Protecting Your Mercedes-Benz E320 Just Got A Whole Lot Cheaper

Paying for high-priced Mercedes-Benz E320 insurance can take a big chunk out of your personal savings and force you to make sacrifices. Comparing price quotes is free and is an excellent way to slash your bill and have more diposable income. Big companies like GEICO, Progressive and Allstate constantly blast consumers with ad campaigns and it is challenging if not impossible to ignore the promise of big savings and do the work needed to find the best deal.

If you are insured now or are shopping for new coverage, you can use this information to get lower rates and possibly find even better coverage. Buying car insurance is not rocket science. Consumers just need to learn the best way to compare rates on the web.

Fast and Easy Car Insurance Quotes

Getting better Mercedes-Benz E320 car insurance pricing can be relatively painless. Drivers just need to take a couple of minutes to get quotes online from several insurance companies. It is quite easy and can be accomplished using a couple different methods.

The fastest way consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This easy form eliminates the need for separate quote forms to each individual car insurance company. Completing one form gets you coverage quotes from several companies.
A different way to find lower rates is to manually visit each individual company website to complete their respective quote request forms. For example, let’s say you want to compare State Farm, Liberty Mutual and Allstate. To get rate quotes you would need to go to every website to enter your coverage information, which is why the first method is quicker. To view a list of companies in your area, click here.
The most time-consuming method to compare rates is to spend your day driving to and from local insurance agencies. Buying insurance online makes this process obsolete unless you have a need for the trained guidance only provided by licensed agents. Drivers can price shop online and still use a local agent and you’ll learn how to do that later.

Which method you use is up to you, but ensure you are comparing the exact same quote information for every quote you compare. If each company quotes unequal deductibles or liability limits it’s impossible to make an equal comparison.

More discounts equal less premium

Insuring your fleet can be pricey, but companies offer discounts to help offset the cost. Most are applied when you quote, but a few need to be specifically requested prior to receiving the credit. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

Defensive Driving Course – Taking a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
Senior Discount – Older drivers may be able to get reduced rates on E320 coverage.
Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and earn discounts up to 10%.
Discount for Life Insurance – Larger companies have lower rates if you buy life insurance from them.
Discount for Good Grades – A discount for being a good student can save 20 to 25%. The discount lasts up to age 25.
E-sign – A few companies will give a small break simply for signing over the internet.
Resident Student – Any of your kids living away from home attending college and do not have a car can receive lower rates.
Accident Free – Claim-free drivers pay much less compared to bad drivers.

Consumers should know that most credits do not apply the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way. But all discounts will help reduce your overall premium however.

Are insurance agents a thing of the past?

A small number of people prefer to sit down with an agent and that is a personal choice. Agents can point out coverage gaps and help you file claims. One of the best bonuses of price shopping on the web is the fact that you can find lower rates but still work with a licensed agent. And providing support for local insurance agencies is important particularly in smaller rural communities.

By using this quick form, your information is emailed to insurance agents who will battle for your business. You don’t have to even leave your home since price quotes are sent straight to your inbox. How cool is that?!

Types of auto insurance agents

When searching for a reliable agent, there are a couple of different agency structures that differ in how they can insure your vehicles. Insurance agencies are classified as either captive or independent. While both can properly insure your vehicles, but it’s good to learn how they differ since it can impact buying decisions.

Independent Agencies or Brokers

Independent agencies are not employed by any specific company so they can insure your vehicles with multiple insurance companies enabling the ability to shop coverage around. To transfer your coverage to a different company, the business is moved internally without you having to go to a different agency. When shopping rates, it’s recommended you include price quotes from at a minimum one independent agency for maximum quote selection.

Captive Insurance Agents

This type of agents have only one company to place business with and some examples include AAA, Allstate and State Farm. They usually cannot shop your coverage around so it’s a take it or leave it situation. Captive agents are well schooled in insurance sales which can be an advantage.

For a full directory of insurance agents, click here.

Deciding on an insurance agency requires more thought than just a cheap price. Any agent should be forthright in answering these questions:

How long has their agency been open?
Do they have any clout with companies to ensure a fair claim settlement?
Who is covered by the car insurance policy?
How are they compensated?
Did they already check your driving record and credit reports?
How long have they worked with personal auto insurance coverage?
What insurance companies do they recommend if they are an independent agent?

Upon receiving reasonable responses to these questions and a good coverage price, it’s possible that you found an insurance agent that is a good match to insure your vehicles.

Why your Mercedes-Benz E320 insurance rates may be high

An important part of buying insurance is that you know the factors that help determine your car insurance rates. Understanding what determines base rates enables informed choices that will entitle you to big savings.

Where you reside plays a part – Being located in small towns and rural areas has it’s advantages when talking about car insurance. Less people living in that area means reduced accidents as well as less vandalism and auto theft. Drivers who live in large cities have congested traffic and much longer commute distances. More time commuting means more change of being in an accident.
Safer occupants lowers premiums – Cars with high safety ratings are cheaper to insure. The safest vehicles have better occupant injury protection and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders. If your Mercedes-Benz E320 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Bad driving skills means higher rates – Only having one citation can increase rates by as much as thirty percent. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers with severe tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
Your stress level may be raising your rates – Occupations such as doctors, executives and stock brokers are shown to have the highest rates attributed to stressful work requirements and long work hours. On the other hand, occupations like actors, students and the unemployed pay the least on E320 coverage.
Liability coverage is cheap – Liability insurance is the coverage that protects you when you are found liable for personal injury or accident damage. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.
Bump up deductibles to save – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your Mercedes-Benz from damage. Some instances where coverage would apply would be a windshield shattered by a rock, damage from fire, and burglary. Your deductibles are the amount of money you are willing to pay out-of-pocket before your car insurance pays a claim. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance on E320 coverage.

What is YOUR best insurance company?

Lower-priced Mercedes-Benz E320 insurance is attainable both online and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. Some insurance providers may not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

You just read some good ideas how to save on Mercedes-Benz E320 insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Consumers may even find the best prices are with some of the smallest insurance companies. Regional companies may cover specific market segments cheaper than their larger competitors like GEICO and State Farm.