Affordable Insurance for a Mercedes-Benz C350 in Newark

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.

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.

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.

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: 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: