Proven Techniques to Lowering Your Mercedes-Benz 500E Insurance Rates

Have you had enough of not being able to afford to buy car insurance? You are in the same boat as millions of other consumers.

Multiple car insurance companies compete for your business, so it can be very hard to choose a insurance company to find the lowest rate

If you are paying for car insurance now, you stand a good chance to be able to save some money using this strategy. Finding affordable coverage is not rocket science. But drivers do need to understand how big insurance companies market insurance on the web and use this information to your advantage.

Quick Auto Insurance Quotes

The are a couple different ways of comparing price quotes from local auto insurance companies. The fastest way to find competitive Mercedes-Benz 500E insurance rates is to perform an online rate comparison. This can be done in just a few minutes using one of these methods.

The first (and easiest) way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This method keeps you from doing repetitive form submissions for each company you want a rate for. One simple form gets you price quotes from several companies.
A harder way to obtain and compare quotes online consists of going to the website of each company and complete a new quote form. For instance, we’ll pretend you want rates from Allstate, Farmers and State Farm. To find out each rate you need to visit each site and enter your information, which is why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
The most time-consuming method of comparing rate quotes is driving around to local insurance agencies. Buying insurance online can eliminate the need for a local agent unless you have a need for the professional advice of a local agent. However, consumers can find lower rates online and still use a local agent and you’ll learn how to do that later.

It’s your choice how you get your quotes, but be sure to compare identical deductibles and coverage limits for each comparison quote. If you are comparing different values for each quote you will not be able to make a fair comparison for your Mercedes-Benz 500E. Quoting even small variations in coverage limits can result in a big premium difference. And when comparing auto insurance rates, know that more quotes provides better odds of finding better pricing.

Do you qualify for discounts?

Companies that sell car insurance don’t always list every discount very well, so we break down both well-publicized and the more hidden savings tricks you should be using.

No Claims – Claim-free drivers pay much less when compared with drivers who are more careless.
Discount for Good Grades – Performing well in school can earn a discount of 20% or more. This discount can apply up to age 25.
Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper since new cars are generally safer.
Federal Government Employee – Active or retired federal employment could cut as much as 10% off on 500E coverage with certain companies.
Bundle and Save – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
Drive Less and Save – Low mileage vehicles can qualify you for a substantially lower rate.
Organization Discounts – Being a member of a qualifying organization may earn a discount on auto insurance on 500E coverage.
Seat Belt Usage – Drivers who require all occupants to use a seat belt can save up to 15% off the personal injury premium cost.

Keep in mind that most discount credits are not given to the entire cost. Some only apply to individual premiums such as comp or med pay. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.<img class="alignright" style="padding-top:15px;" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/ci175-33.jpg" alt=" insurance quotes“/>

To see a list of insurers offering auto insurance discounts, click here to view.

Are insurance agents a thing of the past?

Certain consumers would prefer to sit down with an agent and that is just fine! The biggest benefit of comparing insurance prices online is the fact that you can find better rates and still have an agent to talk to.

To find an agent, once you fill out this form (opens in new window), your information is emailed to local insurance agents who will compete to get your business. There is no reason to leave your house due to the fact that quote results will go straight to your inbox. Now that’s easy! You can find better rates and work with a local agent.

Selecting an insurance company needs to be determined by more than just the bottom line cost. Any agent should have no problem answering these questions:

How are they compensated?
How much can you save by raising your physical damage deductibles?
What insurance company do they write the most business with?
Do they assist clients in filing claims?
How often do they review policy coverages?
Do they feel the quoted coverages are adequate?
Did they already check your driving record and credit reports?

Pick the best insurance agent for you

When looking for a good insurance agent, there are two types of agencies to choose from. agents are categorized either independent (non-captive) or captive.

Captive Insurance Agents

Captive agencies can only write with one company like State Farm or Allstate. Captives cannot place coverage with different providers so they have no alternatives for high prices. These agents are very knowledgeable on the products they sell which helps them compete with independent agents.

Independent Agencies or Brokers

Independent agents are not required to write business for one company so they have the ability to put coverage with lots of companies and potentially find a lower price. To transfer your coverage to a different company, they simply move the coverage in-house and you don’t have to find a new agent. When shopping rates, you should always get quotes from multiple independent agents for the best price selection.

For a full directory of insurance agencies, click here.

Once you have received positive feedback as well as a affordable price, you have narrowed it down to an insurance agent that will service your policy.

Keep this in mind

While you’re price shopping online, don’t be tempted to buy less coverage just to save a little money. Too many times, someone dropped full coverage to discover at claim time that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

Budget-conscious Mercedes-Benz 500E insurance is possible on the web and also from your neighborhood agents, so compare prices from both to get a complete price analysis. Some auto insurance companies may not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.