Tired of not being able to afford to pay your car insurance bill each month? You’re in the same situation as millions of other consumers. Consumers have many insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, too many choices makes it more difficult to find the best rates.
It is always a good idea to compare rates on a regular basis because insurance rates fluctuate regularly. Even if you think you had the best price for S-Class insurance a few years ago you can probably find a better price now. There is a lot of bad information regarding car insurance online but we’re going to give you some proven techniques to find affordable car insurance.
Choosing the best insurance company for you is not that difficult. If you have car insurance now, you will most likely be able to reduce your rates substantially using these tips. Drivers only need an understanding of how to get comparison rates online.
The best way to compare car insurance company rates is to understand most insurance companies actually pay money for the chance to give rate comparisons. All you need to do is give them rating details such as any included safety features, whether the vehicles are used for commuting, if you went to college, and daily mileage. That rating information is submitted instantly to multiple top-rated companies and you should receive rate quotes very quickly.
Companies that sell car insurance don’t always publicize all available discounts in an easy-to-find place, so here is a list both well-publicized and the harder-to-find auto insurance savings. If they aren’t giving you every credit available, you are paying more than you should be.
A little note about advertised discounts, some credits don’t apply to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates you can get free auto insurance, it just doesn’t work that way.
A partial list of companies that may offer some of the above discounts are:
It’s a good idea to ask each company which discounts you may be entitled to. Some discounts may not be available in your area.
When it comes to choosing coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For example, these questions might point out if your insurance needs might need professional guidance.
If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can provide invaluable advice.
Knowing the specifics of a insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement. These are typical coverages offered by insurance companies.
Auto liability insurance – This coverage will cover damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for claims like medical expenses, structural damage, repair costs for stationary objects and attorney fees. How much coverage you buy is a personal decision, but you should buy as much as you can afford.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance reimburse you for bills for hospital visits, dental work and X-ray expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz S-Class.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Comprehensive coverage – This coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like rock chips in glass, a tree branch falling on your vehicle and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Collision – This coverage covers damage to your S-Class caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as rolling your car, sustaining damage from a pot hole, scraping a guard rail, hitting a mailbox and colliding with a tree. This coverage can be expensive, 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.