Cheaper 1994 Mercedes-Benz E-Class Car Insurance Rates

Beginners to shopping for insurance online might discover purchasing cut-rate insurance nearly impossible.

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There are multiple methods you can shop for 1994 Mercedes-Benz E-Class insurance coverage but there is one way that is more efficient than others. You can waste hours talking to insurance companies in your area, or you can stay home and use online quotes to achieve your goal.

Most major companies participate in an industry program where prospective buyers submit their information once, and at least one company then gives them pricing based on the submitted data. This prevents consumers from doing quote forms for every insurance coverage company.

To find out how much you’re overpaying now click here (opens in new window).

One minor caviat to getting quotes like this is you can’t choose which carriers to get pricing from. So if you prefer to choose specific providers to compare prices, we put together a list of companies who write insurance coverage in your area. Click to view list.

However you get your quotes, make darn sure you compare identical coverages for each price quote. If you have different liability limits you will not be able to make a fair comparison for your Mercedes-Benz E-Class. Having just a slight variation in coverage limits could mean much higher rates. And when comparing insurance coverage rates, know that obtaining a wide range of quotes will improve the odds of getting a better price.

Are you getting all your discounts?

Insuring your fleet can be pricey, but there are discounts available that many people don’t even know exist. Certain discounts will be applied when you purchase, but some must be asked about before being credited.

  • New Car Discount – Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and qualify for as much as a 10% discount.
  • Life Insurance Discount – Select insurance companies reward you with a break if you buy life insurance.
  • Passive Restraints – Factory air bags can receive discounts of up to 25% or more.
  • Sign Online – Some insurance companies may give you up to $50 for buying your policy over the internet.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will bring down the cost of coverage.

Car insurance companies that may have these money-saving discounts are:

It’s a good idea to ask each company which discounts you may be entitled to. Some discounts might not apply everywhere.

When might I need an agent?

When buying coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions may help highlight whether you would benefit from professional advice.

  • What is the ISO rating for a 1994 Mercedes-Benz E-Class?
  • What should my uninsured motorist coverage limits be in my state?
  • Can I afford to pay high deductible claims out of pocket?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered if I drive in a foreign country?
  • How much liability do I need to cover my assets?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Impacting insurance rates for a Mercedes-Benz E-Class

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. Knowing what determines base rates empowers consumers to make smart changes that will entitle you to better car insurance rates.

The list below includes a few of the “ingredients” used by your company to calculate prices.

  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women cause accidents at a similar rate, but the males cause more damage. They also get cited for more serious violations such as DWI and reckless driving. Teenage male drivers tend to get in the most accidents and therefore have the most expensive car insurance rates.
  • Liability coverage protects you – The liability section of your policy is the coverage that protects you in the event that you are found to be at fault for damages caused by your negligence. It will provide legal defense coverage which can cost thousands of dollars. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Don’t get talked into coverage you don’t need – There are a lot of add-on coverages that can waste your money when buying car insurance. Things like roadside assistance, accident forgiveness and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you don’t need them remove them from your policy.
  • Pay less if you’re married – Getting married can actually save you money when buying car insurance. Marriage is viewed as being more mature and responsible and it’s proven that being married results in fewer claims.
  • Optional equipment can affect rates – Driving a car with a theft deterrent system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder car theft.
  • Bundling policies can get discounts – The majority of companies will award you with lower prices to policyholders who have multiple policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to compare rates to ensure the best deal. Consumers may find better rates by splitting coverages up.
  • Lower miles equals lower premium – The more miles you rack up on your Mercedes-Benz in a year the higher your rates will be. Most insurance companies rate vehicles based on how the vehicle is used. Cars and trucks left parked in the garage qualify for better rates than those used for commuting. Improper usage on your E-Class can result in significantly higher rates. Make sure your car insurance policy shows how each vehicle is driven.

Auto insurance 101

Knowing the specifics of a auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Collision coverages – Collision insurance pays for damage to your E-Class resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as sustaining damage from a pot hole, colliding with a tree, scraping a guard rail, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Liability coverage – Liability insurance protects you from damage or injury you incur to people or other property in an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like repair costs for stationary objects, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured and underinsured coverage – This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and 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. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are similar to your liability insurance amounts.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like hospital visits, funeral costs, EMT expenses and dental work. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – 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 insurance covers things like damage from flooding, fire damage and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Cheaper insurance is a realistic goal

You just learned a lot of tips how to compare 1994 Mercedes-Benz E-Class insurance prices online. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may discover the lowest premiums are with the smaller companies.

As you shop your coverage around, it’s not a good idea to reduce coverage to reduce premium. There are many occasions where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

Consumers leave their current company for a number of reasons such as being labeled a high risk driver, poor customer service, an unsatisfactory settlement offer or even policy non-renewal. Whatever your reason, switching companies is pretty simple and you could end up saving a buck or two.

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