9 Ways You Can Insure a Mercedes-Benz E420 For Less

Paying for high-priced Mercedes-Benz E420 insurance can drain your bank account and put the squeeze on your family’s finances. Comparison shopping is a smart way to help make ends meet. With consumers having so many different company options, it is hard for the average consumer to choose the right insurer.

You should take the time to do rate comparisons periodically since insurance rates are constantly changing. Even if you think you had the best rates for E420 coverage a year ago you can probably find a better price now. You’ll find quite a bit of inaccurate information about car insurance online, so by reading this article, you’re going to learn some excellent ideas to slash your car insurance rates.

This information will teach you how to effectively get price quotes and some money-saving tips. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these tips. Consumers only need to know the tricks to get comparison quotes over the internet.

Don’t overlook these nine discounts

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of purchase, but a few need to be specifically requested prior to getting the savings. If you don’t get every credit you qualify for, you are throwing money away.

• Discount for New Cars – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
• Defensive Driving Course – Completing a driver safety course could cut 5% off your bill if your company offers it.
• Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for E420 coverage than drivers with accidents.
• Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
• Seat Belt Usage – Drivers who require all occupants to wear their seat belts can save up to 15% off your medical payments premium.
• Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz could be rewarded with lower rates on the low mileage vehicles.
• Early Switch Discount – Some companies give discounts for signing up before your current expiration date. It’s a savings of about 10%.
• Federal Government Employee – Active or retired federal employment can save as much as 8% for E420 coverage with a few car insurance companies.
• Paperless Signup – A handful of insurance companies will give a small break simply for signing digitally online.

It’s important to understand that many deductions do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates all the discounts add up to a free policy, you’re out of luck. Any qualifying discounts will cut the amount you have to pay.

To choose insurers with the best car insurance discounts, follow this link.

Compare Car Insurance Costs

Reducing your insurance rates is not a difficult process. The only thing you need to do is spend a little time to compare rate quotes provided by online insurance companies. This can be done in a couple of different ways.

• The easiest and least time consuming way to get the best comparison quotes is to use a rate comparison form click here to open form in new window. This form prevents you from having to do separate quotation requests to each individual car insurance company. One form gets you coverage quotes from multiple low-cost companies.
• A harder way to analyze rates requires visiting the website for every company you want to comare and request a quote. For instance, let’s assume you want comparison quotes from State Farm, 21st Century and American Family. To get each rate you have to go to every website to enter your coverage information, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, double check that you are using apples-to-apples deductibles and coverage limits on every quote. If you have mixed coverages you will not be able to determine which rate is truly the best.

Car insurance ads bend the truth

Consumers constantly see and hear ads for cheaper car insurance by companies like Allstate and Progressive. They all have a common claim that you can save if you switch to them.

But how can every company make almost identical claims?

All companies have a certain “appetite” for the type of customer that is profitable for them. An example of a preferred risk might be a mature driver, owns a home, and has a high credit rating. A customer getting a price quote who meets those qualifications gets the lowest rates and as a result will probably save when switching.

Consumers who don’t measure up to this ideal profile will be charged higher premiums and ends up with business not being written. The ad wording is “customers who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can confidently advertise the savings.

That is why it’s extremely important to compare many company’s rates. You cannot predict the company that will have the lowest rates.

Car insurance coverages explained

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages available from car insurance companies.

Liability insurance

This will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you against claims from other people, 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. Your policy might show liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as repair bills for other people’s vehicles, legal defense fees, court costs and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for surgery, chiropractic care, doctor visits, prosthetic devices and hospital visits. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz E420.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as crashing into a ditch, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive coverages

This pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, vandalism, a tree branch falling on your vehicle, damage from a tornado or hurricane and falling objects. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Quote more, save more

Low-cost Mercedes-Benz E420 insurance can be purchased online in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

When you buy insurance online, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, drivers have reduced liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to buy enough coverage at the best price while still protecting your assets.