How to Save on Mercedes-Benz E350 Insurance in Portland

It’s well known that car insurance companies don’t want you shop around. Consumers who shop around once a year are likely to switch to a new company because the odds are good of finding lower prices. A recent survey revealed that drivers who compared rates annually saved about $72 a month compared to policyholders who didn’t regularly shop around.

If finding the cheapest price for auto insurance is your objective, knowing how to quote prices and compare coverage rates can help simplify the task of finding more affordable coverage.

The recommended way to get cheaper Mercedes-Benz E350 insurance is to compare prices once a year from different companies who provide car insurance in Portland. Rate comparisons can be done by following these steps.

1. Read and learn about how companies set rates and the things you can change to prevent rate increases. Many things that drive up the price such as accidents, traffic tickets, and a substandard credit history can be improved by making minor changes to your lifestyle.
2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agencies can provide prices for a wide range of companies.
3. Compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate in Portland. If you can save some money and change companies, make sure coverage does not lapse between policies.
4. Notify your agent or company of your decision to cancel the current policy. Submit payment along with a signed and completed policy application to your new carrier. Don’t forget to keep the new certificate verifying proof of insurance in an accessible location in your vehicle.

The key thing to remember is to try to use the same liability limits and deductibles on every quote and and to compare as many different insurance providers as possible. Doing this provides an accurate price comparison and maximum price selection.

It’s important to know that comparing more prices increases your odds of finding lower pricing.

The companies shown below have been selected to offer price quotes in Oregon. To buy the cheapest car insurance in Portland, OR, it’s a good idea that you compare several of them in order to find the most competitive rates.

Car insurance protects more than just your car

Despite the high cost of buying insurance for a Mercedes-Benz E350 in Portland, buying car insurance serves a purpose in several ways.

• The majority of states have mandatory liability insurance requirements which means the state requires a specific level of liability in order to drive the car legally. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If your Mercedes-Benz E350 has a lienholder, it’s guaranteed your bank will stipulate that you have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may insure your Mercedes-Benz for a lot more money and make you pay much more than you were paying before.
• Car insurance protects both your assets and your car. It will also pay for medical bills for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of buying car insurance greatly outweigh the cost, especially if you ever need it. Today the average American driver is overpaying more than $700 annually so compare rate quotes at every renewal to make sure the price is not too high.

Rates and data analysis

The premium table shown next covers detailed analysis of rate quotes for Mercedes-Benz E350 models. Having a better idea how rates are calculated can be useful when making decisions when shopping your coverage around.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in specific location information which can raise or lower prices noticeably.

Can higher deductibles save money?

The hardest decision when buying coverage is where should you set your physical damage deductibles. The rates shown below may help to conceptualize the price difference when you select higher and lower physical damage deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in zip code location which can decrease or increase coverage rates considerably.

Based on this data, using a $250 deductible would cost the average driver about $33 more each month or $396 every year than buying the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 23 months between claims, you would come out ahead going with the higher deductible.

Careless driving habits raise car insurance rates

The information below highlights how speeding tickets and at-fault claims can drive up Mercedes-Benz E350 insurance costs for different insured age categories. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Save money by receiving discounts

Car insurance can be pricey, but companies offer discounts that many consumers don’t even know exist. Some discounts apply automatically when you purchase, but some must be specially asked for prior to getting the savings.

• Anti-lock Brake System – Cars, trucks, and SUVs with ABS and/or traction control are safer to drive so you can save 10 percent or more.
• Organization Discounts – Participating in specific professional or occupational memberships or organizations may earn a discount on your next car insurance statement.
• Bundle and Save – When you combine your auto and homeowners insurance with the same company they may give you a discount of nearly 15% which can help you find cheap E350 insurance.
• Early Payment Discounts – If paying your policy premium upfront instead of paying each month you may have a lower total premium amount.
• Student in College – Youth drivers living away from Portland attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
• Anti-theft System – Vehicles optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
• Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.

One last thing about discounts, many deductions do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount should help reduce your policy premium.

The diagram below illustrates the difference between Mercedes-Benz E350 car insurance rates with and without discounts applied to the premium. The premiums assume a female driver, no claims or driving citations, Oregon 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 multi-policy, multi-car, marriage, claim-free, homeowner, and safe-driver discounts applied.

Popular car insurance companies and their possible discounts are detailed below.

• GEICO has discounts for five-year accident-free, daytime running lights, air bags, anti-lock brakes, and seat belt use.
• Auto-Owners Insurance discounts include anti-lock brakes, multiple vehicles, good student, paperless, and safe driver.
• American Family policyholders can earn discounts including TimeAway discount, early bird, multi-vehicle, Steer into Savings, accident-free, and mySafetyValet.
• Esurance may include discounts for renters, good student, emergency road assistance, homeowner, online shopper, and anti-lock brakes.
• Progressive may have discounts that include good student, continuous coverage, multi-vehicle, online signing, and multi-policy.
• State Farm offers discounts for multiple autos, Steer Clear safe driver discount, good driver, passive restraint, and student away at school.
• AAA has savings for education and occupation, AAA membership discount, multi-car, good student, anti-theft, and pay-in-full.

If you need affordable Mercedes-Benz E350 insurance quotes, ask each insurance company which discounts you may be entitled to. Depending on the company, some discounts may not be offered everywhere. For a list of companies offering car insurance discounts in Oregon, click here to view.

Best car insurance company in Portland

Selecting the right car insurance provider can be rather challenging considering how many choices there are in Portland. The ranking data displayed below could help you decide which car insurance companies to look at when comparing rate quotes.

Top 10 Portland Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Top 10 Portland Car Insurance Companies Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA Insurance – 91%
4. Nationwide – 90%
5. State Farm – 90%
6. The Hartford – 89%
7. GEICO – 89%
8. 21st Century – 88%
9. Liberty Mutual – 88%
10. Allstate – 88%