Lower Your 2008 Mercedes-Benz SL-Class Insurance Quotes

Expensive insurance coverage can empty your savings account and put the squeeze on your family’s finances. Comparing price quotes is free and is an excellent way to help make ends meet.

You have multiple auto insurance companies to purchase coverage from, and though it is a good thing to be able to choose, too many choices makes it more difficult to adequately compare rates.

Compare the Market for Insurance

The are a couple different ways to get quotes and find the best price. The recommended way to compare 2008 Mercedes-Benz SL-Class insurance prices is to use the internet to compare rates. This can be accomplished using a couple different methods.

  1. One of the best ways consumers can make multiple comparisons is a comparison rater form click to view form in new window. This form saves time by eliminating separate quotes for each company. One simple form gets you price quotes direct from many companies.
  2. A different way to compare prices is spending the time to visit each company’s website to request a price quote. For examples sake, we’ll pretend you want to compare Farmers, Esurance and American Family. To find out each rate you need to visit each site to enter your coverage information, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The most time-consuming method of comparing rate quotes is to waste gas driving to different agent offices. Buying insurance online can eliminate the need for a local agent unless you want the personal advice of a licensed agent. You can, however, get prices online and still use a local agent and we’ll talk about that later.

However you get your quotes, compare exactly the same quote information with each company. If you compare different values for each quote it will be next to impossible to make an equal comparison. Just a small difference in coverages may result in large price differences. And when comparison shopping, comparing a large number of companies helps you find better pricing.

Take advantage of discounts

Companies that sell car insurance don’t always advertise all their discounts very well, so here is a list some of the more common and the harder-to-find discounts you could be receiving.

  • Pay Upfront and Save – If you pay your bill all at once rather than paying monthly you could save up to 5%.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts can save up to 15% off your medical payments premium.
  • Good Student Discount – Performing well in school can save 20 to 25%. The discount lasts up until you turn 25.
  • Senior Citizens – If you qualify as a senior citizen, you may be able to get better auto insurance rates for SL-Class coverage.
  • Early Switch Discount – Select companies give a discount for switching policies prior to your current policy expiring. It’s a savings of about 10%.
  • Federal Employees – Simply working for the federal government could cut as much as 10% off for SL-Class coverage with a few auto insurance companies.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
  • Auto/Home Discount – When you have multiple policies with the same insurance company you will save up to 20% off your total premium.

Consumers should know that some of the credits will not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. So when it seems like you would end up receiving a 100% discount, auto insurance companies aren’t that generous.

To see a list of providers who offer auto insurance discounts, follow this link.

Why you might be paying too much to insure your Mercedes-Benz SL-Class

Smart consumers have a good feel for some of the elements that go into determining insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that will entitle you to lower insurance prices.

  • Don’t buy coverages you don’t need – There are quite a few additional coverages you can purchase on your insurance policy. Coverages like roadside assistance, better glass coverage and term life insurance are examples of these. They may seem like a good idea initially, but if they’re wasting money get rid of them and save.
  • Choose a safe vehicle and save – Safer cars can get you lower premiums. The safest vehicles protect occupants better and any reduction in injury severity means lower claim amounts and lower rates for you. If the Mercedes-Benz SL-Class scored better than four stars on Safercar.gov it is probably cheaper to insure.
  • High credit ratings translate to low rates – Having a bad credit rating is a huge factor in your rate calculation. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with lower ratings. So if your credit rating can use some improvement, you could be paying less to insure your 2008 Mercedes-Benz SL-Class by improving your rating.
  • Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
  • Liability insurance protects assets – Your policy’s liability coverage will protect you when you are found to be at fault for damages caused by your negligence. Liability insurance provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so do not cut corners here.

How to know if you need help

When it comes to choosing proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions may help you determine whether or not you might need an agent’s assistance.

  • Does my 2008 Mercedes-Benz SL-Class qualify for pleasure use?
  • When should my teen driver be added to my policy?
  • What exactly is covered by my policy?
  • How does medical payments coverage work?
  • Does my policy cover me when driving someone else’s vehicle?
  • What are the financial responsibility laws in my state?
  • If my 2008 Mercedes-Benz SL-Class is totaled, can I afford another vehicle?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Will I be non-renewed for getting a DUI or other conviction?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Specific coverages for a 2008 Mercedes-Benz SL-Class

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages available from auto insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage – This will pay to fix damage to your SL-Class resulting 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 insurance covers claims such as rolling your car, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Liability car insurance – This will cover damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims like legal defense fees, attorney fees, loss of income and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like X-ray expenses, dental work, pain medications, hospital visits and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as theft, hail damage, hitting a deer and fire damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

More quotes mean more savings

Discount 2008 Mercedes-Benz SL-Class insurance can be bought both online as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.

Throughout this article, we presented some good ideas how to save on insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers may even find the best prices are with the smaller companies. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

More detailed auto insurance information is available at these sites: