Cheapest Rate Quotes for Mercedes-Benz C350 Insurance in Anchorage

Amazingly, nearly 70% of consumers have bought insurance from the same company for a minimum of four years, and approximately 38% of consumers have never compared insurance rates at all. Consumers in America can save about $859 each year just by shopping around, but most just don’t grasp the large savings they would see if they replace their high priced policy.

If saving the most money is your goal, then the best way to get the cheapest Mercedes-Benz C350 insurance in Anchorage is to start comparing prices yearly from different companies who sell auto insurance in Alaska. You can compare rates by following these guidelines.

Step 1: Take a few minutes and learn about how companies set rates and the factors you can control to prevent expensive coverage. Many policy risk factors that result in higher rates like traffic violations, accidents, and a negative credit history can be eliminated by being financially responsible and driving safely. Continue reading for more details to get low prices and get additional discounts that may have been overlooked.

Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO and Allstate, while independent agents can provide prices from multiple companies. View prices

Step 3: Compare the new rates to the price on your current policy and determine if there is any savings. If you find a better price, make sure coverage does not lapse between policies.

Step 4: Give notification to your agent or company to cancel your current policy and submit a down payment along with a completed application to the new insurer. Immediately upon receiving it, place the new proof of insurance certificate along with your vehicle registration.

The key aspect of shopping around is that you’ll want to make sure you compare identical coverage information on each quote request and and to get rates from as many companies as feasibly possible. Doing this provides the most accurate price comparison and maximum price selection.

Locating the best rates in Anchorage is not that difficult as long as you know where to start. If you are already insured or just want cheaper rates, use these cost-cutting techniques to find better prices without reducing protection. Shoppers just need to use the least time-consuming way to get comparison rates from many different companies.

Finding more affordable Anchorage car insurance rates doesn’t have to be difficult. You just need to take a few minutes to compare rate quotes to discover which company has low cost Anchorage car insurance quotes.

Doing online quotes comparisons is so easy that it replaces the need to drive around to all the different Anchorage insurance agencies. Shopping for car insurance online makes this unnecessary unless you’re the type of person who wants the trained advice of a local Anchorage agent. Although, it is possible price shop your coverage online but buy from a local insurance agent.

The auto insurance companies shown below offer price comparisons in Alaska. To buy the best cheap car insurance in Anchorage, we suggest you get prices from several of them to get the cheapest price.

Insurance coverage analysis

The premium information displayed below showcases detailed analysis of insurance prices for Mercedes-Benz C350 models. Having a good grasp of how car insurance prices are determined is important for you to make smart choices when purchasing an auto insurance policy.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can modify auto insurance rates significantly.

Can higher deductibles save money?

One common question asked by Anchorage drivers is which deductible level should you buy. The data tables below approximate the price difference when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in specific location information which can alter premium rates substantially.

We can estimate from the data above that using a $250 deductible will cost you approximately $14 more each month or $168 each year than requesting the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 18 months between claim filings, you would save money if you choose a higher deductible.

An important thing to remember is that increasing deductibles to save money results in more money out-of-pocket at claim time. That will necessitate access to more funds in the event you need to pay more for the deductible.

The diagram below illustrates how your deductible choice and can influence Mercedes-Benz C350 yearly insurance costs for each age group. The data is based on a single male driver, full coverage, and no discounts are factored in.

Mercedes-Benz C350 insurance premiums by gender and age

The illustration below illustrates the difference between Mercedes-Benz C350 insurance costs for male and female drivers. Data assumes a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no other discounts are factored in.

Rate comparison of full coverage and liability-only

The illustration below illustrates the comparison of Mercedes-Benz C350 car insurance rates with full coverage and liability only. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, single status, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no definitive guideline to delete physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s pretend your Mercedes-Benz C350 replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your deductible. If you are currently paying more than $800 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some conditions where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Three reasons to not skimp on auto insurance

Even though Anchorage C350 insurance rates can get expensive, insurance is required for several reasons.

• Just about all states have mandatory insurance requirements which means state laws require a minimum amount of liability in order to get the vehicle licensed. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your vehicle, most banks will stipulate that you have insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may insure your Mercedes-Benz for a much higher rate and force you to reimburse them the higher premium.
• Auto insurance protects both your assets and your Mercedes-Benz C350. Insurance will also pay for most medical and hospital costs incurred in an accident. As part of your policy, liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay to repair the damage.

The benefits of buying auto insurance greatly outweigh the cost, especially if you ever need it. Unknowingly, the average driver is currently overpaying as much as $700 annually so it’s very important to do a rate comparison once a year at a minimum to help ensure money is not being wasted.

Get discounts on Anchorage car insurance

Some companies don’t necessarily list all possible discounts in a way that’s easy to find, so we took the time to find both the well known as well as the least known discounts that you may qualify for.

