Save on 2005 Mercedes-Benz E-Class Car Insurance Rates

Having to pay for overpriced Mercedes-Benz E-Class insurance can dwindle your personal savings and put the squeeze on your family’s finances. Comparing price quotes is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income. Online insurance companies like State Farm, Allstate, Geico and Progressive constantly blast consumers with catchy ads and consumers find it hard to see past the corporate glitz and effectively compare rates to find the best deal.

Comprehensive Auto Insurance Comparison

Finding a better price on auto insurance can be surprisingly simple. Drivers just need to spend a little time comparing rates online from several insurance companies. This can be done using a couple different methods.

  1. The most efficient way to get quotes is an all-inclusive rate comparison click to view form in new window. This method saves time by eliminating multiple quote forms for each company you want a rate for. In just a few minutes this one form will get you rate comparisons from multiple low-cost companies.
  2. A more difficult way to compare rate quotes is going to each individual company website and fill out their own quote form. For example, we’ll assume you want to compare rates from State Farm, Safeco and Farmers. To find out each rate you need to take the time to go to each site to enter your coverage information, which is why the first method is quicker.

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

  3. The least efficient method of comparing rate quotes is to spend time driving to insurance agents’ offices. Buying insurance online has reduced the need for local agents unless you have a need for the trained guidance of a local agent. You can, however, price shop online but buy from a local insurance agent and we’ll talk about that later.

It’s your choice how you get your quotes, but compare exactly the same coverage limits with each company. If you enter differing limits it’s impossible to truly determine the lowest rate.

Don’t be fooled by advertising claims

Drivers constantly see and hear ads for car insurance savings by companies like Progressive, Allstate and Geico. All the companies make the same claim that you’ll save big if you switch to them.

How does each company say the same thing? It’s all in the numbers.

All the different companies can use profiling for the driver that earns them a profit. For example, a profitable customer might be between the ages of 40 and 55, has no tickets, and has excellent credit. A driver who fits that profile will qualify for the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who fall outside the requirements will be quoted higher rates which leads to business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That’s why companies can advertise the savings. This emphasizes why drivers should get as many comparisons as possible. It is impossible to predict which company will have the lowest Mercedes-Benz E-Class insurance rates.

Why you might be paying too much to insure your Mercedes-Benz E-Class

Smart consumers have a good feel for the rating factors that come into play when calculating your auto insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.

  • Protect yourself with liability coverage – The liability section of your policy will protect you if you are found liable for causing damage or personal injury in an accident. It will provide you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Multi-policy discounts can save money – Most companies will give a discount to policyholders who buy several policies from them. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even with this discount, you may still want to shop around to make sure you are getting the best deal. You may still be able to find a better deal by splitting coverages up.
  • Being married can save on auto insurance – Having a spouse actually saves money on auto insurance. Having a spouse translates into being more mature and it’s statistically proven that drivers who are married are more cautious.
  • Car features impact rates – Owning a car with an alarm system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Older drivers save more – Mature drivers are more responsible, file fewer claims and are safer drivers. Teenage drivers tend to be careless and easily distracted in a vehicle therefore auto insurance rates are much higher.
  • Poor driving leads to higher costs – Just one speeding ticket can increase rates by as much as thirty percent. Good drivers get better rates compared to drivers with tickets. Drivers who have flagrant citations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Do you know your deductibles? – Physical damage deductibles represent how much money you are required to spend if you file a covered claim. Physical damage insurance, also known as collision and other-than-collision, insures against damage to your car. Examples of covered claims would be colliding with a building, damage caused by hail, or theft. The more you’re willing to pay, the lower your rates will be for E-Class coverage.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings get lower rates. These vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If your Mercedes-Benz E-Class earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Don’t miss these discounts

Companies that sell car insurance don’t always publicize all available discounts very clearly, so the following is a list of both well-publicized as well as the least known savings tricks you should be using. If you’re not getting every credit available, you’re paying more than you need to.

  • 55 and Retired – Mature drivers may be able to get a small decrease in premiums for E-Class coverage.
  • Federal Government Employee – Employees or retirees of the government may qualify you for a discount for E-Class coverage with certain companies.
  • Auto/Home Discount – When you combine your home and auto insurance with one insurance company you could get a discount of at least 10% off all policies.
  • College Student – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.
  • Homeowners Discount – Being a homeowner can save you money because of the fact that having a home is proof that your finances are in order.

It’s important to note that some credits don’t apply the the whole policy. Most cut the cost of specific coverages such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

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

Double check with each insurance company which discounts they offer. All car insurance discounts might not apply in your area.

When might I need help?

When it comes to buying coverage, there is no “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that may help highlight whether you could use an agent’s help.

  • Do I pay less if my vehicle is kept in my garage?
  • What can I do if my company won’t pay a claim?
  • Do I need roadside assistance coverage?
  • Am I covered when pulling a rental trailer?
  • I have a DUI can I still get coverage?
  • When do I need to add a new car to my policy?
  • What happens if I owe more than my 2005 Mercedes-Benz E-Class is worth?
  • Is a blown tire covered by insurance?
  • How can I get high-risk coverage after a DUI?
  • Can I afford to pay high deductible claims out of pocket?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this 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.

What insurance coverages do you need?

Learning about specific coverages of insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most insurance policies.

Comprehensive coverages – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a broken windshield, fire damage and hitting a deer. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage – This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz E-Class.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverage – This coverage pays for damage to your E-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 insurance covers claims like damaging your car on a curb, hitting a parking meter, driving through your garage door, crashing into a building and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like hospital visits, surgery, EMT expenses and nursing services. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages – This provides protection from damage that occurs to other people or property. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like repair costs for stationary objects, emergency aid, loss of income, legal defense fees and court costs. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

Do the work, save more money

When you buy insurance online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Affordable 2005 Mercedes-Benz E-Class insurance can be bought on the web in addition to many insurance agents, so you should compare both to get a complete price analysis. A few companies do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

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