2002 Mercedes-Benz E-Class Insurance Cost

Searching for better auto insurance rates for your Mercedes-Benz E-Class? Overpriced Mercedes-Benz E-Class insurance can empty your bank account and make it tough to pay other bills. Performing a price comparison is a fast and free way to lower your monthly bill.

Having so many options when it comes to auto insurance, it can be diffult for people to find a more affordable auto insurance company.

Consumers should take time to get comparison quotes before your policy renews because auto insurance prices are constantly changing. If you had the best price on E-Class insurance two years ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re about to learn the proper way to properly buy coverages while reducing your premium.

How to shop insurance online

To find cheap car insurance quotes, there are several ways to compare prices from different companies. The best method to do a complete rate comparison is to use the internet to compare rates. It is quite easy and can be accomplished using a couple different methods.

The easiest and least time consuming way to get quotes for comparison is to use a rate comparison form click to view form in new window. This type of form eliminates the need for multiple quote forms for every company. Completing one form gets you price quotes from multiple companies.

Another way to analyze rates is going to each individual company website and fill out their own quote form. For example, let’s assume you want to compare prices for Geico, Progressive and Allstate. In order to compare rates, you need to visit each site and enter your policy data, which is why first method is reommended. To view a list of companies in your area, click here.

The old school method to do your price quoting is making phone calls or going to local insurance agencies. Comparing rates online has reduced the need for local agents unless you prefer the professional abilities that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to get the lowest quotes online and get advice from an agent in your area.

Which method you use is up to you, but compare apples-to-apples deductibles and coverage limits for every quote you compare. If each company quotes different values for each quote it will be impossible to get a fair rate comparison. Quoting even small variations in limits can result in a big premium difference. Just keep in mind that comparing a large number of companies provides better odds of finding a lower rate than you’re paying now.

Discounts can really help to save

Companies offering auto insurance don’t list every discount they offer in an easy-to-find place, so the next list breaks down a few of the more common as well as the least known ways to save on auto insurance.

Organization Discounts – Being a member of specific professional or occupational memberships or organizations may earn a discount on your policy.
Good Student – Getting good grades can save 20 to 25%. Earning this discount can benefit you until age 25.
Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up can save up to 15% on medical payment and PIP coverage.
Renewal Discounts – Some insurance companies reward drivers for switching to them prior to your current policy expiration. Ten percent is about the average savings.
Policy Bundle Discount – If you insure your home and vehicles and place coverage with the same company you may save at least 10 to 15 percent or more.
College Student – College-age children living away from home attending college and do not take a car to college may be insured at a cheaper rate.

One last thing about discounts, some credits don’t apply to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way.

If you would like to see a list of insurance companies that provide some of the discounts listed above, follow this link.

Will just any policy work for me?

When choosing the right insurance coverage, there is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions may help highlight whether you may require specific advice.

Why do I only qualify for high-risk insurance?
Do I need an umbrella policy?
Should I put collision coverage on all my vehicles?
Will my vehicle be repaired with OEM or aftermarket parts?
What is covered by UM/UIM coverage?
Do I have coverage when making deliveries for my home business?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverages and their meanings

Learning about specific coverages of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like emergency aid, medical services and medical expenses. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, fire damage, falling objects and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Mercedes-Benz E-Class.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for collisions

Collision insurance pays for damage to your E-Class caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as scraping a guard rail, crashing into a building, driving through your garage door, hitting a parking meter and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for ambulance fees, doctor visits, surgery and dental work. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage