Save Money on Mercedes-Benz E350 Insurance in Boston

If saving money is your primary concern, then the best way to quote cheaper Mercedes-Benz E350 insurance is to annually compare prices from different companies who can sell car insurance in Boston.

• First, try to learn about car insurance and the factors you can control to lower rates. Many policy risk factors that increase rates like speeding tickets, accidents and an unacceptable credit rating can be controlled by being financially responsible and driving safely.
• Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or State Farm, while agents who are independent can provide rate quotes from multiple sources.
• Third, compare the new rate quotes to your existing policy to determine if you can save on E350 insurance in Boston. If you find a better price and change companies, make sure coverage does not lapse between policies.
• Fourth, provide notification to your current agent or company to cancel your current policy and submit a down payment along with a completed application to the new company. Once the paperwork is finalized, safely store the proof of insurance certificate in your vehicle’s glove compartment or console.

One thing to remember is that you’ll want to make sure you compare identical deductibles and limits on every quote request and and to get rates from as many car insurance companies as possible. This helps ensure a level playing field and the most accurate and complete price analysis.

A recent survey discovered that about 70% of customers kept their coverage with the same insurance company for four years or more, and just under half have never even compared quotes to find affordable rates. Most drivers in the U.S. could save roughly $859 each year by just comparing quotes, but they feel it’s too difficult to go online and compare rates.

Cut Insurance Costs with These Tips

An important part of buying insurance is that you know some of the factors that go into determining the rates you pay for car insurance. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with cheaper rates.

What are your comp and collision deductibles? – Physical damage insurance, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Examples of covered claims are a dented fender, damage from fire, and damage caused by flying debris. Comprehensive and collision coverage deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The larger the amount you are required to pay out-of-pocket, the less your car insurance will be.

Do safer cars cost less to insure? – Vehicles with high crash test scores cost less to insure. Safe vehicles help reduce the chance of injuries in an accident and better occupant protection means less claims paid and lower rates for you. If the Mercedes-Benz E350 has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.

Do you really need to file those insurance claims? – If you file a lot of claims don’t be surprised to see higher premiums or even policy non-renewal. Auto insurance companies in Massachusetts generally give lower rates to policyholders who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

Is your vehicle theft-ready? – Purchasing a vehicle with a theft deterrent system can help bring down rates. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft and help bring rates down.

Policy lapses lead to higher rates – Having a lapse in insurance coverage is a quick way to pay more for car insurance. Not only will you pay more, being ticketed for driving with no insurance may result in a revoked license or a big fine. You may need to submit proof of financial responsibility or a SR-22 with the Massachusetts department of motor vehicles.

Insurance costs and driver gender – Statistics have proven that women are safer drivers than men. Now that doesn’t mean men are WORSE drivers than women. Both sexes cause fender benders in similar numbers, but males tend to have more serious accidents. Men also tend to receive more major tickets like DUI and reckless driving.

The chart below illustrates the difference between Mercedes-Benz E350 insurance prices for male and female drivers. The information is based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.

The cheapest Boston Mercedes-Benz E350 insurance price quotes online

All major insurance companies make it easy to get prices directly from their websites. Comparing Mercedes-Benz E350 insurance rates online is easy for anyone as all you need to do is type in your required coverages as detailed in the form. Behind the scenes, the quote system sends out for your driving and credit reports and provides a quote. Quoting online for Mercedes-Benz E350 insurance in Boston makes it a lot easier to compare rates and it is imperative to have as many quotes as possible in order to get a better rate.

To get comparison pricing now, take a look at the companies shown below. If you have coverage now, it’s recommended that you enter the coverage information identical to your current policy. This ensures you are getting a fair comparison based on the exact same insurance coverage.

The companies shown below offer comparison quotes in Boston, MA. In order to find cheap auto insurance in MA, we suggest you click on several of them to get the best price comparison.

Rates and detailed analysis

The rate table below showcases different insurance premium costs for Mercedes-Benz E350 models. Being able to understand how rates are established helps drivers make informed decisions when comparing rates.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rates do not factor in specific zip code location which can increase or decrease premiums noticeably.

Physical damage deductibles

One of the most common insurance questions is where to set your physical damage deductibles. The rates below summarize how much more rates are of buying low and high coverage deductibles. The first rate table uses a $100 deductible and the second pricing table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in specific zip code location which can influence premiums substantially.

We can derive from the above data that using a $100 deductible costs an average of $34 more each month or $408 a year across all Mercedes-Benz E350 models than choosing the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 12 months between claim filings, you would come out ahead if you decide on a higher deductible.

The diagram below shows how choosing a deductible and can increase or decrease Mercedes-Benz E350 insurance costs for each different age group. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Accidents and violations increase rates

The illustration below illustrates how speeding tickets and at-fault collisions increase Mercedes-Benz E350 insurance prices for different age groups of insureds. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The example below shows the comparison of Mercedes-Benz E350 insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.

When to drop comprehensive and collision

There is no exact formula of when to phase out comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Mercedes-Benz E350 replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your deductible. If it’s costing in excess of $400 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are some conditions where removing full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Why you need quality insurance for your E350

Despite the potentially high cost of Mercedes-Benz E350 insurance, insuring your vehicle is a good idea for several reasons.

