2012 Mercedes-Benz S-Class Car Insurance Rates

Searching for better insurance rates? Consumers have options when looking for the lowest priced Mercedes-Benz S-Class insurance. You can either spend your time calling around trying to get quotes or leverage the internet to find the lowest rates. There are both good and bad ways to shop for insurance so you’re going to learn the proper way to get price quotes for your Mercedes-Benz and get the lowest possible price either online or from local insurance agents.

You need to price shop coverage before your policy renews because prices are usually higher with each renewal. Even if you got the best price on S-Class coverage six months ago other companies may now be cheaper. Ignore everything you know about insurance because you’re about to find out how to use online quotes to buy cheaper insurance.

Finding the best rates is not rocket science. If you currently have car insurance, you will most likely be able to cut costs considerably using these tips. Drivers just need to learn the best way to find the lowest price over the internet.

What determines Mercedes-Benz S-Class insurance costs?

Lots of things are used in the calculation when you get a price on insurance. A few of the factors are predictable like an MVR report, but other factors are more transparent like your vehicle usage or your financial responsibility.A large part of saving on insurance is knowing the rating factors that play a part in calculating your policy premiums. When you know what positively or negatively determines base rates, this allows you to make educated decisions that could result in lower rates.

The items below are a few of the “ingredients” insurance companies consider when setting your premiums.

  • Liability coverage is peace of mind – Liability insurance kicks in if you are found to be at fault for causing damage or personal injury in an accident. Your liability coverage provides for a legal defense up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Don’t cancel your insurance policy without a new one in place – Driving without insurance is illegal and any future policy may cost more because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance could result in a license revocation or jail time.
  • Pleasure use or commuting – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. A lot of insurance companies apply a rate based on their usage. Vehicles that have low annual miles receive lower rates as compared to vehicles used primarily for driving to work. An incorrectly rated S-Class may be costing you. It’s a smart idea to ensure your declarations sheet is showing the proper vehicle usage.
  • Improve your credit rating and save – Having a good credit rating factor in determining your rates. Drivers who have very good credit scores tend to file fewer claims and have better driving records as compared to drivers with bad credit. If your credit leaves room for improvement, you could save money insuring your 2012 Mercedes-Benz S-Class by taking the time to improve your credit score.
  • Safer vehicles mean better premiums – Safer cars tend to be cheaper to insure. The safest vehicles reduce injuries and better occupant protection means lower claim amounts which can mean better rates for you.
  • Your vocation and insurance rates – Occupations such as fire fightersairline pilots and dentists generally pay higher premiums than the average policyholder attributed to intense work-related stress and long work days. Conversely, occupations like professors, historians and retirees generally pay rates lower than average on S-Class coverage.
  • Extra policy coverages are wasting money – Insurance policies have a lot of additional extra coverages that you can buy when buying insurance. Insurance for things like replacement cost coverage, high-cost glass coverage, and additional equipment coverage may be costing you every month. You may think they are a good idea initially, but your money might be better spent on other coverage so eliminate them to save money.
  • Driving citations will cost you – Your driving citation history has a lot to do with how much you pay for insurance. Even one driving citation may increase your cost by twenty percent. Drivers with clean records receive lower rates than bad drivers. Drivers who have severe tickets such as DUI or willful reckless driving might be required by their state to prove financial responsibility with their state motor vehicle department in order to legally drive a vehicle.

Discount auto insurance quotes

Car insurance can cost a lot, but discounts can save money and there are some available that may help make it more affordable. Most are applied at the time you complete a quote, but some discounts are required to be specially asked for in order for you to get them.

  • Multi-Vehicle Discounts – Buying coverage for multiple cars or trucks on the same auto insurance policy qualifies for this discount.
  • Discounts for Responsible Drivers – Drivers without accidents can pay as much as 50% less on S-Class coverage compared to rates paid by drivers with frequent claims.
  • Homeowners Pay Less – Just being a homeowner can earn you a little savings because owning a home requires a higher level of personal finance.
  • Safety Restraint Discount – Buckling up and requiring all passengers to buckle up before driving can save up to 15% off the personal injury premium cost.
  • Drive Less and Save – Low annual miles could earn cheaper auto insurancerates.
  • Pay Upfront and Save – If you pay your bill all at once instead of paying each month you can avoid the installment charge.
  • Discount for Good Grades – Maintaining excellent grades can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.

