Affordable Insurance for a Mercedes-Benz C350 in Newark

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Insurance quote for Mercedes-Benz C350 in NewarkWould you like to save money by finding lower-priced car insurance rates in Newark, NJ? Newark buyers have lots of choices when searching for the lowest priced Mercedes-Benz C350 insurance. You can either waste hours calling around to compare prices or save time using the internet to make rate comparisons. There is a better way to buy car insurance so we're going to tell you the proper way to compare rates for a new or used Mercedes-Benz and locate the cheapest rates from Newark insurance agents and online providers.

Smart consumers take time to compare premium rates at least once a year since prices are constantly changing. Despite the fact that you may have had the lowest rate on Mercedes-Benz C350 insurance in Newark two years ago other companies may now be cheaper. There is lot of inaccurate information about C350 insurance on the web, but by reading this article, you're going to learn some tested techniques to put money back in your pocket.

The providers in the list below have been selected to offer free rate quotes in New Jersey. If you want to find cheap auto insurance in Newark, we suggest you compare several of them to get the most competitive price.

Rates and statistics

The premium table shown next outlines different insurance premium costs for Mercedes-Benz C350 models. Being more informed about how insurance policy premiums are calculated helps drivers make smart choices when choosing a car insurance company.

Mercedes-Benz C350 Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $406 $862 $462 $28 $138 $1,896 $158
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in specific Newark garaging location which can lower or raise coverage rates greatly.

Deductible analysis

One of the more difficult decisions when buying auto insurance is which deductible level should you buy. The following tables show the difference in cost when you choose different deductibles. The first table uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Mercedes-Benz C350 insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $466 $848 $480 $28 $144 $1,991 $166
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Mercedes-Benz C350 insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $288 $534 $480 $28 $144 $1,474 $123
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in zip code location which can influence price quotes considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $43 more each month or $516 annually than requesting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 17 months between claims, you would probably save some money if you decide on a higher deductible.

Impact of age and gender on auto insurance rates

The illustration below shows the difference between Mercedes-Benz C350 premium costs for male and female drivers. The premiums assume a clean driving record, no claims, full physical damage coverage, $250 deductibles, marital status is single, and no policy discounts are applied.

Full coverage versus liability only rates

The example below compares Mercedes-Benz C350 insurance rates with full coverage compared to only the New Jersey minimum liability coverage. The costs are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no definitive formula of when to exclude physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let's say your Mercedes-Benz C350 book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after you pay the deductible. If you are currently paying more than $300 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few situations where removing full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Choosing Mercedes-Benz C350 insurance is an important decision

Despite the high insurance cost for a Mercedes-Benz C350 in Newark, paying for auto insurance serves an important purpose.

  • Just about all states have compulsory liability insurance requirements which means the state requires a specific level of liability coverage in order to license the vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you have a lien on your Mercedes-Benz C350, it's guaranteed your bank will stipulate that you buy full coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the bank may buy a policy for your Mercedes-Benz at a much higher rate and require you to fork over for the expensive policy.
  • Auto insurance preserves both your Mercedes-Benz C350 and your assets. It will also cover medical expenses incurred in an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of having auto insurance are definitely more than the cost, especially with large liability claims. Today the average American driver overpays as much as $800 each year so it's important to compare rates at least once a year to save money.

Why Informed Consumers Pay Less for Mercedes-Benz C350 Insurance

Many factors are part of the equation when you get a price on insurance. Some are pretty understandable like an MVR report, although others are more obscure such as whether you are married and annual miles driven. The best way to find cheaper auto insurance is to take a look at some of the factors that come into play when calculating auto insurance rates. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get cheaper rates.

  • Discounts for married couples - Your spouse can get you a discount on your auto insurance bill. It usually means you are more mature than a single person and it's proven that married drivers tend to file fewer claims.
  • Avoid traffic tickets - Good drivers pay less for auto insurance than bad drivers. Having just one moving violation can bump up the cost by as much as thirty percent. Drivers who have multiple violations like DUI, reckless driving or excessive speeding may find they need to complete a SR-22 with their state in order to prevent a license revocation.

    The illustration below illustrates how violations and at-fault accidents influence Mercedes-Benz C350 insurance costs for different age categories. The data is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

  • Insurance is expensive for teenage drivers - Young drivers in New Jersey are statistically proven to be easily distracted with other occupants in the car and because of this, their auto insurance rates are much higher. If you've ever had to add a first-time driver onto your auto insurance will cause a huge premium hike. More mature drivers are viewed as being more responsible, statistically cause fewer accidents, and usually have better credit.

    The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Less chance of injury means lower rates - Vehicles with high crash test scores cost less to insure. Safe vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates directly to fewer claims which can result in lower premiums. If your Mercedes-Benz C350 has ratings of a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Lower rates with a multi-policy discount - The majority of companies apply lower prices to people who carry more than one policy such as combining an auto and homeowners policy. Discounts can be ten or even fifteen percent. Even though this discount sounds good, you may still want to shop around to confirm you are receiving the best rates possible.
  • Continuous auto insurance coverage lowers auto insurance rates - Driving any period of time without insurance can get you a ticket and companies may charge more for letting your insurance expire. In addition to paying higher premiums, the inability to provide proof of insurance can result in fines and jail time. You may have to prove you have insurance by filing a SR-22 with the New Jersey motor vehicle department to get your license reinstated.
  • Premiums impacted by your city - Living in areas with lower population may provide you with better prices when it comes to auto insurance. Fewer drivers on the road means fewer accidents in addition to lower liability claims. People who live in big cities have to deal with more traffic problems and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.
  • Stay claim-free and lower rates - If you tend to file frequent claims, you shouldn't be surprised to get higher premiums or even policy non-renewal. Insurance companies in New Jersey award discounts to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.

How to know if you need help

When buying your policy for your personal vehicles, there really is no perfect coverage plan. Every situation is different.Higher deductibles save money

Here are some questions about coverages that may help highlight if you would benefit from an agent's advice.

  • Is extra glass coverage worth it?
  • Is my Mercedes-Benz C350 covered if I use it for business?
  • Can my babysitter drive my car?
  • What policy terms are available?
  • Should I buy only the required New Jersey minimum liability coverage?
  • Am I covered if I hit someone who is not insured?
  • Is my babysitter covered when using my vehicle?

If you're not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and may give you better protection.

Best car insurance company in New Jersey

Buying coverage from a good quality car insurance company is difficult considering how many companies sell coverage in New Jersey. The company rank data below can help you choose which car insurance providers to look at when shopping your coverage around.

Best Car Insurance Companies in New Jersey
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

One last note

We covered many ideas to lower your Mercedes-Benz C350 insurance prices in Newark. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may even discover the lowest priced auto insurance comes from some of the smallest insurance companies.

There are still a few companies who do not offer online rate quotes and most of the time these small, regional companies only sell coverage through independent agents. Cheap Mercedes-Benz C350 insurance in Newark can be purchased from both online companies and with local Newark insurance agents, and you should be comparing both to get a complete price analysis.

When shopping online for auto insurance, it's a bad idea to buy poor coverage just to save money. In many cases, someone sacrificed physical damage coverage and learned later they didn't purchase enough coverage. Your objective should be to purchase a proper amount of coverage for the lowest cost.

Steps to finding affordable Mercedes-Benz C350 insurance in Newark

It takes a little time, but the best way to get more affordable Mercedes-Benz C350 insurance in Newark is to compare quotes once a year from different companies who sell insurance in New Jersey. Price quotes can be compared by completing these steps.

First, read and learn about how insurance companies determine prices and the factors you can control to lower rates. Many things that are responsible for high rates like high-risk driving behaviors and a substandard credit history can be remedied by making minor changes in your lifestyle.

Second, quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes from many different companies.

Third, compare the new rate quotes to your existing policy to see if cheaper C350 coverage is available. If you can save some money and decide to switch, make sure coverage does not lapse between policies.

An important part of this process is that you'll want to make sure you compare similar coverage information on each quote request and and to get quotes from as many car insurance companies as possible. This guarantees a fair rate comparison and a thorough price selection.

Additional auto insurance information can be found on the following sites: