Insurance for Mercedes-Benz E350Overpriced insurance in Colorado Springs can diminish your savings, especially in this economy. Doing a rate analysis can lower your rates and help to make sure you're not throwing money away.

Inconceivable but true, about 70% of customers have been with the same company for a minimum of four years, and almost half have never even compared rates from other companies. With the average insurance premium being $1,813, Colorado Springs drivers could save approximately 35% every year just by shopping around, but they underestimate the benefits if they switched. Due to the abundance of options when it comes to insurance, it's difficult to choose the lowest price insurance company.

You should take the time to take a look at other company's rates occasionally because rates go up and down regularly. Just because you had the lowest rate on Mercedes-Benz E350 insurance in Colorado Springs a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because we're going to demonstrate the right way to eliminate unnecessary coverages and save money on Mercedes-Benz E350 insurance in Colorado Springs.

Comparing quotes for affordable car insurance coverage in Colorado Springs is easy to do. If you have insurance now or just want a better rate, you can learn to cut your premiums without reducing protection. Smart buyers just need to use the quickest way to compare prices from many different companies.

Best Mercedes-Benz E350 insurance rates in Colorado

The companies shown below have been selected to offer free rate quotes in Colorado Springs, CO. If multiple companies are shown, it's a good idea that you visit several of them to find the cheapest auto insurance rates.

Mercedes-Benz E350 Insurance Costs in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $422 $1150 $404 $24 $120 $2,120 $177
E350 4-Dr Sedan $340 $696 $312 $18 $94 $1,460 $122
E350 with 4-MATIC 4-Dr Sedan $360 $822 $262 $16 $78 $1,538 $128
Get Your Own Custom Quote Go

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific garaging location which can modify insurance rates significantly.

Deductible analysis

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The figures shown below approximate the rate difference between high and low policy deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Mercedes-Benz E350 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $342 $784 $298 $18 $90 $1,557 $130
E350 4-Dr Sedan $376 $702 $232 $14 $70 $1,419 $118
E350 with 4-MATIC 4-Dr Sedan $376 $702 $232 $14 $70 $1,419 $118
Get Your Own Custom Quote Go
Mercedes-Benz E350 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $278 $632 $298 $18 $90 $1,316 $110
E350 4-Dr Sedan $306 $566 $232 $14 $70 $1,188 $99
E350 with 4-MATIC 4-Dr Sedan $306 $566 $232 $14 $70 $1,188 $99
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates substantially.

Using the data above, we can ascertain that using a $250 deductible costs about $19 more each month or $228 every year than buying the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 13 months between claim filings, you would probably save some money if you decide on a higher deductible. The table below shows an example of how we made this calculation.

Average monthly premium for $250 deductibles: $122
Average monthly premium for $500 deductibles (subtract): - $103
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

An important thing to remember is that increasing deductibles to lower your rates means you will have to pay more of your own money at claim time. That will necessitate enough money stashed away in order to pay more to get your vehicle repaired.

Affordable Mercedes-Benz E350 insurance in Colorado Springs

Auto insurance companies do not list every discount in an easy-to-find place, so the next list breaks down some of the more common and also the more inconspicuous credits available to bring down your rates.Cheaper car insurance with discounts

Discounts lower rates, but some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like it's possible to get free car insurance, companies don't profit that way.

If you would like to choose from a list of insurers who offer cheap Mercedes-Benz E350 insurance quotes in Colorado Springs in Colorado, click here.

Find Cheaper Car Insurance with These Tips

Multiple criteria are used when quoting car insurance. Some of the criteria are obvious such as traffic violations, but other criteria are not as apparent such as your marital status or your vehicle rating. When buying car insurance it's important to understand some of the factors that are used to determine the price you pay for car insurance. When you understand what determines premiums, this allows you to make good choices that will entitle you to cheaper rates.

Shown below are some of the major factors used by your company to calculate prices.

Vehicle features that cut prices - Selecting a car model with a theft deterrent system can save you a little every year. Anti-theft features such as OnStar, LoJack tracking, and tamper alarms help track and prevent vehicle theft.

Do you need those add-on coverages? - Insurance policies have a lot of additional extra coverages that can waste your money if you aren't diligent. Coverages like personal injury protection, better glass coverage, and extra life insurance coverage are examples of these. The coverages may be enticing when you first buy your policy, but if you've never needed them in the past get rid of them and save.

Lower rates for married couples - Being married may cut your premiums compared to being single. Marriage translates into being more responsible and it's proven that married couples file fewer claims.

Men pay more for car insurance - Statistics show women are more cautious behind the wheel. However, this does not mean males are worse at driving than females. Women and men cause accidents at about the same rate, but guys get into accidents with more damage. In addition to higher claims, males also have more aggressive citations such as DWI and reckless driving. Males from age 16 to 21 are several times more likely to be in an accident and thus pay the highest rates.

Pay more of a claim out-of-pocket - The deductibles you choose define the amount you are required to spend in the event of a claim. Insurance for physical damage, also called 'full coverage', is used to repair damage to your car. Some examples of covered claims are rearending another vehicle, vandalism, and having a roll-over accident. The larger the amount you pay before a claim is paid (deductible), the less your company will charge you for insurance.

