Are you sick and tired of not being able to afford each month for car insurance? You are no different than many other drivers.
Popular companies such as Progressive, State Farm and GEICO increase brand awareness with fancy advertisements and it is challenging if not impossible to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.
If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is not rocket science. Although vehicle owners do need to understand how big insurance companies determine prices because it can help you find the best coverage.
Smart consumers have a good feel for some of the elements that help determine your insurance coverage rates. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to big savings.
To find the best car insurance prices, there are several ways to get quotes from car insurance companies in your area. The best method to compare 1994 Mercedes-Benz S-Class insurance prices is to perform an online rate comparison. This can be accomplished in several different ways.
The most efficient way to get quotes is to use a rate comparison form like this one (opens in new window). This form saves time by eliminating repetitive form submissions for every car insurance company. One quote request will get you price quotes instantly.
A more time consuming way to get quotes online requires visiting the website for every company you want to comare to complete their respective quote request forms. For example, let’s assume you want comparison quotes from GEICO, Progressive and GMAC. You would have to visit each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
The least recommended method to compare rates is to spend your day driving to insurance agents’ offices. Buying insurance online makes this process obsolete unless you have a need for the trained guidance of a licensed agent. It is possible to get prices online but still have the advice of a local agent and you’ll learn how to do that later.
It’s your choice how you get your quotes, but make sure you use identical deductibles and coverage limits for each price quote. If you have mixed coverages it will be very difficult to determine the best price for your Mercedes-Benz S-Class. Just a small difference in limits may result in a large different in cost. Keep in mind that obtaining a wide range of quotes gives you a better chance of getting a better price.
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be manually applied before you get the savings.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will reduce the cost of coverage.
Car insurance companies that possibly offer these money-saving discounts include:
Double check with each insurance company which discounts they offer. Savings might not apply in your state.
When choosing adequate coverage, there really is no perfect coverage plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether you would benefit from professional advice.
If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Understanding the coverages of insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like pain medications, dental work and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Liability insurance provides protection from damage that occurs to other people or property in an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.
It consists of three limits, 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 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for things like medical expenses, emergency aid, pain and suffering and funeral expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.
Coverage for uninsured or underinsured drivers
This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Mercedes-Benz S-Class.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Collision coverage protection
Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as rolling your car, 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 older. You can also raise the deductible to bring the cost down.
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from flooding and rock chips in glass. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.
Cheap 1994 Mercedes-Benz S-Class insurance can be purchased online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.
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