• Almost all states have minimum mandated liability insurance limits which means state laws require specific limits of liability protection in order to license the vehicle. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a lien on your Mercedes-Benz, it’s most likely the lender will require you to have full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Mercedes-Benz for a much higher rate and require you to reimburse them for the expensive policy.
• Insurance safeguards both your car and your assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also covers all legal expenses up to the policy limit in the event you are sued. If your car is damaged in a storm or accident, your car insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of having insurance are definitely more than the cost, especially with large liability claims. The average driver in America is wasting up to $850 per year so it’s very important to do a rate comparison at least once a year to ensure rates are competitive.

Earn discounts to get lower-cost Boston auto insurance rates

Insuring your vehicles can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Some discounts apply automatically when you get a quote, but some may not be applied and must be asked about prior to receiving the credit. If they aren’t giving you every credit you qualify for, it’s possible you qualify for a lower rate.

• Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it will make them better drivers and lower rates.
• Air Bags and Passive Restraints – Options like air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
• Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive and will save you 10% or more on E350 insurance in Boston.
• Full Payment Discount – If paying your policy premium upfront rather than spreading payments over time you can avoid the installment charge.
• Discount for Low Mileage – Driving less could qualify for better rates on cars that stay parked.
• Own a Home and Save – Just being a homeowner may trigger a policy discount on auto insurance since home ownership is proof of financial responsibility.
• No Charge for an Accident – This one isn’t a discount, but a handful of insurance companies will turn a blind eye to one accident before raising your premiums with the catch being you have to be claim-free before the accident.
• Drive Safe and Save – Insureds who avoid accidents may save up to 50% more than drivers with accidents.
• Senior Citizens – Seniors are able to get a discount up to 10%.
• Defensive Driver – Taking part in a course teaching safe driver skills could cut 5% off your bill if your company offers it.

We need to note that most of the big mark downs will not be given to your bottom line cost. Most only reduce specific coverage prices like medical payments or collision. Despite the appearance that adding up those discounts means a free policy, it’s just not the way it works.

The information below compares Mercedes-Benz E350 insurance prices with and without discounts applied to the policy rates. Data assumes a male driver, no violations or accidents, Massachusetts state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, homeowner, safe-driver, and marriage discounts applied.

Some companies that may offer policyholders these money-saving discounts include:

• American Family
• Nationwide
• MetLife
• 21st Century
• Farmers Insurance
• Allstate

Before buying, ask each insurance company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policyholders in Boston. To choose insurers with discount rates in Boston, click here to view.

Buying from insurance agents

A lot of people still like to talk to an insurance agent and that is not a bad decision The best thing about getting free rate quotes online is that drivers can save money and get cheap auto insurance rates and still buy from a local agent.

After completing this simple form, your insurance coverage information gets sent to insurance agents in Boston who will give you bids for your coverage. You don’t have to find an agent because quoted prices will be sent to you directly. You can find lower rates without a big time investment. If you need to quote rates from a specific company, don’t hesitate to visit that company’s website and complete a quote there.

Finding a good provider shouldn’t rely on just a low price. Before buying a policy in Boston, get answers to these questions.

• Is vehicle damage repaired with OEM or aftermarket parts?
• Do they have a Better Business Bureau rating in Boston?
• Are claims handled at the agent’s location?
• If you are a high risk driver, do they have special markets for your coverage?
• Do they regularly work with personal auto policies in Boston?

What is the best car insurance company in Massachusetts?

Insuring your vehicle with the top auto insurance company can be a challenge considering how many choices you have in Boston. The information in the next section can help you analyze which car insurance companies you want to consider when comparing rate quotes.

Top 10 Boston Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Nationwide – A+
7. Esurance – A+
8. Progressive – A+
9. The Hartford – A+
10. Mercury Insurance – A+

Top 10 Boston Car Insurance Companies Overall

1. The General
2. Mercury Insurance
3. Titan Insurance
4. The Hartford
5. Progressive
6. Travelers
7. State Farm
8. Farmers Insurance
9. Safeco Insurance
10. USAA

Your car insurance coverage should be tailored to you

Always keep in mind that when comparing the right insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply.
For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

• If my pet gets injured in an accident are they covered?
• Am I covered while delivering pizza?
• What is PIP insurance?
• Why is insurance for a teen driver so high in Boston?
• What can I do if my company won’t pay a claim?
• Is motorclub coverage worth it?
• Does coverage extend to Mexico or Canada?
• When does my teenage driver need to be added to my policy?
• Am I covered if I wreck a rental car?
• Is rental equipment covered for theft or damage?

If you can’t answer these questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Don’t give up on cheap rates

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, drivers have reduced liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your goal is to buy a smart amount of coverage at the lowest possible cost while still protecting your assets.

You just read a lot of techniques to shop for Mercedes-Benz E350 insurance online. The most important thing to understand is the more you quote Boston auto insurance, the better chance you’ll have of finding inexpensive Boston auto insurance quotes. Drivers may even discover the best price on auto insurance is with a smaller regional carrier. These companies may have significantly lower premium rates on certain market segments than the large multi-state companies such as Allstate or State Farm.

Budget-conscious Mercedes-Benz E350 insurance is available on the web as well as from independent agents in Boston, so get free Boston auto insurance quotes from both of them to have the best rate selection. Some companies don’t offer rates over the internet and usually these small insurance companies only sell through independent agencies.

Even more information can be read by following these links:

• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• What is the Best Auto Insurance in Boston, Massachusetts? (FAQ)
• Steps to Take After an Auto Accident (Insurance Information Institute)
• What is Full Coverage? (Allstate)