How Much Does 2006 Mercedes-Benz S-Class Insurance Cost?

Want the cheapest insurance coverage rates for your Mercedes-Benz S-Class? Have you had enough of scraping the payment together to buy car insurance? You are in the same boat as the majority of other car owners. Since consumers have many insurance coverage companies to choose from, it can be hard to locate the lowest cost insurance company.

Cut your premium with discounts

Car insurance can cost a lot, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied when you quote, but a few need to be requested specifically before you will receive the discount. If you’re not getting every credit you qualify for, you are throwing money away.

  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • 55 and Retired – Older drivers may qualify for a discount up to 10% on S-Class coverage.
  • New Vehicle Savings – Putting insurance coverage on a new car can be considerably cheaper due to better safety requirements for new cars.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Student Driver Training – Have your child complete a driver education course if offered at their school.
  • No Charge for an Accident – A few companies permit an accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you may earn at least 10% off all policies.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more on S-Class coverage than less cautious drivers.
  • Claim Free – Good drivers with no accidents can save substantially as compared to drivers who are more careless.

Consumers should know that most credits do not apply to the entire policy premium. Most cut individual premiums such as physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it just doesn’t work that way. Any amount of discount will reduce your overall premium however.

A partial list of companies that may offer these discounts include:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Some discounts might not apply in every state.

Which Insurance is Cheapest?

Getting a cheaper price on 2006 Mercedes-Benz S-Class insurance is a fairly straight forward process. The only requirement is to spend a few minutes to compare rate quotes online from several insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

  • The fastest way to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This type of form saves time by eliminating repetitive form submissions for each company. Just one form gets you coverage quotes instantly.
  • A slightly less efficient method to shop for insurance online is to take the time to go to the website of each company to complete their respective quote request forms. For instance, let’s say you want to compare rates from Nationwide, Liberty Mutual and GMAC. To get each rate you have to visit each site and enter your policy data, which is why the first method is more popular. To view a list of companies in your area, click here.
  • The most time-consuming method to get comparison rates is to waste gas driving to different agent offices. Shopping for insurance online eliminates the need for an insurance agent unless you want the professional advice of a licensed agent. You can, however, obtain prices from the web and still use a local agent and you’ll learn how to do that later.

It doesn’t matter which method you choose, just ensure you are comparing exactly the same coverages and limits on every quote. If your comparisons have different values for each quote it will be impossible to determine which rate is truly the best.

Mercedes-Benz S-Class rates influenced by many factors

Smart consumers have a good feel for the rating factors that go into determining your auto insurance rates. When you know what positively or negatively influences your rates helps enable you to make changes that will entitle you to lower auto insurance prices.

Listed below are a few of the “ingredients” that factor into prices.

  • Multiple policies with one company can save – Many insurers provide better rates to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. If you currently are using one company, you may still want to shop around to ensure the best deal.
  • Your location affects your rates – Choosing to live in less populated areas is a positive aspect when it comes to auto insurance. Lower population means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas have to deal with more traffic problems and longer commutes to work. More time on the road means more change of being in an accident.
  • How’s your driving record? – Your driving citation history has a huge affect on how much you pay. Just one speeding ticket can bump up the cost by twenty percent. Drivers who don’t get tickets get better rates than their less careful counterparts. Drivers who have dangerous citations such as DUI or reckless driving may need to submit a SR-22 form with their state DMV in order to prevent a license revocation.
  • Battle of the sexes – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men tend to get into accidents at a similar rate, but the males have costlier accidents. They also get cited for more serious violations like reckless driving and DUI. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
  • Younger drivers pay higher rates – More mature drivers are more cautious drivers, tend to file fewer claims and receive fewer citations. Teenage drivers are known to be more careless when driving therefore auto insurance rates are much higher.
  • Occupation reflects on rates – Did you know your job can affect your rates? Careers like real estate brokers, architects and stock brokers are shown to have the highest rates due to high stress levels and lengthy work days. On the other hand, jobs such as actors, students and performers pay the least on S-Class coverage.

What is the best insurance coverage?

When buying proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every situation is different and your policy should reflect that. These are some specific questions can aid in determining whether or not you may require specific advice.

  • Can I rate high risk drivers on liability-only vehicles?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered if I crash into my own garage door?
  • If my pet gets injured in an accident are they covered?
  • When should I buy a commercial auto policy?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

How can 21st Century, Allstate and State Farm save drivers who switch?

Consumers can’t get away from ads for the lowest price auto insurance from the likes of 21st Century, Allstate and State Farm. All the companies have a common claim of big savings if you change your coverage to them.

How can each company make the same claim?

All the different companies can use profiling for the right customer that earns them a profit. A good example of a preferred risk might be profiled as between 25 and 40, has no driving citations, and has excellent credit. A driver who fits that profile receives the best rates and is almost guaranteed to cut their rates substantially.

Potential insureds who do not match this ideal profile will be quoted higher premiums which leads to business going elsewhere. The ads say “people who switch” but not “drivers who get quotes” save that kind of money. That’s why insurance companies can state the savings.

This emphasizes why you absolutely need to compare as many rates as you can. It’s just too difficult to predict the company that will fit your personal profile best.

Specific coverage details

Learning about specific coverages of auto insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages found on the average auto insurance policy.

Comprehensive coverage – This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a broken windshield, vandalism, damage from flooding and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as 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. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for liability – This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as attorney fees, repair costs for stationary objects, medical services, court costs and loss of income. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Collision coverage – This pays for damage to your S-Class caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as backing into a parked car, crashing into a building, colliding with another moving vehicle, damaging your car on a curb and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like EMT expenses, pain medications, funeral costs and surgery. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Save your cold hard cash

Cost effective 2006 Mercedes-Benz S-Class insurance can be purchased on the web in addition to many insurance agents, and you need to comparison shop both to get a complete price analysis. A few companies do not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

While you’re price shopping online, you should never reduce coverage to reduce premium. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to discover later that it was a big error on their part. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

We’ve covered some good ideas how you can compare insurance prices online. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even discover the lowest priced insurance coverage comes from some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

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