Mercedes-Benz S400 Insurance – 8 Discounts Drivers are Unaware of

Having to pay for overpriced Mercedes-Benz S400 insurance can overdraw your savings account, especially in this economy. Shopping your coverage around is free, only takes a few minutes, and is a good way to help make ends meet.

Drivers have multiple car insurance companies to purchase coverage from, and although it’s nice to have a selection, it can be more challenging to compare rates.

Consumers should take time to price shop coverage every six months because rates tend to go up over time. If you had the best price on S400 coverage six months ago other companies may now be cheaper. You’ll find quite a bit of inaccurate information about auto insurance online, so by reading this article, you’re going to learn some solid techniques on how to reduce your auto insurance bill.

Discounts are available to cut your rates

Companies don’t list all available discounts in an easy-to-find place, so here is a list some of the best known and also the lesser-known ways to save on auto insurance.

• Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and earn discounts up to 10%.
• Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
• No Charge for an Accident – Some insurance companies permit an accident without raising rates if your claims history is clear prior to the accident.
• Driver Safety – Taking part in a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
• Good Student – A discount for being a good student can earn a discount of 20% or more. The good student discount can last up to age 25.
• Own a Home – Being a homeowner may trigger a auto insurance policy discount because maintaining a house is proof that your finances are in order.
• Auto/Life Discount – Select insurance companies reward you with a break if you buy auto and life insurance together.
• Low Mileage – Driving fewer miles could qualify for a substantially lower rate.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

To choose insurance companies offering auto insurance discounts, follow this link.

Everyone needs different coverages

When buying coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that can help discover whether you would benefit from professional advice.

• Why am I required to buy high-risk coverage?
• Does my insurance cover damage caused when ticketed for reckless driving?
• How much underlying liability do I need for an umbrella policy?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• Can I afford to buy a different vehicle if my Mercedes-Benz S400 is totaled?
• Am I covered if I crash into my own garage door?
• Which companies will insure high-risk drivers?
• Do I have coverage when pulling a U-Haul trailer?
• Does my car insurance cover rental cars?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Auto insurance coverage options for a Mercedes-Benz S400

Understanding the coverages of your auto insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages available from auto insurance companies.

UM/UIM Coverage

This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mercedes-Benz S400.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Liability coverages

This can cover damages or injuries you inflict on a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as legal defense fees, repair bills for other people’s vehicles, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Collision protection

This will pay to fix damage to your S400 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a building, colliding with another moving vehicle, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for immediate expenses like prosthetic devices, surgery, rehabilitation expenses and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as vandalism, rock chips in glass, damage from a tornado or hurricane and hitting a bird. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Best coverage at the best price

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There are too many instances where someone dropped physical damage coverage only to regret they didn’t have enough coverage. Your goal should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

Budget-conscious Mercedes-Benz S400 insurance can be bought on the web as well as from independent agents, and you need to price shop both to get a complete price analysis. There are still a few companies who don’t offer online quoting and these regional insurance providers work with independent agents.