Find Affordable Mercedes-Benz E350 Insurance in Los Angeles

Paying for high-priced Mercedes-Benz E350 insurance in Los Angeles can bleed your accounts and force you to make sacrifices. Performing a price comparison is free and is an excellent way to slash your bill and have more diposable income.

It goes without saying that insurance companies don’t want you to compare rates. Consumers who compare other rates are very likely to switch car insurance companies because there are good odds of finding coverage at a cheaper rate. A recent survey found that people who compared rates regularly saved an average of $70 a month compared to drivers who never shopped around for lower prices.

If finding the lowest rates on insurance is your goal, then understanding how to find companies and compare cheaper coverage can help simplify the task of finding more affordable coverage. Since you have so many insurance companies to choose from that have lower-cost insurance for a Mercedes-Benz E350 in Los Angeles, it can be challenging to locate the most cost effective car insurance company.

Finding affordable coverage in Los Angeles is really quite easy. If you are already insured, you will most likely be able to find better prices using the following tips. Smart buyers just have to use the proper methods to compare company rates online.

Cheapest car insurance in Los Angeles, CA

The providers in the list below provide free quotes in California. If multiple companies are shown, we suggest you visit as many as you can to get the best price comparison.

Analysis of coverages

The price information shown next outlines detailed analysis of insurance costs for Mercedes-Benz E350 models. Being able to understand how insurance rates are figured helps drivers make smart policy decisions.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in specific garaging location which can increase or decrease coverage rates significantly.

Should you raise deductibles?

The hardest decision when buying coverage is at what level do you set your deductibles. The comparison tables below can help you visualize the premium difference between low and high deductibles. The first data set uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in specific garaging location which can affect coverage rates substantially.

We can derive from the above data that using a $250 deductible could cost the average driver approximately $45 more each month or $540 for a full year averaged for all E350 models than buying the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 17 months between claim filings, you would come out ahead if you decide on a higher deductible. Here’s the way you can decide this on your own policy.

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have to file a claim. You need to have a higher level of savings in the event you have to pay the higher deductible in order to repair your vehicle.

The illustration below highlights how deductible choice and can raise or lower Mercedes-Benz E350 insurance prices for each age group. The rates are based on a married male driver, comp and collision included, and no other discounts are factored in.

Accidents and violations increase rates

The illustration below demonstrates how speeding tickets and at-fault collisions can influence Mercedes-Benz E350 insurance costs for different age groups. The costs are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

Male drivers versus female drivers

The chart below compares Mercedes-Benz E350 insurance costs for male and female drivers. The price estimates are based on no claims or driving violations, full coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Discounts can help save money on Mercedes-Benz E350 insurance in Los Angeles

Companies do not list every available discount in a way that’s easy to find, so the list below details a few of the more well known and also the lesser-known credits that you can use to lower your rates.

• Sign Early and Save – Select insurance companies give a discount for buying a policy prior to the expiration date on your current E350 insurance policy. Ten percent is about the average savings.
• Good Student Discount – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
• Good Drivers – Drivers who avoid accidents may receive a discount up to 45% than their less cautious counterparts.
• Seat Belt Usage – Forcing all vehicle occupants to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
• One Accident Forgiven – This one isn’t a discount, but a handful of insurance companies permit an accident without raising rates as long as you don’t have any claims before the accident.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. So when it seems like you could get a free car insurance policy, companies don’t profit that way.

The information below illustrates the difference between Mercedes-Benz E350 car insurance costs with and without discounts applied to the policy rates. Data assumes a male driver, a clean driving record, no claims, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-car, homeowner, and multi-policy discounts applied.

A few popular companies and some of the premium reductions they offer are included below.

• Farm Bureau may have discounts that include youthful driver, multi-policy, driver training, multi-vehicle, safe driver, and good student.
• MetLife may include discounts for defensive driver, good driver, claim-free, accident-free, and multi-policy.
• Progressive offers discounts including homeowner, multi-vehicle, online signing, good student, online quote discount, continuous coverage, and multi-policy.
• AAA offers discounts for education and occupation, pay-in-full, multi-policy, multi-car, anti-theft, AAA membership discount, and good student.
• American Family includes discounts for good driver, defensive driver, good student, air bags, mySafetyValet, and multi-vehicle.
• GEICO may offer discounts for anti-lock brakes, federal employee, multi-vehicle, seat belt use, five-year accident-free, anti-theft, and air bags.
• State Farm discounts include anti-theft, good driver, good student, multiple policy, multiple autos, and accident-free.

