Trying to find the cheapest insurance for a Mercedes-Benz E55 AMG can be an all-consuming task, but you can learn our car insurance buying tips to find lower rates. There are both good and bad ways to shop for car insurance and you need to know the proper way to price shop coverage for your Mercedes-Benz and get the lowest price either online or from local insurance agents.
It’s smart to take a look at other company’s rates once or twice a year because prices change frequently. Just because you had the lowest rates on E55 AMG coverage two years ago there may be better deals available now. So just forget all the misinformation about car insurance because you’re going to learn the quickest way to properly buy coverages and cut your premium.
If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Pricing the cheapest car insurance coverage is simple if you know the tricks. But car owners do need to learn the way insurance companies compete online and use this information to your advantage.
Comprehensive Car Insurance Comparison
To find the best car insurance prices, there are several ways of comparing rates and find the best price. The simplest method to find the lowest Mercedes-Benz E55 AMG rates is to use the internet to compare rates. This can be accomplished using a couple different methods.
- The first (and easiest) way consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This easy form keeps you from doing separate quote forms to each individual car insurance company. One simple form will get you rate comparisons from multiple companies. This is perfect if you don’t have a lot of time.
- A more time consuming way to get comparison quotes consists of visiting each individual company website and request a quote. For example, we’ll assume you want comparison quotes from State Farm, Farmers and GMAC. To find out each rate you need to take the time to go to each site and enter your policy data, which is why the first method is quicker.
For a handy list of car insurance company links in your area, click here.
- The least recommended method to get comparison rates is to drive around to local insurance agencies. The internet eliminates the need for an insurance agent unless you prefer the professional guidance only provided by licensed agents. Drivers can find lower rates online but still have the advice of a local agent and we’ll cover that in a bit.
Whichever method you choose, be sure to compare exactly the same coverage limits and deductibles for each comparison quote. If you enter unequal deductibles or liability limits you will not be able to determine the best price for your Mercedes-Benz E55 AMG. Just a small difference in coverages can mean a large discrepancy in price. And when quoting car insurance, remember that comparing a large number of companies provides better odds of finding the best offered rates.
More discounts equal less premium
Companies do not list all available discounts in an easy-to-find place, so we break down both well-publicized and the more hidden discounts you could be receiving.
- Multiple Cars – Buying insurance for all your vehicles on one policy can get a discount on all vehicles.
- Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on E55 AMG coverage with select insurance companies.
- Low Mileage – Fewer annual miles on your Mercedes-Benz can earn a substantially lower rate.
- Safety Course Discount – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
- Life Insurance – Companies who offer life insurance give better rates if you take out life insurance from them.
- Drivers Education – Have your child complete a driver education course if it’s offered in school.
- Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
- One Accident Forgiven – Some insurance companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
Consumers should know that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, it doesn’t quite work that way.
What happened to insurance agents?
A small number of people would rather get advice from a local agent and that is a personal choice. The best thing about price shopping on the web is that you can obtain the best rates and still choose a local agent.
To help locate an agent, after submitting this form (opens in new window), the coverage information is emailed to agents in your area who will return price quotes to get your business. You never need to leave your computer because quoted prices will be sent straight to your inbox. Now that’s easy! Get lower rates AND an agent nearby.
Selecting an insurance company requires more thought than just the premium amount. Ask your prospective agent these questions:
- How much will you save each year by using a higher deductible?
- If your car is in the repair shop, do you have coverage for a rental car?
- How many years of experience in personal lines insurance coverages do they have?
- Is the agency involved in supporting local community causes?
- Is working in the agency their full-time job?
Captive and independent insurance agencies
When finding local agents, there are a couple of types of insurance agents to choose from. Agencies are either captive or independent.
Captive Agents
Captive agents can only place business with one company and some examples include AAA, State Farm, Farmers Insurance and Allstate. They are unable to compare other company’s rates so keep that in mind. Captives are well schooled on their company’s products which helps them sell insurance even at higher premiums. Consumers often buy insurance from these agents mostly because of loyalty to the company and solid financial strength.
Independent Insurance Agents
Independent insurance agents are not employed by any specific company so they can insure your vehicles amongst many companies and potentially find a lower price. To transfer your coverage to a different company, your agent can switch companies and that require little work on your part. When shopping rates, it’s recommended you include price quotes from at a minimum one independent agency to get the best comparison.Most can insure with different regional companies who may have lower rates.
For a full directory of insurance agents, visit this site.
Once you have received reasonable responses to any questions you have as well as a affordable price, it’s possible that you found an insurance agency that meets your needs to provide car insurance coverage.
Buy online or local, you save
We’ve covered a lot of tips how to compare Mercedes-Benz E55 AMG insurance prices online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the lowest priced car insurance comes from a smaller regional carrier.
Budget-conscious Mercedes-Benz E55 AMG insurance can be bought from both online companies as well as from independent agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers don’t offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where an insured cut physical damage coverage only to regret that the savings was not a smart move. Your focus should be to buy enough coverage at the best price while still protecting your assets.
