2004 Mercedes-Benz E-Class Car Insurance Cost

Looking for lower insurance coverage rates for your Mercedes-Benz E-Class? Have you fallen victim to high-priced insurance coverage? Trust us when we tell you there are lots of people in the same boat. Insurance companies such as Allstate and Progressive promote their brand names with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and do the work needed to find the best deal.

Automobile Insurance Quotes

Comparing insurance rates can be a daunting task if you don’t understand the most efficient way. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you can stay home and use the web to quickly compare rates.

Most of the best insurance companies take part in a program where prospective buyers only type in their quote data once, and each participating company returns a competitive quote based on that information. This system prevents you from having to do repetitive form submissions for every insurance company.

To use this form to compare 2004 Mercedes-Benz E-Class insurance rates click here (opens in new window).

The only drawback to doing it this way is that consumers can’t choose the providers to get pricing from. So if you want to select specific insurance companies to request quotes from, we have a listing of companies who write insurance in your area. Click here to view list.

It’s your choice how you get your quotes, but compare the exact same deductibles and coverage limits for each comparison quote. If the quotes have higher or lower deductibles then you won’t be able to determine the best price for your Mercedes-Benz E-Class.

Do you qualify for discounts?

Car insurance is not cheap, but discounts can save money and there are some available that you may not even be aware of. Larger premium reductions will be automatically applied when you purchase, but some must be asked about before you will receive the discount. If you don’t get every credit possible, you’re just leaving money on the table.

  • Homeowners Discount – Owning a house may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for reduced rates for E-Class insurance.
  • Life Insurance – Select insurance companies reward you with better rates if you take out life insurance.
  • Good Student Discount – Performing well in school can save 20 to 25%. The good student discount can last up until you turn 25.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts could save 15% on the medical payments or PIP coverage costs.
  • Student Driver Training – Require your teen driver to enroll in driver’s education in school.
  • Club Memberships – Participating in a professional or civic organization may earn a discount when shopping for auto insurance for E-Class insurance.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Mercedes-Benz could qualify for a substantially lower rate.

It’s important to understand that most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. So when it seems like having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will reduce your overall premium however.

To see a list of insurance companies with discount auto insurance rates, click this link.

Don’t assume everyone needs the same coverage

When choosing the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For example, these questions might point out whether you might need an agent’s assistance.

  • Do I need to file an SR-22 for a DUI in my state?
  • Does insurance cover tools stolen from my truck?
  • How high should my medical payments coverage be?
  • How can I find cheaper teen driver insurance?
  • Can I rent a car in Mexico?
  • I have health insurance so do I need medical payments coverage?
  • Do I pay less for low miles?
  • Is my 2004 Mercedes-Benz E-Class covered for smoke damage?
  • Can my teen driver be rated on a liability-only vehicle?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Lesser-known factors impacting Mercedes-Benz E-Class insurance rates

Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for insurance coverage. Having a good understanding of what influences your rates allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Lower miles equals lower premium – The more miles you rack up on your Mercedes-Benz every year the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based on how the vehicle is used. Cars and trucks used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your insurance coverage policy is rated on how each vehicle is driven, because it can save money. Incorrect usage on your E-Class may be costing you.
  • Your job and insurance rates – Occupations like lawyers, business owners and accountants are shown to have higher rates than average because of high stress levels and lots of time spent at work. On the flip side, occupations such as actors, athletes and retirees pay the least for E-Class insurance.
  • Men are more aggressive – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women tend to get into accidents at about the same rate, but the male of the species cause more damage. Men also tend to have more aggressive citations such as DWI and reckless driving. Young males are most likely to cause an accident and therefore are the most expensive to insure.
  • Pay less after the wedding – Getting married can get you a discount when buying insurance coverage. Marriage translates into being more mature than a single person it has been statistically shown that drivers who are married are more cautious.

Are car insurance companies telling the truth?

Consumers can’t get away from ads for the lowest price auto insurance from the likes of Allstate, Geico and Progressive. All the companies say the same thing that you can save if you switch your coverage to them.

How can each company make the same claim? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. An example of a driver they prefer could possibly be between the ages of 40 and 55, insures multiple vehicles, and has excellent credit. Any driver that hits that “sweet spot” receives the best rates and most likely will save when they switch companies.

Drivers who do not match the requirements will be charged a more expensive rate and this can result in the customer not buying. The ad wording is “customers who switch” not “people who quote” save money. That’s the way insurance companies can make the claims of big savings.

That is why you absolutely need to get as many comparisons as possible. It’s impossible to know which company will have the lowest Mercedes-Benz E-Class insurance rates.

Specific coverage details

Learning about specific coverages of a insurance policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages available from insurance companies.

Liability

Liability coverage will cover damages or injuries you inflict on people or other property. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as loss of income, funeral expenses, structural damage and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Collision insurance

This coverage will pay to fix damage to your E-Class resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a parking meter, crashing into a ditch, colliding with another moving vehicle, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz E-Class.

Since a lot of 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 very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like doctor visits, EMT expenses, chiropractic care, ambulance fees and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as damage from flooding, damage from getting keyed, damage from a tornado or hurricane, theft and falling objects. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Never pay more for less

The cheapest 2004 Mercedes-Benz E-Class insurance is available online as well as from independent agents, so compare prices from both so you have a total pricing picture. Some insurance providers don’t offer online price quotes and many times these smaller companies only sell through independent insurance agents.

In this article, we presented a lot of ways to reduce insurance prices online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

To read more, link through to the articles below: