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

Trying to find the cheapest car insurance rates for your Mercedes-Benz E-Class? Finding better rates for car insurance is always challenging for consumers not familiar with comparison shopping online. You have so many options that it can quickly become a real challenge to locate the lowest price.

It’s a good idea to do rate comparisons yearly due to the fact that insurance rates tend to go up over time. If you had the lowest rates on E-Class insurance a couple years back the chances are good that you can find a lower rate today. So just block out anything you think you know about car insurance because you’re going to get a crash course in the proper way to find lower rates on car insurance.

Auto Insurance Prices

To find the best auto insurance prices, there are several ways to compare quotes and find the best price. One of the best ways to compare 2008 Mercedes-Benz E-Class insurance prices is to get quotes online. This can be done in just a few minutes using one of these methods.

  1. Probably the best way to find low rates is a comparison rater form click here to open form in new window. This method keeps you from doing repetitive form submissions for every auto insurance company. A single form gets rate comparisons from all major companies.It’s the quickest way to get rates.
  2. A slightly less efficient method to compare prices consists of visiting each company’s website and complete a new quote form. For sake of this example, we’ll assume you want rates from State Farm, Farmers and Travelers. You would have to go to every website to enter your coverage information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The least efficient way of getting rate comparisons is to drive around to and from local insurance agencies. Shopping for auto insurance online can eliminate the need for a local agent unless you require the trained guidance of a local agent. It is possible to obtain prices from the web but buy from a local insurance agent and we’ll cover that in a bit.

It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples information for each price quote. If you are comparing different values for each quote it will be very difficult to make an equal comparison. Slightly different limits may result in a large different in cost. And when comparison shopping, having more price comparisons will improve the odds of getting a lower rate.

Don’t be fooled by advertising claims

Insurance coverage providers like Progressive, Geico, Allstate and State Farm continually stream television and radio advertisements. They all make the same claim of big savings after switching to their company. How do they all claim to save you money?

All companies can use profiling for the type of driver that earns them a profit. For example, a desirable insured could possibly be over the age of 50, a clean driving record, and has excellent credit. A driver that hits that “sweet spot” will get the preferred rates and therefore will save when switching.

Consumers who are not a match for this ideal profile will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everyone that quotes” save that kind of money. That is how companies can truthfully claim big savings.

This emphasizes why you should get quotes from several different companies. It’s just too difficult to predict the company that will give you the biggest savings on Mercedes-Benz E-Class insurance.

Do you qualify for a discount?

Insurance can be prohibitively expensive, buy you may qualify for discounts that you may not know about. Some trigger automatically at the time of quoting, but some may not be applied and must be specially asked for prior to getting the savings.

  • No Accidents – Drivers with accident-free driving histories pay less when compared to accident-prone drivers.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can get savings of 20% or more.
  • Defensive Driving Course – Completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off your PIP or medical payments premium.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on E-Class insurance than less cautious drivers.
  • Anti-theft Discount – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in high school.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Resident Student – Children who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.

It’s important to note that some credits don’t apply to the overall cost of the policy. A few only apply to individual premiums such as liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will help reduce the cost of coverage.

A partial list of companies that may offer these money-saving discounts include:

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

What coverages do I need?

When it comes to buying the right insurance coverage, there really is not a “perfect” insurance plan. Each situation is unique.

For instance, these questions could help you determine whether your personal situation would benefit from professional advice.

  • Do I have newly-aquired coverage?
  • Does coverage extend to my business vehicle?
  • Is my state a no-fault state?
  • Does car insurance cover theft of personal property?
  • Do I need roadside assistance coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need more liability coverage?
  • Why is insurance for a teen driver so high?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Car insurance 101

Knowing the specifics of insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Collision coverage – This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like sideswiping another vehicle, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability coverages – This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as repair bills for other people’s vehicles, repair costs for stationary objects, emergency aid, court costs and medical expenses. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for expenses such as rehabilitation expenses, EMT expenses and doctor visits. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like fire damage, rock chips in glass, falling objects and a broken windshield. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Mercedes-Benz E-Class.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

One last thing

People change insurance companies for any number of reasons including high rates after DUI convictions, unfair underwriting practices, not issuing a premium refund or lack of trust in their agent. It doesn’t matter why you want to switch choosing a new insurance company can be easy and end up saving you some money.

As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. There are too many instances where someone dropped comprehensive coverage or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Cost effective 2008 Mercedes-Benz E-Class insurance is attainable both online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. A few companies don’t offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

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