Cheap Mercedes-Benz E350 Insurance in Oakland

We don’t have to point out that fact that car insurance companies want to keep you from shopping around. Insureds who shop around annually are inclined to buy a new policy because there is a good probability of getting low-cost coverage. A study showed that people who routinely compared quotes saved approximately $3,450 over four years compared to people who never shopped around for lower prices.

If finding low prices for Mercedes-Benz E350 insurance in Oakland is why you’re here, knowing how to get rate quotes and compare insurance premiums can make the process less intimidating.

To save the most money, the best way to get affordable Mercedes-Benz E350 insurance in Oakland is to start comparing prices regularly from different companies who can sell car insurance in California. This can be done by completing these steps.

1. It will benefit you to learn about how companies set rates and the measures you can control to prevent rate increases. Many policy risk factors that result in higher rates such as traffic violations, accidents, and an unacceptable credit score can be rectified by making lifestyle changes or driving safer. This article gives the details to get better rates and find discounts that may have been missed.
2. Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or State Farm, while agents who are independent can quote rates from multiple sources. Begin your rate comparison
3. Compare the quotes to the premium of your current policy to see if switching to a new carrier will save money. If you can save some money and change companies, ensure coverage does not lapse between policies.
4. Tell your current company of your decision to cancel your current coverage. Submit any necessary down payment along with the completed application to the newly selected company. Be sure to put the new proof of insurance paperwork with your vehicle’s registration.

One tip to remember is to make sure you enter the same level of coverage on every quote request and to quote with every company you can. This guarantees an accurate price comparison and a good representation of prices.

If you are already insured or are looking for a new policy, you can follow these tips to buy cheaper auto insurance without reducing coverage. These tips will introduce you to how car insurance companies work and also pocket some savings Vehicle owners just have to understand the quickest way to quote multiple rates from many companies at once.

How Insurance Providers Determine Mercedes-Benz E350 Insurance Costs

Lots of factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but other factors are more obscure like your vehicle usage or how financially stable you are.

Listed below are some of the major factors used by your company to calculate premiums.

• Rates increase with driving citations – A bad driving record has a big impact on rates. Even one chargeable violation may cause rates to rise by as much as twenty percent. Drivers who don’t get tickets get better prices than bad drivers. Drivers who get dangerous tickets like DUI or reckless driving may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to drive a vehicle legally.

  The chart below highlights how speeding tickets and accident claims can impact Mercedes-Benz E350 car insurance costs for different insured age categories. The price estimates are based on a single female driver, full coverage, $500 deductibles, and no additional discounts are factored in.

• Protect yourself with liability – Liability coverage will protect you in the event that you are found liable for causing damage or personal injury in an accident. Liability provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
• Raising physical damage deductibles saves money – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. A few examples of covered claims are running into the backend of another car, damage caused by hail, or theft. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. The more damage repair cost you pay before a claim is paid (deductible), the lower your rates will be.
• Cars with good safety ratings cost less to insure – Safe vehicles tend to have better insurance rates. Vehicles engineered for safety have better occupant injury protection and fewer injuries means less money paid by your insurance company and more competitive rates for policyholders. If your Mercedes-Benz scored better than four stars on Safercar.gov it may be receiving lower rates.

• Your age impacts your premiums – Older, more experienced drivers are shown to be more cautious, file fewer claims, and tend to be get fewer driving tickets. Beginning drivers are statistically proven to be careless and easily distracted with other occupants in the car therefore insurance rates are much higher.

  The following data is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

• More performance means more cost – The type of car you need insurance for makes a significant difference in your auto insurance rates. The lowest rates are for low performance passenger models, but other factors influence the final cost greatly.

  The data below assumes a single female driver age 40, full coverage with $500 deductibles, and no discounts or violations. The data compares Mercedes-Benz E350 policy rates compared to other makes and models that have a range of performance risks.

