2007 Mercedes-Benz S-Class Insurance Rates – 10 Tips to Save

Trying to find the cheapest insurance coverage rates for your Mercedes-Benz S-Class? Price shopping your insurance coverage can be difficult for beginners to buying insurance online. There are so many choices that it can easily become a real hassle to compare prices.

The purpose of this post is to teach you how to effectively get price quotes and some money-saving tips. If you currently have car insurance, you will be able to save some money using these methods. But drivers must know the way insurance companies price online insurance and use this information to your advantage.

Cut your premium with these ten discounts

Car insurance is not cheap, but you may find discounts to reduce the price significantly. A few discounts will automatically apply at quote time, but some may not be applied and must be asked for before being credited.

  • Good Student – A discount for being a good student can earn a discount of 20% or more. The discount lasts up to age 25.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Safe Driver Discount – Insureds without accidents can pay as much as 50% less for S-Class coverage than drivers with accident claims.
  • Save over 55 – Older drivers may qualify for better insurance rates for S-Class coverage.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Clubs and Organizations – Participating in a qualifying organization is a good way to get lower rates when shopping for insurance for S-Class coverage.
  • Accident Free – Good drivers with no accidents pay less compared to accident-prone drivers.
  • Student Driver Training – Require your teen driver to complete a driver education course in school.

Drivers should understand that most discount credits are not given to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. Just because you may think you could get a free insurance policy, it just doesn’t work that way. But all discounts will cut the amount you have to pay.

To see a list of insurers who offer insurance discounts, click here.

What is the best insurance coverage?

When choosing coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining whether you might need an agent’s assistance.

  • Do I need more liability coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When do I need to add a new car to my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my custom paint covered by insurance?
  • Do I have coverage when making deliveries for my home business?
  • What is the minimum liability in my state?
  • How can I get my company to pay me more for my totalled car?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form.

Coverages available on your policy

Learning about specific coverages of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2007 Mercedes-Benz S-Class.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

Coverage for collisions

Collision coverage 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 then your collision coverage will kick in.

Collision coverage pays for claims such as colliding with another moving vehicle, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.

Coverage for liability

Liability insurance protects you from damage that occurs to a person or their property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like repair costs for stationary objects, medical expenses, medical services, funeral expenses and legal defense fees. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Comprehensive coverage

This pays to fix your vehicle from 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 coverage protects against claims such as hitting a deer, a broken windshield, hitting a bird and rock chips in glass. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage pay for expenses for things like chiropractic care, doctor visits, dental work and ambulance fees. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Quote often and quote early

When buying insurance coverage, don’t be tempted to reduce needed coverages to save money. In many instances, an accident victim reduced physical damage coverage only to regret at claim time that the savings was not a smart move. The ultimate goal is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

Drivers leave their current company for any number of reasons including poor customer service, policy cancellation, high rates after DUI convictions or even denial of a claim. Whatever your reason, choosing a new company is pretty simple and you could end up saving a buck or two.

Lower-priced 2007 Mercedes-Benz S-Class insurance is possible both online and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some car insurance companies do not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

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