How Much Does 1994 Mercedes-Benz S-Class Insurance Cost?

Are you sick and tired of not being able to afford each month for car insurance? You are no different than many other drivers.

Popular companies such as Progressive, State Farm and Geico increase brand awareness with fancy advertisements and it is challenging if not impossible to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is not rocket science. Although vehicle owners do need to understand how big insurance companies determine prices because it can help you find the best coverage.

Why you might be paying too much to insure your Mercedes-Benz S-Class

Smart consumers have a good feel for some of the elements that help determine your insurance coverage rates. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to big savings.

  • Pay less if you’re married – Having a wife or husband helps lower the price when buying insurance coverage. Marriage usually means you are more mature than a single person and it’s proven that being married results in fewer claims.
  • Small claims can cost you – If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Car insurance companies provide cheaper rates to policyholders who are claim-free. Auto insurance is meant to be used in the event of larger claims.
  • Where do you drive? – The more miles you rack up on your Mercedes-Benz every year the higher your rates will be. Most companies rate vehicles determined by how the vehicle is used. Cars and trucks not used for work or commuting qualify for better rates than those used for commuting. If your policy improperly rates your S-Class can cost quite a bit. Ask your agent if your insurance coverage policy is rated on how each vehicle is driven.
  • Don’t let your coverage lapse – Not having insurance can get your license suspended and as a result your rates will increase for letting your coverage lapse. And not only will your rates increase, but not being able to provide proof of insurance can result in a steep fine or even jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Optional equipment can affect rates – Driving a car with an alarm system can save you a little every year. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your car from being stolen.
  • Extra add-on coverages are wasting money – There are quite a few extra bells and whistles that you can buy when buying insurance coverage. Insurance for personal injury protection, towing coverage and additional equipment coverage may be wasting your money. These coverages may sound good initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Do you qualify for a multi-policy discount? – Many insurance coverage companies will give a discount to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, you may still want to shop around to verify if the discount is saving money.

Which Car Insurance is Cheapest?

To find the best car insurance prices, there are several ways to get quotes from car insurance companies in your area. The best method to compare 1994 Mercedes-Benz S-Class insurance prices is to perform an online rate comparison. This can be accomplished in several different ways.

The most efficient way to get quotes is to use a rate comparison form like this one (opens in new window). This form saves time by eliminating repetitive form submissions for every car insurance company. One quote request will get you price quotes instantly.

A more time consuming way to get quotes online requires visiting the website for every company you want to comare to complete their respective quote request forms. For example, let’s assume you want comparison quotes from Geico, Progressive and GMAC. You would have to visit each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

The least recommended method to compare rates is to spend your day driving to insurance agents’ offices. Buying insurance online makes this process obsolete unless you have a need for the trained guidance of a licensed agent. It is possible to get prices online but still have the advice of a local agent and you’ll learn how to do that later.

It’s your choice how you get your quotes, but make sure you use identical deductibles and coverage limits for each price quote. If you have mixed coverages it will be very difficult to determine the best price for your Mercedes-Benz S-Class. Just a small difference in limits may result in a large different in cost. Keep in mind that obtaining a wide range of quotes gives you a better chance of getting a better price.

Discounts mean cheaper Mercedes-Benz S-Class insurance rates

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be manually applied before you get the savings.

  • Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
  • Federal Employees – Simply working for the federal government can earn a discount up to 10% for S-Class coverage with select insurance companies.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • New Vehicle Savings – Insuring a new car is cheaper since new cars are generally safer.
  • Life Insurance – Larger companies have better rates if you take out life insurance from them.
  • Defensive Driver – Taking part in a defensive driving course can save you 5% or more depending on where you live.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you may save up to 20% off your total premium.
  • Club Memberships – Affiliation with a civic or occupational organization could trigger savings on insurance for S-Class coverage.
  • One Accident Forgiven – Some insurance companies will forgive one accident without raising rates if your claims history is clear prior to the accident.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will reduce the cost of coverage.

Car insurance companies that possibly offer these money-saving discounts include:

Double check with each insurance company which discounts they offer. Savings might not apply in your state.

Tailor your coverage to you

When choosing adequate coverage, there really is no perfect coverage plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether you would benefit from professional advice.

  • Why am I required to buy liability insurance?
  • Are split liability limits better than a combined single limit?
  • Where can I find high-risk insurance?
  • When should I not file a claim?
  • If my pet gets injured in an accident are they covered?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Why do I only qualify for high-risk insurance?
  • Am I covered if my car is in a flood?
  • Exactly who is provided coverage by my policy?
  • Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Insurance coverage breakdown

Understanding the coverages of insurance aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like pain medications, dental work and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage

Liability insurance

Liability insurance provides protection from damage that occurs to other people or property in an accident. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like medical expenses, emergency aid, pain and suffering and funeral expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Mercedes-Benz S-Class.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as rolling your car, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from flooding and rock chips in glass. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

A tidy conclusion

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

Cheap 1994 Mercedes-Benz S-Class insurance can be purchased online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

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