Consumers Find How to Pay Less for Mercedes-Benz S420 Insurance

Searching for cheaper insurance for a Mercedes-Benz S420 can turn out to be difficult, but you can use the following methods to find lower rates.

There is a better way to buy car insurance so we’re going to tell you the absolute fastest way to quote coverages on a Mercedes-Benz and get the best price possible from local insurance agents and online providers.

Pay less by taking advantage of discounts

Car insurance can cost a lot, but there are discounts available to cut the cost considerably. Certain discounts will be applied at quote time, but a few need to be asked for in order for you to get them. If you don’t get every credit available, you’re paying more than you need to.

• Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
• Save over 55 – If you’re over the age of 55, you may be able to get a small decrease in premiums on S420 insurance.
• Discounts for Safe Drivers – Insureds without accidents may save up to 50% more on S420 insurance than their less cautious counterparts.
• Government Employees – Employees or retirees of the government could cut as much as 10% off on S420 insurance with a few car insurance companies.
• Multi-car Discount – Having more than one vehicle on the same car insurance policy can get a discount on all vehicles.
• Defensive Driver – Taking a defensive driving course can save you 5% or more if you qualify.
• Military Discounts – Being deployed with a military unit may qualify for rate reductions.
• Life Insurance – Larger companies have a discount if you purchase a life insurance policy as well.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. So when it seems like you could get a free car insurance policy, car insurance companies aren’t that generous. Any qualifying discounts will bring down your premiums.

Factors influencing Mercedes-Benz S420 insurance rates

Consumers need to have an understanding of the rating factors that go into determining car insurance rates. Understanding what controls the rates you pay empowers consumers to make smart changes that can help you get better car insurance rates.

• Your credit rating is important – Credit rating is a large factor in calculating your car insurance rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with lower ratings. If your credit score can use some improvement, you could pay less to insure your Mercedes-Benz S420 by repairing your credit.
• Younger drivers pay higher rates – Older insureds tend to be more responsible, file fewer claims and get fewer tickets. Teenage drivers tend to be less responsible when behind the wheel and because of this, their car insurance rates are much higher.
• Careful drivers pay lower rates – Your driving citation history has a huge affect on how much you pay. Drivers who don’t get tickets tend to pay less for car insurance than people who have multiple driving citations. Even one citation can bump up the cost forty percent or more. Drivers who have severe citations like DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.
• Performance influences rates – The make and model of the vehicle you are buying insurance for makes a significant difference in the rate you pay. Since the Mercedes-Benz S420 falls in the luxury sedan class, rates will be more as compared to the average rate. Economy passenger cars receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
• Drive less and save money – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers apply a rate based on their usage. Cars and trucks not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your car insurance declarations sheet is showing the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your S420 may be costing you.

Ads can be misleading

Consumers can’t ignore all the ads for cheaper car insurance from companies such as 21st Century, Allstate and State Farm. They all seem to make the same claim that you’ll save big if you change your policy.

How do they all make almost identical claims? This is how they do it.

Insurance companies can use profiling for the type of driver that earns them a profit. A good example of a driver they prefer could possibly be between 30 and 50, a clean driving record, and has excellent credit. Any new insured that hits that “sweet spot” gets the lowest rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the “perfect” profile will be charged a higher premium which leads to business not being written. The ads say “people who switch” not “people who quote” save that much money. This is how companies can claim big savings.

That is why it’s extremely important to quote coverage with many companies. It’s just too difficult to predict which car insurance company will fit your personal profile best.

More quotes mean more savings

We covered some good ideas how to reduce Mercedes-Benz S420 insurance prices online. It’s most important to understand that the more you quote, the higher the chance of saving money. You may even find the lowest priced car insurance comes from a small mutual company.

Insureds leave their current company for a number of reasons such as extreme rates for teen drivers, lack of trust in their agent, an unsatisfactory settlement offer or questionable increases in premium. It doesn’t matter what your reason, finding the right car insurance provider is not as difficult as it may seem.

Budget-conscious Mercedes-Benz S420 insurance can be found online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. A few companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.