2012 Mercedes-Benz SLS AMG Insurance Rates

Searching for better insurance rates? Consumers have many options when looking for the lowest priced Mercedes-Benz SLS AMG insurance. You can either waste hours struggling with agents getting price quotes or utilize the internet to get rate quotes.

There is a right way and a wrong way to find insurance online so you’re going to learn the best way to get price quotes for a Mercedes-Benz and obtain the cheapest rates.

Drivers save money with these discounts

Auto insurance companies don’t always publicize all possible discounts very clearly, so the below list has both the well known and the harder-to-find ways to save on insurance coverage.

  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.
  • Defensive Driving Course – Completing a defensive driver course could cut 5% off your bill if your company offers it.
  • Discounts for Responsible Drivers – Insureds without accidents can save up to 40% or more on their insurance coverage quote for SLS AMG coverage as compared to drivers with claims.
  • Memberships – Affiliation with qualifying employment or professional organizations can get you a small discount on your next insurance coverage statement.
  • Auto/Home Discount – When you have multiple policies and place coverage with the same company you will save 10% to 20% off each policy.
  • Low Miles Discount – Fewer annual miles on your Mercedes-Benz could qualify for substantially lower insurance coveragerates.

Keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. Any amount of discount will reduce the cost of coverage.

A few popular companies and a summarized list of policyholder discounts are:

  • State Farm may include discounts for student away at school, defensive driving training, good driver, driver’s education, and multiple autos.
  • American Family has savings for accident-free, multi-vehicle, early bird, defensive driver, and air bags.
  • AAA offers discounts for pay-in-full, multi-policy, anti-theft, multi-car, education and occupation, AAA membership discount, and good driver.
  • GEICO discounts include multi-policy, daytime running lights, five-year accident-free, air bags, multi-vehicle, and driver training.
  • Mercury Insurance offers discounts including annual mileage, age of vehicle, good driver, low natural disaster claims, and multi-policy.
  • Farmers Insurance includes discounts for switch companies, bundle discounts, good student, multi-car, and early shopping.
  • Progressive may offer discounts for homeowner, multi-vehicle, online quote discount, good student, online signing, multi-policy, and continuous coverage.

When getting a coverage quote, ask every company which discounts they offer. Some of the discounts discussed earlier may not apply in your area. If you would like to see a list of providers with the best discounts, click here to view.

Insurance premium influencing factors

An important part of buying insurance is that you know the rating factors that help calculate car insurance rates. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that can earn you lower car insurance prices.

Listed below are a few of the “ingredients” used by insurance companies to determine your rate level.

  • Your employer can affect premiums – Occupational choices like fire fighters, executives and stock brokers are shown to have higher premiums than the average policyholder due to job stress and incredibly demanding work hours. On the other hand, careers like scientists, athletes and homemakers pay the least for SLS AMG coverage.
  • Optional features impact rates – Choosing to buy a car that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft.
  • Keep rates low by being claim-free – Auto insurance companies provide better rates to insureds who are not frequent claim filers. If you tend to file frequent claims, you can pretty much guarantee higher rates. Your insurance policy is designed for the large, substantial claims.
  • Consolidating policies can get discounts – The majority of companies afford better rates to insureds who buy several policies from them. It’s known as a multi-policy discount. Even if you already get this discount, it’s still a good idea to shop around to help ensure you have the lowest rates. It’s possible to still save even more than the discount by buying car insurance from a different company.
  • Does auto insurance cost less for women? – Statistics demonstrate that females tend to be a little less risky than males. However, don’t assume that women are better drivers. They both get in fender benders in similar numbers, but males have accidents that have higher claims. They also get cited for more serious violations like DUI and reckless driving.
  • Rates increase with driving citations – Just one driving citation may cause rates to rise twenty percent or more. Attentive drivers have lower premiums than people who have multiple driving citations. Drivers unfortunate enough to have severe violations such as DUI or willful reckless driving may find that they have to to complete a SR-22 with their state’s licensing department in order to continue driving.
  • No car insurance policy gaps is important – Allowing your coverage to lapse can be a sure-fire way to increase your car insurance rates. Not only will you pay more, not being able to provide proof of insurance could earn you fines or a revoked license.

Special considerations

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a one size fits all plan. Each situation is unique.

For example, these questions could help you determine if your situation might need an agent’s assistance.

  • Is other people’s property covered if stolen from my vehicle?
  • Is business equipment covered while in my vehicle?
  • Do I have coverage if my license is suspended?
  • Do I benefit by insuring my home with the same company?
  • Do I need more liability coverage?
  • What is covered by UM/UIM coverage?
  • How can I get my company to pay me more for my totalled car?
  • Does liability extend to a camper or trailer?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and can provide invaluable advice.

Car insurance in the media

Consumers can’t avoid all the ads for the lowest price car insurance by companies like 21st Century, Allstate and State Farm. All the companies make the point about saving some big amount just by moving your car insurance coverage to their company.

That’s great but how can every company charge less that you’re paying now? This is the way they can do it.

Most companies have specific guidelines for a prospective insured that will not have excessive claims. For instance, a profitable insured could possibly be between 25 and 40, has had continuous coverage, and drives a safe vehicle. Any new insured that fits those parameters will most likely get cheap premium rates and will probably save when they switch companies.

Consumers who do not match the requirements may receive a more expensive rate with the end result being the customer not purchasing. The ad wording is “people that switch” not “everyone who quotes” save that much money. This is how companies can advertise the savings.

Because of these techniques, you really need to get a wide range of price quotes. It’s just too difficult to predict which car insurance company will provide you with the cheapest prices.

Auto insurance 101

Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision – This coverage pays for damage to your SLS AMG from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as hitting a parking meter, sideswiping another vehicle, hitting a mailbox and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Liability car insurance – This will cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things such as attorney fees, emergency aid, legal defense fees, loss of income and repair costs for stationary objects. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like EMT expenses, X-ray expenses, pain medications and chiropractic care. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, falling objects, a broken windshield and theft. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – This coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Mercedes-Benz SLS AMG.

Since many 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. Usually these coverages are set the same as your liablity limits.

Don’t throw your cash in the trash

Drivers who switch companies do it for any number of reasons including delays in responding to claim requests, delays in paying claims, an unsatisfactory settlement offer or even unfair underwriting practices. It doesn’t matter what your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

Some insurance providers may not have internet price quotes and many times these regional insurance providers provide coverage only through local independent agents. Affordable 2012 Mercedes-Benz SLS AMG insurance is possible on the web and from local insurance agents, and you need to price shop both in order to have the best chance of saving money.

As you quote insurance coverage, never sacrifice coverage to reduce premiums. In too many instances, someone dropped comprehensive coverage or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.

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