Cheapest Insurance for a Mercedes-Benz C350 in Lubbock

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Insurance rates Mercedes-Benz C350 in LubbockTrying to find better insurance prices for a new or used Mercedes-Benz C350 in Texas can be difficult, but you can learn the following methods to make it easier. There are more efficient ways to find insurance online and you need to know the absolute fastest way to get price quotes on a Mercedes-Benz and locate the cheapest rates from both online companies and Lubbock agents.

It's well known that car insurance companies don't want you quoting rates from other companies. Insureds who get comparison quotes once a year will most likely move their business because they have a good chance of finding a more affordable policy. A recent insurance study revealed that people who did price comparisons regularly saved $72 a month compared to other drivers who never shopped for cheaper rates.

If finding the most affordable insurance is your ultimate target, then having some knowledge of the best way to quote and compare auto insurance can help you succeed in finding affordable rates.

If you have a policy now or are just looking to switch companies, use these cost-cutting techniques to find the best rates while maintaining coverages. Quoting and buying the best-priced protection in Lubbock can be fairly easy. Smart buyers just have to know the most efficient way to buy auto insurance from many companies at once.

Cutting your auto insurance rates can be quick and easy. The only thing you need to do is spend a few minutes comparing price quotes to discover which company has inexpensive Lubbock car insurance quotes.

The car insurance companies shown below have been selected to offer free quotes in Lubbock, TX. To locate cheaper auto insurance in Lubbock, it's a good idea that you visit as many as you can in order to find the cheapest rates.

Auto insurance in Texas serves several purposes

Even though it can be expensive, auto insurance is not optional due to several reasons.

  • The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Mercedes-Benz, it's guaranteed your bank will make it mandatory that you have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Mercedes-Benz at a more expensive rate and make you pay the higher premium.
  • Auto insurance preserves your vehicle and your assets. It also can pay for medical bills that are the result of an accident. Liability insurance also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If you have damage to your Mercedes-Benz as the result of the weather or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of carrying adequate insurance are without a doubt worth the cost, especially with large liability claims. The average driver in Texas is overpaying over $700 annually so compare rates once a year at a minimum to ensure rates are competitive.

Rates and statistics

The table displayed below showcases detailed analysis of insurance premium costs for Mercedes-Benz C350 models. Having a good understanding how car insurance premiums are calculated helps drivers make decisions on which coverage to buy.

Mercedes-Benz C350 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $422 $672 $500 $30 $150 $1,774 $148
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in vehicle location which can raise or lower coverage rates greatly.

Analysis of deductible levels

A question often asked by Lubbock drivers is how high or low should comp and collision deductibles be. The rates below determine how much more you'll pay between low and high coverage deductibles. The first data set uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Mercedes-Benz C350 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $412 $804 $382 $22 $114 $1,759 $147
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Mercedes-Benz C350 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $228 $424 $382 $22 $114 $1,170 $98
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Estimates do not factor in vehicle garaging location which can modify price quotes considerably.

Using the data above, we can ascertain that using a $100 deductible costs roughly $49 more each month or $588 annually than buying the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 18 months between claims, you would probably come out ahead by selecting a higher deductible.

The diagram below demonstrates how deductible levels and can change Mercedes-Benz C350 premium costs for different age groups. The data assumes a married female driver, comp and collision included, and no additional discounts are factored in.

Premiums by gender and age

The information below illustrates the comparison of Mercedes-Benz C350 insurance costs for male and female drivers. The costs are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.

Should you buy full coverage?

The illustration below compares Mercedes-Benz C350 premium costs with full coverage and liability only. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.

When to stop paying for full coverage

There is no definitive formula of when to phase out physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's say your Mercedes-Benz C350 settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after the deductible is paid. If it's costing in excess of $200 annually to have full coverage, then it's probably a good time to buy liability coverage only.

There are some cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage.

These discounts can lower your insurance rates

Some insurers don't always advertise their entire list of discounts very clearly, so the list below contains a few of the more well known as well as some of the hidden discounts that you may qualify for.Save money with discounts

  • Good Students Pay Less - Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you up to age 25.
  • Driver Education Discount - It's a good idea to have your young drivers complete a driver education course as it will make them better drivers and lower rates.
  • Accident-Free Discounts - Good drivers with no accidents have much lower rates as compared to drivers with a long claim history.
  • Low Mileage Discounts - Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Defensive Driving Course - Taking part in a defensive driver course could possibly earn you a 5% discount if your company offers it.
  • Accident Forgiveness Coverage - This isn't a discount exactly, but companies like GEICO, State Farm, and Progressive will allow you to have one accident without raising rates so long as you haven't had any claims for a specific time period.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So even though it sounds like you could get a free insurance policy, it's just not the way it works.

The chart below compares Mercedes-Benz C350 insurance premiums with and without discounts being applied to the rates. The costs are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, claim-free, homeowner, safe-driver, and multi-car discounts applied.

A list of insurance companies and the discounts they provide are outlined below.

