2003 Mercedes-Benz E-Class Insurance Cost – 7 Tips for Cheaper Prices

Saving money on insurance coverage might be slightly frustrating for beginners to online price comparisons. With a ridiculous number of online companies available, it can be hard work to find cheaper prices.

The quickest method to compare car insurance rates is to realize car insurance companies pay for the opportunity to provide you with a free rate quote. The one thing you need to do is give them some information like whether you have decent credit, whether you are single or married, driver ages, and how much school you completed. Your information gets sent immediately to many highly-rated insurers and they return cost estimate immediately.

To check 2003 Mercedes-Benz E-Class insurance prices now, click here and enter your zip code.

Auto insurance advertisements

Popular auto insurance providers such as State Farm, Allstate and GEICO continually stream ads on TV and radio. All the companies make the same claim about savings if you get a free insurance coverage quote and switch your auto insurance coverage to their company. How do they all cost less than your current company? Here is the trick they use.

All companies have a certain “appetite” for a prospective insured they prefer to insure. For example, a profitable risk profile should be between the ages of 30 and 50, has a low-risk occupation, and has a high credit rating. Anybody who meets those qualifications will get a cheap rate quote and is almost guaranteed to save when they switch companies.

Potential customers who don’t meet the requirements must pay higher prices and ends up with business not being written. The ads say “customers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how insurance companies can state the savings.

Because of these techniques, you need to do a price quote comparison at every renewal. Because you cannot predict with any certainty which company will provide you with the cheapest car insurance rates.

Do you qualify for discount insurance?

Companies offering auto insurance don’t always advertise all their discounts in an easy-to-find place, so the next list breaks down both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance coverage online. If you aren’t receiving every discount you deserve, you are not getting the best rate possible.

  • Own a Home and Save – Being a homeowner can get you a discount because it means you have a higher level of financial diligence.
  • Passenger Safety Discount – Cars that have air bags or motorized seat belts can receive discounts as much as 30%.
  • Discount for Multiple Policies – When you have multiple policies and insure them both with the same insurance company you could earn a discount of approximately 10% to 15%.
  • Accident Forgiveness – This isn’t a discount exactly, but some insurance companies may permit one accident without the usual rate increase if you have no claims for a particular time prior to the accident.
  • Driver Safety – Participating in a course that instructs on driving safety could earn you a small percentage discount and easily recoup the cost of the course.
  • Theft Deterent System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and earn discounts up to 10% off your insurance coverage quote.
  • Driver Education Discount – Teen drivers should participate in a local driver’s education class in school.

It’s important to note that most discount credits are not given to the overall cost of the policy. Most cut specific coverage prices like comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

Companies and a partial list of their discounts are included below.

  • Progressive may include discounts for homeowner, online quote discount, multi-vehicle, good student, and continuous coverage.
  • The Hartford offers discounts including air bag, good student, defensive driver, vehicle fuel type, bundle, driver training, and anti-theft.
  • Mercury Insurance has savings for ease of repair, location of vehicle, good student, anti-theft, annual mileage, and multi-car.
  • GEICO includes discounts for multi-policy, five-year accident-free, membership and employees, anti-theft, seat belt use, federal employee, and anti-lock brakes.
  • AAA discounts include multi-policy, anti-theft, pay-in-full, good student, good driver, and education and occupation.
  • State Farm policyholders can earn discounts including Drive Safe & Save, student away at school, anti-theft, defensive driving training, Steer Clear safe driver discount, safe vehicle, and accident-free.

When quoting, ask every prospective company which discounts they offer. Some of the discounts discussed earlier may not apply in your state. For a list of insurers who offer insurance discounts, click this link.

What insurance coverages do I need?

When it comes to buying coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions can help discover if you would benefit from an agent’s advice.

  • What if I total my 2003 Mercedes-Benz E-Class and owe more than it’s worth?
  • Is extra glass coverage worth it?
  • How much liability do I need to cover my assets?
  • Does my 2003 Mercedes-Benz E-Class qualify for pleasure use?
  • Why do I need rental car insurance?
  • Do I benefit by insuring my home with the same company?
  • How many claims can I have before being cancelled?
  • Is rental equipment covered for theft or damage?
  • Do I need higher collision deductibles?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

Insurance policy specifics

Understanding the coverages of insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Auto liability

This protects you from damages or injuries you inflict on a person or their property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like medical services, legal defense fees and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Collision coverage protection

This coverage covers damage to your E-Class resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, crashing into a building, crashing into a ditch, driving through your garage door and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz E-Class.

Due to the fact that many drivers carry very low liability coverage limits, 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. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive insurance

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as vandalism, theft, hitting a bird, damage from getting keyed and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for bills like pain medications, surgery, hospital visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Buy Smart and Save

Consumers change insurance companies for a number of reasons such as policy cancellation, not issuing a premium refund, policy non-renewal or even being labeled a high risk driver. Regardless of your reason for switching companies, switching companies is not as hard as you think.

As you shop your coverage around, make sure you don’t skimp on coverage in order to save money. In too many instances, drivers have reduced uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your strategy should be to get the best coverage possible at the lowest possible cost and still be able to protect your assets.

We covered a lot of techniques to shop for 2003 Mercedes-Benz E-Class insurance online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding low cost insurance coverage. You may be surprised to find that the best price on auto insurance is with a lesser-known regional company.

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