Did you fall for a flashy sales pitch and buy high-priced auto insurance? Believe me when I say you’re not the only one. Multiple insurance companies compete for your insurance dollar, and it can be difficult to compare rates and get the definite lowest cost out there.
If you have a policy now or are looking for a new policy, you can use these tips to find the best rates while maintaining coverages. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers just need to learn the proper way to compare company rates over the internet.
Lots of discounts mean lots of savings
The cost of insuring your cars can be expensive, but companies offer discounts that you may not know about. Certain discounts will be applied when you complete an application, but some must be specially asked for before you get the savings. If you don’t get every credit available, you’re just leaving money on the table.
- Life Insurance – Larger companies have better rates if you take out a life insurance policy as well.
- Memberships – Belonging to certain professional organizations could trigger savings on your policy on E550 coverage.
- Student in College – Kids in college who are attending college and do not have a car can receive lower rates.
- No Accidents – Drivers who don’t have accidents pay less compared to bad drivers.
- Defensive Driver – Taking a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
- Sign Early and Save – Select companies give a discount for switching policies before your current policy expires. It can save you around 10%.
A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like you could get a free auto insurance policy, companies don’t profit that way. Any amount of discount will bring down your premiums.
Situations that might require an agent
When buying proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.
- Do I need rental car coverage?
- Does medical payments coverage apply to all occupants?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Will my rates increase for filing one claim?
- Do all my vehicles need collision coverage?
- Do I need motorclub coverage?
- Does my personal policy cover me when driving my company car?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and may give you better protection.
Quote often and quote early
We covered a lot of techniques to reduce Mercedes-Benz E550 insurance prices online. The key thing to remember is the more you quote, the better your chances of lowering your rates. You may even discover the biggest savings come from some of the smallest insurance companies. Smaller companies often have lower prices on specific markets than their larger competitors like State Farm or Progressive.
Affordable Mercedes-Benz E550 insurance is attainable on the web and with local insurance agents, and you need to comparison shop both to get a complete price analysis. Some auto insurance companies do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.
While you’re price shopping online, it’s not a good idea to reduce coverage to reduce premium. In too many instances, someone dropped physical damage coverage to discover at claim time they didn’t have enough coverage. The aim is to buy enough coverage at a price you can afford.
