I can’t think of anyone who likes having to buy car insurance, especially knowing the cost is too high.
Because there are so many insurance companies to choose from, it can be impossible to find the lowest cost insurance company.
It’s important to do rate comparisons occasionally because rates go up and down regularly. Just because you found the lowest price on S-Class insurance six months ago you can probably find a lower rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the tricks you need to know to save money, get proper deductibles and limits, all at the lowest rate.
Finding affordable coverage is easy if you know what you’re doing. Basically, everyone who buys car insurance will most likely be able to find lower rates. But drivers must learn the way companies price online insurance and take advantage of how the system works.
Companies don’t necessarily list every available discount in a way that’s easy to find, so we researched both well-publicized and the more hidden discounts you could be receiving.
It’s important to understand that most credits do not apply to the entire cost. Most only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.
To see a list of companies with the best auto insurance discounts, follow this link.
The best way to get policy rate comparisons utilizes the fact most insurance companies provide online access to give you rate quotes. All consumers are required to do is give them rating details including how much school you completed, daily mileage, if the vehicle is leased, and if a SR-22 is required. Your details is instantly provided to insurance companies and you will get price comparisons almost instantly.
When it comes to choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions might point out whether your personal situation could use an agent’s help.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.
Having a good grasp of a insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.
Liability coverages – Liability insurance protects you from damage that occurs to other people or property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage pays for things like court costs, legal defense fees, attorney fees, loss of income and medical services. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as dental work, funeral costs and surgery. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers you and your occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Collision – This covers damage to your S-Class caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for things like sustaining damage from a pot hole, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Comprehensive auto coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as vandalism, fire damage, hitting a deer, hitting a bird and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your 1998 Mercedes-Benz S-Class.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Budget-conscious 1998 Mercedes-Benz S-Class insurance is definitely available online as well as from independent agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who don’t offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.
Throughout this article, we presented a lot of information how to get a better price on insurance. The key concept to understand is the more you quote, the better your comparison will be. You may be surprised to find that the lowest premiums are with the smaller companies. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like Allstate and Progressive.
When you buy insurance online, don’t be tempted to buy less coverage just to save a little money. In many cases, consumers will sacrifice liability coverage limits and learned later they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage for the lowest price while still protecting your assets.
More detailed car insurance information is available at these sites: