Sick and tired of being strong-armed to buy car insurance? You’re in the same situation as many other drivers. Numerous insurance companies battle to insure your vehicles, and because of this it can be hard to compare insurers to discover the definitive cheapest price
If you have a policy now or are looking for a new policy, you can use these techniques to find the best rates and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Drivers just need to know how to shop online.
How to Lower Your Car Insurance Cost
Getting a cheaper price on Mercedes-Benz S350 insurance is a fairly straight forward process. All you need to do is take a couple of minutes to compare rate quotes from different insurance companies. This can be done in several different ways.
- One of the best ways to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This form saves time by eliminating a different quote to each individual car insurance company. A single, simple form gets you coverage quotes from many national carriers.
- A less efficient way to get comparison quotes is spending the time to visit the website for each individual company and request a quote. For example, let’s say you want comparison quotes from GEICO, State Farm and Progressive. To get rate quotes you would need to go to every website to enter your coverage information, which is why the first method is quicker.
To view a list of companies in your area, click here.
It’s up to you how you get prices quotes, just ensure you are comparing the exact same coverages with each company. If your comparisons have unequal deductibles or liability limits then you won’t be able to find the best deal for your Mercedes-Benz S350.
Pay less by taking advantage of these ten discounts
Companies don’t list all available discounts in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find car insurance savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.
- Low Mileage – Driving fewer miles could qualify for better rates on cars that stay parked.
- Claim Free – Drivers who don’t have accidents can earn big discounts when compared with frequent claim filers.
- Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums on S350 coverage.
- Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
- Life Insurance Discount – Larger companies have better rates if you take out a life insurance policy as well.
- Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.
- New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% compared to insuring an older model.
- Safety Course Discount – Taking a driver safety course could possibly earn you a 5% discount if you qualify.
- Braking Control Discount – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- Military Discounts – Being on active duty in the military could mean lower rates.
Drivers should understand that most discount credits are not given to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.
To choose providers with discount car insurance rates, follow this link.
Your coverage should be tailored to you
When it comes to buying coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that may help highlight if your insurance needs may require specific advice.
- When do I need to add a new car to my policy?
- Am I covered when driving someone else’s vehicle?
- When should I not file a claim?
- When should my teen driver be added to my policy?
- What if I total my Mercedes-Benz S350 and owe more than it’s worth?
- When should I remove comp and collision on my Mercedes-Benz S350?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.
Specific coverage details
Understanding the coverages of your policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages available from car insurance companies.
Comprehensive coverage (or Other than Collision)
This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, a tree branch falling on your vehicle and a broken windshield. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This gives you protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz S350.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Insurance for medical payments
Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for doctor visits, surgery, rehabilitation expenses and X-ray expenses. They are utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability
This protects you from damage that occurs to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.
Liability can pay for things like medical expenses, pain and suffering and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Collision coverage
Collision insurance will pay to fix damage to your S350 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like sustaining damage from a pot hole, colliding with another moving vehicle, hitting a parking meter, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.
Online plus local equals savings
We’ve covered quite a bit of information on how to reduce Mercedes-Benz S350 insurance prices online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Consumers may even find the lowest priced car insurance comes from some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates compared to the large companies like Allstate and Progressive.
Low-cost Mercedes-Benz S350 insurance can be found online and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.
