Unbelievable but true according to a study over 70% of consumers have purchased from the same company for four years or more, and almost half have never shopped around. Consumers in Alaska could save approximately 35% each year by just comparing quotes, but they underestimate the amount of money they would save if they moved their coverage to a different company.
It takes a little time, but the best way to save on car insurance rates is to make a habit of regularly comparing prices from insurers in Anchorage.
- Get a basic knowledge of how insurance works and the changes you can make to prevent rate increases. Many policy risk factors that result in higher prices such as multiple speeding tickets and a low credit rating can be controlled by making minor changes to your lifestyle. This article gives ideas to help keep prices low and find overlooked discounts.
- Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from many different companies. View a list of agents
- Compare the new rates to the price on your current policy to see if you can save by switching companies. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
- Tell your current agent or company to cancel your current car insurance policy. Submit a down payment along with a signed application for the new coverage. Once coverage is bound, safely store the proof of insurance certificate with the vehicle registration.
An important note is to make sure you enter identical limits and deductibles on each price quote and and to get rates from as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and the best price selection.
Auto insurance providers offering competitive price quotes in Alaska
The auto insurance companies shown below can provide price quotes in Anchorage, AK. To buy cheaper car insurance in Anchorage, we suggest you visit several of them to get the best price comparison.
Mercedes-Benz E350 insurance charts and tables
The rate table displayed below showcases different rate quotes for Mercedes-Benz E350 models. Knowing how car insurance prices are established can help customers make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $260 | $698 | $280 | $16 | $84 | $1,338 | $112 |
| E350 4-Dr Sedan | $286 | $626 | $218 | $12 | $66 | $1,208 | $101 |
| E350 with 4-MATIC 4-Dr Sedan | $286 | $626 | $218 | $12 | $66 | $1,208 | $101 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Information does not factor in specific location which can increase or decrease price quotes noticeably.
Rate comparison for different deductibles
When shopping for car insurance, a common question is how high or low should comp and collision deductibles be. The rates below sum up the price difference when you buy lower versus higher policy deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $294 | $724 | $232 | $14 | $70 | $1,359 | $113 |
| E350 4-Dr Sedan | $324 | $648 | $180 | $10 | $54 | $1,241 | $103 |
| E350 with 4-MATIC 4-Dr Sedan | $324 | $648 | $180 | $10 | $54 | $1,241 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| E350 2-Dr Coupe | $164 | $382 | $232 | $14 | $70 | $862 | $72 |
| E350 4-Dr Sedan | $180 | $342 | $180 | $10 | $54 | $766 | $64 |
| E350 with 4-MATIC 4-Dr Sedan | $180 | $342 | $180 | $10 | $54 | $766 | $64 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in specific zip code location which can revise auto insurance rates noticeably.
We can derive from the above data that using a $100 deductible costs roughly $39 more each month or $468 annually than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 23 months between claims, you would save more money if you decide on a higher deductible.
The illustration below illustrates how choosing a deductible and can raise or lower Mercedes-Benz E350 yearly insurance costs for different age groups of insureds. The rates are based on a single male driver, comp and collision included, and no discounts are applied.
Full coverage or liability only
The chart below shows the difference between Mercedes-Benz E350 insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.
When to buy liability coverage only
There isn’t a written rule to drop full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your Mercedes-Benz E350 claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the deductible is paid. If premium cost is more than $500 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some scenarios where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Mercedes-Benz E350 insurance discounts in Anchorage
Some providers do not list every discount they offer very clearly, so here is a list some of the more common and the harder-to-find credits available to bring down your rates. If you do not double check each discount available, you may be paying too high a price.
- Discounts for Cautious Drivers – Drivers without accidents can save as much as half off their rates than less cautious drivers.
- Discount for Good Grades – Being a good student can earn a discount of 20% or more. The good student discount can last well after school through age 25.
- Low Mileage Discounts – Driving less can earn discounted prices on garaged vehicles.
- Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you can avoid the installment charge.
- Safety Course Discount – Taking a class that teaches driver safety techniques is a good idea and can lower rates and easily pay for the cost of the class.
- Save over 55 – Seniors can get reduced rates.
- Government Employees – Active or retired federal employment could qualify for a slight premium decrease but check with your company.
Just know that many deductions do not apply to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, it’s just not the way it works. But all discounts will bring down your policy premium.
The information below compares Mercedes-Benz E350 car insurance rates with and without discounts applied. The prices are based on a female driver, no claims or driving violations, Alaska 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 multi-policy, multi-car, safe-driver, claim-free, marriage, and homeowner discounts applied.
