2018 Mercedes-Benz SL-Class Insurance Cost – 8 Policy Discounts

Trying to find better car insurance rates for your Mercedes-Benz SL-Class? Paying for overpriced Mercedes-Benz SL-Class insurance can empty your monthly budget and make it tough to pay other bills. Comparing price quotes is a smart way to make sure you’re not throwing money away.

Big companies like Allstate, Progressive and GEICO continually bombard you with advertising and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.

Smart consumers take time to get comparison quotes once or twice a year because car insurance prices are constantly changing. Just because you had the best price for SL-Class coverage at your last renewal you can probably find a better rate quote now. Block out anything you think you know about car insurance because you’re about to find out how to use the internet to eliminate unnecessary coverages and save money.

If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these techniques. Choosing the best insurance company for you is not that difficult. But car owners can benefit from knowing how the larger insurance companies market insurance on the web.

How to compare insurance quotes

Most major insurance companies such as Allstate and Progressive allow you to get coverage prices direct online. Doing online quotes can be done by anyone as you simply enter the coverage amounts you desire into the quote form. After you submit the form their system makes automated requests for your driving record and credit report and returns pricing information based on these and other factors. Online quotes helps simplify price comparisons, but having to visit different websites and type in your information gets old quite quickly. But it’s absolutely necessary to get many rate quotes in order to find the best price possible.

Quote rates the easy way

A quicker way to compare insurance pricing uses one simple form that gets prices from many companies. It saves time, eliminates form submissions, and makes price shopping online a lot less work. Immediately after you send the form, it is rated with multiple companies and you can pick your choice of the quotes that you receive. If the quotes result in lower rates, you can simply submit the application and purchase the new policy. The whole process takes 15 minutes at the most and you’ll know if lower rates are available.

To save time and compare pricing, click here and input your coverage information. If you have a policy now, it’s recommended you copy the insurance coverages as close as possible to your current policy. This makes sure you will be getting a fair comparison using the exact same coverages.

Insurance coverage quotes and discounts

Not too many consumers would say insurance coverage is affordable, but you might be missing out on some discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but once in a while a discount must be specially asked for before you will receive the discount. If you do not check that you are getting every discount possible, you are not getting the best rate possible.

  • College Student Discount – Kids who live away from home to go to college and leave their car at home can be insured at a reduced rate.
  • Good Students Pay Less – Being a good student can earn a discount of 20% or more. Most companies allow this discount until age 25.
  • Accident Free – Good drivers with no accidents can save substantially compared to policyholders that have many claims.
  • Seat Belts Save – Requiring all passengers to fasten their seat belts can save 10% or more on the premium charged for medical payments and/or PIP.
  • New Vehicle Savings – Insuring a new car can cost up to 25% less since newer models are generally safer.
  • Early Renewal Discounts – Some insurance coverage companies give discounts for switching to them prior to the expiration date on your current policy. It can save you around 10%.
  • Life Insurance Discount – Insurance carriers who offer life insurance give lower rates if you buy life insurance.
  • E-sign Discounts – Certain insurance coverage companies will give a small break for buying your policy on your computer.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

The best insurance coverage companies and their possible discounts are outlined below.

  • GEICO offers discounts for five-year accident-free, multi-vehicle, defensive driver, driver training, and emergency military deployment.
  • SAFECO may offer discounts for teen safe driver, safe driver, accident prevention training, multi-car, homeowner, anti-theft, and drive less.
  • State Farm has discounts for defensive driving training, safe vehicle, good driver, anti-theft, and good student.
  • MetLife includes discounts for claim-free, good student, multi-policy, defensive driver, good driver, accident-free
  • 21st Century offers premium reductions for theft prevention, air bags, early bird, homeowners, 55 and older, driver training, and teen driver.
  • Progressive offers discounts including good student, multi-vehicle, online quote discount, multi-policy, and online signing.

If you are trying to find cheaper auto insurance quotes, ask every insurance company what discounts are available to you. Some credits may not apply to policies in your area.

Situations that may require an agent’s advice

When it comes to buying coverage, there is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. For instance, these questions can help discover whether or not you may require specific advice.

  • What vehicles should carry emergency assistance coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Can I drive in Mexico and have coverage?
  • When should I buy a commercial auto policy?
  • Will filing a claim cost me more?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Do drivers who switch really save?

Allstate and Progressive regularly use ads on television and other media. All the companies advertise claims that you’ll save big just by switching to them. How does every insurance coverage company charge you a lower premium? It’s all in the words they use.

All companies require specific criteria for the driver they prefer to insure. One example of this type of risk profile could possibly be between the ages of 30 and 45, has no driving citations, and has excellent credit. A customer that hits that “sweet spot” will probably get the lowest rates and will save when switching.

Potential insureds who fall outside those criteria will have to pay higher premium rates and business going elsewhere. The wording the ads use say “customers that switch” not “everyone that quotes” save money. That’s the way companies can truthfully advertise the savings. This illustrates why you absolutely need to get auto insurance quotes from several different companies. It’s impossible to know with any certainty which company will provide the lowest car insurance rates.

Specifics of your car insurance policy

Having a good grasp of your policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types available from car insurance companies.

Collision – This covers damage to your SL-Class resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Liability car insurance – This protects you from damage or injury you incur to people or other property. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like funeral expenses, medical services, repair costs for stationary objects, repair bills for other people’s vehicles and legal defense fees. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Comprehensive protection – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from getting keyed, a tree branch falling on your vehicle and hitting a deer. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured or underinsured coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Mercedes-Benz SL-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical expense coverage – Med pay and PIP coverage provide coverage for short-term medical expenses such as X-ray expenses, doctor visits, rehabilitation expenses and funeral costs. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Better coverage you can count on

As you quote auto insurance, it’s not a good idea to reduce coverage to reduce premium. Too many times, someone dropped liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Lower-priced 2018 Mercedes-Benz SL-Class insurance can be purchased on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance coverage companies do not offer the ability to get a quote online and most of the time these regional carriers provide coverage only through independent agents.

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