Cheapest Insurance for a Mercedes-Benz E350 in Colorado Springs

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It's safe to assume that auto insurance companies don't want you to look for cheaper rates. Insureds who get price comparisons are likely to switch companies because there is a good probability of finding a policy with better rates. A study discovered that consumers who compared prices regularly saved on average $3,400 over four years compared to other drivers who never compared other company's rates.

If finding low prices for Mercedes-Benz E350 insurance is your ultimate goal, then having some insight into how to get rate quotes and compare insurance rates can make it easier to find better rates.

Discount Mercedes-Benz E350 insuranceThe most effective way to find low-cost prices for auto insurance rates in Colorado Springs is to regularly compare price quotes from different companies in Colorado. You can compare rates by following these steps.

  • Step 1: Gain an understanding of car insurance and the modifications you can make to prevent expensive coverage. Many rating criteria that cause high rates such as high-risk driving behaviors and poor credit history can be improved by making minor changes in your lifestyle. Keep reading for more details to help reduce prices and get bigger discounts that may have been overlooked.
  • Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
  • Step 3: Compare the quotes to your existing policy and determine if there is any savings. If you can save money, ensure coverage does not lapse between policies.
  • Step 4: Notify your current company to cancel your existing policy. Submit payment and a signed application for your new coverage. As soon as coverage is bound, place your new certificate verifying proof of insurance in your vehicle's glove compartment or console.

An important bit of advice to remember is to compare the same coverage limits and deductibles on each price quote and and to get rates from as many carriers as you can. Doing this enables a level playing field and plenty of rates choose from.

Seven discounts for cheaper car insurance rates

Companies that sell car insurance do not advertise all available discounts in a way that's easy to find, so the next list breaks down some of the more common as well as some of the hidden credits available to bring down your rates.Cheaper car insurance with discounts

  • Memberships - Having an affiliation with a civic or occupational organization in Colorado Springs is a good way to get lower rates when shopping for car insurance.
  • Federal Employees - Having worked for a branch of the government could qualify for a slight premium decrease but check with your company.
  • Pay Early and Save - If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Discount for Swiching Early - Some car insurance companies reward drivers for buying a new policy prior to your current E350 insurance policy expiring. You can save around 10% with this discount.
  • ABS Brakes - Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
  • Anti-theft Discount - Vehicles that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Multiple Cars - Buying insurance for all your vehicles with the same car insurance company can get a discount for every vehicle.

Please keep in mind that most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn't stay in business.

The diagram below shows the difference between Mercedes-Benz E350 insurance costs with and without discounts. The costs are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, multi-policy, claim-free, and marriage discounts applied.

Companies that may include some of the discounts shown above possibly include:

It's a good idea to ask each company which discounts you may be entitled to. All car insurance discounts may not apply to policyholders in your area. To locate insurance companies with discount car insurance rates in Colorado Springs, click here.

The best way we recommend to compare insurance rates from multiple companies is to know the fact all the major auto insurance companies have advanced systems to give free rates quotes. All consumers are required to do is provide a small amount of information like the make and model of your vehicles, if a SR-22 is needed, driver details, and coverage limits. Your insurance information is then sent to multiple car insurance providers and you receive quotes immediately.

To start a quote now, click here then complete the form.

The companies shown below can provide comparison quotes in Colorado. If you want to find the best cheap car insurance in Colorado Springs, CO, we suggest you visit several of them to find the most affordable car insurance rates.

Auto insurance analysis for a Mercedes-Benz E350

The rate table displayed below outlines a range of rate quotes for Mercedes-Benz E350 models. Having a good understanding how insurance rates are figured can assist in making smart choices when comparing insurance rates.

Mercedes-Benz E350 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $364 $1056 $388 $22 $116 $1,946 $162
E350 4-Dr Sedan $402 $946 $302 $18 $90 $1,758 $147
E350 with 4-MATIC 4-Dr Sedan $402 $946 $302 $18 $90 $1,758 $147
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can change prices significantly.

Can higher deductibles save money?

One of the most common auto insurance questions is how high should the physical damage deductibles be. The rates below may help to illustrate the price difference when you select higher and lower policy deductibles. The first pricing table uses a $100 deductible for physical damage and the second price chart uses a $500 deductible.

