Want lower insurance rates for your Mercedes-Benz E-Class? Do you think you bought an overpriced insurance policy? It’s a common feeling and you’re not alone.
Due to the fact that there are so many options, it can be challenging to find the right insurance provider.
Consumers need to get comparison quotes periodically because insurance rates are usually higher with each renewal. Just because you found the best deal on E-Class insurance a year ago you may be paying too much now. Block out anything you think you know about insurance because I’m going to teach you the fastest and easiest way to properly buy coverages and cut your premium.
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that you may not even know about. A few discounts will automatically apply when you get a quote, but less common discounts must be specifically requested prior to getting the savings. If you don’t get every credit you qualify for, you could be getting lower rates.
A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride. But any discount will definitely reduce your overall premium however.
For a list of insurance companies that offer some of these discounts, click here.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique so this has to be addressed. For example, these questions could help you determine if you might need an agent’s assistance.
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Knowing the specifics of your insurance policy helps when choosing the right coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages offered by insurance companies.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as surgery, prosthetic devices, EMT expenses, chiropractic care and doctor visits. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as theft, rock chips in glass, fire damage, a broken windshield and hail damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverages – This coverage will pay to fix damage to your E-Class from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as sideswiping another vehicle, colliding with another moving vehicle, crashing into a building, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.
Liability coverages – This will cover damage or injury you incur to other people or property that is your fault. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit without having the split limit caps.
Liability insurance covers claims such as repair bills for other people’s vehicles, repair costs for stationary objects, medical services and bail bonds. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.
When getting insurance quotes online, never reduce needed coverages to save money. In many cases, an insured cut physical damage coverage only to regret that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage for the lowest price.
In this article, we covered many tips how you can lower your 2008 Mercedes-Benz E-Class insurance premium rates. The key thing to remember is the more you quote insurance, the higher your chance of finding inexpensive insurance. You may even discover the best premium rates are with a smaller regional carrier. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Geico and State Farm.
Additional auto insurance information can be found on the following sites: