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We buy our insurance through a group plan, so the rates might be wonky, but on any decent car we've bought (new or used) we bought the "anti-deprecation" rider.
On the C230, as it was new, we were guaranteed the original price paid for the car for 48 months from the policy date.
On the E300, as it was used, they would only go 30 months, but still good protection.
The added protection was only $60 annually. Cheap. But, as I said, we buy through a group so don't go on my rate experience. For the two late-model Mercedes' and our 1988 Mazda 626 we pay $1250 a year for ALL three cars, with $2M liability and all-perils coverage, even on the Mazda.
This is a good time to scope out an insurance policy to ensure that this terrible experience is NOT repeated.
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