Save on 2001 Mercedes-Benz S-Class Insurance Cost

Are you burned out from robbing Peter to pay Paul to make your insurance payment? You are no different than many other drivers.

Companies like Progressive, State Farm and GEICO all claim big savings, bombarding you with ad campaigns and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.

If you currently have car insurance, you should be able to cut costs considerably using this strategy. Finding the best rates is quite easy. Although vehicle owners benefit from understanding the way companies determine prices and use this information to your advantage.

How much is insurance?

When looking for cheaper insurance coverage quotes, there are a couple ways of comparing price quotes from insurance companies in your area. The simplest method to find the cheapest 2001 Mercedes-Benz S-Class insurance rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

  1. The fastest way consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This easy form keeps you from doing separate quotes for every company. Completing one form gets rate comparisons from several companies.
  2. Another way to compare prices requires you to visit each individual company website and get a separate price quote. For sake of this example, let’s say you want to compare USAA, Liberty Mutual and Allstate. To get each rate you have to navigate to each company’s site to input your insurance information, which can get old fast. To view a list of companies in your area, click here.
  3. The last way to quote and compare insurance rates is to waste gas driving to different agent offices. Comparing rates online has made agencies unnecessary unless you’re the type of person who wants the trained advice of a local agent. Although you can compare online quotes but have your policy serviced through an agent.

It doesn’t matter which method you choose, just make sure you are using apples-to-apples coverage limits on every quote you get. If you compare different liability limits you will not be able to make an equal comparison. Even a minor difference in coverage limits may result in large price differences. And when comparing insurance rates, know that comparing more company’s prices helps you find the best offered rates.

Lower rates by qualifying for discounts

Companies offering auto insurance don’t always advertise the entire discount list in a way that’s easy to find, so the list below gives a summary of some of the more common and also the more inconspicuous savings tricks you should be using when you buy insurance coverage online. If you check and find you aren’t receiving every discount you qualify for, you could be getting lower rates.

  • Homeowners Pay Less – Owning a house may earn you a small savings due to the fact that maintaining a home requires a higher level of personal finance.
  • Discount for Passive Restraints – Factory options such as air bags or motorized seat belts can qualify for discounts of more than 20%.
  • Membership in Organizations – Being in certain professional organizations could trigger savings when getting a insurance coverage quote.
  • Theft Deterent System – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
  • Responsible Driver Discount – Accident-free drivers may save up to 50% more on S-Class insurance as compared to drivers with claims.
  • Resident Student – Kids who attend college more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Life Insurance Discount – Larger insurance carriers have a small discount if you purchase some life insurance too.
  • Accident-Free Discounts – Insureds with no claims or accidents can earn big discounts in comparison with insureds who have frequent claims or accidents.
  • Telematics Discount – Drivers who elect to allow driving data collection to monitor where and when they drive by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they are good drivers.

It’s important to understand that some credits don’t apply the the whole policy. Most only cut individual premiums such as collision or personal injury protection. Even though it may seem like you could get a free insurance coverage policy, company stockholders wouldn’t be very happy.

For a list of providers with discount rates, click here to view.

Car insurance is unique, just like you

When choosing the best car insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s needs are different so this has to be addressed. These are some specific questions might help in determining whether or not you might need professional guidance.

  • Can I afford to buy a different vehicle if my 2001 Mercedes-Benz S-Class is totaled?
  • Am I covered when delivering products for my home-based business?
  • Is my teen driver covered when they drive my company car?
  • When does my teenage driver need to be added to my policy?
  • What are the financial responsibility laws in my state?
  • Should I rate my 2001 Mercedes-Benz S-Class as pleasure use or commute?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Smart buyers can lower insurance rates

Multiple criteria are used when you get your auto insurance bill. A few of the factors are predictable like your driving record, although some other factors are more transparent like your continuous coverage or how safe your car is.Smart consumers have a good feel for some of the factors that are used to determine the rates you pay for auto insurance. When you understand what determines premiums, this enables informed choices that can help you get much lower annual insurance costs.

  • Single drivers take more risk – Being married can actually save you money on your auto insurance policy. Marriage usually means you are more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Insure your auto and home with one company – Most insurers will give a discount to clients who carry more than one policy such as combining an auto and homeowners policy. Discounts can be ten or even fifteen percent. If you currently are using one company, consumers should still check prices from other companies to help ensure you have the lowest rates.
  • Avoid traffic tickets – Drivers who don’t get tickets pay lower auto insurance prices compared to bad drivers. Only having one driving citation can boost insurance rates forty percent or more. People who have careless tickets like hit and run, DWI or reckless driving convictions may face state-mandated requirements to file a SR-22 with the DMV in their state in order to legally drive.
  • Low physical damage deductibles cost more – Comp and collision deductibles tell how much you are required to spend out-of-pocket if a covered claim is submitted. Protection for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of covered claims are rearending another vehicle, damage caused by hail, and damage caused by road hazards. The more damage repair cost you are required to pay out-of-pocket, the bigger discount you will receive on S-Class insurance.

Car insurance coverages for a 2001 Mercedes-Benz S-Class

Knowing the specifics of your policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are typical coverages found on most car insurance policies.

Auto liability insurance – This coverage can cover damage that occurs to a person or their property by causing an accident. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as medical services, pain and suffering and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like prosthetic devices, chiropractic care, ambulance fees and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The most your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, 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 are set the same as your liablity limits.

Collision – This pays for damage to your S-Class caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as sustaining damage from a pot hole, scraping a guard rail, driving through your garage door and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Shop. Compare. Save.

We covered many ideas to reduce 2001 Mercedes-Benz S-Class insurance prices online. The most important thing to understand is the more price quotes you have, the better your comparison will be. You may even discover the lowest prices are with a lesser-known regional company. Regional companies may only write in your state and offer lower rates as compared to the big name companies such as GEICO and State Farm.

There are still a few companies who don’t offer online rate quotes and these small insurance companies only sell coverage through independent insurance agencies. Low-cost 2001 Mercedes-Benz S-Class insurance is possible online and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates.

When buying insurance coverage, do not reduce needed coverages to save money. There are a lot of situations where drivers have reduced uninsured motorist or liability limits only to find out that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at the best cost while still protecting your assets.

Much more information about insurance coverage is available below: