Finding cheaper coverage rates on Mercedes-Benz E350 insurance in Philadelphia is frustrating for drivers new to comparing prices online. With so many insurance agents and insurers available, it can easily become a lot of work to locate the lowest coverage rates.
It goes without saying that insurance companies don’t want policyholders to shop around. People who shop for lower rates are inclined to switch companies because they stand a good chance of finding better rates. A recent survey found that consumers who compared prices once a year saved approximately $3,450 over four years compared to policyholders who don’t regularly compare prices.
If finding the lowest price for car insurance in Philadelphia is your ultimate goal, then having some insight into how to shop for insurance coverage can make it simple to find affordable coverage.
Consumers need to take a look at other company’s rates every six months since prices change regularly. Just because you had the best deal on Mercedes-Benz E350 insurance in Philadelphia on your last policy you can probably find a better premium rate now. Forget anything you know (or think you know) about car insurance because you’re about to learn the quickest way to find lower rates on car insurance.
Learn How to Buy Auto Insurance More Affordably
Many different elements are taken into consideration when quoting car insurance. Some are pretty understandable like an MVR report, but other criteria are more transparent like your vehicle usage or your financial responsibility. One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that play a part in calculating your auto insurance rates. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that can help you get big savings.
- Combine policies and save money – Most larger auto insurance companies apply lower prices to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even with this discount, you may still want to compare other Philadelphia E350 insurance rates to verify if the discount is saving money.
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Gender and auto insurance costs – Statistics demonstrate women are more cautious behind the wheel. It does not mean females are better at driving than males. They both have fender benders at a similar rate, but guys have costlier accidents. Men also statistically get cited for more serious violations such as DWI and reckless driving. Male teenagers tend to get in the most accidents so it costs more to insure them.
The example below shows the comparison of Mercedes-Benz E350 car insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single status, and no policy discounts are applied.
- Increase deductibles to save – The deductibles tell how much the insured will be required to pay if the claim is covered. Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered could be colliding with a stationary object, animal collisions, or theft of your vehicle. The more damage repair cost you have to pay, the lower your rates will be.
- Urban areas may pay more – Choosing to live in less populated areas of the country can be a good thing when it comes to auto insurance. Drivers in populated areas regularly have congested traffic and a longer drive to work. Fewer drivers means fewer accidents as well as less vandalism and auto theft.
How much does Mercedes-Benz E350 insurance in Philadelphia cost?
Just remember that comparing more rates from different companies helps improve the odds of finding the best price. Some smaller insurers do not give Philadelphia E350 insurance quotes online, so you need to compare prices from those companies as well.
The following companies are ready to provide quotes in Philadelphia, PA. If multiple providers are shown, it’s highly recommended you visit two to three different companies in order to find the cheapest rates.
Coverage statistics and figures
The rate table shown next showcases estimates of rate quotes for Mercedes-Benz E350 models. Having a better idea how insurance policy premiums are calculated can help guide drivers when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $220 | $568 | $378 | $22 | $114 | $1,302 | $109 |
| E350 4-Dr Sedan | $242 | $510 | $294 | $18 | $88 | $1,152 | $96 |
| E350 with 4-MATIC 4-Dr Sedan | $242 | $510 | $294 | $18 | $88 | $1,152 | $96 |
| Get Your Own Customized Quote Go | |||||||
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can affect premiums significantly.
Auto insurance deductibles
When buying auto insurance, a common question is how high should the physical damage deductibles be. The rates shown below approximate how much more you’ll pay when you select higher and lower physical damage deductibles. The first data set uses a $100 physical damage 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 | $356 | $876 | $280 | $16 | $84 | $1,637 | $136 |
| E350 4-Dr Sedan | $392 | $786 | $218 | $12 | $66 | $1,499 | $125 |
| E350 with 4-MATIC 4-Dr Sedan | $392 | $786 | $218 | $12 | $66 | $1,499 | $125 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $198 | $462 | $280 | $16 | $84 | $1,040 | $87 |
| E350 4-Dr Sedan | $218 | $414 | $218 | $12 | $66 | $928 | $77 |
| E350 with 4-MATIC 4-Dr Sedan | $218 | $414 | $218 | $12 | $66 | $928 | $77 |
| Get Your Own Customized Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in Philadelphia location which can increase or decrease premium rates noticeably.
