Save on 2003 Mercedes-Benz E-Class Car Insurance Quotes

Searching for the cheapest auto insurance rates for your Mercedes-Benz E-Class? Comparison shopping for cheaper auto insurance may be kind of frustrating for people who are new to online rate comparisons. Because there are so many insurers available, it can quickly become a difficult situation to find the best price.

It’s a great practice to take a look at other company’s rates quite often since insurance prices go up and down regularly. Just because you found the best price on E-Class insurance a couple years back a different company probably has better rate quotes today. Forget anything you know (or think you know) about auto insurance because you’re about to learn the easiest way to get good coverage at a lower rate.

Insurance coverage policy discounts

Companies don’t list every disount available in a way that’s easy to find, so we researched a few of the more well known and the more hidden credits that you can use to lower your rates.

  • Discount for Life Insurance – Larger insurance carriers have a discounted insurance coverage rate on car insurance if you buy some life insurance in addition to your auto policy.
  • Early Renewal Discounts – Some insurance companies give discounts for buying a policy before your current expiration date. It could save around 10% when you buy insurance coverage online.
  • Savings for New Vehicles – Buying a new car model is cheaper since newer models have better safety ratings.
  • Discounts for Cautious Drivers – Accident-free drivers could pay up to 40% less on E-Class insurance than drivers with accident claims.
  • Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts of 25 to 30%.
  • Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and can earn a small discount on your policy.
  • Telematics Data Discounts – Policyholders that allow their insurance company to spy on their driving habits by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they exhibit good driving behavior.
  • Student Driver Training – Cut your cost by having your teen driver participate in a local driver’s education class if it’s offered in school.

A little note about advertised discounts, most discount credits are not given the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous. But all discounts will lower your policy cost.

To view providers who offer cheap insurance coverage quotes, follow this link.

Eight things that determine your insurance rates

Many factors are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, although some other factors are not as apparent like your vehicle usage or your commute time.An important part of buying insurance is that you know a few of the rating criteria that help calculate your insurance rates. When you understand what determines premiums, this enables informed choices that can help you get big savings.

The itemized list below are a few of the “ingredients” insurance companies consider when setting your prices.

  • Your career may increase rates – Jobs such as lawyersair traffic controllers and financial analysts generally pay higher average rates due to job stress and long work days. On the other hand, professions such as farmers, athletes and the unemployed have lower than average premiums on E-Class insurance.
  • Battle of the sexes – Over the last 30 years, statistics show females are less aggressive when driving. However, don’t assume that women are better drivers. Both sexes tend to get into auto accidents at a similar rate, but the male of the species tend to have more serious accidents. Not only are claims higher, but men get more serious tickets like DUI and reckless driving. Youthful male drivers are most likely to cause an accident so they pay the highest premiums.
  • Raising physical damage deductibles lowers rates – Comprehensive and collision coverage deductibles are how much you are required to spend out-of-pocket if a claim is determined to be covered. Insurance for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of claims that would be covered are collision with another vehicle, damage from fire, or theft of your vehicle. The more money the insured is willing to pay, the bigger discount you will receive on E-Class insurance.
  • Why do you need liability insurance? – The liability section of your policy provides coverage in the event that you are ruled to be at fault for personal injury or accident damage. It will provide you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Drive less and pay lower prices – The higher the miles on your Mercedes-Benz in a year the higher your rate. Almost all companies price each vehicle’s coverage based upon how much you drive. Vehicles that have low annual miles cost less to insure compared to those used for work or business. Incorrect rating for your E-Class may be wasting your money. It’s a smart idea to ensure your vehicle rating is showing the correct usage, because it can save money.
  • Poor credit can mean higher prices – Having a good credit rating is a large factor in your rate calculation. Insureds that have excellent credit scores tend to be better risks to insure as compared to drivers with poor credit. If your credit score is lower than you’d like, you could save money insuring your 2003 Mercedes-Benz E-Class by improving your rating.
  • lapses raise premiums – Driving your car without having proper coverage is a big no-no and your next policy will cost more because you let your insurance expire. In addition to paying higher rates, getting caught without coverage could earn you a hefty fine and possibly a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Older drivers are lower risk – Inexperience drivers have a tendency to get distracted easily in a vehicle and because of this, their insurance rates are much higher. More mature drivers are more cautious drivers, cost insurance companies less in claims .

How do I know if I need professional advice?

When buying the best auto insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different.

For instance, these questions may help you determine whether or not you will benefit from professional help.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Am I covered if I drive in a foreign country?
  • Do I need to file an SR-22 for a DUI in my state?
  • When should I not file a claim?
  • What can I do if my company denied a claim?
  • How much can I save by bundling my policies?
  • Can I still get insurance after a DUI?
  • Am I covered when driving a rental car?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • How much liability coverage do I need in my state?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form.

Learn about car insurance coverages for a 2003 Mercedes-Benz E-Class

Having a good grasp of a car insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Collision – Collision insurance covers damage to your E-Class caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, crashing into a building, sustaining damage from a pot hole, colliding with a tree and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as funeral costs, surgery, prosthetic devices and X-ray expenses. They are utilized in addition to your health insurance policy 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 coverage is not available in all states but can be used in place of medical payments coverage

Liability coverage – This coverage provides protection from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as legal defense fees, repair bills for other people’s vehicles and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Comprehensive car insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a deer, a tree branch falling on your vehicle and hail damage. The highest amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

You can do this!

When buying insurance coverage, it’s not a good idea to skimp on coverage in order to save money. There have been many cases where someone dropped liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. The aim is to buy enough coverage for the lowest price and still be able to protect your assets.

Cheap 2003 Mercedes-Benz E-Class insurance is available on the web and from local agencies, so get free insurance coverage quotes from both of them so you have a total pricing picture. Some insurance providers don’t offer price quotes online and usually these small insurance companies provide coverage only through local independent agencies.

In this article, we presented many ideas to compare 2003 Mercedes-Benz E-Class insurance prices online. The key concept to understand is the more companies you get rates for, the higher your chance of finding low cost insurance coverage. You may even discover the best price on insurance coverage is with a small mutual company.

More detailed insurance coverage information can be read in the articles below: