It’s an obvious statement that auto insurance companies don’t want you shop around. Consumers who shop around annually are inclined to switch to a new company because of the high probability of finding a lower-priced company. A recent insurance study discovered that drivers who routinely shopped around saved on average $3,400 over four years compared to drivers who never shopped for cheaper rates.
If finding low prices for insurance in Henderson is your goal, then having some insight into how to quote and compare auto insurance can help you succeed in saving money.
If saving the most money is your goal, then the best way to get discount Mercedes-Benz E350 insurance in Henderson is to regularly compare prices from companies that insure vehicles in Nevada. Rates can be compared by following these steps.
- Step 1: Read about the coverage provided by your policy and the things you can control to prevent expensive coverage. Many factors that cause high rates like speeding tickets, careless driving and a lousy credit rating can be amended by making minor driving habit or lifestyle changes. Later in this article we will cover additional ideas to help reduce prices and find hidden discounts.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can quote prices from multiple companies.
- Step 3: Compare the new rate quotes to your existing coverage to determine if you can save on E350 insurance. If you can save money, ensure coverage does not lapse between policies.
- Step 4: Give notification to your agent or company to cancel your existing policy and submit a down payment along with a completed application for the new policy. Once the paperwork is finalized, store the certificate verifying proof of insurance with the vehicle registration.
An important note is to use the same deductibles and limits on every price quote and and to get price estimates from every insurance company. This helps ensure a fair rate comparison and the best price selection.
Buying the cheapest auto insurance in Henderson can really be easy if you know what you’re doing. If you currently have auto insurance, you will most likely be able to lower your rates using the following tips. Smart shoppers only have to learn the least time-consuming way to shop from many different companies online.
The providers in the list below are ready to provide comparison quotes in Henderson, NV. To locate the best cheap car insurance in Henderson, it’s highly recommended you get rates from several of them to get the best price comparison.
Three good reasons to insure your Mercedes-Benz vehicle
Even though it’s not necessarily cheap to insure a Mercedes-Benz in Henderson, buying insurance is required in Nevada but it also protects you in many ways.
First, most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level 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.
Second, if you have a loan on your Mercedes-Benz E350, almost all lenders will make it mandatory that you have insurance to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Mercedes-Benz at a more expensive rate and make you pay for it.
Third, insurance protects your Mercedes-Benz and your assets. Insurance will also pay for medical bills for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.
The benefits of having insurance outweigh the cost, especially if you ever need it. Today the average American driver overpays more than $855 a year so it’s recommended you shop around at every renewal to make sure the price is not too high.
Analysis of Mercedes-Benz E350 rates
The data table displayed below outlines different insurance prices for Mercedes-Benz E350 models. Being more informed about how car insurance prices are figured can help guide drivers when making smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $380 | $820 | $344 | $20 | $102 | $1,666 | $139 |
| E350 4-Dr Sedan | $420 | $736 | $266 | $16 | $80 | $1,518 | $127 |
| E350 with 4-MATIC 4-Dr Sedan | $420 | $736 | $266 | $16 | $80 | $1,518 | $127 |
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in specific garaging location which can decrease or increase premiums considerably.
Policy deductibles
One of the more difficult decisions when buying car insurance is which deductible level should you buy. The following insurance rates sum up how much more rates are when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $300 | $688 | $262 | $16 | $78 | $1,369 | $114 |
| E350 4-Dr Sedan | $330 | $616 | $204 | $12 | $60 | $1,247 | $104 |
| E350 with 4-MATIC 4-Dr Sedan | $330 | $616 | $204 | $12 | $60 | $1,247 | $104 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $184 | $432 | $262 | $16 | $78 | $972 | $81 |
| E350 4-Dr Sedan | $204 | $388 | $204 | $12 | $60 | $868 | $72 |
| E350 with 4-MATIC 4-Dr Sedan | $204 | $388 | $204 | $12 | $60 | $868 | $72 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in zip code location which can impact price quotes substantially.
Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $32 more each month or $384 every year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 23 months between claims, you would most likely save money if you choose the higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $250 deductibles: | $107 |
| Average monthly premium for $1,000 deductibles (subtract): | – $75 |
| Monthly savings from raising deductible: | $32 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $32 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One thing to note is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a claim. You should have some funds available in the event you have to pay the higher deductible.