Based on the figures above, using a $100 deductible costs an average of $49 more each month or $588 each year averaged for all E350 models than opting for the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have at least 18 months between claim filings, you would save more money if you elect the higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $100 deductibles: | $129 |
| Average monthly premium for $1,000 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $49 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $49 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
Full coverage versus liability-only in Philadelphia
The chart below shows the difference between Mercedes-Benz E350 yearly insurance costs with full coverage compared to only the Pennsylvania minimum liability coverage. The rate quotes are based on no violations or accidents, $100 deductibles, drivers are single, and no discounts are applied.
Should you pay for full coverage or liability only?
There is no exact formula of when to exclude full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Mercedes-Benz E350 settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $8,000 after paying your policy deductible. If you are paying over $800 annually to have full coverage, then you may want to consider only buying liability coverage.
There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Why you need to buy car insurance
Despite the high cost of buying insurance for a Mercedes-Benz E350 in Philadelphia, maintaining insurance is required for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability insurance coverage in order to be legal. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your E350 has a loan, more than likely the lender will have a requirement that you buy full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may insure your Mercedes-Benz at a more expensive rate and require you to reimburse them for the expensive policy.
Third, insurance safeguards both your Mercedes-Benz and your personal assets. It will also pay for most medical and hospital costs for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying car insurance definitely exceed the price paid, particularly when you have a large claim. On average, a vehicle owner in Philadelphia is overpaying more than $850 per year so compare rates at every policy renewal to ensure rates are competitive.
Auto insurance policy discounts you can’t miss
Auto insurance is not inexpensive, but you may be missing some discounts that you may not know about. Some trigger automatically at the time you complete a quote, but some must be inquired about in order for you to get them.
- Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.
- Paper-free Discount – A few larger online companies will discount your bill up to fifty bucks for completing your application on your computer.
- Distant Student – Older children who live away from home at college without a vehicle on campus can receive lower rates.
- Driver Education Discount – Require your teen driver to enroll and complete driver’s education in school or through a local driver safety program.
- Save with a New Car – Buying a new car instead of a used E350 can cost up to 25% less due to better safety requirements for new vehicles.
- Driver Safety – Taking part in a safe driver course can save you 5% or more and also improve your driving technique.
- Data Collection Discounts – People who choose to allow driving data submission to look at driving patterns remotely such as Progressive’s Snapshot could see a rate decrease if their driving habits are good.
Just know that most discount credits are not given to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, you’re out of luck.
The illustration below visualizes the comparison of Mercedes-Benz E350 auto insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no accidents or driving violations, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, marriage, safe-driver, and multi-policy discounts applied.
Larger auto insurance companies and their possible discounts are shown below.
- American Family offers discounts for accident-free, bundled insurance, TimeAway discount, multi-vehicle, and early bird.
- State Farm includes discounts for good driver, Steer Clear safe driver discount, Drive Safe & Save, defensive driving training, and student away at school.
- 21st Century offers discounts including theft prevention, homeowners, 55 and older, teen driver, automatic seat belts, and driver training.
- Travelers has discounts for multi-policy, student away at school, good student, payment discounts, driver training, save driver, and hybrid/electric vehicle.
- GEICO has savings for driver training, multi-vehicle, membership and employees, air bags, anti-lock brakes, and anti-theft.
Double check with all companies you are considering to apply every possible discount. All car insurance discounts may not be available in your state. For a list of insurance companies with discount auto insurance rates in Philadelphia, click here.
Get rate quotes but work with a local neighborhood Philadelphia car insurance agent
A small number of people would rather talk to a local agent and doing so can bring peace of mind The best thing about price shopping on the web is that you can obtain cheap rate quotes and still choose a local agent.
Once you complete this quick form, the quote information is instantly submitted to participating agents in Philadelphia who want to provide quotes for your coverage. You don’t have to find an agent since rate quotes are delivered to your email. You can get cheaper insurance rates and a licensed agent to talk to. In the event you want to quote rates from a specific insurance company, just find their quoting web page and fill out their quote form.
