Top 6 Ways to Pay Less on Mercedes-Benz E350 Insurance

I can’t think of a single person who looks forward to paying for car insurance, particularly when the cost is way too high. Numerous insurers battle for your hard-earned dollar, and it can be difficult to compare rates to get the best rate

If you have a policy now or are looking for a new policy, you can learn to shop for the lowest rates while maximizing coverage. Buying car insurance is not that difficult. Drivers just need to understand how to get comparison quotes online.

Discounts are available to cut your rates

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to help offset the cost. Some discounts apply automatically at quote time, but less common discounts must be asked about prior to receiving the credit. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

• Payment Method – By paying your policy upfront instead of making monthly payments you could save up to 5%.
• Discount for Life Insurance – Some companies give a break if you buy life insurance from them.
• Sign Early and Save – Some companies give discounts for signing up before your current expiration date. It can save you around 10%.
• Defensive Driving Course – Completing a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
• Auto/Home Discount – If you insure your home and vehicles with one insurance company you could get a discount of approximately 10% to 15%.
• Accident Free – Claim-free drivers pay less as compared to accident-prone drivers.

Keep in mind that most credits do not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will help reduce your overall premium however.

The coverage is in the details

Having a good grasp of your policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by car insurance companies.

Comprehensive car insurance

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

Comprehensive coverage pays for things like falling objects, damage from getting keyed, theft, hitting a deer and damage from flooding. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz E350.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision protection

This will pay to fix damage to your E350 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like crashing into a ditch, damaging your car on a curb, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like X-ray expenses, rehabilitation expenses and nursing services. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability auto insurance

Liability coverage protects you from damages or injuries you inflict on other people or property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

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 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as court costs, pain and suffering, bail bonds and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

The best insurance company isn’t always the cheapest

Throughout this article, we presented many tips how you can save on Mercedes-Benz E350 insurance. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from some of the lesser-known companies. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.

While you’re price shopping online, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where someone dropped physical damage coverage only to discover later that the savings was not a smart move. Your strategy should be to find the BEST coverage at an affordable rate.