Anyone knows that insurance companies don’t want you to look for a cheaper policy. Insureds who perform rate comparisons are very likely to switch to a new company because there is a significant possibility of finding good coverage at a lower price. A recent survey discovered that drivers who made a habit of comparing rates saved $70 a month compared to those who never shopped around for better prices.
If finding the lowest price for car insurance in Dallas is why you’re here, learning how to get price quotes and compare car insurance can make it simple to find affordable coverage.
The recommended way to get discount Mercedes-Benz E350 insurance is to make a habit of regularly comparing prices from providers who sell auto insurance in Dallas. You can compare rates by following these guidelines.
Step 1: It will benefit you to learn about how auto insurance works and the measures you can take to lower rates. Many factors that result in higher prices like speeding and an imperfect credit history can be remedied by improving your driving habits or financial responsibility. Later in this article we will cover the details to help reduce prices and earn larger discounts.
Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO and State Farm, while agents who are independent can give you price quotes from many different companies.
Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find better rates, ensure coverage does not lapse between policies.
An important part of this process is to make sure you enter identical coverages on each quote and and to get rates from as many carriers as you can. Doing this ensures a level playing field and the best rate selection.
Choosing the best rates in Dallas is easy if you know what you’re doing. Practically everyone who has to purchase car insurance will more than likely find a lower-cost company. But Texas vehicle owners need to have an understanding of how insurance companies determine how much to charge and use it to your advantage.
Rates and other information
The information displayed next showcases estimates of insurance premium costs for Mercedes-Benz E350 models. Being aware of how insurance premiums are determined can help drivers make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $208 | $492 | $334 | $20 | $100 | $1,154 | $96 |
| E350 4-Dr Sedan | $230 | $440 | $260 | $16 | $78 | $1,024 | $85 |
| E350 with 4-MATIC 4-Dr Sedan | $230 | $440 | $260 | $16 | $78 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Information does not factor in vehicle garaging location which can affect premiums greatly.
Policy deductibles
One common question asked by Dallas drivers is how high or low should comp and collision deductibles be. The premium rates below can help show how much more rates are between high and low deductibles. The first rate table uses a $100 deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $412 | $1014 | $324 | $20 | $96 | $1,891 | $158 |
| E350 4-Dr Sedan | $454 | $908 | $252 | $14 | $76 | $1,729 | $144 |
| E350 with 4-MATIC 4-Dr Sedan | $454 | $908 | $252 | $14 | $76 | $1,729 | $144 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $228 | $534 | $324 | $20 | $96 | $1,202 | $100 |
| E350 4-Dr Sedan | $252 | $478 | $252 | $14 | $76 | $1,072 | $89 |
| E350 with 4-MATIC 4-Dr Sedan | $252 | $478 | $252 | $14 | $76 | $1,072 | $89 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in your specific Dallas location which can influence rates considerably.
Based on these figures, using a $100 deductible costs roughly $56 more each month or $672 for a full year across all Mercedes-Benz E350 models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 16 months between claim filings, you would come out ahead going with the higher deductible.
Mercedes-Benz E350 insurance costs by age and gender
The diagram below illustrates the difference between Mercedes-Benz E350 insurance premiums for male and female drivers. The costs are based on no accidents or driving violations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are factored in.
Does it make sense to buy full coverage?
The information below shows the difference between Mercedes-Benz E350 auto insurance costs when comparing full coverage to state minimum liability only. Data assumes no claims or violations, $250 deductibles, single marital status, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no exact rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s say your Mercedes-Benz E350 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $6,000 after the policy deductible has been paid. If you are paying over $600 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some cases where dropping full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Mercedes-Benz E350 insurance discounts in Dallas
Not too many consumers would say auto insurance is affordable, but there could be available discounts that can help lower your rates. Some of these discounts will be visible at the time of purchase, but occasionally some discounts must be specifically requested before they will apply.
- Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
- Memberships – Affiliation with qualifying employment or professional organizations could qualify you for a break when getting a Dallas car insurance quote.
- Accident Forgiveness – Not really a discount, but some companies like Allstate and GEICO will forgive one accident without the usual rate increase so long as you are claim-free prior to the accident.
- Drive Less and Save – Keeping the miles down on your Mercedes-Benz could earn slightly better auto insurance rates than normal.
- Save over 55 – Mature drivers may be able to get a discount up to 10%.
You can save money using discounts, but many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, that’s just not realistic. Any qualifying discounts will help reduce your overall bill.
The information below visualizes the comparison of Mercedes-Benz E350 insurance rates with and without some available policy discounts. The information is based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, multi-policy, safe-driver, and marriage discounts applied.
Insurance companies that may include these money-saving discounts are:
Before purchasing a policy, check with every prospective company the best way to save money. Some credits may not apply everywhere. If you would like to choose from a list of providers who offer discounts in Dallas, follow this link.
Insurance coverage options for a Mercedes-Benz E350
Understanding the coverages of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy.
Medical expense insurance – Med pay and PIP coverage pay for bills such as hospital visits, ambulance fees and X-ray expenses. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Coverage for liability – Liability insurance provides protection from injuries or damage you cause to other’s property or people that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 30/60/25 that means you have $30,000 bodily injury coverage, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims like medical services, attorney fees, court costs, structural damage and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford. Texas requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.
The chart below demonstrates why buying the state minimum limits may not be high enough to cover claims.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since many Texas drivers only purchase the least amount of liability that is required (Texas limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
Comprehensive (Other than Collision) – Comprehensive insurance coverage 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 insurance covers claims such as vandalism, falling objects, hail damage, a broken windshield and rock chips in glass. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Collision – This pays for damage to your E350 caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision can pay for claims like hitting a mailbox, colliding with a tree, colliding with another moving vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also increase the deductible on your E350 to bring the cost down.
How much can you save?
People change insurance companies for any number of reasons including lack of trust in their agent, an unsatisfactory settlement offer, delays in responding to claim requests and even policy non-renewal. Regardless of your reason, finding a great new company is less work than it seems.
When you buy Dallas car insurance online, it’s a bad idea to reduce needed coverages to save money. Too many times, consumers will sacrifice collision coverage and found out when filing a claim that it was a big mistake. The goal is to purchase plenty of coverage at an affordable rate, but do not sacrifice coverage to save money.
You just read some good ideas how you can get a better price on Mercedes-Benz E350 insurance in Dallas. The key thing to remember is the more you quote Dallas car insurance, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with the smaller companies.
More detailed insurance information is available at these sites:
- State Car Insurance Guides (GEICO)
- How Much is Auto Insurance for a Nissan Altima in Dallas? (FAQ)
- How Much is Dallas Car Insurance for Drivers Over Age 50? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Learners Permit in Dallas? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Vehicle Insurance (Wikipedia)
- Get the Right Protection (InsureUonline.org)
- Airbag FAQ (iihs.org)