How Much Does 2004 Mercedes-Benz E-Class Car Insurance Cost?

Trying to find the cheapest insurance coverage rates for your Mercedes-Benz E-Class? Are you sick and tired of not being able to afford to pay your car insurance bill each month? You’re in the same situation as many other drivers. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate all claim big savings with ads and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.

Consumers need to compare rates periodically since rates change frequently. Despite the fact that you may have had the best price on E-Class insurance six months ago you will most likely find a better rate today. You’ll find quite a bit of inaccurate information about insurance coverage on the internet, so we’re going to give you a lot of great tips on how to quit paying high insurance coverage rates.

Best discounts on 2004 Mercedes-Benz E-Class coverage

Companies offering auto insurance don’t always list all available discounts in a way that’s easy to find, so we took the time to find some of the more common and the more hidden savings tricks you should be using. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz can qualify you for a substantially lower rate.
  • Defensive Driver – Taking a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less on E-Class insurance than drivers with accident claims.
  • Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you can actually save on your bill.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.

It’s important to note that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like you could get a free car insurance policy, it just doesn’t work that way.

Insurance companies that possibly offer these discounts are:

Before buying, ask each company how you can save money. Savings might not apply in your area.

How to Lower Your Insurance Coverage Cost

Shopping for lower insurance coverage rates can be a lot of work if you don’t know the most efficient way. You can spend countless hours driving to agents in your area, or you could use online quotes to get the quickest rates.

Most major companies participate in an industry program where insurance shoppers submit their information once, and at least one company then gives them pricing based on the submitted data. This saves time by eliminating quote requests to every company.

To enter your information into the quoting system, click here to start a free quote.

The only drawback to getting quotes like this is you don’t know exactly which carriers you want to price. If you wish to select from a list of companies to compare prices, we have a page of companies who write insurance coverage in your area. Click to view list.

It’s up to you how you get prices quotes, just double check that you are using identical deductibles and coverage limits on every quote you get. If you use different values for each quote then you won’t be able to truly determine the lowest rate.

Why your Mercedes-Benz E-Class insurance rates may be high

An important part of buying insurance is that you know the factors that go into determining your insurance coverage rates. Understanding what controls the rates you pay empowers consumers to make smart changes that could result in better insurance coverage rates.

  • A lapse in coverage is a bad thing – Driving without insurance is illegal and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a license revocation or jail time.You may have to prove you have insurance by filing a SR-22 with your state DMV.
  • More claims means more premium – If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Companies generally give discounts to insureds who are claim-free. Auto insurance is intended for larger claims.
  • A clean driving record saves money – Your driving record has a big impact on rates. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Even a single citation can bump up the cost by twenty percent. Drivers who get severe violations such as DUI or reckless driving may be required to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Multi-policy discounts can save money – Most insurance coverage companies give discounts to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. If you currently are using one company, it’s in your best interest to compare rates to confirm you are receiving the best rates possible.
  • Poor credit can mean higher rates – Having a bad credit rating is a huge factor in determining your rates. Consumers who have high credit ratings tend to be less risk to insure than drivers with lower credit scores. Therefore, if your credit score can use some improvement, you could save money insuring your 2004 Mercedes-Benz E-Class by improving your rating.
  • Better crash test results mean better rates – Vehicles with high crash test scores can get you lower premiums. The safest vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Mercedes-Benz earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Being married is a good thing – Having a spouse can get you a discount on your policy. Having a significant other usually means you are more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Battle of the sexes – The statistics show that women are safer drivers than men. However, this does not mean men are worse drivers. Both sexes cause accidents in similar percentages, but the men have costlier accidents. Men also statistically have more aggressive citations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can aid in determining if your situation would benefit from professional advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Is my teenager covered with friends in the car?
  • Does insurance cover damages from a DUI accident?
  • Do I really need UM/UIM coverage?
  • Am I getting all the discounts available?
  • Should I carry comprehensive and collision coverage?
  • What happens if I owe more than my 2004 Mercedes-Benz E-Class is worth?
  • Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Can you really save $432 a year?

Consumers can’t get away from ads that promise big savings from the likes of State Farm, Allstate and GEICO. All the companies say the same thing about savings if you change your coverage to them.

But how can every company make the same claim?

Different companies have a certain “appetite” for the right customer that is profitable for them. An example of a desirable insured might be between 25 and 40, has no tickets, and has a high credit rating. A customer getting a price quote who meets those qualifications will get the preferred rates and as a result will probably cut their rates substantially.

Consumers who are not a match for the “perfect” profile must pay higher premiums and this can result in business going elsewhere. The ads say “customers that switch” not “everyone that quotes” save that much money. That is how companies can advertise the savings. This illustrates why drivers should compare many company’s rates. Because you never know which auto insurance company will give you the biggest savings on Mercedes-Benz E-Class insurance.

Coverages available on your insurance policy

Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring. These are the usual coverages available from insurance companies.

Liability coverages

This will cover damage that occurs to other’s property or people by causing an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like medical services, medical expenses, bail bonds, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, a broken windshield, rock chips in glass, fire damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a ditch, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Mercedes-Benz E-Class.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like hospital visits, EMT expenses and doctor visits. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Shop smart and save

When you buy insurance online, never reduce needed coverages to save money. There have been many cases where drivers have reduced liability limits or collision coverage only to regret at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

We covered a lot of techniques to reduce 2004 Mercedes-Benz E-Class insurance prices online. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. You may even find the most savings is with the smaller companies. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate or State Farm.

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