It’s hard to believe, but most consumers have bought insurance from the same company for over three years, and 38% of drivers have never quoted rates to find affordable coverage. Virginia consumers can cut their rates by up to 45% a year by just comparing rate quotes, but most undervalue the amount of savings they would get if they switch to a new company.
The recommended way to find cheaper car insurance rates is to regularly compare prices from providers in Virginia Beach.
- First, learn about the different coverages in a policy and the things you can control to keep rates low. Many rating factors that cause rate increases like traffic citations, accidents, and a bad credit score can be controlled by making minor changes in your lifestyle.
- Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from many different companies. View companies
- Third, compare the new rate quotes to your current policy and determine if cheaper E350 coverage is available. If you find a better price and make a switch, ensure coverage does not lapse between policies.
- Fourth, tell your current company of your intent to cancel your current auto insurance policy and submit a signed application and payment to the newly selected company. Make sure you keep your new certificate of insurance above your visor, in the console, or in the glove compartment.
A good piece of advice is that you use the same liability limits and deductibles on each quote and and to analyze as many different insurance providers as possible. Doing this guarantees an apples-to-apples comparison and maximum price selection.
Our goal in writing this article help you learn the best way to quote coverages and how you can save the most money. If you already have coverage, you stand a good chance to be able to save money using these methods. Smart buyers just have to understand the tricks to get comparison rates online.
The best way to compare rate quotes for Mercedes-Benz E350 insurance in Virginia Beach takes advantage of the fact almost all companies allow for online access to quote your coverage. To get started, all you need to do is provide information including if it has an alarm system, if you have a valid license, marital status, and driver ages. Your details is automatically sent to many highly-rated insurers and you will get price comparisons instantly.
If you would like to compare rates now, click here and find out if you can get cheaper insurance in Virginia Beach.
The companies shown below have been selected to offer price comparisons in Virginia Beach, VA. If your goal is to find cheaper car insurance in Virginia Beach, we suggest you visit two to three different companies to get the best price comparison.
Auto insurance statistics for a Mercedes-Benz E350
The data table shown next showcases different insurance costs for Mercedes-Benz E350 models. Being more informed about how auto insurance premiums are figured can assist in making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $196 | $488 | $210 | $12 | $62 | $968 | $81 |
| E350 4-Dr Sedan | $214 | $438 | $164 | $10 | $48 | $874 | $73 |
| E350 with 4-MATIC 4-Dr Sedan | $214 | $438 | $164 | $10 | $48 | $874 | $73 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Prices do not factor in specific location which can lower or raise premium rates substantially.
Policy deductible comparison
One of the more difficult decisions when buying auto insurance is how high should the physical damage deductibles be. The following tables may aid in understanding the rate differences when you select higher and lower deductibles. The first data table uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $250 | $574 | $218 | $12 | $66 | $1,145 | $95 |
| E350 4-Dr Sedan | $276 | $514 | $170 | $10 | $50 | $1,045 | $87 |
| E350 with 4-MATIC 4-Dr Sedan | $276 | $514 | $170 | $10 | $50 | $1,045 | $87 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $154 | $362 | $218 | $12 | $66 | $812 | $68 |
| E350 4-Dr Sedan | $170 | $324 | $170 | $10 | $50 | $724 | $60 |
| E350 with 4-MATIC 4-Dr Sedan | $170 | $324 | $170 | $10 | $50 | $724 | $60 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in specific location which can influence premium rates substantially.
We can estimate from the data above that using a $250 deductible will cost you approximately $27 more each month or $324 each year than opting for the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 28 months between claims, you would save money if you opt for a higher deductible.
The diagram below highlights how deductible choice and can affect Mercedes-Benz E350 insurance prices for different ages of insureds. The premium estimates are based on a married male driver, comp and collision included, and no policy discounts are applied.
Impact of violations and accidents on rates in Virginia Beach
The chart below demonstrates how speeding tickets and accidents can drive up Mercedes-Benz E350 insurance prices for each age group. The data is based on a single male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Mercedes-Benz E350 liability-only versus full coverage
The illustration below shows the comparison of Mercedes-Benz E350 annual premium costs with full physical damage coverage and with liability coverage only. The costs are based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Are you wasting money on full coverage?
There is no exact formula to eliminate full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Mercedes-Benz E350 claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $8,000 after the policy deductible has been paid. If you are paying over $800 a year for full coverage, then you might want to think about dropping full coverage.
There are some situations where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Get cheap Mercedes-Benz E350 insurance in Virginia Beach with discounts
Properly insuring your vehicles can get expensive, but there could be significant discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time of quoting, but some must be specially asked for before they will apply.
- Resident Student – Kids who are enrolled in a college that is more than 100 miles from Virginia Beach and won’t have access to an insured vehicle could get you a discount.
- Telematics Data – People who choose to allow their company to look at their driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they have good driving habits.
- Low Miles Discount – Keeping the miles down on your Mercedes-Benz could earn cheaper auto insurance rates.
- Save with More Vehicles Insured – Buying a policy with multiple vehicles on the same auto insurance policy can reduce the rates for all insured vehicles.
- Discount for Life Insurance – Insurance companies who offer life insurance give a small discount if you purchase a life policy as well.
- Discounts for Federal Employees – Employees or retirees of the government could qualify for a slight premium decrease with certain companies.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it will make them better drivers and lower rates.
- Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on Virginia Beach auto insurance quote when compared with frequent claim filers.
It’s important to understand that most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like medical payments or collision. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way.
The diagram below illustrates the comparison of Mercedes-Benz E350 insurance premiums with and without discounts applied to the rates. The data assumes a female driver, no accidents, no driving violations, Virginia 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 marriage, safe-driver, multi-car, claim-free, homeowner, and multi-policy discounts applied.
To find insurance companies with discount auto insurance rates in Virginia, follow this link.
Insuring your Mercedes-Benz vehicle just makes sense
Despite the fact that insurance is not cheap in Virginia Beach, insurance may be required and benefits you in several ways.
- Most states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage if you drive a vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If your vehicle has a loan, most banks will stipulate that you have full coverage to protect their interest in the vehicle. If you let the policy lapse, the bank may buy a policy for your Mercedes-Benz at an extremely high rate and force you to pay for it.
- Insurance protects both your Mercedes-Benz E350 and your personal assets. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability insurance also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your insurance policy will pay to have it repaired.
The benefits of having insurance outweigh the cost, especially for larger claims. The average driver in America is wasting up to $865 each year so you should quote and compare rates once a year at a minimum to ensure rates are competitive.
Independent versus exclusive insurance agencies
Some consumers prefer to buy from a local agent and that can be a smart move Experienced insurance agents will help you protect your assets and help file insurance claims. The biggest benefit of comparing rates online is you may find cheap car insurance quotes but also keep your business local. And supporting neighborhood agents is important especially in Virginia Beach.
Once you complete this simple form, the quote information is immediately sent to insurance agents in Virginia Beach who will give you quotes for your business. You won’t even need to drive around because prices are sent to you. If for some reason you want to get a comparison quote from a specific company, don’t hesitate to jump over to their website and fill out the quote form the provide.
How to choose the best auto insurance agent in Virginia Beach
When narrowing the list to find an insurance agent, there are a couple of different types of agencies to choose from. Car insurance policy providers can be classified as either independent (non-exclusive) or exclusive. Both types can properly insure your vehicles, but it’s worth learning the difference in the companies they write for since it can affect which agent you choose.
Independent Agencies or Brokers
Agents in the independent channel often have many company appointments so as a result can place your coverage with lots of companies and potentially find a lower price. To transfer your coverage to a different company, they simply move the coverage in-house and you won’t have to switch agencies.
When comparing car insurance rates, you absolutely need to include multiple independent agents for maximum quote selection. A lot of them also have access to lesser-known insurance companies that may have much lower rates than larger companies.
Below are Virginia Beach independent agencies who can help you get price quotes.
- Insurance Strategies – The Cooksey Agency
780 Lynnhaven Pkwy #400 – Virginia Beach, VA 23452 – (757) 819-6896 – View Map - Nationwide Insurance: Matthew Clifton Roenker Agency
4870 Haygood Rd Ste 108 – Virginia Beach, VA 23455 – (757) 671-1111 – View Map - Nationwide Insurance: Bob McCrearyh CLU Insurance Agency, Inc.
533 Newtown Rd #112 – Virginia Beach, VA 23462 – (757) 497-1899 – View Map
Exclusive Car Insurance Agencies
Exclusive agents generally can only insure with one company and examples are Allstate and State Farm. These agents are not able to compare other company’s rates so they have to upsell other benefits. Exclusive agencies are usually quite knowledgeable on their company’s products which helps offset the inability to provide other markets. Some people will only buy from the same agent for years mainly due to the brand name rather than low price.
Shown below are exclusive insurance agencies in Virginia Beach that can give you comparison quotes.
- Sharon Lynch – State Farm Insurance Agent
3617 Dam Neck Rd – Virginia Beach, VA 23453 – (757) 430-9000 – View Map - Brett Cambron – State Farm Insurance Agent
1485 General Booth Blvd ste. 114 – Virginia Beach, VA 23454 – (757) 499-0559 – View Map - Frank Owens – State Farm Insurance Agent
1776 Laskin Rd #102 – Virginia Beach, VA 23454 – (757) 428-3101 – View Map
Selecting a auto insurance agent shouldn’t rely on just a cheap quote. Any agent in Virginia Beach should be forthright in answering these questions:
- Do they have cheaper tiers of coverage?
- Do the coverages you’re quoting properly cover your vehicle?
- Can glass claims be handled at your home?
- Will your rates increase after a single accident?
- Does the agency provide any after hours assistance?
- What are their preferred companies if they are an independent agency?
Educate yourself about car insurance coverages
Having a good grasp of your car insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.
Uninsured or underinsured coverage
This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many Virginia drivers only purchase the least amount of liability that is required (which is 25/50/20), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Coverage for liability
This will cover damage or injury you incur to other people or property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/20 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $20,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as structural damage, funeral expenses, loss of income, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. Virginia requires minimum liability limits of 25/50/20 but drivers should carry more coverage.
The illustration below demonstrates why buying low liability limits may not be adequate coverage.
Medical expense coverage
Med pay and PIP coverage pay for short-term medical expenses like chiropractic care, nursing services, hospital visits, dental work and rehabilitation expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Collision protection
This coverage covers damage to your E350 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like driving through your garage door, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also choose a higher deductible on your E350 to get cheaper collision coverage.
Comprehensive protection
This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like damage from getting keyed, hitting a bird and rock chips in glass. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.