2004 Mercedes-Benz S-Class Car Insurance Rates

Want the cheapest auto insurance rates for your Mercedes-Benz S-Class? Saving money on auto insurance is always hard for people who are new to shopping for insurance online. There are so many options available that it can easily become more work than you anticipated to find lower rates.

You should make it a habit to compare rates periodically because rates change frequently. Even if you think you had the lowest rates for S-Class insurance a few years ago there may be better deals available now. Starting now, ignore everything you know about auto insurance because we’re going to show you the best methods to find lower rates on auto insurance.

Choosing the best insurance company for you is easy if you know what you’re doing. Basically, anyone who is shopping for insurance should be able to cut their insurance bill. Nevertheless, consumers must learn how insurance companies sell online because it can help you find the best coverage.

Insurance Coverage Quote Comparison

To find the best insurance coverage prices, there are several ways to get quotes from insurance coverage companies in your area. The easiest way by far to find the cheapest 2004 Mercedes-Benz S-Class insurance rates involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.

  • One of the simplest ways to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This method prevents you from having to do multiple quote forms to each individual insurance coverage company. Taking the time to complete one form gets rate comparisons from many national carriers. It’s the fastest way to compare.
  • A slightly less efficient method to analyze rates requires a visit to the website of each company to complete a price quote. For sake of this example, we’ll pretend you want to compare rates from Farmers, GEICO and Progressive. To find out each rate you need to go to every website to enter your coverage information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  • The most time-consuming method to compare rates is to waste gas driving to different agent offices. Shopping for insurance coverage online eliminates the need for an insurance agent unless you prefer the professional guidance that only a license agent can provide. Drivers can get prices online and still use a local agent. We’ll cover that shortly.

It’s up to you which method you use, but ensure you are comparing apples-to-apples coverages for each price quote. If you have mixed coverages it’s impossible to determine the best price for your Mercedes-Benz S-Class. Quoting even small variations in limits can mean a large discrepancy in price. And when comparison shopping, having more price comparisons will improve the odds of getting lower pricing.

Cut prices on Mercedes-Benz S-Class insurance

Companies do not list every discount in a way that’s easy to find, so we break down both well-publicized and the harder-to-find savings tricks you should be using.

  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • Low Mileage – Keeping the miles down on your Mercedes-Benz could be rewarded with better rates on cars that stay parked.
  • Government Employees – Simply working for the federal government can earn a discount up to 10% for S-Class insurance with certain companies.
  • Safe Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% less for S-Class insurance than their less cautious counterparts.
  • Sign Early and Save – A few companies offer discounts for buying a policy before your current expiration date. It can save you around 10%.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. This discount can apply up to age 25.
  • Save over 55 – If you’re over the age of 55, you may be able to get a discount up to 10% for S-Class insurance.
  • Use Seat Belts – Using a seat belt and requiring all passengers to wear their seat belts could save 15% off your medical payments premium.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way.

Companies who might offer these money-saving discounts may include but are not limited to:

Check with each insurance company which discounts you may be entitled to. Some discounts may not be available everywhere.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique.

These are some specific questions may help highlight if your situation could use an agent’s help.

  • Am I covered when using my vehicle for business?
  • Can I make deliveries for my home business?
  • Do I need rental car coverage?
  • When does my teenage driver need to be added to my policy?
  • Do I need added coverage for expensive stereo equipment?
  • Does my 2004 Mercedes-Benz S-Class need full coverage?
  • Does medical payments coverage apply to all occupants?
  • Is my state a no-fault state?
  • Should I rate my 2004 Mercedes-Benz S-Class as pleasure use or commute?
  • Should I buy only the required minimum liability coverage?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

Your Mercedes-Benz S-Class insurance rate is a complex equation

Consumers need to have an understanding of some of the elements that play a part in calculating the rates you pay for insurance coverage. Understanding what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Safer cars cost less to insure – Vehicles with high crash test scores can get you lower premiums. Safe vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Mercedes-Benz has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Theft deterrents lower rates – Purchasing a vehicle with an alarm system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • Younger drivers pay higher rates – More mature drivers are more responsible, file fewer claims and are safer drivers. Teenage drivers tend to get distracted easily when driving therefore insurance coverage rates are much higher.
  • One company can mean more discounts – Some companies will award you with lower prices to insureds who buy several policies from them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to compare rates to verify if the discount is saving money.
  • Sex matters – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents in similar numbers, but men tend to have more serious accidents. Men also get more serious tickets such as DWI and reckless driving.
  • Credit scores impact insurance coverage rates – Having a bad credit score is a huge factor in determining what you pay for insurance coverage. Consumers who have high credit ratings tend to be less risk to insure than those with lower ratings. So if your credit is low, you could be paying less to insure your 2004 Mercedes-Benz S-Class by improving your credit score.

Insurance coverage myths debunked

Insurance coverage companies such as Allstate, GEICO and Progressive regularly use television and radio advertisements. They all seem to make the same claim that you’ll save big if you move to their company. How can each company make the same claim?

All companies can use profiling for the driver that is profitable for them. An example of a preferred risk could possibly be between the ages of 40 and 55, has no prior claims, and has a high credit rating. A customer who fits that profile will qualify for the lowest rates and most likely will cut their rates substantially.

Potential insureds who are not a match for the “perfect” profile will have to pay a more expensive rate which usually ends up with the customer not buying. The ads state “customers that switch” not “people who quote” save that much money. That’s why companies can make those claims. Because of the profiling, you need to compare many company’s rates. It is impossible to predict which insurance coverage company will give you the biggest savings on Mercedes-Benz S-Class insurance.

The coverage is in the details

Knowing the specifics of auto insurance aids in choosing appropriate coverage for your vehicles. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, damage from a tornado or hurricane and vandalism. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for expenses such as surgery, hospital visits, chiropractic care, nursing services and doctor visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision insurance

This will pay to fix damage to your S-Class from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with a tree, hitting a mailbox, backing into a parked car and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Liability

This coverage provides protection from damage that occurs to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things like bail bonds, loss of income, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

More quotes mean more savings

Lower-priced 2004 Mercedes-Benz S-Class insurance can be sourced both online and with local insurance agents, and you should be comparing both to have the best selection. Some insurance coverage companies do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

As you shop your coverage around, never skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability coverage limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at a price you can afford.

We’ve covered some good ideas how to save on insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the lowest rates come from some of the smallest insurance companies.

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