The preferred way to find the cheapest price for Mercedes-Benz E350 insurance in San Jose is to regularly compare quotes from insurance carriers who sell auto insurance in California.
Step 1: Try to learn a little about how companies price auto insurance and the factors you can control to prevent expensive coverage. Many factors that cause high rates like careless driving and a poor credit score can be improved by making lifestyle changes or driving safer.
Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of insurance providers.
Step 3: Compare the new quotes to your existing coverage to determine if switching companies saves money. If you find a better price and change companies, make sure there is no coverage gap between policies.
Step 4: Give notification to your current company of your intent to cancel your current policy and submit a completed policy application and payment to your new insurance company. As soon as coverage is bound, keep the new proof of insurance paperwork in an easily accessible location in your vehicle.
The key thing to remember is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each quote and and to get prices from as many auto insurance providers as possible. This guarantees a fair price comparison and plenty of rates choose from.
Unthinkable but true, the vast majority of car insurance customers have stayed with the same insurance company for at least four years, and nearly the majority have never taken the time to shop around. Many consumers in California could save 35% every year, but most undervalue how much money they would save if they replace their high priced policy.
Getting a cheaper price on Mercedes-Benz E350 insurance is pretty simple and can save money. You just need to spend a few minutes comparing rates to see which company has low cost San Jose car insurance quotes.
The following companies are ready to provide price quotes in California. If multiple companies are shown, we recommend you visit two to three different companies to get a more complete price comparison.
Protect more than your Mercedes-Benz E350
Despite the potentially high cost of Mercedes-Benz E350 insurance, insuring your vehicle serves an important purpose.
- The majority of states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability insurance in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Mercedes-Benz E350 has a lienholder, it’s guaranteed your bank will force you to have insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Mercedes-Benz at a significantly higher premium and force you to pay for it.
- Insurance safeguards both your car and your personal assets. It will also provide coverage for hospital and medical expenses incurred in an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If you have damage to your Mercedes-Benz as the result of the weather or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of having car insurance greatly outweigh the cost, especially if you ever need it. The average driver in California overpays more than $820 a year so it’s recommended you shop around every year to make sure the price is not too high.
Auto insurance analysis for a Mercedes-Benz E350
The coverage table displayed next showcases a range of insurance policy prices for Mercedes-Benz E350 models. Having a better idea how prices are figured can benefit drivers when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $268 | $660 | $354 | $20 | $106 | $1,408 | $117 |
| E350 4-Dr Sedan | $296 | $592 | $274 | $16 | $82 | $1,260 | $105 |
| E350 with 4-MATIC 4-Dr Sedan | $296 | $592 | $274 | $16 | $82 | $1,260 | $105 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Information does not factor in garaging location in San Jose which can influence insurance rates greatly.
Raise deductibles and save
One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The following tables can help you visualize the premium difference when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $100 physical damage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $478 | $1176 | $376 | $22 | $112 | $2,189 | $182 |
| E350 4-Dr Sedan | $528 | $1054 | $292 | $18 | $88 | $2,005 | $167 |
| E350 with 4-MATIC 4-Dr Sedan | $528 | $1054 | $292 | $18 | $88 | $2,005 | $167 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $266 | $620 | $376 | $22 | $112 | $1,396 | $116 |
| E350 4-Dr Sedan | $292 | $556 | $292 | $18 | $88 | $1,246 | $104 |
| E350 with 4-MATIC 4-Dr Sedan | $292 | $556 | $292 | $18 | $88 | $1,246 | $104 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price information does not factor in vehicle location which can impact auto insurance rates greatly.
Based on this data, using a $100 deductible costs about $64 more each month or $768 a year across all Mercedes-Benz E350 models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 14 months between claims, you would save money going with the higher deductible.
The illustration below shows how choosing a deductible and can influence Mercedes-Benz E350 insurance prices for each different age group. The information is based on a single male driver, comp and collision included, and no policy discounts are applied.
Comparison of auto insurance rates by gender and age in San Jose
The information below visualizes the comparison of Mercedes-Benz E350 insurance prices for male and female drivers. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are factored in.
Comparison of full coverage and liability-only policies
The information below shows the comparison of Mercedes-Benz E350 yearly insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no accidents or driving violations, $500 deductibles, single status, and no other discounts are factored in.
Should you buy full coverage or liability only?
There is no clear-cut formula that works best for making the decision to drop physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your Mercedes-Benz E350 replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If you are paying over $400 a year for full coverage, then you might consider buying liability only.
There are a few situations where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Save with these seven discounts
Companies that sell car insurance don’t always publicize the complete list of policy discounts very well, so we researched both well-publicized in addition to some of the lesser obvious discounts you could be receiving when you buy San Jose car insurance online.
- Discount for Life Insurance – If the company offers life insurance, you could get better car insurance rates if you take out life insurance.
- Theft Deterrent – Cars and trucks optioned with advanced anti-theft systems can help prevent theft and will qualify for a discount on a San Jose car insurance quote.
- ABS Brakes – Cars that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
- Claim Free – San Jose drivers who stay claim-free get the best car insurance rates in comparison to insureds who have frequent claims or accidents.
- Multiple Cars – Buying coverage for multiple cars or trucks on the same car insurance policy can get a discount on all vehicles.
- Organization Discounts – Belonging to qualifying clubs or civic groups could earn you a nice discount when getting a San Jose car insurance quote.