When getting a coverage quote, ask all the companies the best way to save money. Some of the discounts discussed earlier might not be offered in your area. To see a list of car insurance companies that offer discounts in Los Angeles, click this link.

Buying insurance from Los Angeles car insurance agents

Some people still prefer to buy from a local agent and that is a personal choice. Good agents can point out coverage gaps and give you someone to call. A good thing about comparing insurance prices online is you may find better rates and still choose a local agent.

After completing this quick form, the coverage information is sent to insurance agents in Los Angeles that can provide free Los Angeles auto insurance quotes to get your business. It simplifies rate comparisons since you won’t have to leave your house as quotes are delivered to you directly. If you want to quote rates from a specific insurance provider, you would need to navigate to their website and complete a quote there.

Choosing an insurer should include more criteria than just a low price. These are some questions you should get answers to.

• Do they offer rental car reimbursement?
• Can they give you a list of client referrals?
• How will an accident affect your rates?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Is the agent CPCU or CIC certified?

Choose an insurance agent wisely

If you want to use a good insurance agency, there are a couple of different types of agents and how they can write your policy. Agencies in Los Angeles can be classified as either independent or exclusive. Either one can sell affordable insurance policies, but it’s good to learn the differences since it can affect the type of agent you choose.

Exclusive Insurance Agencies

Exclusive insurance agents generally can only insure with one company and some examples include American Family, State Farm, and Allstate. Exclusive agencies are unable to place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive agents are trained well on what they offer and that allows them to sell at a higher price point.

The following are Los Angeles exclusive agencies who can help you get comparison quotes.

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Independent Agents (or Brokers)

Independent agents are normally appointed by many insurers and that is an advantage because they can write policies with multiple insurance companies and get you the best rates possible. If premiums increase, the business is moved internally and you don’t have to switch agencies. If you need lower rates, you definitely need to get quotes from a couple of independent agencies so that you have a good selection of quotes to compare.

The following is a list of independent agents in Los Angeles willing to provide comparison quotes.

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Specifics of your car insurance policy

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types offered by car insurance companies.

Comprehensive insurance – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, a broken windshield, damage from flooding and fire damage. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like dental work, hospital visits, pain medications and nursing services. They are often used to fill the gap from your health insurance policy 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. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits (which is 15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Auto liability insurance – Liability insurance can cover damage or injury you incur to a person or their property in an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 15/30/5 which means a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000.

Liability coverage protects against things like court costs, funeral expenses, pain and suffering, structural damage and attorney fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford. California requires minimum liability limits of 15/30/5 but it’s recommended drivers buy higher limits.

The illustration below shows why minimum state limits may not be high enough to cover claims.

Collision coverage – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a building, damaging your car on a curb, sustaining damage from a pot hole, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your E350 to bring the cost down.

Cheap insurance rates are available

In this article, we presented many tips how you can find cheaper Mercedes-Benz E350 insurance in Los Angeles. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding the cheapest Mercedes-Benz E350 rate quotes. You may even discover the lowest rates come from a small mutual company. Regional companies can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.

Budget-friendly insurance in Los Angeles can be purchased online as well as from independent agents in Los Angeles, and you should compare rates from both in order to have the best chance of saving money. Some insurance companies may not provide online quoting and most of the time these small, regional companies prefer to sell through local independent agencies.

When getting Los Angeles auto insurance quotes online, don’t be tempted to reduce needed coverages to save money. In many instances, someone sacrificed uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the best price while still protecting your assets.

Additional learning opportunities

• Understanding Your Insurance Deductible (Insurance Information Institute)
• Who Has Affordable Car Insurance Rates for Felons in Los Angeles? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Toyota Camry in Los Angeles? (FAQ)
• Who Has Affordable Los Angeles Car Insurance Quotes for College Students? (FAQ)
• Who Has Cheap Los Angeles Auto Insurance for College Graduates? (FAQ)
• Who Has the Cheapest Los Angeles Auto Insurance for a Kia Forte? (FAQ)
• Medical Payments Coverage (Liberty Mutual)
• What is Covered by GAP Insurance? (Allstate)
• Five Mistakes to Avoid (Insurance Information Institute)
• How to shop for a safer car (Insurance Institute for Highway Safety)