How Much Does 1995 Mercedes-Benz SL-Class Insurance Cost?

Consumers have many options when looking for the lowest priced Mercedes-Benz SL-Class insurance. You can either spend your time contacting agents to get rate comparisons or utilize the internet to make rate comparisons.

There is a right way and a wrong way to buy insurance so you’re going to learn the quickest way to compare rates for a new or used Mercedes-Benz and obtain the lowest possible price.

It’s a great practice to check insurance prices at least once a year because rates are rarely the same from one policy term to another. If you had the best deal on SL-Class insurance a few years ago a different company probably has better rates today. So just ignore everything you know about insurance because you’re going to get a crash course in the proper way to find better rates and still maintain coverage.

How to Lower Your Insurance Cost

There are a lot of ways to shop for insurance, but one way is easier and takes less work. You can spend your afternoon talking to agents in your area, or you can stay home and use online quoting to get rate comparisons in just a few minutes.

Many of the larger companies participate in a marketplace where prospective buyers enter their coverage request one time, and every company can provide price quotes determined by their information. This eliminates the need for quote requests to each individual insurance company.

To enter your information into the quoting system, click here (opens in new window).

The one downside to getting quotes like this is you cannot specify which insurance companies to receive prices from. If you wish to select from a list of companies for rate comparison, we have a page of insurance companies in your area. View list of insurance companies.

However you get your quotes, make sure you use exactly the same coverages for every company. If you compare different deductibles it’s not possible to truly determine the lowest rate.

More discounts equal less premium

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that you may not know about. A few discounts will automatically apply when you get a quote, but a few need to be asked for before you will receive the discount. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • No Charge for an Accident – A few companies allow you one accident without raising rates if your claims history is clear for a certain period of time.
  • Homeowners Pay Less – Being a homeowner may trigger a auto insurance policy discount because maintaining a house is proof that your finances are in order.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on SL-Class insurance than less cautious drivers.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy online.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same auto insurance policy can get a discount on all vehicles.
  • Accident Free – Drivers with accident-free driving histories can save substantially compared to drivers who are more careless.
  • Club Memberships – Participating in a qualifying organization may earn a discount when buying auto insurance on SL-Class insurance.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.

Drivers should understand that some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you can get free auto insurance, you won’t be that lucky. But all discounts will help reduce your premiums.

Companies that may offer these benefits may include but are not limited to:

Before buying, ask all companies you are considering what discounts are available to you. Discounts may not be available in your state.

Elements that influence Mercedes-Benz SL-Class insurance rates

It’s important that you understand the factors that come into play when calculating auto insurance rates. Having a good understanding of what determines base rates helps enable you to make changes that will entitle you to big savings.

The list below includes a partial list of the pieces that factor into prices.

  • Liability coverage is peace of mind – The liability section of your policy is the protection if ever you are found liable for damages caused by your negligence. It will provide legal defense coverage starting from day one. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.
  • Battle of the sexes – Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Both sexes tend to get into accidents at a similar rate, but men have costlier accidents. Men also get cited for more serious violations like reckless driving and DUI. Male drivers age 16 to 19 are most likely to cause an accident and therefore are the most expensive to insure.
  • Mature drivers pay less – Older insureds are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel. Teen drivers are statistically proven to get distracted easily when behind the wheel therefore auto insurance rates are much higher.
  • Bad driving skills means higher rates – Even a single speeding ticket can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance than bad drivers. Drivers who get serious violations such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • A lapse in coverage is a bad thing – Driving without insurance can get your license suspended and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, but not being able to provide proof of insurance can result in a license revocation or jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Rate your vehicle for proper use – The more miles you rack up on your Mercedes-Benz in a year’s time the higher your rate. Most companies apply a rate determined by how the vehicle is used. Vehicles that are left in the garage qualify for better rates compared to those used for work or business. Verify your auto insurance policy properly reflects how each vehicle is driven. If your policy improperly rates your SL-Class can result in significantly higher rates.
  • Safer cars are cheaper to insure – Vehicles with good safety scores get lower rates. These vehicles result in less severe injuries and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Mercedes-Benz SL-Class has ratings of a minimum four stars on you are probably receiving a discount.

It’s not one size fits all

When buying adequate coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different.

For example, these questions can help discover whether or not you would benefit from professional advice.

  • Is my state a no-fault state?
  • Why am I required to get a high-risk car insurance policy?
  • When can my company non-renew my policy?
  • What if I don’t agree with a claim settlement offer?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does having multiple vehicles earn me a discount?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Car insurance 101

Understanding the coverages of auto insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Collision protection

This will pay to fix damage to your SL-Class from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a mailbox, sustaining damage from a pot hole, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Mercedes-Benz SL-Class.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from getting keyed, a tree branch falling on your vehicle and a broken windshield. The most your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense insurance

Med pay and PIP coverage reimburse you for bills like prosthetic devices, nursing services and funeral costs. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Liability insurance

Liability insurance can cover damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as legal defense fees, medical services and attorney fees. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

Feed the piggy bank

In this article, we covered some good ideas how you can save on 1995 Mercedes-Benz SL-Class insurance. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with an unexpected company.

People switch companies for many reasons like high prices, delays in paying claims, extreme rates for teen drivers or even policy cancellation. It doesn’t matter what your reason, finding the right auto insurance provider is actually quite simple.

Lower-priced insurance is possible online in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some auto insurance companies do not provide online quoting and these small insurance companies work with independent agents.

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