How Much Does 2020 Mercedes-Benz E-Class Car Insurance Cost in 2024?

Looking for the cheapest auto insurance rates for your Mercedes-Benz E-Class? Have you had enough of trying to scrape together enough money to pay high auto insurance rates every month? You are no different than most other consumers.

There is such a variety of insurers to buy insurance from, and though it is a good thing to have a choice, it makes it harder to find the best rates for your vehicles.

Choosing the best insurance company for you is not that difficult. Just about every vehicle owner who is required by state law to have insurance should be able to cut their insurance bill. Nevertheless, vehicle owners can benefit by having an understanding of how companies price insurance differently and take advantage of how the system works.

Lower insurance rates with these tips

Lots of things are part of the calculation when you get your auto insurance bill. Some are pretty understandable such as your driving record, but some are less apparent such as your credit history or how safe your car is. The best way to find cheaper car insurance is to take a look at a few of the rating criteria that aid in calculating car insurance rates. When you understand what controls the rates you pay, this allows you to make educated decisions that can help you get much lower annual insurance costs.

• Advanced GPS tracking and theft deterrents – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Systems that thwart theives like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
• Liability insurance is important – Liability coverage will provide protection when a jury decides you are liable for damages caused by your negligence. It provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should carry high limits.
• How do annual miles impact prices? – The higher the miles on your Mercedes-Benz each year the more it will cost to insure it. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles that do not get driven very much cost less to insure than those used for commuting. Improper usage on your E-Class is just wasting money. It’s always a good idea to double check that your vehicle rating properly reflects how each vehicle is driven.
• Men drivers tend to cost more – Statistics have proven that females tend to be a little less risky than males. The data does not necessarily mean that men are worse drivers. Both genders are in auto accidents at about the same rate, but males get into accidents with more damage. Men also statistically have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.
• lapses raise car insurance rates – Letting your insurance expire is a sure-fire way to increase your car insurance rates. And not only will your rates increase, not being able to provide proof of insurance may result in a fine, jail time, or a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state DMV.
• You may save more by combining policies – Most larger car insurance companies give lower prices to people who buy several policies from them such as combining an auto and homeowners policy. The discount can be five, ten or even twenty percent. If you currently are using one company, consumers should still get quotes from other companies to help ensure you have the lowest rates. You may still be able to save money even if you have your coverage with different companies.
• Insurance is expensive for younger drivers – Beginning drivers are statistically proven to be careless and easily distracted with other occupants in the car so car insurance rates are higher. Older insureds have been proven to be more responsible, cause fewer claims and accidents and get fewer tickets.
• Reserve claims for larger damages – Insurance companies award the best rates to policyholders who are claim-free. If you are the type of insured that files lots of claims you can look forward to increased rates or even have your policy non-renewed. Auto insurance is intended to be relied upon for the large, substantial claims.

How to buy insurance

Performing a rate comparison can be exhausting if you don’t understand the best way to get rate quotes. You could waste a few hours talking about coverages with insurance companies in your area, or you can stay home and use the internet to get pricing more quickly.

Most of the larger companies are enrolled in a marketplace where insurance shoppers submit one quote, and every company returns a competitive quote based on that data. This prevents consumers from doing form submissions to every company.

To get comparison pricing now enter your zip code here.

The only drawback to doing it this way is that consumers can’t choose which insurance companies you want to price. If you wish to select specific providers to compare prices, we have a listing of the cheapest insurance companies in your area. Click to enter zip code.

Whichever way you use, try to keep the exact same information on every price quote you get. If the quotes have different data it will be very difficult to determine which company has the best rates. Just slight variations in limits could mean much higher rates. And when comparing insurance rates, know that comparing a wide range of rates increases the change that you will find more affordable rates.

Don’t be fooled by advertising claims

Popular auto insurance providers such as GEICO, State Farm and Progressive seem to constantly run television, radio, and online ads. All the ads seem to make the promise that drivers will save a bundle if you just switch your coverage. How does every company charge you less for car insurance? You have to listen carefully.

