A recent survey discovered that about 70% of customers have remained with the same car insurance company for well over three years, and nearly half have never compared quotes from other companies. American consumers can save up to $860 each year by just comparing rate quotes, but they assume it’s a waste of time to go online and compare rates.
It takes a few minutes, but the best way to find cheaper quotes for Mercedes-Benz E350 insurance in Louisville is to start comparing prices yearly from insurance carriers in Kentucky. Drivers can shop around by following these steps.
- First, read about individual coverages and the changes you can make to keep rates in check. Many rating factors that are responsible for high rates such as traffic citations and an imperfect credit rating can be eliminated by paying attention to minor details.
- Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while independent agents can provide price quotes from multiple sources.
- Third, compare the quotes to your existing policy to see if a cheaper rate is available. If you find better rates, verify that coverage does not lapse between policies.
- Fourth, tell your current agent or company to cancel the current policy. Submit payment and a completed application to the newly selected company. Once the paperwork is finalized, keep your new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
One thing to point out is to make sure you’re comparing the same liability limits and deductibles on each quote request and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure an accurate price comparison and a better comparison of the market.
If you have coverage now or want to find a cheaper company, use these money-saving tips to reduce premiums and still have adequate protection. The purpose of this article is to introduce you to how to get online quotes and also save some money in the process Drivers just need to use the proper way to get comparison quotes online.
The following companies are our best choices to provide free rate quotes in Kentucky. In order to find cheap auto insurance in Louisville, KY, we suggest you get rates from several of them to find the most affordable auto insurance rates.
Coverage statistics and figures
The premium information shown below outlines different insurance policy prices for Mercedes-Benz E350 models. Having a good grasp of how auto insurance premiums are calculated can help drivers make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $318 | $728 | $278 | $16 | $84 | $1,424 | $119 |
| E350 4-Dr Sedan | $350 | $652 | $216 | $12 | $64 | $1,294 | $108 |
| E350 with 4-MATIC 4-Dr Sedan | $350 | $652 | $216 | $12 | $64 | $1,294 | $108 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rates do not factor in zip code location which can influence coverage rates substantially.
Policy deductible comparison
One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The rates shown below summarize the rate fluctuation when you buy lower versus higher physical damage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $354 | $870 | $278 | $16 | $84 | $1,627 | $136 |
| E350 4-Dr Sedan | $390 | $778 | $216 | $12 | $64 | $1,485 | $124 |
| E350 with 4-MATIC 4-Dr Sedan | $390 | $778 | $216 | $12 | $64 | $1,485 | $124 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $196 | $458 | $278 | $16 | $84 | $1,032 | $86 |
| E350 4-Dr Sedan | $216 | $410 | $216 | $12 | $64 | $918 | $77 |
| E350 with 4-MATIC 4-Dr Sedan | $216 | $410 | $216 | $12 | $64 | $918 | $77 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Table data does not factor in specific Louisville garaging location which can revise auto insurance rates greatly.
Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $48 more each month or $576 for a full year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 19 months between claim filings, you would save money if you choose the higher deductible. The table below shows a better example of how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $128 |
| Average monthly premium for $1,000 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $48 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $48 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
The chart below illustrates how choosing a deductible and can change Mercedes-Benz E350 annual premium costs for different insured age categories. The costs are based on a married male driver, comp and collision included, and no discounts are factored in.
Auto insurance premiums based on gender
The information below illustrates the difference between Mercedes-Benz E350 car insurance costs for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, marital status is single, and no policy discounts are applied.
How much more does full coverage cost?
The illustration below compares Mercedes-Benz E350 car insurance rates with and without physical damage coverage. The premium estimates are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula of when to eliminate comp and collision coverage, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your Mercedes-Benz E350 settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after paying your deductible. If premium cost is more than $500 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Get cheaper Mercedes-Benz E350 insurance in Louisville with discounts
Buying insurance is not cheap, but you may qualify for discounts that you may not even know about. Larger premium reductions will be automatically applied at the time of quoting, but some may not be applied and must be specifically requested before you get the savings.
- Senior Citizen Rates – Drivers that qualify as senior citizens may receive reduced rates.
- Driver’s Ed – Have your child successfully take a driver’s education course in school or through a local driver safety program.
- Distant Student – Kids living away from Louisville attending college and do not have a car can be insured at a reduced rate.
- Life Insurance Discount – Companies who offer life insurance give a lower price if you buy life insurance from them.
- Employee of Federal Government – Being employed by or retired from a federal job could provide a small rate reduction with certain companies.
