Pricey car insurance in Nashville can sap your family’s budget and make it hard to pay other bills. Comparing rate quotes can help to lower your monthly bill.
It’s an obvious conclusion that auto insurance companies don’t want their policyholders to compare prices. Consumers who compare price quotes will probably buy a new policy because there is a significant possibility of finding a lower-priced policy. A study showed that drivers who routinely shopped for cheaper coverage saved over $3,400 over four years compared to those who never shopped around for better prices.
If finding the lowest price for Mercedes-Benz E350 insurance in Nashville is the reason you’re reading this, then understanding how to compare insurance premiums can help you be more efficient.
Steps to finding cheaper rates for Mercedes-Benz E350 insurance in Nashville
The best way to get discount Mercedes-Benz E350 insurance is to make a habit of comparing prices annually from companies who sell insurance in Nashville. Prices can be compared by following these steps.
Step 1: Try to understand what coverages are included in your policy and the modifications you can make to lower rates. Many rating factors that result in higher rates such as at-fault accidents and your credit history can be remedied by being financially responsible and driving safely. Continue reading for information to prevent high rates and get bigger discounts that may have been overlooked.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple companies. View rates
Step 3: Compare the new quotes to your current policy and determine if there is any savings. If you can save money and switch companies, ensure there is no coverage lapse between policies.
Step 4: Provide proper notification to your current company to cancel your current auto insurance policy. Submit payment and a completed application to the new company. As soon as you have the new policy, put the new certificate verifying proof of insurance with your registration paperwork.
One bit of advice is to make sure you’re comparing the same amount of coverage on each price quote and to quote with as many different companies as possible. Doing this enables the most accurate price comparison and a thorough selection of prices.
Because there are so many car insurance companies to choose from, it can be challenging to find the lowest price car insurance provider.
It’s a good idea to shop coverage around on a regular basis since rates trend upward over time. Even if you think you had the best rate on Mercedes-Benz E350 insurance in Nashville two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.
Obtaining price quotes for cheaper auto insurance policy in Nashville is actually quite simple. If you have coverage now or just want cheaper coverage, you can use these techniques to reduce premiums and still have adequate protection. Smart buyers just need to understand the least time-consuming way to shop their coverage around from many different companies online.
Mercedes-Benz E350 insurance discounts in Nashville
Car insurance can cost a lot, but companies offer discounts to help bring down the price. A few discounts will automatically apply when you quote, but less common discounts must be requested specifically prior to getting the savings.
- Discounts for Government Workers – Having worked for a branch of the government can earn a discount up to 10% with some car insurance companies.
- E-sign Discounts – A handful of car insurance companies will give a small break for completing your application on the web.
- Military Deployment Discount – Having a deployed family member can result in better premium rates.
- Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. You can use this discount normally up to age 25.
- Accident-Free Discounts – Good drivers with no accidents pay much less when compared with policyholders that have many claims.
- Full Payment Discount – By paying your entire bill at once instead of monthly or quarterly installments you can actually save on your bill.
- Save over 55 – Older drivers can get a small decrease in premiums.
- Accident Waiver – Not a discount per se, but a handful of insurance companies may permit one accident without the usual rate increase if you have no claims for a set time period.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though it appears adding up those discounts means a free policy, you aren’t that lucky. Any amount of discount will positively reduce your policy cost.
The chart below compares Mercedes-Benz E350 premium costs with and without discounts applied. The premiums are based on a female driver, no driving violations, no at-fault accidents, Tennessee state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, safe-driver, claim-free, and marriage discounts applied.
If you would like to view companies that offer the discounts shown above in Tennessee, follow this link.
The most recommended method to compare car insurance company rates for Mercedes-Benz E350 insurance in Nashville is to understand most of the bigger providers actually pay money for the chance to give rate comparisons. The only thing you need to do is provide information like daily mileage, whether you have decent credit, if a SR-22 is required, and whether you are single or married. Your details gets sent immediately to many of the top insurers and you get price estimates instantly to find the best rate.
To find the cheapest Mercedes-Benz E350 insurance rates, click here and enter your zip code.
The companies shown below can provide price comparisons in Nashville, TN. In order to find the best cheap car insurance in Nashville, it’s a good idea that you click on several of them in order to find the most competitive rates.