Mercedes-Benz E350 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $380 $936 $298 $18 $90 $1,747 $146
E350 4-Dr Sedan $420 $838 $232 $14 $70 $1,599 $133
E350 with 4-MATIC 4-Dr Sedan $420 $838 $232 $14 $70 $1,599 $133
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Mercedes-Benz E350 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $278 $632 $298 $18 $90 $1,316 $110
E350 4-Dr Sedan $306 $566 $232 $14 $70 $1,188 $99
E350 with 4-MATIC 4-Dr Sedan $306 $566 $232 $14 $70 $1,188 $99
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in your specific Colorado Springs location which can influence auto insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $34 more each month or $408 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 12 months between claim filings, you would most likely save money by going with a higher deductible. Below is the way this determination is made.

Average monthly premium for $100 deductibles: $137
Average monthly premium for $500 deductibles (subtract): - $103
Monthly savings from raising deductible: $34
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

An important thing to remember is that higher deductibles results in more money out-of-pocket when you have to file a claim. You will want to have enough disposable income in the event you need to pay the higher deductible.

Difference between liability only and full coverage rates

The example below illustrates the comparison of Mercedes-Benz E350 auto insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no claims or violations, $500 deductibles, single marital status, and no policy discounts are applied.

Should you buy full coverage or liability only?

There is no set guideline for eliminating full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Mercedes-Benz E350 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after paying your policy deductible. If premiums are more than $500 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

It's not one size fits all

When buying insurance from an agent or online, there really is no one-size-fits-all type of policy. Each situation is unique and a cookie cutter policy won't apply.Safe vehicles cost less to insure For instance, these questions may help highlight whether or not you may require specific advice.

  • Do I need replacement cost coverage on my Mercedes-Benz E350?
  • Is my custom paint covered by insurance?
  • What is no-fault insurance?
  • Am I covered when driving someone else's vehicle?
  • Who does medical payments coverage extend to?
  • What is an adequate liability insurance limit?
  • Does my medical payments coverage pay my health insurance deductible?
  • Are rental cars covered under my policy?
  • Do I need to file an SR-22 for a DUI in Colorado?
  • Can good grades get a discount?

If you don't know the answers to these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.

Getting quotes from local Colorado Springs car insurance agents

Many people just prefer to talk to an insurance agent and that is recommended in a lot of cases The best thing about comparing rate quotes online is that you can obtain cheap car insurance rates but still work with a licensed agent.

Insurance agents in Colorado SpringsFor easy comparison, once you complete this simple form, your coverage information is immediately sent to insurance agents in Colorado Springs that can give you free Colorado Springs auto insurance quotes to get your business. It's much easier because you don't need to contact any insurance agencies because prices are sent to you directly. You can find better rates without requiring a lot of work. If for some reason you want to get a price quote from a particular provider, feel free to find their quoting web page and fill out their quote form.

Finding the right insurer requires more thought than just the bottom line cost. These are some questions you should get answers to.

  • How many years of experience in personal auto insurance do they have?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Will the agent or a CSR service your policy?
  • What companies can they write with?
  • Do they carry Errors and Omissions coverage?

Shown below is a list of car insurance companies in Colorado Springs that can give you rate quotes for Mercedes-Benz E350 insurance in Colorado Springs.

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Coverage specifics

Having a good grasp of insurance can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types available from insurance companies.

Comprehensive or Other Than Collision - This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like theft, hitting a deer and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision - Collision insurance covers damage to your E350 resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like rolling your car, crashing into a building, hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to raise the deductible on your E350 to save money on collision insurance.

UM/UIM Coverage - This gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Mercedes-Benz E350.

Because many people have only the minimum liability required by law (25/50/15), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability insurance - This coverage can cover damages or injuries you inflict on people or other property by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/15 which means $25,000 in coverage for each person's injuries, $50,000 for the entire accident, and a total limit of $15,000 for damage to vehicles and property.

Liability coverage pays for things like court costs, repair costs for stationary objects, medical services, repair bills for other people's vehicles and funeral expenses. How much liability should you purchase? That is your choice, but it's cheap coverage so purchase as large an amount as possible. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing better liability coverage.

The chart below demonstrates why minimum state limits may not provide adequate coverage.

Medical costs insurance - Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like EMT expenses, X-ray expenses, ambulance fees, rehabilitation expenses and hospital visits. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Don't give up on cheap premiums

Discount Mercedes-Benz E350 insurance in Colorado Springs can be sourced from both online companies and also from your neighborhood Colorado Springs agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who don't offer online quoting and most of the time these smaller companies only sell through independent agents.

We just presented some good ideas how to find cheap Mercedes-Benz E350 insurance in Colorado Springs. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even discover the best prices are with a small local company. Regional companies may only write in your state and offer lower rates than the large multi-state companies such as State Farm and Allstate.

Additional detailed information can be read at these sites: