Lower Your 2002 Mercedes-Benz E-Class Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Aug 24, 2022

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Overpriced Mercedes-Benz E-Class insurance can empty your savings account and put a big crunch on your finances. Doing a price comparison is free and is an excellent way to make sure you’re not throwing money away. Drivers have so many auto insurance companies to choose from, and even though it’s nice to have multiple companies, lots of choices makes it harder to compare rates and cut insurance costs.

Pricing more affordable insurance coverage can be fairly easy. If you have a policy now or need new coverage, you can follow these tips to find better prices while maximizing coverage. Consumers just need to learn the most effective way to compare prices on the web.

Compare the Market for Auto Insurance

Comparing auto insurance rates can be a lot of work if you don’t utilize the most efficient way to do it. You could waste time talking to local insurance agents in your area, or you could save time and use online quoting for quick rates.

All the larger companies enroll in a system where insurance shoppers send in one quote, and each participating company can provide price quotes. This saves time by eliminating quote forms for every auto insurance company.

To compare pricing click here to start a free quote.

The only drawback to comparing rates this way is you are unable to specify the companies you want to price. If you wish to select from a list of companies to request quotes from, we have a page of the cheapest auto insurance companies in your area. Click to view list.

Whichever method you choose, ensure you’re using identical quote information for every quote you compare. If you compare higher or lower deductibles it’s not possible to make an equal comparison.

Don’t miss out on these money-saving discounts

The price of auto insurance can be rather high, buy you may qualify for discounts to cut the cost considerably. Some trigger automatically at quote time, but a few need to be inquired about prior to getting the savings. If you don’t get every credit possible, you are throwing money away.

  • Discount for Swiching Early – Some insurance companies reward drivers for buying a policy before your current policy expires. The savings is around 10%.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • No Charge for an Accident – Some insurance companies permit an accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Paperwork-free – Some insurance companies will give a small break just for signing your application digitally online.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of up to 25% or more.

Consumers should know that most discount credits are not given to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will bring down the cost of coverage.

A partial list of companies that may offer these benefits may include but are not limited to:

Check with each insurance company what discounts are available to you. Savings might not apply in your state.

Do I need special coverages?

When it comes to choosing adequate coverage for your personal vehicles, there is no perfect coverage plan. Every situation is different so your insurance should reflect that For example, these questions may help you determine if your situation will benefit from professional help.

  • I have a DUI can I still get coverage?
  • If I drive on a suspended license am I covered?
  • How much liability insurance is required?
  • Why do I need rental car insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Should I put collision coverage on all my vehicles?
  • If my 2002 Mercedes-Benz E-Class is totaled, can I afford another vehicle?
  • How do I insure my teen driver?
  • Does my insurance cover a custom paint job?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Why your Mercedes-Benz E-Class insurance rates may be high

It’s important that you understand the rating factors that help determine the rates you pay for insurance. Knowing what controls the rates you pay helps enable you to make changes that may reward you with better insurance rates.

  • Careful drivers pay lower rates – Your driving citation history impacts your car insurance rates tremendously. Just one moving violation can bump up the cost by as much as thirty percent. Drivers who don’t get tickets receive lower rates than their less careful counterparts. Drivers who have dangerous citations like DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
  • Rural vs Urban Areas – Choosing to live in small towns and rural areas can be a good thing when talking about insurance. Urban drivers have much more traffic and longer commute times. Lower population translates into fewer accidents and also fewer theft and vandalism claims.
  • Frequent insurance claims increase rates – If you are a frequent claim filer, you can expect higher rates. Companies provide cheaper rates to insureds who do not rely on their insurance for small claims. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Add-on coverages can add up – There are quite a few extra coverages that you can buy on your E-Class policy. Insurance for roadside assistance, towing coverage and membership fees are some examples. These may sound like a good investment when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Bundling policies can get discounts – Most insurance companies will give a discount to people who carry more than one policy in the form of a multi-policy discount. Even with this discount, it’s in your best interest to compare other company rates to verify if the discount is saving money. You may still be able to find better rates by splitting coverages up.
  • Safer occupants lowers premiums – Safer cars tend to have better insurance rates. Safe vehicles result in less severe injuries and any reduction in injury severity means lower claim amounts and lower rates for you. If the Mercedes-Benz E-Class scored better than four stars on Safercar.gov it may be receiving lower rates.
  • Save money with special equipment – Driving a car with a theft deterrent system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.

Auto insurance policy coverages for a Mercedes-Benz E-Class

Understanding the coverages of your auto insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages available from auto insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Mercedes-Benz E-Class.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as theft, hitting a deer, damage from a tornado or hurricane, hitting a bird and damage from flooding. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability

This coverage can cover damage or injury you incur to people or other property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property. Some companies may use a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like medical services, legal defense fees, attorney fees and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision protection

Collision coverage will pay to fix damage to your E-Class from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses for things like surgery, rehabilitation expenses, nursing services, dental work and ambulance fees. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Never pay more for less

When shopping online for insurance, never buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed uninsured motorist or liability limits and found out when filing a claim they didn’t have enough coverage. Your goal should be to purchase plenty of coverage for the lowest price.

You just learned quite a bit of information on how to compare 2002 Mercedes-Benz E-Class insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the best price on insurance is with the smaller companies. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.

Affordable insurance is available on the web and with local insurance agents, so you should compare both to have the best selection. Some insurance providers do not offer online quoting and these small insurance companies work with independent agents.

Additional insurance information can be read below:

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