2005 Mercedes-Benz S-Class Insurance Cost – 6 Ways to Save

Have you fallen victim to an expensive insurance coverage policy? Trust us, there are many consumers feeling the pinch from expensive insurance coverage. There are many car insurance companies to choose from, and although it’s nice to have multiple companies, lots of choices makes it harder to find the best rates for your vehicles.

It’s smart to get comparison quotes before your policy renews due to the fact that insurance prices are adjusted regularly by insurance companies. Even if you think you had the lowest quotes for S-Class coverage a couple years back you may be paying too much now. You’ll find quite a bit of inaccurate information about insurance coverage out there, but in this article, you’re going to get some great ways to lower your insurance coverage bill.

The purpose of this post is to teach you how car insurance quotes work and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to cut costs considerably using these methods. Drivers only need to know the most effective way to shop online.

Compare quotes for insurance

Many insurance companies allow consumers to get coverage prices directly from their websites. Getting quotes is quite simple because you just enter your coverage preferences into the form. After the form is submitted, their system collects reports for credit and driving violations and generates a price based on these and other factors. This makes it easy to compare insurance prices but having to visit a lot of sites and complete many quote forms is a big time waster. Unfortunately, it is important to do this in order to find a lower rate.

The preferred way to locate the lowest prices is to use a quote form to obtain quotes from several different companies. It saves time, requires much less work on your part, and makes online quotes much more enjoyable and efficient. Once the form is submitted, it gets priced and you can select your choice of the returned quotes.

If you find a better price you can click and sign and buy the policy. The entire process only takes a few minutes and could lower your rates considerably.

If you want to find out how much you’re overpaying now, click here and fill out the form. If you have a policy now, it’s recommended that you enter the insurance coverages exactly as they are listed on your policy. This helps ensure you will have an apples-to-apples comparison for similar insurance coverage.

Tailor your insurance coverage coverage to you

When it comes to choosing the best insurance coverage coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that may help highlight whether your personal situation might need professional guidance.

  • Why do I only qualify for high-risk insurance?
  • How does medical payments coverage work?
  • Is my trailer covered?
  • Does my insurance cover a custom paint job?
  • Should I have combined single limit or split liability limits?
  • Is a blown tire covered by insurance?
  • Am I covered if hit by an uninsured driver?
  • How do I insure my teen driver?
  • What is roadside assistance coverage?
  • Does liability extend to a camper or trailer?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Coverage specifics

Learning about specific coverages of insurance aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.

Collision coverage – This pays for damage to your S-Class caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like sideswiping another vehicle, rolling your car, colliding with another moving vehicle, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Auto liability – This coverage provides protection from damage that occurs to other’s property or people in an accident. It protects YOU against other people’s claims, and does not provide coverage for 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 might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things such as attorney fees, emergency aid, pain and suffering, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like doctor visits, X-ray expenses and hospital visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as damage from getting keyed, vandalism, fire damage, hail damage and damage from flooding. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your Mercedes-Benz S-Class.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.