Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Say no more because many consumers are feeling buyer’s remorse and feel like there’s no way out.
With vehicle owners having so many companies and agents to choose from, it is very difficult to choose a lower cost company.
This information will familiarize you with the most effective way to quote insurance and some tricks to saving. If you currently have a car insurance policy, you should be able to reduce your rates substantially using these methods. Nevertheless, car owners need to learn the way companies price insurance differently and take advantage of how the system works.
Companies offering auto insurance do not list every possible discount in an easy-to-find place, so below is a list some of the best known as well as the least known discounts that you may qualify for.
As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. So even though you would think you could get a free auto insurance policy, auto insurance companies aren’t that generous. Any amount of discount should help reduce your auto insurance premiums.
To locate providers with discount rates, follow this link.
When choosing the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Every situation is different so your insurance should reflect that For example, these questions might help in determining if you will benefit from professional help.
If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.
Learning about specific coverages of insurance aids in choosing appropriate coverage for your vehicles. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Mercedes-Benz S-Class.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liablity limits.
Comprehensive coverages
This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things like damage from a tornado or hurricane, fire damage, hitting a deer and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Coverage for medical payments
Med pay and PIP coverage reimburse you for short-term medical expenses such as dental work, pain medications and chiropractic care. They are used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
Liability
Liability coverage provides protection from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for claims such as loss of income, bail bonds, court costs, emergency aid and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Collision coverage protection
Collision coverage covers damage to your S-Class resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like scraping a guard rail, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.
We just showed you a lot of ways to reduce 2018 Mercedes-Benz S-Class insurance rates online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from some of the smallest insurance companies. They often have lower auto insurance rates on specific markets compared to the large companies like State Farm or Progressive.
Some insurance providers don’t offer the ability to get quotes online and these small, regional companies provide coverage only through independent agents. Lower-priced car insurance can be bought on the web as well as from independent agents, so you need to compare both in order to have the best chance of saving money.
Additional car insurance information is available below: