View 2004 Mercedes-Benz S-Class Car Insurance Cost

No one anticipates paying for insurance coverage, especially when the cost is too high.

Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate all claim big savings with ads and consumers find it hard to see past the corporate glitz and find the best price available.

You need to compare prices before your next renewal because insurance prices are constantly changing. Even if you think you had the lowest quotes for S-Class insurance on your last policy you will most likely find a better rate today. Ignore everything you know about insurance coverage because you’re about to find out the easiest way to eliminate unnecessary coverages and save money.

If you currently have car insurance, you should be able to lower your premiums substantially using these tips. Finding the best rates is quite easy. But consumers benefit from understanding how insurance companies sell online because it can help you find the best coverage.

Low cost auto insurance prices

When looking for affordable insurance quotes, there are a couple ways to compare prices from all the different companies. The fastest way to do a complete rate comparison is to perform an online rate comparison. This can be done in a couple of different ways.

  1. The simplest way to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This quick form prevents you from having to do a different quote for every company. Filling out one form gets insurance cost estimates from many national carriers.
  2. Another way to find more affordable insurance is to take the time to go to the website for each individual company and request a quote. For example, let’s assume you want rates from Geico, Farmers and GMAC. You would be required to go to every website and enter your policy data, which is why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

  3. The old school way to compare rates to each insurance agency near you. Comparing rate quotes online makes this process obsolete unless you have a need for the professional assistance that only a licensed agent can provide. It is possible with some companies get prices online and get advice from an agent in your area.

It doesn’t matter which method you choose, just be certain you are entering apples-to-apples coverages and limits for each quote you get. If you compare different limits and deductibles on each one you will not be able to determine which rate is truly the best. Just slight variations in coverage limits could skew the results. It’s important to know that obtaining a wide range of quotes increases the change that you will find the best price. Some companies don’t provide online price quotes, so it’s recommended that you also compare rates from them as well.

These discounts can reduce car insurance rates

Auto insurance companies don’t list their entire list of discounts in a way that’s easy to find, so we took the time to find a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance online. If you don’t get every credit you deserve, it’s possible you qualify for a lower rate.

  • Smart Student Discounts – Being a good student can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • One Accident Forgiven – This isn’t a discount exactly, but some insurance companies allow you one accident before your rates go up with the catch being you have to be claim-free for a certain period of time.
  • Paperwork-free – Some car insurance companies will provide an incentive for buying your policy on your computer.
  • Discount for Life Insurance – Not all car insurance companies offer life insurance, but some may give you a small discount if you purchase a life insurance policy as well.
  • Discounts for Federal Employees – Active or former government employment could cut as much as 10% off for S-Class insurance depending on your company.
  • Auto/Home Discount – If you have multiple policies and insure them with the same company you could save at least 10 to 15 percent or more.
  • Resident Student – Older children who are attending college and don’t have a car can receive lower rates.
  • Discount for New Cars – Buying insurance coverage on a new vehicle can save up to 30% compared to insuring an older model.
  • Onboard Data Collection – Policyholders that allow companies to monitor driving patterns by using a small device installed in their vehicle such as State Farm’s In-Drive could save a few bucks as long as they are good drivers.
  • Theft Deterent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.

One last thing about discounts, most credits do not apply the the whole policy. Some only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck.

A few popular companies and a partial list of their discounts can be found below.

  • Geico policyholders can earn discounts including air bags, anti-theft, military active duty, membership and employees, and daytime running lights.
  • Mercury Insurance has savings for good student, low natural disaster claims, good driver, multi-car, professional/association, type of vehicle, and anti-theft.
  • Farmers Insurance offers discounts including teen driver, multi-car, business and professional, electronic funds transfer, switch companies, and good student.
  • Auto-Owners Insurance includes discounts for group or association, paperless, student away at school, safe driver, anti-lock brakes, and air bags.
  • Liberty Mutual may offer discounts for new vehicle discount, newly married, multi-car, newly retired, and preferred payment discount.
  • SAFECO may include discounts for accident prevention training, homeowner, drive less, teen safety rewards, multi-car, bundle discounts, and teen safe driver.
  • Progressive offers discounts for multi-vehicle, homeowner, online quote discount, continuous coverage, and good student.
  • USAA has discounts for military installation, new vehicle, family discount, vehicle storage, safe driver, and annual mileage.

When quoting, ask all companies you are considering the best way to save money. Some of the discounts discussed earlier might not be offered in your area. To locate insurance companies who offer cheap car insurance quotes, click here to view.

When do I need an agent’s advice?

When it comes to buying the right insurance coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that can help discover if your insurance needs would benefit from an agent’s advice.

  • Does my 2004 Mercedes-Benz S-Class need full coverage?
  • Is my nanny covered when driving my vehicle?
  • Am I covered if I drive in a foreign country?
  • Do I need rental car coverage?
  • What if I total my 2004 Mercedes-Benz S-Class and owe more than it’s worth?
  • Can I get a multi-policy discount?
  • When does my teenage driver need to be added to my policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Should I carry comprehensive and collision coverage?
  • Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverage breakdown

Learning about specific coverages of your insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for short-term medical expenses like rehabilitation expenses, doctor visits and funeral costs. They are used in conjunction with a health insurance plan or if you do not have health coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Collision coverage

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, damaging your car on a curb, driving through your garage door and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.

Liability coverages

Liability coverage provides protection from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. 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 $25,000 of coverage for damaged propery.

Liability can pay for things such as medical expenses, attorney fees, pain and suffering and funeral expenses. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Comprehensive insurance

This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hail damage, damage from flooding, a broken windshield and theft. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your 2004 Mercedes-Benz S-Class.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Smart consumers save more

As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured dropped physical damage coverage and discovered at claim time that it was a big mistake. The ultimate goal is to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.

We just presented many ideas to save on 2004 Mercedes-Benz S-Class insurance. It’s most important to understand that the more you quote insurance, the better likelihood of getting low cost insurance. You may even find the lowest priced insurance comes from the least-expected company. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Progressive and Geico.

Budget-friendly insurance can be bought both online and from local insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies may not have price quotes online and many times these small, regional companies provide coverage only through independent agents.

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