The most effective way to save on car insurance rates in Toledo is to regularly compare price quotes from different companies who can sell car insurance in Ohio. This can be done by following these steps.
Step 1: Gain an understanding of individual coverages and the things you can control to lower rates. Many policy risk factors that cause rate increases like accidents, traffic tickets, and a less-than-favorable credit history can be controlled by improving your driving habits or financial responsibility. Later in this article we will cover more information to help prevent costly coverage and find discounts that may have been missed.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agents can provide rate quotes for a wide range of insurance providers.
Step 3: Compare the new rate quotes to your existing policy and see if there is a cheaper rate. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
Step 4: Notify your agent or company of your decision to cancel your current coverage and submit a signed application and payment to your new company or agent. As soon as you receive it, store the certificate verifying proof of insurance in your vehicle.
The most important part of this process is to try to use similar coverage information on every price quote and and to get price quotes from as many companies as you can. Doing this guarantees the most accurate price comparison and many rates to choose from.
Shockingly, almost 70% of drivers kept buying from the same company for four years or more, and almost 40% of drivers have never shopped around. Many drivers in Ohio could save $730 a year just by getting comparison quotes, but they don’t believe the actual amount they would save if they switched to a cheaper policy.
Locating the best rates in Toledo can really be easy if you know what you’re doing. Essentially every person who is required by state law to have car insurance will most likely find better rates. Although Ohio vehicle owners do need to understand how big insurance companies price insurance differently and apply this information to your search.
Mercedes-Benz E350 Insurance Cost Factors
It’s important that you understand a few of the rating criteria that are used to determine your policy premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that will entitle you to better car insurance rates.
Listed below are some of the things that factor into your rate level.
Does insurance coverage cost more for men? – Statistics have proven that females tend to be a little less risky than males. However, don’t assume that men are WORSE drivers than women. Men and women cause at-fault accidents in similar percentages, but the male of the species tend to have higher claims. They also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers are the most expensive to insure and therefore have the most expensive car insurance rates.
The illustration below visualizes the comparison of Mercedes-Benz E350 insurance costs for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
Rural areas have lower premiums – Living in areas with lower population has definite advantages when shopping for auto insurance. Fewer drivers translates into fewer accidents in addition to lower liability claims. Drivers who live in large Ohio cities regularly have traffic congestion and longer commutes to work. More time behind the wheel means more chances of being involved in an auto accident.
Prevent your car from being stolen – Selecting a car model that has an advanced theft prevention system can help lower your premiums. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft and help bring rates down.
Responsible drivers pay less – Careful drivers have lower premiums than bad drivers. Having a single driving citation could increase your next policy renewal by as much as thirty percent. Drivers who get license-revoking violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to complete a SR-22 with their state’s licensing department in order to prevent a license revocation.
The chart below demonstrates how traffic citations and fender-benders can affect Mercedes-Benz E350 car insurance rates for each different age group. The data assumes a single female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
When looking for the cheapest Mercedes-Benz E350 rate quotes, there are a couple ways to obtain and compare prices from many different Ohio insurance companies. The simplest method to find cheaper Mercedes-Benz E350 rates is to jump online and get quotes.
Getting free rates online is quite simple, and it makes it a waste of time to spend your day driving to insurance agencies in your area. The ability to buy insurance online makes this unnecessary unless you have a need for the advice and guidance that you can only get from talking to an agent. If you prefer, some companies allow you to price shop your coverage online but have your policy serviced through an agent.
When comparison shopping, comparing more quotes helps locate lower pricing.
The providers in the list below are our best choices to provide price quotes in Toledo, OH. To get cheap auto insurance in Ohio, we suggest you compare several of them to get the lowest price.
Mercedes-Benz E350 insurance rates and statistics
The coverage table shown below covers detailed analysis of insurance costs for Mercedes-Benz E350 models. Understanding how car insurance prices are figured can help you make informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $220 | $506 | $192 | $12 | $58 | $988 | $82 |
| E350 4-Dr Sedan | $244 | $454 | $150 | $10 | $44 | $902 | $75 |
| E350 with 4-MATIC 4-Dr Sedan | $244 | $454 | $150 | $10 | $44 | $902 | $75 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can impact auto insurance rates greatly.
