How to Save on Memphis Mercedes-Benz C350 Insurance

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Insurance quote for Mercedes-Benz C350 in MemphisLooking for lower-priced Mercedes-Benz C350 insurance in Memphis? Are you kicking yourself for buying overpriced Mercedes-Benz C350 insurance in Memphis? Don't feel bad because there are many Memphis drivers thinking the same thing.

It's hard to fathom, but most insurance policyholders in Tennessee renewed their policy with the same company for a minimum of four years, and 38% of customers have never compared rate quotes at all. With the average premium in the United States being $1,847, drivers could save themselves roughly 46.5% a year just by shopping around, but they underestimate how much savings they would realize if they just switched companies.

You have multiple auto insurance companies to pick from, and though it is a good thing to have a choice, so many choices can make it hard to get the best deal for Mercedes-Benz C350 insurance in Memphis.

Choosing the best rates in Memphis is actually not that difficult if you follow our advice. Nearly anyone who is overpaying for car insurance should be able to lower their premiums. But Tennessee drivers must know how insurance companies compete online because rates fluctuate considerably.

Don't overlook these Mercedes-Benz C350 insurance discounts

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to help bring down the price. Many discounts should be triggered at the time you complete a quote, but less common discounts must be requested specifically before being credited. If you don't get every credit possible, you are paying more than you should be.Cheaper auto insurance with discounts

  • Discounts for Government Workers - Simply working for the federal government could cut as much as 10% off with certain companies.
  • Discount for Home Ownership - Simply owning a home may trigger a policy discount on auto insurance because owning a home requires personal responsibility.
  • Accident Waiver - Not a discount per se, but companies like Allstate and State Farm permit an accident before your rates go up so long as you are claim-free for a certain period of time.
  • Membership in Organizations - Participating in specific professional or occupational memberships or organizations could earn you a nice discount on your next auto insurance statement.
  • Pay Now and Pay Less - If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
  • Seat Belts Save - Drivers who always wear seat belts and also require passengers to wear their seat belts could cut 10% or more on medical payment and PIP coverage.
  • Driver's Ed - Require your teen driver to enroll in driver's education as it can save substantially.

We need to note that some credits don't apply to all coverage premiums. A few only apply to individual premiums such as comprehensive or collision. Despite the appearance that you could get a free auto insurance policy, it doesn't quite work that way.

The example below compares Mercedes-Benz C350 car insurance costs with and without policy discounts. The information is based on a male driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, marriage, multi-car, and claim-free discounts applied.

A few popular companies and their offered discounts are detailed below.

  • State Farm has savings for defensive driving training, Drive Safe & Save, accident-free, multiple autos, safe vehicle, and student away at school.
  • GEICO may include discounts for air bags, military active duty, seat belt use, defensive driver, five-year accident-free, and emergency military deployment.
  • SAFECO may offer discounts for teen safe driver, bundle discounts, anti-lock brakes, homeowner, accident prevention training, multi-car, and safe driver.
  • Farmers Insurance offers premium reductions for switch companies, good student, homeowner, mature driver, teen driver, youthful driver, and alternative fuel.
  • AAA offers discounts for multi-car, good driver, multi-policy, pay-in-full, good student, and education and occupation.
  • USAA may have discounts that include family discount, new vehicle, military installation, multi-policy, and driver training.

Double check with each company how you can save money. All car insurance discounts might not apply in your state.

The most recommended method to get rate comparisons for Mercedes-Benz C350 insurance in Memphis utilizes the fact almost all companies actually pay money for the chance to compare their rates. To begin a comparison, all you need to do is provide a little information like if you're married, how much education you have, distance driven, and your occupation. That rating information is sent automatically to multiple car insurance providers and you will receive price estimates very quickly.

To check rates for your Mercedes-Benz C350 now, click here and find out if lower rates are available in Memphis.

The companies shown below are ready to provide comparison quotes in Memphis, TN. If multiple companies are listed, we suggest you visit as many as you can to find the lowest auto insurance rates.

Statistics and details

The table displayed next showcases a range of insurance policy prices for Mercedes-Benz C350 models. Understanding more about how prices are determined can be useful when making decisions on the best policy coverages.

Mercedes-Benz C350 Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $268 $628 $326 $20 $98 $1,340 $112
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage rates considerably.

Physical damage deductibles: Should you raise them?

