How Much Does 2012 Mercedes-Benz SL-Class Insurance Cost?

Looking for lower auto insurance rates for your Mercedes-Benz SL-Class? Are you overwhelmed by the dozens of auto insurance choices? You have a lot of company. There are so many options available that it can turn into a big hassle to locate the lowest price.

Which Auto Insurance is Cheapest?

All major auto insurance companies like State Farm, GEICO and Progressive provide coverage prices on the web. Getting online quotes doesn’t take a lot of time as you just type in your coverage preferences as detailed in the form. Once you submit the form, the company’s rating system gets credit information and your driving record and generates a price based on these factors.

This streamlines rate comparisons, but the time it takes to visit multiple sites and fill out multiple forms is monotonous and tiresome. But it’s absolutely necessary to perform this step in order to find lower prices.

There is an easier way!

The smarter way to find cheaper rates uses one simple form that analyzes rates from several companies at one time. This type of form saves time, eliminates form submissions, and makes online price comparison much easier. Immediately after submitting the form, your coverage is rated with multiple companies and you can pick your choice of the quotes returned. If the quotes result in lower rates, you can simply submit the application and buy the policy. The entire process takes just a few minutes to complete and you will know how your current rates stack up.

To find out if lower rates are available, simply click here to open in new window and fill out the form. If you have your current policy handy, we recommend you enter your coverages identical to your current policy. This guarantees you are getting rate quotes using the same coverage and limits.

These discounts can slash car insurance rates

Companies offering auto insurance do not list all available discounts very clearly, so here is a list some of the best known as well as the least known discounts you could be receiving.

  • Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more for SL-Class coverage than drivers with accident claims.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy could earn a price break for each car.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of at least 10% off all policies.
  • Club Memberships – Being a member of a qualifying organization could trigger savings on your policy for SL-Class coverage.
  • Distant Student – Kids in college living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.

It’s important to understand that most of the big mark downs will not be given to all coverage premiums. Most only cut the cost of specific coverages such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way.

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

When might I need the advice of an agent?

When it comes to buying coverage, there really is no single plan that fits everyone. Everyone’s needs are different.

Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • Should I bundle my homeowners policy with my auto?
  • How much liability coverage do I need in my state?
  • Do I need PIP coverage since I have good health insurance?
  • Is business equipment covered while in my vehicle?
  • How do I insure my teen driver?
  • Is my trailer covered?
  • Should I get collision insurance on every vehicle?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Why your Mercedes-Benz SL-Class insurance rates may be high

It’s important that you understand the factors that go into determining your auto insurance rates. Knowing what determines base rates empowers consumers to make smart changes that can help you get lower auto insurance prices.

  • Never allow your policy to lapse – Not having insurance can get your license suspended and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a license revocation or jail time.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Where you live – Being located in small towns and rural areas is a positive aspect when it comes to auto insurance. Less people living in that area means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers who live in large cities have to deal with more traffic problems and much longer commute distances. More time on the road means more change of being in an accident.
  • How many coverages with the same company – Many companies provide better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare rates to ensure the best deal.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage is the coverage that protects you when you are found to be at fault for personal injury or accident damage. It 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 skimp.
  • Car features impact rates – Purchasing a vehicle with an alarm system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
  • Credit scores impact auto insurance rates – A driver’s credit score is a large factor in your rate calculation. So if your credit history is lower than you’d like, you could potentially save money when insuring your 2012 Mercedes-Benz SL-Class by repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with poor credit.

Car insurance 101

Having a good grasp of auto insurance aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Coverage for medical payments

Med pay and PIP coverage pay for bills for surgery, ambulance fees, rehabilitation expenses, hospital visits and doctor visits. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision insurance covers damage to your SL-Class from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with a tree, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

This coverage will pay to fix 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 can pay for things such as fire damage, a broken windshield, hail damage and hitting a deer. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mercedes-Benz SL-Class.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Liability insurance

This coverage provides protection from injuries or damage you cause to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for 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 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as medical services, legal defense fees, structural damage and funeral expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

And the best car insurance company is…

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to get the best coverage possible for the lowest price.

Consumers switch companies for any number of reasons including not issuing a premium refund, lack of trust in their agent, delays in responding to claim requests and even high rates after DUI convictions. Regardless of your reason for switching companies, choosing a new company can be easier than you think.

Budget-conscious 2012 Mercedes-Benz SL-Class insurance is available from both online companies in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. Some companies do not provide online quoting and most of the time these small insurance companies sell through independent agents.

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