A list of auto insurance companies and some of the premium reductions they offer include:
- State Farm may offer discounts for multiple policy, driver’s education, good driver, student away at school, and anti-theft.
- GEICO offers discounts including air bags, multi-vehicle, anti-theft, membership and employees, multi-policy, and anti-lock brakes.
- Liberty Mutual offers discounts for newly retired, teen driver discount, exclusive group savings, hybrid vehicle, multi-car, and newly married.
- The Hartford offers premium reductions for anti-theft, bundle, vehicle fuel type, driver training, air bag, good student, and defensive driver.
- MetLife may include discounts for accident-free, claim-free, defensive driver, multi-policy, and good driver.
- Progressive discounts include multi-vehicle, homeowner, online quote discount, continuous coverage, online signing, good student, and multi-policy.
When quoting, ask all companies you are considering which discounts you qualify for. Depending on the company, some discounts may not apply in Anchorage.
Insurance agent or online?
Some consumers would prefer to get advice from a local agent and doing that can be a smart decision Professional agents will help you protect your assets and help in the event of a claim. One of the benefits of comparing rate quotes online is that drivers can save money and get cheaper car insurance rates and still choose a local agent.
To make it easy to find an agent, after completing this quick form, the quote information is transmitted to local insurance agents that can give you free Anchorage car insurance quotes for your coverage. It’s much easier because you don’t need to contact an agency due to the fact that quote results will go straight to your inbox. If you want to compare rates from one company in particular, you would need to navigate to their website and fill out their quote form.
Finding the right insurance company is decision based upon more than just a cheap quote. Any agent in Anchorage should be forthright in answering these questions:
- Do they receive special compensation for putting your coverage with one company over another?
- Are they primarily personal or commercial lines agents in Anchorage?
- Which company do they place the most coverage with?
- How many companies do they write for?
- Can you choose the body shop in case repairs are needed?
- How much experience to they have in personal lines coverages?
- Which members of your family are coverage by the policy?
Types of auto insurance agents
If you want to buy insurance from a local agent, it’s helpful to know the different agency structures that you can choose from. Insurance agencies are categorized either independent agents or exclusive agents. Either type can properly insure your vehicles, but it’s a good idea to understand how they are different because it can influence the type of agent you choose.
Exclusive Insurance Agencies
Exclusive agencies are contracted to one company such as Farmers Insurance and State Farm. They are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are usually quite knowledgeable on the products they sell and that enables them to sell even at higher rates.
Below is a list of exclusive insurance agencies in Anchorage who may provide you with comparison quotes.
Allstate Insurance: William R. McVitty
550 E Tudor Rd Ste 201 – Anchorage, AK 99503 – (907) 563-9690 – View Map
State Farm Insurance Companies Agent
3900 Arctic Blvd #102 – Anchorage, AK 99503 – (907) 563-3188 – View Map
Curt Green, Jr. – State Farm Insurance Agent
836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812 – View Map
Independent Insurance Agents
Agents that elect to be independent are not locked into one company so as a result can place your coverage through many different insurance companies and possibly get better coverage at lower prices. If they find a cheaper price, they simply switch companies in-house which makes it simple for you.
When comparing insurance rates, we recommend you get some free quotes from several independent insurance agents so that you can do a thorough price comparison.
Shown below are Anchorage independent insurance agents willing to provide rate quotes.
Alaskan General Insurance
1400 W Benson Blvd # 500 – Anchorage, AK 99503 – (907) 297-4500 – View Map
Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224 – View Map
Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9 – Anchorage, AK 99503 – (907) 563-1492 – View Map
Anchorage auto insurance companies
Ending up with the best auto insurance company is difficult considering how many choices you have in Anchorage. The company information below can help you select which car insurance companies you want to consider comparing price quotes from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
In Summary
We just showed you a lot of information how to shop for Mercedes-Benz E350 insurance online. The key thing to remember is the more companies you get rates for, the higher your chance of finding affordable Mercedes-Benz E350 insurance quotes. You may even be surprised to find that the best price on car insurance is with some of the smallest insurance companies. They can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.
Lower-priced Mercedes-Benz E350 insurance in Anchorage is possible both online as well as from independent agents in Anchorage, so get free Anchorage car insurance quotes from both of them to have the best selection. Some insurance providers do not offer online quoting and usually these regional carriers work with local independent agents.
More detailed car insurance information can be found in the articles below:
- Information for Teen Drivers (GEICO)
- What Car Insurance is Cheapest for a Toyota RAV4 in Anchorage? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Young Drivers in Anchorage? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Older Driver Statistics (Insurance Information Institute)
- Auto Insurance 101 (About.com)
- What are my Rights when Filing a Claim? (Insurance Information Institute)