It’s astonishing, but nearly 70% of customers have stayed with the same insurance company for a minimum of four years, and nearly half have never compared quotes from other companies. With the average premium in the U.S. being $1,847, drivers could save an average of up to 47% each year by just comparing rate quotes, but most undervalue the large savings they would see if they switch to a new company.
The most effective way to get cheaper Mercedes-Benz E350 insurance is to compare prices at least once a year from different companies who provide car insurance in Miami. Rates can be compared by following these guidelines.
- Step 1: Try to learn about auto insurance and the measures you can control to keep rates down. Many risk factors that result in higher prices like getting speeding tickets and a low credit rating can be controlled by improving your driving habits or financial responsibility.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from multiple sources.
- Step 3: Compare the new rate quotes to the price on your current policy and see if you can save money. If you can save money and buy the policy, ensure coverage does not lapse between policies.
An essential thing to point out is that you use the same deductibles and limits on every quote request and and to get prices from every insurance company. Doing this helps ensure a fair rate comparison and a complete rate analysis.
Shopping around for affordable coverage in Miami is simple if you know the tricks. If you have a policy now or just want to save money, use these money-saving tips to save money without sacrificing coverage. Smart shoppers only need to know the fastest way to get comparison quotes from many different companies.
The companies shown below are our best choices to provide free rate quotes in Florida. To find cheap car insurance in Miami, it’s highly recommended you get rates from several of them in order to find the cheapest rates.
Insurance is not optional
Despite the potentially high cost of Mercedes-Benz E350 insurance, insurance is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to carry a specific minimum amount of liability protection in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your E350 with a loan, almost every bank will require that you have physical damage coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your Mercedes-Benz at a much higher rate and force you to pay the higher price.
- Insurance protects both your assets and your Mercedes-Benz E350. Insurance will pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of insuring your E350 more than offset the price you pay, especially if you ever need it. The average driver in Florida is wasting up to $830 a year so it’s important to compare rates every year to ensure rates are inline.
Premium rates and analysis
The rate information shown next showcases estimates of policy rates for Mercedes-Benz E350 models. Having a better idea how insurance rates are formulated can benefit drivers when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $348 | $922 | $334 | $20 | $100 | $1,724 | $144 |
| E350 4-Dr Sedan | $384 | $826 | $258 | $16 | $78 | $1,562 | $130 |
| E350 with 4-MATIC 4-Dr Sedan | $384 | $826 | $258 | $16 | $78 | $1,562 | $130 |
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price information does not factor in zip code location which can change rates considerably.
Deductible comparison
A question often asked by Miami drivers is which deductibles should you choose. The data tables below may help to conceptualize how much more rates are between low and high coverage deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $406 | $930 | $354 | $20 | $106 | $1,841 | $153 |
| E350 4-Dr Sedan | $446 | $834 | $276 | $16 | $82 | $1,679 | $140 |
| E350 with 4-MATIC 4-Dr Sedan | $446 | $834 | $276 | $16 | $82 | $1,679 | $140 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $250 | $586 | $354 | $20 | $106 | $1,316 | $110 |
| E350 4-Dr Sedan | $276 | $524 | $276 | $16 | $82 | $1,174 | $98 |
| E350 with 4-MATIC 4-Dr Sedan | $276 | $524 | $276 | $16 | $82 | $1,174 | $98 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific location which can affect coverage rates substantially.
Using the data above, we can ascertain that using a $250 deductible will cost you about $42 more each month or $504 every year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 18 months between claim filings, you would come out ahead by selecting a higher deductible.
Age-based car insurance rates by gender
The diagram below shows the comparison of Mercedes-Benz E350 car insurance costs for male and female drivers. The information is based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
Mercedes-Benz E350 insurance discounts in Miami
Car insurance is neither fun to buy or cheap, but there are discounts available that could drop your premiums quite a bit. Some discounts will apply at the time you complete a quote, but less common discounts must be manually applied prior to getting the savings.
- Telematics Discount – Miami drivers who agree to allow driving data collection to monitor their driving habits by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks as long as they are good drivers.
- Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 20 to 30 percent.
- Good Student Discount – Maintaining excellent grades can get you a discount of up to 25%. The discount lasts until age 25.
- Own a Home and Save – Just being a homeowner can get you a discount since home ownership requires personal responsibility.
- Federal Government Employee – Having worked for a branch of the government could qualify for a slight premium decrease but check with your company.
As a sidenote, most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comp or med pay. Even though it appears it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The information below visualizes the comparison of Mercedes-Benz E350 yearly insurance costs with and without discounts being applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-car, safe-driver, and multi-policy discounts applied.
Some of the insurance companies who might offer these money-saving discounts include:
It’s a good idea to ask every prospective company how many discounts you can get. A few discounts may not apply in your state. To see insurance companies with the best discounts in Miami, click here to view.
How do I know if I need professional advice?
When choosing coverage online or from an agent, there really isn’t a cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed.
Here are some questions about coverages that could help you determine if your situation could use an agent’s help.
- Which companies will insure high-risk drivers?
- Why am I be forced to buy a membership to get insurance from some companies?
- Do I need higher collision deductibles?
- Will damage be repaired with OEM parts?
- If I drive on a suspended license am I covered?
- Why do I only qualify for high-risk insurance?
If it’s difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can help protect your family.