2009 Mercedes-Benz S-Class Car Insurance Rates

There isn’t a single person who likes paying for insurance coverage, especially when they are aware that their premiums are through the roof.

Many auto insurance companies compete to insure your vehicles, so it can be very hard to choose a insurer and get the best coverage at the lowest price

You need to do price comparisons yearly because insurance coverage rates are usually higher with each renewal. Just because you found the best premium rates for S-Class insurance a year ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about insurance coverage because I’m going to teach you one of the easiest ways to save on insurance coverage.

How much is insurance?

There are a variety of methods to shop for insurance, but one way is easier and takes less work. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you could save time and use online quoting to maximize your effort.

Most major companies enroll in a system where prospective buyers enter their policy data once, and every company provides a quote for coverage. This saves time by eliminating quote forms for each company you want a rate for.

To compare rates now click here (opens in new window).

The only downside to comparing rates this way is you cannot specify which companies you will receive quotes from. So if you want to select individual companies to request quotes from, we have a page of the cheapest insurance companies in your area. Click here to view list.

Whichever way you choose to compare rates, try to keep nearly identical quote data for each quote you get. If you are comparing differing limits it’s impossible to determine which rate is truly the best. Just slight variations in coverages may result in large price differences. And when comparing insurance rates, know that comparing more rates from different companies will enable you to find a lower rate than you’re paying now. Not every company allows you to get price estimates online, so you should also compare price quotes from those companies as well.

Car insurance advertisements

Popular car insurance providers such as State Farm, Allstate and GEICO consistently run ads on television and other media. All the companies convey the message that you can save after switching your coverage to them. How does each company lower your auto insurance rates?

Insurance providers have specific guidelines for the driver that will most likely be profitable. A good example of a profitable insured might be described as a female over age 40, has no tickets, and drives a car with an anti-theft system. Anyone that hits that “sweet spot” will get very good prices and have a good chance to save some money.

Potential customers who don’t qualify for this stringent profile will get a more expensive rate which usually ends up with the customer buying from someone else. The ad wording is “drivers who switch” but not “everyone who gets a quote” save that much when switching. This is how companies can make the claims of big savings.

This really emphasizes why it’s extremely important to get a wide range of price quotes. Because without a comparison, you cannot know with any certainty which company will provide you with the cheapest premium rates.

Insurance premium influencing factors

An important part of buying insurance is that you know the factors that play a part in calculating the rates you pay for insurance. When you understand what controls the rates you pay, this enables you to make decisions that may reward you with lower premium levels. Many factors are taken into consideration when you get your auto insurance bill. Some are obvious such as your driving history, but others are more transparent like where you live or your commute time.

  • Theft deterrents lower rates – Selecting a car model with a theft deterrent system can earn a premium discount. Advanced theft deterrents like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft.
  • Certain employers pay higher prices – Careers like military personnelpolice officers and financial analysts tend to have higher rates than average attributed to intense work requirements and long work days. On the other hand, occupations such as professors, engineers and the unemployed receive lower rates for S-Class insurance.
  • Gender and insurance coverage premiums – Statistics demonstrate that females take fewer risks when driving. However, don’t assume that males are worse at driving than females. Men and women tend to get into accidents in similar percentages, but the male of the species have accidents that have higher claims. In addition to higher claims, males also receive more major tickets such as reckless driving. Male teenagers are most likely to cause an accident and therefore are the most expensive to insure.
  • Getting married is a bonus – Having a significant other may earn you lower rates compared to being single. Marriage usually means you are more financially stable and it’s statistically proven that married drivers get in fewer accidents.
  • Teen driver insurance premiums – Mature drivers tend to be more responsible, are lower risk to insure and tend to be get fewer driving tickets.Young drivers are known to be less responsible when behind the wheel therefore insurance rates are much higher.
  • Always have insurance – Having an insurance coverage lapse will be a fast way to increase your insurance rates. And not only will insurance be more expensive, being ticketed for driving with no insurance will get you a fine, jail time, or a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Cheaper rates with safer cars – Cars with five star safety ratings are cheaper to insure. Safe vehicles protect occupants better and lower injury rates means lower claim amounts and lower rates for you.
  • Increase coverage deductibles and save – Physical damage protection, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. A few examples of covered claims would be running into the backend of another car, hail damage, and damage caused by flying debris. The deductibles you choose are the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. The more you choose to pay out-of-pocket, the bigger discount you will receive for S-Class insurance.

Insurance discounts are available to slash your rates

Car insurance companies don’t always list every possible discount in a way that’s easy to find, so the following list contains some of the more common and also the lesser-known savings tricks you should be using when you buy auto insurance online.

  • Homeowners Discount – Just owning your own home may trigger a policy discount on insurance since owning and maintaining a home is proof of financial responsibility.
  • Senior Discount – Older drivers are able to get a slight reduction on a auto insurance quote for S-Class insurance.
  • Good Student – Excelling in school may save you up to 25%. Earning this discount can benefit you up until you turn 25.
  • Discounts for Multiple Vehicles – Insuring multiple vehicles on one policy may reduce the rate for each vehicle.
  • Telematics Data – Policyholders that allow driving data submission to analyze driving habits remotely such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates as long as they are good drivers.
  • Waiver for an Accident – This one isn’t a discount, but companies like GEICO and Allstate will turn a blind eye to one accident without the usual rate increase so long as you are claim-free prior to the accident.
  • Drivers Education – Teen drivers should take driver’s ed class if offered at their school.

Don’t be shocked that most discounts do not apply to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, you’re out of luck. But all discounts will positively reduce your overall bill.

A few companies that may offer some of the above discounts include:

If you need inexpensive auto insurance quotes, ask each company which credits you are entitled to. Some credits may not be offered in your area. If you would like to see a list of insurance companies that offer multiple discounts, follow this link.

Everyone needs different car insurance coverages

When choosing the best car insurance coverage, there really is not a perfect coverage plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that could help you determine if your situation will benefit from professional help.

  • Is business property covered if stolen from my car?
  • Is my 2009 Mercedes-Benz S-Class covered for smoke damage?
  • What is roadside assistance coverage?
  • Is rental equipment covered for theft or damage?
  • Am I covered if hit by an uninsured driver?
  • Does my policy pay for OEM or aftermarket parts?
  • Can I still get insurance after a DUI?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does coverage extend to my business vehicle?
  • When should my teen driver be added to my policy?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Coverages available on your insurance policy

Having a good grasp of insurance helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on the average insurance policy.

Collision coverage

Collision insurance will pay to fix damage to your S-Class caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like sustaining damage from a pot hole, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hail damage, hitting a deer, damage from a tornado or hurricane, damage from flooding and a broken windshield. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your 2009 Mercedes-Benz S-Class.

Because many people 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 should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Liability coverage

Liability coverage protects you from damage that occurs to people or other property that is your fault. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that means you have 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. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like funeral expenses, attorney fees, medical expenses, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like prosthetic devices, funeral costs, nursing services, pain medications and dental work. They are utilized in addition to your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Save your hard earned cash

You just learned a lot of information how to get a better price on 2009 Mercedes-Benz S-Class insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. They may often insure only within specific states and give getter rates as compared to the big name companies such as GEICO and State Farm.

When buying insurance coverage, you should never skimp on coverage in order to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at the lowest possible cost, but do not skimp to save money.

For more information, link through to the articles below: