Cheapest 1998 Mercedes-Benz E-Class Insurance Rates in 2023
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UPDATED: Dec 14, 2021
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Want cheaper car insurance rates for your Mercedes-Benz E-Class? Nobody I know looks forward to paying for car insurance, especially knowing the price is too high. Since consumers have many choices, it can be diffult for consumers to choose the lowest price insurance company.
Consumers need to take a look at other company’s rates periodically because rates tend to go up over time. Even if you think you had the best rates for E-Class insurance a year ago the chances are good that you can find a lower rate today. So forget anything you know (or think you know) about car insurance because you’re going to learn the fastest and easiest way to properly buy coverages and cut your premium.
The fastest way that we advise to get policy rate comparisons is to take advantage of the fact most larger insurance companies participate in a system to give free rates quotes. The only thing you need to do is provide the companies a bit of rating information like your general credit rating, daily mileage, whether you are married, and how much school you completed. That rating data is instantly provided to multiple companies and they return rate quotes instantly to find the best rate.
To compare rates now, click here and enter your coverage details.
Discounts are basically free money
The cost of insuring your cars can be expensive, but you may find discounts that you may not know about. A few discounts will automatically apply when you get a quote, but lesser-known reductions have to be specifically requested before they will apply. If you don’t get every credit you deserve, you’re just leaving money on the table.
- Defensive Driver – Taking part in a course in driver safety could cut 5% off your bill if your company offers it.
- Passive Restraint Discount – Factory air bags or motorized seat belts can get savings up to 30%.
- Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save 5% or more.
- One Accident Forgiven – Some insurance companies allow you one accident before your rates go up if you are claim-free for a set time period.
- Drivers Education – Have your child enroll in driver’s education in high school.
- Sign Online – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up online.
- Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% for E-Class insurance with select insurance companies.
- Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
- Memberships – Being a member of a qualifying organization is a good way to get lower rates when shopping for car insurance for E-Class insurance.
It’s important to note that most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount will reduce your overall premium however.
A partial list of companies that may have these discounts may include but are not limited to:
- American Family
- Farmers Insurance
- State Farm
Double check with each insurance company which discounts you may be entitled to. All car insurance discounts may not be available in your state.
Which insurance is the “right” coverage?
When choosing coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that can aid in determining whether or not you will benefit from professional help.
- Am I covered if I hit a deer?
- When should I drop full coverage on my 1998 Mercedes-Benz E-Class?
- Are rock chip repairs covered?
- Does my personal policy cover me when driving out-of-state?
- Does my 1998 Mercedes-Benz E-Class qualify for pleasure use?
- Do I need special endorsements for business use of my vehicle?
- Is a new car covered when I drive it off the dealer lot?
If it’s difficult to answer those questions, you might consider talking to an insurance agent.
Mercedes-Benz E-Class rate determination is complex
Consumers need to have an understanding of the rating factors that help determine the price you pay for insurance. When you know what positively or negatively influences your rates helps enable you to make changes that may reward you with big savings.
The following are some of the factors that factor into rates.
- Your insurance rates can be influenced by your job – Did you know your job can affect your rates? Occupations like lawyers, social workers and accountants tend to have higher rates than average attributed to high stress levels and lots of time spent at work. On the flip side, jobs such as actors, athletes and homemakers receive lower rates for E-Class insurance.
- Safer cars cost less to insure – Vehicles with good safety scores can get you lower premiums. Safer cars reduce injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If your Mercedes-Benz E-Class is rated at least four stars on Safercar.gov it is probably cheaper to insure.
- An active claims history can cost you – If you tend to file frequent claims, you can expect higher rates. Auto insurance companies award better rates to insureds who do not rely on their insurance for small claims. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
- One company can mean more discounts – Most insurers provide better rates to policyholders who carry more than one policy. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even though this discount sounds good, you still need to shop around to ensure the best deal. You may still be able to find better rates by buying insurance from more than one company.
- A lapse in coverage is a bad thing – Having an insurance coverage lapse will be a fast way to pay more for insurance. Not only will rates go up, but being ticketed for driving with no insurance will get you a steep fine or even jail time.You may have to submit proof of financial responsibility or a SR-22 with your state DMV.
- Poor credit can mean higher rates – A driver’s credit score is a important factor in calculating your insurance rates. Consumers who have high credit ratings tend to be less risk to insure than those with lower credit scores. If your credit is low, you could potentially save money when insuring your 1998 Mercedes-Benz E-Class by improving your rating.
Learn about insurance coverages for a Mercedes-Benz E-Class
Understanding the coverages of insurance aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.
Auto collision coverage
Collision insurance will pay to fix damage to your E-Class from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims like hitting a parking meter, backing into a parked car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1998 Mercedes-Benz E-Class.
Since 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 should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive or Other Than Collision
This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as damage from flooding, vandalism and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like ambulance fees, chiropractic care, pain medications, funeral costs and doctor visits. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay
Liability car insurance
Liability insurance can cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for things like loss of income, emergency aid, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is your choice, but buy as much as you can afford.
Save for a rainy day
The cheapest 1998 Mercedes-Benz E-Class insurance can be purchased from both online companies and also from your neighborhood agents, so you should compare both to get a complete price analysis. Some insurance companies may not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
When buying insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced full coverage and found out when filing a claim that it was a big error on their part. Your goal should be to buy the best coverage you can find at the best price, not the least amount of coverage.
Other learning opportunities
- Safety Belts FAQ (iihs.org)
- Parking Tips to Reduce Door Dings (State Farm)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Think You’re a Safe Driver? (State Farm)
- Vehicle Insurance in the U.S. (Wikipedia)
- Teen Driving and Texting (State Farm)
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