Searching for better insurance prices for a new or used Mercedes-Benz 300E can turn out to be a lot of work, but you can learn these tips to find lower rates.
There are more efficient ways to buy auto insurance so we’re going to tell you the quickest way to get price quotes for a Mercedes-Benz and locate the lowest possible price from both online companies and local agents.
If you currently have a car insurance policy, you should be able to lower your premiums substantially using these techniques. Buying the best auto insurance coverage is simple if you know the tricks. But consumers need to learn the way companies compete online because it can help you find the best coverage.
Vehicle Insurance Comparison
Comparing auto insurance rates can be exhausting if you don’t utilize the fastest way to get free quotes. You can spend your afternoon driving to local insurance agents in your area, or you could use the internet to maximize your effort.
Many insurance companies are enrolled in a marketplace where insurance shoppers complete one form, and every company provides a quote based on the submitted data. This eliminates the need for repetitive form submissions for every auto insurance company.
To find out how much you’re overpaying now click here to start a free quote.
The one disadvantage to getting quotes like this is you cannot specify which providers to get quotes from. If you prefer to choose individual companies to compare, we have a listing of companies who write auto insurance in your area. Click to view list.
Whichever way you use, compare the exact same coverage information on every quote. If the quotes have differing limits you will not be able to determine which rate is truly the best. Quoting even small variations in limits may result in large price differences. It’s important to know that more quotes will enable you to find the best price.
Lots of discounts mean lots of savings
Insurance can be prohibitively expensive, but you may find discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but some may not be applied and must be asked for before you get the savings.
- Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- Memberships – Belonging to a professional or civic organization could trigger savings when shopping for auto insurance on 300E coverage.
- New Vehicle Savings – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
- Pay Upfront and Save – By paying your policy upfront rather than paying monthly you can actually save on your bill.
- Claim Free – Drivers who don’t have accidents pay less compared to bad drivers.
- Life Insurance – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
- Bundle and Save – If you insure your home and vehicles with the same insurance company you will save up to 20% off your total premium.
As a disclaimer on discounts, most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will help reduce the cost of coverage.
To see a list of insurance companies offering auto insurance discounts, click this link.
How much car insurance do I need?
When it comes to buying proper insurance coverage, there really is no perfect coverage plan. Each situation is unique.
Here are some questions about coverages that could help you determine whether your personal situation might need professional guidance.
- Is my babysitter covered when using my vehicle?
- What are no-fault laws?
- Do I need roadside assistance coverage?
- I don’t drive much so do I pay less?
- Am I covered if I wreck a rental car?
- Does my policy cover me when driving someone else’s vehicle?
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form.
Information about specific coverages
Understanding the coverages of a auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.
Comprehensive coverage (or Other than Collision) – This will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like damage from a tornado or hurricane, hail damage, rock chips in glass and falling objects. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage – This covers damage to your 300E caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against things like colliding with another moving vehicle, damaging your car on a curb, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses for EMT expenses, ambulance fees, surgery and hospital visits. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz 300E.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.
Liability – This provides protection from injuries or damage you cause to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as funeral expenses, medical expenses, emergency aid and court costs. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.
