Really, the only way to save money on Mercedes-Benz E350 insurance is to compare quotes annually from different companies in Raleigh. Rate comparisons can be done by completing these steps.
- Step 1: Try to learn about how auto insurance works and the changes you can make to keep rates low. Many things that drive up the price like traffic citations, accidents, and a negative credit score can be improved by making minor changes in your lifestyle.
- Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple companies.
- Step 3: Compare the new rates 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 switch companies, make sure there is no coverage gap between policies.
- Step 4: Provide adequate notice to your current company of your decision to cancel your existing policy. Submit a down payment and signed policy application to the new company. Don’t forget to keep your new certificate verifying proof of insurance in an easily accessible location.
One bit of advice is to make sure you’re comparing the same coverage limits and deductibles on every price quote and and to get quotes from as many car insurance companies as possible. Doing this helps ensure a level playing field and a complete selection of prices.
We don’t have to point out that fact that insurance companies want to keep you from shopping around. Insureds who shop around for cheaper prices are very likely to buy a new policy because there is a significant possibility of finding coverage at a more affordable price. A recent survey found that consumers who routinely shopped for cheaper coverage saved approximately $3,400 over four years as compared to drivers who never compared prices.
If finding the best price on car insurance is your objective, knowing the best ways to find and compare cheaper coverage can help you be more efficient.
Finding the cheapest auto insurance coverage in Raleigh is not that difficult. If you are paying for car insurance now, you will definitely be able to reduce the price you pay using the following tips. Nevertheless, North Carolina consumers must know the way companies market insurance on the web and use this information to your advantage.
The are a couple different ways to compare prices from all the different companies. The simplest method to find the cheapest Mercedes-Benz E350 insurance rates is to jump online and get quotes.
When comparing car insurance rates, know that having more price comparisons helps locate a lower rate than you’re paying now.
The companies shown below can provide quotes in Raleigh, NC. To buy the cheapest auto insurance in NC, it’s a good idea that you click on several of them to get a more complete price comparison.
Affordable Mercedes-Benz E350 insurance in Raleigh
Car insurance companies don’t list all available discounts in an easy-to-find place, so we break down some of the more common and the harder-to-find credits that may apply to you.
- Multiple Cars – Insuring multiple cars on the same car insurance policy could earn a price break for each car.
- Discount for Multiple Policies – When you have multiple policies and place coverage with the same company you could save 10% to 20% off each policy.
- Braking Control Discount – Cars and trucks equipped with ABS or steering control can reduce accidents so companies give up to a 10% discount.
- Fewer Miles Equal More Savings – Low annual miles can qualify you for better prices on cars that stay parked.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance from them.
- Discounts for Government Workers – Being employed by or retired from a federal job can earn a discount up to 10% depending on your car insurance provider.
Discounts save money, but please remember that most discounts do not apply to the entire policy premium. Most only cut the cost of specific coverages such as collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, nobody gets a free ride. Any amount of discount will lower the amount you have to pay.
The illustration below visualizes the comparison of Mercedes-Benz E350 car insurance rates with and without discounts being applied to the rates. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, North Carolina 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-car, claim-free, homeowner, marriage, safe-driver, and multi-policy discounts applied.
Popular car insurance companies and some of the premium reductions they offer are detailed below.
- GEICO may include discounts for federal employee, emergency military deployment, multi-vehicle, seat belt use, and driver training.
- Travelers offers discounts including save driver, student away at school, early quote, new car, IntelliDrive, hybrid/electric vehicle, and home ownership.
- Farm Bureau policyholders can earn discounts including renewal discount, good student, youthful driver, 55 and retired, safe driver, and multi-policy.
- Liberty Mutual has savings for teen driver discount, preferred payment discount, exclusive group savings, newly married, multi-car, and new graduate.
- American Family includes discounts for air bags, accident-free, defensive driver, Steer into Savings, and multi-vehicle.
- Progressive discounts include multi-policy, multi-vehicle, good student, online quote discount, online signing, and homeowner.
If you need low cost Raleigh auto insurance quotes, ask all companies you are considering which discounts you may be entitled to. Savings may not apply to policies in your state. To choose insurance companies that provide some of the discounts listed above in Raleigh, click this link.
Rate information and statistics
The rate information shown below highlights a range of insurance coverage prices for Mercedes-Benz E350 models. Having knowledge of how premiums are established can aid in making decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|E350 2-Dr Coupe||$188||$506||$276||$16||$82||$1,068||$89|
|E350 4-Dr Sedan||$208||$454||$214||$12||$64||$952||$79|
|E350 with 4-MATIC 4-Dr Sedan||$208||$454||$214||$12||$64||$952||$79|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific location information which can alter coverage rates greatly.
The example below illustrates how your choice of deductibles and can impact Mercedes-Benz E350 insurance costs for different age groups. The prices are based on a single female driver, comp and collision included, and no discounts are factored in.
Driving violations and accidents
The information below illustrates how speeding tickets and at-fault fender-benders can drive up Mercedes-Benz E350 auto insurance costs for each different age category. The information is based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.
Age, gender, and Mercedes-Benz E350 insurance
The information below compares Mercedes-Benz E350 car insurance costs for male and female drivers. The data is based on no violations or accidents, comp and collision included, $250 deductibles, single status, and no discounts are factored in.
Comparison of full coverage and liability-only policies
The diagram below illustrates the difference between Mercedes-Benz E350 auto insurance costs with full coverage compared to only the North Carolina minimum liability coverage. The premium estimates are based on no violations or claims, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Guidelines for dropping full coverage
There isn’t a steadfast formula for dropping physical damage coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s pretend your Mercedes-Benz E350 replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $3,000 after you pay the deductible. If it’s costing you more than $300 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few cases where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should maintain full coverage.
