Cheaper 2004 Mercedes-Benz S-Class Insurance Quotes

Searching for cheaper car insurance rates for your Mercedes-Benz S-Class? Nobody looks forward to buying car insurance, especially knowing they are paying too much.

Popular companies such as State Farm and Geico continually bombard you with ad campaigns and consumers find it hard to see through the cute green geckos and mayhem and do the work needed to find the best deal.

If you currently have car insurance, you will most likely be able to save some money using this information. Choosing the best insurance company for you is easy if you know what you’re doing. Nevertheless, vehicle owners do need to learn how insurance companies sell online.

Mercedes-Benz S-Class rates are complex

An important part of buying insurance is that you know some of the elements that go into determining your auto insurance rates. Knowing what impacts premium levels allows you to make educated decisions that can help you get big savings.

Listed below are some of the factors companies use to determine your rates.

  • Rates may be lower depending on your job – Did you know your auto insurance rates can be affected by your occupation? Occupations such as lawyers, architects and dentists tend to pay the highest average rates in part from high stress and lots of time spent at work. Other professions such as farmers, historians and homemakers have the lowest average rates on S-Class coverage.
  • Liability coverage is cheap – Liability insurance provides coverage if you are found liable for damages from an accident. It will provide for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Don’t buy coverages you don’t need – There are quite a few extra bells and whistles that you can get tricked into buying on your auto insurance policy. Things like rental car reimbursement, accidental death and term life insurance may be wasting your money. They may seem good at first, but if they’re wasting money remove them from your policy.
  • Optional equipment can affect rates – Choosing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.
  • Pleasure use saves money – The higher the mileage driven every year the higher your rate. The majority of insurers price each vehicle’s coverage based on their usage. Cars left parked in the garage receive lower rates than vehicles that are driven to work every day. Make sure your auto insurance declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money. If your policy improperly rates your S-Class can cost quite a bit.
  • Bundling policies can get discounts – Some insurers will give a discount to people who buy several policies from them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. Even though this discount sounds good, you may still want to comparison shop to verify if the discount is saving money.

Don’t pay full price with these discounts

Insuring your vehicles can cost a lot, but companies offer discounts that can drop the cost substantially. Larger premium reductions will be automatically applied at quote time, but a few must be asked about before you will receive the discount.

  • Safe Driver Discount – Safe drivers may save up to 50% more on S-Class coverage than drivers with accident claims.
  • Claim Free – Drivers with accident-free driving histories pay much less when compared with accident-prone drivers.
  • College Student – Kids in college who live away from home and do not have a car can receive lower rates.
  • Defensive Driver – Taking part in a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.

Keep in mind that most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as medical payments or collision. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will help reduce your premiums.

To see a list of insurers with the best car insurance discounts, click here to view.

The fine print in insurance ads

Allstate, Geico and Progressive regularly use ads on television and other media. All the companies say the same thing that you can save if you move to their company. How do they all make the same claim? This is how they do it.

All the different companies have a preferred profile for the type of driver that makes them money. For example, a driver they prefer could be over the age of 50, a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential customers who don’t measure up to these standards will be charged a more expensive rate which usually ends up with business going elsewhere. The ads say “customers that switch” but not “drivers who get quotes” save money. This is how companies can truthfully state the savings.

That is why you need to quote coverage with many companies. You cannot predict which company will give you the biggest savings on Mercedes-Benz S-Class insurance.

Your personal situation dictates your coverage

When it comes to choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might help in determining whether your personal situation might need an agent’s assistance.

  • Is a fancy paint job covered?
  • Will my insurance pay for OEM parts?
  • Is my teenager covered with friends in the car?
  • How does medical payments coverage work?
  • Am I insured when driving a different vehicle?
  • Should I sign the liability waiver when renting a car?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

The coverage is in the details

Learning about specific coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Shown next are the usual coverages found on most auto insurance policies.

Comprehensive (Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like rock chips in glass, a tree branch falling on your vehicle, falling objects, fire damage and damage from getting keyed. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage

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 the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Auto liability

Liability coverage can cover damages or injuries you inflict on other’s property or people. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as legal defense fees, emergency aid, medical expenses and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for expenses such as pain medications, doctor visits and nursing services. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

A fool and his money are soon parted

You just read many ideas to lower your 2004 Mercedes-Benz S-Class insurance rates. It’s most important to understand that the more you quote, the better chance you’ll have of finding lower rates. You may even discover the biggest savings come from the least-expected company. Regional companies can often provide lower rates in certain areas compared to the large companies like Allstate, Geico and Progressive.

Discount insurance can be found from both online companies and also from your neighborhood agents, and you should compare price quotes from both to have the best rate selection. Some companies may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

When buying insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice liability coverage limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy enough coverage at an affordable rate while still protecting your assets.

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