Car Insurance Rates for a Mercedes-Benz E350 in Las Vegas

Unbelievable but true according to a study nearly 70% of customers have purchased from the same company for well over three years, and approximately 40% of consumers have never even compared rates from other companies. Nevada drivers could save themselves as much as 35% a year just by comparing rates, but most undervalue the large savings they would see if they switched to a more affordable policy.

To save the most money, the best way to find lower priced Mercedes-Benz E350 insurance is to start doing a yearly price comparison from providers in Las Vegas. Prices can be compared by following these steps.

Step 1: Try to learn about the coverage provided by your policy and the things you can change to keep rates low. Many rating criteria that result in higher prices like traffic tickets, fender benders, and a less-than-favorable credit rating can be remedied by being financially responsible and driving safely. Continue reading for additional tips to help reduce prices and find overlooked discounts.

Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from many different companies.

Step 3: Compare the new rates to your existing rates to see if a cheaper price is available in Las Vegas. If you can save money and switch companies, ensure there is no coverage lapse between policies.

Step 4: Notify your agent or company of your decision to cancel the current policy. Submit a down payment along with a signed application for the new policy. As soon as you receive it, put the new proof of insurance certificate somewhere easily accessible.

The key thing to remember is that you use identical coverages on every quote request and and to get price quotes from every insurance company. This provides a fair price comparison and the best price selection.

Compare Mercedes-Benz E350 insurance rates

The majority of larger companies like Allstate and Progressive give coverage price quotes online. Comparing Mercedes-Benz E350 insurance rates online is fairly straightforward as all you need to do is type in your coverage preferences into a form. Once you submit the form, the system automatically retrieves credit information and your driving record and generates pricing information based on these factors.

Using the web to get price quotes for Mercedes-Benz E350 insurance in Las Vegas streamlines rate comparisons, and it’s also necessary to do this in order to find the best rate on auto insurance.

In order to compare rates using this form now, compare rates from the companies below. If you have your current policy handy, we recommend you enter the coverage information identical to your current policy. Using the same limits helps guarantee you are getting a fair comparison based on identical coverages.

The car insurance companies shown below provide comparison quotes in Las Vegas, NV. To buy cheaper auto insurance in Las Vegas, it’s highly recommended you visit several of them to get a more complete price comparison.

Insurance coverage details

The coverage table displayed below highlights estimates of policy rates for Mercedes-Benz E350 models. Understanding how auto insurance premiums are determined can be useful when making smart choices when choosing a car insurance company.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in Las Vegas location which can revise price quotes greatly.

Should you buy full coverage?

The diagram below visualizes the comparison of Mercedes-Benz E350 insurance costs when comparing full coverage to liability only. Data assumes no claims or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

When to buy liability coverage only

There isn’t a steadfast formula to drop physical damage coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s assume your Mercedes-Benz E350 claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after the deductible is paid. If it’s costing in excess of $400 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not remove full coverage.

How Car Insurance Companies Calculate Mercedes-Benz E350 Insurance Prices

One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that go into determining your premiums. If you understand what positively or negatively impacts your premiums, this enables you to make decisions that can earn you lower premium levels. Many different elements are used in the calculation when premium rates are determined. Some are obvious such as your driving history, although some other factors are more transparent like where you live or your vehicle rating.

Cars with good safety ratings mean better rates – Cars with five star safety ratings tend to have better insurance rates. Highly rated vehicles protect occupants better and fewer injuries means less money paid by your insurance company which can mean better rates for you.

Save by driving less – Driving a lot of miles every year the higher the price you pay to insure it. The majority of insurers apply a rate determined by how the vehicle is used. Cars and trucks that sit idle most of the time receive better premium rates than cars that get driven a lot. It’s always a good idea to double check that your insurance policy states the correct driver usage. Having an incorrect usage rating on your E350 can cost quite a bit.

Frequent claims will cost you more – If you’re an insured who likes to file claims you can pretty much guarantee higher rates. Insurance companies in Nevada generally give lower rates to policyholders who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.

Gender is a factor – Over time, data shows that men are more aggressive behind the wheel. This data doesn’t prove that men are worse drivers. Both genders cause at-fault accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get ticketed for serious violations such as reckless driving. Young males cause the most accidents and therefore pay the highest rates.

The chart below shows the difference between Mercedes-Benz E350 yearly insurance costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

Big cities mean more claims – Residing in less populated areas of the country is a good thing when insuring your vehicles. Less people means fewer accidents in addition to fewer liability claims. People who live in big cities regularly have more auto accidents and more severe claims. More time behind the wheel means more chance of being in an accident.

Avoid unnecessary extra coverages – Policies have extra add-on coverages that may not really be needed if you don’t pay attention. Insurance for things like rental car coverage, better glass coverage, and additional equipment coverage may be wasting your money. They may seem good when talking to your agent, but if they’re wasting money remove them from your policy.

Get married and pay lower rates – Having a spouse may earn you lower rates when buying insurance. Having a significant other is viewed as being more mature than a single person and it’s proven that married drivers tend to file fewer claims.

Don’t cancel your coverage without a new one in place – Driving with no insurance is against the law and insurance companies will penalize you for letting your coverage have a gap. Not only will you pay more, not being able to provide proof of insurance will get you fines and jail time.

Three reasons to insure your vehicle

Despite the high cost of buying insurance for a Mercedes-Benz E350 in Las Vegas, maintaining insurance is mandatory in Nevada but it also protects more than you think.

• The majority of states have minimum liability requirements which means you are required to carry specific minimum amounts of liability if you drive a vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your Mercedes-Benz E350, almost every bank will stipulate that you have physical damage coverage to guarantee payment of the loan. If the policy lapses, the lender will be forced to insure your Mercedes-Benz at a much higher rate and make you pay the higher price.
• Car insurance protects both your assets and your car. Insurance will pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees in the event you are sued. If you have damage to your Mercedes-Benz as the result of the weather or an accident, comprehensive and collision coverage will cover the repair costs.

The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. An average driver in America is wasting up to $750 every year so compare quotes from several companies once a year at a minimum to make sure the price is not too high.

Nevada car insurance company ratings

Choosing the top insurance provider can be difficult considering how many different companies sell coverage in Nevada. The information shown below may help you analyze which coverage providers you want to consider comparing rate quotes with.

Top 10 Las Vegas Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. Liberty Mutual
6. GEICO
7. Allstate
8. Titan Insurance
9. The Hartford
10. Mercury Insurance

Top 10 Las Vegas Car Insurance Companies Ranked by Value

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