Rate comparison for different deductibles
When comparing insurance rates, the most common question is where to set your physical damage deductibles. The following tables summarize how much more rates are between low and high physical damage deductibles. The first rate estimation uses a $250 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $220 | $506 | $192 | $12 | $58 | $1,013 | $84 |
| E350 4-Dr Sedan | $244 | $454 | $150 | $10 | $44 | $927 | $77 |
| E350 with 4-MATIC 4-Dr Sedan | $244 | $454 | $150 | $10 | $44 | $927 | $77 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $136 | $318 | $192 | $12 | $58 | $716 | $60 |
| E350 4-Dr Sedan | $150 | $286 | $150 | $10 | $44 | $640 | $53 |
| E350 with 4-MATIC 4-Dr Sedan | $150 | $286 | $150 | $10 | $44 | $640 | $53 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in specific location information which can increase or decrease auto insurance rates considerably.
Based on this data, using a $250 deductible costs roughly $24 more each month or $288 each year averaged for all E350 models 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 average more than 31 months between claim filings, you would save money if you decide on a higher deductible. Below is the way you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $79 |
| Average monthly premium for $1,000 deductibles (subtract): | – $55 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One important issue to know is that increasing deductibles to save money means you will have to pay more out-of-pocket when you do file a claim. That will force you to have enough extra money in the event you need to pay more to get your vehicle repaired.
Why do I need car insurance?
Despite the high cost, insuring your vehicle may be required and benefits you in several ways.
- Most states have minimum liability requirements which means the state requires specific limits of liability if you drive a vehicle. 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.
- If you took out a loan on your Mercedes-Benz E350, it’s most likely the lender will have a requirement that you have comprehensive coverage to guarantee loan repayment. If you do not keep the policy in force, the bank or lender will purchase a policy for your Mercedes-Benz for a lot more money and force you to pay for it.
- Car insurance protects your car and your assets. It also can pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance are definitely more than the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays more than $825 a year so it’s important to compare rates each time the policy renews to save money.
Don’t overlook these Mercedes-Benz E350 insurance discounts
Auto insurance is not an enjoyable expense, but you may find discounts that many consumers don’t even know exist. Larger premium reductions will be automatically applied at the time you complete a quote, but once in a while a discount must be asked about in order for you to get them. If they aren’t giving you every credit you deserve, you are not getting the best rate possible.
- Active Service Discounts – Having an actively deployed family member may qualify for rate reductions.
- Online Discount – A handful of insurance companies will give you a small discount shop Toledo auto insurance on the internet.
- Good Driver Discount – Drivers who avoid accidents may receive a discount up to 45% compared to accident prone drivers.
- Defensive Driver Discount – Taking a course teaching defensive driving skills is a good idea and can lower rates and also improve your driving technique.
- Senior Citizens – Older drivers could receive a discount up to 10%.
- Claim-Free Discount – Claim-free drivers pay much less as opposed to frequent claim filers.
You can save money using discounts, but most credits do not apply to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. Even though the math looks like it’s possible to get free car insurance, that’s just not realistic.
The illustration below illustrates the comparison of Mercedes-Benz E350 insurance premiums with and without discounts applied to the policy premium. The prices are based on a female driver, no claims or violations, Ohio 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 multi-car, marriage, safe-driver, claim-free, multi-policy, and homeowner discounts applied.
A few of the larger companies and a partial list of their discounts can be found below.
- 21st Century policyholders can earn discounts including automatic seat belts, student driver, driver training, early bird, and homeowners.
- State Farm offers premium reductions for defensive driving training, multiple autos, anti-theft, safe vehicle, good student, accident-free, and student away at school.
- AAA may have discounts that include education and occupation, anti-theft, multi-policy, multi-car, good driver, and pay-in-full.
- Liberty Mutual has savings for teen driver discount, exclusive group savings, multi-policy, safety features, new move discount, and new graduate.
- Progressive may include discounts for continuous coverage, online quote discount, multi-vehicle, multi-policy, homeowner, good student, and online signing.
When quoting, ask each insurance company to give you their best rates. Some discounts may not be available in every state. If you would like to choose from a list of providers offering auto insurance discounts in Ohio, click here.
Compare rate quotes but work with a local Toledo insurance agent
Some consumers prefer to sit down and talk to an agent and that is not a bad decision The best thing about price shopping on the web is that drivers can save money and get cheaper prices and still choose a local agent.
