How Much Does 2001 Mercedes-Benz E-Class Car Insurance Cost?

Want lower auto insurance rates for your Mercedes-Benz E-Class? Feel like you’re a prisoner to an overpriced auto insurance policy? You’re in good company because many consumers feel financially strained by their auto insurance policy.

Lots of insurance companies contend to insure your vehicles, and because of this it can be hard to compare auto insurance companies to find the absolute best rate

It is always a good idea to compare premium rates at least once a year because auto insurance prices change quite often. Just because you had the lowest price on E-Class insurance six months ago you will most likely find a better rate today. Forget all the misinformation about auto insurance because we’re going to show you the quickest way to properly buy coverages and cut your premium.

If you are paying for car insurance now, you should be able to reduce your rates substantially using these tips. Buying car insurance is easy if you know what you’re doing. But car owners need to learn how the larger insurance companies market on the web and take advantage of how the system works.

Compare insurance coverage rate quotes online

There are a variety of methods to shop for insurance coverage, but there is one way that is more efficient than others. You can waste hours discussing policy coverages with insurance companies in your area, or you can utilize online quotes to get prices fast.

Most of the best insurance companies enroll in a system where prospective buyers enter their policy data once, and at least one company returns a competitive quote based on that data. This saves time by eliminating quotation requests to every company.

To participate in this free quote system, click here (opens in new window).

One minor caviat to getting quotes like this is buyers cannot specifically choose which carriers you want pricing from. If you would rather choose specific insurance companies to compare prices, we have assembled a list of low cost insurance coverage companies in your area. View list of insurance companies.

Whichever way you use, compare equivalent coverage limits for each comparison quote. If you have differing limits then you won’t be able to determine which company has the best rates. Just slight variations in coverages can mean a large discrepancy in price. Just remember that comparing a large number of companies helps improve the odds of finding a lower rate than you’re paying now.

Save with these discounts

Insurance coverage is easily one of your largest bills, but there could be available discounts that many people don’t even know exist. A few discounts will be applied when you get a quote, but a few must be requested specifically before being credited.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Telematics Discount – Drivers that enable driving data submission to track driving patterns by using a telematics device like Allstate’s Drivewise may see discounts if they have good driving habits.
  • Defensive Driving Course – Taking part in a course in driver safety may get you a small discount and make you a better driver.
  • Homeowners Pay Less – Owning a home can save you money since owning and maintaining a home demonstrates responsibility.
  • Accident-Free Discounts – Insureds with no claims or accidents are rewarded with significantly better rates on insurance quote when compared to policyholders that have many claims.
  • Early Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you could save up to 5%.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. So when it seems like all those discounts means the company will pay you, it’s just not the way it works.

Larger insurance coverage companies and a selection of discounts are outlined below.

  • GEICO may include discounts for good student, multi-policy, daytime running lights, seat belt use, and anti-lock brakes.
  • Mercury Insurance policyholders can earn discounts including anti-theft, good driver, professional/association, multi-car, good student, and ease of repair.
  • Farmers Insurance offers premium reductions for bundle discounts, switch companies, early shopping, electronic funds transfer, teen driver, homeowner, and mature driver.
  • Auto-Owners Insurance offers discounts for paid in full, safe vehicle, anti-lock brakes, paperless, mature driver, good student, and student away at school.
  • Liberty Mutual discounts include new move discount, good student, new vehicle discount, safety features, and teen driver discount.
  • SAFECO has savings for anti-theft, teen safety rewards, accident prevention training, bundle discounts, and anti-lock brakes.
  • Progressive offers discounts including continuous coverage, multi-vehicle, multi-policy, good student, and online signing.
  • USAA may have discounts that include annual mileage, family discount, driver training, defensive driver, safe driver, vehicle storage, and new vehicle.

Before buying, ask all the companies the best way to save money. Some of the discounts discussed earlier may not be available in your area.

Decisions you make can impact your insurance prices

The best way to find cheaper insurance is to take a look at the factors that help calculate the rates you pay for insurance. If you have some idea of what influences your rates, this empowers consumers to make smart changes that may reward you with much lower annual insurance costs. Lots of things are considered when pricing auto insurance. A few of the factors are predictable such as your driving history, but some are more obscure such as your credit history or your vehicle rating.

  • Liability insurance limits on your policy – The liability section of your policy will provide protection in the event that you are responsible for causing damage or personal injury in an accident. This coverage provides legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • Single drivers may have higher premiums – Your spouse may cut your premiums on your insurance policy. Marriage may mean you are more financially stable and insurance companies like that drivers who are married are more cautious.
  • Optional features impact premiums – Owning a car with an alarm system can help lower your premiums. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft and help lower rates.
  • Gender impacts prices – Over the last 30 years, statistics show that women are safer drivers than men. However, this does not mean females are better at driving than males. They both get in accidents at a similar rate, but guys have costlier accidents. They also get cited for more serious violations like DUI and reckless driving.
  • Always keep your insurance in force – Driving with no insurance is a misdemeanor and any future policy may cost more because you let your insurance lapse. In addition to paying higher rates, getting caught without coverage could earn you a fine, jail time, or a revoked license.

Special considerations

When choosing coverage for your vehicles, there is no single plan that fits everyone. Each situation is unique so this has to be addressed. These are some specific questions can aid in determining if you might need professional guidance.

  • Can I make deliveries for my home business?
  • Does my 2001 Mercedes-Benz E-Class qualify for pleasure use?
  • What if I total my 2001 Mercedes-Benz E-Class and owe more than it’s worth?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is my dog or cat covered if injured in an accident?
  • What companies insure drivers after a DUI or DWI?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverages

Having a good grasp of a car insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most car insurance policies.

Liability coverage

Liability coverage can cover damages or injuries you inflict on other’s property or people. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things like structural damage, funeral expenses, court costs and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, damage from flooding and hail damage. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like surgery, funeral costs, X-ray expenses and pain medications. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your 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 liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Collision protection

Collision insurance pays for damage to your E-Class caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a parking meter, colliding with a tree, hitting a mailbox and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

More comparisons equals lower rates

In this article, we presented many ideas to shop for 2001 Mercedes-Benz E-Class insurance online. The most important thing to understand is the more quotes you get, the better likelihood of getting inexpensive insurance. You may even find the best rates are with the least-expected company. Some small companies may have significantly lower car insurance rates on certain market segments than their larger competitors like Allstate or State Farm.

As you shop your coverage around, never skimp on coverage in order to save money. There are a lot of situations where someone dropped physical damage coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.

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