It takes a little time, but the best way to save on auto insurance rates in Las Vegas is to start comparing prices yearly from providers who provide auto insurance in Nevada.
Step 1: Try to comprehend policy coverages and the measures you can control to prevent rate increases. Many risk factors that cause rate increases such as traffic violations and a less-than-favorable credit history can be rectified by being financially responsible and driving safely.
Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple insurance companies. Compare rates
Step 3: Compare the new rate quotes to your current policy to see if a cheaper rate is available. If you can save money and make a switch, make sure there is no lapse in coverage.
Step 4: Provide adequate notice to your current company to cancel your current policy. Submit the required down payment along with the signed application to your new insurance company. Don’t forget to keep the new certificate of insurance along with your vehicle registration.
One tip to remember is that you’ll want to make sure you compare the same liability limits and deductibles on every price quote and and to get prices from as many different companies as possible. This provides the most accurate price comparison and a complete price analysis.
It’s a known fact that auto insurance companies don’t want you shop around. People who get comparison quotes at least once a year will presumably buy a new policy because there is a good chance of finding a lower-priced policy. A recent study showed that people who regularly compared rates saved approximately $70 a month compared to other drivers who never shopped around for better prices.
If finding the lowest rates on Mercedes-Benz C350 insurance is why you’re reading this, then knowing how to quote prices and compare insurance coverage can help you succeed in finding affordable rates.
The best way we recommend to get policy rate comparisons for Mercedes-Benz C350 insurance in Las Vegas takes advantage of the fact all the major auto insurance companies actually pay money for the chance to give rate comparisons. The one thing you need to do is give them rating details including if you’re married, your credit rating estimate, whether or not you need a SR-22, and your education level. That rating information gets transmitted to insurance carriers in your area and you will receive price estimates very quickly.
To get price quotes for your Mercedes-Benz C350 now, click here and enter your coverage details.
The following companies have been selected to offer free rate quotes in Nevada. To buy cheap auto insurance in Las Vegas, NV, we recommend you visit two to three different companies to get the best price comparison.
Rates and data analysis
The premium table shown below showcases different insurance premium costs for Mercedes-Benz C350 models. Having knowledge of how auto insurance prices are formulated can aid in making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C350 W 4-Dr Sedan | $178 | $386 | $400 | $24 | $120 | $1,108 | $92 |
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific location information which can modify coverage prices greatly.
How high should deductibles be?
One of the hardest decisions when shopping for car insurance is at what level do you set your deductibles. The rates shown below can help you understand how much more rates are when you buy lower versus higher comp and collision deductibles. The first data table uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C350 W 4-Dr Sedan | $300 | $544 | $308 | $18 | $92 | $1,287 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C350 W 4-Dr Sedan | $244 | $438 | $308 | $18 | $92 | $1,100 | $92 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in your specific Las Vegas location which can raise or lower rates greatly.
Based on the above data, using a $250 deductible costs an average of $15 more each month or $180 a year than requesting the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average more than 17 months between claim filings, you would come out ahead if you elect the higher deductible.
Impact of citations and accidents on Las Vegas insurance rates
The diagram below demonstrates how traffic citations and accident claims can drive up Mercedes-Benz C350 insurance costs for different age categories. The premium estimates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Mercedes-Benz C350 liability rates compared to full coverage
The information below shows the comparison of Mercedes-Benz C350 insurance premiums with full physical damage coverage and with liability coverage only. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
Are you wasting money paying for full coverage?
There is no definitive formula for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s say your Mercedes-Benz C350 claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying your policy deductible. If it’s costing in excess of $200 annually for your policy with full coverage, then it could be time to drop full coverage.
There are some situations where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
You Can Change Your Insurance Rates
Lots of factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, but some are not as apparent such as whether you are married and annual miles driven.
Listed below are just a few of the factors that factor into premiums.
Insurance rates in urban areas – Being located in areas with lower population is a positive aspect when trying to find low car insurance rates. Lower population means less chance of accidents and a lower car theft rate. Drivers in populated Nevada areas have much more traffic and more time behind the wheel. Spending more time driving can result in more accidents.
Defend yourself with liability coverage – Your policy’s liability coverage kicks in in the event that you are found liable for causing personal injury or damage in an accident. Liability provides legal defense coverage starting from day one. It is affordable coverage compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
Higher rates for specific occupations – Do you have a high-stress occupation? Careers like lawyers, airline pilots, and accountants usually pay the highest average rates due to job stress and lengthy work days. Other occupations like actors, students and retirees have the lowest average rates.
More miles driven equals more premium – The higher the miles on your Mercedes-Benz in a year the more you’ll pay to insure it. Many insurance companies calculate rates based upon how the vehicle is primarily used. Autos left parked in the garage cost less to insure than vehicles that have high annual mileage. Make sure your policy properly reflects how each vehicle is driven. Having an incorrect usage rating on your C350 is throwing money out the window.
Buying the right C350 insurance in Nevada is an important decision
Despite the potentially high cost of Mercedes-Benz C350 insurance, insuring your vehicle serves an important purpose.
- The majority of states have minimum liability requirements which means the state requires a specific minimum amount of liability insurance in order to get the vehicle licensed. 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 bought your Mercedes-Benz C350 with a loan, it’s most likely the lender will require you to buy insurance to guarantee payment of the loan. If coverage lapses or is canceled, the lender will be forced to insure your Mercedes-Benz at a significantly higher premium and require you to reimburse them for the much more expensive policy.
- Insurance protects both your assets and your Mercedes-Benz. It will also cover all forms of medical expenses that are the result of an accident. Liability coverage will also pay attorney fees if you are named as a defendant in an auto accident. If your Mercedes-Benz gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance definitely exceed the price paid, particularly if you ever have a claim. An average driver in America is wasting up to $855 a year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.