1999 Mercedes-Benz SL-Class Insurance Cost

Finding a different company that has cheap auto insurance may seem to be difficult since most people haven’t used online quotes. But don’t throw in the towel because finding more affordable rates is easier than you think.

It’s important to get comparison quotes once or twice a year due to the fact that insurance prices tend to go up over time. Just because you had the best price on SL-Class insurance six months ago other companies may now be cheaper. There is a lot of wrong information about car insurance on the web, but in this article, you’re going to get a lot of great tips on how to put money back in your pocket.

Low cost car insurance

To get the cheapest auto insurance quotes, there a variety of ways to get quotes from many different insurance companies. The best method to find competitive 1999 Mercedes-Benz SL-Class insurance rates is to use the internet to compare rates. This can be done by using one of the methods below.

• Without a doubt, the easiest way consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This type of form keeps you from doing boring form submissions for every company. One quote request will return price quotes from many national carriers. It’s the fastest way to compare.
• A harder way to get comparison quotes is to take the time to go to the website for every company you want to comare and fill out their own quote form. For sake of this example, let’s say you want to compare rates from Progressive, Liberty Mutual and GMAC. To do that, you would have to go to each individual site to input your insurance information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.

You can choose any of those ways to find more affodable coverage, but do your best to use equivalent coverage data for each price quote. If your comparisons have mixed coverages then you won’t be able to determine the best price for your Mercedes-Benz SL-Class. Quoting even small variations in insurance coverages could throw off the whole comparison. Just keep in mind that quoting more will increase your chances of finding the best offered rates. Some regional insurers cannot provide quotes online, so it’s important to compare price quotes from them, too.

Advertising and insurance coverage

Companies like 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. They all make the point of big savings just by moving your policy. But how can every company save you money? You have to listen carefully.

Companies have specific criteria for the right customer that earns them the highest profit. One example of a preferred risk might have to be between the ages of 30 and 45, has never had a claim, and has excellent credit. Anybody that hits that “sweet spot” will probably get cheap premium rates and will most likely save some money.

Potential customers who don’t measure up to those criteria will get a more expensive rate and business going elsewhere. The ads say “customers that switch” not “all people who quote” can save as much as they claim. This is how companies can make the claims of big savings.

This illustrates why you really need to get a wide range of price quotes. It’s not possible to predict with any certainty which company will have the best prices at this point in time.

Why smart consumers pay less for Mercedes-Benz SL-Class insurance

The best way to find cheaper insurance is to take a look at the factors that help calculate your insurance rates. If you have some idea of what influences your rates, this allows you to make educated decisions that will entitle you to lower insurance prices. Lots of factors are part of the equation when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but others are not as apparent such as whether you are married or your commute time.

The itemized list below are a few of the “ingredients” used by companies to determine your premiums.

• Lower miles equals lower premium – The more miles you rack up on your Mercedes-Benz each year the more you will pay for insurance. The majority of insurers apply a rate partially by how you use the vehicle. Cars and trucks that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your policy states the proper vehicle usage. An incorrectly rated SL-Class is throwing money out the window.
• Don’t abuse insurance claims – If you are the type of insured that files lots of claims you should expect either higher rates or even cancellation. Insurance companies generally give discounts to people who are not frequent claim filers. Your insurance policy is meant to be used in the event of larger claims.
• Do you know you’re credit score? – Credit score will be a significant factor in determining what you pay. Insureds that have high credit ratings tend to be less risk to insure as compared to drivers with lower credit ratings. Therefore, if your credit rating is lower than you’d like, you could be paying less to insure your 1999 Mercedes-Benz SL-Class by improving your rating.
• Older drivers are lower risk – Older drivers are shown to be more cautious, tend to cause fewer accidents , and are generally more financially stable.Teen drivers are proven to be more careless when driving with friends and because of this, their insurance rates are much higher.
• Save by driving vehicles with better crash test results – Safer cars are cheaper to insure. These vehicles result in less severe injuries and any reduction in injury severity translates into savings for insurance companies and cheaper rates on your policy. If your Mercedes-Benz SL-Class is rated at least four stars on Safercar.gov it may cost less to insure.
• Are you male or female? – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men cause accidents in similar percentages, but the males cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations like DWI (DUI) or reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident so they pay the highest premiums.
• Eliminate unneeded extra policy coverages – Insurance policies have a lot of additional coverages that you can buy if you aren’t careful. Coverages like roadside assistance, accident forgiveness, and extra equipment coverage are probably not needed. The coverages may be enticing when you first buy your policy, but if you don’t need them get rid of them and save.

Affordable insurance rates with discounts

Companies don’t necessarily list every available discount very well, so we took the time to find both the well known as well as some of the hidden discounts you could be receiving when you buy auto insurance online.

• College Student – Youth drivers who live away from home at college and do not take a car to college may be able to be covered for less.
• Pay Upfront and Save – By making one initial payment instead of paying each month you can avoid monthly service charges.
• Discounts for New Vehicles – Putting coverage on a new car can be considerably cheaper because new vehicles are generally safer.
• Good Student – Maintaining excellent grades can earn a discount of 20% or more. Most companies allow this discount until age 25.
• Membership in Organizations – Belonging to qualifying clubs or civic groups could earn you a nice discount on your next renewal.
• Own a Home and Save – Simply owning a home can earn you a little savings because maintaining a house shows financial diligence.
• Anti-lock Brake Discount – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
• Anti-theft System – Anti-theft and alarm system equipped vehicles can help prevent theft and qualify for as much as a 10% discount.

While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. So even though you would think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

To find companies with discount insurance rates, click here.

Tailor your auto insurance coverage to you

When buying proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

For example, these questions may help highlight whether your personal situation will benefit from professional help.

• Does insurance cover tools stolen from my truck?
• Should I waive the damage coverage when renting a car?
• Are rental cars covered under my policy?
• Where can I find DUI or SR-22 insurance?
• Will my insurance pay for OEM parts?
• Does my 1999 Mercedes-Benz SL-Class qualify for pleasure use?
• Is my state a no-fault state?
• Am I covered when driving on a suspended license?
• Am I covered if I hit a deer?
• Can I afford low physical damage deductibles?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

Insurance coverage breakdown

Learning about specific coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Auto liability

This will cover damage that occurs to a person or their property in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for claims like medical services, funeral expenses and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Mercedes-Benz SL-Class.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, theft and damage from flooding. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for expenses such as doctor visits, rehabilitation expenses and pain medications. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

In the end, you save

Consumers leave their current company for many reasons like policy non-renewal, being labeled a high risk driver, an unsatisfactory settlement offer and denial of a claim. Regardless of your reason for switching companies, finding a great new company can be pretty painless.

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, someone dropped comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find at the best possible price.

Cheap 1999 Mercedes-Benz SL-Class insurance can be bought from both online companies as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers may not offer rate quotes online and most of the time these smaller providers only sell through independent insurance agents.

More resources

• Keeping Children Safe in Crashes Video (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)
• Top Signs Your Brakes are Giving Out (State Farm)
• Understanding your Policy (NAIC.org)