Best Insurance for a Mercedes-Benz E350 in Pittsburgh

A recent insurance study discovered that most Pennsylvania insurance customers have remained with the same insurance company for a minimum of four years, and just short of a majority have never even compared rates from other companies. With the average premium in America being $1,847, drivers could save nearly 46.5% every year, but most undervalue how much they could save if they just switched companies.

If you want to save the most money, the best way to get the cheapest Mercedes-Benz E350 insurance in Pittsburgh is to compare quotes once a year from different companies in Pennsylvania. This can be done by following these guidelines.

• Step 1: Try to learn a little about the coverage provided by your policy and the things you can control to prevent expensive coverage. Many factors that cause high rates such as distracted driving and poor credit history can be amended by making minor changes in your lifestyle.
• Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can quote prices for a wide range of companies.
• Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate and buy the policy, make sure coverage is continuous and does not lapse.

One key aspect when comparing rates is to make sure you’re comparing similar coverage information on each quote request and and to get rate quotes from every insurance company. This enables an accurate price comparison and the best rate selection.

Locating the best insurance company for you in Pittsburgh is easy if you know what you’re doing. If you have insurance now or are just looking to switch companies, you can use these techniques to shop for the lowest rates without sacrificing coverage. Smart shoppers just have to learn how to shop for car insurance from many companies at once.

Rates and data analysis

The rate information below outlines estimates of insurance policy prices for Mercedes-Benz E350 models. Having a good understanding how car insurance premiums are calculated is important to be able to make smart choices when buying a policy.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in Pittsburgh location which can alter insurance rates considerably.

Policy deductible comparison

One of the most common auto insurance questions is the level to set your comp and collision deductibles. The rates below illustrate the rate fluctuation between low and high physical damage deductibles. The first table uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Information does not factor in garaging location in Pittsburgh which can alter rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you about $19 more each month or $228 for a full year than requesting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you go more than 13 months between claim filings, you would most likely save money going with the higher deductible.

The information below shows how choosing a deductible and can increase or decrease Mercedes-Benz E350 insurance rates for different categories of driver ages. The data is based on a single female driver, comp and collision included, and no discounts are taken into consideration.

How accidents and violations affect rates

The diagram below shows how violations and fender-benders raise Mercedes-Benz E350 yearly insurance costs for different ages of insureds. The data is based on a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Should you buy full coverage?

The example below shows the comparison of Mercedes-Benz E350 insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying full coverage

There is no definitive guideline to delete physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Mercedes-Benz E350 settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are paying over $200 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some scenarios where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Learn How to Find Car Insurance for Less

It’s important that you understand the rating factors that aid in calculating car insurance rates. If you have a feel for what determines base rates, this allows you to make good choices that may reward you with lower car insurance prices. Many different elements are used in the calculation when premium rates are determined. Some of the criteria are obvious such as traffic violations, although others are more transparent such as your credit history or how financially stable you are.

The itemized list below are a few of the “ingredients” car insurance companies consider when setting premiums.

Insure car and home with the same company – Some insurers provide better rates to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates.

Getting married equates to better costs – Your spouse may cut your premiums when buying car insurance. It means you’re less irresponsible and insurance companies reward insureds because drivers who are married are more cautious.

Safer cars means better rates – Safer cars get lower rates. Vehicles built for safety help reduce the chance of injuries in an accident and lower injury rates translates directly to fewer claims and cheaper rates on your policy.

Gender as a rate factor – Statistics demonstrate females are less aggressive when driving. Now that doesn’t mean men are WORSE drivers than women. Females and males are in accidents at a similar rate, but males get into accidents with more damage. Not only that, but men also have more aggressive citations such as DWI and reckless driving.

The chart below shows the comparison of Mercedes-Benz E350 insurance prices for male and female drivers. The data is based on no claims or driving violations, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are applied.

Small coverages can add up – There are quite a few extra bells and whistles that sound like a good idea at the time but may not be useful. Coverages like rental car coverage, accidental death, and Farm Bureau memberships are some examples. You may think they are a good idea when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.

Quote. Compare. Save.

As you quote Pittsburgh auto insurance, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where someone sacrificed physical damage coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage at the best possible price but still have enough coverage for asset protection.

Cheaper Mercedes-Benz E350 insurance in Pittsburgh can be purchased on the web in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who may not offer rates over the internet and usually these smaller companies provide coverage only through local independent agencies.

Additional learning opportunities

• What is a Telematics Device? (Allstate)
• How Much is Auto Insurance for a Hyundai Sonata in Pittsburgh? (FAQ)
• Who Has Affordable Car Insurance for Hybrid Vehicles in Pittsburgh? (FAQ)
• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• Liability Insurance Coverage (Nationwide)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Medical Payments Coverage (Liberty Mutual)