2011 Mercedes-Benz SLS AMG Insurance Quotes

High-priced Mercedes-Benz SLS AMG insurance can bleed your bank account and maybe even restrict other spending. Companies like State Farm and Geico all claim big savings, bombarding you with ads and it is challenging if not impossible to see through the deception and take the time to shop coverage around.

It is always a good idea to shop coverage around periodically because auto insurance prices trend upward over time. Just because you found the lowest rates for SLS AMG insurance a few years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to how to use online quotes to find great coverage at a great price.

If you have a policy now or are just looking to switch companies, you can use this information to cut your premiums and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers just need to understand the most efficient way to get comparison quotes on the web.

Drivers can save with these discounts

Companies don’t always publicize the complete list of policy discounts very well, so the list below details some of the best known as well as some of the hidden savings tricks you should be using when you buy car insurance online.

• Paperless Signup – Some insurance companies provide a small discount shop car insurance on the web.
• Professional Organizations – Affiliation with specific professional or occupational memberships or organizations is a simple method to lower premiums on your bill.
• Early Switch Discount – Some larger companies provide a discount for signing up before your current policy expires. You could save around 10% when you buy car insurance online.
• Driver Training Discounts – Taking a course teaching defensive driving skills may get you a small discount if your company offers it.
• Anti-lock Brake Discount – Vehicles equipped with ABS or steering control have fewer accidents and qualify for as much as a 10% discount.
• Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts of 25 to 30%.

As a sidenote, most discounts do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way.

A few companies that may have these benefits include:

• Geico
• USAA
• Progressive
• American Family
• Esurance
• Farmers Insurance
• State Farm

Before purchasing a policy, check with all companies you are considering which discounts they offer. Discounts might not be available to policyholders in your area.

Lower the price of auto insurance with these tips

An important part of buying insurance is that you know the factors that help calculate your premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that can earn you lower rates. Multiple criteria are part of the equation when premium rates are determined. Some are pretty understandable such as traffic violations, but other criteria are not quite as obvious such as your marital status or your vehicle rating.

The following are a few of the “ingredients” companies use to determine your rates.

• Save money with GPS tracking and theft deterrents – Selecting a car model with a theft deterrent system can get you a discount on your auto insurance. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms all aid in stopping vehicle theft.
• Consider raising coverage deductibles – Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your vehicle. A few examples of covered claims are collision with another vehicle, damage caused by hail, and windstorm damage. The deductibles define the amount you are willing to pay if a claim is determined to be covered. The higher the amount you pay before a claim is paid (deductible), the bigger discount you will receive for SLS AMG insurance.
• Extra policy coverages can cost a lot – There are quite a few extra add-on coverages that can waste your money if you aren’t careful. Things like vanishing deductibles, high-cost glass coverage, and term life insurance are examples of these. You may think they are a good idea initially, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
• Cheaper rates with safer cars – Cars with five star safety ratings are cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and better occupant protection means your insurance company pays less passed on to you as lower rates.
• Youthful drivers pay higher rates – Drivers with little experience have been known to be inattentive and easily distracted when driving so they pay higher auto insurance rates. Older insureds are more cautious drivers, cause fewer claims and accidents , and usually have better credit.
• Big city or small town – Residing in less populated areas of the country is a good thing when talking about auto insurance. Less people living in that area means reduced accidents and also fewer theft and vandalism claims. People who live in big cities have more traffic problems and much longer commute distances. More time on the road means more chances of being involved in an auto accident.
• Save money by staying claim free – If you’re an insured who likes to file claims you can definitely plan on higher rates. Insurance companies generally give lower rates to policyholders who do not rely on their insurance for small claims. Auto insurance is designed for larger claims.

Special considerations

When it comes to buying the best auto insurance coverage, there really is not a cookie cutter policy. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that may help you determine if you might need an agent’s assistance.

• Should I have a commercial auto policy?
• Is extra glass coverage worth it?
• Do I need more liability coverage?
• Is upholstery damage covered by car insurance?
• Am I insured when driving a different vehicle?
• If my pet gets injured in an accident are they covered?
• Where can I find DUI or SR-22 insurance?
• Can I afford to buy a different vehicle if my 2011 Mercedes-Benz SLS AMG is totaled?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Insurance advertising tricks

Consumers can’t escape the ads that claim the lowest premium rates by companies like Allstate and Progressive. All the ads advertise claims that you’ll save big just by switching to them.

It sounds good, but how can they all give you a better price? This is how they do it.

All the different companies have underwriting criteria for the type of insured that earns them the most money. A good example of a profitable customer might be married and over the age of 30, has no driving citations, and has a short commute. Any customer that meets those criteria receives the best car insurance rates and will save when they switch companies.

People who fall short of these standards will probably be forced to pay a more expensive rate which leads to the customer not purchasing. If you pay close attention to the ads, they say “customers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s why insurance companies can state the savings.

Because of this risk profiling, it is so important to compare price quotes frequently. It is impossible to predict which company will provide you with the cheapest rates.

Specific coverage details

Learning about specific coverages of your insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on most insurance policies.

Collision coverage – Collision insurance will pay to fix damage to your SLS AMG resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a parking meter, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Coverage for liability – This coverage can cover damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims like court costs, legal defense fees, medical expenses and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Comprehensive coverage (or Other than Collision) – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, damage from flooding, damage from getting keyed, vandalism and theft. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for immediate expenses such as surgery, ambulance fees and nursing services. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz SLS AMG.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Quote often and quote early

While you’re price shopping online, it’s not a good idea to reduce coverage to reduce premium. In too many instances, consumers will sacrifice physical damage coverage only to regret they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

We just presented a lot of ways to save on 2011 Mercedes-Benz SLS AMG insurance. It’s most important to understand that the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest rates are with a lesser-known regional company. They can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.

More articles

• Where can I buy Insurance? (Insurance Information Insitute)
• What Does No-Fault Insurance Cover? (Allstate)
• Drunk Driving Statistics (Insurance Information Insitute)
• Rollover Crash FAQ (iihs.org)