Have you had enough of paying out the nose to keep your car insured? You are in the same boat as millions of other consumers.
Astonishing but true, most car insurance buyers in Florida kept their coverage with the same car insurance company for a minimum of four years, and nearly the majority have never even shopped around for affordable coverage. Drivers in America could cut their rates by nearly 47% a year just by comparing rates, but they don’t understand how simple it is to compare rates.
Steps to finding cheaper Mercedes-Benz E350 insurance in Tampa
The best way to get budget Mercedes-Benz E350 insurance is to compare prices once a year from insurance carriers who sell auto insurance in Tampa. You can compare prices by completing these steps.
- Get an understanding of car insurance and the measures you can take to keep rates down. Many policy risk factors that cause high rates like traffic citations, accidents, and a low credit score can be eliminated by making lifestyle changes or driving safer. Later in this article we will cover tips to prevent high rates and get bigger discounts that may have been overlooked.
- Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of insurance providers. View rates
- Compare the new rate quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote and make a switch, make sure there is no lapse in coverage.
- Give notification to your agent or company of your intention to cancel your current policy. Submit a down payment and signed policy application to your new agent or company. Don’t forget to put the certificate verifying coverage in a readily accessible location in your vehicle.
A good tip to remember is to try to use similar limits and deductibles on each quote request and and to get price estimates from as many different insurance providers as possible. This enables a fair rate comparison and a thorough selection of prices.
Big companies like State Farm, Allstate, GEICO and Progressive continually bombard you with catchy ads and consumers find it hard to see past the corporate glitz and find the best price available.
If you are insured now or just want a better rate, use these techniques to lower your rates and still have adequate protection. Finding the cheapest insurance coverage in Tampa is much easier if you have a good place to start. Vehicle owners just need to learn the least time-consuming way to compare insurance rates online.
All major insurance companies such as Progressive, Allstate and GEICO allow you to get coverage prices on the web. Comparing prices online for Mercedes-Benz E350 insurance in Tampa is easy for anyone as all you need to do is type in your coverage preferences into the quote form. When the form is submitted, the quote system sends out for your driving record and credit report and provides a quote based on many factors. The ability to get online quotes for Mercedes-Benz E350 insurance in Tampa makes it easy to compare insurance prices and it is imperative to compare as many rates as possible in order to find the lowest payment possible.
If you want to compare rates using this form now, take a look at the companies shown below. To compare your current rates, we recommend that you enter the limits and deductibles as shown on your current policy. This guarantees you are getting comparison quotes based on identical coverages.
The companies in the list below can provide price quotes in Florida. To get the best cheap car insurance in Tampa, we recommend you get rates from several of them in order to get a fair rate comparison.
Mercedes-Benz E350 insurance rates and statistics
The coverage table displayed next outlines estimates of insurance rates for Mercedes-Benz E350 models. Having insight into how auto insurance prices are figured can help drivers make decisions on which insurance to purchase.
|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|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in Tampa location which can lower or raise insurance rates significantly.
The illustration below illustrates how choosing a deductible and can influence Mercedes-Benz E350 insurance costs for different age categories. The premiums assume a married male driver, comp and collision included, and no discounts are applied to the premium.
Drive safe and save
The example below illustrates how violations and fender-benders can drive up Mercedes-Benz E350 auto insurance costs for each age group. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
Mercedes-Benz E350 liability-only versus full coverage
The diagram below compares Mercedes-Benz E350 auto insurance rates when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
When to stop buying physical damage coverage
There is no definitive formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your Mercedes-Benz E350 settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after paying your deductible. If you are paying over $600 a year for full coverage, then you might want to consider buying only liability coverage.
There are some conditions where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Insurance is not optional but you don’t have to overpay
Despite the high insurance cost for a Mercedes-Benz E350 in Tampa, buying insurance serves a purpose in several ways.
First, almost all states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance in order to license the vehicle. 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.
Second, if you have a lien on your Mercedes-Benz E350, most lenders will require you to have physical damage coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank will be required to insure your Mercedes-Benz at a much higher rate and require you to reimburse them much more than you were paying before.
Third, insurance preserves both your Mercedes-Benz E350 and your assets. Insurance will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance greatly outweigh the cost, particularly when you have a large claim. As of last year, the average driver in Florida is overpaying more than $750 every year so compare rate quotes once a year at a minimum to be sure current rates are still competitive.
Coverages available on your auto insurance policy
Learning about specific coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages found on the average auto insurance policy.
Medical expense insurance
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses like funeral costs, hospital visits, doctor visits and prosthetic devices. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Collision insurance covers damage to your E350 caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as driving through your garage door, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible on your E350 to save money on collision insurance.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like vandalism, rock chips in glass and hitting a deer. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz E350.
Since a lot of drivers carry very low liability coverage limits (10/20/10 in Florida), their limits can quickly be used up. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.
Auto liability insurance
This coverage provides protection from damage that occurs to a person or their property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 10/20/10 which stand for $10,000 bodily injury coverage, a total of $20,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for claims like structural damage, funeral expenses, court costs and bail bonds. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible. Florida state minimum liability requirements are 10/20/10 but it’s recommended drivers buy better liability coverage.
The illustration below shows why buying minimum limits may not be enough.
How to find a good Florida auto insurance company
Insuring your vehicle with a good quality auto insurance provider can be difficult considering how many choices you have in Florida. The company information shown next could help you pick which companies you want to consider shopping your coverage with.
Top 10 Tampa Car Insurance Companies Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Tampa Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%