How Much Does 1998 Mercedes-Benz SL-Class Car Insurance Cost?

Trying to find the cheapest auto insurance rates for your Mercedes-Benz SL-Class? Finding cheap auto insurance could be frustrating for drivers new to buying insurance online. Since there are so many insurance companies available, it can quickly become a ton of work to locate the lowest price.

This information will help you learn the most effective way to quote insurance. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. But car owners must understand the methods companies use to compete online and use this information to your advantage.

Where can I get affordable insurance?

Many insurance companies allow you to get coverage price quotes online. The process is easy for anyone as all you need to do is type in the amount of coverage you want into a form. Once entered, the company’s rating system obtains your driving record and credit report and provides a quote.

Quoting online makes it simple to compare prices but the time required to go to different websites and fill out multiple forms is a big time waster. But it’s very important to compare as many rates as possible if you are searching for the lowest insurance rates.

A better way to find better insurance pricing is to use a quote form to get prices from a lot of companies. This type of form saves time, requires much less work on your part, and makes quoting online much easier to do. After sending the form, it gets priced with multiple companies and you can pick any or none of the price quotes you receive.

If a lower price is quoted, you can simply submit the application and purchase coverage. The entire process can be completed in less than 10 minutes and can result in significant savings.

In order to compare rates using this form now, click here and input your coverage information. If you currently have coverage, we recommend you copy the coverages as close as possible to your current policy. Doing this guarantees you will receive an apples-to-apples comparison using the exact same coverages.

Are insurance companies telling the truth?

Big name companies like State Farm and Allstate constantly bombard you with ads in print and on television. They all advertise claims of big savings if you change your coverage to them. It sounds good, but how can they all save you money? This is how they do it.

Companies quote their cheapest rates for the driver that will be a good risk. An example of a desirable risk might have to be between the ages of 30 and 50, has a clear driving record, and drives less than 5,000 miles a year. Anyone who fits that profile is entitled to the best price and will probably cut their rates substantially.

People who cannot meet these criteria may receive higher prices which leads to business going elsewhere. If you pay close attention to the ads, they say “people that switch” not “everyone who quotes” can get the lowest rates when switching. That’s why companies can truthfully make the claims of big savings.

This really emphasizes why you should compare as many free auto insurance quotes as you can. It’s just not possible to know which company will have the best prices at this point in time.

Lower your insurance premiums

An important part of buying insurance is that you know some of the things that help calculate your policy premiums. When you know what positively or negatively influences your rates, this empowers consumers to make smart changes that can earn you cheaper rates.

• You might have higher premiums if you are single – Your spouse may cut your premiums when shopping for car insurance. Having a significant other translates into being more mature and it’s proven that married couples file fewer claims.
• Higher car insurance rates for policy lapses – Driving your car without having proper coverage is a big no-no and car insurance companies will penalize you for letting your insurance lapse. Not only will rates go up, being ticketed for driving with no insurance may result in a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
• Lower comp and collision deductibles cost more – Your deductibles define the amount you are willing to pay if a claim is determined to be covered. Insurance for physical damage, aka comp and collision, insures against damage to your car. Some examples of claims that would be covered could be colliding with a stationary object, damage caused by hail, and having a roll-over accident. The larger the amount you choose to pay out-of-pocket, the less money you will pay for car insurance for SL-Class insurance.
• Women tend to be lower risk – The statistics show that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Women and men cause accidents in similar numbers, but men have costlier accidents. Men also statistically receive more major tickets like driving under the influence (DUI). Males from age 16 to 21 generally have the highest accident percentage and therefore have the most expensive car insurance rates.
• Keep car insurance claims to a minimum – If you file a lot of claims you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies generally give better rates to insureds that do not abuse their auto insurance. Auto insurance is intended for claims that you cannot pay yourself.
• Limits of liability protection – The liability coverage on your policy will provide protection when you are responsible for causing personal injury or damage in an accident. It provides legal defense coverage starting from day one. It is affordable coverage as compared to coverage for physical damage, so do not cut corners here.

Are you getting every discount?

Some insurance providers don’t always advertise every discount very clearly, so the next list breaks down both the well known in addition to some of the lesser obvious credits available to you.

• Paperwork-free – A handful of insurance coverage companies will give you a small discount simply for signing on your computer.
• Drive Less and Save – Driving fewer miles can earn lower insurance coveragerates on the low mileage vehicles.
• Multi-car Discount – Buying insurance for more than one vehicle on one policy can reduce rates for all insured vehicles.
• Claim Free – Drivers who stay claim-free pay much less as compared to insureds who have frequent claims or accidents.
• Seat Belts Save – Drivers who require all vehicle occupants to buckle up could cut 10% or more off the PIP or medical payment premium.
• Government Employee Discount – Simply working for the federal government can save as much as 8% for SL-Class insurance with select insurance companies.
• Professional Memberships – Joining qualifying employment or professional organizations could qualify you for a break on your next renewal.
• Waiver for an Accident – Not necessarily a discount, but some insurance companies will allow you to have one accident before hitting you with a surcharge if you have no claims for a set time period.

A little disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. So even though you would think it’s possible to get free car insurance, insurance companies wouldn’t stay in business. But all discounts will cut your policy premiums.

To choose insurance companies who offer free insurance coverage quotes, follow this link.

When in doubt talk to an agent

When buying adequate coverage for your vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining whether you may require specific advice.

• When should my teen driver be added to my policy?
• Am I covered if I drive in a foreign country?
• Should I have combined single limit or split liability limits?
• What can I do if my company denied a claim?
• Can I drive in Mexico and have coverage?
• Am I missing any policy discounts?
• Am I covered if I crash into my own garage door?
• Are my friends covered when driving my car?
• Should I carry comprehensive and collision coverage?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverages for a 1998 Mercedes-Benz SL-Class

Knowing the specifics of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement.

Collision coverages – Collision insurance will pay to fix damage to your SL-Class caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for hospital visits, chiropractic care, nursing services and surgery. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like falling objects, a broken windshield, rock chips in glass, damage from flooding and hitting a deer. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Mercedes-Benz SL-Class.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverage – This can cover injuries or damage you cause to a person or their property. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims such as repair costs for stationary objects, medical expenses, court costs and bail bonds. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Make an honest buck

Some insurance providers may not have internet price quotes and many times these small, regional companies sell through independent insurance agencies. Cost effective 1998 Mercedes-Benz SL-Class insurance can be bought both online and also from your neighborhood agents, so compare prices from both in order to have the best chance of saving money.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. There are too many instances where an insured cut physical damage coverage and discovered at claim time they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible at a price you can afford while still protecting your assets.

In this article, we presented many tips how you can compare 1998 Mercedes-Benz SL-Class insurance car insurance rates online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding low cost auto insurance. Consumers may even find the lowest priced insurance comes from a lesser-known regional company.

Additional detailed information can be read in these articles:

• Liability Insurance Coverage (Nationwide)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Vehicle Insurance in the U.S. (Wikipedia)
• Booster Seat Ratings (iihs.org)