Want to know how to find lower-priced Mercedes-Benz E350 insurance in Charlotte? Are you regretting the purchase of an overpriced insurance policy? Trust us when we tell you there are many people just like you.
Unbelievable but true according to a study the majority of drivers have purchased from the same company for a minimum of four years, and 38% of drivers have never quoted insurance rates at all. Consumers in the U.S. could save 47% every year just by shopping around, but they assume it’s a waste of time to shop their coverage around.
How to buy low-cost Mercedes-Benz E350 insurance in Charlotte
It takes a little time, but the best way to find affordable quotes for car insurance rates in Charlotte is to do an annual price comparison from companies that sell auto insurance in North Carolina.
- Learn about auto insurance and the things you can change to prevent expensive coverage. Many factors that result in higher prices such as high-risk driving behaviors and a negative credit score can be improved by making minor driving habit or lifestyle changes.
- Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like Progressive or Allstate, while agents who are independent can quote rates for a wide range of insurance providers.
- Compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.
- Tell your current agent or company to cancel your current policy. Submit any necessary down payment along with the completed application to the newly selected company. Immediately upon receiving it, store the certificate verifying coverage along with the vehicle’s registration papers.
One key aspect of rate comparisons is to use the same physical damage deductibles and liability limits on every price quote and and to compare as many car insurance companies as possible. Doing this ensures an apples-to-apples comparison and a complete price analysis.
Many car insurance companies vie for your business, and because of this it can be hard to compare car insurance companies to get the lowest cost out there.
Consumers should take time to price shop coverage at least once a year since prices change frequently. Even if you got the lowest quotes on Mercedes-Benz E350 insurance in Charlotte on your last policy you may be paying too much now. Forget all the misinformation about insurance because you’re about to learn one of the easiest ways to get good coverage on Mercedes-Benz E350 insurance in Charlotte at a lower rate.
If you’re already insured, you will be able to buy cheaper car insurance using the following tips. Finding the cheapest car insurance coverage in Charlotte is actually very simple if you learn how to start. Although North Carolina car owners need to learn how companies calculate your car insurance rates because it varies considerably.
The quickest method to get rate comparisons for Mercedes-Benz E350 insurance in Charlotte is to know the trick car insurance companies participate in a system to give free rates quotes. To get started, all you need to do is provide information like any included safety features, driver ages, how much school you completed, and the make and model of your vehicles. Your details is then sent to multiple different insurance companies and they provide comparison quotes quickly.
To compare rates for your car now, click here and find out if you can get cheaper insurance in Charlotte.
The providers in the list below offer comparison quotes in Charlotte, NC. In order to find cheap auto insurance in Charlotte, it’s highly recommended you visit as many as you can in order to find the lowest rates.
Coverage information
The premium information displayed next covers a range of rate quotes for Mercedes-Benz E350 models. Understanding more about how policy rates are calculated is important for you to make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $196 | $448 | $212 | $12 | $64 | $932 | $78 |
| E350 4-Dr Sedan | $216 | $402 | $164 | $10 | $50 | $842 | $70 |
| E350 with 4-MATIC 4-Dr Sedan | $216 | $402 | $164 | $10 | $50 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in specific location which can affect coverage prices noticeably.
Where to set your deductibles
One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The following tables illustrate how much more rates are between low and high deductibles. The first data set uses a $250 physical damage coverage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $242 | $556 | $212 | $12 | $64 | $1,111 | $93 |
| E350 4-Dr Sedan | $266 | $498 | $164 | $10 | $50 | $1,013 | $84 |
| E350 with 4-MATIC 4-Dr Sedan | $266 | $498 | $164 | $10 | $50 | $1,013 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $150 | $350 | $212 | $12 | $64 | $788 | $66 |
| E350 4-Dr Sedan | $164 | $314 | $164 | $10 | $50 | $702 | $59 |
| E350 with 4-MATIC 4-Dr Sedan | $164 | $314 | $164 | $10 | $50 | $702 | $59 |
| Get Your Own Custom Quote Go | |||||||
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 homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in specific zip code location which can increase or decrease premium rates significantly.
Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $26 more each month or $312 for a full year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 29 months between claims, you would come out ahead if you choose the higher deductible.
The diagram below shows how different deductible levels and can raise or lower Mercedes-Benz E350 insurance costs for different categories of driver ages. The information is based on a single female driver, full physical damage coverage, and no other discounts are factored in.
Price comparison of only insuring for liability
The information below compares Mercedes-Benz E350 insurance rates with full physical damage coverage compared to only buying liability only. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied to the premium.
Should you pay for full coverage?
There is no clear-cut rule for phasing out full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s say your Mercedes-Benz E350 book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying the physical damage deductible. If premiums are more than $600 a year to have full coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Verify you’re getting every discount
Companies offering auto insurance don’t always list every discount they offer very clearly, so we took the time to find a few of the more common and also the more inconspicuous credits available to you. If you do not double check each discount you qualify for, you are throwing money away.
- Safety Restraint Discount – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
- Distant Student Discount – Older children who are enrolled in higher education away from home and do not take a car to college can be insured at a reduced rate.
- Active Service Discounts – Having a family member in the military can result in better insurance rates.
- Student Discounts – Getting good grades can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Safe Driver Discounts – Safe drivers may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Policy Bundle Discount – If you combine your homeowners and auto policies with one company you could save up to 20% off your total E350 insurance premium.
A quick disclaimer, some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like all those discounts means the company will pay you, you’re out of luck.
The diagram below compares Mercedes-Benz E350 insurance costs with and without discounts applied to the premium. The data assumes a female driver, no violations or claims, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.
Auto insurance companies that may offer policyholders many of the previously listed discounts may include but are not limited to:
Before buying, ask each company or agent how you can save money. Savings might not be offered in Charlotte. To view providers that offer the discounts shown above in Charlotte, click this link.
Car insurance is not optional in North Carolina
Despite the high cost of buying insurance for a Mercedes-Benz E350 in Charlotte, insuring your vehicle serves a purpose in several ways.
- The majority of states have mandatory liability insurance requirements which means the state requires specific limits of liability coverage in order to get the vehicle licensed. 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, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If the policy lapses, the bank or lender will purchase a policy for your Mercedes-Benz at a much higher rate and make you pay much more than you were paying before.
- Insurance protects not only your vehicle but also your assets. It will also reimburse you for all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having car insurance more than cancel out the cost, especially for larger claims. According to a 2015 survey, the average American driver is overpaying more than $750 every year so you should quote your policy with other companies every year to be sure current rates are still competitive.
Do I need a local insurance agent?
Some consumers would prefer to get advice from a local agent and that is OK! One of the great benefits of comparing rate quotes online is the fact that you can find the lowest rates and still have a local agent. Putting coverage with local insurance agents is definitely important in Charlotte.
For easy comparison, once you complete this short form, the coverage information is emailed to insurance agents in Charlotte who will return price quotes for your business. There is no reason to leave your house because quoted prices will be sent instantly to you. You can find lower rates and work with a local agent. If for some reason you want to get a price quote from a specific insurance company, you can always go to their quote page and fill out their quote form.
Shown below is a list of auto insurance companies in Charlotte that can give you price quotes for Mercedes-Benz E350 insurance in Charlotte.
All Points Insurance Agencies
5618 Albemarle Rd # 200 – Charlotte, NC 28212 – (980) 221-9468 – View Map
GEICO Insurance Agent
4651 South Blvd Suite B – Charlotte, NC 28209 – (704) 523-2886 – View Map
Howard Johnson Jr – State Farm Insurance Agent
5342 Docia Crossing Rd a – Charlotte, NC 28269 – (704) 947-7233 – View Map
Kyle Fadeley – State Farm Insurance Agent
13551 Steelecroft Pkwy #120 – Charlotte, NC 28278 – (704) 588-5585 – View Map
Finding a good company is decision based upon more than just a cheap price. Some important questions to ask are:
- Do the agents have professional certifications like CPCU or CIC?
- How is replacement cost determined on your vehicle?
- Which company do they place the most coverage with?
- Does the agency support the community they serve?
- What insurance companies do they work with in Charlotte?
- Do they offer accident forgiveness?