2005 Mercedes-Benz E-Class Car Insurance Rates

Overpriced car insurance can consume your budget and require stricter spending habits. Shopping your coverage around is a smart way to make ends meet.

People have so many car insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, it can be more challenging to find the best rates for your vehicles.

Consumers should take time to check car insurance prices once or twice a year since prices change quite often. Despite the fact that you may have had the best price on E-Class coverage last year you may be paying too much now. There is too much inaccurate information about car insurance online but in just a couple of minutes you can learn some guaranteed methods to slash your car insurance rates.

How to buy auto insurance

Getting a more affordable price on 2005 Mercedes-Benz E-Class insurance can be surprisingly simple. Drivers just need to take a couple of minutes comparing rate quotes to discover which company has low cost auto insurance quotes. This can be accomplished in a couple of different ways.

If you don’t have a lot of time, the easiest way consumers can analyze rates is a comparison rater form click here to open form in new window. This easy form eliminates the need for separate quotation requests for each company. One quote request gets you coverage quotes direct from many companies.

A more difficult way to find better pricing requires a trip to each company’s website to complete their respective quote request forms. For sake of this example, let’s say you want to see prices from Nationwide, Progressive and Liberty Mutual. To do that, you would have to spend time on each company’s site and enter your policy data, and that explains why we recommend the first method. For a handy list of car insurance company links in your area, click here.

It’s up to you how you get prices quotes, just be certain you are entering nearly identical coverage limits and deductibles on every quote you get. If your comparisons have different data you will not be able to decipher which rate is best.

Can you really save that much by switching?

Drivers can’t get away from ads that claim the cheapest car insurance rates from the likes of State Farm and Allstate. All the ads make an identical promise that drivers can save some big amount if you just switch your coverage.

How does every company make the same claim?

Many companies look for specific characteristics for the type of customer that earns them the most money. A good example of a desirable risk should be between the ages of 30 and 50, has never had a policy lapse, and has a high credit rating. Any customer that hits that “sweet spot” receive the lowest rate quotes and most likely will save money with a new company.

Insureds who don’t qualify for these stringent criteria will see a more expensive rate which results in the customer not buying. If you pay close attention to the ads, they say “customers that switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can truthfully make claims like that.

Because of the profiling, you absolutely need to get price quotes at each policy renewal. It is just not possible to predict which auto insurance company will have the best prices for your profile.

Do you qualify for discount insurance?

Not too many consumers would say insurance is affordable, but there could be available discounts that you may not even be aware of. Certain discounts will be applied when you quote, but some must be manually applied prior to receiving the credit.

• Discount for Life Insurance – Larger insurance carriers have a lower premium rate if you buy a life insurance policy as well.
• Employee of Federal Government – Active or former government employment could provide a small rate reduction on E-Class coverage depending on your company.
• Discounts for Good Drivers – Accident-free drivers can save up to 40% or more on their auto insurance quote on E-Class coverage than drivers with accidents.
• ABS Brakes – Vehicles that have anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
• Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education if it’s offered in school.
• Bundled Policy Discount – If you insure your home and vehicles and insure them both with the same insurance company you could earn a discount of approximately 10% to 15%.
• Discounts for Seat Belt Usage – Forcing all vehicle occupants to use their safety belts can save a little off the PIP or medical payment premium.
• Online Discount – Certain insurance companies may give you up to $50 for buying a policy and signing up on the web.

As is typical with insurance, most of the big mark downs will not be given to the overall cost of the policy. Some only apply to individual premiums such as liability and collision coverage. So even though you would think all the discounts add up to a free policy, that’s just not realistic. Any qualifying discounts should definitely cut the cost of your policy.

A list of insurance companies and some of the premium reductions they offer can be found below.

• State Farm may offer discounts for accident-free, driver’s education, Steer Clear safe driver discount, multiple autos, defensive driving training, and good student.
• Progressive offers discounts for continuous coverage, multi-policy, multi-vehicle, homeowner, and online signing.
• Travelers discounts include multi-policy, home ownership, payment discounts, continuous insurance, and save driver.
• American Family has discounts for multi-vehicle, good driver, defensive driver, bundled insurance, mySafetyValet, and air bags.
• Liberty Mutual offers premium reductions for new move discount, hybrid vehicle, newly married, safety features, newly retired, and good student.

When getting a coverage quote, ask each insurance company what discounts are available to you. Some discounts may not be available in your state. If you would like to view companies with the best insurance discounts, click this link.

What insurance coverages do I need?

When it comes to choosing the best auto insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

• At what point should I drop full coverage?
• Am I covered when driving in Canada or Mexico?
• Can my teen drive my company car?
• Why do I only qualify for high-risk insurance?
• Are rental cars covered under my policy?
• Do I have newly-aquired coverage?
• Does my policy cover me when driving someone else’s vehicle?
• Which is better, split liability limits or combined limits?
• What is PIP insurance?
• Am I covered if hit by an uninsured driver?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance coverage options for a 2005 Mercedes-Benz E-Class

Having a good grasp of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

Collision protection

Collision insurance will pay to fix damage to your E-Class resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, driving through your garage door, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, hail damage and vandalism. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercedes-Benz E-Class.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability coverages

Liability insurance provides protection from injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against things such as legal defense fees, attorney fees, medical services, loss of income and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for bills for things like surgery, X-ray expenses, pain medications, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Buy online or local, you save

Low-cost 2005 Mercedes-Benz E-Class insurance is definitely available on the web and from local agencies, so you need to quote auto insurance with both in order to have the best chance of saving money. Some insurance providers may not provide price quotes online and usually these regional carriers prefer to sell through independent insurance agencies.

We covered some good ideas how to compare 2005 Mercedes-Benz E-Class insurance prices online. The key concept to understand is the more rate quotes you have, the higher your chance of finding the cheapest auto insurance. Drivers may discover the most savings is with a small local company. They can often provide lower rates in certain areas than their larger competitors like Allstate, Geico and Progressive.

Additional learning opportunities

• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Parking Tips to Reduce Door Dings (State Farm)
• Tread Depth and Tire Safety (State Farm)
• Understanding Car Crashes Video (iihs.org)