How to Compare Madison Mercedes-Benz E350 Insurance

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Anyone knows that auto insurance companies want to keep your business as long as possible. Drivers who compare rates at least once a year are highly likely to buy a different policy because of the high probability of finding a more affordable policy. A recent survey revealed that drivers who did price comparisons regularly saved $3,400 over four years compared to those who never shopped around.

If finding the best price on insurance in Madison is your intention, learning the best ways to shop for insurance premiums can make it easier to shop your coverage around.

Discount Mercedes-Benz E350 insuranceIf you want to find the absolute lowest rates, then the best way to find cheaper prices for Mercedes-Benz E350 insurance in Madison is to compare quotes annually from insurers in Wisconsin.

  • First, try to learn a little about how car insurance works and the measures you can take to keep rates in check. Many rating criteria that result in higher prices like traffic citations, accidents, and a less-than-favorable credit rating can be remedied by paying attention to minor details.
  • Second, get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO or State Farm, while independent agencies can give you price quotes from multiple insurance companies. View rates
  • Third, compare the new quotes to the premium of your current policy to determine if you can save on E350 insurance. If you find better rates and change companies, make sure there is no coverage gap between policies.

The key thing to remember is to try to compare the same coverage limits and deductibles on each price quote and and to get rate quotes from every company you can. Doing this ensures a fair price comparison and maximum price selection.

If you have insurance now or just want cheaper coverage, you can use these techniques to shop for the lowest rates while maximizing coverage. This article will tell you how car insurance quotes work and some money-saving tips. You only need to know the most time-saving way to shop their coverage around using one simple form.

Many insurance companies allow consumers to get pricing directly from their websites. Doing online price comparisons for Mercedes-Benz E350 insurance in Madison doesn't take a lot of time as you simply type in the amount of coverage you want into the quote form. Upon sending the form, their rating system pulls credit information and your driving record and returns a price based on the information you submitted.

Quoting online for Mercedes-Benz E350 insurance in Madison simplifies rate comparisons, and it's necessary to compare as many rates as possible in order to get the cheapest price.

To quickly compare rates now, check out the car insurance providers below. If you have coverage now, it's recommended you duplicate the insurance coverages as close as possible to your current policy. This helps ensure you will get an apples-to-apples comparison for similar insurance coverage.

The companies shown below have been selected to offer free rate quotes in Wisconsin. If you want cheap auto insurance in WI, it's a good idea that you compare several of them to get the best price comparison.

Protect more than your Mercedes-Benz vehicle

Despite the fact that car insurance is not cheap in Madison, buying car insurance serves an important purpose.

  • Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to drive the car legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you bought your vehicle with a loan, most banks will make it a condition of the loan that you buy full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may have to buy a policy to insure your Mercedes-Benz at a much higher rate and require you to pay the higher price.
  • Car insurance preserves not only your car but also your financial assets. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If damage is caused by hail or an accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of insuring your car more than offset the price you pay, specifically if you ever have a liability claim. But the average driver in Wisconsin is currently overpaying as much as $800 each year so it's very important to do a rate comparison at every renewal to be sure current rates are still competitive.

Mercedes-Benz E350 detailed coverage information

The price information displayed next highlights estimates of insurance prices for Mercedes-Benz E350 models. Understanding how insurance premiums are formulated can be valuable when making decisions on which coverage to buy.

Mercedes-Benz E350 Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $172 $426 $184 $10 $56 $848 $71
E350 4-Dr Sedan $190 $382 $142 $10 $42 $766 $64
E350 with 4-MATIC 4-Dr Sedan $190 $382 $142 $10 $42 $766 $64
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Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in specific zip code location which can raise or lower price quotes noticeably.

Cautious Madison drivers save money

The example below highlights how speeding tickets and at-fault accidents can increase Mercedes-Benz E350 yearly insurance costs for each age group. The premiums are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

Comparison of insurance rates by age and gender in Madison

The information below shows the difference between Mercedes-Benz E350 insurance prices for male and female drivers. Data assumes no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Comparison of full coverage and liability-only policies

The diagram below shows the difference between Mercedes-Benz E350 insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no claims or violations, $250 deductibles, drivers are single, and no additional discounts are factored in.

When to buy liability coverage only

There is no definitive rule to stop buying comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let's pretend your Mercedes-Benz E350 settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If you are paying over $600 annually for full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Take advantage of these discounts

Companies that sell car insurance don't necessarily list the entire discount list very clearly, so the list below contains some of the more common as well as some of the hidden credits that may apply to you.Save money with discounts

  • Professional Memberships - Belonging to a qualifying organization is a good way to get lower rates on your policy.
  • Policy Bundle Discount - When you combine your auto and homeowners insurance with one insurance company you will save 10% to 20% off each policy.
  • College Student Discount - Any of your kids who live away from home to go to college and do not take a car to college could get you a discount.
  • Student Driver Training - Require your teen driver to successfully take a driver's education course if it's offered in school.
  • Discount for New Cars - Insuring a vehicle that is new can save up to 30% since new vehicles have better safety ratings.
  • E-sign Discounts - A few larger online companies will provide an incentive for buying your policy on their website.
  • Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems are less likely to be stolen so companies will give you a small discount.

As a footnote on discounts, most discounts do not apply to the whole policy. Some only apply to specific coverage prices like comp or med pay. Just because you may think all the discounts add up to a free policy, insurance companies wouldn't stay in business.

The chart below shows the difference between Mercedes-Benz E350 insurance costs with and without discounts applied. The rates are based on a female driver, no tickets, no at-fault accidents, Wisconsin state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-car, multi-policy, and homeowner discounts applied.

Some of the larger companies who might offer many of the previously listed discounts are:

When getting free Madison auto insurance quotes, it's a good idea to all companies you are considering what discounts are available to you. Depending on the company, some discounts may not apply to policies in Madison.