Would you like an easy way to compare more competitive Mercedes-Benz E350 insurance in Honolulu? Feel like you're a prisoner to an overpriced insurance policy? Trust us when we tell you many consumers are feeling buyer's remorse and feel like there's no way out.
Unimaginable but true, almost 70% of insureds have stayed with the same insurance company for over three years, and 38% of drivers have never even compared quotes to find cheaper rates. Drivers in Honolulu could save up to 40% every year by just comparing quotes, but they just don't understand how much they could save if they switched to a cheaper policy. You have so many insurance companies to buy insurance from, and although it's nice to have a choice, more options can take longer to locate the cheapest rates for Mercedes-Benz E350 insurance in Honolulu.
This article's intent is to introduce you to how car insurance companies work and how you can save the most money. If you have insurance now, you will surely be able to find the best rates using the concepts you're about to learn. Drivers just need to learn the proper methods to compare price quotes from multiple carriers.
Take policy discounts and save on Mercedes-Benz E350 insurance in Honolulu
Insuring your vehicles can cost a lot, but discounts can save money and there are some available that many people don't even know exist. Many discounts should be triggered when you purchase, but a few must be requested specifically before being credited.
- Resident Student - Kids who live away from home at college and don't have a car can be insured at a reduced rate.
- Accident Free - Insureds with no claims or accidents get the best auto insurance rates when compared to drivers with a long claim history.
- Defensive Driver Discounts - Passing a course in defensive driver could cut 5% off your bill and also improve your driving technique.
- Anti-lock Brake System - Vehicles equipped with ABS or steering control are much safer to drive and therefore earn up to a 10% discount.
- Membership in Organizations - Affiliation with specific professional or occupational memberships or organizations is a simple method to lower premiums on your next auto insurance statement.
- More Vehicles More Savings - Purchasing coverage when you have multiple vehicles on one policy can get a discount on all vehicles.
- Own a Home - Just being a homeowner can save a few bucks because owning a home demonstrates responsibility.
- Renewal Discounts - Some insurance companies reward drivers for switching policies early. This can save 10% or more.
- Passenger Safety Discount - Factory options such as air bags or automatic seat belts can get savings of up to 25% or more.
Please keep in mind that most of the big mark downs will not be given the the whole policy. A few only apply to the cost of specific coverages such as comp or med pay. Even though it appears adding up those discounts means a free policy, you aren't that lucky. Any amount of discount will reduce the amount you have to pay.
A few popular companies and the discounts they provide can be found below.
- Progressive policyholders can earn discounts including good student, continuous coverage, multi-vehicle, homeowner, online signing, and multi-policy.
- The Hartford may offer discounts for anti-theft, vehicle fuel type, air bag, good student, driver training, defensive driver, and bundle.
- Mercury Insurance includes discounts for type of vehicle, location of vehicle, ease of repair, multi-policy, accident-free, and professional/association.
- GEICO may include discounts for anti-theft, federal employee, anti-lock brakes, good student, and multi-vehicle.
- AAA may have discounts that include multi-policy, good driver, good student, AAA membership discount, education and occupation, and multi-car.
- State Farm offers premium reductions for safe vehicle, defensive driving training, accident-free, good student, and good driver.
Before you buy a policy, ask every prospective company the best way to save money. Discounts may not apply in every state. For a list of insurers that can offer you the previously mentioned discounts in Hawaii, click this link.
Most larger insurance companies give prices on their websites. Obtaining pricing for Mercedes-Benz E350 insurance in Honolulu is fairly straightforward as all you need to do is type in the coverages you want as detailed in the form. After the form is submitted, their quoting system automatically retrieves information on your driving record and credit history and returns pricing information determined by many factors. Using the web to get rate quotes for Mercedes-Benz E350 insurance in Honolulu streamlines rate comparisons, and it's also necessary to have as many quotes as possible in order to find the best insurance rates.
In order to find out how much you're overpaying now, compare rates from the companies below. If you have coverage now, it's recommended you type in your coverages identical to your current policy. This guarantees you're receiving a price comparison using the same coverage and limits.