- Anti-theft Discount – Cars optioned with advanced anti-theft systems are less likely to be stolen and will qualify for a discount on a Louisville auto insurance quote.
- Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you can avoid the installment charge.
- Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
Policy discounts save money, but some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.
The illustration below illustrates the difference between Mercedes-Benz E350 car insurance rates with and without discounts applied to the policy rates. The prices are based on a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, multi-car, and safe-driver discounts applied.
To see a list of insurance companies that have a full spectrum of discounts in Kentucky, follow this link.
Three main reasons to buy auto insurance
Despite the fact that auto insurance is not cheap in Louisville, insurance is a good idea for several reasons.
- Most states have mandatory liability insurance requirements which means you are required to buy a specific level of liability coverage in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Mercedes-Benz E350 has a loan, almost all lenders will require you to buy full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Mercedes-Benz at a more expensive rate and make you pay for the expensive policy.
- Insurance safeguards your vehicle and your assets. It will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the repair costs.
The benefits of buying enough insurance more than cancel out the cost, particularly if you ever have a claim. The average driver in America overpays as much as $850 per year so compare rate quotes once a year at a minimum to help ensure money is not being wasted.
You may need specialized car insurance coverage
When it comes to buying your policy, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.
For instance, these questions could help you determine whether your personal situation will benefit from professional help.
- Am I covered if hit by an uninsured driver?
- Should I rate my Mercedes-Benz E350 as pleasure use or commute?
- What if a claim settlement is too low?
- How high should deductibles be on a Mercedes-Benz E350?
- When can I cancel my policy?
- When should I remove comp and collision on my Mercedes-Benz E350?
- Can my teen drive my company car?
- Why do I only qualify for high-risk insurance?
- Am I covered when using my vehicle for business?
- Will filing a claim cost me more?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.
Compare rate quotes but still have a local Louisville insurance agent
A lot of people still prefer to go talk to an agent and that is just fine! Insurance agents are very good at helping people manage risk and help submit paperwork. The best thing about getting online price quotes is the fact that drivers can get the best rates and still buy from a local agent.
To help locate an agent, after submitting this simple form, the quote information is sent to local insurance agents in Louisville that give free quotes for your insurance coverage. You won’t even need to drive around because prices are sent straight to your inbox. If you have a need to compare prices for a specific company, just jump over to their website and submit a quote form there.
Deciding on an provider should include more criteria than just the bottom line cost. Get answers to these questions too.
- Do they get extra compensation for selling add-on coverages?
- Are you getting all the discounts the company offers?
- Do the coverages you’re quoting properly cover your vehicle?
- Will your rates increase after a single accident?
- Do they have any clout with companies to ensure a fair claim settlement?
- Can glass repairs be made at your home?
- Do they offer claims assistance after hours?
- How does the company pay claims for a total loss?
The different types of car insurance agents
If you are searching for a local agent, it’s important to understand the types of insurance agents and how they function. Auto insurance agents are classified as either independent (non-exclusive) or exclusive. Either one can properly insure your vehicles, but it is important to understand the difference in the companies they write for since it may influence your selection of an agent.
Exclusive Auto Insurance Agencies
Exclusive agencies can only place business with one company like State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agents are usually quite knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Consumers often buy from exclusive agents partially due to the brand and the convenience of having all coverages with one company.
Listed below are exclusive agents in Louisville willing to provide rate quotes.
- Bob Savko – State Farm Insurance Agent
10839 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-7575 – View Map - Milt Nugent – State Farm Insurance Agent
1005 Dupont Square N – Louisville, KY 40207 – (502) 897-6426 – View Map - Allstate Insurance: Larry Hatzell
406 Blankenbaker Pkwy, Ste C2 – Louisville, KY 40243 – (502) 244-1079 – View Map
Independent Agencies or Brokers
Independent insurance agents are not restricted to one company so they can quote policies with any number of different companies and find the cheapest rate. If you want to switch companies, they can switch companies in-house which is easy for the insured. If you need cheaper auto insurance rates, you should always get quotes from at least one independent agent in order to have the best price comparison. They also have the ability to place coverage with lesser-known insurance companies that may have much lower rates than larger companies.
Shown below is a short list of independent agencies in Louisville who can help you get price quote information.
- Gerald Schott Insurance
10602 Timberwood Cir # 14 – Louisville, KY 40223 – (502) 426-5887 – View Map - Corey Insurance Agency
3832 Taylorsville Rd #1 – Louisville, KY 40220 – (502) 473-7910 – View Map - Phil Brown Insurance Agency, Inc.
9300 Shelbyville Rd #1004 – Louisville, KY 40222 – (502) 327-6966 – View Map