View 2023 Mercedes-Benz E-Class Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 5, 2024

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Want the cheapest insurance coverage rates for your Mercedes-Benz E-Class? Price shopping your Driversinsurance coverage can seem to be very difficult for drivers not familiar with comparison shopping online. When there are so many insurers to choose from, it can quickly become a real difficult job to lower your prices.

Consumers should take time to compare premium rates yearly because prices are constantly changing. Just because you found the best deal for E-Class coverage last year other companies may now be cheaper. You’ll find quite a bit of inaccurate information about insurance coverage online but in this article, you’re going to get some solid techniques on how to put money back in your pocket.

Find Mercedes-Benz E-Class insurance cheaper

Many factors are part of the calculation when quoting car insurance. Some are pretty understandable such as your driving record, although some other factors are not as apparent such as whether you are married or your financial responsibility. The best way to find cheaper insurance is to take a look at some of the elements that go into determining the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with lower premium levels.

Listed below are some of the items companies use to determine your rate level.

  • Annual mileage and car insurance costs – The higher the miles on your Mercedes-Benz every year the higher your rates will be. A lot of companies apply a rate based on how the vehicle is used. Autos used primarily for pleasure use can be on a lower rate level than vehicles that have high annual mileage. Ask your agent if your insurance policy is showing the correct usage. Having the wrong rating on your E-Class is throwing money out the window.
  • Low credit score equals high costs – Your credit score is likely to be a major factor in calculating your insurance rates. So if your credit rating leaves room for improvement, you could be paying less to insure your 2023 Mercedes-Benz E-Class by spending a little time repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower ratings.
  • Are you male or female? – Over the last 30 years, statistics show that women are safer drivers than men. This data doesn’t prove that women are better drivers. They both tend to get into at-fault accidents at a similar rate, but the male of the species have costlier accidents. Not only are claims higher, but men receive more major tickets such as reckless driving.
  • Vehicle options can affect prices – Purchasing a vehicle with advanced anti-theft systems can save you some money. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart car theft and help bring rates down.
  • Your address can influence price – Being located in less populated areas of the country can be a good thing if you are looking for the lowest rates. Less people translates into fewer accidents in addition to lower liability claims Urban drivers tend to have traffic congestion and longer commute times. The longer drive time means higher likelihood of an accident.
  • Never allow your insurance policy to lapse – Going without insurance is a sure-fire way to increase your renewal premiums. In addition to paying higher rates, being ticketed for driving with no insurance could result in a fine, jail time, or a revoked license.
  • Extra coverages can add up – Policies have add-on coverages that can add up when buying insurance. Add-on coverages like rental car reimbursement, towing, and additional equipment coverage are probably not needed. The coverages may be enticing when discussing your needs, but if you have no use for them eliminate the coverages to reduce your premium.

Discounts to earn cheap auto insurance rates

Companies don’t necessarily list every policy discount very clearly, so the list below gives a summary of some of the best known as well as some of the hidden credits that may apply to you.

  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you can avoid the installment charge.
  • Anti-lock Brakes – Cars and trucks with anti-lock braking systems can reduce accidents so companies give up to a 10% discount.
  • Paperless Signup – Many companies will discount your bill up to fifty bucks shop car insurance on the internet.
  • Homeowners Savings – Owning your own home or condo can save you money since home ownership shows financial diligence.
  • Discount for Switching Early – A few auto insurance companies offer discounts for switching to them before your current policy expires. It could save around 10% when you buy car insurance online.
  • Mature Driver Discount – Seniors may qualify for better auto insurance rates for E-Class coverage.
  • No Charge for an Accident – Not a discount per se, but companies like State Farm, Progressive and GEICO will turn a blind eye to one accident without getting socked with a rate hike so long as you haven’t had any claims prior to the accident.

Just know that some credits don’t apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like adding up those discounts means a free policy, you aren’t that lucky.

A list of auto insurance companies and some of the premium reductions they offer are:

  • State Farm includes discounts for student away at school, Steer Clear safe driver discount, Drive Safe & Save, anti-theft, and multiple policy.
  • American Family may include discounts for Steer into Savings, multi-vehicle, TimeAway discount, air bags, and early bird.
  • GEICO may offer discounts for anti-lock brakes, good student, emergency military deployment, driver training, anti-theft, and multi-vehicle.
  • 21st Century offers premium reductions for good student, air bags, automatic seat belts, student driver, anti-lock brakes, and teen driver.
  • Progressive policyholders can earn discounts including multi-policy, multi-vehicle, online signing, good student, and online quote discount.

If you need lower rates, check with all companies you are considering which discounts you qualify for. Discounts may not apply to policies in your area. To choose insurers who offer online auto insurance quotes, enter your zip code here.

Tricks in auto insurance advertising

Popular auto insurance providers such as 21st Century, Allstate and State Farm constantly bombard you with ads on television and other media. All the ads have a common claim about savings just by moving to their company. It sounds good, but how can they all charge you less for car insurance? You have to listen carefully.

Insurance companies have specific guidelines for a prospective insured that earns them a profit. For instance, a driver they prefer might be described as between the ages of 40 and 55, has a clear driving record, and has excellent credit. Any driver who matches that profile gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

People who do not fit these standards may be required to pay higher rates and this can result in the customer buying from someone else. If you pay attention, the ads say “drivers that switch” but not “everyone who gets a quote” can save as much as they claim. That’s why companies can advertise the savings.

Because every company is different, you really need to do a rate comparison at every renewal. It is impossible to guess the company that will have the best car insurance rates for your profile.

Tailor your insurance coverage coverage to you

When it comes to choosing the right insurance coverage, there really is no single plan that fits everyone. Everyone’s needs are different.

Here are some questions about coverages that could help you determine if you would benefit from professional advice.

  • When should I remove comp and collision on my 2023 Mercedes-Benz E-Class?
  • I have a DUI can I still get coverage?
  • Do I need rental car coverage?
  • Am I getting all the discounts available?
  • How can I get my company to pay me more for my totalled car?
  • When should my teen driver be added to my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code.

Car insurance policy specifics

Understanding the coverages of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision insurance

Collision insurance will pay to fix damage to your E-Class caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like colliding with another moving vehicle, scraping a guard rail, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for short-term medical expenses like doctor visits, rehabilitation expenses, chiropractic care and X-ray expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Mercedes-Benz E-Class.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Liability insurance

This coverage protects you from damage that occurs to people or other property by causing an accident. It protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability insurance covers things such as structural damage, repair costs for stationary objects, repair bills for other people’s vehicles, bail bonds and loss of income. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like fire damage, hail damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Final considerations

You just learned some good ideas how you can save on 2023 Mercedes-Benz E-Class insurance. It’s most important to understand that the more price quotes you have, the better your chances of lowering your car insurance rates. You may even find the lowest priced auto insurance comes from a small mutual company.

People leave their current company for many reasons like denial of a claim, delays in responding to claim requests, high rates after DUI convictions or even being labeled a high risk driver. No matter why you want to switch, choosing a new company is pretty easy and you might even save some money in the process.

When buying insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut collision coverage and found out when filing a claim they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at the best cost, not the least amount of coverage.

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