Mercedes-Benz E63 AMG Insurance – 10 Tips to Cut Costs

Shoppers have options when shopping for low-cost Mercedes-Benz E63 AMG insurance. They can either waste time contacting agents to get rate comparisons or leverage the internet to get rate quotes. There is a better way to shop for car insurance and we’ll show you the quickest way to get price quotes for a Mercedes-Benz and get the best price possible from local insurance agents and online providers.

Pay less by taking advantage of these ten discounts

Auto insurance companies don’t always advertise every discount very well, so we researched both well-publicized and also the lesser-known discounts you could be receiving.

Life Insurance Discount – Larger companies have better rates if you take out life insurance from them.
Fewer Miles Equal More Savings – Low mileage vehicles could qualify for better rates on cars that stay parked.
Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
New Vehicle Savings – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
Multi-car Discount – Having more than one vehicle on one policy can get a discount on all vehicles.
Organization Discounts – Affiliation with a civic or occupational organization could trigger savings on car insurance for E63 AMG insurance.
Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application digitally online.
Drivers Education – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.

It’s important to note that most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, you’re out of luck.

To choose insurers with the best car insurance discounts, click here.

But I prefer to buy car insurance from an agent

A small number of people would prefer to visit with an insurance agent and that is OK! One of the great benefits of price shopping on the web is you can get the best rates and still have an agent to talk to.

To help locate an agent, after submitting this simple form, your insurance coverage information is submitted to local insurance agents who will compete for your business. You never need to leave your computer since price quotes are sent directly to your email. Now that’s easy! You’ll get the best rates AND an agent nearby.

Choosing an provider shouldn’t rely on just a cheap price. Ask your prospective agent these questions:

Do you have coverage for a rental car if your vehicle is in the repair shop?
Are there any hidden costs in their price quote and does it include driving and credit history?
Will your rates increase after a single accident?
Do they assist clients in filing claims?
What are the financial ratings for the companies they represent?
Is the agency involved in supporting local community causes?
How long have they worked with personal auto insurance coverage?

Not all insurance agencies are the same

When researching an insurance agent, you must know there are a couple different agency structures from which to choose. agents are classified as either independent or captive.

Agency Captives

Captive insurance agents have only one company to place business with like Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to shop your coverage around so they have no alternatives for high prices. Captive agents are very knowledgeable on the products they sell which helps them compete with independent agents. Consumers frequently buy insurance from these agents mostly because of the brand legacy and strong financial ratings.

Independent Agents (or Brokers)

These agents are not employed by any specific company but instead can place your coverage with any number of different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply move the coverage in-house and that require little work on your part.

When comparing rates, it’s recommended you include at least one independent agent to get the best comparison. Many write coverage with smaller regional carriers who may have lower rates. insurance banner

To view a complete directory of agents, click here.

After receiving good answers for all questions you ask and a good coverage price, you’ve probably found a car insurance agent that will adequately provide car insurance.

Coverage specifics

Learning about specific coverages of car insurance can help you determine the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses for hospital visits, surgery, pain medications, dental work and X-ray expenses. They are often utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability

This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as bail bonds, repair costs for stationary objects, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Coverage for collisions

This coverage pays for damage to your E63 AMG resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with another moving vehicle, scraping a guard rail, sustaining damage from a pot hole, crashing into a building and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Uninsured or underinsured coverage

This gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Mercedes-Benz E63 AMG.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as falling objects, a broken windshield, a tree branch falling on your vehicle and hail damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Final considerations

Drivers who switch companies do it for any number of reasons including poor customer service, delays in paying claims, extreme rates for teen drivers or even questionable increases in premium. No matter why you want to switch, choosing a new insurance company is not as hard as you think.

The cheapest Mercedes-Benz E63 AMG insurance is definitely available online and with local insurance agents, and you need to price shop both to have the best selection. Some insurance companies do not offer the ability to get a quote online and these regional insurance providers work with independent agents.

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There are too many instances where an insured dropped full coverage only to find out that they should have had better coverage. Your strategy should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.