2010 Mercedes-Benz S-Class Insurance Cost

Are you a victim of overpriced auto insurance? You’re in good company because you are not the only one feeling buyer’s remorse. Lots of auto insurance companies contend for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to find the best rates possible.

It’s important to check auto insurance prices on a regular basis because rates are usually higher with each renewal. If you had the lowest rate for S-Class insurance a couple years back there is a good chance you can find better prices now. Forget all the misinformation about auto insurance because we’re going to demonstrate how to use the internet to reduce your cost while improving coverage.

Do you qualify for discount auto insurance?

Insuring your vehicles can cost a lot, but you can get discounts to reduce the price significantly. A few discounts will be applied when you purchase, but a few must be inquired about prior to receiving the credit.

• Homeowners Discount – Owning a home can earn you a little savings because owning a home is proof of financial responsibility.
• Multi-car Discount – Insuring primary and secondary vehicles on one policy could earn a price break for each car.
• Distant Student Discount – Youth drivers who are enrolled in higher education away from home and do not have access to a covered vehicle can be insured at a reduced rate.
• Discounts for Federal Employees – Having worked for a branch of the government could cut as much as 10% off for S-Class insurance with select insurance companies.
• Memberships – Joining specific professional or occupational memberships or organizations can get you a small discount on your policy.
• Pay Now and Pay Less – By making one initial payment as opposed to paying monthly you could save up to 5%.
• Auto/Home Discount – If you have multiple policies and insure them both with the same insurance company you will save nearly 15% which can help you find low cost insurance.
• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can reduce accidents so you can save 10 percent or more.
• Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to wear their seat belts can save a little on medical payment and PIP coverage.
• New Car Discount – Buying a new car model can save you some money compared to insuring an older model.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.

A few companies that have these discounts possibly include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

Before you buy a policy, ask every insurance company what discounts are available to you. Discounts might not be offered on policies in your area. To choose providers that offer many of these discounts, follow this link.

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What insurance coverages do I need?

When it comes to choosing the best insurance coverage, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions may help highlight if you could use an agent’s help.

• Should I drop comprehensive coverage on older vehicles?
• Does coverage extend to Mexico or Canada?
• Do I have coverage when pulling a U-Haul trailer?
• Does coverage extend to my business vehicle?
• When would I need additional glass coverage?
• Is my 2010 Mercedes-Benz S-Class covered for flood damage?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Insurance coverage advertising gotchas

Consumers get pounded daily by advertisements that promise big savings by Allstate and Progressive. They all make an identical promise that you can save just by switching your coverage.

How is it possible that every company can offer drivers better rates?

Insurance companies have specific guidelines for the driver that will add to their bottom line. For example, a driver they prefer could be between 25 and 40, is a homeowner, and has a high credit rating. A driver that hits that “sweet spot” will get low rates as well as save quite a bit of money when switching.

Insureds who don’t qualify for those criteria will be charged a more expensive rate which usually ends up with business going elsewhere. If you listen to the ad wording, they say “drivers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s the way insurance companies can claim big savings. This really emphasizes why you should compare many company’s prices. Because without a comparison, you cannot know with any certainty which company will provide you with the cheapest premium rates.

Detailed coverages of your car insurance policy

Knowing the specifics of your car insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average car insurance policy.

Comprehensive insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hitting a deer, damage from getting keyed, theft, fire damage and rock chips in glass. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance

This coverage protects you from damages or injuries you inflict on people or other property. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers things such as repair costs for stationary objects, medical services, bail bonds, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2010 Mercedes-Benz S-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Auto collision coverage

This pays for damage to your S-Class from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, sustaining damage from a pot hole, sideswiping another vehicle, backing into a parked car and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for things like surgery, pain medications, ambulance fees, funeral costs and prosthetic devices. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and also covers 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

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Quote often and quote early

As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed comprehensive coverage or liability limits and discovered at claim time they didn’t purchase enough coverage. Your aim should be to purchase plenty of coverage at a price you can afford but still have enough coverage for asset protection.

You just read some good ideas how to save on 2010 Mercedes-Benz S-Class insurance. The key concept to understand is the more you quote insurance, the better your chances of lowering your prices. You may even find the lowest premium rates come from a lesser-known regional company. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

To learn more, feel free to visit the following helpful articles:

• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Event Data Recorders FAQ (iihs.org)
• Booster Seat Ratings (iihs.org)
• Vehicle Insurance in the U.S. (Wikipedia)
• Safety Belts FAQ (iihs.org)

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