Consumers Uncover How to Pay Less for Mercedes-Benz E550 Insurance

No one in their right mind likes having to buy car insurance, especially knowing they are paying too much.

Since consumers have many different company options, it is hard for the average consumer to pick the most affordable provider.

It’s a great practice to compare prices yearly because rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best price for E550 coverage six months ago you may be paying too much now. Don’t believe everything you read about car insurance online, so by reading this article, you’re going to learn some solid techniques on how to save money.

Shopping for more affordable protection is not that difficult. Basically, anyone who is required by state law to have car insurance will most likely be able to cut their insurance bill. But car owners must learn how insurance companies compete online.

Mercedes-Benz E550 insurance rates are influenced by…

Smart consumers have a good feel for some of the elements that go into determining the rates you pay for car insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that could result in lower car insurance prices.

• Men pay higher rates – Statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. They both have accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations like DUI and reckless driving. Teenage male drivers tend to get in the most accidents and are penalized with high car insurance rates.
• Theft deterrents lower rates – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
• Safer cars are cheaper to insure – Vehicles with high crash test scores get lower rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Mercedes-Benz is rated at least four stars on Safercar.gov it is probably cheaper to insure.
• Liability coverage is peace of mind – Liability insurance is the coverage that protects you if ever a jury decides you are liable for causing damage or personal injury in an accident. It provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
• Your car insurance rates can be influenced by your job – Occupations such as lawyers, business owners and accountants are shown to have higher rates than average due to stressful work requirements and long work hours. On the flip side, professions such as pilots, athletes and retirees pay the least for E550 coverage.
• Having a spouse can save you money – Being married helps lower the price on car insurance. Marriage is viewed as being more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.
• Clean credit earns discounts – Your credit score is a large factor in calculating your car insurance rates. If your credit rating is lower than you’d like, you could save money insuring your Mercedes-Benz E550 by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure than drivers with poor credit.

Compare the Market for Car Insurance

All major car insurance companies give insurance quotes on their websites. This process is pretty painless as you simply type in your coverage preferences into a form. After you submit the form their system collects information on your driving record and credit history and generates pricing information based on these and other factors. Being able to quote online helps simplify price comparisons, but the work required to visit several different sites and fill out multiple forms is not the best way to spend an afternoon. But it’s very important to have as many quotes as possible if you are searching for better prices.

Compare rates the easy way

A less time-consuming method to find lower prices utilizes a single form that gets price quotes from a bunch of companies at once. The form is fast, requires much less work on your part, and makes online price comparison a lot less work. Immediately after submitting the form, it is quoted with multiple companies and you can pick any one of the pricing results.

If a lower price is quoted, you can simply submit the application and purchase coverage. The entire process takes less than 15 minutes and you will find out if you’re overpaying now.

To save time and use this form to compare rates, click here and enter your information. To compare your current rates, we recommend you type in the limits and deductibles as shown on your current policy. This helps ensure you will get rate comparison quotes for similar coverage.

Is there deception in advertising?

Car insurance providers like Progressive, GEICO, Allstate and State Farm consistently run television and radio advertisements. They all make the same claim of big savings if you change to their company. How can each company make almost identical claims?

All the different companies have a preferred profile for the type of driver they prefer to insure. An example of a preferred risk could be between 30 and 50, has no driving citations, and chooses high deductibles. A driver who meets those qualifications gets the lowest rates and most likely will save when they switch companies.

Potential customers who fall outside these standards must pay a higher premium which usually ends up with the customer not buying. The ads say “drivers who switch” not “people who quote” save that much money. This is how companies can make those claims.

This illustrates why you absolutely need to compare many company’s rates. It’s impossible to know which car insurance company will provide you with the cheapest rates.

Discounts can save BIG

Insurance can be prohibitively expensive, but you can get discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be inquired about prior to receiving the credit.

• Discount for Good Grades – Performing well in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
• Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
• Low Mileage Discounts – Keeping the miles down on your Mercedes-Benz could be rewarded with discounted rates on garaged vehicles.
• Homeowners Discount – Owning a house can save you money because owning a home shows financial diligence.
• Military Discounts – Having a deployed family member can result in better rates.
• Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of 20% or more.
• Paperless Signup – A few companies will give a small break just for signing your application on their website.
• Clubs and Organizations – Belonging to certain professional organizations may earn a discount when shopping for car insurance for E550 coverage.

A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like collision or personal injury protection. So when the math indicates you could get a free car insurance policy, you won’t be that lucky. Any qualifying discounts will cut the cost of coverage.

For a list of companies with the best car insurance discounts, follow this link.

The best insurance company isn’t always the cheapest

While you’re price shopping online, you should never buy poor coverage just to save money. There are a lot of situations where someone sacrificed liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

We just presented a lot of tips how to reduce Mercedes-Benz E550 insurance prices online. The key concept to understand is the more quotes you get, the better likelihood of reducing your rate. You may even find the most savings is with the least-expected company. They often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.