The illustration below demonstrates how choosing different deductibles and can increase or decrease Mercedes-Benz E350 insurance prices for different age categories. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.
Drive responsibly or pay higher rates
The illustration below highlights how speeding tickets and accidents can raise Mercedes-Benz E350 annual premium costs for different age categories. The rates are based on a married female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
Full coverage rates compared to liability-only
The example below illustrates the difference between Mercedes-Benz E350 premium costs with liability coverage only compared to full coverage. The data assumes no tickets, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied.
When to drop comp and collision
There is no written rule to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s pretend your Mercedes-Benz E350 replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for full coverage, then you may need to consider dropping full coverage.
There are some cases where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you have to carry 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 opt for liability only.
Save money with these ten price cutting discounts
Some insurance providers don’t always list the entire discount list in an easy-to-find place, so here is a list both the well known and the harder-to-find credits that you can use to lower your rates. If you do not check that you are getting every discount possible, you may be paying too high a price.
- Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems may get savings up to 30%.
- ABS and Traction Control Discounts – Cars equipped with ABS or steering control can avoid accidents so companies give up to a 10% discount.
- Auto/Home Discount – If you insure your home and vehicles with one company you may save up to 20% and get you low cost Mercedes-Benz E350 insurance.
- Clubs and Organizations – Being in certain professional organizations could trigger savings on your bill.
- Telematics Data – Drivers who elect to allow driving data collection to spy on when and where they use their vehicle by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm might get better premium rates as long as the data is positive.
- Seat Belt Discounts – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
- Discount for Low Mileage – Driving fewer miles can qualify you for discounted prices on garaged vehicles.
- Discount for Swiching Early – Some companies provide a discount for switching companies prior to your current E350 insurance policy expiration. This discount can save up to 10%.
- Anti-theft System – Vehicles that have factory alarm systems and tracking devices help deter theft and can earn a small discount on your policy.
- Student Driver Training – Teen drivers should successfully complete driver’s ed class in school.
Don’t be shocked that most of the big mark downs will not be given to the entire policy premium. Most only reduce individual premiums such as collision or personal injury protection. Even though it appears all the discounts add up to a free policy, auto insurance companies aren’t that generous.
The example below illustrates the comparison of Mercedes-Benz E350 car insurance costs with and without discounts. The price estimates are based on a male driver, no claims or driving citations, Nevada state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, multi-car, and safe-driver discounts applied.
For a list of insurers who offer online Mercedes-Benz E350 insurance quotes in Nevada, click this link.
Compare rate quotes but buy from a neighborhood Henderson auto insurance agent
Certain consumers just want to buy from a licensed agent and that can be a smart move Insurance agents will help you protect your assets and will help you if you have claims. One of the great benefits of price shopping on the web is the fact that drivers can get cheaper prices and still have an agent to talk to.
To find an agent, once you fill out this quick form, the coverage information is sent to participating agents in Henderson that give free quotes for your business. There is no need to contact an agency since rate quotes are delivered immediately to your email address. If you need to get a comparison quote for a specific company, just jump over to their website and submit a quote form there.
Finding a good insurer requires more thought than just the premium amount. A good agent in Henderson will have answers to these questions.
- Does the quote include credit and driving reports?
- Is there a local claims center in Henderson?
- Has the agent ever had any license suspensions?
- Will the company cover a rental car if your car is getting fixed?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Which insurance companies are they affiliated with?
- If they are an independent agency in Henderson, which companies do they recommend?
- Do they see any coverage gaps in your plan?
If you want to buy insurance from a reputable insurance agent or broker, it’s helpful to know the different agency structures and how they work. Insurance agents can be described as either independent agents or exclusive agents. Either one can handle insurance, but it’s important to know the subtle differences since it can impact which agent you choose.
Exclusive Insurance Agencies
Exclusive agents can only provide pricing for a single company like Farmers Insurance and State Farm. Exclusive agents cannot provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are well schooled on sales techniques which aids in selling service over price. Many people buy from exclusive agents mainly due to the prominent brand name rather than low price.
