7 Excellent Ways to Lower Mercedes-Benz E320 Insurance Rates

Have you fallen victim to high-priced car insurance? Trust us, there are many people just like you.

You have multiple auto insurance companies to buy insurance from, and although it’s nice to have multiple companies, so many choices can make it hard to find the lowest cost provider.

Pricing the lowest cost car insurance can be fairly easy. In a nutshell, anyone who buys car insurance will more than likely be able to cut their insurance bill. Although car owners must know the methods companies use to price online insurance because it can help you find the best coverage.

Complexity of Mercedes-Benz E320 insurance rates

Consumers need to have an understanding of some of the elements that come into play when calculating the price you pay for car insurance. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to big savings.

  • Do you know your deductibles? – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Mercedes-Benz. Examples of covered claims are a windshield shattered by a rock, vandalism, and windstorm damage. Your deductibles are how much you are willing to pay if you file a covered claim. The more expense you’re willing to pay, the less your car insurance will be for E320 insurance.
  • Better credit scores mean better rates – Your credit score is a huge factor in determining your rates. People with high credit ratings tend to be more responsible than drivers who have lower credit scores. If your credit is low, you could be paying less to insure your Mercedes-Benz E320 by improving your rating.
  • More claims means more premium – Companies generally give discounts to policyholders who file claims infrequently. If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Women pay lower rates – The statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. They both tend to get into accidents in similar numbers, but the males have costlier accidents. They also have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • More miles equals more premium – Driving more miles every year the higher your rates will be. Almost all companies apply a rate based upon how you use the vehicle. Cars and trucks left parked in the garage can get a lower rate than vehicles that are driven to work every day. If your policy improperly rates your E320 may be wasting your money. Make sure your car insurance coverage is rated on the proper vehicle usage, because it can save money.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings are cheaper to insure. Safe vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Mercedes-Benz E320 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

Don’t overlook these discounts

Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Some trigger automatically when you get a quote, but less common discounts must be inquired about before you will receive the discount.

  • Resident Student – Kids in college who live away from home and do not have access to a covered vehicle can receive lower rates.
  • Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and earn discounts up to 10%.
  • Senior Discount – Mature drivers may be able to get reduced rates for E320 insurance.
  • Fewer Miles Equal More Savings – Driving fewer miles can earn discounted rates on garaged vehicles.
  • New Vehicle Savings – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Claim Free – Drivers with accident-free driving histories can save substantially compared to frequent claim filers.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for E320 insurance depending on your company.
  • Accident Waiver – Some insurance companies allow you one accident before your rates go up if your claims history is clear for a particular time prior to the accident.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. Most only apply to individual premiums such as medical payments or collision. So even though it sounds like adding up those discounts means a free policy, you’re out of luck. Any amount of discount will bring down your overall premium however.

To see a list of insurers who offer car insurance discounts, click here.

Quote online but work with a neighborhood agent

A small number of people would prefer to visit with an insurance agent. One of the great benefits of comparing rates online is you may find the best rates but also keep your business local. Buying from local agencies is especially important if you live in a smaller city or town. insurance banner

Once you complete this short form, the quote information is instantly submitted to local insurance agents who will return price quotes for your business. You won’t need to leave your house because quoted prices will be sent to your email. Now that’s easy! You can find better rates AND a local agent.

How to choose the best auto insurance agent

When searching for a reputable insurance agent or broker, there are a couple of different types of agents to choose from. Insurance agencies can either be captive or independent.

Independent Agencies or Brokers

Independent agents are not required to write business for one company but rather can write business with any number of different companies and potentially find a lower price. If your agent finds better pricing, an independent agent can move your coverage without you having to go to a different agency. When shopping rates, we recommend you contact several independent insurance agents for the best price selection.

Agency Captives

Captive agencies write business for a single company like Allstate, State Farm and Farmers Insurance. These agents are not able to compare other company’s rates so always compare other rates. Captives are usually quite knowledgeable on their company’s products and that can be a competitive advantage.

To view a complete directory of insurance agents, click here.

Choosing an insurance agency requires more thought than just a cheap price. Ask your prospective agent these questions:

  • Which insurance companies are they affiliated with?
  • Can they provide you with a list of referrals?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • How much can you save by raising your physical damage deductibles?
  • How many years of experience in personal lines insurance coverages do they have?

After receiving positive feedback to all your questions and a good coverage price, you’ve probably found an auto insurance agent that is a good match to insure your vehicles.

best Mercedes-Benz E320 insurance

Different people need different coverages

When buying the right insurance coverage, there is no cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions can help discover if your insurance needs may require specific advice.

  • Do I need special endorsements for business use of my vehicle?
  • Who is covered when they drive my Mercedes-Benz E320?
  • Does my insurance cover my expensive audio equipment?
  • Do I really need UM/UIM coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Am I covered when delivering products for my home-based business?
  • How much liability coverage do I need in my state?
  • Do I need rental car coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • What are the best liability limits?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Quote more, save more

When shopping online for car insurance, don’t be tempted to buy poor coverage just to save money. In too many instances, an insured cut physical damage coverage only to find out that it was a big error on their part. Your goal should be to get the best coverage possible at an affordable rate.

We covered many tips how you can shop for Mercedes-Benz E320 insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the most savings is with a smaller regional carrier. Some small companies can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.