  • State Farm may offer discounts for Steer Clear safe driver discount, driver's education, anti-theft, defensive driving training, good student, accident-free, and student away at school.
  • American Family includes discounts for defensive driver, Steer into Savings, air bags, good student, and early bird.
  • GEICO offers discounts for membership and employees, emergency military deployment, good student, five-year accident-free, air bags, and multi-vehicle.
  • 21st Century discounts include automatic seat belts, driver training, theft prevention, defensive driver, homeowners, and 55 and older.
  • Progressive offers premium reductions for online signing, online quote discount, continuous coverage, good student, and multi-policy.

When getting a coverage quote, ask every insurance company what discounts are available to you. Savings may not apply everywhere.

Insurance quotes from local Lubbock insurance agencies

Some consumers would prefer to sit down and talk to an agent and often times that is recommended Licensed agents can point out coverage gaps and help you file claims. The biggest benefit of comparing rate quotes online is that you can obtain lower premium rates and still choose a local agent.

Lubbock insurance agentsUpon completion of this simple form, your insurance coverage information is sent to local insurance agents who will gladly provide quotes for your coverage. It's much easier because you don't need to find an agent because prices are sent directly to your email. If you have a need to get a comparison quote for a specific company, you would need to visit that company's website and fill out the quote form the provide.

Selecting an insurer is decision based upon more than just a low price. These questions are important to ask:

  • Does the agency provide any after hours assistance?
  • Will they take your side in the event of a claim?
  • Which companies can they place coverage with?
  • Is auto insurance their primary focus in Lubbock?
  • Is insurance their full-time profession?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Does the agent have professional designations like CIC, CPCU or AIC?

When researching a local agent, there are a couple of different types of agents that you can choose from. Insurance agents in Lubbock can be classified as either independent agents or exclusive agents. Either can handle insurance, but it's worth learning how they differ because it may have an impact on your selection of an agent.

Exclusive Insurance Agents

Agents that choose to be exclusive can only quote rates from one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They are unable to provide prices from multiple companies so always compare other rates. They receive a lot of sales training on their company's products and that enables them to sell even at higher rates. A lot of people purchase coverage from exclusives primarily because of the prominent brand name rather than low rates.

Below is a list of exclusive agents in Lubbock who can help you get price quote information.

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Independent Insurance Agents

Agents of this type are not employed by one company so they can quote policies amongst many companies and get the cheapest rates. If they quote lower rates, they simply move your policy to a different company and the insured can keep the same agent. If you are trying to find cheaper rates, you should always get some free quotes from a couple of independent agencies to get the most accurate price comparison. They often place coverage with companies you've never heard of that may provide cheaper insurance rates.

The following are independent insurance agents in Lubbock willing to provide rate quotes.

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Don't assume everyone needs the same auto insurance coverage

Keep in mind that when it comes to choosing coverage online or from an agent, there really isn't a "perfect" insurance plan. Your needs are not the same as everyone else's.Drive safe and save

For instance, these questions might help in determining if your situation might need an agent's assistance.

  • Why am I required to buy liability insurance?
  • Can my teen drive my company car?
  • How much liability insurance is required?
  • What is motorclub and do I need it?
  • What is UM/UIM insurance?
  • Do they offer discounts for home and auto coverage?
  • Am I covered if I wreck a rental car?
  • What is high-risk coverage and where do I buy it?
  • How much liability do I need to cover my assets?

If you don't know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you don't have a local agent, take a second and complete this form. It is quick, free and may give you better protection.

One last note

We've covered many ideas to get a better price on Mercedes-Benz C350 insurance in Lubbock. The most important thing to understand is the more companies you get rates for, the higher your chance of finding cheaper Lubbock car insurance quotes. Consumers could even find that the lowest prices come from an unexpected company.

Budget-conscious Mercedes-Benz C350 insurance can be found online as well as from independent agents in Lubbock, and you should be comparing both in order to have the best chance of saving money. Some insurance companies may not provide price quotes online and many times these small insurance companies prefer to sell through independent insurance agents.

People change insurance companies for many reasons like questionable increases in premium, an unsatisfactory settlement offer, denial of a claim or even unfair underwriting practices. No matter why you want to switch, finding a great new company can be less work than you think.

Steps to finding the cheapest rates for Mercedes-Benz C350 insurance in Lubbock

If you want to find the absolute lowest rates, then the best way to quote cheaper Mercedes-Benz C350 insurance in Lubbock is to do a yearly price comparison from insurers who sell auto insurance in Texas.

  • First, read about auto insurance and the measures you can take to keep rates in check. Many rating factors that cause high rates such as speeding and poor credit history can be rectified by making minor changes in your lifestyle.
  • Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO and Allstate, while independent agents can quote prices for a wide range of companies.
  • Third, compare the new rate quotes to your existing rates to determine if you can save on C350 insurance in Lubbock. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Fourth, provide proper notification to your current company to cancel the current policy. Submit a down payment and signed policy application to the new company. Don't forget to place your new certificate verifying coverage with your vehicle's registration.

One important bit of advice is to make sure you're comparing the same level of coverage on each price quote and and to get quotes from every company you can. This ensures the most accurate price comparison and the best rate selection.

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