Picking a insurer should depend on more than just the price. The answers to these questions are important, too.
- How long have they been in business?
- Is their price quote a firm figure or are their hidden costs?
- Do they specialize in personal lines auto insurance in Philadelphia?
- Are aftermarket or OEM parts used to repair vehicles?
- What will you get paid if your car is a total loss? How is that amount determined?
If you want to buy insurance from a reliable insurance agency, it’s important to understand the types of insurance agents and how they differ in how they quote coverages. Philadelphia agents are classified as either independent (non-exclusive) or exclusive.
Exclusive Agents
Exclusive agencies can only provide pricing for a single company and examples are Farmers Insurance, State Farm, or Allstate. They usually cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually quite knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Some people will only use the same agent primarily because of the prominence of the brand instead of buying on price only.
Below is a short list of exclusive agents in Philadelphia that can give you price quote information.
- Ahida Garcia – State Farm Insurance Agent
716 Adams Ave Ste 8 – Philadelphia, PA 19124 – (215) 533-5550 – View Map - John Nicolucci – State Farm Insurance Agent
6001 Ridge Ave – Philadelphia, PA 19128 – (215) 482-7000 – View Map - Alden Thomas – State Farm Insurance Agent
7983 Oxford Ave – Philadelphia, PA 19111 – (215) 745-3700 – View Map
Independent Agents
These type of agents do not have single company limitations so they can write business with lots of companies and help determine which has the cheapest rates. If your agent finds better pricing, they simply move your policy to a different company which requires no work on your part.
When comparing insurance prices, we recommend you get quotes from several independent insurance agents so that you have a good selection of quotes to compare. Many can place coverage with additional companies that you may not be familiar with that may provide cheaper insurance rates.
Shown below is a list of independent agents in Philadelphia that are able to give rate quotes.
- McCollum Insurance Agency
4169 Main St – Philadelphia, PA 19127 – (215) 508-9000 – View Map - Goebel Insurance Agency, Inc.
2026 S 12th St – Philadelphia, PA 19148 – (215) 465-9311 – View Map - Juniata Ins Agency
1206 E Hunting Park Ave – Philadelphia, PA 19124 – (215) 533-9701 – View Map
Different people need different insurance coverages
When it comes to the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s and your insurance should be unique as well.
For instance, these questions may help you determine if you could use an agent’s help.
- Am I covered when pulling a rental trailer?
- Am I covered if I back into my garage door?
- If my car is totaled with they pay enough to replace it?
- Is my Mercedes-Benz E350 covered for flood damage?
- Do I need higher collision deductibles?
- What is UM/UIM insurance?
- Does coverage extend to a rental car in a foreign country?
- Will my insurance pay for OEM parts?
- Does coverage extend to Mexico or Canada?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Affordable auto insurance prices are available
Some insurance companies do not offer the ability to get quotes online and most of the time these regional insurance providers work with independent insurance agents. Cheaper Mercedes-Benz E350 insurance in Philadelphia can be found both online as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money.
We covered quite a bit of information on how to get a better price on Mercedes-Benz E350 insurance in Philadelphia. The key thing to remember is the more rate comparisons you have, the better likelihood of getting low cost Philadelphia auto insurance quotes. Consumers may even find the lowest priced auto insurance comes from a smaller regional carrier. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.
As you quote Philadelphia auto insurance, never reduce coverage to reduce premium. In many instances, an insured dropped comprehensive coverage or liability limits only to regret that the savings was not a smart move. Your goal should be to buy enough coverage at the best cost, but don’t skip important coverages to save money.
More detailed auto insurance information is available in these articles:
- Auto Theft Statistics (Insurance Information Institute)
- Who Has the Cheapest Philadelphia Car Insurance for a Nissan Versa? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Honda CR-V in Philadelphia? (FAQ)
- Who Has Affordable Auto Insurance for Retired Military in Philadelphia? (FAQ)
- How Much are Car Insurance Quotes for a 20 Year Old Male in Philadelphia? (FAQ)
- Collision Insurance Coverage (Nationwide)
- Child Safety Seats (Insurance Information Institute)
- Smart Auto Insurance Tips (Insurance Information Institute)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)