Cheap 2005 Mercedes-Benz S-Class Car Insurance Rates

Looking for cheaper car insurance rates for your Mercedes-Benz S-Class? If you are new to online price comparisons, you may be confused due to the large selection insurance agents and companies who claim to have the best car insurance rates.

Learn how to buy car insurance more affordably

Consumers need to have an understanding of the factors that play a part in calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in big savings.

  • Car insurance rates can be impacted by your vocation – Careers such as military generalsair traffic controllers and dentists tend to pay higher premiums than the average policyholder in part from intense work situations and extremely grueling work hours. On the flip side, occupations like actors, engineers and performers have lower than average premiums on S-Class insurance.
  • Fewer miles means better prices – The higher the mileage driven each year the more you’ll pay to insure it. Most companies charge rates based upon how the vehicle is primarily used. Cars that have low annual miles qualify for better rates than cars that get driven a lot. Make sure your car insurance policy is showing how each vehicle is driven. Improper usage on your S-Class may be costing you higher rates.
  • Eliminate unneeded add-on coverages – There are quite a few add-on coverages that you can get tricked into buying on your S-Class policy. Insurance for things like personal injury protection, accident forgiveness, and additional equipment coverage are probably not needed. You may think they are a good idea when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
  • More policies can equal more savings – Most insurance companies provide discounts to buyers that buy multiple policies, otherwise known as a multi-policy discount. The discount can add up to 10 percent or more. Even with this discount, you still need to get quotes from other companies to help ensure you have the lowest rates.
  • Why do you need liability insurance? – A critical coverage on your policy, liability insurance kicks in in the event that you are found to be at fault for damages from an accident. It provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Battle of the sexes – Statistics have proven women tend to be less risk to insure than men. It does not mean females are better drivers. They both have fender benders at a similar rate, but the males have accidents that have higher claims. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Young males are the most expensive to insure so it costs more to insure them.
  • Vehicles with better crash test results cost less to insure – Cars with high safety ratings tend to be cheaper to insure. Vehicles built for safety reduce the chance of injuries and fewer serious injuries means your insurance company pays less and lower rates for you. If your Mercedes-Benz is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
  • Vehicle options that lower prices – Buying a car that has an advanced theft prevention system can save you some money. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.

Insurance coverage discounts are available to cut your rates

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that could help you make your next renewal payment. Many discounts should be triggered when you complete an application, but some may not be applied and must be asked for before you get the savings.

  • Homeowners Pay Less – Owning your own home or condo can earn you a little savings since owning and maintaining a home is proof of financial responsibility.
  • First Accident Forgiveness – This one isn’t a discount, but a handful of insurance companies will forgive one accident without the usual rate increase if you have no claims prior to being involved in the accident.
  • Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems could see savings up to 30%.
  • Defensive Driving Course – Taking a class that teaches defensive driver techniques may get you a small discount and easily recoup the cost of the course.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts may be able to save a few bucks on medical payment and PIP coverage.

One thing to note about discounts is that some credits don’t apply to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like it’s possible to get free car insurance, you’re out of luck.

A list of companies and the discounts they provide are:

  • American Family offers discounts including mySafetyValet, defensive driver, accident-free, early bird, bundled insurance, TimeAway discount, and good student.
  • Nationwide may have discounts that include good student, accident-free, Farm Bureau membership, family plan, anti-theft, and business or organization.
  • MetLife policyholders can earn discounts including defensive driver, good student, good driver, claim-free, accident-free, and multi-policy.
  • 21st Century discounts include homeowners, defensive driver, automatic seat belts, early bird, and student driver.
  • Farmers Insurance has savings for teen driver, homeowner, bundle discounts, business and professional, mature driver, and youthful driver.
  • Allstate may offer discounts for multi-policy, early signing, safe driver, new car, senior citizen, passive restraint, and teenSMART discount.

When getting a coverage quote, ask each insurance company how you can save money. Savings may not apply in your area. To locate companies who offer insurance coverage discounts, click this link.

Everyone needs different auto insurance coverages

When choosing the right insurance coverage, there is no perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • Is there coverage for injuries to my pets?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered if I crash into my own garage door?
  • Do I benefit by insuring my home with the same company?
  • Can I get a multi-policy discount?
  • If I drive on a suspended license am I covered?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverage information

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Collision – This coverage pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a building, sideswiping another vehicle, scraping a guard rail, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a broken windshield, damage from flooding and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability – This can cover damage or injury you incur to other people or property that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has 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 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims like court costs, bail bonds and loss of income. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like hospital visits, rehabilitation expenses, pain medications and nursing services. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Be Smart and Buy Smart

Insureds switch companies for a number of reasons such as high rates after DUI convictions, lack of trust in their agent, delays in responding to claim requests and even policy non-renewal. Regardless of your reason for switching companies, choosing a new company can be less work than you think.

Some insurance companies do not offer online price quotes and most of the time these small insurance companies only sell coverage through local independent agencies. Low-cost 2005 Mercedes-Benz S-Class insurance can be sourced from both online companies and from local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money.

When shopping online for car insurance, it’s a bad idea to buy less coverage just to save a little money. In many cases, drivers have reduced collision coverage only to regret that it was a big mistake. The aim is to buy the best coverage you can find at the best possible price, not the least amount of coverage.

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