Cheap 2002 Mercedes-Benz E-Class Insurance Cost

Looking for better car insurance rates for your Mercedes-Benz E-Class? Scraping up a payment for overpriced Mercedes-Benz E-Class insurance can drain your checking account and make it hard to pay other bills. Comparing price quotes is a great way to help make ends meet.

Numerous car insurance companies battle for your insurance dollar, so it’s not easy to compare every insurance company and uncover the absolute lowest price

Comprehensive Insurance Comparison

There are multiple methods to compare 2002 Mercedes-Benz E-Class insurance quotes, but there is one way that is less time-consuming than others. You could waste time talking about coverages with insurance agencies in your area, or you could save time and use online quotes to achieve your goal.

Most major companies belong to a marketplace where prospective buyers submit their information once, and every company then returns a price quote for coverage. This eliminates the need for form submissions for each company you want a rate for. To fill out one form to compare multiple rates now click here (opens in new window).

The only drawback to pricing coverage this way is that you can’t choose the providers to get pricing from. If you wish to select specific insurance companies to compare rates, we put together a list of the cheapest insurance companies in your area. Click here to view list.

It’s up to you which method you use, but make absolute certain that you use apples-to-apples coverage limits and deductibles with each company. If you are comparing different limits and deductibles on each one you will not be able to determine the best price for your Mercedes-Benz E-Class. Just a small difference in coverages could mean much higher rates. And when comparison shopping, having more price comparisons helps you find the best offered rates.

Can switching companies really save?

State Farm, Allstate and Geico continually stream ads on television and other media. All the companies make the same claim about savings after switching to their company. But how can every company claim to save you money?

All the different companies have a preferred profile for the type of customer that is profitable for them. For instance, a profitable customer might be profiled as between the ages of 40 and 55, is a homeowner, and has great credit. A customer who matches those parameters will qualify for the lowest rates and therefore will save when switching.

Potential customers who don’t meet the requirements must pay a higher premium which leads to the customer not buying. The ads say “people who switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can confidently advertise the savings.

This illustrates why you should compare as many rates as you can. It’s not possible to predict the company that will fit your personal profile best.

These factors can influence Mercedes-Benz E-Class insurance rates

An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for car insurance. Having a good understanding of what determines base rates helps enable you to make changes that could result in better car insurance rates.

Listed below are a partial list of the pieces that factor into premiums.

  • Clean credit earns discounts – Having a bad credit rating is a important factor in determining your rates. Consumers who have high credit scores tend to be less risk to insure as compared to drivers with lower credit scores. Therefore, if your credit history can use some improvement, you could potentially save money when insuring your 2002 Mercedes-Benz E-Class by improving your rating.
  • Drive less and save money – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Most companies apply a rate based on their usage. Cars and trucks not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your car insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your E-Class may be costing you.
  • Occupation reflects on rates – Did you know that where you work can have an impact on rates? Jobs such as judges, architects and dentists are shown to have the highest average rates in part from stressful work requirements and long work days. Other occupations like actors, historians and performers pay the least for E-Class insurance.
  • Males pay more for insurance – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. Women and men are in accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like reckless driving and DUI.

Don’t pay full price with these discounts

The cost of insuring your cars can be expensive, but you can get discounts that you may not know about. Certain discounts will be triggered automatically when you complete an application, but less common discounts must be requested specifically prior to receiving the credit.

  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company qualifies for this discount.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Clubs and Organizations – Belonging to a professional or civic organization could qualify you for a break when buying auto insurance for E-Class insurance.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
  • Early Signing – Some companies give discounts for buying a policy before your current policy expires. This can save 10% or more.
  • Homeowners Savings – Owning a house can save you money because owning a home is proof that your finances are in order.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • No Claims – Claim-free drivers pay less compared to accident-prone drivers.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.

Drivers should understand that most discounts do not apply to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like all those discounts means the company will pay you, you’re out of luck. But any discount will bring down your overall premium however.

To see a list of insurance companies with the best auto insurance discounts, click this link.

Your personal situation dictates your coverage

When choosing proper insurance coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions may help you determine whether or not you will benefit from professional help.

  • Does my insurance cover a custom paint job?
  • Why do I only qualify for high-risk insurance?
  • Do I need PIP coverage since I have good health insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is my trailer covered?
  • When does my teenage driver need to be added to my policy?
  • Is other people’s property covered if stolen from my vehicle?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area.

The coverage is in the details

Knowing the specifics of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverages offered by auto insurance companies.

Uninsured or underinsured coverage

This coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz E-Class.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Auto collision coverage

This will pay to fix damage to your E-Class resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a ditch, sustaining damage from a pot hole, colliding with a tree, backing into a parked car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Auto liability insurance

This protects you from damage or injury you incur to other’s property or people. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like legal defense fees, emergency aid and structural damage. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection

This covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from flooding, falling objects and hitting a bird. The most your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for bills for rehabilitation expenses, funeral costs, doctor visits, hospital visits and dental work. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Coverage on a shoestring budget

In this article, we covered a lot of information how to compare 2002 Mercedes-Benz E-Class insurance prices online. It’s most important to understand that the more you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premiums are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.

When you buy insurance online, do not buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced full coverage and discovered at claim time that it was a big error on their part. Your goal should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

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