How Much Does 1999 Mercedes-Benz E55 AMG Insurance Cost?

Searching for lower insurance rates for your Mercedes-Benz E55 AMG? Did you fall for a flashy sales pitch and buy high-priced insurance? You’re in good company because there are lots of people in the same boat.

Due to the abundance of companies and agents to choose from, it’s difficult to pick a more affordable insurer.

Do you qualify for discounts?

Car insurance companies don’t always publicize every available discount in a way that’s easy to find, so we researched both the well known and the more hidden auto insurance savings.

• Payment Discounts – If you pay your entire premium ahead of time as opposed to paying monthly you can actually save on your bill.
• Drive Safe and Save – Accident-free drivers can save up to 40% or more on their insurance coverage quote on E55 AMG insurance than drivers with accident claims.
• Sign Online – Some larger companies will give you a small discount get insurance coverage over the internet.
• Early Switch Discount – A few insurance companies allow discounts for switching policies before your current coverage expires. This discount can save up to 10%.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts can save 10% or more on medical payment and PIP coverage.
• Claim Free – Insureds with no claims or accidents pay much less as compared to drivers with a long claim history.
• Senior Citizens – Older drivers could receive reduced rates on E55 AMG insurance.

A little disclaimer on discounts, most discounts do not apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

If you would like to see a list of insurance companies that can offer you the previously mentioned discounts, click here to view.

Don’t assume everyone needs the same insurance coverage coverage

When it comes to buying the right insurance coverage, there is no single plan that fits everyone. Every situation is different so your insurance needs to address that. Here are some questions about coverages that may help you determine if you would benefit from professional advice.

• Should I bundle my homeowners policy with my auto?
• Will I be non-renewed for getting a DUI or other conviction?
• Do all my vehicles need collision coverage?
• Is my 1999 Mercedes-Benz E55 AMG covered for flood damage?
• How can I find cheaper teen driver insurance?
• Is my camper covered by my car insurance policy?
• Is my nanny covered when driving my vehicle?
• Am I missing any policy discounts?
• Why am I required to get a high-risk car insurance policy?

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 agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Auto insurance 101

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most car insurance policies.

Collision coverages – Collision insurance pays for damage to your E55 AMG resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, sideswiping another vehicle, hitting a mailbox, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Liability insurance – This coverage can cover injuries or damage you cause to a person or their property. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as pain and suffering, court costs and repair costs for stationary objects. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 1999 Mercedes-Benz E55 AMG.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.

Comprehensive car insurance – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, a tree branch falling on your vehicle, rock chips in glass and vandalism. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical expenses – Med pay and PIP coverage pay for bills for things like nursing services, prosthetic devices and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

And the best car insurance company is…

You just read many ways to shop for 1999 Mercedes-Benz E55 AMG insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best price on insurance is with an unexpected company. These companies may only write in your state and offer lower premium rates than their larger competitors like State Farm and Allstate.

Low-cost 1999 Mercedes-Benz E55 AMG insurance is attainable both online and from local insurance agents, so you need to quote insurance coverage with both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and these regional insurance providers provide coverage only through independent agents.

More information

• Anti-Lock Brake FAQ (iihs.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Airbag FAQ (iihs.org)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• How to Avoid Common Accidents (State Farm)
• Eight Auto Insurance Myths (Insurance Information Insitute)