2008 Mercedes-Benz S-Class Insurance Cost – 9 Ways to Save

Looking for better auto insurance rates for your Mercedes-Benz S-Class? Searching for the cheapest auto insurance online can seem to be difficult for people who are new to shopping for insurance online. With dozens of insurers to choose from, how can anyone effectively compare every one to find the best available rates?

It’s smart to check auto insurance prices periodically because insurance rates are constantly changing. Just because you had the lowest price on S-Class insurance a few years ago there is a good chance you can find better rates now. Forget all the misinformation about auto insurance because you’re about to find out how to quote online to properly buy coverages while reducing your premium.

Free Quotes for Car Insurance

When shopping for car insurance there are multiple ways to compare quotes from local car insurance companies. The recommended way to find the cheapest 2008 Mercedes-Benz S-Class insurance rates consists of shopping online. This can be done using a couple different methods.

  • The easiest and least time consuming way to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This easy form keeps you from doing repetitive form submissions to each individual car insurance company. A single form gets rate comparisons from car insurance companies with the best prices. This is by far the quickest method.
  • A more time consuming way to analyze rates is going to each company’s website to request a price quote. For examples sake, let’s say you want comparison quotes from State Farm, 21st Century and Liberty Mutual. To get each rate you have to go to every website to enter your coverage information, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

  • The most time-consuming method to compare rates is to drive around to different agent offices. Shopping for car insurance online has reduced the need for local agents unless you have a need for the professional guidance of a local agent. It is possible to obtain prices from the web and still use a local agent.

However you get your quotes, make absolute certain that you use apples-to-apples deductibles and coverage limits for every quote you compare. If you enter unequal deductibles or liability limits it will be very difficult to find the best deal for your Mercedes-Benz S-Class. Just a small difference in coverages may cause a big price difference. It’s important to know that more quotes will increase your chances of finding the best offered rates.

How can State Farm, Allstate and Geico save drivers who switch?

State Farm, Allstate and Geico regularly use ads on TV and radio. All the companies have a common claim about savings if you move to their company. How does each company make almost identical claims?

All companies have a certain “appetite” for the right customer that makes them money. For instance, a profitable customer could possibly be between 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile will get very good rates and as a result will probably save a lot of money.

Potential insureds who do not match this ideal profile will have to pay a more expensive rate and ends up with business not being written. The ads say “customers who switch” not “everyone that quotes” save that much money. That’s why companies can truthfully claim big savings. Because of the profiling, drivers should compare many company’s rates. It’s just too difficult to predict which insurance coverage company will have the lowest Mercedes-Benz S-Class insurance rates.

Discounts are available to cut your rates

Companies don’t necessarily list every discount in an easy-to-find place, so the following is a list of both the well known as well as the least known savings tricks you should be using.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
  • Multi-policy Discount – When you have multiple policies with the same company you may earn 10% to 20% off each policy.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
  • Homeowners Savings – Owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • E-sign – Some insurance companies may give you up to $50 simply for signing over the internet.
  • No Claims – Drivers with accident-free driving histories pay less when compared with accident-prone drivers.
  • Discount for Life Insurance – Larger companies have a break if you buy auto and life insurance together.

It’s important to understand that most of the big mark downs will not be given to your bottom line cost. A few only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like you could get a free auto insurance policy, companies don’t profit that way.

For a list of providers offering auto insurance discounts, click here to view.

Everyone needs different coverages

When it comes to choosing coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • Is my ex-spouse still covered by my policy?
  • When should I remove comp and collision on my 2008 Mercedes-Benz S-Class?
  • Does my policy cover my teen driver if they drive my company car?
  • Does coverage extend to my business vehicle?
  • Do I need higher collision deductibles?
  • Why does it cost so much to insure a teen driver?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form.

Car insurance coverages 101

Understanding the coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive insurance – This coverage covers 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 insurance covers things such as a broken windshield, falling objects, rock chips in glass, hail damage and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as damaging your car on a curb, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for liability – This protects you from damages or injuries you inflict on people or other property by causing an accident. It protects you from claims by other people. 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. As an example, you may have liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as bail bonds, repair bills for other people’s vehicles, medical expenses, funeral expenses and structural damage. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle 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 have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for expenses for X-ray expenses, prosthetic devices, pain medications and EMT expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Keep this in mind

We covered a lot of information how to lower your 2008 Mercedes-Benz S-Class insurance rates. The key thing to remember is the more you quote, the higher your chance of finding lower rates. Consumers could even find that the lowest premiums are with a small mutual company.

Cheap insurance can be sourced from both online companies in addition to many insurance agents, so you should compare both to have the best rate selection. Some companies do not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

As you restructure your insurance plan, you should never reduce needed coverages to save money. There have been many situations where someone sacrificed liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.

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