Mercedes-Benz E350 Insurance Quotes in El Paso

Searching for more competitive Mercedes-Benz E350 insurance in El Paso? Locating cheaper insurance for a Mercedes-Benz E350 in Texas can turn out to be difficult, but you can follow the following methods to save time.

There is a right way and a wrong way to shop for auto insurance so you’re going to learn the best way to quote coverages on a Mercedes-Benz and obtain the cheapest rates.

If you have a current car insurance policy or are looking for a new policy, you can learn to shop for the lowest rates without having to cut coverage. Shopping for the lowest-priced coverage in El Paso is easy to do. Smart shoppers just have to know the least time-consuming way to get comparison quotes from many companies at once.

The companies shown below are ready to provide comparison quotes in Texas. If multiple providers are shown, we suggest you visit two to three different companies in order to get a fair rate comparison.

Mercedes-Benz E350 insurance statistics and information

The data table displayed next outlines a range of insurance rates for Mercedes-Benz E350 models. Being aware of how insurance premiums are formulated is important for making informed decisions when comparing rate quotes.

Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices noticeably.

Policy deductibles

One frequently asked question is where to set your physical damage deductibles. The comparison tables below outline the premium difference when you buy lower versus higher comp and collision deductibles. The first data set uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in garaging location in El Paso which can revise price quotes greatly.

We can estimate from the data above that using a $250 deductible would cost the average driver about $39 more each month or $468 each year averaged for all E350 models than selecting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 19 months between claim filings, you would probably save some money if you choose a higher deductible.

The diagram below demonstrates how choosing different deductibles and can impact Mercedes-Benz E350 insurance costs for different ages of insureds. The prices are based on a single male driver, full coverage, and no policy discounts are applied.

Insurance does more than just repair your car

Despite the high cost, buying insurance is required by state law in Texas and it also provides benefits you may not be aware of.

• Almost all states have minimum liability requirements which means the state requires a specific level of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your vehicle, more than likely the lender will stipulate that you have physical damage coverage to guarantee payment of the loan. If you default on your policy, the bank or lender will purchase a policy for your Mercedes-Benz at a significantly higher premium and require you to pay for the much more expensive policy.
• Insurance preserves your car and your assets. It also can pay for hospital and medical expenses incurred in an accident. Liability coverage also covers legal expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of insuring your E350 are definitely more than the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is wasting up to $800 each year so shop around at every renewal to make sure the price is not too high.

Why Informed Drivers Pay Less for Mercedes-Benz E350 Insurance

Multiple criteria are considered when pricing auto insurance. Some factors are common sense such as traffic violations, although others are not as apparent such as whether you are married or your commute time.

How’s your driving record? – Having a clean driving record influences premium rates substantially. Careful drivers get better prices compared to bad drivers. Even a single moving violation may increase your cost substantially. Drivers with severe citations like hit and run, DWI or reckless driving convictions may be required to prove financial responsibility with their state in order to legally drive a vehicle.

The diagram below demonstrates how citations and fender-benders can drive up Mercedes-Benz E350 insurance prices for different ages of insureds. The rate quotes are based on a married male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Married people drive safer – Your spouse may cut your premiums on your auto insurance bill. Having a spouse generally demonstrates drivers are more mature and statistics prove drivers who are married file infrequent claims.

High premiums for younger drivers – Inexperience drivers have a tendency to be easily distracted when driving with friends so auto insurance rates are higher. Older, more experienced drivers have been proven to be more responsible, tend to file fewer claims, and usually have better credit.

The following data uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Tough occupation may mean higher rates – Do you have a high-stress occupation? Jobs like military generals, executives, and financial analysts tend to pay higher average rates due to high stress levels and extremely grueling work hours. Conversely, careers such as farmers, historians and homemakers pay the least.

Better auto insurance rates on safer vehicles – Cars with five star safety ratings tend to have lower insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection means less money paid by your insurance company and cheaper rates on your policy. If your Mercedes-Benz E350 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.

Rates impacted by vehicle usage – Driving more miles annually the more you’ll pay to insure it. The majority of insurers charge rates based upon how the vehicle is primarily used. Vehicles that have low annual miles can get a lower rate than those that get driven frequently. Incorrect rating for your E350 may be costing you. Make sure your policy is showing how each vehicle is driven, because improper ratings can cost you money.

Gals tend to be lower risk – Over the last 30 years, statistics show women are more cautious behind the wheel. This data doesn’t prove that men are WORSE drivers than women. Both genders are responsible for accidents at a similar rate, but males tend to have more serious accidents. Men also statistically get cited for more serious violations such as reckless driving.

The diagram below compares Mercedes-Benz E350 car insurance rates for male and female drivers. The rate quotes are based on no violations or claims, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Only buy extra coverages you need – There are quite a few optional add-on coverages that you can buy if you don’t pay attention. Things like personal injury protection, high-cost glass coverage, and membership fees are some examples. These may sound like a good investment when you first buy your policy, but your needs may have changed so get rid of them and save.

Don’t give up on affordable premiums

We’ve covered many ways to find cheap Mercedes-Benz E350 insurance in El Paso. The key thing to remember is the more companies you get rates for, the better likelihood of getting affordable Mercedes-Benz E350 insurance quotes. You may even find the lowest priced insurance comes from a small local company.

Budget-conscious Mercedes-Benz E350 insurance can be purchased both online in addition to local insurance agencies, and you should be comparing both to have the best chance of lowering rates. A few companies may not have internet price quotes and most of the time these small, regional companies sell through local independent agents.

When you buy El Paso auto insurance online, never sacrifice coverage to reduce premiums. In many cases, someone sacrificed full coverage only to regret at claim time that the savings was not a smart move. The goal is to get the best coverage possible for the lowest price and still be able to protect your assets.

Steps to finding low-cost rates for Mercedes-Benz E350 insurance in El Paso

Really, the only way to get affordable Mercedes-Benz E350 insurance is to compare quotes annually from insurance carriers who sell auto insurance in El Paso.

• First, spend some time learning about how insurance companies determine prices and the measures you can control to keep rates in check. Many risk factors that result in higher rates like at-fault accidents and a bad credit score can be remedied by making minor changes in your lifestyle.
• Second, request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can quote rates from multiple companies.
• Third, compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate, verify that coverage does not lapse between policies.
• Fourth, provide adequate notice to your current company of your decision to cancel your current coverage and submit payment along with a signed and completed policy application for the new policy. As soon as coverage is bound, keep your new certificate verifying coverage in your glove compartment.

An essential thing to point out is to make sure you’re comparing identical coverages on each quote and and to get rates from as many companies as feasibly possible. Doing this provides a fair price comparison and a complete rate analysis.

Additional information is available on the following sites:

• Can I Drive Legally without Insurance? (Insurance Information Institute)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Anti-Lock Brake FAQ (iihs.org)