Cheap 2004 Mercedes-Benz SL-Class Insurance Cost

Looking for the cheapest car insurance rates for your Mercedes-Benz SL-Class? Sick and tired of being strong-armed to keep your car insured? Your situation is no different than the majority of other people.

Numerous insurance companies battle for your insurance dollar, so it can be very hard to choose a insurance company and uncover the absolute best rates possible.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using this information. Finding the best rates is easy if you know what you’re doing. Nevertheless, consumers must learn the way companies compete online and use this information to your advantage.

Compare quotes for auto insurance

Shopping for lower auto insurance rates can be a daunting task if you aren’t aware of the easiest way. You can waste a few hours (or days) discussing policy coverages with agents in your area, or you could save time and use online quotes to get rates in a matter of minutes.

Many companies participate in an industry program that enables customers to submit one quote, and each company can give them a price. This eliminates the need for quote forms for each company you want a rate for. To find out what other companies charge click here to open in new window.

The single downside to getting quotes like this is that consumers can’t choose which providers to receive prices from. So if you prefer to pick specific providers to request quotes from, we have assembled a list of auto insurance companies in your area. Click here to view list.

You can use whichever method you prefer to find lower rates, just be sure you’re using exactly the same quote data on every quote. If you use different limits and deductibles on each one you can’t possibly get a fair rate comparison. Just slight variations in insurance coverages or limits can mean a large discrepancy in price. And when price shopping your coverage, comparing all the rates in your area provides better odds of finding a better price.

Advertising and insurance

Popular insurance providers such as Geico, State Farm and Progressive seem to constantly run television, radio, and online ads. They all advertise the message that you’ll save big just by switching your insurance policy to them. Is it even possible that every company can sell you cheaper insurance coverage? This is the way they can do it.

Insurance companies require specific criteria for the type of driver that will most likely be profitable. One example of a desirable risk might be described as between the ages of 30 and 45, has no tickets, and drives less than 10,000 miles a year. A driver that meets those criteria receives the best premium rates and have a good chance to save when they switch companies.

Potential insureds who fall outside this ideal profile will probably have to pay a more expensive rate and this results in the customer buying from someone else. The ad wording is “customers that switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can confidently make those claims.

Because of this risk profiling, it is so important to compare price quotes frequently. It is impossible to guess which company will give you the biggest savings.

How you can control Mercedes-Benz SL-Class insurance rates

Many factors are taken into consideration when pricing auto insurance. A few of the factors are predictable such as traffic violations, but others are less apparent like your vehicle usage or how financially stable you are.

The list below includes some of the major factors insurance companies consider when setting your rates.

  • Pay more of a claim out-of-pocket – Deductibles for physical damage state the amount of money you are required to spend in the event of a claim. Coverage for physical damage, aka comp and collision, insures against damage to your car. Some instances where coverage would apply would be colliding with a stationary object, damage from fire, and damage from wind. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive for SL-Class coverage.
  • Insurance companies don’t like frequent insurance claims – If you are a frequent claim filer, you should expect much higher rates or policy non-renewal. Companies provide discounts to insureds who are not frequent claim filers. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.
  • Car plus home equals more savings – Lots of insurance companies apply a discount to customers that purchase more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even if you already get this discount, you still need to shop around to verify if the discount is saving money. You may still be able to find a better deal by splitting coverages up.
  • Do you work long hours in a demanding vocation? – Do you work in a high-stress field? Jobs like real estate brokers, architects and accountants generally pay higher premiums than the average policyholder due to stressful work requirements and incredibly demanding work hours. Other jobs like farmers, engineers and performers have the lowest average rates for SL-Class coverage.
  • Vehicle options can affect insurance rates – Selecting a car model with an alarm system can help lower your premiums. Systems that thwart theives such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your car from being stolen.

More discounts mean affordable premiums

Insuring your fleet can be pricey, but you might find some hidden discounts that can help lower your rates. Some discounts apply automatically when you purchase, but a few must be specially asked for prior to receiving the credit.

  • 55 and Retired – Older drivers can possibly qualify for better insurance coverage rates for SL-Class coverage.
  • Good Grades Discount – Getting good grades may save as much as 25% on a insurance quote. Many companies even apply the discount to college students well after school through age 25.
  • Defensive Driver – Completing a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • ABS Brakes – Cars and trucks with ABS and/or traction control can avoid accidents so you can save 10 percent or more.
  • Paperless Signup – A few larger online companies will discount your bill up to fifty bucks just for signing your application on your computer.

Don’t be shocked that most discount credits are not given to the entire cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, you aren’t that lucky.

Some of the insurance companies that may include many of the previously listed discounts possibly include:

If you need the cheapest insurance quotes, ask all the companies which discounts you may be entitled to. All car insurance discounts might not be offered on policies in your area. If you would like to choose from a list of companies with significant discounts, click here.

It’s not one size fits all

When choosing adequate coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions could help you determine whether you will benefit from professional help.

  • When should I drop full coverage on my 2004 Mercedes-Benz SL-Class?
  • Where can I find high-risk insurance?
  • What are the financial responsibility laws in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What should my uninsured motorist coverage limits be in my state?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I have coverage if my license is suspended?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Parts of your insurance policy

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. Insurance terms can be confusing and coverage can change by endorsement. These are the usual coverages available from insurance companies.

Comprehensive protection – This covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as falling objects, theft, damage from getting keyed and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are set the same as your liablity limits.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like hospital visits, rehabilitation expenses and dental work. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Auto liability – Liability insurance provides protection from damage that occurs to a person or their property. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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 liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as repair bills for other people’s vehicles, medical services, repair costs for stationary objects, medical expenses and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Collision – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like hitting a parking meter, driving through your garage door, sideswiping another vehicle and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Don’t throw your cash in the trash

When shopping online for insurance coverage, do not sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice liability coverage limits and learned later that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage at the best price while still protecting your assets.

Some insurance coverage companies do not provide rate quotes online and many times these smaller companies work with independent agents. Cheaper insurance coverage is attainable online and from local agencies, and you need to price shop both to have the best selection.

More information can be found at the links below

Comments About 2004 Mercedes-Benz SL-Class Insurance

  1. Emmanuel Briggs

    I live just to the south of Little Rock, Arkansas. I quoted with State Farm, Amica, and some I forget for my 2004 Mercedes-Benz SL-Class and saved just over $70 a year. My new agent seems to be really good. I used their website to get prices. Anyone else drop full coverage?

  2. Abbey Craft

    Is Allstate or Eastwood cheap in Bangor, ME?

  3. Miyoko Ware

    Just my two cents. Found cheapest coverage with Amica for my Mercedes-Benz and saved around $90 a year. Switched homeowners coverage too. Anyone else drop full coverage?

  4. Makeda Cummings

    Lots of good stuff here. I live just to the north of Jersey City, NJ. Got car insurance quotes with AAA, Nationwide, and Travelers for my SL-Class and I think I saved around $20 each month. Insured with Travelers before. BTW speeding tickets are not good. It’s still not cheap enough. Book value doesn’t justify full coverage anymore.

  5. Gennie Walsh

    Lots of useful info here. I live east of West Valley City, UT. Got free quotes online for a 2004 Mercedes-Benz SL-Class. Ended up at about $110 savings annually. Went with Progressive. Insured with 21st Century before. I think I’ll get rid of full coverage next time.

  6. Letty Estrada

    Nice info. Located in Portland, ME. Quoted with The General, AAA, Mercury, and a couple others for my SL-Class and saved $108 a year.

  7. Gustavo Goodwin

    I live just outside Fargo, ND. Got car insurance quotes from American Family, Mercury, and a few others for my 2004 Mercedes-Benz SL-Class and I’m now saving $15 a month. Just go online and compare their rates.

  8. Lorina Bauer

    Mine is so expensive. I live on the north side of Jersey City, NJ. Got car insurance rates from GEICO, AAA, Erie, and GMAC for my 2004 Mercedes-Benz SL-Class and I’m now saving $11 a month. Book value doesn’t justify full coverage anymore.

  9. Lida Odonnell

    I live just to the east of Warren, Michigan. Received prices from The General, Auto-Owners, Mercury, and a couple others for my 2004 Mercedes-Benz SL-Class and cut my rates about $80 a year. Moved home policy as well.

  10. Breanna Bird

    Does Progressive have low rates for teen drivers?

  11. Serafina Barrett

    I chose to switch to State Farm from AIG Insurance. I live in Charleston, SC. Left Sentry to switch. I have a teen driver too. Get lots of quotes to find the best rate.