Mercedes-Benz E300 Insurance – 5 Ways to Better Rates

Trying to find low-cost insurance for a Mercedes-Benz E300 can normally be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to shop for auto insurance and you need to know the best way to compare rates for your Mercedes-Benz and get the lowest price.

You need to price shop coverage once or twice a year because prices trend upward over time. If you had the best price on E300 insurance two years ago other companies may now be cheaper. Block out anything you think you know about auto insurance because you’re about to find out the right way to find great coverage at a great price.

Choosing the best insurance company for you is quite easy. If you have a policy now or are shopping for new coverage, you can learn to reduce the price you pay and still get good coverage. Consumers only need to know the most effective way to get comparison rates on the web.

Be sure to get all your discounts

Companies that sell car insurance don’t list every available discount in a way that’s easy to find, so we break down both the well known and the more hidden auto insurance savings. If you aren’t receiving every discount available, you are throwing money away.

• Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
• Low Mileage – Keeping the miles down on your Mercedes-Benz could qualify for lower rates on the low mileage vehicles.
• Life Insurance Discount – Some companies give a discount if you purchase life insurance from them.
• Safe Driver Discount – Insureds without accidents can pay as much as 50% less on E300 insurance than drivers with accidents.
• College Student – Kids in college living away from home attending college and do not have a car may qualify for this discount.

It’s important to understand that most of the big mark downs will not be given the the whole policy. A few only apply to specific coverage prices like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way.

To choose providers with discount auto insurance rates, click here.

Where Can I Get Cheap Auto Insurance?

Getting a cheaper price on Mercedes-Benz E300 insurance is surprisingly easy. Consumers just need to take the time to get quotes online with multiple companies. This can be done in a couple of different ways.

1. One of the simplest ways to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This form saves time by eliminating separate forms for each company you want a rate for. A single, simple form gets you price quotes from many national carriers.It’s the quickest way to get rates.
2. A more difficult way to compare rate quotes consists of going to the website for each individual company to request a price quote. For example, we’ll pretend you want to compare Progressive, State Farm and Travelers. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is quicker.

   For a list of links to companies insuring cars in your area, click here.

3. The hardest method to compare rates is to drive around to and from local insurance agencies. Shopping for auto insurance online eliminates the need for an insurance agent unless you prefer the professional advice of a local agent. However, consumers can price shop online and get advice from an agent in your area and we’ll talk about that later.

Whichever way you use, make sure you use identical quote information for every company. If each company quotes different liability limits it will be impossible to decipher which rate is best.

Insurance agents can help

When it comes to choosing coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s needs are different.

These are some specific questions may help highlight whether you might need an agent’s assistance.

• Does my policy cover my teen driver if they drive my company car?
• Does my Mercedes-Benz E300 need full coverage?
• How can I get high-risk coverage after a DUI?
• When should my teen driver be added to my policy?
• Exactly who is provided coverage by my policy?
• Is my Mercedes-Benz E300 covered for smoke damage?
• Will I be non-renewed for getting a DUI or other conviction?
• Should I rate my Mercedes-Benz E300 as pleasure use or commute?
• Is business property covered if stolen from my car?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and can help protect your family.

Coverage specifics

Understanding the coverages of auto insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Collision insurance

Collision insurance 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 insurance covers things such as sideswiping another vehicle, colliding with another moving vehicle, scraping a guard rail, hitting a mailbox and damaging your car on a curb. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

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

Medical expense insurance

Coverage for medical payments and/or PIP kick in for bills such as ambulance fees, pain medications, surgery and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, theft, hitting a bird, hitting a deer and rock chips in glass. The most a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability

This can cover damage or injury you incur to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like medical services, court costs, pain and suffering and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Smart consumers save more

People switch companies for many reasons like delays in paying claims, delays in responding to claim requests, denial of a claim and not issuing a premium refund. It doesn’t matter what your reason, switching companies is pretty simple and you could end up saving a buck or two.

We just presented a lot of techniques to save on Mercedes-Benz E300 insurance. The most important thing to understand is the more quotes you get, the better likelihood of reducing your rate. You may even discover the lowest premiums are with a small mutual company.

As you prepare to switch companies, do not skimp on critical coverages to save a buck or two. In many cases, an insured cut liability coverage limits only to discover later that it was a big mistake. The ultimate goal is to buy enough coverage for the lowest price while not skimping on critical coverages.