Lower Your 2001 Mercedes-Benz E-Class Car Insurance Rates

If shopping for insurance online is new to you, it’s easy to get overwhelmed because of the huge number of companies selling insurance.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this information. Finding the cheapest coverage can be fairly easy. But drivers need to learn how the larger insurance companies market insurance on the web.

Discounts are great for lower rates

Car insurance can cost a lot, but companies offer discounts that you may not know about. A few discounts will automatically apply when you get a quote, but a few need to be specifically requested prior to receiving the credit.

  • Save with a New Car – Insuring a new car can cost up to 25% less compared to insuring an older model.
  • No Accidents – Good drivers with no accidents can earn big discounts when compared with accident-prone drivers.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% for E-Class coverage with select insurance companies.
  • Multi-car Discount – Insuring more than one vehicle on one policy qualifies for this discount.
  • Auto/Home Discount – If you have multiple policies with the same company you may earn at least 10% off all policies.
  • Accident Waiver – A few companies will allow you to have one accident before your rates go up if you are claim-free for a set time period.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Military Rewards – Having a family member in the military may qualify for rate reductions.
  • Defensive Driving Course – Completing a driver safety course could possibly earn you a 5% discount if your company offers it.

It’s important to note that many deductions do not apply to the entire policy premium. Most cut individual premiums such as collision or personal injury protection. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will bring down the cost of coverage.

To see a list of providers offering insurance coverage discounts, click here to view.

Quick Auto Insurance Quotes

When shopping for auto insurance there are multiple ways of comparing rate quotes and find the best price. The fastest way to find the cheapest 2001 Mercedes-Benz E-Class insurance rates is to use the internet to compare rates. This can be done using a couple different methods.

  • The first (and easiest) way to find the lowest comparison rates would be an industry-wide quote request form (click to open form in new window). This method prevents you from having to do multiple quote forms for every auto insurance company. A single form gets rate comparisons direct from many companies. It’s definitely the quickest method.
  • A less efficient way to compare prices consists of visiting each company’s website to complete their respective quote request forms. For example, we’ll pretend you want to compare Liberty Mutual, Esurance and State Farm. To find out each rate you need to go to every website and enter your policy data, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.
  • The most time-consuming way of getting rate comparisons is to drive around to and from local insurance agencies. The internet makes this process obsolete unless you require the trained guidance only provided by licensed agents. Drivers can find lower rates online and still use a local agent and we’ll touch on that later.

It’s up to you which method you use, but double check that you are using exactly the same coverages and limits on every quote. If you enter different deductibles it’s impossible to truly determine the lowest rate. Quoting even small variations in coverages may cause a big price difference. Just keep in mind that getting more free quotes helps you find the best offered rates.

Factors that can influence insurance rates for a Mercedes-Benz E-Class

Smart consumers have a good feel for the rating factors that play a part in calculating the price you pay for insurance coverage. Understanding what determines base rates helps enable you to make changes that may reward you with much lower annual insurance costs.

  • Multiple policies with one company can save – Many companies provide better rates to people who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to compare other company rates to ensure the best deal.
  • Equipment add-ons that lower insurance coverage rates – Owning a car with anti-theft technology or alarm system can get you a discount on your insurance coverage. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • Don’t cancel a policy without a new one in place – Allowing your insurance coverage policy to lapse will be a fast way to pay more for insurance coverage. And not only will insurance be more expensive, but being ticketed for driving with no insurance might get you a steep fine or even jail time.
  • Keep rates low by being claim-free – Insurance companies provide discounts to people who do not file claims often. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Extra coverages can waste money – There are a ton of extra bells and whistles that you can get tricked into buying on your insurance coverage policy. Things like rental car reimbursement, accidental death and membership fees are examples of these. They may seem like a good idea when talking to your agent, but your needs may have changed so remove them from your policy.
  • Your stress level may be raising your rates – Did you know your insurance coverage rates can be affected by your occupation? Occupations like real estate brokers, architects and stock brokers tend to pay the highest rates due to job stress and long work hours. On the other hand, occupations like farmers, students and homemakers have the lowest average rates for E-Class coverage.
  • Older drivers pay less – Young drivers have a tendency to be more careless behind the wheel so they pay higher insurance coverage rates. If you’ve ever had to add a young driver onto a policy can really hurt. Older drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Better crash test results mean better rates – Vehicles with high crash test scores tend to have better insurance rates. These vehicles result in less severe injuries and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your Mercedes-Benz has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

You may need specialized coverage

When buying adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For example, these questions may help highlight whether or not you could use an agent’s help.

  • Does insurance cover damages from a DUI accident?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Does medical payments coverage apply to all occupants?
  • How much liability do I need to cover my assets?
  • Am I covered if I break a side mirror?
  • How do I buy GAP insurance?
  • Can I afford to buy a different vehicle if my 2001 Mercedes-Benz E-Class is totaled?
  • Should I buy full coverage?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form.

Don’t listen to company ads

Progressive, Allstate and Geico consistently run ads in print and on television. All the companies make the same claim about savings if you change to them. How do they all say the same thing? This is how they do it.

All the different companies have a preferred profile for the driver that is profitable for them. An example of a driver they prefer might be between 30 and 50, owns a home, and chooses high deductibles. Any new insured that hits that “sweet spot” is entitled to the best price and most likely will save when they switch companies.

Consumers who don’t measure up to the “perfect” profile will have to pay more money which leads to the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently claim big savings.

Because of the profiling, drivers should get as many quotes as possible. It’s just too difficult to predict the company that will provide you with the cheapest Mercedes-Benz E-Class insurance rates.

Auto insurance coverage breakdown

Learning about specific coverages of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Collision protection

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

Collision coverage pays for things like crashing into a building, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability

Liability insurance provides protection from damage or injury you incur to a person or their property by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for 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. As an example, you may have limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like funeral expenses, pain and suffering, legal defense fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hail damage, damage from a tornado or hurricane and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for immediate expenses for funeral costs, hospital visits and surgery. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz E-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are set the same as your liablity limits.

Smart shoppers get results

Discount 2001 Mercedes-Benz E-Class insurance can be sourced on the web and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance coverage companies may not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

Drivers change insurance companies for many reasons like denial of a claim, poor customer service, being labeled a high risk driver and even policy non-renewal. No matter why you want to switch, switching companies is not as hard as you think.

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at a price you can afford while not skimping on critical coverages.

More detailed insurance coverage information is available in these articles: