5 Tricks Shown to Save Money on Mercedes-Benz 400SE Auto Insurance Expenses

No one in their right mind looks forward to buying auto insurance, particularly when the cost is too high.

You have so many insurance companies to choose from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

It’s a good habit to price shop coverage once or twice a year since rates go up and down regularly. If you had the best rates for 400SE coverage a couple years back there may be better deals available now. There is a lot of wrong information about auto insurance online but we’re going to give you some of the best ways to find affordable auto insurance.

This article will let you in on how to effectively get price quotes. If you have car insurance now, you will most likely be able to cut costs considerably using these methods. Nevertheless, drivers can benefit from knowing how companies compete online.

How to Compare Auto Insurance Costs

To find the best auto insurance prices, there are several ways of comparing price quotes from different insurance companies. The simplest method to find competitive Mercedes-Benz 400SE insurance rates consists of shopping online. This can be accomplished in just a few minutes using one of these methods.

  1. One of the best ways to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This form prevents you from having to do separate quote forms for every auto insurance company. One form gets you price quotes from auto insurance companies with the best prices.
  2. A more difficult way to analyze rates consists of visiting the website for every company you want to comare and request a quote. For sake of this example, let’s assume you want rates from Liberty Mutual, Progressive and GMAC. To get each rate you have to visit each site and enter your information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  3. The least recommended way to compare rates to insurance agents’ offices. Shopping for auto insurance online eliminates the need for an insurance agent unless you require the trained guidance of a local agent. It is possible to compare the best prices online but still have the advice of a local agent and we’ll talk about that later.

However you get your quotes, ensure you are comparing exactly the same deductibles and coverage limits with every price quote. If you use higher or lower deductibles it will be very difficult to determine which rate is truly the best. Having just a slight variation in coverages can make a big difference in price. Just remember that comparing more company’s prices helps you find lower pricing.

Discounts can save BIG

The cost of insuring your cars can be expensive, but you may find discounts to reduce the price significantly. Some trigger automatically when you get a quote, but some may not be applied and must be inquired about prior to receiving the credit.

  • Bundle and Save – If you insure your home and vehicles with one insurance company you may earn approximately 10% to 15%.
  • Senior Discount – If you’re over the age of 55, you may receive a small decrease in premiums for 400SE coverage.
  • Multiple Cars – Insuring all your vehicles with the same company could earn a price break for each car.
  • Use Seat Belts – Drivers who require all occupants to use a seat belt can save 10% or more off the personal injury premium cost.
  • Clubs and Organizations – Participating in certain professional organizations is a good way to get lower rates when buying auto insurance for 400SE coverage.

It’s important to understand that most discount credits are not given to your bottom line cost. Most only cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way. But all discounts will help reduce the cost of coverage.

To choose insurers with the best auto insurance discounts, click this link.

Do I need a local agent?

A small number of people prefer to talk to a local agent and that is OK! The biggest benefit of price shopping on the web is that you can obtain the lowest rates but also keep your business local. And providing support for small agencies is definitely important in small towns and cities.

Upon completion of this simple form, your information is transmitted to local insurance agents who will give you bids for your insurance coverage. There is no need to even leave your home due to the fact that quote results will go straight to your inbox. How’s that for easy! It’s the lowest rates AND a local agent.

Choose an insurance agent wisely

When searching for local agents, there are a couple of different agency structures from which to choose. Agents are classified as either independent or captive. auto insurance

Independent Insurance Agents

Independent insurance agents do not work for one specific company but instead can place your coverage with multiple insurance companies depending on which coverage is best. To move your coverage to a new company, an independent agent can move your coverage and you don’t have to find a new agent.

When searching for an agent, it’s recommended you get quotes from at least one independent agent for maximum quote selection.

Captive Insurance Agents

This type of agents can only write with one company like AAA, Allstate and State Farm. These agents are unable to compare other company’s rates so it’s a take it or leave it situation. These agents are usually quite knowledgeable on their company’s products which can be an advantage.

For a complete listing of auto insurance agents, visit this site.

Deciding on an auto insurance agent needs to be determined by more than just a low price. Agents should be asked these questions:

  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • How long has their agency been open?
  • Who is covered by the car insurance policy?
  • Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
  • Do they feel the quoted coverages are adequate?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • Does the agency provide any after hours assistance?
  • Is vehicle damage repaired with OEM or aftermarket parts?

After getting positive responses to any questions you have and a low price estimate, it’s possible that you found an insurance agency that will service your policy.

Car insurance 101

Having a good grasp of auto insurance can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverage types offered by auto insurance companies.

Coverage for liability – This can cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from legal claims by others. It does not 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. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as structural damage, emergency aid and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercedes-Benz 400SE.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Mercedes-Benz 400SE insurance cheap

Comprehensive can pay for claims such as fire damage, damage from flooding, vandalism, hitting a bird and falling objects. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision – Collision insurance covers damage to your 400SE from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a parking meter, colliding with a tree, driving through your garage door and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for immediate expenses like surgery, rehabilitation expenses, hospital visits, dental work and nursing services. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Online plus local equals savings

We just showed you many tips how you can shop for Mercedes-Benz 400SE insurance online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest priced auto insurance comes from a lesser-known regional company. Regional companies can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.

Low-cost Mercedes-Benz 400SE insurance is definitely available from both online companies in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. Some companies do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.