Do you want to save money by finding lower-priced Mercedes-Benz E350 insurance in Detroit? If you’re shopping for lower-cost insurance on the web, are you confused by the wide range of insurance choices in Detroit? You have such a large number of options that it can be a challenge to find the best rates for Mercedes-Benz E350 insurance in Detroit. If you live there, you know that Detroit has lots to offer, but budgeting for expensive insurance can make it difficult for lots of drivers to be able to afford adequate coverage.
Surprisingly, a recent survey revealed that a large majority of drivers have been with the same company for a minimum of four years, and practically 40% of insurance customers have never even compared rates from other companies. With the average premium in Michigan being $6,260, drivers can cut their rates by up to 65% a year by just comparing quotes, but they assume it’s a waste of time to do a rate comparison.
It’s smart to quote other rates yearly since insurance prices are usually higher with each renewal. If you had the lowest price on Mercedes-Benz E350 insurance in Detroit two years ago there is a good chance you can find better rates now. You can find a lot of information about E350 insurance on the web, but in just a couple of minutes you can learn the easiest ways to lower your insurance premiums.
Slash rates with these discounts on Mercedes-Benz E350 insurance in Detroit
Companies offering auto insurance don’t always publicize all possible discounts very well, so below is a list some of the best known and the more hidden ways to save on car insurance.
- Discount for Passive Restraints – Cars that have air bags or automatic seat belts can get savings of 20% or more.
- Safety Restraint Discount – Requiring all passengers to buckle their seat belts could save 15% off PIP or medical payments premium.
- Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you may reduce your total bill.
- No Accidents – Drivers who don’t have accidents pay much less when compared with bad drivers.
- Online Discount – Many companies give back up to $50 for buying your policy on the web.
- College Student – Any of your kids who live away from home at college and won’t have access to an insured vehicle can be insured at a reduced rate.
- Savings for New Vehicles – Adding a new car to your policy can be considerably cheaper since newer models have better safety ratings.
- Save with More Vehicles Insured – Insuring more than one vehicle with one company can reduce the rates for all insured vehicles.
You can save money using discounts, but most discounts do not apply to the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The information below illustrates the comparison of Mercedes-Benz E350 insurance prices with and without discounts applied to the policy rates. The data is based on a male driver, no claims or driving violations, Michigan state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, homeowner, and marriage discounts applied.
A few popular companies and some of the premium reductions they offer are detailed below.
- Farmers Insurance offers premium reductions for distant student, multi-car, youthful driver, homeowner, bundle discounts, switch companies, and alternative fuel.
- Esurance offers discounts for anti-lock brakes, online quote, emergency road assistance, renters, and good driver.
- State Farm may offer discounts for Steer Clear safe driver discount, multiple autos, multiple policy, anti-theft, defensive driving training, student away at school, and Drive Safe & Save.
- GEICO has savings for seat belt use, military active duty, multi-vehicle, multi-policy, air bags, good student, and five-year accident-free.
- Allstate may have discounts that include EZ pay plan discount, FullPay discount, multi-policy, eSmart discount, premier discount, and new car.
When quoting, ask each company or agent the best way to save money. Some of the earlier mentioned discounts might not be offered in Detroit. To see a list of providers with the best discounts in Detroit, follow this link.
The quickest method we recommend to compare insurance rates from multiple companies takes advantage of the fact all the major auto insurance companies provide online access to provide you with a free rate quote. The only thing you need to do is spend a couple of minutes providing details including coverage limits, how much you drive, if the vehicle is leased, and whether you are single or married. The data is instantly sent to many different companies and you should receive rate quotes immediately.
To find the cheapest Mercedes-Benz E350 insurance rates, click here and find out if you can get cheaper insurance in Detroit.
The following companies provide free rate quotes in Detroit, MI. To locate the best auto insurance in Detroit, it’s a good idea that you visit several of them to get the best price comparison.
Mercedes-Benz E350 insurance rates and statistics
The table below covers detailed analysis of insurance policy prices for Mercedes-Benz E350 models. Having a better idea how policy premiums are established can help you make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $642 | $1802 | $664 | $40 | $198 | $3,346 | $279 |
| E350 4-Dr Sedan | $708 | $1614 | $514 | $30 | $154 | $3,020 | $252 |
| E350 with 4-MATIC 4-Dr Sedan | $708 | $1614 | $514 | $30 | $154 | $3,020 | $252 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific zip code location which can raise or lower price quotes substantially.
Deductible comparison
One of the more difficult decisions when buying auto insurance is how high or low should comp and collision deductibles be. The tables below can help you understand the differences in price when you select higher and lower physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $670 | $1540 | $586 | $34 | $176 | $3,031 | $253 |
| E350 4-Dr Sedan | $740 | $1380 | $456 | $26 | $136 | $2,763 | $230 |
| E350 with 4-MATIC 4-Dr Sedan | $740 | $1380 | $456 | $26 | $136 | $2,763 | $230 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $546 | $1242 | $586 | $34 | $176 | $2,584 | $215 |
| E350 4-Dr Sedan | $602 | $1112 | $456 | $26 | $136 | $2,332 | $194 |
| E350 with 4-MATIC 4-Dr Sedan | $602 | $1112 | $456 | $26 | $136 | $2,332 | $194 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Table data does not factor in garaging location in Detroit which can affect prices significantly.
Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $37 more each month or $444 annually than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 7 months between claim filings, you would most likely save money if you elect the higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $250 deductibles: | $238 |
| Average monthly premium for $500 deductibles (subtract): | – $201 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 7 months |
One important note is that raising deductibles means you will have to pay more when you have a comprehensive or collision claim. You will want to have enough money in the bank in the event you have to pay the deductible for vehicle repair.
