Cheaper 2014 Mercedes-Benz S-Class Insurance Rates

I can’t think of a single person who looks forward to buying insurance, especially when the price is too high. Big companies like Allstate, Progressive and GEICO all claim big savings, bombarding you with TV and radio ads and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

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

An important part of buying insurance is that you know the factors that play a part in calculating the price you pay for auto insurance. Knowing what influences your rates helps enable you to make changes that may reward you with better auto insurance rates.

Shown below are some of the items that factor into rates.

  • Too many auto insurance claims drive up costs – Insurance companies provide better rates to people who are claim-free. If you tend to file frequent claims, you can pretty much guarantee higher rates. Car insurance is intended to be relied upon for the large, substantial claims.
  • Your location affects your rates – Being located in small towns and rural areas can be a good thing when buying auto insurance. City drivers have to deal with much more traffic and longer commute times. Less people living in that area means fewer accidents and a lower car theft rate.
  • Special features that cut premiums – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.
  • Don’t sacrifice liability coverage – Liability insurance is the protection in the event that a court rules you are at fault for causing damage or personal injury in an accident. Liability provides for a legal defense starting from day one. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
  • Drive a safer car and pay less – Vehicles with high crash test scores can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Mercedes-Benz has ratings of a minimum four stars on it may be receiving lower rates.
  • Lower miles equals lower premium – Driving more miles in a year the higher your rates will be. Most insurance companies apply a rate based on their usage. Autos left parked in the garage get more affordable rates than those used for commuting. An improperly rated S-Class can result in significantly higher rates. Make sure your auto insurance coverage shows the proper vehicle usage.
  • Marriage brings a discount – Being married can actually save you money on your auto insurance policy. Marriage is viewed as being more mature than a single person it has been statistically shown that drivers who are married are more cautious.

Comparison of Insurance

Most companies such as Allstate, GEICO and Progressive give coverage price quotes on the web. This process doesn’t take a lot of time as you simply type in your coverage information into the quote form. When the form is submitted, their rating system will obtain information on your driving record and credit history and provides a quote. Being able to quote online helps simplify price comparisons, but the time it takes to visit a lot of sites and complete many quote forms can be a bit tiresome and repetitive. But it’s very important to perform this step in order to find lower prices.

An easier way to get multiple rate quotes uses one simple form to obtain quotes from more than one company. The form is fast, helps eliminate reptitive entry, and makes online quotes much more efficient. As soon as the form is sent, it gets priced with multiple companies and you can pick any or none of the returned quotes.

If the quotes result in lower rates, you can simply submit the application and buy the policy. The entire process takes 15 minutes at the most and you’ll know if lower rates are available.

In order to compare rates now, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend you input the coverage information exactly as shown on your declarations page. This makes sure you will get an apples-to-apples comparison based on the exact same insurance coverage.

Is there deception in advertising?

Consumers constantly see and hear ads for cheaper car insurance from the likes of Allstate, GEICO and Progressive. All the companies make an identical promise that you can save if you move your coverage to them.

How does each company claim to save you money? This is how they do it.

All companies have a preferred profile for the right customer that makes them money. For instance, a profitable customer could possibly be between the ages of 30 and 50, owns a home, and has excellent credit. A customer who matches those parameters gets the lowest rates and is almost guaranteed to save when switching.

Potential customers who fall outside these standards will have to pay higher rates and this can result in the driver buying from a lower-cost company. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can claim big savings.

Because of the profiling, it is so important to compare many company’s rates. It’s not possible to predict the company that will provide you with the cheapest Mercedes-Benz S-Class insurance rates.

Are you getting all your discounts?

Car insurance can cost a lot, but there are discounts available to help bring down the price. Certain discounts will be applied at the time of purchase, but a few must 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.

  • Resident Student – Kids in college who live away from home and don’t have a car can receive lower rates.
  • Claim Free – Claim-free drivers pay much less when compared with bad drivers.
  • Senior Discount – Mature drivers may be able to get a discount up to 10% for S-Class coverage.
  • Drivers Education – Have your child take driver’s ed class in high school.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts up to 30%.

Drivers should understand that most discounts do not apply the the whole policy. A few only apply to specific coverage prices like medical payments or collision. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will bring down your premiums.

To see a list of insurers with discount insurance coverage rates, follow this link.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different and your policy should reflect that. For instance, these questions could help you determine whether or not you might need an agent’s assistance.

  • Does my insurance cover a custom paint job?
  • Am I covered by my spouse’s policy after a separation?
  • Do all my vehicles need collision coverage?
  • Are rental cars covered under my policy?
  • Should I waive the damage coverage when renting a car?
  • Is my cargo covered for damage or theft?

If you can’t answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Detailed coverages of your car insurance policy

Knowing the specifics of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages found on most car insurance policies.

Comprehensive coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a broken windshield, falling objects, hail damage and vandalism. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Mercedes-Benz S-Class.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.

Auto collision coverage

This coverage covers damage to your S-Class caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, scraping a guard rail and colliding with a tree. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for surgery, prosthetic devices, rehabilitation expenses and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Liability auto insurance

This provides protection from damages or injuries you inflict on people or other property in an accident. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as structural damage, court costs, funeral expenses and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

In any little way, save everyday

We covered some good ideas how you can compare 2014 Mercedes-Benz S-Class insurance prices online. The key concept to understand is the more rate quotes you have, the better your comparison will be. Drivers may discover the best prices are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.

Cheaper insurance is attainable both online and with local insurance agents, so compare prices from both to get a complete price analysis. Some companies do not offer online quoting and most of the time these regional insurance providers sell through independent agents.

More information can be found at the links below