Mercedes-Benz E500 Insurance – 5 Tricks to Better Rates

Mercedes-Benz E500 Insurance – 5 Tricks to Better Rates

Trying to find the cheapest insurance for a new or used Mercedes-Benz E500 can turn out to be difficult, but you can use the following methods to find lower rates.

There is a better way to shop for car insurance and you need to know the best way to price shop coverage on a Mercedes-Benz and locate the lowest price from local insurance agents and online providers.

You may qualify for discounts

Companies offering auto insurance do not list all possible discounts very well, so the following is a list of both the well known as well as the least known credits available to lower your premiums when you .

  • Membership in Organizations – Having an affiliation with qualifying employment or professional organizations can get you a small discount on car insurance.
  • Home Ownership Discount – Just owning your own home can save you money because of the fact that having a home is proof that your finances are in order.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up before driving can save a little on the medical payments or PIP coverage costs.
  • Accident Free – Drivers with accident-free driving histories get the best car insurance rates compared to bad drivers.
  • Student Discounts – Maintaining excellent grades may save you up to 25%. The discount lasts up to age 25.

Discounts save money, but please remember that most credits do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like you could get a free car insurance policy, companies don’t profit that way.

A few of the larger companies and a selection of discounts are shown below.

  • Farm Bureau may have discounts that include multi-vehicle, youthful driver, good student, driver training, renewal discount, multi-policy, and 55 and retired.
  • MetLife discounts include good driver, multi-policy, good student, defensive driver, accident-free, claim-free
  • Progressive may include discounts for continuous coverage, multi-vehicle, multi-policy, online quote discount, online signing, homeowner, and good student.
  • AAA policyholders can earn discounts including good driver, multi-policy, education and occupation, pay-in-full, multi-car, and AAA membership discount.
  • American Family offers discounts including bundled insurance, air bags, early bird, mySafetyValet, and good student.
  • GEICO has discounts for multi-vehicle, daytime running lights, emergency military deployment, driver training, seat belt use, anti-lock brakes, and military active duty.
  • State Farm includes discounts for good driver, Drive Safe & Save, passive restraint, defensive driving training, anti-theft, multiple autos, and student away at school.

When quoting, ask every insurance company which discounts can lower your rates. Some credits may not be available in your area. To view insurers who offer discounts, click this link.

There’s no such thing as the perfect car insurance policy

When it comes to choosing proper insurance coverage, there really is no “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that might help in determining whether or not you would benefit from professional advice.

  • Where can I get insurance after a DUI in my state?
  • Do I need rental car coverage?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • Will my rates increase for filing one claim?
  • Should I put collision coverage on all my vehicles?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Car insurance coverage specifics

Understanding the coverages of car insurance helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive auto coverageCar insurance in

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like a broken windshield, hail damage, theft and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for bills for dental work, X-ray expenses, surgery, doctor visits and nursing services. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability

quote E500 insurance

Liability coverage provides protection from injuries or damage you cause to people or other property in an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things like attorney fees, repair costs for stationary objects, loss of income and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

In Summary

We covered some good ideas how to compare Mercedes-Benz E500 insurance rates online. The key concept to understand is the more rate comparisons you have, the better likelihood of getting . Consumers may even find the biggest savings come from a small local company.

More affordable car insurance is possible from both online companies as well as from insurance agents, so you need to with both to have the best selection. Some insurance providers may not offer the ability to get a quote online and most of the time these smaller providers provide coverage only through independent insurance agents.

When getting , it’s a bad idea to skimp on coverage in order to save money. In too many instances, an accident victim reduced liability coverage limits only to find out that the savings was not a smart move. Your goal is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.