may not be applied and must be inquired about before they will apply. If you don’t get every credit available, you’re just leaving money on the table.

  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • 55 and Retired – Mature drivers can possibly qualify for a small decrease in premiums on S-Class coverage.
  • Seat Belts Save – Requiring all passengers to use a seat belt could cut 10% or more off your medical payments premium.
  • Sign Early and Save – Some companies give discounts for switching policies before your current expiration date. It can save you around 10%.
  • Low Mileage – Fewer annual miles on your Mercedes-Benz could be rewarded with better rates on cars that stay parked.
  • Organization Discounts – Being a member of a professional or civic organization could trigger savings when shopping for insurance coverage on S-Class coverage.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company may reduce the rate for each vehicle.
  • Federal Government Employee – Employees or retirees of the government may qualify you for a discount on S-Class coverage depending on your company.
  • No Claims – Good drivers with no accidents can earn big discounts compared to drivers who are more careless.

As a disclaimer on discounts, some credits don’t apply the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount will help reduce your overall premium however.

To see a list of companies offering insurance coverage discounts, follow this link.

Which Insurance Coverage is Cheapest?

Finding lower insurance coverage rates is not a difficult process. All you need to do is invest a few minutes comparing price quotes online from several insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

Probably the best way to get quotes is a comparison rater form (click to open form in new window). This easy form saves time by eliminating separate quotation requests for each company you want a rate for. One quote request will get you rate comparisons from many national carriers.

A slightly less efficient method to get quotes online consists of visiting the website for each individual company to request a price quote. For sake of this example, let’s assume you want to compare rates from Nationwide, Liberty Mutual and GMAC. To find out each rate you need to go to every website and enter your policy data, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.

The least recommended way to get comparison rates is driving to different agent offices. The internet makes this process obsolete unless you have a need for the personal advice only provided by licensed agents. It is possible to comparison shop your insurance online but still have the advice of a local agent.

However you get your quotes, make absolute certain that you use exactly the same information for each comparison quote. If you are comparing mixed coverages it will be next to impossible to make a fair comparison for your Mercedes-Benz S-Class.

Why your Mercedes-Benz S-Class might be costing you more

An important part of buying insurance is that you know some of the elements that help determine the price you pay for insurance. Having a good understanding of what impacts premium levels enables informed choices that may reward you with much lower annual insurance costs.

The following are some of the factors insurance companies consider when setting rates.

  • Older drivers save more – Older insureds are more cautious drivers, file fewer claims and tend to be better behind the wheel. Teenage drivers tend to get distracted easily when behind the wheel therefore insurance rates are much higher.
  • Pay less if you’re married – Having a spouse can get you a discount on your insurance policy. Having a significant other translates into being more mature and it’s statistically proven that being married results in fewer claims.
  • Better credit scores mean better rates – Having a bad credit score is a important factor in determining what you pay for insurance. So if your credit rating is lower than you’d like, you could be paying less to insure your 1996 Mercedes-Benz S-Class by repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Women pay lower rates – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Both sexes are in accidents in similar percentages, but the males cause more damage. They also have more aggressive citations such as reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.
  • Choose a safe vehicle and save – Cars with high safety ratings are cheaper to insure. Safer cars reduce injuries and lower injury rates translates into savings for insurance companies and thus lower rates. If your Mercedes-Benz S-Class has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • How many coverages with the same company – Most companies will give a discount to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even if you’re getting this discount it’s still a good idea to compare other company rates to ensure the best deal.
  • Higher deductibles cost less – Physical damage coverage, also known as collision and other-than-collision, protects your Mercedes-Benz from damage. Examples of covered claims are collision with another vehicle, collision with an animal, and windstorm damage. Deductibles for physical damage are the amount of money you are willing to pay in the event of a claim. The more you’re willing to pay, the lower your rates will be on S-Class coverage.

You may need specialized coverage

When buying coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions can aid in determining if your situation could use an agent’s help.

  • Can I afford to pay high deductible claims out of pocket?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have newly-aquired coverage?
  • Should I have combined single limit or split liability limits?
  • Should I rate my 1996 Mercedes-Benz S-Class as pleasure use or commute?
  • When should I remove comp and collision on my 1996 Mercedes-Benz S-Class?
  • Why is insurance for a teen driver so high?
  • If I drive on a suspended license am I covered?
  • Is there coverage for injuries to my pets?
  • Are my friends covered when driving my 1996 Mercedes-Benz S-Class?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Knowing the specifics of your auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages found on most auto insurance policies.

Comprehensive auto insurance

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like damage from getting keyed, damage from flooding, rock chips in glass and fire damage. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for bills such as EMT expenses, dental work, nursing services, surgery and pain medications. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

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

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like court costs, medical services, repair bills for other people’s vehicles and medical expenses. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Auto collision coverage

This coverage will pay to fix damage to your S-Class from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with a tree, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 1996 Mercedes-Benz S-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Quote more. Save more.

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There are too many instances where an insured cut full coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at a price you can afford.

Throughout this article, we presented many tips how you can compare 1996 Mercedes-Benz S-Class insurance prices online. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest premiums are with the smaller companies. Smaller companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

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