2003 Mercedes-Benz S-Class Car Insurance Rates

Are you drained from not being able to scrape enough together to pay car insurance each month? You have the same problem as many other drivers. People have multiple car insurance companies to pick from, and although it’s nice to have a choice, it can be more difficult to find the best rates for your vehicles.

It’s a great practice to check car insurance prices quite often since prices go up and down regularly. If you had the lowest price on S-Class insurance on your last policy a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because it’s time to teach you how to quote online to find lower rates on car insurance.

Locating affordable insurance coverage is quite easy. If you have a policy now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates while maintaining coverages. Drivers just need to learn the best way to get comparison quotes online.

Find discounts to get cheap car insurance quotes

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that many consumers don’t even know exist. Some discounts apply automatically at the time of quoting, but some need to be asked for before being credited.

  • Low Mileage – Fewer annual miles on your Mercedes-Benz can qualify you for cheaper car insurancerates.
  • Payment Method – If you can afford to pay the entire bill instead of monthly or quarterly installments you may have a lower total premium amount.
  • Early Renewal Discounts – Some companies reward drivers for switching to them before your current expiration date. You may see this discount when you get car insurance quotes online.
  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on S-Class insurance but check with your company.
  • Anti-lock Brakes – Cars and trucks with ABS braking systems or traction control have fewer accidents and qualify for as much as a 10% discount.
  • Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
  • Discounts for Responsible Drivers – Drivers who avoid accidents may save up to 50% more on S-Class insurance than drivers with accident claims.

Keep in mind that most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.

A list of car insurance companies and some of their more popular discounts are shown below.

  • 21st Century discounts include anti-lock brakes, good student, air bags, teen driver, and theft prevention.
  • State Farm may offer discounts for multiple autos, anti-theft, Drive Safe & Save, student away at school, and good driver.
  • AAA may include discounts for anti-theft, multi-car, education and occupation, AAA membership discount, good student, multi-policy, and good driver.
  • Liberty Mutual includes discounts for preferred payment discount, new move discount, new graduate, new vehicle discount, safety features, newly retired, and hybrid vehicle.
  • Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, good student, online quote discount, and multi-policy.

If you want cheap car insurance quotes, ask each insurance company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders in your area. If you would like to choose from a list of providers that have a full spectrum of discounts, click this link.

Insurance coverage quotes comparison

Most major insurance companies make it easy to get prices on their websites. Doing online price comparisons is quite simple as you just enter the coverages you want on the page. Upon sending the form, the quote system gets information on your driving record and credit history and generates pricing information based on the information you submitted. Online price quotes makes it easy to compare insurance prices but the time required to go to several different sites and type in the same information is not the best way to spend an afternoon. But it’s necessary to compare as many rates as possible if you are searching for better insurance coverage pricing.

There is an easier way to compare rates

A more efficient way to find cheaper rates makes use of a single form that obtains quotes from many companies. It’s a real time-saver, requires less work, and makes rate comparisons much more efficient. After sending the form, it is rated and you can choose your choice of the quotes returned.

If you find a better price you simply finish the application and buy the new coverage. The whole process only takes a few minutes and you will know how your current rates stack up.

To save time and find out if lower rates are available, click here to open in new window and input your coverage information. If you have coverage now, it’s recommended you enter coverages and limits as shown on your current policy. This ensures you will receive rate quotes using the same coverage and limits.

The Mercedes-Benz S-Class insurance cost equation

Many different elements are part of the calculation when premium rates are determined. Some are obvious like an MVR report, but others are more obscure such as your credit history or your financial responsibility.An important part of buying insurance is that you know the different types of things that aid in calculating the rates you pay for insurance coverage. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that can help you get much lower annual insurance costs.

The itemized list below are just a few of the factors insurance coverage companies consider when setting your rates.

  • Cheaper insurance coverage rates for being claim-free – If you file a lot of claims you shouldn’t be surprised to get much higher rates or policy non-renewal. Insurance companies generally give better rates to insureds who only file infrequent claims. Your insurance policy is meant to be used in the event of claims that you cannot pay yourself.
  • Rates increase with policy add-ons – There are many add-on coverages that can waste your money if you don’t pay attention. Add-on coverages like rental car coverage, accidental death, and extra life insurance coverage may be costing you every month. They may seem good when you first buy your policy, but if they’re wasting money eliminate them to save money.
  • Employer can influence rates – Jobs like judgesair traffic controllers and dentists generally have higher premium rates because of high stress and long work days. On the other hand, jobs such as actors, athletes and the unemployed pay the least on S-Class insurance.
  • Costs also based on gender – Statistics show females are less aggressive when driving. The data does not necessarily mean that men are WORSE drivers than women. Both genders tend to get into auto accidents at a similar rate, but the men have costlier accidents. Not only are claims higher, but men receive more major tickets like DWI (DUI) or reckless driving. Teenage male drivers are most likely to cause an accident so they pay the highest premiums.
  • Excellent credit saves on insurance coverage – An insured’s credit rating is a large factor in determining what you pay for insurance coverage. If your credit history is not that good, you could pay less to insure your 2003 Mercedes-Benz S-Class by spending a little time repairing your credit. Consumers who have very high credit ratings tend to file fewer claims as compared to drivers with poor credit.
  • Avoid tickets and save – Whether or not you get tickets has a big impact on rates. Drivers with clean records get better rates as compared to careless drivers. Only having one citation may cause rates to rise by as much as twenty percent. Drivers with severe citations like hit and run, DWI or reckless driving convictions might be required by their state to file a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
  • Do you know your physical damage deductibles? – Protection for physical damage, also called comprehensive and collision insurance, covers your vehicle from damage. Examples of some claims that would be covered would be collision with another vehicle, vandalism, and windstorm damage. The deductibles state the amount of money you are required to pay if the claim is covered. The more of the claim you pay before a claim is paid (deductible), the bigger discount you will receive on S-Class insurance.
  • Defend yourself with liability insurance – A critical coverage on your policy, liability insurance is the coverage that protects you when you are ruled to be at fault for damages caused by your negligence. It provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.

Tailor your car insurance coverage to you

When choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • If my 2003 Mercedes-Benz S-Class is totaled, can I afford another vehicle?
  • How can I get high-risk coverage after a DUI?
  • Is a blown tire covered by insurance?
  • Does medical payments coverage apply to all occupants?
  • Does my car insurance cover rental cars?
  • Is my teen driver covered when they drive my company car?
  • Do I have newly-aquired coverage?

If you don’t know the answers to these questions, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It only takes a few minutes and may give you better protection.

Insurance buyers beware

Drivers can’t get away from all the ads that promise big savings by companies like State Farm and Allstate. All the companies make the point that you’ll save big just by moving your policy.

It sounds good, but how can they all give you a lower rate? Here is how they do it.

Companies have specific guidelines for the type of driver that will be a good risk. One example of a driver they prefer may need to be between the ages of 30 and 50, has never had a claim, and drives a vehicle with a low ISO rating. Any customer that meets those criteria will get very good rates and as a result will probably save quite a bit of money when switching.

Drivers who do not meet those standards must pay more expensive rates which usually ends up with the customer not buying. The ads state “people who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can confidently advertise the savings.

This really drives home the point why you really should quote coverage with many companies. Because you never know which insurance companies will have the lowest rates.

Car insurance 101

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like pain medications, nursing services, ambulance fees and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Liability

Liability coverage protects you from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as loss of income, emergency aid, pain and suffering, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, crashing into a ditch, sustaining damage from a pot hole, sideswiping another vehicle and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, rock chips in glass, vandalism, hitting a bird and hail damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2003 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. So UM/UIM coverage is very important. Most of the time these coverages are set the same as your liablity limits.

A penny saved is a penny earned

A few companies do not provide rates over the internet and usually these small insurance companies provide coverage only through independent insurance agents. Discount 2003 Mercedes-Benz S-Class insurance is attainable from both online companies in addition to local insurance agencies, and you need to price shop both to have the best chance of lowering rates.

While you’re price shopping online, you should never reduce coverage to reduce premium. In too many instances, an insured cut liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase a proper amount of coverage for the lowest cost.

We just covered some good ideas how you can compare 2003 Mercedes-Benz S-Class insurance car insurance rates online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper car insurance. Consumers could even find that the biggest savings come from an unexpected company. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm or Progressive.

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