Analysis of Mercedes-Benz E350 rates
The rate information displayed below showcases a range of insurance prices for Mercedes-Benz E350 models. Being aware of how auto insurance prices are established is important for drivers to make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $240 | $638 | $230 | $14 | $70 | $1,192 | $99 |
| E350 4-Dr Sedan | $266 | $572 | $180 | $10 | $54 | $1,082 | $90 |
| E350 with 4-MATIC 4-Dr Sedan | $266 | $572 | $180 | $10 | $54 | $1,082 | $90 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can affect insurance rates considerably.
Deductible analysis
One of the most common car insurance questions is how high should the deductibles for physical damage be. The tables below approximate the premium difference when you buy lower versus higher deductibles. The first rate quote example uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $312 | $768 | $246 | $14 | $74 | $1,439 | $120 |
| E350 4-Dr Sedan | $344 | $688 | $190 | $12 | $58 | $1,317 | $110 |
| E350 with 4-MATIC 4-Dr Sedan | $344 | $688 | $190 | $12 | $58 | $1,317 | $110 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $228 | $520 | $246 | $14 | $74 | $1,082 | $90 |
| E350 4-Dr Sedan | $252 | $466 | $190 | $12 | $58 | $978 | $82 |
| E350 with 4-MATIC 4-Dr Sedan | $252 | $466 | $190 | $12 | $58 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in specific Nashville garaging location which can decrease or increase price quotes noticeably.
Based on these figures, using a $100 deductible will cost in the ballpark of $28 more each month or $336 each year across all Mercedes-Benz E350 models than buying the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at least 14 months between claim filings, you would save money if you decide on a higher deductible. The table below shows how this decision is made.
| Average monthly premium for $100 deductibles: | $113 |
| Average monthly premium for $500 deductibles (subtract): | – $85 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
Drive responsibly or pay higher rates
The chart below shows how violations and at-fault accidents can drive up Mercedes-Benz E350 insurance rates for different ages of insureds. The rate quotes are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
Insurance premiums for males and females
The information below illustrates the difference between Mercedes-Benz E350 car insurance costs for male and female drivers. Data assumes a clean driving record, no claims, full physical damage coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.
Insurance Cost Influencing Factors
Smart consumers have a good feel for a few of the rating criteria that go into determining the rates you pay for auto insurance. If you have a feel for what determines base rates, this helps enable you to make changes that could help you find cheaper rates.
Shown below are some of the things companies use to determine prices.
Policy add-ons may not be needed – Insurance policies have a lot of optional add-on coverages that can add up on your auto insurance policy. Coverages like roadside assistance, towing coverage, and motor club memberships are examples of these. These may sound like a good investment initially, but now you might not need them so get rid of them and save.
Costs impacted by vehicle usage – The more miles you rack up on your Mercedes-Benz annually the more you’ll pay to insure it. Almost all companies calculate rates based on how the vehicle is used. Cars not used for work or commuting can get a lower rate than those that get driven frequently. An incorrectly rated E350 is throwing money out the window. Make sure your policy shows the right rating data.
Vehicle theft costs us all – Buying a car with a theft deterrent system can save you some money. Systems that thwart thieves like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent your car from being stolen.
When should you not file claims? – If you file a lot of claims don’t be surprised to see either higher rates or even cancellation. Companies in Tennessee provide cheaper rates to drivers who do not file claims often. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
Neighborhood agents and car insurance
Some consumers would rather talk to an insurance agent and doing that can be a smart decision Most agents will help you protect your assets and help you file claims. One of the benefits of comparing car insurance online is that you can obtain cheaper rates and still buy from a local agent. Buying from and supporting small agencies is important especially in Nashville.
By using this quick form, your coverage information is instantly submitted to local insurance agents in Nashville who will gladly provide quotes for your insurance coverage. You don’t have to find an agent on your own due to the fact that quote results will go to you. If you wish to compare rates from a particular provider, just go to their quote page and give them your coverage information.
When looking for an insurance agent, there are two different agency structures that you can select. Car insurance agents in Nashville are either independent agents or exclusive agents. Both types of agents can handle car insurance, but it’s important to know the difference in the companies they write for because it can influence the selection process.
Independent Car Insurance Agents
Agents of this type are not employed by any specific company and that is an advantage because they can write policies with an assortment of companies and potentially find a lower price. If they find a lower price, the business is moved internally and you don’t have to find a new agent. If you are comparing car insurance prices, it’s recommended you include rate quotes from several independent agencies to have the most options to choose from.
