2011 Mercedes-Benz SL-Class Car Insurance Quotes – 7 Savings Tips

Searching for lower auto insurance rates? Consumers have lots of choices when looking for the lowest priced Mercedes-Benz SL-Class insurance. You can either spend your time struggling with agents to compare prices or save time using the internet to get rate quotes. There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the best way to compare rates for a Mercedes-Benz and locate the lowest possible price.

The method we recommend to compare insurance rates from multiple companies utilizes the fact most insurance companies will pay a fee to provide you with a free rate quote. To get started, all you need to do is give them rating details such as the ages of drivers, the year, make and model of vehicles, your education level, and if you lease or own. The data is instantly sent to many different companies and you receive quotes instantly.

Advertising myths

Consumers can’t ignore all the ads that promise big savings from companies such as State Farm, Allstate and GEICO. All the ads convey the message of big savings just by moving your car insurance coverage to their company.

How can each company charge less that you’re paying now? Just pay attention to how they say it.

Many companies give the best rates for the type of driver that earns them the most money. A good example of this type of driver should be over the age of 50, owns their home, and drives a vehicle with a low ISO rating. Any person who fits those characteristics gets the lowest prices and will probably save when they switch companies.

Insureds who cannot meet this ideal profile will probably have to pay higher premium rates which usually ends up with the customer buying from a different company. The wording the ads use say “drivers that switch” but not “everyone who gets a quote” save that much. That’s why insurance companies can make claims that they all have the best rates. This really emphasizes why you really should compare quotes as often as possible. It’s not possible to predict with any certainty which company will have better prices than you’re paying now.

Find discounts to get cheap car insurance rates

Auto insurance companies don’t necessarily list all available discounts very well, so we break down some of the more common as well as some of the hidden car insurance savings.

  • Theft Deterent – Cars with anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
  • Low Mileage Discounts – Driving less could qualify for substantially lower prices.
  • Telematics Discount – Insureds who allow driving data submission to study vehicle usage by installing a telematics device like Allstate’s Drivewise might see lower rates if they exhibit good driving behavior.
  • Good Driver Discount – Drivers who don’t get into accidents may receive a discount up to 45% on SL-Class insurance than less cautious drivers.
  • New Car Discount – Buying a new car instead of a used car can save up to 30% since new vehicles have better safety ratings.
  • Military Rewards – Having a family member in the military can result in better prices.
  • Renewal Discounts – A few car insurance companies allow discounts for renewing your policy early. You can save around 10% with this discount.

A little disclaimer on discounts, many deductions do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. Even though it appears you would end up receiving a 100% discount, you aren’t that lucky.

A list of car insurance companies and some of the premium reductions they offer are detailed below.

  • GEICO offers premium reductions for multi-vehicle, driver training, multi-policy, air bags, and seat belt use.
  • Travelers has savings for multi-car, new car, driver training, home ownership, and save driver.
  • Nationwide policyholders can earn discounts including business or organization, family plan, easy pay, Farm Bureau membership, anti-theft, and defensive driving.
  • Farmers Insurance may have discounts that include pay in full, mature driver, youthful driver, switch companies, homeowner, business and professional, and alternative fuel.
  • Esurance offers discounts including claim free, multi-policy, emergency road assistance, anti-theft, Pac-12 alumni, and safety device.
  • State Farm may offer discounts for good driver, driver’s education, multiple autos, multiple policy, and Drive Safe & Save.
  • Progressive may include discounts for good student, multi-policy, online quote discount, homeowner, online signing, continuous coverage, and multi-vehicle.
  • Mercury Insurance offers discounts for low natural disaster claims, age of vehicle, accident-free, good student, ease of repair, location of vehicle, and anti-theft.

If you need lower rates, check with each insurance company which discounts can lower your rates. Depending on the company, some discounts might not apply in your area. To locate car insurance companies with significant discounts, click here.

Tailor your auto insurance coverage to you

When choosing the best auto insurance coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining if your insurance needs will benefit from professional help.

  • Is my 2011 Mercedes-Benz SL-Class covered for flood damage?
  • Are rental cars covered under my policy?
  • Should I buy full coverage?
  • When should I not file a claim?
  • When can I cancel my policy?
  • Am I covered when delivering products for my home-based business?
  • I don’t drive much so do I pay less?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, take a second and complete this form. It’s fast, free and may give you better protection.

Insurance coverages and their meanings

Having a good grasp of insurance aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like pain medications, nursing services, ambulance fees and surgery. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers

This provides protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2011 Mercedes-Benz SL-Class.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive (Other than Collision)

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like theft, a broken windshield, hitting a deer and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision protection

This will pay to fix damage to your SL-Class 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 such as driving through your garage door, crashing into a building and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Liability coverages

Liability coverage will cover damage or injury you incur to other’s property or people by causing an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers claims like funeral expenses, emergency aid and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Buy Smart and Save

Consumers who switch companies do it for a number of reasons such as high rates after DUI convictions, policy cancellation, an unsatisfactory settlement offer and delays in responding to claim requests. Whatever your reason, choosing a new company can be pretty painless.

As you quote car insurance, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an insured cut liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

You just learned quite a bit of information on how to lower your 2011 Mercedes-Benz SL-Class insurance premium rates. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising.

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