Cheapest 2008 Mercedes-Benz S-Class Insurance Rates in 2023
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UPDATED: Jun 4, 2023
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Scraping up a payment for overpriced Mercedes-Benz S-Class insurance can drain your bank account and put a big crunch on your finances. Comparing price quotes is free, only takes a few minutes, and is a good way to cut your insurance bill. Because you have many options when it comes to insurance coverage, it’s nearly impossible to locate the most cost effective insurer.
Mercedes-Benz S-Class insurance rates are influenced by…
Consumers need to have an understanding of the rating factors that help determine your insurance coverage rates. Understanding what controls the rates you pay helps enable you to make changes that may reward you with much lower annual insurance costs.
The following are some of the factors that factor into rates.
- Special features that cut premiums – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
- More people means more accidents – Choosing to live in small towns and rural areas is a positive aspect when insuring your vehicles. Fewer drivers means a lower chance of having an accident and a lower car theft rate. Drivers in populated areas regularly have more traffic problems and a longer drive to work. Higher commute times means higher likelihood of an accident.
- Do you need the policy add-ons? – There are quite a few add-on coverages that you can get tricked into buying on your S-Class policy. Coverages for roadside assistance, accidental death and membership fees are some examples. They may seem good when you first buy your policy, but your needs may have changed so eliminate them to save money.
- Higher deductibles cost less – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Mercedes-Benz. A few examples of covered claims would be collision with another vehicle, collision with an animal, and burglary. Physical damage deductibles are how much you are willing to pay out-of-pocket before your insurance coverage pays a claim. The higher the amount you have to pay, the bigger discount you will receive on S-Class coverage.
Vehicle Insurance Comparison
Finding a better price on insurance coverage can be relatively painless. Consumers just need to invest a few minutes to compare rate quotes online with multiple companies. This can be done using a couple different methods.
- The most efficient way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This form keeps you from doing repetitive form entry to each individual insurance coverage company. Taking the time to complete one form gets you price quotes from several companies.
- A slightly less efficient method to find lower rates consists of going to the website for every company you want to comare to complete a price quote. For sake of this example, we’ll pretend you want comparison quotes from Liberty Mutual, Progressive and Farmers. You would have to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular.For a list of links to companies insuring cars in your area, click here.
- The hardest method of getting rate comparisons is to spend your day driving to different agent offices. The internet eliminates the need for an insurance agent unless you want the trained guidance of a local agent. Drivers can find lower rates online and get advice from an agent in your area and we’ll touch on that later.
It’s up to you how you get prices quotes, just ensure you are comparing apples-to-apples coverage limits and deductibles for each comparison quote. If the quotes have different values for each quote then you won’t be able to determine the best price for your Mercedes-Benz S-Class.
Don’t believe everything you hear
Consumers can’t get away from ads for car insurance savings from the likes of 21st Century, Allstate and State Farm. They all make an identical promise about savings if you move your coverage to them.
But how can every company claim to save you money?
Different companies have a preferred profile for the type of customer they prefer to insure. For instance, a driver they prefer could possibly be between the ages of 30 and 50, has no driving citations, and has great credit. A customer who meets those qualifications will qualify for the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.
Drivers who don’t meet the “perfect” profile will have to pay more money which leads to business going elsewhere. Company advertisements say “people who switch” not “people who quote” save that kind of money. That’s the way companies can advertise the way they do. Because of the profiling, it’s extremely important to compare as many rates as you can. It’s impossible to know the company that will fit your personal profile best.
Lots of discounts mean lots of savings
Companies that sell car insurance don’t always advertise every available discount very well, so we break down some of the best known as well as the least known discounts you could be receiving. If you don’t get every credit you deserve, you’re just leaving money on the table.
- Discount for New Cars – Insuring a new car can save up to 30% since new cars are generally safer.
- College Student – Children who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
- Memberships – Belonging to certain professional organizations could qualify you for a break on your policy on S-Class coverage.
- Early Switch Discount – Some insurance companies reward drivers for switching to them prior to your current policy expiration. It’s a savings of about 10%.
- Auto/Life Discount – Larger companies have a break if you buy a life insurance policy as well.
- Own a Home – Owning a house can save you money due to the fact that maintaining a home is proof that your finances are in order.
As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most cut individual premiums such as comprehensive or collision. So despite the fact that it appears it’s possible to get free car insurance, it just doesn’t work that way.
Companies who might offer these discounts include:
Before buying, ask each company how you can save money. Savings might not apply everywhere.
Situations that might require an agent
When it comes to choosing the best insurance coverage coverage for your vehicles, there isn’t really a perfect coverage plan. Every situation is different and your policy should reflect that. These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.
- Is my nanny covered when driving my vehicle?