While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky.

Large auto insurance companies and their possible discounts are detailed below.

  • State Farm may include discounts for multiple policy, safe vehicle, accident-free, good student, driver’s education, good driver, and Steer Clear safe driver discount.
  • GEICO includes discounts for daytime running lights, anti-lock brakes, military active duty, multi-vehicle, emergency military deployment, seat belt use, and defensive driver.
  • Allstate discounts include good student, senior citizen, utility vehicle, resident student, and anti-lock brakes.
  • SAFECO may offer discounts for multi-car, drive less, accident prevention training, homeowner, anti-lock brakes, and bundle discounts.
  • Farm Bureau has savings for multi-policy, multi-vehicle, youthful driver, driver training, renewal discount, good student, and 55 and retired.
  • Progressive may have discounts that include good student, homeowner, online quote discount, online signing, multi-policy, continuous coverage, and multi-vehicle.
  • AAA offers discounts including multi-car, education and occupation, good student, multi-policy, pay-in-full, good driver, and AAA membership discount.

Before purchasing a policy, check with each company or agent which discounts you qualify for. Some discounts listed above may not apply in your area. If you would like to view insurance companies who offer free auto insurance quotes, follow this link.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t avoid all the ads for insurance savings from the likes of Progressive, Allstate and GEICO. They all seem to state the claim about savings if you switch your insurance policy to them.

It sounds good, but how can they all lower your premium rates? Just pay attention to how they say it.

Insurance companies are able to cherry pick for the right customer they prefer to insure. For example, a desirable insured could be married and over the age of 30, owns a home, and chooses high deductibles. Someone that fits those parameters will get very good car insurance rates and therefore will save a lot of money.

Drivers who do not meet these criteria will be quoted more expensive rates which translates to the customer buying from a different company. The trick is to say “customers that switch” not “everyone that quotes” save that kind of money. That’s why companies can make the claims of big savings. This illustrates why you need to compare free car insurance quotes often. It’s just too difficult to predict which company will have the best car insurance rates for your profile.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage for your vehicles, there really is not a perfect coverage plan. Every insured’s situation is different.

These are some specific questions might help in determining whether or not you may require specific advice.

  • Can my teen drive my company car?
  • What is the minimum liability in my state?
  • Where can I get insurance after a DUI in my state?
  • Do I need more liability coverage?
  • Do I have newly-aquired coverage?
  • Can I rent a car in Mexico?
  • What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Insurance policy specifics

Learning about specific coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

UM/UIM Coverage – This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz S-Class.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision – This coverage pays for 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 coverage pays for claims like vandalism, fire damage, hitting a deer, hitting a bird and theft. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability – Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things like bail bonds, medical expenses, structural damage and loss of income. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

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

Collision coverage protects against things like sideswiping another vehicle, sustaining damage from a pot hole, hitting a mailbox, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance – Med pay and PIP coverage provide coverage for expenses for things like doctor visits, hospital visits, EMT expenses, funeral costs and dental work. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Save for a rainy day

We covered a lot of ways to shop for 2012 Mercedes-Benz S-Class insurance online. The key concept to understand is the more providers you compare, the better likelihood of getting the cheapest car insurance. Consumers may even find the best car insurance rates are with a small mutual company.

While you’re price shopping online, never reduce coverage to reduce premium. In many instances, consumers will sacrifice uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal is to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

Cheaper 2012 Mercedes-Benz S-Class insurance is possible from both online companies and from local agencies, so you need to quote car insurance with both in order to have the best chance of saving money. Some companies may not offer the ability to get a quote online and most of the time these smaller companies prefer to sell through local independent agents.

Additional detailed information is available by following these links: