Cheap Mercedes-Benz E350 Insurance in Oakland

We don’t have to point out that fact that car insurance companies want to keep you from shopping around. Insureds who shop around annually are inclined to buy a new policy because there is a good probability of getting low-cost coverage. A study showed that people who routinely compared quotes saved approximately $3,450 over four years compared to people who never shopped around for lower prices.

If finding low prices for Mercedes-Benz E350 insurance in Oakland is why you’re here, knowing how to get rate quotes and compare insurance premiums can make the process less intimidating.

Discount Mercedes-Benz E350 insuranceTo save the most money, the best way to get affordable Mercedes-Benz E350 insurance in Oakland is to start comparing prices regularly from different companies who can sell car insurance in California. This can be done by completing these steps.

  1. It will benefit you to learn about how companies set rates and the measures you can control to prevent rate increases. Many policy risk factors that result in higher rates such as traffic violations, accidents, and an unacceptable credit score can be rectified by making lifestyle changes or driving safer. This article gives the details to get better rates and find discounts that may have been missed.
  2. Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or State Farm, while agents who are independent can quote rates from multiple sources. Begin your rate comparison
  3. Compare the quotes 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 change companies, ensure coverage does not lapse between policies.
  4. Tell your current company of your decision to cancel your current coverage. Submit any necessary down payment along with the completed application to the newly selected company. Be sure to put the new proof of insurance paperwork with your vehicle’s registration.

One tip to remember is to make sure you enter the same level of coverage on every quote request and to quote with every company you can. This guarantees an accurate price comparison and a good representation of prices.

If you are already insured or are looking for a new policy, you can follow these tips to buy cheaper auto insurance without reducing coverage. These tips will introduce you to how car insurance companies work and also pocket some savings Vehicle owners just have to understand the quickest way to quote multiple rates from many companies at once.

How Insurance Providers Determine Mercedes-Benz E350 Insurance Costs

Lots of factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but other factors are more obscure like your vehicle usage or how financially stable you are.

Listed below are some of the major factors used by your company to calculate premiums.

Coverage statistics and figures

The coverage table shown below highlights a range of insurance prices for Mercedes-Benz E350 models. Having a better idea how rates are calculated can help you make smart choices when purchasing an auto insurance policy.

Mercedes-Benz E350 Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $204 $514 $354 $20 $106 $1,198 $100
E350 4-Dr Sedan $226 $460 $274 $16 $82 $1,058 $88
E350 with 4-MATIC 4-Dr Sedan $226 $460 $274 $16 $82 $1,058 $88
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific zip code location which can lower or raise insurance rates greatly.

Policy deductible comparison

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The tables below may help to conceptualize the premium difference of buying low and high insurance deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Mercedes-Benz E350 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $430 $986 $376 $22 $112 $1,951 $163
E350 4-Dr Sedan $474 $882 $292 $18 $88 $1,779 $148
E350 with 4-MATIC 4-Dr Sedan $474 $882 $292 $18 $88 $1,779 $148
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Mercedes-Benz E350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $348 $794 $376 $22 $112 $1,652 $138
E350 4-Dr Sedan $384 $712 $292 $18 $88 $1,494 $125
E350 with 4-MATIC 4-Dr Sedan $384 $712 $292 $18 $88 $1,494 $125
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Price information does not factor in vehicle garaging location which can revise coverage rates significantly.

Based on the above data, using a $250 deductible costs approximately $24 more each month or $288 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have more than 10 months between claim filings, you would probably save some money if you decide on a higher deductible.

The illustration below demonstrates how deductible levels and can raise or lower Mercedes-Benz E350 insurance prices for different age groups of insureds. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are factored in.

Full coverage or liability only

The example below illustrates the comparison of Mercedes-Benz E350 insurance prices when comparing full coverage to liability only. The premiums are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no clear-cut formula to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Mercedes-Benz E350 book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after you pay the deductible. If it’s costing in excess of $400 annually for your policy with full coverage, then you might consider buying liability only.

There are some cases where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Lower rate quotes with discounts

Insurance is not cheap nor is it fun to buy but there may be some discounts that may help make it more affordable. Certain discounts will be applied when you complete an application, but once in a while a discount must be asked for before being credited.Save money with discounts

Policy discounts save money, but most credits do not apply to the whole policy. Some only reduce individual premiums such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, you aren’t that lucky.

The chart below visualizes the comparison of Mercedes-Benz E350 car insurance costs with and without discounts applied. The premiums are based on a female driver, no claims, a clean driving record, California 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-policy, claim-free, homeowner, multi-car, safe-driver, and marriage discounts applied.

Some of the larger companies that may include some of the above discounts include:

If you want inexpensive Oakland auto insurance quotes, ask every insurance company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in Oakland. If you would like to see a list of insurers with the best Mercedes-Benz E350 insurance discounts in Oakland, click here to view.

Smart shoppers get results

We just presented a lot of techniques to lower your Mercedes-Benz E350 insurance premium rates in Oakland. The key thing to remember is the more providers you compare, the higher your chance of finding affordable Oakland auto insurance quotes. You may even find the lowest premium rates come from a lesser-known regional company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.

Lower-priced auto insurance in Oakland is attainable both online and from local agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers do not offer rates over the internet and usually these small, regional companies provide coverage only through independent agents.

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