Mercedes-Benz C350 Insurance Rates in Honolulu

Insurance rates Mercedes-Benz C350 in HonoluluUnimaginable but true, the vast majority of drivers kept their policy with the same company for four years or more, and about 40% of consumers have never quoted rates to find cheap coverage. Most drivers in Hawaii can save nearly 40% each year just by getting comparison quotes, but most just don’t grasp the amount of savings they would get if they switch to a new company.

If your goal is the lowest price, then the best way to find lower priced Mercedes-Benz C350 insurance in Honolulu is to compare prices at least once a year from providers who sell auto insurance in Hawaii. This can be done by completing these steps.

First, read about the different coverages in a policy and the modifications you can make to prevent expensive coverage. Many factors that result in higher rates like careless driving and poor credit history can be amended by making minor changes in your lifestyle. Later in this article we will cover more ideas to help keep rates affordable and find missing discounts.

Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can quote prices for many different companies.

Third, compare the price quotes to your current policy premium to see if cheaper C350 coverage is available in Honolulu. If you can save money, ensure coverage does not lapse between policies.

Fourth, give proper notification to your current agent or company to cancel your existing policy and submit a signed application and payment to your new carrier. As soon as you can, put the proof of insurance certificate in your vehicle.

The most important part of shopping around is that you’ll want to make sure you compare similar coverage information on each price quote and and to look at as many different companies as possible. Doing this provides an accurate price comparison and a thorough price selection.

Locating the most cost-effective insurance policy in Honolulu can really be easy if you know what you’re doing. If you are already insured, you stand a good chance to be able to lower your rates using these tips. But Hawaii drivers must know how companies price insurance differently because it can help you find the best coverage.

Get cheaper Mercedes-Benz C350 insurance in Honolulu with discounts

Insuring your fleet can be pricey, but there are discounts available that many people don’t even know exist. Most are applied at the time you complete a quote, but less common discounts must be specially asked for before you will receive the discount. If you do not check that you are getting every discount possible, you are throwing money away.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. A few only apply to individual premiums such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, that’s just not realistic.

The example below visualizes the comparison of Mercedes-Benz C350 insurance premiums with and without discounts applied to the premium. The rates are based on a female driver, no violations or accidents, Hawaii state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, claim-free, marriage, and multi-car discounts applied.

A few companies that may offer quotes with these discounts possibly include:

When comparing rates, check with each company which credits you are entitled to. Some credits might not apply in Honolulu.

All major insurance companies like State Farm, Allstate and GEICO allow consumers to get prices on the web. Doing online price comparisons for Mercedes-Benz C350 insurance in Honolulu is pretty easy because you just enter the coverage amounts you desire into a form. Behind the scenes, their quoting system orders reports for credit and driving violations and returns a price quote based on the information you submitted.

This simplifies rate comparisons, and it’s necessary to get many rate quotes in order to find the most affordable premium.

If you want to fill out one form to compare multiple rates now, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you duplicate coverages and limits exactly as shown on your declarations page. This guarantees you will be getting rate quotes based on the exact same insurance coverage.

The companies shown below are ready to provide free rate quotes in Honolulu, HI. If multiple providers are shown, it’s highly recommended you visit two to three different companies to find the cheapest car insurance rates.

Insurance statistics for a Mercedes-Benz C350

The rate table displayed next covers detailed analysis of prices for Mercedes-Benz C350 models. Being aware of how auto insurance policy rates are figured is important for drivers to make informed decisions.

Mercedes-Benz C350 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $280 $642 $320 $18 $96 $1,356 $113
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in zip code location which can impact rates considerably.

Analysis of deductible levels

When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The data tables below highlight the difference in cost when you choose different insurance deductibles. The first rate table uses a $100 deductible and the second set of rates uses a $1,000 deductible.

