Cheap 2008 Mercedes-Benz SL-Class Insurance Rates

Searching for better insurance coverage rates for your Mercedes-Benz SL-Class? Being forced to pay for pricey insurance coverage premiums can drain your budget and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances.

There are many insurance companies to choose from, and though it is a good thing to have a selection, it can be more difficult to find the best rates.

Choosing the best insurance company for you is easy if you know what you’re doing. Basically, every vehicle owner who has to buy insurance coverage most likely will be able to reduce their rates. Nevertheless, consumers must comprehend how big insurance companies price online insurance and take advantage of how the system works.

Buy auto insurance online

Comparing auto insurance rates is a ton of work if you don’t utilize the best way to get rate quotes. You can waste a lot of time talking to local insurance agents in your area, or you could use online quoting to get prices fast.

Most of the larger companies are enrolled in a marketplace that enables customers to send in one quote, and each participating company provides a quote based on that data. This system prevents you from having to do quote requests to each individual auto insurance company.

To access this free quoting program, click here to open in new window.

The one disadvantage to doing it this way is that consumers can’t choose which insurance companies you will receive quotes from. So if you want to select individual companies to receive pricing from, we have a listing of the cheapest auto insurance companies in your area. Click here to view list.

Whichever way you use, do your best to enter apples-to-apples coverage information on every price quote you get. If you compare different coverage information it’s impossible to find the best deal for your Mercedes-Benz SL-Class. Having just a slight variation in limits may result in a large different in cost. And when quoting auto insurance, remember that comparing more rates from different companies increases the change that you will find better pricing.

Discounts to earn lower-cost auto insurance rates

Auto insurance is not cheap nor is it fun to buy but there may be some discounts that can help lower your rates. Some discounts will apply when you purchase, but some need to be asked for prior to getting the savings.

  • Driver Education Discount – Require your teen driver to complete a driver education course as it can save substantially.
  • No Claim Discounts – Good drivers with no accidents get the best auto insurance rates as opposed to frequent claim filers.
  • Include Life Insurance and Save – Some insurance carriers give a small discount if you purchase life insurance from them.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less for SL-Class coverage compared to rates paid by drivers with frequent claims.
  • Government Employees – Having worked for a branch of the government could cut as much as 10% off for SL-Class coverage depending on your auto insurance provider.

As a sidenote, most discounts do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

The best auto insurance companies and a summarized list of policyholder discounts are shown below.

  • Progressive offers discounts for homeowner, online quote discount, multi-policy, good student, multi-vehicle, and online signing.
  • Farmers Insurance has savings for homeowner, good student, multi-car, switch companies, distant student, alternative fuel, and business and professional.
  • Farm Bureau may offer discounts for safe driver, multi-vehicle, 55 and retired, renewal discount, driver training, and youthful driver.
  • State Farm policyholders can earn discounts including defensive driving training, student away at school, Steer Clear safe driver discount, good driver, passive restraint, Drive Safe & Save, and driver’s education.
  • Geico may have discounts that include emergency military deployment, membership and employees, multi-vehicle, anti-theft, and anti-lock brakes.
  • SAFECO includes discounts for teen safe driver, multi-car, teen safety rewards, anti-theft, and safe driver.
  • Liberty Mutual has discounts for newly retired, multi-car, new vehicle discount, safety features, newly married, teen driver discount, and preferred payment discount.

Double check with every insurance company which discounts you qualify for. Depending on the company, some discounts may not be offered in your state. To find insurers with discount auto insurance rates, click this link.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions might point out if you might need an agent’s assistance.

  • Is my teenager covered with friends in the car?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Can my babysitter drive my car?
  • Am I covered when using my vehicle for business?
  • Am I covered when driving on a suspended license?
  • Am I covered by my spouse’s policy after a separation?
  • Does my car insurance cover rental cars?
  • Do I really need UM/UIM coverage?
  • What is the ISO rating for a 2008 Mercedes-Benz SL-Class?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

What insurance coverages do you need?

Having a good grasp of a insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.

Collision coverage protection

This coverage will pay to fix damage to your SL-Class resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with a tree, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, rock chips in glass, damage from a tornado or hurricane, fire damage and falling objects. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Mercedes-Benz SL-Class.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for immediate expenses for surgery, rehabilitation expenses and chiropractic care. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

Liability insurance can cover damage that occurs to people or other property by causing an accident. It protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things like attorney fees, repair costs for stationary objects, bail bonds and pain and suffering. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Comments About 2008 Mercedes-Benz SL-Class Insurance

  1. Mozelle Dale

    Cheap car insurance? What’s that? Located in Owensboro, KY. Got quotes from American Family, Mercury, and some smaller one I can’t remember the name of for my Mercedes-Benz and am saving around $540 a year. Left Amica to switch. Even increased coverage a bit. Get lots of quotes to find the best rate.

  2. Lisabeth Morris

    Will State Farm cancel if I have a claim?

  3. Jo Schneider

    Great info, thanks for posting. Found cheapest coverage with Mercury for my 2008 Mercedes-Benz SL-Class and saved about $300 a year.

  4. Corine Swanson

    I was with Hartford last year but switched to GEICO. I live on the north side of Reno, Nevada. I get multi-vehicle and multi-policy discounts. Hardly afford to drive anymore.

  5. Orval Cox

    I found pretty cheap rate quotes for a 2008 Mercedes-Benz SL-Class in Saint Paul, MN. Ended up at roughly $460 every six months with American Family. Ask about discounts.

  6. Deanna Williamson

    Here’s what I found out. I’m in the suburbs of Baton Rouge, LA. Got car insurance quotes from AIG Insurance, MetLife, and a few others for my 2008 Mercedes-Benz SL-Class and saved about $450 a year. Left Eastwood to switch. Moved home policy as well. It never hurts to quote around.

  7. Lyle Hays

    Does GEICO do SR22s in Virginia?