How Much Does 2007 Mercedes-Benz E-Class Insurance Cost?

Looking for lower car insurance rates for your Mercedes-Benz E-Class? Have you fallen victim to high-priced car insurance? Believe me, you’re not the only one.

With so many insurance providers from which to choose, it can be hard to find the lowest price car insurance company.

Parts of the Mercedes-Benz E-Class rate equation

It’s important that you understand the rating factors that help determine your insurance coverage rates. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

The following are some of the factors that factor into rates.

  • Claim-free discounts can add up – If you are a frequent claim filer, you can definitely plan on either higher rates or even cancellation. Auto insurance companies award lower rates to people who do not file claims often. Car insurance is intended for major claims that would cause financial hardship.
  • Older drivers pay less – Older insureds are more cautious drivers, file fewer claims and receive fewer citations. Teen drivers are known to get distracted easily when behind the wheel therefore insurance coverage rates are much higher.
  • Safer occupants lowers premiums – Vehicles with good safety scores get lower rates. Safer cars reduce injuries and any reduction in injury severity translates into savings for insurance companies and more competitive rates for policyholders. If your Mercedes-Benz E-Class has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
  • Do men or women drive better? – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that men are worse drivers. Men and women have accidents at about the same rate, but the men cause more damage. Men also statistically have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and thus pay the highest rates.
  • Consolidate policies to earn discounts – Most insurers will give a discount to people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare rates to verify if the discount is saving money. You may still be able to find better rates by insuring with multiple companies.
  • Poor credit can mean higher rates – A driver’s credit score is a big factor in calculating your insurance coverage rates. So if your credit is lower than you’d like, you could potentially save money when insuring your 2007 Mercedes-Benz E-Class by improving your rating. Drivers who have good credit tend to be better drivers and file fewer claims than drivers with poor credit.
  • Optional equipment can affect rates – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Always keep insurance in force – Having an insurance coverage lapse is a quick way to increase your insurance coverage rates. Not only will you pay more, failure to provide proof of insurance may earn you a license revocation or jail time.

Don’t miss these discounts

Auto insurance companies don’t always list every available discount very clearly, so here is a list both the well known as well as the least known insurance savings.

  • Clubs and Organizations – Belonging to a professional or civic organization could trigger savings when shopping for insurance for E-Class insurance.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Bundle and Save – When you have multiple policies with the same company you may earn up to 20% off your total premium.
  • Safe Drivers – Safe drivers may save up to 50% more for E-Class insurance than less cautious drivers.
  • Own a Home – Owning a house may earn you a small savings because of the fact that having a home requires personal responsibility.

Keep in mind that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way.

Car insurance companies that may have these benefits may include but are not limited to:

It’s a good idea to ask every prospective company how you can save money. Discounts might not apply in your area.

Is there truth in advertising?

State Farm, Allstate and Geico continually stream ads in print and on television. All the companies make the same claim that you can save after switching to their company. How can each company claim to save you money? This is how they do it.

All companies have a certain “appetite” for the driver that makes them money. For example, a preferred risk might be profiled as between 25 and 40, has no driving citations, and has a short commute. A propective insured who fits that profile gets the lowest rates and therefore will save when they switch companies.

Drivers who don’t measure up to the requirements will have to pay higher premiums which leads to business going elsewhere. Company advertisements say “people who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can advertise the savings. Because of the profiling, it’s extremely important to compare many company’s rates. It’s just too difficult to predict the company that will fit your personal profile best.

When might I need help?

When choosing proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can help discover if your insurance needs will benefit from professional help.

  • Is a new car covered when I drive it off the dealer lot?
  • Which is better, split liability limits or combined limits?
  • Should I buy full coverage?
  • Am I covered when driving on a suspended license?
  • Is my Mercedes-Benz E-Class covered if I use it for business?
  • What are the best liability limits?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

Auto insurance policy coverages for a 2007 Mercedes-Benz E-Class

Understanding the coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from auto insurance companies.

Comprehensive auto insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as theft, a broken windshield, vandalism and hail damage. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like rolling your car, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as bail bonds, funeral expenses, loss of income and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2007 Mercedes-Benz E-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for bills for rehabilitation expenses, pain medications, surgery and chiropractic care. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Feed the piggy bank

You just read a lot of techniques to lower your 2007 Mercedes-Benz E-Class insurance rates. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers may even find the most savings is with a small local company. These companies often have lower prices on specific markets than their larger competitors like State Farm or Progressive.

Lower-priced insurance can be found from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance companies may not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

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