Mercedes-Benz C350 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $286 $558 $264 $16 $80 $1,229 $102
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Mercedes-Benz C350 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
C350 W 4-Dr Sedan $158 $294 $264 $16 $80 $812 $68
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in zip code location which can impact rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $34 more each month or $408 each year averaged for all C350 models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 26 months between claims, you would probably come out ahead if you opt for a higher deductible. Here’s how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): – $68
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One big caveat is that a higher deductible means you will have to cover more of the damage yourself at claim time. You need to make sure you have some savings in the event you have to pay more for the deductible.

Comparison of full coverage and liability-only policies

The diagram below illustrates the comparison of Mercedes-Benz C350 car insurance rates when comparing full coverage to liability only. The data is based on no claims or violations, $250 deductibles, single marital status, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no definitive rule to exclude full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Mercedes-Benz C350 book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

What Affects Mercedes-Benz C350 Insurance Costs?

Multiple criteria are used when quoting car insurance. Most are fairly basic like a motor vehicle report, but others are not as apparent like your vehicle usage or your vehicle rating. One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that are used to determine the rates you pay for car insurance. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that can help you get lower car insurance prices.

Tailor your car insurance coverage to you

Keep in mind that when it comes to choosing proper insurance coverage, there is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that For instance, these questions might point out whether or not you might need professional guidance.

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Compare rates but buy from a local Honolulu insurance agent

Many drivers prefer to get professional advice from a licensed agent. One of the great benefits of comparing rates online is that you can find cheap car insurance quotes and still have an agent to talk to.

After filling out this form (opens in new window), your information is immediately sent to local insurance agents in Honolulu who will return price quotes for your coverage. You won’t even need to contact any insurance agencies since price quotes are sent to your email. Get lower rates AND an agent nearby. If you wish to compare rates from a specific insurance company, you just need to go to their quote page and fill out their quote form.

Finding a good insurance company requires more thought than just a cheap price quote. Agents should be asked these questions:

If you would like to find a good Honolulu insurance agent, it’s important to understand the different types of agencies and how they differ in how they quote coverages. Insurance agencies in Honolulu are either exclusive or independent (non-exclusive).

Exclusive Insurance Agents

Agents that elect to be exclusive can only quote rates from one company such as Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually quite knowledgeable in insurance sales which can be an advantage. Consumers frequently purchase coverage from exclusives primarily because of the brand and strong financial ratings.

Listed below are Honolulu exclusive agents willing to provide price quote information.

More Honolulu agents

Independent Agencies or Brokers

Agents of this type often have many company appointments and that is an advantage because they can write policies with a variety of different insurance companies and get the cheapest rates. If premiums increase, they simply move the coverage in-house and you don’t have to switch agencies. When comparison shopping, you will definitely want to include price quotes from a few independent agents to get the most accurate price comparison. Many independent agencies also insure through mutual insurance companies that can offer cheaper rates than bigger companies.

Shown below are Honolulu independent insurance agencies who can help you get comparison quotes.

More Honolulu agents

After receiving positive feedback as well as a affordable price, it’s a good possibility that you have found a car insurance agent that meets the requirements to properly insure your vehicles.

Protect more than your Mercedes-Benz vehicle

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

First, most states have minimum liability requirements which means state laws require specific limits of liability protection in order to drive the car legally. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your car with a loan, most banks will make it a condition of the loan that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank will be required to insure your Mercedes-Benz at a much higher premium rate and require you to reimburse them for the expensive policy.

Third, insurance safeguards both your car and your personal assets. It will also reimburse you for hospital and medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If your Mercedes-Benz gets damaged, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car greatly outweigh the cost, especially with large liability claims. On average, a vehicle owner in Honolulu overpays more than $855 a year so it’s recommended you shop around once a year at a minimum to make sure the price is not too high.

Persistent drivers can save

You just learned a lot of tips how to save on Mercedes-Benz C350 insurance in Honolulu. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the most savings is with some of the lesser-known companies. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

Cheap Mercedes-Benz C350 insurance in Honolulu is possible online and from local insurance agents, and you need to comparison shop both to have the best selection. There are still a few companies who may not have rate quotes online and many times these smaller providers sell through independent agents.

Additional detailed information is located at these sites: