Lower Your 2002 Mercedes-Benz S-Class Insurance Quotes

Trying to find cheaper insurance coverage rates for your Mercedes-Benz S-Class? Nobody enjoys paying for insurance coverage, in particular when the price is too high.

You have multiple car insurance companies to pick from, and although it’s nice to be able to choose, lots of choices makes it harder to compare rates and find the lowest cost insurance coverage.

Finding the lowest cost car insurance coverage is not that difficult. In a nutshell, every driver who carries car insurance will most likely be able to lower their premiums. Although vehicle owners must know how big insurance companies price insurance differently because it can help you find the best coverage.

Save with discounts on 2002 Mercedes-Benz S-Class insurance

Insurance can be prohibitively expensive, but you can get discounts that you may not even be aware of. Some trigger automatically at the time of quoting, but some may not be applied and must be specifically requested prior to receiving the credit.

  • Organization Discounts – Participating in a qualifying organization could trigger savings on your policy on S-Class coverage.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Save over 55 – Older drivers may qualify for better insurance coverage rates on S-Class coverage.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Passive Restraints – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on S-Class coverage than less cautious drivers.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a certain period of time.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. Most only apply to specific coverage prices like comp or med pay. Just because it seems like adding up those discounts means a free policy, it just doesn’t work that way. But any discount will reduce your premiums.

Companies that possibly offer these money-saving discounts may include but are not limited to:

Check with each company what discounts are available to you. All car insurance discounts might not be offered in your state.

Comprehensive Insurance Comparison Quotes

All the larger insurance companies provide coverage prices online. Obtaining pricing doesn’t take much effort as you simply enter the coverage amounts you desire into a form. Once entered, the system will obtain reports for credit and driving violations and returns pricing information. Online quotes makes it a lot easier to compare rates but the time required to go to multiple sites and enter the same data into a form can be a bit repetitive. But it’s absolutely necessary to do this in order to find better insurance pricing.

Compare rates the easy way

A more efficient way to find better insurance pricing uses one form that analyzes rates from several companies at one time. The form is fast, eliminates repetitive work, and makes online quotes much more efficient. Immediately after you send the form, it is quoted and you can select any or none of the quotes that you receive.

If a lower price is quoted, it’s easy to complete the application and buy the policy. The whole process just takes a couple of minutes and could lower your rates considerably.

In order to compare pricing, simply click here to open in new window and complete the simple form. If you have coverage now, it’s recommended you duplicate the limits and deductibles just like they are on your policy. This helps ensure you will receive an apples-to-apples comparison based on identical coverages.

Why your Mercedes-Benz S-Class insurance rates may be high

It’s important that you understand some of the elements that come into play when calculating your auto insurance rates. When you know what positively or negatively influences your rates allows you to make educated decisions that will entitle you to better auto insurance rates.

  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores can get you lower premiums. Safer cars have better occupant injury protection and better occupant protection means lower claim amounts passed on to you as lower rates. If your Mercedes-Benz S-Class scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Discounts for married couples – Having a spouse can get you a discount on your policy. Having a spouse translates into being more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Do you know your deductibles? – Your deductibles represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered are colliding with a building, damage from fire, and rolling your vehicle. The more expense the insured has to pay upfront, the less your auto insurance will be on S-Class coverage.
  • Where do you drive? – Driving more miles in a year the higher your rates will be. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Vehicles left parked in the garage get more affordable rates than those used for commuting. An improperly rated S-Class may be costing you. Make sure your auto insurance coverage is showing the proper vehicle usage.

Tailor your coverage to you

When it comes to buying adequate coverage, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can aid in determining if your situation may require specific advice.

  • Should I buy only the required minimum liability coverage?
  • Is business equipment covered while in my vehicle?
  • Why do I need rental car insurance?
  • Is upholstery damage covered by car insurance?
  • How much underlying liability do I need for an umbrella policy?
  • How high should deductibles be on a 2002 Mercedes-Benz S-Class?
  • What can I do if my company denied a claim?
  • What is UM/UIM insurance?
  • Can I rate high risk drivers on liability-only vehicles?
  • When does my teenage driver need to be added to my policy?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Do drivers who switch really save?

Companies like State Farm, Geico and Progressive regularly use ads on television and other media. All the ads make an identical promise that you can save if you move your policy. How does each company claim to save you money? It’s all in the numbers.

All companies have a certain “appetite” for the type of driver that makes them money. For example, a preferred risk might be over the age of 40, insures multiple vehicles, and has a short commute. Any new insured who meets those qualifications gets the lowest rates and therefore will pay quite a bit less when switching companies.

Drivers who don’t meet this ideal profile will be quoted a higher premium which usually ends up with business going elsewhere. The ad wording is “customers that switch” not “people who quote” save money. That’s the way insurance companies can advertise the savings.

This emphasizes why it is so important to get as many comparisons as possible. You cannot predict which company will give you the biggest savings on Mercedes-Benz S-Class insurance.

Car insurance 101

Knowing the specifics of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average auto insurance policy.

Collision insurance

This coverage covers damage to your S-Class resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as backing into a parked car, driving through your garage door, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, a tree branch falling on your vehicle, theft, fire damage and hail damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to other people or property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as repair costs for stationary objects, medical expenses, emergency aid and medical services. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage 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 as well as damage to your 2002 Mercedes-Benz S-Class.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like EMT expenses, pain medications, doctor visits and dental work. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

More choices the merrier

We just showed you many ways to get a better price on 2002 Mercedes-Benz S-Class insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. You may be surprised to find that the biggest savings come from some of the lesser-known companies. They may have significantly lower rates on certain market segments compared to the large companies like Allstate, Geico and Progressive.

When you buy insurance online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut collision coverage to discover at claim time they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at a price you can afford.

Cost effective insurance is possible from both online companies as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

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