Lower Your 2002 Mercedes-Benz S-Class Insurance Cost

Having to pay for expensive insurance coverage can sap your accounts and possibly require postponing other expenditures. Comparison shopping is a smart way to cut your insurance bill.

Consumers have multiple auto insurance companies to pick from, and though it is a good thing to have a choice, so many choices can make it hard to compare company pricing.

Cheap car insurance quotes online

The majority of larger companies such as State Farm, Geico and Progressive give coverage price quotes online. Getting quotes is pretty painless because you just enter your coverage information on the page. Once entered, their quoting system will order reports for credit and driving violations and gives you a price quote based on these and other factors. This streamlines rate comparisons, but having to visit a lot of sites and fill out multiple forms is repetitive and time-consuming. But it’s necessary to have as many quotes as possible if you are searching for the best price possible.

A less time-consuming method to find lower prices utilizes a single form to obtain quotes from a lot of companies. It saves time, eliminates repetitive work, and makes quoting online much more enjoyable and efficient. As soon as the form is sent, it is rated with multiple companies and you can pick any of the quotes returned.

If the quotes result in lower rates, you can simply submit the application and buy the policy. This process takes just a few minutes to complete and may result in a nice savings.

In order to use this form to compare rates, simply click here to open in new window and complete the simple form. If you have coverage now, it’s recommended you type in the coverages identical to your current policy. Using the same limits helps guarantee you will be getting an apples-to-apples comparison for similar coverage.

These discounts can lower your insurance coverage rates

Insurance coverage can be pricey, but you may qualify for discounts to help bring down the price. Some discounts apply automatically when you complete an application, but a few need to be requested specifically before you get the savings.

  • Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on insurance coverage quote when compared to policyholders that have many claims.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Sign Early and Save – Some companies give discounts for buying a new policy before your current coverage expires. The savings is around 10%.
  • Federal Government Employee – Active or former government employment could qualify for a slight premium decrease for S-Class coverage depending on your insurance coverage provider.
  • Cautious Drivers – Insureds without accidents can get discounts for up to 45% lower rates for S-Class coverage than drivers with accidents.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the PIP or medical payment premium.
  • Military Discounts – Being on active duty in the military may lower your rates slightly.
  • Driver Training Discounts – Successfully completing a defensive driver course could possibly earn you a 5% discount depending on where you live.

As a sidenote, most discount credits are not given the the whole policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, it’s just not the way it works.

To view companies that offer some of these discounts, click here to view.

Different people need different insurance coverage coverages

When buying the right insurance coverage, there is no one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions might point out whether your personal situation would benefit from an agent’s advice.

  • What are the best liability limits?
  • Should I sign the liability waiver when renting a car?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Should I buy only the required minimum liability coverage?
  • Is my 2002 Mercedes-Benz S-Class covered for smoke damage?
  • Is there coverage for injuries to my pets?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area. It is quick, free and may give you better protection.

You can change your insurance costs

Smart consumers have a good feel for some of the things that aid in calculating the rates you pay for insurance coverage. When consumers understand what influences your rates, this empowers consumers to make smart changes that may reward you with lower premium levels. Many factors are considered when you quote your car insurance policy. Some factors are common sense such as your driving record, but other criteria are less obvious such as your marital status or how financially stable you are.

The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set prices.

  • Reserve insurance claims for larger damages – Insurance companies give most affordable rates to policyholders that do not abuse their auto insurance. If you’re an insured who likes to file claims you can look forward to increased rates or even have your policy non-renewed. Insurance coverage is intended for more catestrophic claims.
  • Low physical damage deductibles can be expensive – Deductibles for physical damage define how much you are required to pay if a covered claim is submitted. Insurance for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of covered claims are collision with another vehicle, animal collisions, or theft of your vehicle. The more money the insured is willing to pay, the less your insurance coverage will be for S-Class coverage.
  • Drive less and get lower costs – The more you drive your Mercedes-Benz every year the higher your rates will be. Many insurance companies charge to insure your cars based upon how you use the vehicle. Vehicles that have low annual miles qualify for better rates than cars that get driven a lot. Make sure your insurance coverage declarations sheet states the right rating data, because improper ratings can cost you money. An incorrectly rated S-Class can cost quite a bit.
  • Poor credit can mean higher costs – Having a bad credit rating is a large factor in determining premium rates. So if your credit rating is not that good, you could save money insuring your 2002 Mercedes-Benz S-Class by improving your rating. Drivers who have very high credit ratings tend to be more responsible than drivers who have lower ratings.

Car insurance coverages for a 2002 Mercedes-Benz S-Class

Learning about specific coverages of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.

Coverage for liability

Liability insurance can cover damage that occurs to people or other property that is your fault. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as court costs, funeral expenses, bail bonds and loss of income. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive protection

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like falling objects, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses like chiropractic care, nursing services, dental work and funeral costs. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision 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 such as backing into a parked car, sustaining damage from a pot hole, crashing into a ditch, colliding with a tree and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Make an honest buck

We just covered a lot of tips how to lower your 2002 Mercedes-Benz S-Class insurance car insurance rates. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with some of the smallest insurance companies. These smaller insurers can often provide lower premium rates in certain areas than the large multi-state companies such as Geico and State Farm.

When getting insurance coverage quotes online, you should never reduce coverage to reduce premium. In many cases, an insured dropped comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.

Additional auto insurance information can be read on the following sites: