Shocking but true, most auto insurance buyers have stayed with the same insurance company for at least four years, and almost 40% of drivers have never compared auto insurance rates at all. With the average auto insurance premium being $1,390, Indianapolis drivers could save approximately $700 a year by just comparing rate quotes, but they assume it’s a waste of time to compare rates online.
It takes a few minutes, but the best way to find discount car insurance rates is to start comparing prices regularly from insurers in Indianapolis.
- Try to learn a little about car insurance and the measures you can take to prevent rate increases. Many things that result in higher prices like multiple speeding tickets and a lousy credit rating can be remedied by making small lifestyle or driving habit changes.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple insurance companies. View prices
- Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a better price, make sure coverage is continuous and does not lapse.
- Notify your agent or company to cancel your current coverage and submit a down payment along with a signed application to the newly selected company. Once received, keep the new certificate verifying coverage along with the vehicle’s registration papers.
The critical component of shopping around is to use similar deductibles and liability limits on every quote and and to analyze all possible companies. Doing this guarantees a level playing field and a good representation of prices.
If you are insured now or are looking for a new policy, take advantage of these tips to reduce premiums without having to cut coverage. These tips will help educate you on the best methods to compare rates and some tricks to saving. Shoppers just need to know the most effective way to compare insurance rates from many different companies online.
Cheaper rates with these discounts on Mercedes-Benz E350 insurance in Indianapolis
Some providers don’t necessarily list every discount they offer in an easy-to-find place, so the following is a list of a few of the more well known and the harder-to-find discounts you could be receiving when you buy Indianapolis auto insurance online. If you do not check that you are getting every discount available, you could be paying more than you need to.
- Theft Prevention Discount – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen and qualify for as much as a 10% discount.
- One Accident Forgiven – Not really a discount, but a few companies such as GEICO and Liberty Mutual will turn a blind eye to one accident before your rates go up with the catch being you have to be claim-free prior to the accident.
- Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up can save a little on the medical payments or PIP coverage costs.
- Senior Citizen Rates – If you’re over the age of 55, you can possibly qualify for a slight reduction on a Indianapolis auto insurance quote.
- Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% with certain companies.
- Save with More Vehicles Insured – Insuring several vehicles on one policy can get a discount on all vehicles.
- Good Students Pay Less – Maintaining excellent grades may save you up to 25%. The discount lasts until age 25.
- Claim Free – Drivers with accident-free driving histories can save substantially when compared with policyholders that have many claims.
- Policy Bundle Discount – When you have multiple policies and place coverage with the same company they may give you a discount of up to 20% and get you cheaper E350 insurance.
- Discounts for Good Drivers – Safe drivers can save as much as half off their rates than less cautious drivers.
It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, you’re out of luck. Any amount of discount should help reduce your premiums.
The diagram below compares Mercedes-Benz E350 insurance rates with and without policy discounts. Data assumes a male driver, no accidents, no driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, marriage, homeowner, and safe-driver discounts applied.
Car insurance companies who may offer most of these discounts include:
If you need affordable Indianapolis auto insurance quotes, ask all the companies which discounts you may be entitled to. All car insurance discounts may not be offered in Indianapolis. If you would like to see a list of insurers with significant discounts in Indianapolis, click this link.
The method we recommend to get policy rate comparisons for Mercedes-Benz E350 insurance in Indianapolis is to take advantage of the fact almost all companies participate in online systems to provide you with free rate quotes. The one thing you need to do is provide a small amount of information like deductibles desired, if the car is leased, whether you are single or married, and how your vehicles are used. Your rating data gets sent immediately to multiple top-rated companies and they return quotes with very little delay.
To find lower cheaper Mercedes-Benz E350 insurance rates now, click here and find out if you can get cheaper insurance in Indianapolis.
The following companies offer price quotes in Indiana. If multiple providers are shown, we recommend you visit as many as you can to find the most affordable auto insurance rates.
Mercedes-Benz E350 detailed coverage information
The coverage information shown next highlights different coverage costs for Mercedes-Benz E350 models. Understanding more about how auto insurance premiums are formulated can benefit drivers when making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $212 | $532 | $230 | $14 | $68 | $1,056 | $88 |
| E350 4-Dr Sedan | $234 | $476 | $178 | $10 | $54 | $952 | $79 |
| E350 with 4-MATIC 4-Dr Sedan | $234 | $476 | $178 | $10 | $54 | $952 | $79 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can decrease or increase premiums considerably.
Rate comparison for different deductibles
A question often asked by Indianapolis drivers is which deductible level should you buy. The figures shown below can help you visualize the costs and benefits between high and low deductibles. The first rate table uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $272 | $626 | $238 | $14 | $72 | $1,247 | $104 |
| E350 4-Dr Sedan | $300 | $562 | $186 | $10 | $56 | $1,139 | $95 |
| E350 with 4-MATIC 4-Dr Sedan | $300 | $562 | $186 | $10 | $56 | $1,139 | $95 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $222 | $504 | $238 | $14 | $72 | $1,050 | $88 |
| E350 4-Dr Sedan | $244 | $452 | $186 | $10 | $56 | $948 | $79 |
| E350 with 4-MATIC 4-Dr Sedan | $244 | $452 | $186 | $10 | $56 | $948 | $79 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in specific location which can alter premium rates considerably.
Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $16 more each month or $192 annually across all Mercedes-Benz E350 models than buying the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at least 16 months between claims, you would come out ahead by selecting a higher deductible.
How to calculate if higher deductibles make sense
| Average monthly premium for $250 deductibles: | $98 |
| Average monthly premium for $500 deductibles (subtract): | – $82 |
| Monthly savings from raising deductible: | $16 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $16 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
An important sidenote is that a higher deductible level means you will have to cover more of the damage yourself when you have a physical damage claim. You need to make sure you have enough money stashed away in order to pay more to get your vehicle repaired.
Drive safe and save
The illustration below illustrates how traffic citations and fender-benders can increase Mercedes-Benz E350 yearly insurance costs for different age categories. The costs are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Cost of full coverage
The example below visualizes the comparison of Mercedes-Benz E350 auto insurance rates with liability coverage only compared to full coverage. The rate quotes are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied.
Should you be buying full coverage?
There is no specific rule of when to stop paying for physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Mercedes-Benz E350 claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If it’s costing in excess of $800 a year for full coverage, then you may need to consider dropping full coverage.
There are some cases where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Don’t assume everyone needs the same car insurance coverage
When selecting your policy, there really is no best way to insure your cars. Every situation is different so this has to be addressed.
These are some specific questions can aid in determining whether your personal situation might need professional guidance.
- Is my Mercedes-Benz E350 covered if I use it for business?
- Is my babysitter covered when using my vehicle?
- Can good grades get a discount?
- Will I lose any money if I cancel my policy before it expires?
- How can I get my company to pay me more for my totaled car?
- Do I need medical payments coverage since I have good health insurance?
- Does my Mercedes-Benz E350 qualify for pleasure use?
- Does coverage extend to Mexico or Canada?
- Do they offer discounts for home and auto coverage?
- Should I put collision coverage on all my vehicles?
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.
Insurance quotes from local Indianapolis insurance agents
Some consumers still like to buy from a licensed agent and doing that can be a smart decision Most agents can help you build your policy and will help you if you have claims. A nice benefit of getting free rate quotes online is that drivers can save money and get cheap insurance quotes and also buy local.
For easy comparison, once you complete this simple form, your information is immediately sent to agents in your area who want to provide quotes for your business. It simplifies rate comparisons since you won’t have to contact any agents since rate quotes are delivered directly to your email. If you have a need to get a price quote from a particular provider, you would need to visit that company’s website to submit a rate quote request.
Choosing an company should depend on more than just a cheap price quote. Before buying a policy in Indianapolis, get answers to these questions.
- How often do they review policy coverages?
- If you raise deductibles, how much can you save?
- Is coverage determined by price?
- Do they offer rental car reimbursement?
- Which family members are covered?
- Is working in the agency their full-time job?
- Which company do they place the most coverage with?
The following is a list of car insurance companies in Indianapolis that can give you comparison quotes for Mercedes-Benz E350 insurance in Indianapolis.
- State Farm: Rahvy Murray
3955 Eagle Creek Pkwy E – Indianapolis, IN 46254 – (317) 297-3804 – View Map - State Farm: Amy Henry
7035 E 96th St Suite S-2 – Indianapolis, IN 46250 – (317) 897-1900 – View Map - Nationwide Insurance: Brelage Insurance Agency Inc
5451 Emerson Way – Indianapolis, IN 46226 – (317) 591-2660 – View Map - Haleh Krauter – State Farm Insurance Agent
11204 Fall Creek Rd – Indianapolis, IN 46256 – (317) 849-9996 – View Map
Cheap auto insurance prices are available
Low-cost Mercedes-Benz E350 insurance in Indianapolis can be purchased from both online companies in addition to local insurance agencies, so you should compare both so you have a total pricing picture. Some insurance companies don’t offer price quotes online and usually these small insurance companies provide coverage only through local independent agencies.
We just presented some good ideas how to get a better price on Mercedes-Benz E350 insurance in Indianapolis. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest prices are with the least-expected company. They may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.
While you’re price shopping online, make sure you don’t buy poor coverage just to save money. Too many times, an insured dropped liability coverage limits only to regret that they should have had better coverage. The ultimate goal is to buy the best coverage you can find at the lowest possible cost, not the least amount of coverage.
Additional information is located on the following sites:
- Medical Payments Coverage (Liberty Mutual)
- What Car Insurance is Cheapest for Handicapped Drivers in Indianapolis? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Subaru Outback in Indianapolis? (FAQ)
- How Much are Auto Insurance Quotes for Veterans in Indianapolis? (FAQ)
- Teen Driving and Texting (State Farm)
- Five Mistakes to Avoid (Insurance Information Institute)