Shown below is a list of independent insurance agents in Nashville that can give you comparison quotes.
Sturdivant Insurance
1400 Forrest Ave – Nashville, TN 37206 – (615) 943-4962 – View Map
Prince Insurance Agency, Inc.
1101 Kermit Dr #205 – Nashville, TN 37217 – (615) 823-6987 – View Map
Manning Agency
104 Woodmont Blvd – Nashville, TN 37205 – (615) 383-6700 – View Map
Exclusive Car Insurance Agencies
Exclusive agencies generally can only insure with one company such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot compare other company’s rates so it’s a take it or leave it situation. These agents are very knowledgeable on what they offer and that enables them to sell even at higher rates.
Shown below are Nashville exclusive insurance agents that can give you rate quotes.
Marc Gant – State Farm Insurance Agent
6601 Sugar Valley Dr #114 – Nashville, TN 37211 – (615) 941-7094 – View Map
Ray Watts – State Farm Insurance Agent
4703 Gallatin Pike – Nashville, TN 37216 – (615) 228-1338 – View Map
Vernon Wells – State Farm Insurance Agent
4704 Nolensville Rd – Nashville, TN 37211 – (615) 833-6333 – View Map
Finding the right car insurance agent is decision based upon more than just the premium amount. Some important questions to ask are:
- How will an accident affect your rates?
- If your car is in the repair shop, do you have coverage for a rental car?
- Are claim adjusters local or do you have to take your car somewhere else?
- Are they primarily personal or commercial lines agents in Nashville?
- How many years have they been established?
- Does the agent help file claims?
- Do they receive special compensation for putting your coverage with one company over another?
If you get good answers to any questions you have as well as a price you’re happy with, you may have found an insurance agent that meets the requirements to adequately provide car insurance. But remember, you are able to cancel your policy whenever you wish so never assume you are locked into any specific agency for the full term.
Car insurance does more than just protect your car
Even though Nashville E350 insurance rates can get expensive, maintaining insurance may be mandatory for several reasons.
- Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability in order to license the vehicle. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you bought your vehicle with a loan, most lenders will make it a condition of the loan that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Mercedes-Benz at a more expensive rate and require you to fork over a much higher amount than you were paying before.
- Insurance protects not only your vehicle but also your financial assets. It also can pay for medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance are without a doubt worth the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so it’s important to compare rates at every policy renewal to ensure rates are inline.
Quote often and quote early
The cheapest Mercedes-Benz E350 insurance in Nashville can be found online and with local Nashville insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not provide rates over the internet and these smaller companies prefer to sell through local independent agents.
You just read quite a bit of information on how to get a better price on Mercedes-Benz E350 insurance in Nashville. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with the least-expected company. Some small companies can often provide lower auto insurance rates in certain areas compared to the large companies like Progressive or GEICO.
Steps to buying lower priced Mercedes-Benz E350 insurance in Nashville
If saving money is your primary concern, then the best way to get budget Mercedes-Benz E350 insurance is to start comparing prices yearly from insurers in Nashville. Price quotes can be compared by following these steps.
- Gain an understanding of how companies price auto insurance and the measures you can take to drop your rates. Many policy risk factors that drive up the price like accidents, traffic violations, and an imperfect credit score can be amended by making minor driving habit or lifestyle changes.
- Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like Progressive or Allstate, while independent agencies can provide prices from multiple insurance companies.
- Compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money and buy the policy, verify that coverage does not lapse between policies.
- Give proper notification to your current agent or company to cancel your current auto insurance policy. Submit a signed application and payment to the new company. Once the paperwork is finalized, safely store the certificate verifying coverage with your vehicle’s registration.
An essential thing to point out is to use identical deductibles and limits on every price quote and and to compare as many carriers as you can. Doing this guarantees a level playing field and a good representation of prices.
Other resources
- Senior Drivers (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for High Mileage Drivers in Nashville? (FAQ)
- Who Has Affordable Car Insurance Quotes for Veterans in Nashville? (FAQ)
- What Auto Insurance is Cheapest for a School Permit in Nashville? (FAQ)
- Who Has Affordable Auto Insurance for a Honda CR-V in Nashville? (FAQ)
- How Much are Car Insurance Rates for College Students in Nashville? (FAQ)
- How Much are Nashville Auto Insurance Rates for a Toyota 4Runner? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Understanding your Policy (NAIC.org)