How Much Does 2014 Mercedes-Benz SL-Class Insurance Cost?

Finding the lowest price for insurance can be difficult if you’ve never compared online quoting. But don’t let that discourage you because online price shopping is actually quite simple.

Smart consumers take time to check insurance prices once or twice a year because rates are adjusted regularly by insurance companies. Just because you had the lowest price for SL-Class coverage on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to find out the easiest way to get good coverage at a lower rate.

Discounts on 2014 Mercedes-Benz SL-Class insurance

Car insurance is not cheap, but there are discounts available to help bring down the price. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be specially asked for prior to receiving the credit.

  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • Resident Student – Any of your kids who are attending college and do not have access to a covered vehicle can receive lower rates.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education in school.
  • Discount for Swiching Early – Some companies give discounts for switching policies before your current policy expires. The savings is around 10%.
  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% for SL-Class coverage with a few insurance coverage companies.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower premiums.
  • Multi-car Discount – Having more than one vehicle on one policy could earn a price break for each car.
  • Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for SL-Class coverage than drivers with accident claims.
  • Club Memberships – Participating in a qualifying organization could qualify you for a break on insurance coverage for SL-Class coverage.

It’s important to understand that most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as medical payments or collision. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way. But any discount will bring down the amount you have to pay.

Insurance companies that possibly offer some of the above discounts are:

It’s a good idea to ask every prospective company which discounts they offer. Savings may not apply in your area.

Why your Mercedes-Benz SL-Class might be costing you more

An important part of buying insurance is that you know some of the elements that go into determining your auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with better auto insurance rates.

  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores get lower rates. These vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your Mercedes-Benz SL-Class earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • With age comes lower rates – Youthful drivers have a tendency to be less responsible in a vehicle so they pay higher auto insurance rates. Mature drivers tend to be more responsible, statistically cause fewer accidents and receive fewer citations.
  • Do you know you’re credit rating? – Credit history is a huge factor in determining your rates. Therefore, if your credit rating is not that good, you could potentially save money when insuring your 2014 Mercedes-Benz SL-Class by repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower credit scores.
  • Your car’s features help determine rates – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your car from being stolen.

Tailor your coverage to you

When buying coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

These are some specific questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • How much liability coverage do I need in my state?
  • When should I remove comp and collision on my 2014 Mercedes-Benz SL-Class?
  • Can I get a multi-policy discount?
  • How can I find cheaper teen driver insurance?
  • What is roadside assistance coverage?
  • Do I need higher collision deductibles?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Car insurance 101

Understanding the coverages of a insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for bills for things like dental work, prosthetic devices, ambulance fees and nursing services. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Mercedes-Benz SL-Class.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability auto insurance

This coverage will cover damage that occurs to a person or their property in an accident. It protects YOU from claims by other people, 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 commonly see values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like medical services, pain and suffering, legal defense fees and medical expenses. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with a tree, hitting a mailbox and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance covers 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 claims such as rock chips in glass, vandalism, hail damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Buy online or local, you save

We’ve covered many ways to get a better price on 2014 Mercedes-Benz SL-Class insurance. The key thing to remember is the more you quote, the better your comparison will be. Consumers may even find the best price on insurance coverage is with the smaller companies.

The cheapest insurance is definitely available on the web as well as from independent agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies don’t offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

When shopping online for insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where an insured cut comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage at a price you can afford.

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