View 2001 Mercedes-Benz S-Class Insurance Rates

I really doubt anyone loves paying for insurance, especially when they are aware that the cost is too high. Due to the increasing number of companies and agents to choose from, it can be challenging to pick the most affordable insurer.

Buying car insurance is easy if you know what you’re doing. If you have a policy now or are just looking to switch companies, you can use these tips to find better prices while maintaining coverages. Vehicle owners only need to know the proper methods to compare company rates over the internet.

Mercedes-Benz S-Class insurance costs can be cheaper

Part of the insurance coverage buying process is learning the different types of things that play a part in calculating your insurance coverage rates. If you understand what determines base rates, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

  • Drive less and save – The higher the mileage driven in a year’s time the higher the price you pay to insure it. A lot of companies apply a rate based upon how much you drive. Cars and trucks that sit idle most of the time can be on a lower rate level than cars that get driven a lot. A policy that improperly rates your S-Class may be wasting your money. It’s a smart idea to ensure your declarations sheet is rated on the right rating data.
  • Vehicle theft costs us all – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent your vehicle from being stolen.
  • More people means more accidents – Having an address in a rural area has it’s advantages when talking about insurance coverage. Fewer drivers on the road corresponds to lower accident rates as well as less vandalism and auto theft. Drivers in populated areas tend to have congested traffic and longer commute times. More time behind the wheel can result in more accidents.
  • Higher deductibles are cheaper – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Examples of some claims that would be covered would be a broken side mirror, hail damage, and having your car stolen. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket if the claim is covered. The more of the claim you are required to pay out-of-pocket, the lower your rates will be for S-Class insurance.
  • Pay more by driving carelessly – Having just one moving violation can boost insurance rates forty percent or more. Drivers who don’t get tickets pay lower auto insurance prices compared to drivers with tickets. People who have multiple violations such as reckless driving, hit and run or driving under the influence are required to complete a SR-22 with their state in order to continue driving.
  • Get better rates if married – Walking down the aisle can get you a discount on your insurance coverage policy. Marriage means you’re more mature and responsible and it’s proven that drivers who are married file infrequent claims.
  • Less chance of injury means lower premiums – Vehicles that have high safety ratings tend to have lower insurance rates. Safe vehicles help reduce the chance of injuries in an accident and lower injury rates translates into savings for insurance companies passed on to you as lower rates. If your Mercedes-Benz S-Class is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Lower insurance coverage rates for being claim-free – Auto insurance companies give the lowest premiums to insureds who are claim-free. If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Insurance coverage is meant to be used in the event of the large, substantial claims.

The quickest way to get rate comparisons is to know the fact auto insurance companies participate in a system to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details such as your job, if the car is leased, how you use your vehicles, and if your license is active. Your rating data is then sent to multiple top-rated companies and you will receive price estimates within a short period of time.

Auto insurance myths debunked

Consumers get pounded daily by advertisements that claim the lowest prices from the likes of State Farm, Allstate and GEICO. All the companies make the same claim about savings after switching your auto insurance coverage to their company.

How is it possible that every company can charge you less for car insurance?

Most companies give the best rates for the type of customer that earns them a profit. A good example of this type of driver might be described as over the age of 50, has a low-risk occupation, and chooses high deductibles. A driver who fits that profile will probably get cheap rates and will save a lot of money.

Insureds who may not quite match these criteria will be quoted a higher rate which leads to the customer not buying. If you pay close attention to the ads, they say “drivers that switch” not “everybody who quotes” can save as much as they claim. That’s the way insurance companies can make claims that they all have the best prices. Different companies use different criteria so you should do a quote comparison often. It is just not possible to predict with any certainty which company will be your best fit.

Get affordable auto insurance with discounts

Auto insurance is easily one of your largest bills, but there are discounts available that could help you make your next renewal payment. Most are applied when you purchase, but a few need to be inquired about before you will receive the discount.

  • Save with More Vehicles Insured – Drivers who insure primary and secondary vehicles on one policy can get a discount on all vehicles.
  • Defensive Driver Discounts – Taking a class that teaches driver safety techniques may get you a small discount if your company offers it.
  • Include Life Insurance and Save – Some insurance carriers give a discount if you purchase some life insurance in addition to your auto policy.
  • Cautious Drivers – Insureds without accidents can get discounts for up to 45% lower rates for S-Class insurance than their less cautious counterparts.
  • Discount for Passive Restraints – Options like air bags or automatic seat belts may qualify for discounts of 25 to 30%.

You can save money using discounts, but many deductions do not apply to all coverage premiums. Most only cut individual premiums such as collision or personal injury protection. If you do the math and it seems like you could get a free auto insurance policy, it just doesn’t work that way.

Some companies that may have these discounts may include but are not limited to:

Before purchasing a policy, check with each company or agent how many discounts you can get. Some credits may not apply to policies in your area. To locate providers who offer free auto insurance quotes, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions might help in determining whether your personal situation would benefit from professional advice.

  • Does car insurance cover theft of personal property?
  • What vehicles should carry emergency assistance coverage?
  • What if I owe more than I can insure my car for?
  • If my pet gets injured in an accident are they covered?
  • What is covered by UM/UIM coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Is pleasure use cheaper than using my 2001 Mercedes-Benz S-Class to commute?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Coverages available on your insurance policy

Knowing the specifics of insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as theft, hitting a bird and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Liability car insurance

Liability insurance can cover damage that occurs to other’s property or people. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims like pain and suffering, repair costs for stationary objects and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Collision insurance

Collision insurance covers damage to your S-Class resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as colliding with another moving vehicle, driving through your garage door, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like funeral costs, EMT expenses, hospital visits and dental work. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Be a penny pincher

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. There have been many cases where someone dropped comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at the best cost, but don’t skip important coverages to save money.

More affordable insurance coverage can be purchased from both online companies and from local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers may not provide internet price quotes and most of the time these small, regional companies prefer to sell through independent agents.

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