Overpriced car insurance in Evansville can dwindle your family's budget and make it tough to pay other bills. Price shopping at each renewal can be a smart way to make ends meet.

Discount Mercedes-Benz E350 insuranceShocking but true, 70% of consumers have remained with the same car insurance company for more than four years, and nearly 40% of drivers have never even compared quotes to find cheaper rates. Many drivers in Indiana could save up to 55% a year, but they don't invest the time required to go online and compare rates.

Many insurance companies vie for your insurance dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute best rates possible on Mercedes-Benz E350 insurance in Evansville.

If you currently have auto insurance, you should be able to buy cheaper auto insurance using the tips covered below. Choosing the best rates in Evansville is quite easy if you know the best way to do it. But Indiana drivers should learn how insurance companies determine what you pay and apply this information to your search.

Keep in mind that comparing more prices helps locate lower pricing.

The companies shown below have been selected to offer comparison quotes in Evansville, IN. If multiple companies are listed, we recommend you visit two to three different companies to get the most affordable price.

Mercedes-Benz E350 Insurance Rates in Evansville, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $154 $362 $246 $14 $74 $850 $71
E350 4-Dr Sedan $272 $556 $250 $14 $74 $1,166 $97
E350 with 4-MATIC 4-Dr Sedan $244 $452 $186 $10 $56 $948 $79
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in your specific Evansville location which can lower or raise prices substantially.

Illustration showing the impact of accidents and violations

The illustration below demonstrates how citations and fender-benders can influence Mercedes-Benz E350 car insurance costs for different age groups. The prices are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied.

Price comparison of only insuring for liability

The example below shows the difference between Mercedes-Benz E350 insurance premiums with full coverage compared to only the Indiana minimum liability coverage. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, single female driver, and no discounts are taken into consideration.

When to buy liability coverage only

There is no specific rule of when to eliminate full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Mercedes-Benz E350 claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying the physical damage deductible. If you are currently paying more than $200 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Deductible analysis

When shopping for car insurance, a common question is the level to set your comp and collision deductibles. The rates shown below can help you visualize the premium difference between high and low physical damage coverage deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Mercedes-Benz E350 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $304 $748 $238 $14 $72 $1,401 $117
E350 4-Dr Sedan $334 $670 $186 $10 $56 $1,281 $107
E350 with 4-MATIC 4-Dr Sedan $334 $670 $186 $10 $56 $1,281 $107
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Mercedes-Benz E350 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
E350 2-Dr Coupe $222 $504 $238 $14 $72 $1,050 $88
E350 4-Dr Sedan $244 $452 $186 $10 $56 $948 $79
E350 with 4-MATIC 4-Dr Sedan $244 $452 $186 $10 $56 $948 $79
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Prices do not factor in specific location which can change rates significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $28 more each month or $336 each year than quoting 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 have at least 14 months between claim filings, you would probably save some money if you elect the higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $110
Average monthly premium for $500 deductibles (subtract): - $82
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

One important note is that increasing deductibles to save money means you will have to pay more of your own money at claim time. That will require some extra funds in the event you have to pay the higher deductible in order to repair your vehicle.

Insurance discounts are available to lower rates

Some insurance providers don't always advertise every policy discount in a way that's easy to find, so the following is a list of a few of the more well known as well as the least known discounts that you may qualify for.Discount insurance

Remember that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates it's possible to get free car insurance, that's just not realistic. But all discounts should help lower your policy premium.

A few popular companies and some of the discounts include:

Before buying, ask all the companies which discounts you qualify for. Some credits may not be available in every state.

Why Smart Buyers Pay Less for Mercedes-Benz E350 Insurance

Many different elements are part of the equation when you quote your car insurance policy. Some are obvious like an MVR report, although others are more transparent like your continuous coverage or your commute time.

Shown below are a partial list of the pieces used by insurance companies to determine prices.

Compare prices but still have a local Evansville insurance agent

Many people would prefer to get professional advice from a licensed agent and there is nothing wrong with that. One of the benefits of comparing rates online is you may find cheaper prices and still choose a local agent.

Evansville insurance agentsTo find an agent, once you fill out this short form, your insurance data is submitted to insurance agents in Evansville who can give free rate quotes for your auto insurance coverage. It simplifies rate comparisons since you won't have to contact any agents because prices are sent immediately to you. You'll get the best rates and a licensed agent to work with. If you need to get a comparison quote from a specific auto insurance provider, you would need to go to their quote page and fill out their quote form.

Picking the best company should depend on more than just a cheap quote. The answers to these questions are important, too.

When researching a local Evansville insurance agency, there are a couple of different types of agents and how they are distinctly different. Auto insurance agents are considered either independent agents or exclusive agents.

Exclusive Insurance Agents

Agents that elect to be exclusive generally can only insure with one company and some examples include Farmers Insurance and State Farm. These agents are not able to compare other company's rates so if the price isn't competitive there isn't much they can do. They are well trained on their company's products which helps overcome the inability to quote other rates.

The following are Evansville exclusive agencies that can give you price quote information.

5600 E Virginia St - Evansville, IN 47715 - (812) 962-5801 - View Map

421 N St Joseph Ave d - Evansville, IN 47712 - (812) 424-1708 - View Map

125 N Weinbach Ave #820a - Evansville, IN 47711 - (812) 401-4606 - View Map

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Independent Agencies or Brokers

Agents of this type can quote rates with many companies so as a result can place your coverage through lots of different companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can just switch to a different company and you stay with the same agent. When comparing rates, we recommend you get rate quotes from at least one independent agent to get the best comparison.

The following are independent agents in Evansville willing to provide price quotes.

3000 E Division St - Evansville, IN 47711 - (812) 424-5503 - View Map

1136 Washington Square - Evansville, IN 47715 - (812) 491-0995 - View Map

6240 E Virginia St b - Evansville, IN 47715 - (812) 479-3940 - View Map

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Shop smart and save

More affordable auto insurance in Evansville is attainable on the web in addition to many Evansville insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies do not offer rate quotes online and these smaller providers only sell through independent insurance agencies.

When getting Evansville car insurance quotes online, do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut uninsured motorist or liability limits to discover at claim time they didn't purchase enough coverage. Your objective should be to find the BEST coverage at a price you can afford, but do not skimp to save money.

Even more information is available by following these links: