2005 Mercedes-Benz S-Class Insurance Rates – 6 Ideas for Cheapest Quotes

Looking for the cheapest insurance rates for your Mercedes-Benz S-Class? Paying cheaper rates for insurance might be frustrating for drivers new to shopping for insurance online. Drivers have so many different companies and agents to choose from that it can easily be a chore to find the best rates.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. Buying the best insurance coverage is easy if you know what you’re doing. Although drivers can benefit by having an understanding of how insurance companies sell insurance online.

Compare insurance quotes online

Effectively comparing insurance prices can be exhausting if you aren’t aware of the most efficient way to do it. You can waste a few hours (or days) talking to insurance agencies in your area, or you could save time and use online quoting to get rate comparisons in just a few minutes.

All the larger companies participate in an industry program that allows shoppers to complete one form, and at least one company then returns a price quote. This eliminates the need for form submissions for every insurance company.

To enter your information into the quoting system, click to open in new window.

The only downside to getting quotes like this is you don’t know exactly which carriers to receive prices from. If you would rather choose specific insurance companies to compare rates, we have a listing of low cost insurance companies in your area. View list of insurance companies.

Whichever way you choose to compare rates, make sure you compare the same quote data for every company. If your comparisons have different coverage information it’s impossible to determine the lowest rate for your Mercedes-Benz S-Class. Quoting even small variations in coverage limits may result in a large different in cost. Just keep in mind that more quotes helps improve the odds of finding lower pricing.

Be skeptical of car insurance ads

Respected companies like State Farm, GEICO and Progressive regularly use television and radio advertisements. They all seem to have a common claim about savings if you get a free car insurance quote and switch your coverage. How is it plausible that every one can charge less that you’re paying now? It’s all in how they say it.

Companies have specific criteria for the right customer that will add to their bottom line. One example of a profitable insured might be described as a female over age 40, insures multiple vehicles, and does not commute to work. Anyone who meets those qualifications will get low premium rates and most likely will save some money.

Potential customers who don’t qualify for the ideal profile must pay more expensive rates which results in the customer not purchasing. Company advertisements say “drivers who switch” not “everyone who quotes” will save that much if they switch. That’s the way companies can make those statements. Different companies use different criteria so you need to compare free car insurance quotes often. Because you never know the company that will give you lower prices than your current company.

Find discounts to get cheap auto insurance quotes

Companies that sell car insurance don’t list every discount very clearly, so the list below gives a summary of a few of the more well known as well as the least known credits that you can use to lower your rates.

  • Low Mileage – Fewer annual miles on your Mercedes-Benz can qualify you for lower prices due to less chance of an accident.
  • Early Switch Discount – Some insurance companies reward drivers for switching companies prior to the expiration date on your current policy. It could save around 10% when you buy car insurance online.
  • Life Insurance Discount – Some auto insurance companies give a break if you buy life insurance from them.
  • Payment Method – By paying your entire bill at once rather than paying monthly you can avoid the installment charge.
  • Good Student – Getting good grades may save you up to 25%. Many companies even apply the discount to college students up to age 25.
  • More Vehicles More Savings – Purchasing coverage when you have primary and secondary vehicles with the same company can get a discount on all vehicles.

Policy discounts save money, but most discount credits are not given to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. So when the math indicates you could get a free auto insurance policy, company stockholders wouldn’t be very happy.

A few popular companies and some of the discounts are outlined below.

  • State Farm has discounts for good driver, defensive driving training, student away at school, Drive Safe & Save, accident-free, safe vehicle, and anti-theft.
  • Farmers Insurance offers premium reductions for distant student, multi-car, alternative fuel, pay in full, and mature driver.
  • GEICO may include discounts for driver training, air bags, daytime running lights, defensive driver, emergency military deployment, multi-vehicle, and seat belt use.
  • American Family policyholders can earn discounts including mySafetyValet, air bags, good student, accident-free, and bundled insurance.
  • Nationwide offers discounts for anti-theft, accident-free, family plan, easy pay, and multi-policy.
  • Progressive includes discounts for online signing, continuous coverage, homeowner, online quote discount, multi-vehicle, and good student.

When quoting, ask each company or agent which discounts you may be entitled to. A few discounts may not be offered in your area. To see a list of insurers with discount rates, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out if your situation might need an agent’s assistance.

  • Do I have coverage if my license is suspended?
  • When should I buy a commercial auto policy?
  • Where can I find DUI or SR-22 insurance?
  • Is my 2005 Mercedes-Benz S-Class covered for flood damage?
  • What is the ISO rating for a 2005 Mercedes-Benz S-Class?
  • Does medical payments coverage apply to all occupants?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does my 2005 Mercedes-Benz S-Class need full coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

Insurance specifics

Knowing the specifics of a insurance policy can help you determine the best coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like surgery, rehabilitation expenses and hospital visits. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Coverage for liability

Liability coverage will cover injuries or damage you cause to people or other property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like bail bonds, court costs, medical expenses and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like vandalism, fire damage, rock chips in glass, hail damage and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision insurance

Collision coverage will pay to fix damage to your S-Class resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, damaging your car on a curb, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Final considerations

We’ve covered many ways to reduce 2005 Mercedes-Benz S-Class insurance premium rates online. The key concept to understand is the more providers you compare, the better likelihood of getting the cheapest car insurance. Consumers may even find the most savings is with a small mutual company.

Affordable 2005 Mercedes-Benz S-Class insurance is possible online in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some companies don’t offer online rate quotes and these small, regional companies prefer to sell through independent insurance agencies.

When trying to cut insurance costs, never buy poor coverage just to save money. There have been many cases where an insured dropped physical damage coverage and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to buy a smart amount of coverage at the best possible price.

To learn more, feel free to browse the articles below: