2007 Mercedes-Benz SL-Class Car Insurance Quotes

Consumers have lots of choices when looking for the best price on Mercedes-Benz SL-Class insurance. You can either waste hours contacting agents trying to get quotes or save time using the internet to find the lowest rates. There is a right way and a wrong way to find insurance online so you’re going to learn the quickest way to compare rates for your Mercedes-Benz and locate the cheapest rates.

It’s a great practice to check insurance prices yearly because prices trend upward over time. Just because you found the lowest rate on SL-Class insurance a year ago you can probably find a better premium rate now. There are a lot of ways to save on insurance out there, but I’m going to show you a lot of great tips on how to lower your insurance bill.

Get affordable car insurance rates with discounts

Not many people think insurance is cheap, but you might find some hidden discounts that can help lower your rates. Some trigger automatically when you get a quote, but lesser-known reductions have to be specially asked for before they will apply.

• Federal Government Employee – Having worked for a branch of the government can save as much as 8% on SL-Class insurance but check with your company.
• Military Deployment Discount – Having a family member in the military could qualify you for better rates.
• Drive Less and Save – Driving fewer miles could be rewarded with better premium rates on cars that stay parked.
• Discount for Swiching Early – Some insurance companies give discounts for switching companies before your current policy expires. You may see this discount when you get insurance coverage quotes online.
• Own a Home – Being a homeowner can get you a discount since home ownership is proof of financial responsibility.

You should keep in mind that most credits do not apply to the overall cost of the policy. Most cut individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Companies and their offered discounts are detailed below.

• Farm Bureau may offer discounts for renewal discount, safe driver, multi-vehicle, multi-policy, good student, and driver training.
• Liberty Mutual has discounts for new vehicle discount, hybrid vehicle, newly retired, multi-car, newly married, new move discount, and teen driver discount.
• State Farm discounts include good student, safe vehicle, Drive Safe & Save, multiple policy, and defensive driving training.
• Auto-Owners Insurance offers discounts including anti-theft, multiple vehicles, good student, paid in full, group or association, mature driver, and student away at school.
• Geico has savings for five-year accident-free, emergency military deployment, defensive driver, federal employee, air bags, and military active duty.
• SAFECO may include discounts for bundle discounts, teen safe driver, multi-car, safe driver, accident prevention training, anti-theft, and teen safety rewards.

When getting a coverage quote, ask all companies you are considering to give you their best rates. Depending on the company, some discounts may not apply in your state. If you would like to choose from a list of companies that can offer you the previously mentioned discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing the best auto insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions could help you determine if your situation may require specific advice.

• Is my ex-spouse still covered by my policy?
• When should I buy a commercial auto policy?
• Do I need PIP (personal injury protection) coverage in my state?
• Are my friends covered when driving my car?
• How do I file an SR-22 for a DUI in my state?
• Am I insured when driving a different vehicle?
• Does my liability insurance cover pulling a trailer or camper?
• Does my personal policy cover me when driving out-of-state?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Brand name doesn’t guarantee savings

Consumers can’t avoid all the ads for cheaper car insurance by companies like State Farm, Geico and Progressive. They all tend to make the same promise that you’ll save big if you change your policy.

How is it possible that every company can give you a better price? Here is how they do it.

Companies provide the lowest rates for the type of driver that will add to their bottom line. For instance, a driver they prefer could possibly be between the ages of 30 and 45, has never had a policy lapse, and has a high credit rating. Any new insured that matches those criteria receive the lowest rate quotes and will also save when switching.

Potential insureds who are not a match for those standards will probably be forced to pay higher premiums and this can result in business going elsewhere. If you pay attention, the ads say “customers that switch” not “all people who quote” save money. That is how insurance companies can make the claims of big savings. Because of this risk profiling, you absolutely need to compare many company’s premium rates. It’s not possible to predict which insurance companies will be your best fit.

Auto insurance coverage options for a Mercedes-Benz SL-Class

Having a good grasp of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Liability coverage

Liability insurance protects you from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for things like medical expenses, attorney fees and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 2007 Mercedes-Benz SL-Class.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Collision coverage protection

This pays for damage to your SL-Class caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, colliding with another moving vehicle, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, a tree branch falling on your vehicle, damage from a tornado or hurricane and hail damage. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as doctor visits, prosthetic devices, surgery and EMT expenses. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Cheaper insurance is a realistic goal

Drivers leave their current company for any number of reasons including high prices, lack of trust in their agent, policy non-renewal or not issuing a premium refund. Regardless of your reason, finding a new auto insurance company is pretty easy and you might even save some money in the process.

When getting insurance coverage quotes online, never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice physical damage coverage to discover at claim time that the small savings ended up costing them much more. Your goal is to buy the best coverage you can find at the best cost, but do not skimp to save money.

We just showed you many tips how you can shop for 2007 Mercedes-Benz SL-Class insurance online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. Drivers may discover the biggest savings come from a small local company.

Additional information

• Eight Auto Insurance Myths (Insurance Information Insitute)
• Anti-Lock Brake FAQ (iihs.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)