Nobody I know likes having to buy car insurance, particularly when the price is too high.
Companies like State Farm, Progressive and GEICO constantly blast consumers with ads and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.
You need to compare prices every six months since insurance rates are rarely the same from one policy term to another. If you had the lowest price for S430 insurance six months ago you will most likely find a better rate today. Forget anything you know (or think you know) about car insurance because you’re about to learn one of the best ways to find better coverage at a better price.
If you are paying for car insurance now, you will be able to save some money using this strategy. Finding affordable coverage is not that difficult. Although drivers benefit from understanding the way companies price online insurance.
Finding Car Insurance
There are a variety of methods to shop for car insurance, but some are less time-consuming than others. You could spend your day talking about coverages with agents in your area, or you can stay home and use the internet to accomplish the same thing much quicker.
Many insurance companies participate in a marketplace where insurance shoppers only type in their quote data once, and at least one company then gives them pricing determined by their information. This system prevents you from having to do form submissions for each company you want a rate for.
To find out how much you’re overpaying now click here to start a free quote.
The only downside to doing it this way is you don’t know exactly which providers you will receive quotes from. So if you want to select specific insurance companies for rate comparison, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.
Which method you use is up to you, but be sure to compare exactly the same coverage limits on every quote you get. If you are comparing higher or lower deductibles it’s not possible to make an equal comparison. Just a small difference in insurance coverages could mean much higher rates. Just remember that more quotes provides better odds of finding the best offered rates.
Cut your premium with discounts
Companies that sell car insurance do not list every discount in an easy-to-find place, so the following is a list of some of the more common and the harder-to-find ways to save on car insurance.
- Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz could qualify for discounted rates on garaged vehicles.
- Passive Restraints and Air Bags – Factory air bags may earn rate discounts up to 30%.
- Military Rewards – Having a family member in the military may qualify for rate reductions.
- Paperless Signup – Some insurance companies will give a small break for buying a policy and signing up online.
- Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. The discount lasts up until you turn 25.
Keep in mind that some credits don’t apply the the whole policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, car insurance companies aren’t that generous.
To choose companies with discount car insurance rates, click this link.
What is the best insurance coverage?
When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions could help you determine whether your personal situation would benefit from an agent’s advice.
- Does medical payments coverage apply to all occupants?
- Can I drive in Mexico and have coverage?
- Does liability extend to a camper or trailer?
- Why am I required to buy high-risk coverage?
- At what point should I drop full coverage?
- Is rental equipment covered for theft or damage?
- Do I qualify for additional discounts?
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.
Mercedes-Benz S430 rates influenced by many factors
It’s important that you understand some of the elements that come into play when calculating car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that could result in much lower annual insurance costs.
The list below includes some of the factors used by your company to calculate premiums.
- Your location affects your rates – Being located in less populated areas can be a good thing when talking about car insurance. Lower population means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities have much more traffic to deal with and a longer drive to work. More time commuting translates into higher accident risk.
- Your occupation can affect rates – Occupations like doctors, business owners and dentists tend to have the highest average rates because of high stress and lengthy work days. Other occupations like scientists, historians and retirees receive lower rates for S430 insurance.
- Do you need the policy add-ons? – There are a lot of extra coverages you can purchase on your car insurance policy. Coverages like rental car reimbursement, better glass coverage and membership fees may be wasting your money. They may seem like a good idea when you first buy your policy, but your needs may have changed so get rid of them and save.
- Don’t let your coverage lapse – Driving your car without having proper coverage can get your license suspended and as a result your rates will increase for letting your coverage have a gap. Not only will rates go up, but being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license.
- Lower rates come with age – Older insureds tend to be more responsible, tend to cause fewer accidents and are safer drivers. Teen drivers are known to be careless and easily distracted when behind the wheel and because of this, their car insurance rates are much higher.
- Car features impact rates – Driving a car with an alarm system can help bring down rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your vehicle from being stolen.
Do you really save 40% when you switch?
Allstate, GEICO and Progressive continually stream ads in print and on television. All the companies make an identical promise of big savings after switching your policy. How can each company claim to save you money?
All companies have a certain “appetite” for the driver that earns them a profit. For example, a profitable customer might be profiled as between the ages of 30 and 50, has no tickets, and chooses high deductibles. Any driver who meets those qualifications will get the preferred rates and as a result will probably pay quite a bit less when switching companies.
Potential insureds who do not match the “perfect” profile must pay more money which usually ends up with business not being written. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. That’s why insurance companies can confidently advertise the way they do. This illustrates why drivers must compare as many rates as you can. It’s just too difficult to predict which car insurance company will provide you with the cheapest rates.
And the best car insurance company is…
When shopping online for car insurance, it’s very important that you do not buy poor coverage just to save money. In many cases, someone sacrificed uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.
We covered many tips how you can save on Mercedes-Benz S430 insurance. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. Drivers may discover the lowest priced car insurance comes from some of the lesser-known companies. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and GEICO.
