Save Money on Mercedes-Benz C350 Insurance in Cincinnati

It’s a known fact that auto insurance companies don’t want you to look at other companies. Insureds who shop around for cheaper prices are very likely to switch car insurance companies because they have a good chance of finding lower prices. Remarkably, a study showed that drivers who faithfully checked for cheaper rates saved as much as $70 a month compared to those who never shopped around.

If finding the lowest price on Mercedes-Benz C350 insurance is why you’re reading this, understanding how to quote prices and compare coverages can make the process less intimidating.

If saving the most money is your goal, then the best way to get low-cost car insurance rates in Cincinnati is to compare prices regularly from companies that insure vehicles in Ohio. Drivers can shop around by completing these steps.

First, learn about individual coverages and the things you can control to drop your rates. Many policy risk factors that are responsible for high rates such as inattentive driving and an unacceptable credit rating can be eliminated by being financially responsible and driving safely.

Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO and Allstate, while independent agencies can quote prices for a wide range of companies.

Third, compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.

Fourth, provide notification to your current agent or company to cancel your current car insurance policy. Submit the completed application along with a down payment to the new company. Once the application is submitted, place your new certificate of insurance along with the vehicle’s registration papers.

The key aspect of shopping around is to compare the same coverage limits and deductibles on each price quote and and to get quotes from as many companies as possible. Doing this provides an apples-to-apples comparison and a complete rate analysis.

If you have a current insurance policy, you will most likely be able to save money using these methods. Our objective is to tell you the most effective ways to compare rates and some tips to save money. But Ohio drivers must comprehend the methods companies use to determine how much to charge because rates fluctuate considerably.

When comparison shopping, comparing a large number of companies helps improve the odds of finding the best offered rates.

The car insurance companies shown below are ready to provide price quotes in Cincinnati, OH. To find the cheapest car insurance in Ohio, we recommend you click on several of them to find the lowest car insurance rates.

Data for Mercedes-Benz C350 insurance

The rate table below covers a range of coverage costs for Mercedes-Benz C350 models. Having knowledge of how car insurance prices are determined can help you make smart choices when purchasing an auto insurance policy.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle location which can influence premium rates considerably.

Higher deductibles lower rates

One of the more difficult decisions when buying insurance is how high should the deductibles for physical damage be. The comparison tables below approximate the rate differences between low and high insurance deductibles. The first data set uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific zip code location which can alter premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $20 more each month or $240 every year averaged for all C350 models than choosing the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 20 months between claims, you would save more money if you elect the higher deductible. The table below shows an example of how this calculation is made.

One important note is that higher deductibles means you will have to pay more of your own money if you have a claim. You need to make sure you have enough extra savings in the event you have to pay the deductible for vehicle repair.

The example below shows how different deductible levels and can influence Mercedes-Benz C350 annual premium costs for different age groups of insureds. The premiums are based on a single male driver, full coverage, and no additional discounts are factored in.

Yearly insurance costs for men versus women

The example below shows the difference between Mercedes-Benz C350 insurance costs for male and female drivers. The price estimates are based on no violations or claims, full coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Should you buy full coverage?

The chart below compares Mercedes-Benz C350 auto insurance rates with liability coverage only compared to full coverage. The premiums assume no violations or claims, $100 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no clear-cut rule for phasing out physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s say your Mercedes-Benz C350 replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying your policy deductible. If you are paying in excess of $700 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where buying only liability insurance is not advised. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

How Insurance Companies Determine Mercedes-Benz C350 Insurance Costs

Lots of factors are taken into consideration when quoting car insurance. Some of the criteria are obvious such as traffic violations, but others are less obvious such as whether you are married or your financial responsibility. When buying insurance it’s important to understand the rating factors that come into play when calculating the level of your policy premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that could help you find better insurance rates.

The itemized list below are a few of the things used by insurance companies to determine premiums.

• Choose high IIHS safety ratings and save – Safe vehicles get lower rates. Highly rated vehicles help reduce the chance of injuries in an accident and better occupant protection translates into savings for insurance companies which can mean better rates for you. If your Mercedes-Benz scored at minimum four stars on Safercar.gov you may be receiving a better rate.

• Get a ticket, pay higher premiums – Drivers who don’t get tickets have lower premiums than bad drivers. Only having one speeding ticket may increase your cost by as much as twenty percent. Drivers who have gotten careless citations like DUI or willful reckless driving may need to maintain a SR-22 with the DMV in their state in order to continue driving.

  The diagram below demonstrates how citations and at-fault collisions drive up Mercedes-Benz C350 insurance costs for each different age category. The costs are based on a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

• Infrequent drivers can save – Driving more miles each year the higher your rates will be. The majority of insurers price each vehicle’s coverage partially by how you use the vehicle. Cars left parked in the garage can get a lower rate compared to those used for work or business. Having the wrong rating on your C350 can cost quite a bit. Verify your insurance policy is rated on the correct driver usage, because improper ratings can cost you money.
• Add-on coverages that aren’t used – There are a ton of additional coverages that you can buy but may not be useful. Insurance for vanishing deductibles, high-cost glass coverage, and extra equipment coverage are examples of these. They may sound like good ideas at first, but now you might not need them so get rid of them and save.
• Lower rates with GPS tracking and theft deterrents – Driving a car with anti-theft technology or alarm system can save you some money. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
• When should you file insurance claims? – If you tend to file frequent claims, don’t be surprised to see either higher rates or even cancellation. Car insurance companies in Ohio provide lower rates to insureds that do not abuse their auto insurance. Auto insurance is intended for major claims that would cause financial hardship.
• Demanding employer may mean higher rates – Did you know that where you work can have an impact on rates? Occupational choices like military personnel, business owners, and emergency personnel generally have higher premiums than the average policyholder attributed to high stress and long work days. On the other hand, careers like actors, athletes and homemakers pay the least.

Insurance is not optional

Even though it can be expensive, insurance is required for several reasons.

First, almost all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability in order to be legal. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your Mercedes-Benz C350, most banks will force you to have full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may insure your Mercedes-Benz for a much higher rate and require you to fork over for the expensive policy.

Third, insurance protects not only your vehicle but also your assets. It will also cover all forms of medical expenses incurred in an accident. Liability coverage will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car greatly outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $750 every year so smart consumers compare quotes once a year at a minimum to ensure rates are competitive.