Compare 1999 Mercedes-Benz E55 AMG Car Insurance Cost

Purchasing the lowest cost car insurance on the web can seem to be somewhat difficult for consumers new to buying insurance online. With such a large number of insurers to choose from, how can consumers possibly compare the different rates to find the lowest price?

Finding affordable coverage is not that difficult. Essentially anyone who carries car insurance should be able to cut their insurance bill. Nevertheless, car owners do need to know how insurance companies market on the web and use this information to your advantage.

Discounts are basically free money

Car insurance companies don’t always publicize all available discounts in a way that’s easy to find, so here is a list some of the more common and also the lesser-known ways to save on car insurance.

  • Auto/Home Discount – If you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Organization Discounts – Belonging to a civic or occupational organization could trigger savings when shopping for car insurance on E55 AMG coverage.
  • Sign Online – Some insurance companies give back up to $50 for buying a policy and signing up over the internet.
  • Federal Employees – Active or retired federal employment can save as much as 8% on E55 AMG coverage with certain companies.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts could save 15% off your medical payments premium.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on E55 AMG coverage than less cautious drivers.

Keep in mind that most discounts do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as medical payments or collision. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

For a list of companies with the best car insurance discounts, click this link.

Mercedes-Benz E55 AMG premiums are determined by many factors

It’s important that you understand the factors that help determine your car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that could result in better car insurance rates.

  • Do you work long hours in a high stress job? – Did you know your job can affect your rates? Occupations like doctors, executives and dentists tend to pay the highest average rates attributed to high stress and long work days. Other professions such as scientists, historians and performers have the lowest average rates on E55 AMG coverage.
  • Marriage brings a discount – Getting married can get you a discount when buying car insurance. Having a spouse translates into being more responsible and statistics show married couples file fewer claims.
  • Multi-policy discounts can save money – The majority of car insurance companies give discounts to insureds who consolidate policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount you may still want to comparison shop to ensure the best deal.
  • Liability coverage is peace of mind – The liability section of your policy will protect you if ever a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.

Which insurance is the “right” coverage?

When it comes to choosing coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different.

These are some specific questions may help highlight whether your personal situation will benefit from professional help.

  • Am I covered if my car is in a flood?
  • Is my custom paint covered by insurance?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is rental equipment covered for theft or damage?
  • When would I need rental car insurance?
  • Do I really need UM/UIM coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Save $388 a year? Really?

Car insurance providers like 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. They all make the same claim of big savings if you switch your coverage to them. But how can every company say the same thing?

All the different companies are able to cherry pick for the right customer that is profitable for them. For instance, a desirable insured could be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any new insured who matches those parameters will get the preferred rates and as a result will probably cut their rates substantially.

Drivers who do not match the “perfect” profile must pay a higher premium and this can result in business going elsewhere. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way insurance companies can confidently make those claims. This illustrates why it’s extremely important to get quotes from several different companies. Because you never know which car insurance company will provide you with the cheapest Mercedes-Benz E55 AMG insurance rates.

What insurance coverages do you need?

Knowing the specifics of your policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you 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 1999 Mercedes-Benz E55 AMG.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as prosthetic devices, hospital visits, doctor visits, X-ray expenses and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, vandalism, hitting a deer, hitting a bird and theft. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

Collision insurance will pay to fix damage to your E55 AMG caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a building, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Liability

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

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits 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 property damage coverage for $25,000.

Liability insurance covers claims like funeral expenses, medical expenses, court costs, medical services and loss of income. How much coverage you buy is your choice, but you should buy as large an amount as possible.

More comparisons equals lower rates

Drivers switch companies for any number of reasons including delays in paying claims, lack of trust in their agent, an unsatisfactory settlement offer or even being labeled a high risk driver. No matter why you want to switch, finding the right insurance provider is pretty simple and you could end up saving a buck or two.

You just learned a lot of information how to reduce 1999 Mercedes-Benz E55 AMG insurance prices online. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. You may even discover the biggest savings come from some of the lesser-known companies.

As you go through the steps to switch your coverage, it’s very important that you do not buy poor coverage just to save money. There have been many situations where consumers will sacrifice full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

For more information, link through to these articles: