2016 Mercedes-Benz S-Class Car Insurance Cost

Searching for better car insurance rates for your Mercedes-Benz S-Class? Overpriced car insurance can eat up your bank account and possibly require postponing other expenditures. Comparison shopping is a fast and free way to slash your bill and have more diposable income.

Due to the abundance of options when it comes to car insurance, it’s nearly impossible to find the cheapest company.

Choosing the best insurance company for you is not that difficult. Essentially every vehicle owner who is shopping for auto insurance most likely will be able to find lower rates. But vehicle owners must understand how the larger insurance companies price online insurance.

What determines Mercedes-Benz S-Class insurance rates?

Lots of factors are used in the calculation when you get a price on insurance. Some are pretty understandable such as your driving history, but others are more obscure like your continuous coverage or your financial responsibility.The best way to find cheaper car insurance is to take a look at some of the factors that help determine the level of your policy premiums. If you understand what impacts premium levels, this enables informed choices that could result in lower car insurance prices.

Shown below are some of the factors used by insurance companies to determine your premiums.

  • Certain employers raise car insurance rates – Jobs such as lawyers, business owners and stock brokers usually pay higher average rates attributed to high stress and lots of time spent away from family. On the flip side, careers such as farmers, historians and homemakers pay the least on S-Class coverage.
  • Save by driving less – The higher the mileage driven in a year’s time the higher the price you pay to insure it. Almost all companies calculate rates determined by how the vehicle is used. Cars and trucks that sit idle most of the time can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your vehicle rating properly reflects the right rating data, because improper ratings can cost you money. Having the wrong rating on your S-Class is throwing money out the window.
  • Insurance rates and driver gender – Statistics have proven women tend to be less risk to insure than men. However, don’t assume that females are better drivers. Men and women tend to get into auto accidents in similar percentages, but males have accidents that have higher claims. Men also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers are several times more likely to be in an accident and therefore pay the highest rates.
  • Youthful drivers cost more – Older drivers have been proven to be more responsible, tend to cause fewer accidents , and are generally more financially stable.Teenage drivers are known to be inattentive and easily distracted behind the wheel so car insurance rates are higher.
  • Avoid car insurance policy lapses – Driving with no insurance is illegal and you may have a hard time finding new coverage because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance could earn you a fine, jail time, or a revoked license.
  • Urban residents pay more – Having an address in smaller towns and rural areas of the country is a positive aspect when trying to find low car insurance rates. Residents of big cities have to deal with traffic congestion and a longer drive to work. Fewer drivers translates into fewer accident claims in addition to lower liability claims
  • Use but don’t abuse your insurance – Auto insurance companies give lower rates to drivers who are claim-free. If you are the type of insured that files lots of claims you can definitely plan on much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
  • Tickets are costly – How you drive has a big impact on rates. Good drivers receive lower rates as compared to those with violations. Even one chargable violation can increase the cost of insurance substantially. People who have dangerous violations such as DUI, reckless driving or excessive speeding may find that they have to to file a SR-22 with their state motor vehicle department in order to legally drive.

How to shop car insurance online

The majority of larger companies like Progressive, GEICO, Allstate and State Farm allow you to get prices for coverage on the web. Getting online rates is fairly straightforward because it’s just a matter of typing in your required coverages on the page. Behind the scenes, their quoting system will obtain credit information and your driving record and gives you a price quote determined by many factors. Being able to quote online streamlines rate comparisons, but the process of having to visit multiple sites and type in the same data can get tiresome after awhile. But it’s very important to have as many quotes as possible in order to get lower prices.

Compare rates the easy way

An easier way to lower your rates uses one form to get prices from multiple companies. It saves time, requires less work, and makes rate comparisons a little more enjoyable. After sending your information, it is rated and you can choose any of the quote results. If you find a better price you simply finish the application and buy the policy. The whole process can be completed in less than 10 minutes and you will find out if you’re overpaying now.

If you want to compare pricing, click here to open in a new tab and submit your coverage information. To compare your current rates, we recommend you input the limits and deductibles as close as possible to your current policy. This ensures you will have an apples-to-apples comparison for the exact same coverage.

Do you qualify for discount auto insurance?

Insuring your vehicles can cost a lot, but there could be significant discounts that you may not know about. Many discounts should be triggered when you get a quote, but once in a while a discount must be manually applied prior to receiving the credit.

  • Driving Data Discount – Drivers who agree to allow driving data collection to scrutinize driving habits by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as the data is positive.
  • Discounts for Government Workers – Federal government employees could cut as much as 10% off on S-Class coverage depending on your auto insurance provider.
  • Low Mileage – Fewer annual miles on your Mercedes-Benz may enable drivers to earn better rates on cars that stay parked.
  • Senior Discount – Mature drivers can possibly qualify for a discount up to 10% on S-Class coverage.
  • Online Discount – Some of the larger companies will give a small break for buying your policy on the internet.
  • Good Students Pay Less – Excelling in school may save you up to 25%. This discount can apply well after school through age 25.
  • Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies will forgive one accident before they charge you more for coverage if you have no claims for a specific time period.
  • Professional Organizations – Belonging to qualifying clubs or civic groups is a simple method to lower premiums when getting a insurance quote.

A little disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Most cut specific coverage prices like comp or med pay. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.

A few companies who might offer some of the above discounts include:

When comparing rates, check with every insurance company to give you their best rates. Depending on the company, some discounts might not be available to policyholders in your area. To find insurers with the best discounts, click here.

What insurance coverages do I need?

When buying coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

  • Can my babysitter drive my car?
  • What is the rate difference between pleasure use and commuting?
  • Will my insurance pay for OEM parts?
  • What is high-risk coverage and where do I buy it?
  • Do I need an umbrella policy?
  • Exactly who is provided coverage by my policy?
  • Do I have newly-aquired coverage?
  • Can I rent a car in Mexico?
  • How much liability insurance is required?
  • Should I file a claim if it’s only slightly more than my deductible?

If you can’t answer these questions then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Car insurance coverages explained

Understanding the coverages of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average car insurance policy.

Collision insurance

This covers damage to your S-Class from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as crashing into a building, crashing into a ditch, damaging your car on a curb and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like falling objects, theft and damage from getting keyed. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family 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. This is the reason having UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like funeral costs, pain medications and dental work. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability coverage will cover injuries or damage you cause to people or other property in an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different 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 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as repair bills for other people’s vehicles, medical services, court costs, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Compare but don’t skimp

Lower-priced 2016 Mercedes-Benz S-Class insurance can be sourced online and with local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not have the ability to get a quote online and these regional carriers only sell through independent insurance agencies.

As you go through the steps to switch your coverage, you should never skimp on coverage in order to save money. Too many times, someone sacrificed uninsured motorist or liability limits and learned later that they should have had better coverage. Your objective should be to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.

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