- At what point should I drop full coverage?
- Do I need PIP (personal injury protection) coverage in my state?
- What should my uninsured motorist coverage limits be in my state?
- Is my 2008 Mercedes-Benz S-Class covered for smoke damage?
- Can I make deliveries for my home business?
- I have health insurance so do I need medical payments coverage?
- How much liability coverage do I need in my state?
- Why do I need rental car insurance?
- Does insurance cover damages from a DUI accident?
If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Information about specific coverages
Knowing the specifics of your policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement. These are typical coverages available from insurance companies.
Coverage for liability
Liability coverage can cover damages or injuries you inflict on other people or property in an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as pain and suffering, medical expenses and legal defense fees. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.
Collision coverage pays for damage to your S-Class from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like rolling your car, backing into a parked car, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Insurance for medical payments
Coverage for medical payments and/or PIP kick in for bills like dental work, doctor visits, funeral costs, chiropractic care and hospital visits. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Comprehensive coverage (or Other than Collision)
This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like fire damage, falling objects and theft. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
A fool and his money are soon parted
Cheaper 2008 Mercedes-Benz S-Class insurance is possible from both online companies and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
When trying to cut insurance costs, you should never buy less coverage just to save a little money. In many cases, someone sacrificed comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. The ultimate goal is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.
- Credit and Insurance Scores (Insurance Information Insitute)
- Older Driver Statistics (Insurance Information Insitute)
- Things to Know Before you Cancel Insurance (Allstate)
- Vehicle Size and Weight FAQ (iihs.org)
- Bodily Injury Coverage (Liberty Mutual)
Frequently Asked Questions
How can I find the cheapest auto insurance rates for a 2008 Mercedes-Benz S-Class in 2023?
To find the cheapest auto insurance rates for a 2008 Mercedes-Benz S-Class in 2023, you can enter your ZIP code on our website to use the free quote tool. It will provide you with a list of companies that offer cheap auto insurance rates in your area.
What factors influence Mercedes-Benz S-Class insurance rates?
Several factors can influence Mercedes-Benz S-Class insurance rates, including your location, driving record, age, gender, credit score, the value of the vehicle, and the level of coverage you choose. Insurance companies take these factors into account when determining your insurance premium.
How can I compare insurance quotes for my Mercedes-Benz S-Class?
You can compare insurance quotes for your Mercedes-Benz S-Class by using our online quote tool. Make sure to compare quotes from multiple companies and ensure that the coverage limits and deductibles are the same for each quote. This will help you determine the best price for your insurance coverage.
Why do different insurance companies claim to save me money?
Different insurance companies have different preferred customer profiles. Each company has its own criteria for determining risk and setting insurance rates. So, while one company may offer savings for a specific profile, another company may offer savings for a different profile. It’s important to compare rates from multiple companies to find the one that fits your personal profile best.
What discounts are available for Mercedes-Benz S-Class insurance?
Insurance companies offer various discounts that can help you save money on your Mercedes-Benz S-Class insurance. Some common discounts include safe driver discounts, multi-policy discounts, good student discounts, and anti-theft device discounts. However, not all discounts may apply to every policy, so it’s essential to ask each company about the discounts they offer.
When should I consider getting advice from an insurance agent?
If you’re unsure about the best insurance coverage for your vehicles or have specific questions about your policy, it may be beneficial to seek advice from an insurance agent. An agent can provide personalized recommendations based on your individual circumstances and help you understand the complexities of insurance coverage.
What are some typical coverages available for insurance policies?
Some typical coverages available for insurance policies include liability coverage, collision coverage, uninsured/underinsured motorist coverage, medical payments coverage, and comprehensive coverage. Each coverage type serves a different purpose and provides protection for specific situations. It’s important to understand these coverages and select the ones that best suit your needs.
How can I save money on my Mercedes-Benz S-Class insurance?
To save money on your Mercedes-Benz S-Class insurance, you can consider raising your deductibles, maintaining a clean driving record, bundling your policies with the same insurance provider, and taking advantage of available discounts. Additionally, comparing quotes from multiple insurance companies can help you find the most affordable option for your coverage needs.
Is it advisable to buy less coverage to save money?
It is generally not advisable to buy less coverage just to save money. While it may lower your premium in the short term, reducing coverage limits or eliminating critical coverages could leave you financially vulnerable in the event of an accident or damage to your vehicle. It’s important to strike a balance between affordability and adequate coverage to protect yourself and your assets.
Where can I find more resources about auto insurance?
You can find more resources about auto insurance on our website, where we strive to be an objective, third-party resource for everything auto insurance related. We regularly update our site and review all content with the help of auto insurance experts to provide accurate and up-to-date information.
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