Affordable Mercedes-Benz E350 Insurance in Durham

The best way we recommend to get more affordable Mercedes-Benz E350 insurance in Durham is to start doing a yearly price comparison from different companies in North Carolina.

• First, spend some time learning about how your policy works and the things you can control to drop your rates. Many rating criteria that are responsible for high rates such as traffic citations, accidents, and a negative credit score can be amended by improving your driving habits or financial responsibility.
• Second, compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Allstate, while independent agencies can give you price quotes from multiple companies.
• Third, compare the new rate quotes to your existing policy and determine if cheaper E350 coverage is available. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Fourth, provide proper notification to your current company of your decision to cancel your existing policy. Submit the required down payment along with the signed application to the newly selected company. Immediately place your new certificate verifying proof of insurance in an easily accessible location.

An important note is that you use similar coverage information on each price quote and and to look at all possible companies. This enables an accurate price comparison and plenty of rates choose from.

Smart shoppers know that car insurance companies don’t want their customers to go rate shopping. Drivers who shop around for the cheapest price are likely to buy a different policy because they have good chances of finding a lower rate. A recent survey found that consumers who shopped around saved $3,500 over four years as compared to drivers who never compared prices.

If finding the cheapest price on auto insurance is why you’re here, learning how to shop for coverages can make it easier to find better rates.

The best way to compare rate quotes for Mercedes-Benz E350 insurance in Durham is to understand most of the larger companies participate in a system to quote your coverage. The one thing you need to do is take a few minutes to give details including if a SR-22 is needed, how many miles driven, your credit rating estimate, and if it has an alarm system. Those rating factors is then sent to many highly-rated insurers and you get price estimates with very little delay.

To start a rate quote now, click here and enter your zip code.

The car insurance companies shown below provide comparison quotes in Durham, NC. If you wish to find cheaper auto insurance in Durham, we suggest you visit two to three different companies to get a more complete price comparison.

Why insurance is not optional

Even though it can be expensive, insurance is required for several reasons.

• Almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability protection 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 took out a loan on your Mercedes-Benz E350, most banks will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Mercedes-Benz at an extremely high rate and force you to pay the higher price.
• Insurance safeguards not only your Mercedes-Benz E350 but also your financial assets. Insurance will pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance are definitely more than the cost, particularly if you ever have a claim. But the average driver in North Carolina is currently overpaying as much as $865 each year so you should quote and compare rates each time the policy renews to ensure rates are competitive.

Rates and data analysis

The rate information shown next showcases detailed analysis of insurance policy prices for Mercedes-Benz E350 models. Having a better understanding of how auto insurance premiums are figured can help you make informed decisions.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific Durham garaging location which can lower or raise coverage prices substantially.

Higher deductibles save money

A question often asked by Durham drivers is the level to set your comp and collision deductibles. The tables below summarize the costs and benefits between high and low policy deductibles. The first table uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in vehicle location which can lower or raise auto insurance rates considerably.

Using the premium rates above, we can conclude that using a $100 deductible could cost the average driver approximately $37 more each month or $444 a year averaged for all E350 models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 24 months between claim filings, you would probably come out ahead if you elect the higher deductible.

Impact of speeding/accidents on auto insurance rates

The diagram below illustrates how traffic citations and accident claims can affect Mercedes-Benz E350 insurance costs for different age groups of insureds. The premiums assume a single female driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Durham insurance discounts for a Mercedes-Benz E350

Auto insurance companies don’t list every discount in a way that’s easy to find, so the list below gives a summary of a few of the more common and the more hidden insurance savings.

• Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
• Good Grades Discount – Performing well in school may save you up to 25%. Most companies allow this discount until age 25.
• Defensive Driver Discounts – Passing a course that instructs on driving safety is a good idea and can lower rates if your company offers it.
• Discount for Home Ownership – Owning a home in Durham may earn you a small savings because of the fact that having a home requires personal responsibility.
• Discount for Swiching Early – A few larger companies give discounts for switching policies before your current E350 insurance policy expires. This discount can save up to 10%.
• Discounts for New Vehicles – Buying a new car instead of a used E350 can be considerably cheaper because new vehicles are generally safer.
• Paper-free Discount – A handful of insurance companies will give you a small discount for buying your policy over the internet.

Keep in mind that some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will definitely lower your overall bill.

The information below illustrates the comparison of Mercedes-Benz E350 premium costs with and without some available policy discounts. The rate quotes are based on a male driver, no violations or claims, North Carolina 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 multi-car, safe-driver, claim-free, multi-policy, marriage, and homeowner discounts applied.

If you would like to choose from a list of insurance companies who offer discounts in Durham, click here to view.