Lower Your 2005 Mercedes-Benz SL-Class Insurance Rates

Searching for the cheapest car insurance rates for your Mercedes-Benz SL-Class? Are you tired of robbing Peter to pay Paul to pay your car insurance bill each month? You’re in the same situation as millions of other consumers. Insurance companies such as State Farm, Progressive and GEICO constantly bombard you with ads and consumers find it hard to sift through the bull and find the best price available.

It’s important to take a look at other company’s rates before your policy renews because insurance rates go up and down regularly. If you had the best price for SL-Class coverage six months ago there is a good chance you can find better rates now. Ignore everything you know about car insurance because you’re about to learn one of the best ways to buy cheaper car insurance.

Your Mercedes-Benz SL-Class insurance rate is a complex equation

Smart consumers have a good feel for the different types of things that go into determining your insurance coverage rates. When you know what positively or negatively influences your rates allows you to make educated decisions that will entitle you to better insurance coverage rates.

  • Adjust deductibles and save – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Mercedes-Benz. A few examples of covered claims would be colliding with a building, damage caused by hail, or theft. Deductibles for physical damage are how much you are required to spend before a claim is paid by your company. The more expense you have to pay, the lower your rates will be for SL-Class coverage.
  • Do you qualify for a multi-policy discount? – Most companies will give a discount to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible.
  • Where you live is a factor – Living in a small town can save you money when it comes to insurance coverage. Drivers in populated areas tend to have traffic congestion and much longer commute distances. Lower population means fewer accidents and a lower car theft rate.
  • Liability coverage protects you – The liability section of your policy provides coverage when you are found liable for damages from an accident. Liability insurance provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.
  • Do you have a high stress job? – Did you know your job can affect your rates? Careers like real estate brokers, business owners and financial analysts are shown to have higher average rates attributed to stressful work requirements and lengthy work days. Conversely, professions such as scientists, engineers and performers pay the least for SL-Class coverage.
  • Don’t let your coverage lapse – Letting your insurance expire is a fast way to trigger a rate increase. And not only will insurance be more expensive, but being ticketed for driving with no insurance will get you a hefty fine and possibly a revoked license.
  • How’s your driving record? – Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Just one ticket can bump up the cost twenty percent or more. Drivers who have serious citations such as DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
  • Discounts for married couples – Having a spouse can actually save you money when buying insurance coverage. It means you’re more mature and it’s proven that being married results in fewer claims.

The quickest way to compare insurance rates from multiple companies utilizes the fact most insurance companies have advanced systems to give rate comparisons. The one thing you need to do is provide information including if it has an anti-theft system, how many miles driven, whether the vehicles are used for commuting, and your occupation. Your insurance information is automatically sent to many of the top insurers and they provide comparison quotes almost instantly.

To start a rate quote now, click here and enter your zip code.

How can State Farm, GEICO and Progressive save drivers who switch?

Consumers can’t get away from ads for the lowest price auto insurance from companies such as State Farm, GEICO and Progressive. All the ads have a common claim that you’ll save big if you move your policy.

But how can every company claim to save you money? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of driver that earns them a profit. An example of a preferred risk could possibly be over the age of 50, a clean driving record, and chooses high deductibles. A customer who matches those parameters will get very good rates and as a result will probably cut their rates substantially.

Potential customers who don’t meet this ideal profile will be quoted higher rates and ends up with business going elsewhere. The ads say “drivers who switch” not “everybody who quotes” save money. This is how insurance companies can make those claims.

This emphasizes why you need to compare many company’s rates. It’s impossible to know which company will provide you with the cheapest Mercedes-Benz SL-Class insurance rates.

Discounts mean cheaper 2005 Mercedes-Benz SL-Class insurance rates

Properly insuring your vehicles can get expensive, but you can get discounts that you may not even be aware of. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be asked for before you get the savings. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • Passive Restraint Discount – Vehicles equipped with air bags can qualify for discounts of up to 25% or more.
  • Student in College – Children living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • No Claims – Drivers who don’t have accidents can earn big discounts as compared to bad drivers.
  • E-sign – Some insurance companies will give a small break for buying your policy digitally online.
  • Senior Discount – Older drivers can possibly qualify for a discount up to 10% for SL-Class coverage.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for SL-Class coverage than less cautious drivers.

It’s important to note that some credits don’t apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way. Any qualifying discounts will help reduce your overall premium however.

For a list of insurance companies offering insurance coverage discounts, click here.

Tailor your coverage to you

When it comes to buying the best car insurance coverage for your personal vehicles, there really is no perfect coverage plan. Each situation is unique so your insurance should reflect that For example, these questions can aid in determining whether or not you will benefit from professional help.

  • Am I covered if I hit my neighbor’s mailbox?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is my ex-spouse still covered by my policy?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Car insurance coverages for a Mercedes-Benz SL-Class

Having a good grasp of car insurance aids in choosing which coverages you need and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types available from car insurance companies.

Comprehensive coverages

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, a broken windshield and rock chips in glass. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Mercedes-Benz SL-Class.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like X-ray expenses, EMT expenses, nursing services and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision insurance covers damage to your SL-Class from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with another moving vehicle, hitting a mailbox, damaging your car on a curb and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on people or other property. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as pain and suffering, loss of income, repair bills for other people’s vehicles, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Saving money is sweet as honey

When you buy insurance online, it’s a bad idea to skimp on coverage in order to save money. There are too many instances where an accident victim reduced liability limits or collision coverage only to regret at claim time that it was a big error on their part. The aim is to buy the best coverage you can find for the lowest price.

Budget-conscious 2005 Mercedes-Benz SL-Class insurance is definitely available both online as well as from independent agents, and you need to price shop both to have the best selection. Some insurance companies don’t offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

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