2014 Mercedes-Benz S-Class Car Insurance Rates

Finding affordable auto insurance is hard for consumers not familiar with shopping for insurance online. Consumers have so many options available that it can easily become a real hassle to find lower rates.

Get lower rates on 2014 Mercedes-Benz S-Class insurance

Auto insurance companies don’t always publicize every available discount very clearly, so the following is a list of some of the more common as well as the least known ways to save on auto insurance.

  • Homeowners Pay Less – Simply owning a home may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • College Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • E-sign – A few companies may give you up to $50 for buying your policy over the internet.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts when compared to bad drivers.
  • Driver Safety – Taking part in a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • Auto/Home Discount – If you insure your home and vehicles with one company you may earn 10% to 20% off each policy.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Discount for Good Grades – This discount can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them before your current policy expires. The savings is around 10%.

It’s important to understand that some credits don’t apply to your bottom line cost. Most only reduce specific coverage prices like comprehensive or collision. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of providers offering auto insurance discounts, click here.

Finding Insurance Coverage

Most major insurance companies give pricing on their websites. Obtaining pricing is fairly straightforward as you simply enter your coverage preferences as detailed in the form. After the form is submitted, their system will obtain reports for credit and driving violations and gives you a price quote determined by many factors.

This streamlines rate comparisons, but the time required to go to multiple sites and fill out multiple forms can be a bit repetitive. But it’s very important to compare as many rates as possible in order to find a lower rate.

An easier way to find lower prices requires only one form that gets price quotes from more than one company. It’s a real time-saver, requires much less work on your part, and makes online shopping much more efficient. As soon as the form is sent, it is quoted and you can choose your choice of the resulting price quotes. If the quotes result in lower rates, you simply finish the application and purchase coverage. It takes 15 minutes at the most and may result in a nice savings.

To quickly find out how much you can save on insurance coverage, simply click here to open in new window and begin entering your coverage information. If you have a policy now, it’s recommended that you enter the limits and deductibles just like they are on your policy. This ensures you will receive rate quotes for exact coverage.

Why your Mercedes-Benz S-Class insurance rates may be high

It’s important that you understand the factors that play a part in calculating insurance rates. When you know what positively or negatively determines base rates empowers consumers to make smart changes that could result in lower insurance prices.

Shown below are a partial list of the pieces used by your company to calculate premiums.

  • Mature drivers pay less – Older insureds tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Teen drivers tend to get distracted easily when behind the wheel therefore insurance rates are much higher.
  • Don’t let your coverage lapse – Allowing your insurance policy to lapse is a sure-fire way to pay more for insurance. Not only will rates go up, getting caught without coverage can result in a revoked license or a big fine.You may have to file a SR-22 with your state department of motor vehicles.
  • More than one policy can earn a discount – Many companies will give a discount to insureds who carry more than one policy. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to compare rates to ensure the best deal. You may still find a better deal by insuring with multiple companies.
  • Liability coverage is cheap – The liability section of your policy is the protection in the event that you are found to be at fault for personal injury or accident damage. It provides legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Occupation reflects on rates – Did you know your occupation can influence how much you pay for insurance? Careers like lawyers, architects and dentists tend to pay the highest average rates in part from stressful work requirements and lots of time spent at work. Other occupations such as pilots, historians and performers have the lowest average rates on S-Class coverage.
  • Add-on coverages can add up – There are a lot of extra coverages you can purchase on your S-Class policy. Coverages for personal injury protection, better glass coverage and term life insurance may be costing you every month. These coverages may sound good when talking to your agent, but if they’re wasting money eliminate them to save money.
  • Your location is important – Being located in a small town can save you money when insuring your vehicles. City drivers have to deal with traffic congestion and much longer commute distances. Fewer people translates into fewer accidents.
  • The more you drive the more you pay – Driving more miles every year the higher your rates will be. Most companies charge to insure your cars based on how the vehicle is used. Vehicles left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your S-Class can cost quite a bit. Make sure your insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage for your vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

These are some specific questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • How much liability insurance is required?
  • Should I buy only the required minimum liability coverage?
  • When would I need additional glass coverage?
  • When should I not file a claim?
  • Do I have coverage if my license is suspended?
  • Do I need PIP (personal injury protection) coverage in my state?
  • At what point should I drop full coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Will I lose any money if I cancel my policy before it expires?
  • When should my teen driver be added to my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Specific coverages for a Mercedes-Benz S-Class

Knowing the specifics of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Liability coverages – Liability coverage protects you from damage or injury you incur to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims like funeral expenses, medical expenses and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a parking meter, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for expenses like rehabilitation expenses, dental work, prosthetic devices, nursing services and pain medications. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

UM/UIM Coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercedes-Benz S-Class.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive or Other Than Collision – Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hitting a bird, rock chips in glass, falling objects and vandalism. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Take this to the bank

People leave their current company for any number of reasons including delays in responding to claim requests, an unsatisfactory settlement offer, high prices or policy non-renewal. No matter why you want to switch, finding a great new company can be pretty painless.

Cheap 2014 Mercedes-Benz S-Class insurance is attainable from both online companies as well as from independent agents, so you should compare both to have the best rate selection. A few companies don’t offer online price quotes and most of the time these regional insurance providers sell through independent agents.

When shopping online for insurance coverage, make sure you don’t skimp on coverage in order to save money. There are a lot of situations where someone dropped liability coverage limits and discovered at claim time that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

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