All the different companies require specific criteria for the type of insured that will most likely be profitable. An example of this type of driver should be over the age of 35, has other policies, and chooses high deductibles. Any new insured who fits those characteristics will get a cheap rate quote as well as cut their rates substantially.

People who do not meet these stringent criteria will have to pay a higher rate which translates to the customer buying from a different company. The ads say “people that switch” not “all people who quote” save that much money. That’s the way companies can make those statements. Each company has different criteria, so it’s extremely important to do a rate comparison at every renewal. Because without a comparison, you cannot know which company will give you the biggest savings.

Slash your car insurance rates with discounts

Car insurance is neither fun to buy or cheap, but you may qualify for discounts that could help you make your next renewal payment. Certain discounts will be applied at quote time, but occasionally some discounts must be inquired about prior to getting the savings.

• Save with a New Car – Buying a new car instead of a used car may earn a small discount since newer vehicles have better safety ratings.
• Military Rewards – Having a family member in the military may qualify for rate reductions.
• Government Employee Discount – Employees or retirees of the government could cut as much as 10% off on E-Class insurance depending on your car insurance provider.
• Low Mileage – Maintaining low annual mileage could earn lower rates on the low mileage vehicles.
• Accident Forgiveness Coverage – This one is not really a discount per se, but companies like Liberty Mutual, Allstate and State Farm will let one accident slide before hitting you with a surcharge so long as you are claim-free for a specific time period.

Policy discounts save money, but most of the big mark downs will not be given to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, you won’t be that lucky.

Companies and the discounts they provide can be found below.

• Farm Bureau may have discounts that include safe driver, multi-vehicle, multi-policy, good student, youthful driver, and driver training.
• MetLife policyholders can earn discounts including multi-policy, accident-free, claim-free, good student, defensive driver, good driver
• Progressive includes discounts for good student, multi-vehicle, online signing, continuous coverage, and online quote discount.
• AAA offers premium reductions for AAA membership discount, good driver, education and occupation, multi-car, pay-in-full, multi-policy, and good student.
• American Family has savings for multi-vehicle, Steer into Savings, defensive driver, TimeAway discount, and mySafetyValet.
• GEICO may offer discounts for membership and employees, defensive driver, seat belt use, multi-policy, anti-theft, daytime running lights, and driver training.
• State Farm offers discounts including multiple autos, good student, defensive driving training, Steer Clear safe driver discount, accident-free, safe vehicle, and multiple policy.

It’s a good idea to ask each company or agent how many discounts you can get. Depending on the company, some discounts might not apply in your area. If you would like to view companies who offer discounts, enter your zip code here.

You are unique and your car insurance should be too

When it comes to buying proper insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether or not you could use an agent’s help.

• When can I cancel my policy?
• How much can I save by bundling my policies?
• I have health insurance so do I need medical payments coverage?
• Should I have a commercial auto policy?
• What is medical payments coverage?
• Do I need Motor Club coverage?
• What are the best liability limits?
• Will my insurance pay for OEM parts?
• What is the minimum liability in my state?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete your zip code.

Coverages available on your policy

Learning about specific coverages of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages available from insurance companies.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as hospital visits, chiropractic care, prosthetic devices, rehabilitation expenses and ambulance fees. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz E-Class.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like theft, hitting a deer, a broken windshield, hitting a bird and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability

Liability coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as repair costs for stationary objects, repair bills for other people’s vehicles, loss of income, court costs and emergency aid. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible.

Collision coverage

This covers damage to your E-Class resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sustaining damage from a pot hole, damaging your car on a curb, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Pennies from heaven

There are still a few companies who do not provide online quoting regional insurance providers sell through independent agencies. Cheaper car insurance is possible from both online companies as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. There have been many situations where an insured dropped collision coverage and discovered at claim time they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at the lowest possible cost but still have enough coverage for asset protection.