Cheaper 1994 Mercedes-Benz SL-Class Car Insurance Cost

Searching for the cheapest insurance coverage rates for your Mercedes-Benz SL-Class? Finding lower rates for insurance coverage can seem to be hard for consumers new to comparing rates online. People have so many companies to choose from that it can easily become a challenge to find the best price.

How to Compare Car Insurance Rates

There are several ways to compare rate quotes from different insurance companies. The fastest way to find the cheapest 1994 Mercedes-Benz SL-Class insurance rates is simply to get online rate quotes. This is very easy and can be done using a couple different methods.

  1. The easiest and least time consuming way to get quotes would be an industry-wide quote request form (click to open form in new window). This form keeps you from doing separate quotes to each individual car insurance company. Completing one form will get you price quotes from multiple companies. Recommended for those who want to invest the least amount of time.
  2. Another way to analyze rates requires a visit to the website of each company to complete their respective quote request forms. For examples sake, we’ll assume you want comparison quotes from Allstate, Safeco and Progressive. You would have to spend time on each company’s site to input your insurance information, which is why most consumers use the first method.

    To view a list of companies in your area, click here.

  3. The least efficient way of getting rate comparisons is to spend your day driving to different agent offices. Buying insurance online makes this process obsolete unless you want the personal advice only provided by licensed agents. You can, however, comparison shop your insurance online but buy from a local insurance agent and you’ll learn how to do that later.

Whichever way you use, make darn sure you compare the exact same deductibles and coverage limits on every quote you get. If the quotes have higher or lower deductibles it’s not possible to find the best deal for your Mercedes-Benz SL-Class. Just a small difference in insurance coverages could mean much higher rates. And when price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding better pricing.

Can you really save that much by switching?

Insurance coverage providers like State Farm and Allstate continually stream ads on TV and radio. They all make the same claim that you’ll save big after switching your coverage to them. How can each company make the same claim?

Different companies have a certain “appetite” for the driver that earns them a profit. An example of a driver they prefer might be profiled as a mature driver, has no driving citations, and has a short commute. A propective insured who fits that profile will get the preferred rates and therefore will save when they switch companies.

Potential insureds who do not match the “perfect” profile must pay a more expensive rate and ends up with the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that much. That’s why companies can truthfully advertise the savings. This illustrates why it’s extremely important to get quotes from several different companies. You cannot predict which insurance companies will give you the biggest savings on Mercedes-Benz SL-Class insurance.

Mercedes-Benz SL-Class insurance rates are influenced by…

Smart consumers have a good feel for the different types of things that go into determining the price you pay for car insurance. Understanding what impacts premium levels enables informed choices that could result in big savings.

Listed below are some of the factors car insurance companies consider when setting premiums.

  • Lower rates come with age – Mature drivers are more responsible, file fewer claims and are safer drivers. Youthful drivers are statistically proven to be more careless in a vehicle therefore car insurance rates are much higher.
  • How’s your driving record? – A bad driving record impacts your car insurance rates tremendously. Good drivers get better rates than their less careful counterparts. Just one ticket can increase rates forty percent or more. If you have dangerous violations such as DWI, reckless driving or hit and run convictions may find they need to file a SR-22 to the state department of motor vehicles in order to prevent a license revocation.
  • Being married is a good thing – Being married helps lower the price on your policy. Having a significant other translates into being more mature it has been statistically shown that being married results in fewer claims.
  • Safer cars are cheaper to insure – Safer cars are cheaper to insure. Safer cars result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If the Mercedes-Benz SL-Class earned at least four stars on you are probably receiving a discount.
  • High numbers of claims are not good – If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance companies generally give better rates to policyholders who are claim-free. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Lower miles equals lower premium – Driving more miles every year the more you’ll pay to insure your vehicle. Most companies rate vehicles determined by how the vehicle is used. Cars and trucks left parked in the garage can get a lower rate than those used for commuting. Make sure your car insurance coverage is showing the proper vehicle usage, because it can save money. Incorrect usage on your SL-Class may be costing you.
  • Liability coverage protects you – Liability coverage provides coverage if ever you are found to be at fault for personal injury or accident damage. Liability insurance provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • Don’t get talked into coverage you don’t need – There are a lot of additional coverages that you can buy if you aren’t careful. Things like rental car reimbursement, towing coverage and motor club memberships are examples of these. These coverages may sound good when you first buy your policy, but if you don’t need them remove them from your policy.

More discounts equal less premium

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so we researched both well-publicized as well as the least known discounts you could be receiving.

  • Paperless Signup – A handful of insurance companies give back up to $50 for buying a policy and signing up online.
  • Memberships – Belonging to certain professional organizations could qualify you for a break on your policy for SL-Class coverage.
  • Discount for New Cars – Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
  • Safe Driver Discount – Drivers who avoid accidents may save up to 50% more for SL-Class coverage than their less cautious counterparts.
  • No Claims – Drivers with accident-free driving histories pay less compared to drivers who are more careless.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Mercedes-Benz could qualify for better rates on cars that stay parked.
  • Homeowners Discount – Owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • Multi-car Discount – Insuring more than one vehicle on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.

Consumers should know that most discounts do not apply to all coverage premiums. Most cut specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck.

To see a list of companies with discount car insurance rates, follow this link.

It’s not one size fits all

When it comes to buying adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s needs are different.

For example, these questions may help you determine whether or not you might need an agent’s assistance.

  • Is rental equipment covered for theft or damage?
  • Does liability extend to a camper or trailer?
  • When would I need additional glass coverage?
  • Will my insurance pay for OEM parts?
  • Do I need roadside assistance coverage?
  • Am I covered when pulling a rental trailer?
  • What can I do if my company won’t pay a claim?
  • What is medical payments coverage?
  • How much liability coverage do I need in my state?
  • Can my teen drive my company car?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Insurance coverage options for a 1994 Mercedes-Benz SL-Class

Having a good grasp of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Mercedes-Benz SL-Class.

Since a lot of drivers have only the minimum liability required by law, 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.


This coverage can cover damages or injuries you inflict on other people or property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for things such as bail bonds, court costs and legal defense fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as pain medications, funeral costs, nursing services, hospital visits and X-ray expenses. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage protection

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like backing into a parked car, colliding with another moving vehicle, sideswiping another vehicle and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive protection

This coverage covers 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 protects against things such as falling objects, hitting a deer, a tree branch falling on your vehicle, hitting a bird and theft. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

In the end, you save

We just presented a lot of information how to get a better price on 1994 Mercedes-Benz SL-Class insurance. The most important thing to understand is the more quotes you get, the higher your chance of finding lower rates. Consumers may even find the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.

Affordable insurance can be purchased from both online companies and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.

As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. There have been many cases where an insured dropped collision coverage to discover at claim time that the small savings ended up costing them much more. Your focus should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

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