How Much Does 2011 Mercedes-Benz SLS AMG Car Insurance Cost?

Purchasing more affordable insurance coverage over the internet may at first seem to be somewhat difficult for vehicle owners that are not comfortable with quoting and shopping for insurance over the internet. With such a large number of agents and companies competing online, how can you efficiently compare every company in order to find better rates?

It’s important to quote other rates periodically because insurance coverage prices are usually higher with each renewal. Just because you had the best rates for SLS AMG insurance at your last renewal other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re about to find out the fastest and easiest way to buy cheaper insurance coverage.

Informed drivers can reduce insurance rates

When buying insurance it’s important to understand the different types of things that are used to determine your policy premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that could result in much lower annual insurance costs.

  • File a insurance claims and pay more – Insurance companies award cheaper rates to insureds who are not frequent claim filers. If you file claims often, you can look forward to either policy cancellation or increased premiums. Your insurance policy is intended for claims that pose a financial burden.
  • Eliminate unneeded add-on coverages – There are quite a few optional add-on coverages that you can buy but may not be useful. Coverage for things like roadside assistance, death and dismemberment, and motor club memberships may be wasting your money. The coverages may be enticing when discussing your needs, but if you don’t need them consider taking them off your policy.
  • You might pay more if you are single – Getting married helps lower the price on insurance. Having a spouse means you’re more mature and statistics prove married drivers get in fewer accidents.
  • Keep the miles off and save – The more miles you rack up on your Mercedes-Benz every year the more it will cost to insure it. Many insurance companies charge rates based on their usage. Cars used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Having the wrong rating on your SLS AMG can cost quite a bit. Double check that your declarations sheet reflects the proper vehicle usage.
  • Gender and car insurance costs – The statistics show women are more cautious behind the wheel. It does not mean men are worse drivers. Women and men tend to get into accidents at about the same rate, but the men tend to have more serious accidents. Men also get cited for more serious violations like DWI (DUI) or reckless driving. Young men ages 16 to 20 are several times more likely to be in an accident so it costs more to insure them.
  • Increase physical damage deductibles to save – Physical damage coverage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some coverage claims are collision with another vehicle, collision with an animal, or theft. The deductibles are the amount of money you are required to spend if you file a covered claim. The more damage repair cost the insured has to pay upfront, the less money you will pay for insurance for SLS AMG insurance.
  • Better drivers pay better costs – Whether or not you get tickets can have a huge impact on auto insurance premiums. Careful drivers pay lower auto insurance prices as compared to those with violations. Having a single speeding ticket or other violation can bump up the cost by as much as thirty percent. Drivers with license-revoking citations such as hit and run, DWI or reckless driving convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to legally drive a vehicle.
  • How your age affects premiums – More mature drivers are shown to be more cautious, file fewer claims and get fewer tickets.Inexperience drivers are known to be careless and easily distracted in a vehicle therefore insurance rates are much higher.

Verify you’re earning every discount

Some insurers don’t necessarily list every policy discount very clearly, so the list below details a few of the more common as well as some of the hidden credits available to lower your premiums when you buy insurance online. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Good Driver Discount – Drivers who avoid accidents can save up to 40% or more on their insurance quote for SLS AMG insurance than drivers with accident claims.
  • Distant College Student Discount – Youth drivers living away from home attending college and leave their car at home could get you a discount.
  • Telematics Devices – Drivers who elect to allow their insurance company to track vehicle usage by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates if they show good driving skills.
  • Auto/Home Discount – If you can combine your auto and homeowners policy with the same insurance company you may earn up to 20% off your total premium.
  • Discounts for Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% for SLS AMG insurance depending on your company.
  • Senior Citizen Discount – Seniors can possibly qualify for reduced rates for SLS AMG insurance.

A little disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Despite the appearance that you would end up receiving a 100% discount, nobody gets a free ride.

A few of the larger companies and some of the discounts are outlined below.

  • American Family may include discounts for mySafetyValet, good driver, TimeAway discount, defensive driver, multi-vehicle, bundled insurance, and early bird.
  • State Farm offers discounts for safe vehicle, defensive driving training, passive restraint, Steer Clear safe driver discount, and Drive Safe & Save.
  • 21st Century offers premium reductions for homeowners, good student, defensive driver, automatic seat belts, air bags, and teen driver.
  • Travelers policyholders can earn discounts including new car, multi-policy, multi-car, good student, and IntelliDrive.
  • GEICO includes discounts for multi-vehicle, daytime running lights, military active duty, five-year accident-free, membership and employees, good student, and air bags.

Before buying, ask every prospective company to give you their best rates. Savings may not apply in your area. To find providers with significant discounts, click here to view.

When should I discuss my situation with an agent?

When buying the best insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining whether your personal situation will benefit from professional help.

  • Does car insurance cover theft of personal property?
  • How much liability do I need to cover my assets?
  • How much can I save by bundling my policies?
  • Does my personal policy cover me when driving out-of-state?
  • Is my 2011 Mercedes-Benz SLS AMG covered for smoke damage?
  • How can I get my company to pay me more for my totalled car?
  • Where can I find high-risk insurance?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Coverages available on your insurance policy

Learning about specific coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy.

Comprehensive auto coverage

This covers 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 coverage pays for claims like a broken windshield, falling objects, damage from flooding, rock chips in glass and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Mercedes-Benz SLS AMG.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are set the same as your liablity limits.

Coverage for collisions

Collision coverage will pay to fix damage to your SLS AMG from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as sustaining damage from a pot hole, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for immediate expenses like funeral costs, pain medications, X-ray expenses, ambulance fees and prosthetic devices. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Liability

This coverage protects you from damage or injury you incur to people or other property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover 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 commonly see values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like attorney fees, loss of income, funeral expenses, court costs and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Be a smart shopper

Affordable 2011 Mercedes-Benz SLS AMG insurance can be bought from both online companies and from local insurance agents, so you should compare both to have the best rate selection. There are still a few companies who may not provide online rate quotes and many times these regional carriers work with independent agents.

When you buy insurance online, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your focus should be to buy enough coverage at the best price but still have enough coverage for asset protection.

Insureds switch companies for a number of reasons such as questionable increases in premium, delays in paying claims, poor customer service or even extreme rates for teen drivers. Regardless of your reason, choosing a new insurance company can be pretty painless.

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