Annual premiums for males versus females in Detroit
The information below shows the comparison of Mercedes-Benz E350 annual premium costs for male and female drivers. The data assumes no accidents or driving violations, full coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.
How much more does full coverage cost?
The diagram below visualizes the comparison of Mercedes-Benz E350 car insurance rates when comparing full coverage to state minimum liability only. The premium estimates are based on no violations or accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
Are you wasting money paying for full coverage?
There is no set rule of when to eliminate comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Mercedes-Benz E350 settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after you pay the deductible. If you are paying more than $800 annually for physical damage coverage, then it could be time to drop full coverage.
There are a few situations where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Auto insurance can get complicated
When selecting insurance from an agent or online, there really isn’t a one-size-fits-all type of policy. Everyone’s needs are different so this has to be addressed.
For example, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.
- Is a blown tire covered by insurance?
- Is my camper covered by my car insurance policy?
- What states are considered no-fault?
- Why do I have to buy liability insurance?
- What discounts do I qualify for?
- What if I total my Mercedes-Benz E350 and owe more than it’s worth?
- Exactly who is provided coverage by my policy?
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier
Buying car insurance from Detroit auto insurance agents
A lot of people just prefer to sit down and talk to an agent and we recommend doing that A nice benefit of getting free rate quotes online is that drivers can save money and get cheap rate quotes and still choose a local agent.
Upon completion of this short form, the coverage information is instantly submitted to participating agents in Detroit who want to provide quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to even leave your home as quotes are delivered to you. You can most likely find cheaper rates and a licensed agent to talk to. In the event you want to get a rate quote from one company in particular, you just need to find their quoting web page and complete a quote there.
Choosing an insurer shouldn’t rely on just the bottom line cost. The questions below may impact your decision as well.
- Are there any discounts for paying up front?
- Does their agency support local causes in Detroit?
- What is the financial rating for the quoted company?
- Did they already check your driving record and credit reports?
- Can they help ensure a fair claim settlement?
- Where are claims handled?
When looking for a local agent, it’s helpful to know the types of insurance agents and how they can write your policy. Agencies in Detroit can be categorized as either independent or exclusive depending on the company they work for.
Exclusive Insurance Agents
Agents in the exclusive channel can only place business with one company such as State Farm, Allstate and AAA. Exclusive agencies are unable to compare rates from other companies so they have no alternatives for high prices. They are usually well trained on sales techniques and that can be a competitive advantage. Some insured continue to use the same agent partially due to loyalty to the company and solid financial strength.
Listed below is a list of exclusive agents in Detroit who may provide you with comparison quotes.
- PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500 – View Map - Allstate Insurance: Shauna Johnson
18711 Grand River Ave – Detroit, MI 48223 – (313) 272-2020 – View Map - Angela Hughes – State Farm Insurance Agent
14511 W McNichols Rd – Detroit, MI 48235 – (313) 862-7800 – View Map
Independent Agents (or Brokers)
Independent agents can sell policies from many different companies and that enables them to quote your coverage with lots of companies depending on which coverage is best. If your agent finds better pricing, they simply move the coverage in-house without you having to go to a different agency. When searching for an agent, you will definitely want to include several independent agencies for the best price selection. Many independent agencies also insure through mutual insurance companies that can offer cheaper rates than bigger companies.
Listed below is a list of independent agents in Detroit who can help you get rate quotes.
- C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map - Michigan Basic Property Insurance
3245 E Jefferson Ave – Detroit, MI 48207 – (313) 877-7400 – View Map - L A Insurance
6248 Michigan Ave – Detroit, MI 48210 – (313) 896-1000 – View Map
Be persistent to save money
We just presented quite a bit of information on how to reduce Mercedes-Benz E350 insurance premium rates online in Detroit. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding low cost Detroit auto insurance quotes. You may even be surprised to find that the most savings is with some of the lesser-known companies. Smaller companies can often provide lower prices in certain areas than the large multi-state companies such as GEICO and State Farm.
Some insurance companies may not provide rates over the internet and these small, regional companies only sell coverage through local independent agents. Lower-priced Mercedes-Benz E350 insurance in Detroit is possible online as well as from insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
Steps to finding low-cost Mercedes-Benz E350 insurance in Detroit
Really, the only way to find lower priced Mercedes-Benz E350 insurance is to start comparing prices yearly from different companies who can sell car insurance in Detroit.
- Try to understand how insurance works and the changes you can make to keep rates in check. Many risk factors that drive up the price like traffic citations and a not-so-good credit history can be controlled by making minor changes to your lifestyle.
- Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple insurance companies. Begin your rate comparison
- Compare the quotes to your existing rates and determine if cheaper E350 coverage is available in Detroit. If you find a better price and buy the policy, make sure coverage is continuous and does not lapse.
- Notify your agent or company to cancel your current coverage. Submit a completed application and payment for the new policy. As soon as you receive it, place the new certificate verifying coverage in an easily accessible location.
One bit of advice is to make sure you enter similar limits and deductibles on each price quote and to quote with every insurance company. This provides an accurate price comparison and the best rate selection.
Much more information about car insurance in Michigan is available on the following sites:
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Who Has Affordable Detroit Auto Insurance for Business Use? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Honda Accord in Detroit? (FAQ)
- Help Your Teen Be a Better Driver (State Farm)
- Winter Driving (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)
- Rollover Crash FAQ (iihs.org)