2003 Mercedes-Benz SL-Class Insurance Rates – 8 Ways to Save

Searching for lower car insurance rates for your Mercedes-Benz SL-Class? Wish you could get a refund on an expensive car insurance policy? Trust us when we tell you many consumers are in the same pinch. Insurance companies such as Progressive, Geico and Farmers Insurance continually bombard you with TV and radio ads and it is difficult to avoid their marketing magic and find the best price available.

The easiest way to compare rates utilizes the fact auto insurance companies provide online access to compare their rates. To get started, all you need to do is give them rating details like if a SR-22 is needed, if it has an alarm system, how many miles driven, and whether you are single or married. That information is instantly sent to many different companies and you will get price comparisons immediately.

To start a rate quote now, click here and see if a lower rate is available.

You may qualify for discounts

Companies offering auto insurance don’t always publicize all their discounts very clearly, so we break down both the well known as well as some of the hidden credits available to you. If you are not receiving all the discounts you qualify for, you’re just leaving money on the table.

• Distant College Student Discount – Kids who attend college more than 100 miles from home and don’t have a car may qualify for this discount.
• ABS Brakes – Cars equipped with ABS or steering control can stop better under adverse conditions and therefore earn up to a 10% discount.
• Government Employee Discount – Active or former government employment could qualify for a slight premium decrease on SL-Class insurance but check with your company.
• Anti-theft System – Cars equipped with anti-theft or alarm systems have a lower chance of being stolen and therefore earn up to a 10% discount.
• Homeowners Discount – Owning a home can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.
• Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
• Professional Organizations – Belonging to a professional or civic organization can get you a small discount when shopping for car insurance.
• Telematics Data Discounts – Insureds that choose to allow companies to spy on when and where they use their vehicle through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they show good driving skills.

One thing to note about discounts is that most of the big mark downs will not be given the the whole policy. Most only cut individual premiums such as medical payments or collision. So even though it sounds like you could get a free car insurance policy, you won’t be that lucky.

Some companies that may offer most of the discounts above include:

• Geico
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

Before purchasing a policy, check with all companies you are considering which credits you are entitled to. Some of the earlier mentioned discounts might not apply in your area. To find companies with the best car insurance discounts, click here to view.

There’s no such thing as the perfect auto insurance policy

When buying proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Every situation is different so this has to be addressed. These are some specific questions could help you determine whether your personal situation might need professional guidance.

• Should I put collision coverage on all my vehicles?
• Am I covered by my spouse’s policy after a separation?
• When should my teen driver be added to my policy?
• Do I really need UM/UIM coverage?
• Am I covered when driving someone else’s vehicle?
• Why is insurance for a teen driver so high?
• Is my state a no-fault state?
• Does my insurance cover a custom paint job?

If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Can you really save if you switch?

Consumers can’t get away from ads that claim the lowest prices by State Farm, Geico and Progressive. All the companies make the same claim about how much you will save just by switching your policy.

But how can every company give you a lower rate? It’s all in the wording.

All the different companies quote their best rates for the type of driver they prefer to insure. One example of a profitable risk profile might be described as over the age of 45, has no claims, and has a high credit rating. A customer who matches that profile will get a cheap rate quote and will save a lot of money.

Insureds who do not meet this ideal profile must pay higher rates with the end result being business going elsewhere. Company advertisements say “drivers that switch” not “everybody who quotes” save that much when switching. This is how insurance companies can make those claims.

Different companies use different criteria so you need to get auto insurance quotes as often as possible. Because without a comparison, you cannot know the company that will have better prices than you’re paying now.

Insurance coverage basics

Having a good grasp of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverages offered by insurance companies.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, hail damage and falling objects. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability auto insurance – Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as attorney fees, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as scraping a guard rail, damaging your car on a curb, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for expenses for dental work, prosthetic devices, X-ray expenses, pain medications and chiropractic care. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Smart shoppers get results

Budget-conscious 2003 Mercedes-Benz SL-Class insurance is attainable both online in addition to many insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some companies may not have price quotes online and usually these regional carriers provide coverage only through independent agents.

You just learned a lot of ways to reduce 2003 Mercedes-Benz SL-Class insurance car insurance rates online. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable auto insurance. Consumers may even find the best price on insurance is with an unexpected company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or Geico.

More resources

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Understanding your Policy (NAIC.org)
• Things to Know Before you Cancel Insurance (Allstate)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Credit and Insurance Scores (Insurance Information Insitute)