Lower your Mercedes-Benz S350 Insurance Rates in Three Easy Steps
If buying car insurance was fun, we'd do it as a recreational sport. But unfortunately, it's difficult for a lot of people and we always seem to pay more than we should. Buying insurance on your Mercedes-Benz S350 might leave you feeling the same way.
Step One: Insurance Quotes
In years past, the only way to purchase car insurance was to visit the office of a local agent. Thanks to the internet, insurance shopping is a whole lot easier!
Getting online rate quotes for a Mercedes-Benz S350 from all the major insurance companies is very easy and only requires you to enter your information once.
To begin, click on the link below and complete the short form. It only takes a few minutes and it's helpful to have your current policy handy if you have one.
Important! If you already have liability and physical damage coverage on your S350, it's important to keep the same limits and deductibles throughout the quote process. This allows you to fairly compare rates for many companies. If you use different limits and coverages for each quote, you won't be able to judge if the final rate is better or worse than other quotes.
Step Two: How to Save on S350 Insurance
Once you have quotes in hand, you can then consider some of the other techniques for lowering your S350 insurance rates.
- You can definitely expect to pay a little more for insurance due to the performance level of your Mercedes-Benz S350. Vehicles with less power and speed tend to cost less to insure.
- If you carry full coverage on your vehicle, you can slash your rates by increasing your comprehensive and collision deductibles. You'll pay more out-of-pocket but you will save with every renewal.
- Repair costs generally trend higher as the price of a vehicle goes up. So by owning a S350, you can expect higher repair bills and also higher insurance rates because of this.
- Check your credit rating each year and address any problem areas. Higher credit scores mean lower car insurance rates.
- If you're a young driver, you will pay more to insure a S350. There isn't anything you can do about your age, but rates will drop as you mature.
- Many insurance companies will give you a small discount if you've recently completed a driver's training course.
- If you think the only financial impact of a speeding ticket is a fine and court costs, think again. Insurance companies will raise your rates for up to three years for a single ticket.
- Having any gaps in coverage (known as a lapse) is bad in the eyes of any insurance company. Make sure you keep coverage in force at all times by synchronizing the expiration and effective dates of your policies.
- Safety features such as antilock brakes, traction control and air bag systems all help reduce the cost of car insurance by keeping the passengers safer.
- Bundling your auto and home insurance with the same company can often get you a discount, and just being a homeowner in itself will get you a lower rate.
- To keep your rates low, don't file excessive claims on your policy. Insurance is meant to cover large losses, not small damage that you can pay for out-of-pocket.
- 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.
- Vehicles that tend to get stolen or have high repair costs will cost you more to insure. If your S350 falls into either category, it could cost you.
Step Three: Make an Informed Buying Decision
If you have found a good price by comparing quotes and also made informed decisions regarding policy limits, deductibles and other policy options that are available, you can now purchase the policy and bind coverage.
On your new policy, double check that the effective date is the same as the date you are cancelling your old policy. This avoids any lapse in coverage which can cause an increase in your rates.
If you already have a car insurance policy, then your Mercedes-Benz S350 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. If you have a current policy and you only carry liability coverage, then that's the only coverage that will automatically extend to your S350. But if you currently carry full coverage, comprehensive and collision coverage will extend to your new vehicle.
The proof-of-insurance card that is required by state law to be carried in your vehicle can be printed out upon completion of your car insurance policy. If your state requires you to file an SR-22 for being a high-risk driver, make sure your new company is aware of this requirement. Failure to comply can result in loss of your driver's license.
More Insurance Buying Tips
For more information on car insurance, please visit the Insurance Information Institute's auto insurance informational page.
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