The following companies can provide price comparisons in Honolulu, HI. If multiple companies are shown, we suggest you visit two to three different companies to find the lowest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|E350 2-Dr Coupe||$136||$382||$254||$16||$76||$864||$72|
|E350 4-Dr Sedan||$288||$580||$180||$10||$54||$1,112||$93|
|E350 with 4-MATIC 4-Dr Sedan||$194||$410||$236||$14||$70||$924||$77|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Prices do not factor in specific location which can lower or raise insurance rates significantly.
Cost difference between full coverage and liability
The information below illustrates the comparison of Mercedes-Benz E350 yearly insurance costs with and without full coverage. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, married male driver, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There is no written rule of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let's pretend your Mercedes-Benz E350 replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after the deductible is paid. If premium cost is more than $400 annually to have full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where removing full coverage is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
When it comes to adequate coverage for your vehicles, there really is no "best" method to buy coverage. Each situation is unique.
For instance, these questions can aid in determining if your insurance needs might need an agent's assistance.
- Am I covered by my employer's commercial auto policy when driving my personal car for business?
- How do I file an SR-22 for a DUI in Hawaii?
- When should I remove comp and collision on my Mercedes-Benz E350?
- What is an umbrella policy?
- Is a fancy paint job covered?
- Is my cargo covered for damage or theft?
- How much coverage applies to personal belongings?
If you can't answer these questions, you may need to chat with a licensed insurance agent. If you don't have a local agent, fill out this quick form. It's fast, free and can help protect your family.
When should I contact an agent?
Some consumers just want to get advice from a local agent and that can be a great decision Most agents can point out coverage gaps and help in the event of a claim. An additional benefit of price shopping on the web is the fact that you can find cheaper prices and also buy local. Supporting local agencies is especially important in Honolulu.
After completing this quick form, the quote information gets sent to agents in your area that can give you free Honolulu car insurance quotes to get your business. You won't even need to search for an agent as quotes are delivered directly to your email. If you want to get a rate quote from a specific insurance company, don't hesitate to jump over to their website and submit a quote form there.
If you want a local agent, it's important to understand the types of insurance agents and how they differ in how they can insure your vehicles. Car insurance agents in Honolulu can either be independent agents or exclusive agents. Either one can do a good job, but it's a good idea to understand the difference between them because it may have an impact on which agent you choose.
Independent Car Insurance Agents (or Brokers)
Independent insurance agents often have affiliation with several companies so they can quote policies through lots of different companies and potentially find a lower price. If they quote lower rates, the business is moved internally and you don't have to do anything. If you need cheaper car insurance rates, you need to include rate quotes from a couple of independent agencies to ensure the widest selection of prices.
Listed below are Honolulu independent insurance agencies that may be able to give pricing information.
Exclusive Car Insurance Agencies
These agents are contracted to one company and some examples include State Farm or Allstate. They are unable to provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are highly trained on the products they sell which helps overcome the inability to quote other rates.
Listed below is a short list of exclusive insurance agents in Honolulu who can help you get comparison quotes.
Scott Saito - State Farm Insurance Agent
1150 S King St #901d - Honolulu, HI 96814 - (808) 946-8464 - View Map
Finding the right insurance agency is decision based upon more than just the price. These questions are important to ask:
- Do you work with a CSR or direct with the agent?
- How experienced are they in personal risk management?
- Is the coverage adequate for your vehicle?
- Is auto insurance their primary focus in Honolulu?
- Who are their largest clients?
- What is their Better Business Bureau rating?
- Do they offer accident forgiveness?
As you quote Honolulu car insurance, you should never reduce coverage to reduce premium. There are many occasions where someone sacrificed collision coverage only to regret they didn't purchase enough coverage. The proper strategy is to buy the best coverage you can find for the lowest cost while still protecting your assets.
In this article, we covered some good ideas how you can compare Mercedes-Benz E350 insurance rates in Honolulu. The key thing to remember is the more quotes you get, the higher the chance of saving money. Consumers could even find that the lowest priced insurance comes from a lesser-known regional company.
Consumers switch companies for any number of reasons including lack of trust in their agent, policy non-renewal, high prices or even an unsatisfactory settlement offer. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.
Additional information is located at the links below
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)
- Eight Auto Insurance Myths (Insurance Information Institute)