Mercedes-Benz E350 Insurance Quotes in Lexington

Discount Mercedes-Benz E350 insuranceUnbelievably, almost 70% of insureds have bought insurance from the same company for a minimum of four years, and just short of a majority have never shopped around. With the average premium in Kentucky being $2,134, drivers could cut their rates by nearly $600 a year, but most undervalue the large savings they would see if they switched.

If saving money is your primary concern, then the best way to get affordable Mercedes-Benz E350 insurance in Lexington is to regularly compare quotes from different companies who sell insurance in Kentucky.

First, take a little time to learn about how insurance works and the things you can change to keep rates in check. Many risk factors that increase rates such as speeding tickets, accidents and a not-so-good credit rating can be improved by being financially responsible and driving safely.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while independent agents can quote rates for a wide range of insurance providers.

Third, compare the new rate quotes to your current policy premium and see if you can save money. If you find a lower rate and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give proper notification to your current agent or company to cancel your current coverage and submit the signed application along with the required initial payment to your new carrier. Immediately upon receiving it, keep the new certificate of insurance in an easily accessible location in your vehicle.

An important part of this process is that you use the same deductibles and limits on every quote request and and to get price estimates from as many carriers as you can. This enables a fair rate comparison and a thorough selection of prices.

When comparing insurance rates, know that obtaining a wide range of quotes gives you a better chance of getting a better price. Some companies don’t provide rate quotes online, so it’s important to also get prices from those companies as well.

The companies shown below are ready to provide price quotes in Kentucky. If you want cheap auto insurance in Lexington, it’s highly recommended you visit several of them to get a more complete price comparison.

Auto insurance statistics and figures

The rate information shown next covers estimates of insurance coverage prices for Mercedes-Benz E350 models. Having knowledge of how auto insurance premiums are formulated can be useful when making smart choices when choosing a car insurance company.


Mercedes-Benz E350 Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $150 $380 $260 $16 $78 $884 $74
E350 4-Dr Sedan $166 $340 $202 $12 $60 $780 $65
E350 with 4-MATIC 4-Dr Sedan $166 $340 $202 $12 $60 $780 $65
Get Your Own Custom Quote Go

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific zip code location which can affect prices greatly.

Physical damage deductibles: Should you raise them?

When buying auto insurance, a common question is how high should the physical damage coverage deductibles be. The rates below may help you to understand the price difference between low and high physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.


Mercedes-Benz E350 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $318 $728 $278 $16 $84 $1,449 $121
E350 4-Dr Sedan $350 $652 $216 $12 $64 $1,319 $110
E350 with 4-MATIC 4-Dr Sedan $350 $652 $216 $12 $64 $1,319 $110
Get Your Own Custom Quote Go

Mercedes-Benz E350 insurance policy rates with $1,000 deductibles
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

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in vehicle location which can revise coverage prices noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you roughly $34 more each month or $408 each year than quoting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 22 months between claims, you would save money by going with a higher deductible.

The illustration below illustrates how choosing a deductible and can influence Mercedes-Benz E350 insurance costs for different age categories. The premiums assume a married female driver, full coverage, and no discounts are applied.

Liability only or full coverage

The diagram below illustrates the comparison of Mercedes-Benz E350 car insurance rates with full coverage compared to only the Kentucky minimum liability coverage. The premiums assume no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are factored in.

When to switch to liability coverage only

There isn’t a steadfast formula to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Mercedes-Benz E350 replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $7,000 after paying the physical damage deductible. If you are currently paying more than $700 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some cases where buying only liability insurance is not advised. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.

The Mercedes-Benz E350 Insurance Premium Equation

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for car insurance. When you know what positively or negatively impacts premium levels, this enables informed choices that will entitle you to big savings.

Car insurance does more than just protect your car

Even though it’s not necessarily cheap to insure a Mercedes-Benz in Lexington, paying for car insurance is mandatory in Kentucky but it also protects more than you think.

The benefits of carrying enough insurance more than offset the price you pay, especially when you need to use it. But the average American driver is currently overpaying as much as $825 a year so compare rates at least once a year to make sure the price is not too high.