Scraping up a payment for overpriced Mercedes-Benz E-Class insurance can overdraw your bank account and force you to prioritize other expenses. Comparison shopping is a smart way to tighten up your finances.
With consumers having so many car insurance companies to choose from, it can be challenging to pick the lowest price insurer.
It’s a good habit to get comparison quotes periodically because insurance rates change frequently. Just because you found the lowest price for E-Class insurance two years ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to find out how to quote online to find great coverage at a great price.
There are a lot of ways you can shop for insurance coverage but one way is less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could save time and use online quoting to quickly compare rates.
Most of the best insurance companies participate in an industry program where insurance shoppers submit their information once, and every company provides a quote based on the submitted data. This prevents consumers from doing repetitive form submissions to each individual insurance coverage company. To get comparison pricing now click here to start a free quote.
One minor caviat to using this type of system is that consumers can’t choose which companies you want pricing from. If you would rather choose from a list of companies to receive pricing from, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.
However you get your quotes, make sure you use identical coverage limits with each company. If the quotes have different deductibles it will be impossible to make a fair comparison for your Mercedes-Benz E-Class. Just a small difference in insurance coverages could mean much higher rates. And when quoting insurance coverage, remember that comparing more company’s prices will enable you to find better pricing.
Companies like State Farm, Allstate and GEICO continually stream ads on television and other media. All the ads make an identical promise of big savings after switching to them. How does each company make the same claim?
Different companies can use profiling for the type of customer that makes them money. An example of a driver they prefer might be profiled as between 30 and 50, a clean driving record, and drives less than 7,500 miles a year. Any driver who fits that profile gets the lowest rates and is almost guaranteed to save quite a bit of money when switching.
Consumers who fall outside these standards will be quoted higher rates which leads to business not being written. Company advertisements say “people who switch” not “people who quote” save that much money. That is how companies can truthfully advertise the way they do. This emphasizes why you should get quotes from several different companies. It’s impossible to know which car insurance company will fit your personal profile best.
Companies don’t always advertise every discount in an easy-to-find place, so we break down both well-publicized and the harder-to-find car insurance savings.
It’s important to understand that many deductions do not apply to the overall cost of the policy. A few only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, car insurance companies aren’t that generous.
To see a list of insurance companies offering car insurance discounts, click here.
When choosing coverage, there really is no perfect coverage plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help highlight if your situation will benefit from professional help.
If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier
Having a good grasp of your insurance policy helps when choosing appropriate coverage for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types available from insurance companies.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like funeral costs, nursing services, X-ray expenses and ambulance fees. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Mercedes-Benz E-Class.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Coverage for liability – Liability insurance provides protection from injuries or damage you cause to other’s property or people. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability coverage pays for claims such as structural damage, loss of income, funeral expenses, pain and suffering and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.
Collision coverages – This coverage covers damage to your E-Class from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things such as crashing into a ditch, driving through your garage door and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – This coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as a broken windshield, vandalism, damage from getting keyed, hitting a bird and falling objects. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Throughout this article, we presented many ways to shop for 2003 Mercedes-Benz E-Class insurance online. It’s most important to understand that the more you quote, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with a lesser-known regional company. Regional companies often have lower prices on specific markets than the large multi-state companies such as GEICO and State Farm.
Cheaper insurance can be bought from both online companies in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. A few companies do not provide the ability to get a quote online and most of the time these small insurance companies sell through independent agents.