By using this simple form, the quote information is instantly submitted to insurance agents in Toledo who will gladly provide quotes for your business. There is no need to search for any insurance agencies since rate quotes are delivered instantly to you. Get lower rates AND a local agent. In the event you want to quote rates from a particular provider, you just need to go to their quote page and complete a quote there.
Finding the right insurer should include more criteria than just the bottom line cost. A good agent in Toledo will have answers to these questions.
- Do they get paid more for recommending certain coverages?
- What companies can they write with?
- Is there any savings for paying the full premium?
- When do they do policy reviews?
- Do they regularly work with personal auto policies in Toledo?
Pick the best car insurance agent in Toledo for you
If you want an insurance agent, there are two types of agencies that differ in how they can insure your vehicles. Insurance agents are categorized either independent or exclusive depending on the company they work for.
Exclusive Insurance Agencies
Agents of this type can only provide pricing for a single company like Farmers Insurance, Allstate, or State Farm. These agents are unable to compare rates from other companies so they are skilled at selling on more than just price. Exclusive agents receive extensive training on sales techniques which helps offset the inability to provide other markets.
Shown below are Toledo exclusive insurance agents willing to provide rate quotes.
Matt Vierk – State Farm Insurance Agent
5650 W Central Ave, Ste AA – Toledo, OH 43615 – (419) 843-4001 – View Map
State Farm: Rex Sims
111 N Reynolds Rd – Toledo, OH 43615 – (419) 531-4036 – View Map
Dave Bly – State Farm Insurance Agent
2416 W Laskey Rd – Toledo, OH 43613 – (419) 474-9672 – View Map
Independent Insurance Agencies
Independent insurance agents are not restricted to one company so they can write business amongst many companies and help determine which has the cheapest rates. To move your coverage to a new company, the business is moved internally and you don’t have to find a new agent. When shopping rates, you need to get several quotes from a few independent agents so that you have a good selection of quotes to compare.
Listed below is a short list of independent insurance agents in Toledo that are able to give price quotes.
Park and Co Insurance
5749 Park Center Ct – Toledo, OH 43615 – (419) 474-8135 – View Map
Knight Insurance Group
22 N Erie St – Toledo, OH 43624 – (419) 241-5133 – View Map
House of Insurance
5801 Telegraph Rd – Toledo, OH 43612 – (419) 476-8436 – View Map
If you feel you receive good answers for all questions you ask as well as a price you’re happy with, you may have just found an insurance agent that meets your needs to provide insurance coverage. Keep in mind you have the power to cancel a policy for any reason so never feel that you’re stuck with the insurance policy for the entire policy term.
Different people need different car insurance coverages
When quoting and comparing coverage, there is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that
For instance, these questions may help highlight whether your personal situation would benefit from professional advice.
- Should I buy more coverage than the required Ohio minimum liability coverage?
- How much will a speeding ticket raise my rates?
- Do I have ACV or replacement cost coverage?
- Does my insurance cover my expensive audio equipment?
- Should I rate my Mercedes-Benz E350 as pleasure use or commute?
- When should I not file a claim?
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
A little work can save a LOT of money
We just showed you many ways to reduce Mercedes-Benz E350 insurance premium rates online in Toledo. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding cheaper Toledo auto insurance quotes. You may even find the best premium rates are with an unexpected company. Smaller companies can often provide lower prices in certain areas than the large multi-state companies such as Progressive or GEICO.
As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. Too many times, someone sacrificed liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at the best cost, but do not sacrifice coverage to save money.
To read more, feel free to browse the following helpful articles:
- State Laws for Cellphones and Texting (iihs.org)
- What Auto Insurance is Cheapest for Felons in Toledo? (FAQ)
- What Car Insurance is Cheapest for a Nissan Rogue in Toledo? (FAQ)
- Who Has the Cheapest Toledo Auto Insurance Rates for Retired Military? (FAQ)
- Who Has Cheap Car Insurance Rates for Good Drivers in Toledo? (FAQ)
- Who Has Cheap Toledo Auto Insurance After a Speeding Ticket? (FAQ)
- Who Has Cheap Toledo Auto Insurance Rates for Unemployed Drivers? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Rollover Crash FAQ (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)