Compare 2018 Mercedes-Benz S-Class Insurance Quotes

Want cheaper insurance rates for your Mercedes-Benz S-Class? Nobody is fond of buying insurance, especially when they know they are paying too much. Big-name insurance companies like Progressive, Geico and Farmers Insurance all promote huge savings with advertising and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

Discounts to earn cheaper insurance rates

Companies offering auto insurance don’t always publicize every discount very well, so below is a list a few of the more common and the harder-to-find credits that you can use to lower your rates.

• Multiple Cars – Drivers who insure multiple vehicles with the same insurance company may reduce the rate for each vehicle.
• Life Insurance Discount – If the company offers life insurance, you could get a discount if you purchase auto and life insurance together.
• Military Deployment Discount – Being on active duty in the military could trigger a small discount.
• Switch and Save Discount – A few insurance companies give discounts for signing up prior to your current policy expiring. You may see this discount when you get auto insurance quotes online.
• Safe Drivers – Drivers who avoid accidents could pay up to 40% less on S-Class insurance compared to accident prone drivers.
• Government Employees – Federal government employees could cut as much as 10% off on S-Class insurance but check with your company.
• Resident Student – Older children living away from home attending college and do not take a car to college may qualify for this discount.
• Driving Data Discount – People who choose to allow their insurance company to track their driving habits by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if their driving habits are good.
• Passive Restraint Discount – Vehicles with factory air bags can receive discounts of up to 25% or more.

As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, you aren’t that lucky. Any qualifying discounts will reduce the premium cost.

Auto insurance companies that have some of the discounts shown above are:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

Double check with all companies you are considering to apply every possible discount. Savings may not apply to policyholders in your area.

Seven factors that determine insurance rates

Lots of things are used when you quote your car insurance policy. Most are fairly basic such as your driving history, but other factors are more obscure such as whether you are married or how safe your car is.

• What are good liability coverage limits? – Your policy’s liability coverage will protect you if a jury decides you are liable for damages from an accident. Your policy’s liability insurance provides legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to other policy coverages, so do not skimp.
• Incidental coverages can cost a lot – There are many additional extra coverages that sound like a good idea at the time if you aren’t careful. Add-on coverages like rental car reimbursement, high-cost glass coverage, and term life insurance could be just wasting money. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so remove them from your policy.
• How’s your driving record? – How you drive has a big impact on rates. Even a single moving violation may increase your cost forty percent or more. Drivers who don’t get tickets get better prices as compared to those with violations. Drivers who have received serious tickets such as hit and run, DWI or reckless driving convictions may need to file a SR-22 with their state’s department of motor vehicles in order to prevent a license revocation.
• Lower rates by increasing comp and collision deductibles – Your deductibles represent how much money you are willing to pay before your auto insurance pays a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are rearending another vehicle, animal collisions, or theft of your vehicle. The more of the claim you have to pay, the better rate you will receive on S-Class insurance.
• Avoid policy lapses – Having a lapse in insurance coverage can be a quick way to bump up your auto insurance costs. In addition to paying higher premiums, getting caught without coverage might get you a hefty fine and possibly a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
• Teenagers are high risk – Teen drivers are statistically proven to be more careless when driving and because of this, their auto insurance rates are much higher. Parents adding a teen driver onto your auto insurance can really hurt. Mature drivers tend to be more responsible, tend to cause fewer accidents , and are generally more financially stable.
• Vehicle options impact prices – Driving a car that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder car theft.

Tailor your auto insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Each situation is unique so your insurance should reflect that These are some specific questions can aid in determining if your insurance needs would benefit from professional advice.

• How can I get high-risk coverage after a DUI?
• If I drive on a suspended license am I covered?
• Am I covered if hit by an uninsured driver?
• When can my company non-renew my policy?
• Does my policy pay for OEM or aftermarket parts?
• What is UM/UIM insurance?
• Should I carry comprehensive and collision coverage?
• Will I lose any money if I cancel my policy before it expires?
• How much liability insurance is required?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Is there truth in advertising?

Consumers get pounded daily by advertisements for cheaper insurance from the likes of Progressive, Geico, Allstate and State Farm. All the companies state the claim that you’ll save big if you get a free auto insurance quote and switch your insurance coverage to their company.

How do they all save you money? This is how they do it.

Insurance companies have an ideal profile for the type of driver that will not have excessive claims. One example of a preferred risk could be over the age of 50, carries high limits, and drives less than 5,000 miles a year. Any customer who meets those qualifications will most likely get cheap car insurance rates and will save a lot if they switch.

Drivers who do not match these standards will see higher premium rates and ends up with the prospect going elsewhere. The trick companies use is to say “customers who switch” not “everyone who quotes” will save that much if they switch. That’s why companies can make it sound like they have such great premium rates.

Because every company is different, drivers should get price quotes at each policy renewal. You cannot predict which insurance company will be your best fit.

Auto insurance coverage basics

Having a good grasp of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average auto insurance policy.

Insurance for medical payments

Med pay and PIP coverage reimburse you for bills for funeral costs, X-ray expenses, surgery and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, vandalism and falling objects. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz S-Class.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

Collision coverage pays for damage to your S-Class resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, sustaining damage from a pot hole, colliding with a tree, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Auto liability insurance

This will cover damage that occurs to people or other property. 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: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as funeral expenses, attorney fees and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Make a quick buck

When searching for low cost auto insurance quotes, do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to regret at claim time they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.

You just learned quite a bit of information on how to reduce 2018 Mercedes-Benz S-Class insurance premium rates online. It’s most important to understand that the more companies you get prices for, the higher your chance of finding affordable auto insurance. Consumers may even find the lowest premium rates are with some of the smallest insurance companies. Smaller companies can often provide lower prices in certain areas compared to the large companies like Geico and State Farm.

Helpful articles

• Teen Driver Statistics (Insurance Information Insitute)
• Insurance Losses by Make and Model (iihs.org)
• Car Insurance FAQ (Trusted Choice)
• State Laws for Cellphones and Texting (iihs.org)
• Safety Features for Your New Car (State Farm)
• Winter Driving (Insurance Information Insitute)