Looking for better car insurance rates for your Mercedes-Benz E-Class? Pricey car insurance can draw down your budget, especially in this economy. Doing a rate analysis can help to make ends meet.
Companies like GEICO, Farmers Insurance and State Farm continually bombard you with advertising and consumers find it hard to separate fact from fiction and find the best price available.
If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this information. Choosing the best insurance company for you is easy if you know what you’re doing. But consumers must learn the way insurance companies determine prices and take advantage of how the system works.
Performing a rate comparison can take hours if you don’t know the fastest way to get free quotes. You can spend countless hours discussing policy coverages with insurance companies in your area, or you can utilize the web to get prices fast.
Most of the larger companies enroll in a system that enables customers to send in one quote, and each participating company returns a rated price. This system prevents you from having to do quote requests for every auto insurance company. To access this free quoting program, click here to open in new window.
One minor caviat to using this type of system is that consumers can’t choose the providers to receive prices from. So if you want to choose specific providers to request quotes from, we have a page of auto insurance companies in your area. Click here to view list.
It’s up to you which method you use, but ensure you are comparing identical information for every company. If you use different deductibles you can’t possibly determine which company has the best rates. Slightly different limits can make a big difference in price. Just keep in mind that comparing all the rates in your area increases your odds of finding the best price.
When buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions may help highlight whether or not you will benefit from professional help.
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages offered by car insurance companies.
Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like damage from getting keyed, vandalism, fire damage, hail damage and falling objects. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for bills like surgery, doctor visits, chiropractic care and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible
Collision coverages – Collision coverage will pay to fix damage to your E-Class from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as crashing into a ditch, sideswiping another vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz E-Class.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Liability auto insurance – Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as structural damage, pain and suffering, medical services and legal defense fees. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.