Insurance rates in urban areas - Living in less populated areas has it's advantages when talking about car insurance. People who live in big cities have to deal with more aggressive driving styles and much longer commute distances. Lower population means reduced accidents and also fewer theft and vandalism claims.

Too many insurance claims drive up car insurance rates - Auto insurance companies in Colorado award most affordable rates to people who do not file claims often. If you file a lot of claims you can expect either policy cancellation or increased premiums. Insurance coverage is designed for more catastrophic claims.

Car plus home equals more savings - Most companies will award a discount to insureds who consolidate policies with them. It's known as a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even with this discount applied, you may still want to compare Mercedes-Benz E350 rates in Colorado Springs to help guarantee you have the best rates.

Don't assume everyone needs the same car insurance coverage

Always keep in mind that when comparing adequate coverage for your personal vehicles, there is no perfect coverage plan. Your needs are unique to you and your car insurance should be unique as well.Car insurance savings Here are some questions about coverages that can help discover if your insurance needs might need professional guidance.

If it's difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It's fast, free and may give you better protection.

Car insurance quotes from neighborhood Colorado Springs auto insurance agents

Some consumers just want to visit with an insurance agent and that is recommended in a lot of cases Professional insurance agents can answer important questions and help you file claims. One of the great benefits of comparing car insurance online is that you can find the best rates and still have a local agent. And providing support for neighborhood agents is definitely important in Colorado Springs.

Insurance agents in Colorado SpringsTo make it easy to find an agent, after completing this quick form, your information is instantly submitted to insurance agents in Colorado Springs who can give free rate quotes for your coverage. It makes it easy because there is no need to search for an agent since rate quotes are delivered directly to your email. In the event you want to get a comparison quote from a specific company, you would need to visit that company's website and complete a quote there.

Exclusive and independent Colorado Springs auto insurance agents

If you're trying to find a local Colorado Springs insurance agent, there are a couple of types of agencies and how they function. Colorado Springs agents are categorized either exclusive agents or independent agents. Both sell affordable car insurance policies, but it's worth mentioning the subtle differences because it can impact your selection of an agent.

Independent Agents (or Brokers)

Agents that elect to be independent can quote rates with many companies and that allows them to write policies amongst many companies and get the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier and you won't have to switch agencies. When comparing rate quotes, it's recommended you get quotes from a couple of independent agencies to ensure the widest selection of prices.

Below is a partial list of independent insurance agencies in Colorado Springs that may be able to provide rate quotes.

1837 Austin Bluffs Pkwy #101 - Colorado Springs, CO 80918 - (719) 268-1300 - View Map

5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map

707 S Tejon St - Colorado Springs, CO 80903 - (719) 227-7100 - View Map

More insurance agents

Exclusive Agents

Exclusive agencies normally can only provide a single company's rates and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot provide rate quotes from other companies so keep that in mind. Exclusive agents are trained well on sales techniques which helps them compete with independent agents.

Below is a list of exclusive insurance agents in Colorado Springs who can help you get price quotes.

Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map

1283 Kelly Johnson Blvd - Colorado Springs, CO 80920 - (719) 471-6777 - View Map

5490 Powers Center Point #132 - Colorado Springs, CO 80920 - (719) 418-3377 - View Map

More insurance agents

Choosing the best insurance agency requires more thought than just a cheap price quote. A good agent in Colorado Springs will have answers to these questions.

Once you have reasonable responses to all your questions and a good coverage price, you've probably found an insurance agent that can be relied on to insure your vehicles. Just remember you are able to cancel coverage whenever you wish so don't feel you're contractually obligated to any specific agency for the entire policy term.

Advertising myths

Consumers can't get away from ads for car insurance savings from the likes of State Farm, GEICO and Progressive. All the ads have a common claim that you can save if you change to them.

How does each company make almost identical claims? This is how they do it.

Different companies offer their best rates for the type of driver that will add to their bottom line. An example of this type of driver may need to be between 25 and 40, has no tickets, and drives a vehicle with a low ISO rating. Someone who fits those characteristics will probably get cheap rates and is almost guaranteed to save some money.

Consumers who don't qualify for this ideal profile will have to pay a higher rate which usually ends up with the customer buying from someone else. If you listen to the ad wording, they say "people that switch" but not "everyone who gets a quote" save that much. That's why companies can truthfully state the savings.

This really emphasizes why you need to get price quotes at each policy renewal. It's just not possible to know the company that will give you lower rates than your current company.

Auto insurance savings summarized

Budget-conscious Mercedes-Benz E350 insurance is available from both online companies in addition to local insurance agencies, and you should be comparing both to get a complete price analysis. Some auto insurance companies may not have rate quotes online and usually these smaller providers only sell through independent agents.

You just read some good ideas how you can save on Mercedes-Benz E350 insurance in Colorado Springs. The most important thing to understand is the more you quote Colorado Springs auto insurance, the better your comparison will be. You may even be surprised to find that the lowest premium rates are with a smaller regional carrier. These companies may have significantly lower prices on certain market segments than the large multi-state companies such as GEICO and State Farm.

To read more, link through to the resources below: