2005 Mercedes-Benz E-Class Car Insurance Rates

Searching for the cheapest insurance for a Mercedes-Benz E-Class can normally be a lot of work, but you can learn these tips to save time.

There are both good and bad ways to shop for insurance coverage so we’re going to tell you the absolute fastest way to price shop coverage for a Mercedes-Benz and get the lowest possible price either online or from local insurance agents.

Some factors that can determine what Mercedes-Benz E-Class insurance costs

Smart consumers have a good feel for the factors that play a part in calculating the price you pay for insurance coverage. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • More people means more accidents – Living in a small town is a positive aspect when talking about insurance coverage. Fewer drivers means reduced accidents and a lower car theft rate. Urban drivers have more traffic problems and a longer drive to work. More time commuting can result in more accidents.
  • Credit scores impact insurance coverage rates – Credit rating is a large factor in calculating your insurance coverage rates. People with excellent credit tend to be more responsible than those with poor credit. If your credit history can use some improvement, you could save money insuring your 2005 Mercedes-Benz E-Class by repairing your credit.
  • Do you need the policy add-ons? – There are a lot of extra coverages you can purchase if you aren’t careful. Coverages for personal injury protection, better glass coverage and term life insurance are examples of these. They may seem good initially, but if they’re wasting money eliminate them to save money.
  • Liability insurance protects assets – Liability insurance will protect you if you are found to be at fault for damages from an accident. Liability provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
  • Too many insurance coverage claims drive up costs – Companies generally give cheaper rates to insureds who file claims infrequently. If you frequently file small claims, you can look forward to higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Occupation reflects on rates – Did you know your occupation can influence how much you pay for insurance coverage? Jobs such as real estate brokers, architects and stock brokers tend to have the highest rates attributed to job stress and long work days. On the other hand, occupations like actors, students and performers receive lower rates for E-Class insurance.

The easiest way to compare car insurance company rates is to know most insurance companies will pay a fee to quote your coverage. The one thing you need to do is give them rating details such as if you require a SR-22, level of coverage desired, whether you drive to work or school, and how old drivers are. Your details is then submitted to multiple companies and you should receive rate quotes within a short period of time.

Are you falling for claims of savings?

Drivers can’t ignore all the ads for the lowest price auto insurance from the likes of Allstate, Geico and Progressive. They all seem to say the same thing about savings if you move your coverage to them.

How does each company say the same thing? This is how they do it.

Different companies have a certain “appetite” for the type of customer that is profitable for them. For example, a desirable insured might be profiled as over the age of 50, has no driving citations, and drives less than 7,500 miles a year. Any driver who matches those parameters is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who do not match this ideal profile will have to pay a more expensive rate and this can result in the driver buying from a lower-cost company. The ads state “drivers who switch” not “people who quote” save that much money. That’s the way companies can truthfully claim big savings.

Because of the profiling, you absolutely need to get as many quotes as possible. Because you never know which auto insurance company will provide you with the cheapest Mercedes-Benz E-Class insurance rates.

Are you getting all your discounts?

The price of auto insurance can be rather high, but you may find discounts to help offset the cost. A few discounts will automatically apply when you get a quote, but a few need to be specifically requested prior to receiving the credit. If you don’t get every credit available, you are paying more than you should be.

  • Organization Discounts – Affiliation with a qualifying organization may earn a discount when shopping for insurance coverage for E-Class insurance.
  • Accident Forgiveness – Some insurance companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Discount for Swiching Early – A few companies offer discounts for switching to them before your current expiration date. The savings is around 10%.
  • Payment Discounts – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Life Insurance – Companies who offer life insurance give a break if you buy auto and life insurance together.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for E-Class insurance with certain companies.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents and will save you 10% or more.

Drivers should understand that most credits do not apply the the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it doesn’t quite work that way. But any discount will reduce the amount you have to pay.

Car insurance companies that possibly offer these discounts may include but are not limited to:

Double check with each company which discounts they offer. Some discounts may not apply in your area.

When might I need an agent?

When choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.

  • Can I afford to pay high deductible claims out of pocket?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can my babysitter drive my car?
  • Am I covered by my spouse’s policy after a separation?
  • If my 2005 Mercedes-Benz E-Class is totaled, can I afford another vehicle?
  • Am I covered if my car is in a flood?
  • Should I buy additional glass protection?
  • Should I rate my 2005 Mercedes-Benz E-Class as pleasure use or commute?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Specific coverages for a Mercedes-Benz E-Class

Learning about specific coverages of insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive coverages

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, a broken windshield and theft. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision insurance

This coverage covers damage to your E-Class resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as colliding with a tree, crashing into a building, hitting a mailbox, backing into a parked car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2005 Mercedes-Benz E-Class.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time these limits are set the same as your liablity limits.

Liability coverage

This coverage will cover damage or injury you incur to people or other property. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values 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 $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like structural damage, court costs, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills like pain medications, ambulance fees and dental work. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Saving money makes a lot of cents

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice physical damage coverage and learned later that it was a big error on their part. The aim is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

People leave their current company for many reasons like an unsatisfactory settlement offer, delays in responding to claim requests, poor customer service or even lack of trust in their agent. Regardless of your reason, switching insurance coverage companies is not as difficult as it may seem.

You just learned many ideas to reduce 2005 Mercedes-Benz E-Class insurance prices online. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced insurance coverage comes from a small mutual company.

Additional information can be found on the following sites: