How Much Does 2005 Mercedes-Benz S-Class Car Insurance Cost?

Nobody looks forward to paying for insurance coverage, especially knowing their premiums are through the roof. You have so many insurers to insure vehicles with, and although it’s a good thing to be able to choose, having more auto insurance companies makes it harder to compare company pricing.

It’s a good habit to get comparison quotes periodically because rates go up and down regularly. Despite the fact that you may have had the lowest price for S-Class insurance six months ago there is a good chance you can find better rates now. Ignore everything you know about insurance coverage because we’re going to demonstrate the things you must know in order to buy cheaper insurance coverage.

The purpose of this post is to instruct you on the most effective way to quote insurance and some tips to save money. If you currently have car insurance, you will most likely be able to save some money using these methods. Vehicle owners just need to understand how to compare prices online.

Lots of discounts mean lots of savings

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but less common discounts must be manually applied before being credited. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Bundle and Save – If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • Safety Course Discount – Completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for S-Class insurance depending on your company.
  • Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Theft Prevention System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • Drivers Education – Require your teen driver to take driver’s ed class in high school.
  • Passive Restraint Discount – Cars that have air bags can receive discounts of more than 20%.
  • Early Switch Discount – Some companies give discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • New Car Discount – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.

Drivers should understand that some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, you’re out of luck. But any discount will reduce the cost of coverage.

Companies that may have these discounts are:

Before buying, ask every prospective company which discounts they offer. Some discounts may not be available in your state.

How to Lower Your Auto Insurance Cost

Getting better 2005 Mercedes-Benz S-Class auto insurance pricing is not rocket science. The only thing you need to do is invest a few minutes comparing rates from different insurance companies. This is very easy and can be done in a couple of different ways.

  • One of the simplest ways consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This type of form keeps you from doing separate forms for each company. In just a few minutes this one form gets rate comparisons from multiple low-cost companies.
  • A different way to compare prices consists of going to each company’s website and fill out their own quote form. For examples sake, we’ll assume you want to compare rates from Farmers, Esurance and Travelers. To find out each rate you need to take the time to go to each site and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
  • The most time-consuming way to compare rates is to spend time driving to and from local insurance agencies. Buying insurance online has reduced the need for local agents unless you have a need for the personal advice that only a license agent can provide. However, consumers can get the lowest quotes online and still use a local agent and we’ll touch on that later.

Whichever method you choose, make sure you use identical information for every quote you compare. If you compare unequal deductibles or liability limits it’s not possible to determine which rate is truly the best.

Situations that might require an agent

When it comes to buying the right insurance coverage, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions can help discover whether your personal situation could use an agent’s help.

  • Is my 2005 Mercedes-Benz S-Class covered for smoke damage?
  • Do I pay less if my vehicle is kept in my garage?
  • What is roadside assistance coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Where can I get insurance after a DUI in my state?
  • Do I need replacement cost coverage on my 2005 Mercedes-Benz S-Class?
  • Do I need medical payments coverage since I have good health insurance?
  • Does my personal policy cover me when driving out-of-state?
  • Am I covered when driving on a suspended license?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverage breakdown

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average auto insurance policy.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like X-ray expenses, EMT expenses and rehabilitation expenses. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage – This coverage protects you from damage or injury you incur to other’s property or people. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like legal defense fees, bail bonds, attorney fees, repair costs for stationary objects and structural damage. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Comprehensive (Other than Collision) – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, rock chips in glass and a broken windshield. The most your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverages – This pays for damage to your S-Class from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like backing into a parked car, scraping a guard rail, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

A penny saved is a penny earned

You just read many ways to compare 2005 Mercedes-Benz S-Class insurance prices online. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even discover the best prices are with an unexpected company. Some small companies may cover specific market segments cheaper compared to the large companies like Geico and State Farm.

When buying insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. Your strategy should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Lower-priced insurance can be found both online in addition to many insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies do not provide the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

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