2002 Mercedes-Benz S-Class Insurance Quotes – 5 Tips for Best Rates

Are you sick and tired of paying out the nose to insure your Mercedes-Benz every month? You are no different than millions of other consumers.

There is such a variety of auto insurance companies to insure vehicles with, and although it’s a good thing to be able to choose, it can be more challenging to adequately compare rates.

You need to do rate comparisons before your policy renews because insurance rates change frequently. Just because you had the lowest rates for S-Class coverage two years ago a different company probably has better rates today. Starting right now, block out anything you think you know about auto insurance because you’re about to learn how to use the internet to properly buy coverages and cut your premium.

Shopping for affordable auto insurance coverage can be fairly easy. Essentially every driver who is shopping for auto insurance will more than likely be able to cut their insurance bill. But drivers must know the way insurance companies price insurance differently because it can help you find the best coverage.

Auto Insurance Prices

When shopping for auto insurance there are multiple ways to compare rate quotes from auto insurance companies in your area. The fastest way to find the cheapest 2002 Mercedes-Benz S-Class insurance rates consists of obtaining rate quotes online. This is very easy and can be done in just a few minutes using one of these methods.

  1. The single most time-saving way consumers can analyze rates is a comparison rater form click to view form in new window. This method keeps you from doing separate quotes for every auto insurance company. A single form gets rate comparisons direct from many companies.
  2. A more difficult way to compare rate quotes requires you to visit each company’s website to request a price quote. For examples sake, we’ll assume you want comparison quotes from Liberty Mutual, State Farm and Allstate. To get rate quotes you would need to spend time on each company’s site and enter your policy data, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  3. The least efficient method of comparing rate quotes is driving around to different agent offices. The ability to buy insurance online eliminates the need for an insurance agent unless you require the trained guidance that only a license agent can provide. You can, however, comparison shop online but buy from a local insurance agent.

It doesn’t matter which method you choose, just ensure you’re using identical coverage information for every quote you compare. If you enter different liability limits you will not be able to truly determine the lowest rate. Having just a slight variation in coverages could mean much higher rates. Keep in mind that more quotes provides better odds of finding better pricing.

Discounts mean cheaper Mercedes-Benz S-Class insurance rates

Insurance can be prohibitively expensive, but you can get discounts that you may not know about. Most are applied at the time of purchase, but lesser-known reductions have to be requested specifically before you will receive the discount.

  • Seat Belts Save – Drivers who require all occupants to use a seat belt could cut 10% or more off your medical payments premium.
  • Senior Discount – If you’re over the age of 55, you may receive reduced rates for S-Class coverage.
  • Safety Course Discount – Successfully completing a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Organization Discounts – Being a member of a qualifying organization may earn a discount on your policy for S-Class coverage.
  • Save with a New Car – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.

It’s important to understand that most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, you’re out of luck. But any discount will reduce the cost of coverage.

Companies that may have these benefits include:

Double check with all companies you are considering which discounts they offer. Discounts may not apply in your area.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is no best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining whether or not you could use an agent’s help.

  • Why does it cost so much to insure a teen driver?
  • Will my insurance pay for OEM parts?
  • Is motorclub coverage worth it?
  • Is pleasure use cheaper than using my 2002 Mercedes-Benz S-Class to commute?
  • Is my custom paint covered by insurance?
  • Am I missing any policy discounts?
  • I have good health insurance, so how much medical payments coverage do I need?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area.

Specific coverage details

Having a good grasp of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by insurance companies.

Collision coverage protection

This coverage covers damage to your S-Class from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like scraping a guard rail, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Auto liability

Liability insurance provides protection from damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical services, bail bonds, loss of income and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Mercedes-Benz S-Class.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Usually these limits are set the same as your liablity limits.

Insurance for medical payments

Med pay and PIP coverage pay for immediate expenses for surgery, doctor visits, nursing services and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hail damage, vandalism and theft. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Better coverage you can count on

Cheaper 2002 Mercedes-Benz S-Class insurance is definitely available online and with local insurance agents, and you need to comparison shop both to have the best selection. Some companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

We just presented quite a bit of information on how to get a better price on insurance. The key concept to understand is the more companies you get rates for, the higher your chance of finding lower rates. You may be surprised to find that the biggest savings come from a lesser-known regional company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Allstate, Geico and Progressive.

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