How Much Does 2008 Mercedes-Benz E-Class Insurance Cost?

Are you confused by the dozens of auto insurance choices? You’re not the only one! You have so many companies to choose from that it can easily become a lot of work to compare prices.

It’s important to compare prices quite often because insurance rates are usually higher with each renewal. If you had the lowest rates on E-Class coverage six months ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because we’re going to demonstrate one of the best ways to find better coverage at a better price.

If you have car insurance now, you will most likely be able to cut costs considerably using these techniques. The purpose of this article is to introduce you to the best way to quote coverages and some tricks to saving. But car owners must comprehend the way companies market on the web because it can help you find the best coverage.

Factors determining your Mercedes-Benz E-Class insurance premium

Smart consumers have a good feel for the factors that play a part in calculating car insurance rates. Understanding what impacts premium levels empowers consumers to make smart changes that will entitle you to big savings.

Shown below are a few of the “ingredients” used by your company to calculate prices.

  • Do you have a high stress job? – Occupations like real estate brokers, architects and financial analysts are shown to have higher average rates because of high stress levels and lots of time spent at work. Conversely, occupations like actors, engineers and the unemployed pay the least on E-Class coverage.
  • Save money with special equipment – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping car theft.
  • Tickets mean higher rates – Careful drivers get better rates than people who have multiple driving citations. Even a single ticket can boost insurance rates twenty percent or more. If you have severe violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Do you need those extra coverages? – There are a lot of additional coverages that can waste your money when buying car insurance. Coverages for personal injury protection, accident forgiveness and additional equipment coverage are some examples. These may sound like a good investment at first, but now you might not need them so eliminate them to save money.

Insurance Prices

There are a variety of methods you can shop for 2008 Mercedes-Benz E-Class insurance and some are less labor-intensive and much quicker. You could waste a few hours driving to insurance agencies in your area, or you could use the web to get pricing more quickly.

Most car insurance companies take part in a program where insurance shoppers only type in their quote data once, and every company can provide price quotes based on that information. This eliminates the need for form submissions for each company you want a rate for.

To compare 2008 Mercedes-Benz E-Class rates using this form now click here to start a free quote.

The one disadvantage to comparing rates this way is that you can’t choose which carriers to get quotes from. So if you want to select individual companies to receive pricing from, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but double check that you are using identical coverage information for each comparison quote. If you enter different liability limits it’s not possible to determine the lowest rate for your Mercedes-Benz E-Class. Slightly different coverages could mean much higher rates. And when comparing insurance rates, know that having more price comparisons will enable you to find lower pricing.

Save $413 a year? Really?

Progressive, GEICO, Allstate and State Farm continually stream ads on TV and radio. All the companies say the same thing that you can save after switching your policy. But how can every company claim to save you money? This is how they do it.

Different companies have a preferred profile for the driver that is profitable for them. An example of a desirable insured could be between the ages of 30 and 50, has no prior claims, and has a high credit rating. A propective insured who matches those parameters will get the preferred rates and therefore will save a lot of money.

Consumers who fall outside the “perfect” profile will be quoted a higher premium and this can result in business not being written. The ads state “drivers who switch” not “everybody who quotes” save that much money. That is how companies can truthfully claim big savings. This emphasizes why drivers must get as many comparisons as possible. It’s just too difficult to predict which insurance company will provide you with the cheapest Mercedes-Benz E-Class insurance rates.

Discounts are great for lower rates

Auto insurance companies do not advertise all their 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.

  • Own a Home – Being a homeowner may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • Sign Online – Some insurance companies will discount your bill up to fifty bucks simply for signing on their website.
  • Life Insurance – Some companies give lower rates if you buy a life insurance policy as well.
  • Driver Safety – Taking part in a course teaching defensive driving skills could save 5% or more and easily recoup the cost of the course.
  • Senior Discount – Older drivers may be able to get a discount up to 10% on E-Class coverage.
  • Early Signing – Some insurance companies reward drivers for switching to them before your current expiration date. This can save 10% or more.
  • Clubs and Organizations – Participating in a qualifying organization could qualify you for a break on your policy on E-Class coverage.
  • No Charge for an Accident – Certain companies will allow you to have one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Discount for New Cars – Insuring a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Before buying, ask every prospective company what discounts are available to you. All car insurance discounts might not be offered everywhere.

You may need specialized coverage

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions may help highlight if you will benefit from professional help.

  • Do I need added coverage for expensive stereo equipment?
  • When should I remove comp and collision on my 2008 Mercedes-Benz E-Class?
  • Is my camper covered by my car insurance policy?
  • Do I need an umbrella policy?
  • Do I have coverage when pulling a U-Haul trailer?
  • What is the rate difference between pleasure use and commuting?
  • Do I have coverage when making deliveries for my home business?
  • Is my custom paint covered by insurance?
  • When would I need rental car insurance?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Educate yourself about insurance coverages

Learning about specific coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability auto insurance

This coverage provides protection from damage or injury you incur to other people or property. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims like medical expenses, legal defense fees, structural damage, repair costs for stationary objects and medical services. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Coverage for collisions

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

Collision can pay for things like driving through your garage door, backing into a parked car, colliding with a tree, hitting a parking meter and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.

Coverage for uninsured or underinsured drivers

This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your 2008 Mercedes-Benz E-Class.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Med pay and PIP coverage kick in for bills for things like funeral costs, rehabilitation expenses, ambulance fees and doctor visits. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like fire damage, hail damage, damage from a tornado or hurricane, vandalism and hitting a bird. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

A fool and his money are soon parted

Low-cost 2008 Mercedes-Benz E-Class insurance can be found from both online companies as well as from independent agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies don’t offer you the ability to get quotes online and these regional insurance providers work with independent agents.

As you prepare to switch companies, you should never skimp on coverage in order to save money. There are too many instances where someone sacrificed uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

We just presented some good ideas how to get a better price on insurance. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. You may even discover the lowest premiums are with some of the smallest insurance companies.

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