Compare 1998 Mercedes-Benz S-Class Insurance Cost

Want cheaper insurance coverage rates for your Mercedes-Benz S-Class? People new to comparing insurance rates online may find shopping for affordable insurance coverage quite difficult.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. Pricing more affordable insurance coverage coverage is easy if you know what you’re doing. Nevertheless, car owners need to learn the way insurance companies sell online because it can help you find the best coverage.

These factors can influence Mercedes-Benz S-Class insurance rates

An important part of buying insurance is that you know the different types of things that go into determining your insurance rates. Understanding what impacts premium levels enables informed choices that could result in better insurance rates.

  • Do you qualify for a multi-policy discount? – Some companies will give a discount to people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even with this discount, you still need to compare other company rates to verify if the discount is saving money.
  • Lower rates come with age – Mature drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel. Teen drivers are statistically proven to get distracted easily in a vehicle and because of this, their insurance rates are much higher.
  • Too many insurance claims drive up costs – Insurance companies provide cheaper rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Battle of the sexes – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that women are better drivers. They both have accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like DUI and reckless driving.
  • Credit scores impact insurance rates – Having a bad credit score is a important factor in your rate calculation. People with good credit tend to be more responsible than drivers who have lower ratings. Therefore, if your credit score is low, you could save money insuring your 1998 Mercedes-Benz S-Class by repairing your credit.

The quickest method we recommend to compare rates is to understand most insurance companies pay for the opportunity to quote your coverage. The only thing you need to do is give them some information like if you lease or own, driver details, if a SR-22 is required, and whether you drive to work or school. That rating information gets transmitted to insurance companies and you will get price comparisons instantly.

Discounts are basically free money

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so we researched some of the more common as well as the least known ways to save on insurance.

  • Low Mileage – Keeping the miles down on your Mercedes-Benz can earn better rates on cars that stay parked.
  • New Car Discount – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Save over 55 – If you’re over the age of 55, you may receive better insurance rates for S-Class insurance.
  • Paperwork-free – Certain companies may give you up to $50 for buying a policy and signing up digitally online.
  • Theft Prevention Discount – Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for S-Class insurance than less cautious drivers.
  • Sign Early and Save – Some companies give discounts for switching to them prior to your current policy expiration. It can save you around 10%.
  • No Charge for an Accident – Certain companies allow you one accident without raising rates if you are claim-free for a set time period.
  • Multiple Cars – Buying coverage for all your vehicles on one policy could earn a price break for each car.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like you could get a free insurance policy, it doesn’t quite work that way.

To see a list of companies who offer insurance discounts, follow this link.

Which insurance is the “right” coverage?

When choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions may help you determine whether or not you could use an agent’s help.

  • Does car insurance cover theft of personal property?
  • What is PIP insurance?
  • Can I make deliveries for my home business?
  • When should I remove comp and collision on my 1998 Mercedes-Benz S-Class?
  • Is motorclub coverage worth it?
  • How do I file an SR-22 for a DUI in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • I have health insurance so do I need medical payments coverage?
  • Can I still get insurance after a DUI?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.

Auto insurance coverages explained

Knowing the specifics of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for liability

Liability insurance can cover injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against claims such as repair costs for stationary objects, bail bonds, medical services and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Mercedes-Benz S-Class.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as damaging your car on a curb, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses like surgery, dental work, rehabilitation expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance will pay to fix 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 claims such as theft, fire damage and falling objects. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage on a shoestring budget

As you restructure your insurance plan, it’s a bad idea to reduce needed coverages to save money. In many instances, an accident victim reduced collision coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the best price while still protecting your assets.

Consumers switch companies for a variety of reasons including policy non-renewal, questionable increases in premium, high prices or even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a great new company is not as difficult as it may seem.

We covered a lot of techniques to save on 1998 Mercedes-Benz S-Class insurance. The key concept to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

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