Best Tricks to Lowering Your Mercedes-Benz S450 Insurance Rates

Shoppers have many options when shopping for affordable Mercedes-Benz S450 insurance. You can either spend your time struggling with agents to get rate comparisons or utilize the internet to find the lowest rates.

There are more efficient ways to buy car insurance and we’ll show you the best way to compare rates for your Mercedes-Benz and obtain the lowest possible price from both online companies and local agents.

It’s a good habit to take a look at other company’s rates at least once a year because insurance rates tend to go up over time. Just because you had the best price on S450 coverage a few years ago the chances are good that you can find a lower rate today. So just block out anything you think you know about car insurance because you’re going to get a crash course in how to use the internet to find better rates and still maintain coverage.

Free Car Insurance Quotes

There are a lot of ways to compare car insurance prices but one way is less time-consuming than others. You could spend your day talking to agents in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

The majority of car insurance companies are enrolled in a marketplace that enables customers to submit their information once, and each participating company returns a rated price based on that data. This system prevents you from having to do repetitive form submissions to each individual car insurance company.

To enter your information into the quoting system, click here to open in new window.

The only drawback to doing it this way is you cannot specify which carriers to receive prices from. So if you prefer to choose individual companies to compare prices, we have a listing of car insurance companies in your area. Click here to view list.

It doesn’t matter which method you choose, just be sure to compare apples-to-apples coverages and limits for every quote you compare. If each company quotes higher or lower deductibles it will be very difficult to make a fair comparison for your Mercedes-Benz S450.

Cut your premium with discounts

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Some discounts apply automatically at the time of purchase, but a few must be inquired about before they will apply. If they aren’t giving you every credit possible, you’re just leaving money on the table.

• Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
• Discount for New Cars – Insuring a new car is cheaper compared to insuring an older model.
• Life Insurance Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
• Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
• Sign Early and Save – Some insurance companies reward drivers for switching to them prior to your current policy expiration. It can save you around 10%.
• Multi-policy Discount – When you have multiple policies with the same company you may earn up to 20% off your total premium.
• Seat Belts Save – Buckling up and requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
• Distant Student – Youth drivers living away from home attending college without a vehicle on campus may be able to be covered for less.
• Multiple Cars – Buying insurance for all your vehicles on one policy can get a discount on all vehicles.
• Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. This discount can apply up to age 25.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut the cost of specific coverages such as medical payments or collision. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will bring down the cost of coverage.

For a list of companies offering car insurance discounts, click here to view.

Mercedes-Benz S450 rates are made up of many parts

It’s important that you understand the rating factors that go into determining the price you pay for car insurance. When you know what positively or negatively impacts premium levels enables informed choices that can help you get big savings.

Listed below are a few of the “ingredients” car insurance companies consider when setting your rates.

• Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.
• More performance means more cost – The performance of the vehicle you drive makes a huge difference in how high your rates are. The most favorable rates are generally reserved for lower performance four cylinder passenger vehicles, but there are many factors that impact the final cost. Since the Mercedes-Benz S450 is a luxury sedan, insuring your vehicle will cost more as compared to the average rate.
• Males pay more for insurance – Statistics demonstrate women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Both sexes have accidents in similar numbers, but the males tend to have more serious accidents. They also get cited for more serious violations like reckless driving and DUI.
• Having a spouse can save you money – Having a spouse can get you a discount on your policy. It is viewed as being more responsible and it’s statistically proven that married drivers get in fewer accidents.
• Liability coverage is peace of mind – Liability coverage provides coverage if you are found liable for causing damage or personal injury in an accident. It will provide legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so buy as much as you can afford.

One last thing

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Cheap Mercedes-Benz S450 insurance is possible on the web as well as from independent agents, so you should compare both in order to have the best chance of saving money. A few companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

People who switch companies do it for many reasons like unfair underwriting practices, policy cancellation, delays in paying claims and being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new insurance company is pretty simple and you could end up saving a buck or two.