balthus

Does it sound right that our annual premium would increase by $700 moving same coverage with same insurer from our 2004 E320 wagon to a 2013 E350 wagon?

We have Chubb for homeowners & auto & just received docs in the mail after alerting our agent to the change in vehicles & was shocked at a 37% increase.

We were paying about $1,300 a year for the 2004 wagon and now close to $2K for the 2103. Our 2010 GLK is about $1,500 a year.

Ouch! Probably time to start shopping for homeowners/auto/umbrella but I hate changing and we just moved to Chubb about 18 months ago after 10+ years with Nationwide.

Thanks for any insight.

CarolinaBluetec

My premiums increased less than $200 when I went from a 2008 E320BT to a 2013 E350. I carry a $1000 deductible on the cars and a $5000 one on my home, so my premiums are substantially less than yours. There are also other factors such as miles driven, age, and location.

balthus

I am going to ask our agent about a $1K deductible. It's crazy. We do less than 10k a year on the cars. They are garaged at home & at work. Commute for both of us is about 5 miles each way. My husband has a minor thing from 2013 on him and my DL is clear. Thanks.

instantfob

Cars cost a lot more to fix these days

Whenever you switch to a brand new car, SOME insurance companies automatically add MBI (Mechanical Breakdown Insurance) which you don't need. Review your policy carefully.

rediesel

I was surprised when I went from a 2006 E320 CDI to a 2012 E550 4m that there was a larger than anticipated jump. I have a $1000 deductable on all cars.

I pay $951/year on the E550 compared with ~$650 for the 06 E320. Now that rate just went down to $892 for E550!?! I'm not complaining.

I pay $1285/year on the C63 AMG coupe which was only ~$300 more than my 335i vert.

balthus

Yikes sounds like we are paying way too much.

Diamond White W212

My coverage went up $232 per 6 months when I added my 2012 E350 but it was replacing a 2006 Chevy Avalanche so thats understandable.

My E350 is 779.93 every 6 months (or $1558 per year) with $1000 Deductibles for comp and collision and 10,000 miles per year. This is with 3 cars on the policy, no accidents/tickets.

Keep in mind location plays a lot into it. A high traffic urban area like NYC is far more expensive than a rural area like...South Dakota.
The Central plains and Southern states get a lot of hail for potential comp losses. Some cities like Philadelphia have high auto theft.

El Cid

My insurance company (USAA) actually offers a discount for new cars. However, you got a car that is nine years newer and I am sure has a lot more equipment on it. Because it is an M-B, it will be very expensive to repair.
My premium is $680 per year with $200 deductible for a '10 "E". Doesn't include the annual membership "rebate." Have three cars and house on policy.

noka

Bill for this year with Commerce (MA) on '15 E350-4M is $872 with $500 deductible.

homeofstone

Shop around is a good idea. I pay less than 1100.00 a year for my E63 amg with 1000.00 deductible. Of course premiums on a particular car differ depending on where you live, your age, driving record, number of miles commuting and your credit rating.

balthus

Best I could get by increasing deductible to 1K on both cars was annual reduction of $128 for both cars. I asked what I was saving on my homeowners by bundling auto and it's about $350 a year. I know I can save more than that just moving the auto but probably time to move all lines at renewal.

We switched to Chubb about 2 years ago after we sold our house to downsize and rates were ok when we were in an interim apartment rental. When we bought our house last summer, I stuck with them as we had too much going on and we also needed a rider for art and we didn't have to itemize each work s it was easy.

I have subsequently learned that our home is valued below their average level and that we actually pay a higher rate proportionately and that they really do not want our business. They are targeted to high end homes and policyholders. Nice that I am paying high premiums to be a second class customer. Really annoyed with our agent as I guess he got a first class commission but he swears by their customer service - when you need them & that it is worth the premium excess!

sdvictor

550 every 6 months w/ 250 deductible , and this is with a severe ticket