When to contact a local insurance agent
Some consumers would prefer to sit down and talk to an agent and that is recommended in a lot of cases The best thing about getting free rate quotes online is you may find cheap auto insurance quotes and still choose a local agent.
To help locate an agent, after submitting this quick form, the quote information is instantly submitted to local insurance agents that can give you free Raleigh auto insurance quotes to get your business. You won’t even need to search for any insurance agencies because prices are sent directly to your email. You can find lower rates AND an agent nearby. If for some reason you want to compare rates from a particular provider, just go to their quote page and submit a quote form there.
Picking the best provider requires you to look at more than just the price. The following questions are important to ask.
- How many years have they been established?
- Is the agent properly licensed in North Carolina?
- Is their price quote a firm figure or are their hidden costs?
- Are all drivers listed on the coverage quote?
- Will their companies depreciate repairs to your car based on the mileage?
- How would your car be valued if totaled?
- Does the company have a local claim office in Raleigh?
Exclusive agents vs. Independent agents
When narrowing the list to find a local agent, it helps to know the two different agency structures that you can select. Auto insurance policy providers are either independent or exclusive depending on the company they work for.
Exclusive Auto Insurance Agents
Exclusive agents normally can only provide a single company’s rates such as State Farm, Allstate, and Farm Bureau. These agents are not able to give you multiple price quotes so it’s a take it or leave it situation. Exclusive agents are trained well on the products they sell and that allows them to sell at a higher price point. Some people will only use the same exclusive agent mostly because of the brand legacy and the convenience of having a single billing for all their coverages.
Below is a list of exclusive agencies in Raleigh that are able to give price quotes.
- Amanda Hagood – State Farm Insurance Agent
5910 Duraleigh Rd #135 – Raleigh, NC 27612 – (919) 834-3615 – View Map
- Doug Wingate – State Farm Insurance Agent
2414 Wycliff Rd #110 – Raleigh, NC 27607 – (919) 787-0888 – View Map
- Allstate Insurance: Thomas Walters
5620 Six Forks Rd Ste 103 – Raleigh, NC 27609 – (919) 848-8105 – View Map
Independent Agencies or Brokers
Independent agencies do not sell for just one brand and that is an advantage because they can write policies with an assortment of companies and get the cheapest rates. If prices rise, your agent can switch companies which requires no work on your part.
When shopping rates, you will definitely want to include a couple of independent agencies for maximum quote selection. Most also write with companies you’ve never heard of which may provide better rates.
Below is a list of independent agents in Raleigh that are able to give rate quotes.
- Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 – View Map
- Carolina Insurance Professionals
5540 Centerview Dr – Raleigh, NC 27606 – (919) 285-4732 – View Map
- J. Miller Lawson Agency – Nationwide Insurance
9360 Falls of Neuse Rd #201 – Raleigh, NC 27615 – (919) 676-5695 – View Map
What is the best insurance coverage?
When choosing a policy for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and your insurance should unique, too.
These are some specific questions can aid in determining if you would benefit from professional advice.
- Can I pay claims out-of-pocket if I buy high deductibles?
- What companies insure drivers after a DUI or DWI?
- Does coverage follow the driver or the vehicle?
- How can I get my company to pay me more for my totaled car?
- Is my camper covered by my car insurance policy?
- Where can I find high-risk insurance?
If you’re not sure about those questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Three reasons to not skimp on insurance
Even though it’s not necessarily cheap to insure a Mercedes-Benz in Raleigh, insurance may be required and benefits you in several ways.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a specific level of liability in order to drive the car legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Mercedes-Benz E350 with a loan, most lenders will have a requirement that you carry insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank will be required to insure your Mercedes-Benz at an extremely high rate and require you to fork over a much higher amount than you were paying before.
- Insurance preserves not only your Mercedes-Benz but also your financial assets. It will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you have damage to your Mercedes-Benz as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of having insurance more than cancel out the cost, particularly for liability claims. The average driver in North Carolina is currently overpaying as much as $825 a year so compare rate quotes at every policy renewal to ensure rates are competitive.
Insurance coverage basics
Understanding the coverages of a insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages available from insurance companies.
Collision coverage – This pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like rolling your car, colliding with another moving vehicle, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible on your E350 in order to get cheaper collision rates.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for bills such as funeral costs, X-ray expenses, prosthetic devices, ambulance fees and surgery. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage
Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as a broken windshield, a tree branch falling on your vehicle and falling objects. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Uninsured/Underinsured Motorist coverage – This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Mercedes-Benz E350.
Since many North Carolina drivers carry very low liability coverage limits (North Carolina limits are 30/60/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Auto liability insurance – Liability insurance provides protection from damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 30/60/25 that means you have a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as emergency aid, structural damage, pain and suffering, legal defense fees and loss of income. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford. North Carolina requires minimum liability limits of 30/60/25 but you should think about purchasing higher limits.
The illustration below demonstrates why minimum state limits may not be adequate.
One last thing to lower rates
Cheaper car insurance in Raleigh is possible online and from local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not provide price quotes online and these small insurance companies only sell through independent agencies.
As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. In many instances, an insured cut liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage for the lowest price and still be able to protect your assets.
Additional learning opportunities
- Liability Insurance Coverage (Nationwide)
- Who Has Cheap Car Insurance for Immigrants in Raleigh? (FAQ)
- What Auto Insurance is Cheapest for Good Drivers in Raleigh? (FAQ)
- Who Has the Cheapest Auto Insurance for a Honda Civic in Raleigh? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Booster Seat Ratings (iihs.org)
- Protect Yourself Against Auto Theft (Insurance Information Institute)