Compare Mercedes-Benz E350 Insurance Rates in Philadelphia

Discount Mercedes-Benz E350 insuranceFinding 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.

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.

Mercedes-Benz E350 Insurance Rates in Philadelphia, PA
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
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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.

Mercedes-Benz E350 insurance prices with $100 deductibles
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
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Mercedes-Benz E350 insurance prices with $1,000 deductibles
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
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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.Save money with discounts

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.

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.

Insurance agency in PhiladelphiaOnce 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.

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.

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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.

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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.Safe vehicles cost less to insure
For instance, these questions may help you determine if you could use an agent’s help.

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.

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