2016 Mercedes-Benz S-Class Insurance Cost – 7 Savings Tips

Are you kicking yourself for buying an expensive auto insurance policy? Trust us, many consumers feel financially strained by their auto insurance policy.

You have so many insurers to pick from, and although it’s nice to have a selection, it can be more difficult to find the best rates.

It’s a good habit to compare premium rates once or twice a year because auto insurance rates are constantly changing. Even if you think you had the lowest rate on S-Class coverage on your last policy you will most likely find a better price today. Ignore everything you know about auto insurance because you’re about to find out the best methods to lower your rates without sacrificing coverage.

Which auto insurance is cheapest?

Comparing auto insurance rates can be a daunting task if you don’t utilize the most efficient way to do it. You could spend the better part of a day talking to local insurance agents in your area, or you can utilize the web to achieve your goal.

Many insurance companies enroll in a system that enables customers to submit one quote, and at least one company returns a competitive quote based on that data. This prevents consumers from doing form submissions for every auto insurance company. To find out what other companies charge click here to open in new window.

One minor caviat to getting quotes like this is you are unable to specify which companies you will receive quotes from. If you prefer to choose specific insurance companies to compare prices, we have assembled a list of companies who write auto insurance in your area. View list of insurance companies.

The approach you take is up to you, just do your best to use nearly identical quote data on every quote you get. If you are comparing different deductibles you can’t possibly determine which company has the best rates. Slightly different insurance coverages can result in a big premium difference. Just keep in mind that quoting more will improve the odds of getting a lower rate. Not every company provides quotes online, so it’s important to compare prices from the smaller companies as well.

Discounts can really help lower rates

Insurance can cost an arm and a leg, but you might already qualify for some discounts that you may not even be aware of. Some discounts will apply at the time of quoting, but once in a while a discount must be asked about in order for you to get them.

  • Defensive Driver Discounts – Completing a safe driver course can save you 5% or more and make you a better driver.
  • Senior Discount – If you’re over the age of 55, you can get a slight reduction on a auto insurance quote on S-Class coverage.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and will qualify for a discount on a auto insurance quote.
  • Drive Safe and Save – Safe drivers can save as much as half off their rates on S-Class coverage than drivers with accident claims.
  • More Vehicles More Savings – Buying a policy with several vehicles on one policy can get a discount on all vehicles.
  • First Accident Forgiveness – but a handful of insurance companies allow you one accident without the usual rate increase so long as you haven’t had any claims prior to the accident.
  • Resident Student – Children who live away from home to go to college and leave their car at home can be insured at a reduced rate.

As a footnote on discounts, most discounts do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Even though it appears all those discounts means the company will pay you, that’s just not realistic. Any qualifying discounts will help reduce your policy premium.

A list of insurance companies and their offered discounts can be read below.

  • Mercury Insurance offers discounts for annual mileage, anti-theft, type of vehicle, multi-car, accident-free, and ease of repair.
  • Farmers Insurance discounts include electronic funds transfer, good student, mature driver, homeowner, youthful driver, distant student, and teen driver.
  • Farm Bureau policyholders can earn discounts including youthful driver, renewal discount, 55 and retired, safe driver, multi-vehicle, driver training, and multi-policy.
  • State Farm may include discounts for Drive Safe & Save, Steer Clear safe driver discount, student away at school, accident-free, anti-theft, and passive restraint.
  • Allstate offers premium reductions for multi-policy, defensive driver, new car, premier plus, and utility vehicle.
  • Geico offers discounts including anti-theft, emergency military deployment, daytime running lights, driver training, multi-vehicle, seat belt use, and military active duty.

If you need lower rates, check with each company or agent which discounts you qualify for. Depending on the company, some discounts may not be offered in your area.

Will just any policy work for me?

When buying adequate coverage for your vehicles, there is no perfect coverage plan. Every situation is different so your insurance needs to address that. These are some specific questions could help you determine whether your personal situation might need professional guidance.

  • What is UM/UIM insurance?
  • I have health insurance so do I need medical payments coverage?
  • Why do I only qualify for high-risk insurance?
  • Am I covered if I wreck a rental car?
  • Is a fancy paint job covered?
  • Do I benefit by insuring my home with the same company?
  • Why am I required to buy liability insurance?
  • Do I have coverage when making deliveries for my home business?
  • Exactly who is provided coverage by my policy?

If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Auto insurance policy specifics

Having a good grasp of a auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverages available from auto insurance companies.

Liability insurance

Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as pain and suffering, legal defense fees, court costs and emergency aid. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Collision protection

Collision insurance pays for damage to your S-Class caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, sustaining damage from a pot hole, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for expenses for things like ambulance fees, chiropractic care, surgery, funeral costs and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured or underinsured coverage

This protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2016 Mercedes-Benz S-Class.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive protection

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a broken windshield, damage from flooding and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

More effort can pay off

Budget-conscious 2016 Mercedes-Benz S-Class insurance is possible online and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not offer rate quotes online and many times these smaller companies provide coverage only through independent agents.

As you prepare to switch companies, do not skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to purchase plenty of coverage for the lowest cost, but don’t skip important coverages to save money.

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