2001 Mercedes-Benz S-Class Insurance Quotes

Searching for lower insurance rates for your Mercedes-Benz S-Class? Have you fallen victim to overpriced insurance? Trust us when we tell you there are lots of people in the same boat. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with ads and consumers find it hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

If you are insured now or are looking for a new policy, you can use these tips to find the best rates and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Consumers only need an understanding of the most efficient way to shop over the internet.

How to Get Car Insurance Comparison Quotes

There are a lot of ways to compare car insurance prices but one way is less labor-intensive and much quicker. You can waste a few hours (or days) driving to agents in your area, or you can utilize online quoting to get the quickest rates.

The majority of car insurance companies belong to an insurance system that allows shoppers to enter their coverage request one time, and each company then returns a price quote. This eliminates the need for repetitive form submissions for each company.

To find out how much you can save on car insurance click to open in new window.

The one downside to doing it this way is you can’t choose which insurance companies to get pricing from. If you prefer to choose specific providers to compare prices, we put together a list of car insurance companies in your area. Click to view list.

It doesn’t matter which method you choose, just double check that you are using the exact same coverage information on every quote. If your comparisons have different deductibles then you won’t be able to determine the lowest rate for your Mercedes-Benz S-Class.

These discounts can lower your rates

Car insurance is not cheap, but you can get discounts to help offset the cost. Certain discounts will be applied at the time you complete a quote, but lesser-known reductions have to be manually applied prior to getting the savings. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Club Memberships – Affiliation with a professional or civic organization could qualify you for a break on insurance on S-Class coverage.
  • Life Insurance – Larger companies have a break if you buy auto and life insurance together.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy qualifies for this discount.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts up to age 25.
  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Early Switch Discount – A few companies offer discounts for switching to them prior to your current policy expiration. It’s a savings of about 10%.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Distant Student – Any of your kids living away from home attending college and don’t have a car may be able to be covered for less.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.

It’s important to note that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, companies don’t profit that way. But all discounts will bring down your overall premium however.

To see a list of companies with the best insurance discounts, click here to view.

Complexity of Mercedes-Benz S-Class insurance rates

It’s important that you understand some of the elements that help determine the price you pay for insurance coverage. Knowing what impacts premium levels allows you to make educated decisions that could result in better insurance coverage rates.

The following are some of the factors companies use to determine premiums.

  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores get lower rates. The safest vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and lower rates for you. If your Mercedes-Benz S-Class earned at least four stars on Safercar.gov it is probably cheaper to insure.
  • Lower rates come with age – Older insureds are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations. Young drivers are statistically proven to be careless and easily distracted when behind the wheel and because of this, their insurance coverage rates are much higher.
  • Credit scores impact insurance coverage rates – Your credit rating is a important factor in calculating your insurance coverage rates. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers who have lower credit scores. So if your credit rating can use some improvement, you could potentially save money when insuring your 2001 Mercedes-Benz S-Class by improving your rating.
  • One company can mean more discounts – Some insurance companies provide better rates to customers who consolidate policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even though this discount sounds good, it’s still a good idea to compare rates to ensure the best deal. Drivers may still find a better deal by buying insurance from more than one company.
  • Your insurance coverage rates can be influenced by your job – Careers like real estate brokers, executives and accountants tend to pay higher rates than average in part from high stress and lengthy work days. On the flip side, professions such as scientists, athletes and the unemployed have the lowest average rates on S-Class coverage.
  • Lower rates with optional equipment – Owning a car with a theft deterrent system can save you a little every year. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your car from being stolen.

Different people need different coverages

When it comes to buying coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that For example, these questions may help highlight whether your personal situation will benefit from professional help.

  • Is my dog or cat covered if injured in an accident?
  • Does my liability insurance cover pulling a trailer or camper?
  • How much liability insurance is required?
  • Are my friends covered when driving my 2001 Mercedes-Benz S-Class?
  • Am I missing any policy discounts?
  • Am I covered if I hit a deer?
  • Can I rent a car in Mexico?
  • Can I make deliveries for my home business?
  • If I drive on a suspended license am I covered?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find 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’s fast, doesn’t cost anything and you can get the answers you need.

Drivers who switch save $436 a year? Really?

Consumers can’t get away from ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all have a common claim that you can save after switching your policy.

How does each company make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of customer that earns them a profit. For instance, a profitable customer could be over the age of 40, a clean driving record, and has great credit. A driver who matches those parameters will qualify for the lowest rates and therefore will save when they switch companies.

Drivers who are not a match for these standards must pay higher prices which usually ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” not “people who quote” save money. That’s the way companies can truthfully advertise the way they do.

This illustrates why it’s extremely important to get as many quotes as possible. It’s just too difficult to predict which company will fit your personal profile best.

Auto insurance coverage options for a Mercedes-Benz S-Class

Knowing the specifics of auto insurance can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages available from auto insurance companies.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as ambulance fees, EMT expenses, hospital visits, prosthetic devices and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability insurance – Liability insurance protects you from damages or injuries you inflict on a person or their property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as loss of income, structural damage and medical expenses. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hail damage, a broken windshield, hitting a deer, theft and hitting a bird. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Mercedes-Benz S-Class.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.

Collision coverage – This will pay to fix damage to your S-Class resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like driving through your garage door, hitting a parking meter, backing into a parked car, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

In the end, you save

Cost effective 2001 Mercedes-Benz S-Class insurance is attainable from both online companies in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. Some car insurance companies do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

We covered a lot of information how to shop for insurance online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the lowest rates come from a small mutual company. These companies may often insure only within specific states and give getter rates compared to the large companies like Allstate or State Farm.

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