Shown below are exclusive insurance agencies in Henderson who may provide you with price quotes.
- Farmers Insurance: Laurie Yakubik
183 Gibson Rd – Henderson, NV 89014 – (702) 456-8119 – View Map - Allstate Insurance: Mike Seifer
2990 Sunridge Heights Pkwy #130 – Henderson, NV 89052 – (702) 270-4500 – View Map - Allstate Insurance: Jeremy Peltz
3215 St Rose Pkwy Ste 120 – Henderson, NV 89052 – (702) 233-8372 – View Map
Independent Insurance Agents
Agents that choose to be independent are not restricted to one company and that allows them to write policies with lots of companies and get you the best rates possible. If they find a lower price, they simply move the coverage in-house and you don’t have to switch agencies.
When comparing insurance prices, you will definitely want to check rates from a couple of independent agencies to have the most options to choose from. Most independent agents also contract with smaller regional carriers that can offer cheaper rates than bigger companies.
Listed below is a short list of independent insurance agencies in Henderson that can give you price quote information.
- American National Insurance Morgan Agency LLC, Jarod Morgan
1120 Wigwam Pkwy #100 – Henderson, NV 89052 – (702) 430-7764 – View Map - Carl R Forman Insurance Agency
70 E Horizon Ridge Pkwy – Henderson, NV 89002 – (702) 732-7675 – View Map - High Desert Insurance Agency
140 E Horizon Dr – Henderson, NV 89015 – (702) 558-8587 – View Map
Insurance is unique, just like you
When quoting and choosing your policy, there is no cookie cutter policy. Everyone’s needs are different.
Here are some questions about coverages that may help highlight whether you may require specific advice.
- Can I insure my car for more than it’s worth?
- When should I remove comp and collision on my Mercedes-Benz E350?
- When should I have rental car coverage?
- Should I put collision coverage on all my vehicles?
- How much cheaper are high deductibles?
- Do I have coverage when using my vehicle for my home business?
- How much liability coverage do I need in Nevada?
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.
Which car insurance company is best in Nevada?
Choosing the right insurance provider can be a challenge considering how many choices you have in Henderson. The ranking data in the lists below can help you select which coverage providers you want to consider shopping your coverage with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
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Data Source: Insure.com Best Car Insurance Companies
Coverages available on your policy
Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like X-ray expenses, dental work, EMT expenses and nursing services. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Collision coverage – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as rolling your car, crashing into a building, colliding with another moving vehicle, driving through your garage door and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible on your E350 to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Mercedes-Benz E350.
Since many Nevada drivers have only the minimum liability required by law (Nevada limits are 15/30/10), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Auto liability insurance – This coverage will cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 15/30/10 that translate to $15,000 bodily injury coverage, a total of $30,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.
Liability insurance covers things like medical expenses, attorney fees and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible. Nevada state minimum liability requirements are 15/30/10 but you should think about purchasing more coverage.
The next chart demonstrates why minimum state limits may not be adequate.
Comprehensive insurance – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from a tornado or hurricane, hitting a deer, vandalism and fire damage. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
One last thing about your coverage
Throughout this article, we presented many ways to shop for Mercedes-Benz E350 insurance online. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the best car insurance rates are with a smaller regional carrier.
There are still a few companies who do not offer internet price quotes and usually these small, regional companies only sell coverage through local independent agents. Cheaper insurance in Henderson can be purchased online and also from your neighborhood Henderson agents, and you should compare price quotes from both so you have a total pricing picture.
As you quote Henderson auto insurance, you should never skimp on critical coverages to save a buck or two. In many cases, someone dropped liability limits or collision coverage only to regret that they should have had better coverage. Your goal should be to buy enough coverage for the lowest cost while not skimping on critical coverages.
Additional information can be found below:
- Teen Driver Licensing Information (iihs.org)
- Who Has Cheap Car Insurance Rates for a Toyota Corolla in Henderson? (FAQ)
- How Much are Auto Insurance Rates for Safe Drivers in Henderson? (FAQ)
- Who Has the Cheapest Henderson Auto Insurance for Drivers with a DUI? (FAQ)
- State Car Insurance Guides (GEICO)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Collision Insurance Coverage (Nationwide)