When buying car insurance, a common question is which deductible level should you buy. The following tables approximate the premium difference between high and low policy deductibles. The first set of rates uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Mercedes-Benz C350 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $280 $510 $288 $18 $86 $1,207 $101
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Mercedes-Benz C350 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $228 $412 $288 $18 $86 $1,032 $86
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Estimates do not factor in Memphis location which can impact auto insurance rates significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $15 more each month or $180 a year than opting for 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 usually have at a minimum 17 months between claim filings, you would save money if you choose the higher deductible. The numbers below show the way this determination is made.

Average monthly premium for $250 deductibles: $101
Average monthly premium for $500 deductibles (subtract): - $86
Monthly savings from raising deductible: $15
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important note is that a higher deductible level results in a higher out-of-pocket expense when you have a claim. You must have enough disposable savings in order to pay the higher deductible in order to repair your vehicle.

Full coverage rates compared to liability-only

The information below shows the difference between Mercedes-Benz C350 car insurance costs with liability coverage only compared to full coverage. The data assumes no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There is no clear-cut rule to stop buying physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Mercedes-Benz C350 settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after paying the physical damage deductible. If you are paying in excess of $600 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some conditions where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

How much insurance do I need?

When choosing coverage online or from an agent for your personal vehicles, there really isn't a one-size-fits-all type of policy. Your needs are unique to you so your insurance needs to address that.Higher deductibles save money Here are some questions about coverages that may help you determine if you could use an agent's help.

  • Does my insurance cover my expensive audio equipment?
  • Why am I required to get a high-risk car insurance policy?
  • How high should deductibles be on a Mercedes-Benz C350?
  • Does every company file a SR-22 automatically?
  • Does my liability insurance cover pulling a trailer or camper?
  • Why do I only qualify for high-risk insurance?

If you can't answer these questions, you might consider talking to a licensed insurance agent. If you don't have a local agent, complete this form or you can go here for a list of companies in your area.

Don't I need to get advice from an insurance agency?

A lot of people still prefer to sit down and talk to an agent and that is recommended in a lot of cases One of the great benefits of comparing rates online is you can get lower rates but still work with a licensed agent.

By using this quick form, the coverage information is emailed to local insurance agents who will give competitive quotes for your business. It's much easier because you don't need to drive around due to the fact that quote results will go straight to your inbox. You can find better rates AND a local agent. If you wish to compare rates from a specific insurance provider, you would need to go to their quote page and fill out the quote form the provide.

Picking an company needs to be determined by more than just a cheap price quote. A good agent in Memphis will have answers to these questions.

  • When do they do policy reviews?
  • If your car is totaled, how to they determine the replacement cost?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Will the company cover a rental car if your car is getting fixed?
  • Which members of your family are coverage by the policy?
  • Are they in the agency full-time?

Tennessee car insurance companies

Buying coverage from the best car insurance company is difficult considering how many different companies there are to choose from in Tennessee. The company ratings in the lists below could help you choose which auto insurers you want to consider when comparing rates.

Top 10 Memphis Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Erie Insurance - A+
  6. Titan Insurance - A+
  7. Esurance - A+
  8. Progressive - A+
  9. Nationwide - A+
  10. The Hartford - A+

Persistence will pay off

More affordable auto insurance in Memphis can be purchased from both online companies as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. Some auto insurance companies do not offer rates over the internet and these smaller providers work with local independent agencies.

When shopping online for auto insurance, it's a bad idea to buy less coverage just to save a little money. There have been many situations where an insured cut physical damage coverage only to find out they didn't have enough coverage. Your objective should be to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.

Steps to finding cheaper rates for Mercedes-Benz C350 insurance in Memphis

It takes a few minutes, but the best way to get affordable Mercedes-Benz C350 insurance in Memphis is to compare prices annually from providers who provide car insurance in Tennessee.

  1. Learn about coverages and the factors you can control to drop your rates. Many things that are responsible for high rates like accidents, careless driving, and a substandard credit score can be controlled by making minor changes to your lifestyle.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can provide prices from many different companies.
  3. Compare the new rate quotes to your existing coverage and see if you can save money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Provide notification to your current agent or company to cancel your current car insurance policy and submit a down payment along with a completed application for your new coverage. Immediately upon receiving it, put the new proof of insurance certificate in an easily accessible location.

An important note is to try to use identical coverage information on every price quote and to quote with all possible companies. Doing this guarantees a fair rate comparison and the best rate selection.

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