Lower Your 2003 Mercedes-Benz E-Class Insurance Rates

Are you sick and tired of not being able to afford each month for car insurance? You’re in the same situation as many other drivers. Popular companies such as Allstate, Liberty Mutual and State Farm all claim big savings with ad campaigns and it can be hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

Compare the Market for Insurance

Finding a better price on insurance can be relatively painless. You just have to take time comparing rates provided by online insurance companies. This can be accomplished using a couple different methods.

  • The best way to get quotes is a comparison rater form like this one (opens in new window). This method saves time by eliminating boring form submissions for each company. Just one form gets rate comparisons direct from many companies.
  • Another way to get comparison quotes is to manually visit the website of each company to request a price quote. For example, we’ll assume you want to compare Allstate, Progressive and Farmers. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

Whichever way you use, make sure you use the exact same coverages with every price quote. If you compare different limits and deductibles on each one you will not be able to make an equal comparison.

Lower rates by qualifying for discounts

Auto insurance companies don’t necessarily list all their discounts very well, so we break down both the well known as well as the least known savings tricks you should be using. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • Student in College – Any of your kids who are attending college and do not have a car can be insured at a reduced rate.
  • Multi-policy Discount – When you have multiple policies with the same company you will save up to 20% off your total premium.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.

It’s important to note that many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way.

Car insurance companies that may have these discounts may include but are not limited to:

Before buying, ask every prospective company what discounts are available to you. Discounts might not be offered in your area.

Car insurance is unique, just like you

When buying proper insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

  • Am I covered by my spouse’s policy after a separation?
  • Are rental cars covered under my policy?
  • I have a DUI can I still get coverage?
  • Is my teenager covered with friends in the car?
  • Is a blown tire covered by insurance?
  • Does having multiple vehicles earn me a discount?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Coverage specifics

Understanding the coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2003 Mercedes-Benz E-Class.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Medical costs insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses for dental work, funeral costs, EMT expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Collision coverage

This coverage pays for damage to your E-Class resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as backing into a parked car, damaging your car on a curb, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like fire damage, rock chips in glass and theft. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability insurance

This will cover damage that occurs to a person or their property in an accident. It protects YOU from claims by other people. Liability 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. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, repair bills for other people’s vehicles, structural damage and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Buy Smart and Save

You just read a lot of techniques to save on 2003 Mercedes-Benz E-Class insurance. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the most savings is with some of the lesser-known companies. They may have significantly lower rates on certain market segments than their larger competitors like Progressive or Geico.

When buying insurance coverage, make sure you don’t buy poor coverage just to save money. In too many instances, someone sacrificed collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

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