• Prevent policy lapses – Not having insurance is illegal and as a result your rates will increase for letting your insurance coverage expire. Not only will you pay higher rates, failure to provide proof of insurance could earn you a hefty fine and possibly a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with the California motor vehicle department.
• Annual miles is a factor – The higher the miles on your Mercedes-Benz every year the higher your rate. A lot of insurance companies charge rates based on how the vehicle is used. Cars that are left in the garage can be on a lower rate level than vehicles that are driven to work every day. An incorrectly rated E350 may be wasting your money. Ask your agent if your insurance declarations sheet shows the correct driver usage, because improper ratings can cost you money.

Coverage statistics and figures

The coverage table shown below highlights a range of insurance prices for Mercedes-Benz E350 models. Having a better idea how rates are calculated can help you make smart choices when purchasing an auto insurance policy.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific zip code location which can lower or raise insurance rates greatly.

Policy deductible comparison

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The tables below may help to conceptualize the premium difference of buying low and high insurance deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in vehicle garaging location which can revise coverage rates significantly.

Based on the above data, using a $250 deductible costs approximately $24 more each month or $288 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have more than 10 months between claim filings, you would probably save some money if you decide on a higher deductible.

The illustration below demonstrates how deductible levels and can raise or lower Mercedes-Benz E350 insurance prices for different age groups of insureds. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are factored in.

Full coverage or liability only

The example below illustrates the comparison of Mercedes-Benz E350 insurance prices when comparing full coverage to liability only. The premiums are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no clear-cut formula to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Mercedes-Benz E350 book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after you pay the deductible. If it’s costing in excess of $400 annually for your policy with full coverage, then you might consider buying liability only.

There are some cases where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Lower rate quotes with discounts

Insurance is not cheap nor is it fun to buy but there may be some discounts that may help make it more affordable. Certain discounts will be applied when you complete an application, but once in a while a discount must be asked for before being credited.

• ABS Brakes – Cars with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
• Telematics Discount – Drivers who elect to allow driving data submission to analyze driving habits by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction as long as the data is positive.
• Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.
• First Accident Forgiveness – This isn’t a discount exactly, but some insurance companies may permit one accident before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
• Discount for Home Ownership – Simply owning a home can earn you a little savings because owning a home means you have a higher level of financial diligence.
• Discounts for Government Workers – Employees or retirees of the government could cut as much as 10% off depending on your company.
• Early Switch Discount – A few companies offer discounts for buying a policy prior to the expiration date on your current E350 insurance policy. This can save 10% or more.
• Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school or through a local driver safety program.

Policy discounts save money, but most credits do not apply to the whole policy. Some only reduce individual premiums such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, you aren’t that lucky.

The chart below visualizes the comparison of Mercedes-Benz E350 car insurance costs with and without discounts applied. The premiums are based on a female driver, no claims, a clean driving record, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, multi-car, safe-driver, and marriage discounts applied.

Some of the larger companies that may include some of the above discounts include:

• GEICO
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

If you want inexpensive Oakland auto insurance quotes, ask every insurance company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in Oakland. If you would like to see a list of insurers with the best Mercedes-Benz E350 insurance discounts in Oakland, click here to view.

Smart shoppers get results

We just presented a lot of techniques to lower your Mercedes-Benz E350 insurance premium rates in Oakland. The key thing to remember is the more providers you compare, the higher your chance of finding affordable Oakland auto insurance quotes. You may even find the lowest premium rates come from a lesser-known regional company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.

Lower-priced auto insurance in Oakland is attainable both online and from local agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers do not offer rates over the internet and usually these small, regional companies provide coverage only through independent agents.

Other learning opportunities

• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance Rates for a Chevrolet Traverse in Oakland? (FAQ)
• How Much are Auto Insurance Rates for a Nissan Altima in Oakland? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Subaru Impreza in Oakland? (FAQ)
• Safety Belts FAQ (iihs.org)
• Auto Insurance Learning Center (State Farm)