Five Minutes to Cheaper Maybach 57S Insurance
If buying car insurance was fun, we'd do it as a recreational sport. But the reality is, you probably don't enjoy it and you think it costs too much. Finding affordable coverage for your Maybach 57S probably is no different.
Step One: Insurance Quotes
If you haven't shopped for car insurance for awhile you might remember the days when the only option was to visit a local insurance agent. Thanks to the internet, insurance shopping is a whole lot easier!
The best car insurance companies offer online quoting for a Maybach 57S and it's very easy to compare different rates by only using one form.
Simply click the link below to start a quote that will compare rates from many companies and you may find a lower rate than you're currently paying.
Use the Same Coverages! It's really important that when doing multiple quotes for your 57S that you use identical coverages for liability, comprehensive and collision. If you use different values, it's impossible to determine which company has the lower rates.
Step Two: Insider Tips for Finding Cheaper 57S Insurance
Once you have quotes in hand, you can then consider some of the other techniques for lowering your 57S insurance rates.
- Some people just like the looks of a higher performance vehicle like the Maybach 57S, but even if you don't use the extra power it's going to cost you more when your insurance bill arrives.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- The 57S would be considered a luxury vehicle, and repair costs are generally higher for more expensive vehicles. This increased cost is passed on to you through a higher insurance cost.
- One of the easiest ways to cut your rates is to increase your comprehensive and collision deductibles. By having a higher deductible like $500 or even $1,000, you can save 30% or more on physical damage coverage.
- If you have tended to file small claims with your car insurance company in the past, you're most likely going to pay higher premiums in the future. Consider paying minor claims out-of-pocket instead of blemishing your claim history.
- Members of many professional organizations can receive discounts on car insurance, and if you're a senior citizen, that could earn you an additional discount.
- A single speeding ticket can cost you several hundreds of dollars over the next three years thanks to increased car insurance rates. Slow down and drive safely.
- Driver's safety courses will often get you a discount off your rates. Check to see if your company offers the discount and find a qualifying class in your area.
- If you have a period where you don't have any insurance coverage, that's called a lapse. The longer the lapse, the more you'll pay to reinstate coverage.
- Most Maybach vehicles come with standard safety features such as air bags and passive restraints, and those will help keep your insurance costs down.
- Particular years and models of cars tend to be frequently stolen, and if your 57S is on that list, chances are your insurance company knows it and will ding you a little extra because of it.
- If you're a young driver, you will pay more to insure a 57S. There isn't anything you can do about your age, but rates will drop as you mature.
- Renters will find they may be paying more for insurance as compared to homeowners. Owning a home can often get you a small discount on your car insurance.
Step Three: Buy the Policy That's Right for You
Now that you hopefully have several rates to compare and have made any changes needed to your individual coverages, you can choose the best company to insure your 57S with.
If you're cancelling an old policy, make sure the new coverage starts the same day your old policy ends. This avoids any penalty for having a lapse in coverage which can cost you more.
If you already have a car insurance policy, then your Maybach 57S will be covered as soon as your purchase it. If this is your first vehicle, you will want to make sure you have coverage in place as soon as your purchase it. Coverage that extends from an existing policy is only as good as your current coverage. So if you don't carry full coverage on any vehicles, you won't have it on your new 57S.
Once your new policy has been purchased, you are required to keep the proof-of-insurance card in your vehicle at all times. This is required by state law and you can receive a citation if you cannot provide it. If you have received a DUI, reckless driving citation or caused an accident without insurance, you may be required to file an SR-22 with your state DMV. Make sure your new company is aware of the SR-22 filing requirement.
More Resources
The Insurance Information Institute website has a great library of car insurance topics that cover claims, replacement parts, rental cars and more.
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