A recent car insurance study discovered that nearly 70% of customers have been with the same company for over three years, and nearly 40% of drivers have never even compared quotes to find affordable rates. Most drivers in Aurora could save $600 a year by just shopping around, but they think it’s difficult to shop their coverage around.
If you want to save money, the best way to find low-cost car insurance rates is to make a habit of comparing prices annually from insurers in Aurora. Prices can be compared by completing these steps.
- Read and learn about auto insurance and the factors you can control to drop your rates. Many rating criteria that increase rates such as distracted driving and a not-so-good credit score can be rectified by improving your driving habits or financial responsibility.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO and Allstate, while independent agents can give you price quotes from multiple sources.
- Compare the quotes to your current policy and determine if there is any savings. If you find a better price and buy the policy, ensure coverage does not lapse between policies.
- Provide notification to your current agent or company to cancel your current policy. Submit any necessary down payment along with the completed application to the newly selected company. When you receive it, keep your new certificate verifying coverage along with the vehicle’s registration papers.
A tip to remember is to use the same physical damage deductibles and liability limits on every quote and and to get rate quotes from as many different insurance providers as possible. This enables an apples-to-apples comparison and plenty of rates choose from.
If you are already insured, you stand a good chance to be able to find better prices using these tips. Shopping for the best policy in Aurora is quite easy. But Colorado vehicle owners must learn how big insurance companies market insurance on the web and use it to find better rates.
The most recommended method to get rate comparisons for Mercedes-Benz E350 insurance in Aurora is to realize all the major auto insurance companies have advanced systems to compare rate quotes. To begin a comparison, all you need to do is provide a small amount of information including how your vehicles are used, distance driven, the type of vehicles you drive, and your job. The rating information is instantly submitted to multiple different insurance companies and you will get price comparisons instantly to find the best rate.
To compare lower-cost Mercedes-Benz E350 insurance rates now, click here and complete the form.
The auto insurance companies shown below are ready to provide comparison quotes in Aurora, CO. If you want the best auto insurance in Aurora, CO, we recommend you click on several of them to get a more complete price comparison.
Here’s why insurance is not optional
Even though it’s not necessarily cheap to insure a Mercedes-Benz in Aurora, insurance serves a purpose in several ways.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability coverage in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your E350 has a loan, it’s guaranteed your bank will require you to have physical damage coverage to protect their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Mercedes-Benz for a much higher rate and require you to fork over the higher premium.
- Insurance preserves not only your car but also your assets. It will also pay for most medical and hospital costs that are the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses in the event you are sued. If your car is damaged in a storm or accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your E350 definitely exceed the cost, particularly for liability claims. An average driver in America overpays more than $700 annually so smart consumers compare quotes at every renewal to save money.
Insurance coverage analysis
The price information shown next showcases a range of insurance rates for Mercedes-Benz E350 models. Learning a little about how insurance rates are figured can be useful when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $310 | $720 | $308 | $18 | $92 | $1,448 | $121 |
| E350 4-Dr Sedan | $342 | $646 | $238 | $14 | $72 | $1,312 | $109 |
| E350 with 4-MATIC 4-Dr Sedan | $342 | $646 | $238 | $14 | $72 | $1,312 | $109 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices significantly.
Physical damage deductibles
When shopping for auto insurance, a common question is where to set your physical damage deductibles. The comparison tables below show the rate differences between high and low physical damage coverage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $380 | $936 | $298 | $18 | $90 | $1,747 | $146 |
| E350 4-Dr Sedan | $420 | $838 | $232 | $14 | $70 | $1,599 | $133 |
| E350 with 4-MATIC 4-Dr Sedan | $420 | $838 | $232 | $14 | $70 | $1,599 | $133 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $278 | $632 | $298 | $18 | $90 | $1,316 | $110 |
| E350 4-Dr Sedan | $306 | $566 | $232 | $14 | $70 | $1,188 | $99 |
| E350 with 4-MATIC 4-Dr Sedan | $306 | $566 | $232 | $14 | $70 | $1,188 | $99 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can affect price quotes considerably.
Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $34 more each month or $408 a year across all Mercedes-Benz E350 models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 12 months between claims, you would more than likely save some money if you decide on a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $100 deductibles: | $137 |
| Average monthly premium for $500 deductibles (subtract): | – $103 |
| Monthly savings from raising deductible: | $34 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $34 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
The example below demonstrates how deductibles and can impact Mercedes-Benz E350 yearly insurance costs for different categories of driver ages. The costs are based on a single female driver, comp and collision included, and no discounts are factored in.
Cost difference between full coverage and liability
The illustration below shows the comparison of Mercedes-Benz E350 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The data assumes no claims or violations, $500 deductibles, single status, and no discounts are factored in.
Deciding between full coverage and liability only
There is no specific rule of when to drop full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Mercedes-Benz E350 claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying your policy deductible. If premium cost is more than $700 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some scenarios where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Cheaper Mercedes-Benz E350 insurance in Aurora
Some companies do not advertise the entire discount list very clearly, so here is a list a few of the more well known and also the lesser-known credits available to lower your premiums when you buy Aurora auto insurance online.
- Passenger Safety Discount – Factory air bags and/or automatic seat belt systems may get savings of 20% or more.
- Driving Data Discount – Policyholders that allow driving data submission to study driving habits by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if they exhibit good driving behavior.
- Defensive Driver Discounts – Successfully completing a course in safe driver could possibly earn you a 5% discount if your company offers it.
- Pay Early and Save – If you pay your bill all at once rather than spreading payments over time you may have a lower total premium amount.
- ABS Braking Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents so companies give up to a 10% discount.
- Discounts for Safe Drivers – Drivers without accidents can save up to 40% or more on their Aurora auto insurance quote than drivers with accidents.
- Federal Employees – Active or former government employment could cut as much as 10% off with some insurance companies.
- Senior Citizen Rates – Seniors may be able to get reduced rates.
One thing to note about discounts is that most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will positively reduce the amount you have to pay.
The chart below illustrates the comparison of Mercedes-Benz E350 yearly insurance costs with and without discounts applied to the rates. Data assumes a male driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.
Larger insurance companies and their offered discounts can be read below.
- State Farm offers premium reductions for anti-theft, multiple policy, passive restraint, driver’s education, Steer Clear safe driver discount, safe vehicle, and Drive Safe & Save.
- Farmers Insurance has savings for pay in full, alternative fuel, mature driver, distant student, electronic funds transfer, and homeowner.
- Progressive offers discounts including continuous coverage, good student, multi-vehicle, online quote discount, and online signing.
- GEICO offers discounts for multi-policy, multi-vehicle, military active duty, seat belt use, and driver training.
- Auto-Owners Insurance includes discounts for paperless, mature driver, anti-theft, anti-lock brakes, safe vehicle, group or association, and student away at school.
- The Hartford may offer discounts for good student, bundle, anti-theft, defensive driver, vehicle fuel type, and air bag.
- Farm Bureau may include discounts for safe driver, 55 and retired, driver training, multi-vehicle, renewal discount, youthful driver, and good student.
- USAA policyholders can earn discounts including multi-vehicle, defensive driver, family discount, annual mileage, safe driver, and new vehicle.
Before you buy a policy, ask each company to apply every possible discount. Savings may not be offered in your area. If you would like to see a list of insurers that have a full spectrum of discounts in Colorado, click here to view.
Compare rates but buy from a local Aurora insurance agency
Many drivers still like to get advice from a local agent and often times that is recommended One of the benefits of comparing rates online is the fact that you can find cheap auto insurance quotes but also keep your business local. Supporting local agents is important particularly in Aurora.
After filling out this simple form, your insurance coverage information gets sent to local insurance agents who can give free rate quotes to get your business. It simplifies rate comparisons since you won’t have to visit any agencies as quotes are delivered directly to you. You can find lower rates without requiring a lot of work. If for some reason you want to compare rates from a specific company, don’t hesitate to find their quoting web page and fill out their quote form.
If you want a good Aurora insurance agent, there are two different types of agents and how they operate. Auto insurance agencies can be classified as either exclusive or independent (non-exclusive).
Independent Agents
Independent insurance agents are not locked into one company so they can write business with many different companies and potentially find a lower price. If they find a cheaper price, your agent can switch companies and you won’t have to switch agencies.
If you need cheaper auto insurance rates, it’s a good idea to include price quotes from at least one independent agent in order to compare the most rates. Many write coverage with less well-known companies which may provide better rates.
The following are Aurora independent insurance agencies who may be able to give you free auto insurance quotes.
- Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220 – View Map - A Complete Home and Auto Insurance Agency
1080 S Sable Blvd – Aurora, CO 80012 – (303) 344-2886 – View Map - All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000 – View Map
Exclusive Auto Insurance Agencies
Agents that elect to be exclusive can only write with one company such as American Family, State Farm, and AAA. These agents are not able to provide other company’s prices so they have to upsell other benefits. Exclusive agencies are trained well on their products and sales techniques and that can be a competitive advantage. Some people will only buy insurance from these agents mainly due to high brand loyalty and solid financial strength.
Shown below are exclusive insurance agents in Aurora that can give you price quote information.
- Allstate Insurance: Mario J Morales
14241 E 4th Ave #305 – Aurora, CO 80011 – (303) 366-6800 – View Map - Bob Massie – State Farm Insurance Agent
15290 E 6th Ave #220 – Aurora, CO 80011 – (303) 364-8298 – View Map - Allstate Insurance: Larry Meurisse
1710 S Buckley Rd Unit 6 – Aurora, CO 80017 – (303) 752-1441 – View Map
Finding the right auto insurance agent should depend on more than just the premium amount. These are some questions your agent should answer.
- Do they specialize in personal lines auto insurance in Aurora?
- Do you need full coverage on every vehicle?
- Do they offer accident forgiveness?
- Can they help ensure a fair claim settlement?
- How long have they been in business?
Upon receiving answers to your satisfaction to all your questions as well as a price you’re happy with, you have narrowed it down to an insurance agent that is reliable enough to adequately provide auto insurance. Just understand that you can cancel a policy when you choose so never assume you are locked into any specific company for any length of time.
Tailor your insurance coverage to you
When quoting and comparing your policy for your vehicles, there really isn’t a perfect coverage plan. Every insured’s situation is different so your insurance should reflect that
For instance, these questions could help you determine whether or not you would benefit from professional advice.
- Is my state a no-fault state?
- Can I get by with minimal medical coverage if I have good health insurance?
- Will damage be repaired with OEM parts?
- Is pet coverage available?
- What if an uninsured driver hits me?
- What are the best liability limits?
- I don’t drive much so do I pay less?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Shop around and save
Cheaper auto insurance in Aurora can be purchased on the web in addition to many Aurora insurance agents, so you need to quote Aurora auto insurance with both to have the best rate selection. Some auto insurance companies may not have the ability to get quotes online and these small insurance companies sell through independent agents.
When searching for inexpensive Aurora auto insurance quotes, it’s a bad idea to reduce needed coverages to save money. In many instances, someone dropped collision coverage only to discover later that the savings was not a smart move. Your goal is to find the BEST coverage at the best price while not skimping on critical coverages.
Additional detailed information can be read in the articles below:
- Five Mistakes to Avoid (Insurance Information Institute)
- Who Has Cheap Car Insurance for a Nissan Sentra in Aurora? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Bad Credit in Aurora? (FAQ)
- How Much are Auto Insurance Quotes for 17 Year Olds in Aurora? (FAQ)
- Who Has Cheap Auto Insurance for State Employees in Aurora? (FAQ)
- How Much are Car Insurance Rates with Multiple Speeding Tickets in Aurora? (FAQ)
- Teen Driving Statistics (iihs.org)
- Parking Tips to Reduce Door Dings (State Farm)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Teen Driving and Texting (State Farm)