How Much Does 2004 Mercedes-Benz S-Class Car Insurance Cost?

Think you have an expensive car insurance policy? Believe me, many consumers feel financially strained by their car insurance policy. Numerous insurers battle for your hard-earned dollar, and because of this it can be hard to compare insurers and uncover the absolute best rates possible.

Discounts can really help lower premiums

Some providers do not advertise all their discounts in a way that’s easy to find, so the list below contains both well-publicized and the harder-to-find auto insurance savings.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and earn discounts up to 10%.
  • Discount for Low Mileage – Maintaining low annual mileage may allow you to get slightly better rates than normal.
  • Passive Restraints and Air Bags – Options like air bags and/or automatic seat belt systems may qualify for discounts of 20% or more.
  • Student Discounts – Being a good student can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Driver Training Discounts – Successfully completing a defensive driving course could save 5% or more and make you a better driver.
  • Professional Memberships – Joining specific professional or occupational memberships or organizations is a simple method to lower premiums on your next auto insurance statement.
  • Discounts for New Vehicles – Adding a new car to your policy can save up to 30% since new model year vehicles have better safety ratings.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Discount for Swiching Early – A few companies allow discounts for switching companies before your current policy expires. The savings is around 10%.

One last thing about discounts, some credits don’t apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

Popular auto insurance companies and some of the discounts are included below.

  • State Farm may offer discounts for passive restraint, good driver, anti-theft, multiple autos, and accident-free.
  • American Family may include discounts for multi-vehicle, good driver, accident-free, Steer into Savings, good student, and mySafetyValet.
  • AAA may have discounts that include multi-car, good student, good driver, pay-in-full, education and occupation, and anti-theft.
  • GEICO has discounts for multi-policy, emergency military deployment, defensive driver, good student, and membership and employees.
  • Mercury Insurance includes discounts for good driver, accident-free, professional/association, age of vehicle, anti-theft, good student, and annual mileage.
  • Farmers Insurance offers discounts including alternative fuel, distant student, switch companies, mature driver, electronic funds transfer, early shopping, and pay in full.
  • Progressive offers discounts for multi-vehicle, homeowner, good student, online quote discount, multi-policy, continuous coverage, and online signing.

When getting free insurance coverage quotes, it’s a good idea to every insurance company which credits you are entitled to. Savings may not apply to policies everywhere. For a list of providers who offer discounts, click here.

Will just any policy work for me?

When choosing the right insurance coverage, there really is not a cookie cutter policy. Each situation is unique so your insurance should reflect that For instance, these questions can help discover whether or not you would benefit from professional advice.

  • Will my rates increase for filing one claim?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need rental car coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my custom paint covered by insurance?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How do I buy GAP insurance?
  • How do I file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Save $422 a year? Really?

Drivers can’t ignore all the ads that claim the lowest rates by Allstate, GEICO and Progressive. They all make an identical promise that drivers will save a bundle just by switching your policy.

How does each company give you a better price? It’s all in the words they use.

Insurance companies have specific criteria for the type of driver that will most likely be profitable. A good example of a profitable risk profile might have to be between 30 and 50, has a clean driving record, and has great credit. Any customer who fits those characteristics will probably get cheap premium rates and is almost guaranteed to save some money.

Consumers who don’t meet this ideal profile will see higher rates which usually ends up with the driver buying from a lower-cost company. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” will save that much if they switch. This is how companies can make claims that they all have the best premium rates. This really illustrates why you should get insurance coverage quotes as often as possible. Because without a comparison, you cannot know with any certainty which company will have the best car insurance rates for your profile.

Car insurance coverages for a 2004 Mercedes-Benz S-Class

Having a good grasp of car insurance helps when choosing which coverages you need for your vehicles. Car insurance terms can be confusing and coverage can change by endorsement. These are the normal coverages found on the average car insurance policy.

Comprehensive (Other than Collision) – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from getting keyed, rock chips in glass and hail damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 Mercedes-Benz S-Class.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability – This can cover damage that occurs to people or other property. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as court costs, emergency aid, legal defense fees, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Collision – This covers damage to your S-Class caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as driving through your garage door, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical expense insurance – Med pay and PIP coverage provide coverage for immediate expenses for things like doctor visits, rehabilitation expenses, dental work and ambulance fees. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Saving money is sweet as honey

Some car insurance companies do not offer online rate quotes and many times these small, regional companies only sell through independent agents. Discount 2004 Mercedes-Benz S-Class insurance can be purchased online and with local insurance agents, so you should compare both to get a complete price analysis.

As you shop your coverage around, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. Your aim should be to purchase a proper amount of coverage at an affordable rate.

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