- Student Driver Training – Require your teen driver to successfully take a driver’s education course in high school.
It’s important to note that most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
The example below illustrates the difference between Mercedes-Benz E350 auto insurance rates with and without some available policy discounts. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, safe-driver, marriage, and multi-policy discounts applied.
A few companies that have some of the above discounts may include but are not limited to:
If you want the cheapest Mercedes-Benz E350 rate quotes, ask each insurance company which discounts you may be entitled to. All car insurance discounts may not apply in your area. To view insurers that can offer you the previously mentioned discounts in San Jose, click here.
Insurance is available from agents near you
A lot of people prefer to talk to an insurance agent and that is just fine! Good agents will help you protect your assets and will help you if you have claims. An additional benefit of price shopping on the web is that drivers can save money and get better rates but also keep your business local.
Once you complete this simple form, your coverage information is submitted to local insurance agents in San Jose that can provide free San Jose car insurance quotes to get your business. You won’t need to find an agent on your own due to the fact that quote results will go to your email. In the event you want to get a price quote from a particular provider, you can always search and find their rate quote page and give them your coverage information.
Finding the right provider should include more criteria than just a cheap price quote. Here are some questions you might want to ask.
- Where are claims handled?
- How will an accident affect your rates?
- How often do they review policy coverages?
- Are they actively involved in the community?
- Do they receive special compensation for putting your coverage with one company over another?
- Will the agent or a CSR service your policy?
- How much training do they have in personal risk management?
- Where would glass claims be handled in San Jose?
Exclusive and independent San Jose car insurance agents
If you’re trying to find a good insurance agency, it helps to know the two different agency structures and how they are slightly different. Agents are considered either exclusive or independent. Either can write insurance policies, but we need to point out the differences because it can impact which type of agent you select.
Exclusive Insurance Agencies
These type of agents work for only one company and examples are Allstate, State Farm and Farmers Insurance. They usually cannot give you multiple price quotes so they have no alternatives for high prices. These agents are trained well on the products they sell and that enables them to sell even at higher rates. Many people buy from exclusive agents mainly due to the brand legacy rather than low price.
The following are exclusive agencies in San Jose willing to provide price quotes.
- Farmers Insurance – Anh Vu
3005 Silver Creek Rd #110 – San Jose, CA 95121 – (408) 270-3978 – View Map - Van (Von) Le – State Farm Insurance Agent
301 N Jackson Ave #12 – San Jose, CA 95133 – (408) 259-8826 – View Map - Rachel Bhan – State Farm Insurance Agent
1625 N Capitol Ave – San Jose, CA 95132 – (408) 272-2629 – View Map
Independent Agencies or Brokers
Independent agencies are appointed with more than one company so as a result can place your coverage with multiple insurance companies and find the cheapest insurance rates. If your premiums go up, they simply move the coverage in-house which requires no work on your part.
When shopping rates, we highly recommend that you contact at least one independent agent in order to have the best price comparison. Most also have access to smaller companies who may have lower rates.
Below is a list of independent agencies in San Jose willing to provide price quote information.
- Harrington Insurance Agency
6920 Santa Teresa Blvd #101 – San Jose, CA 95119 – (408) 754-9000 – View Map - Filice Insurance Agency
738 N 1st St – San Jose, CA 95112 – (408) 350-5700 – View Map - All Spectrum Insurance Brokers
4010 Moorpark Ave #117 – San Jose, CA 95117 – (408) 604-0092 – View Map
Specific coverage details
Understanding the coverages of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy.
Comprehensive (Other than Collision)
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like hail damage, fire damage, a broken windshield and damage from a tornado or hurricane. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required (15/30/5 in California), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Collision coverage
Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like hitting a mailbox, damaging your car on a curb and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible on your E350 to save money on collision insurance.
Medical expense insurance
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as surgery, ambulance fees, doctor visits and EMT expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Liability coverages
Liability insurance provides protection from damages or injuries you inflict on people or other property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 15/30/5 which stand for $15,000 bodily injury coverage, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000.
Liability coverage protects against things such as court costs, legal defense fees and bail bonds. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford. California state law requires minimum liability limits of 15/30/5 but it’s recommended drivers buy more coverage.
The next chart shows why buying the state minimum limits may not be adequate.
Lower rates by being persistent
In this article, we covered quite a bit of information on how to shop for Mercedes-Benz E350 insurance online. The most important thing to understand is the more you quote San Jose car insurance, the higher the chance of saving money. You may even discover the biggest savings come from a small local company.
While you’re price shopping online, never reduce needed coverages to save money. Too many times, someone sacrificed collision coverage and discovered at claim time they didn’t have enough coverage. The ultimate goal is to get the best coverage possible at the best cost.
Drivers switch companies for any number of reasons including policy non-renewal, high rates after DUI convictions, lack of trust in their agent or being labeled a high risk driver. It doesn’t matter why you want to switch choosing a new company is actually quite simple.
Additional information
- Teen Driver Licensing Information (iihs.org)
- What Car Insurance is Cheapest for a Chevrolet Equinox in San Jose? (FAQ)
- What Auto Insurance is Cheapest for a School Permit in San Jose? (FAQ)
- Who Has Affordable San Jose Auto Insurance After a Speeding Ticket? (FAQ)
- Who Has Affordable San Jose Auto Insurance for Infrequent Drivers? (FAQ)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Anti-Lock Brake FAQ (iihs.org)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- State Car Insurance Guides (GEICO)