• Driver’s Education for Students – Cut your cost by having your teen driver complete a driver education course in high school.
• Resident Student – Older children who live away from home at college and do not have a car can be insured at a reduced rate.
• Multiple Vehicles – Buying insurance for multiple cars on a single policy can get a discount for every vehicle.
• Military Discounts – Being on active deployment in the military could mean lower premium rates.
• Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems can get savings of more than 20%.
• Federal Employees – Active or retired federal employment can save as much as 8% with certain companies.

You should keep in mind that most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like collision or personal injury protection. Even though it appears having all the discounts means you get insurance for free, companies don’t profit that way.

The information below compares Mercedes-Benz C350 annual premium costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-car, multi-policy, and homeowner discounts applied.

For a list of providers with discount rates in Alaska, click here.

Insurance is available from local agents

Some consumers would prefer to get professional advice from a licensed agent and often times that is recommended Insurance agents will help you protect your assets and help in the event of a claim. A nice benefit of getting online price quotes is that you can find the lowest rates but also keep your business local.

To help locate an agent, after submitting this short form, the coverage information is emailed to local insurance agents in Anchorage who will return price quotes for your business. You won’t even need to leave your computer since rate quotes are delivered directly to your email. If for some reason you want to get a price quote for a specific company, feel free to navigate to their website and give them your coverage information.

Finding a good provider requires more thought than just a cheap price quote. Before buying a policy in Anchorage, get answers to these questions.

• Are they actively involved in the community?
• Are there any discounts for paying up front?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Will your rates increase after a single accident?
• Are they involved in claim handling?
• Do they have a Better Business Bureau rating in Anchorage?

If you prefer to buy insurance from a reputable insurance agent or broker, it’s important to understand the different types of agencies and how they work. Insurance policy providers are either independent agents or exclusive agents. Both can sell insurance policies, but it’s important to point out how they are different because it can influence the type of agent you choose.

Exclusive Agencies

Exclusive agencies work for only one company such as Allstate and State Farm. These agents are not able to shop your coverage around so if the price isn’t competitive there isn’t much they can do. These agents are trained well in insurance sales which helps offset the inability to provide other markets.

Listed below is a list of exclusive agencies in Anchorage willing to provide rate quotes.

More insurance agents

Independent Insurance Agents

Agents in the independent channel often have affiliation with several companies and that enables them to quote your coverage with any number of different companies and find the cheapest insurance rates. If prices rise, an independent agent can move your coverage and that require little work on your part.

When searching for an agent, we recommend you get several quotes from at least one independent agent to ensure the widest selection of prices.

Below are Anchorage independent agencies willing to provide rate quotes.

More insurance agents

Best car insurance in Anchorage

Finding the right auto insurance company can be a challenge considering how many choices you have in Anchorage. The company ratings listed below can help you select which auto insurance companies to look at purchasing from.

Top 10 Anchorage Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. State Farm – A++
3. GEICO – A++
4. Esurance – A+
5. Allstate – A+
6. Progressive – A+
7. The Hartford – A+
8. The General – A-
9. AAA Insurance – A
10. Liberty Mutual – A

Insurance coverages and their meanings

Learning about specific coverages of your policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages available from insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Mercedes-Benz C350.

Because many people have only the minimum liability required by law (50/100/25), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability insurance

Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/25 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like funeral expenses, loss of income, attorney fees and pain and suffering. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible. Alaska state minimum liability requirements are 50/100/25 but drivers should carry more coverage.

The chart below demonstrates why buying low liability limits may not be adequate coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like chiropractic care, prosthetic devices, rehabilitation expenses, pain medications and ambulance fees. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage

This coverage pays for damage to your C350 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with a tree, crashing into a building, backing into a parked car, sustaining damage from a pot hole and rolling your car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible on your C350 to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, rock chips in glass, a broken windshield, a tree branch falling on your vehicle and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Cheap auto insurance rates are out there

In this article, we covered many ideas to get a better price on Mercedes-Benz C350 insurance in Anchorage. The most important thing to understand is the more providers you compare, the better likelihood of getting cheaper Anchorage car insurance quotes. Consumers may even find the biggest savings come from a small local company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

Cheaper auto insurance in Anchorage can be bought online and also from your neighborhood Anchorage agents, and you should compare rates from both to have the best selection. A few companies do not offer online rate quotes and many times these regional carriers only sell coverage through local independent agents.

More resources

• Auto Insurance 101 (About.com)
• Who Has Affordable Anchorage Auto Insurance Rates for a Nissan Altima? (FAQ)
• Who Has Affordable Car Insurance for Welfare Recipients in Anchorage? (FAQ)
• Who Has Affordable Car Insurance for Police Officers in Anchorage? (FAQ)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Neck Injury FAQ (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Institute)