2001 Mercedes-Benz SL-Class Insurance Cost

Want lower auto insurance rates for your Mercedes-Benz SL-Class? Trying to find low-cost insurance for a Mercedes-Benz SL-Class can be a lot of work, but you can use these tips to save time. There is a better way to shop for auto insurance and you need to know the proper way to compare rates for a Mercedes-Benz and get the lowest possible price from local insurance agents and online providers.

Lower rates by qualifying for discounts

The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not even know about. Certain discounts will be applied when you get a quote, but some may not be applied and must be manually applied in order for you to get them.

  • No Charge for an Accident – Not really a discount, but certain companies permit an accident before they charge you more for coverage if you have no claims prior to the accident.
  • Smart Student Discounts – Being a good student may save you up to 25%. This discount can apply until age 25.
  • Multi-car Discount – Drivers who insure several vehicles with the same car insurance company can reduce the rates for all insured vehicles.
  • Paperwork-free – Many companies provide a small discount for completing your application on the internet.
  • Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts can get savings as much as 30%.

Don’t be surprised that most discounts do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it appears you can get free auto insurance, nobody gets a free ride.

A list of car insurance companies and a partial list of their discounts include:

  • Progressive may include discounts for online quote discount, good student, online signing, multi-vehicle, multi-policy, homeowner, and continuous coverage.
  • GEICO policyholders can earn discounts including multi-policy, seat belt use, military active duty, anti-lock brakes, emergency military deployment, and good student.
  • State Farm has discounts for defensive driving training, Steer Clear safe driver discount, safe vehicle, student away at school, passive restraint, and multiple policy.
  • Esurance offers premium reductions for good driver, multi-policy, anti-lock brakes, DriveSense, Pac-12 alumni, and claim free.
  • The Hartford offers discounts for anti-theft, air bag, bundle, defensive driver, and good student.

When getting a coverage quote, ask each company which discounts they offer. Some credits may not apply to policyholders everywhere. To view insurance companies that offer the discounts shown above, click here.

Insurance coverage is unique, just like you

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no perfect coverage plan. Every insured’s situation is different.

For example, these questions can aid in determining if your insurance needs might need an agent’s assistance.

  • Do I pay less for low miles?
  • Which is better, split liability limits or combined limits?
  • Can I rent a car in Mexico?
  • Should I buy additional glass protection?
  • Do I need PIP coverage since I have good health insurance?
  • What can I do if my company denied a claim?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and you can get the answers you need.

Can switching companies really save?

Drivers can’t avoid all the ads for insurance savings by Allstate and Progressive. All the ads have a common claim that drivers can save some big amount just by switching your coverage.

It sounds good, but how can they all charge lower premium rates? This is the trick they use.

Insurance companies are able to cherry pick for the type of customer that earns them the highest profit. For instance, a profitable insured may need to be over the age of 35, has never had a claim, and drives less than 5,000 miles a year. A propective insured who fits those characteristics will get low rates and will save a lot if they switch.

Insureds who don’t meet this stringent profile will probably be forced to pay higher premium rates and this can result in the customer not buying. If you pay close attention to the ads, they say “people who switch” not “everyone that quotes” save that much when switching. That is how insurance companies can confidently make those claims. Because each company has a different risk profile, drivers must compare rate quotes every year. Because without a comparison, you cannot know the company that will have the best prices.

Coverages available on your policy

Knowing the specifics of a car insurance policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement.

Coverage for liability

Liability insurance provides protection from injuries or damage you cause to other’s property or people in an accident. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims like court costs, loss of income, bail bonds, medical expenses and attorney fees. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from getting keyed, hitting a bird, hail damage and a broken windshield. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for ambulance fees, surgery, nursing services, X-ray expenses and dental work. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, driving through your garage door, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Be Smart and Buy Smart

We just covered a lot of techniques to compare 2001 Mercedes-Benz SL-Class insurance rates online. The key concept to understand is the more quotes you get, the better your comparison will be. Consumers could even find that the lowest rates are with a lesser-known regional company.

Cheap 2001 Mercedes-Benz SL-Class insurance is definitely available from both online companies in addition to many insurance agents, so you should compare both so you have a total pricing picture. A few companies may not offer rates over the internet and usually these smaller companies prefer to sell through independent insurance agents.

Insureds switch companies for a variety of reasons including not issuing a premium refund, policy non-renewal, being labeled a high risk driver and even extreme rates for teen drivers. No matter why you want to switch, choosing a new insurance company is actually quite simple.

To learn more, take a look at these articles: