Cheap 2016 Mercedes-Benz SL-Class Car Insurance Rates

Want better car insurance rates for your Mercedes-Benz SL-Class? Getting affordable car insurance online might seem rather difficult for consumers who are new to online price comparisons. With more and more insurance companies available, how are consumers able to be able to compare every company to locate cheaper car insurance prices?

It’s smart to compare premium rates every six months because car insurance rates change frequently. Even if you got the lowest premium rates for SL-Class insurance at your last renewal you may be paying too much now. Forget all the misinformation about car insurance because you’re about to learn the best way to lower your rates without sacrificing coverage.

Insurance policy discounts

Insurance is not inexpensive, but you might already qualify for some discounts that you may not even know about. A few discounts will automatically apply when you complete an application, but once in a while a discount must be specially asked for before they will apply.

• Good Grades Discount – This discount can be rewarded with saving of up to 25%. The discount lasts until age 25.
• Pay Now and Pay Less – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
• Multi-car Discount – Buying a policy with primary and secondary vehicles with one company can get a discount for every vehicle.
• Telematics Data Discounts – Policyholders that allow their company to look at their driving habits by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they have good driving habits.
• Resident Student – Any of your kids who are enrolled in higher education away from home and do not take a car to college can be insured at a reduced rate.
• Discounts for Safe Drivers – Accident-free drivers can save up to 40% or more on their auto insurance quote for SL-Class insurance than drivers with accidents.
• Government Employee Discount – Active or retired federal employment could provide a small rate reduction for SL-Class insurance with a few insurance companies.
• Theft Deterent Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more.
• Driver Safety – Successfully completing a defensive driving course can save you 5% or more and easily pay for the cost of the class.
• Safety Restraint Discount – Requiring all passengers to buckle up may be able to save a few bucks off the personal injury premium cost.

As is typical with insurance, many deductions do not apply to all coverage premiums. Most only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like you could get a free insurance policy, it just doesn’t work that way. But any discount will help lower the cost of coverage.

Companies and their possible discounts can be found below.

• Geico has discounts for air bags, good student, driver training, emergency military deployment, and multi-vehicle.
• Auto-Owners Insurance offers discounts for anti-lock brakes, group or association, good student, safe vehicle, paid in full, and air bags.
• American Family offers premium reductions for bundled insurance, good driver, early bird, defensive driver, TimeAway discount, and multi-vehicle.
• Esurance has savings for Switch & Save, Pac-12 alumni, homeowner, anti-theft, online quote, good driver, and defensive driver.
• Progressive may have discounts that include homeowner, multi-policy, online signing, multi-vehicle, continuous coverage, good student, and online quote discount.
• State Farm includes discounts for anti-theft, accident-free, passive restraint, student away at school, multiple autos, and Steer Clear safe driver discount.
• AAA may offer discounts for AAA membership discount, education and occupation, multi-policy, good student, good driver, anti-theft, and multi-car.

Before buying, ask every company which credits you are entitled to. Some discounts listed above might not be offered on policies in your area. To see a list of providers that offer many of these discounts, follow this link.

How do I know if I need professional advice?

When buying coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining whether you would benefit from an agent’s advice.

• Do I have coverage if my license is suspended?
• Does my insurance cover my expensive audio equipment?
• Is upholstery damage covered by car insurance?
• Am I covered when driving a rental car?
• Does my policy cover my teen driver if they drive my company car?
• Do I pay less if my vehicle is kept in my garage?
• Can I afford low physical damage deductibles?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Beware of misleading car insurance ads

Respected companies like Allstate, Geico and Progressive constantly bombard you with ads in print and on television. They all seem to make the promise about how much you will save if you switch to them. How is it possible that every company can charge you less for auto insurance? It’s all in the numbers.

Different companies can use profiling for the type of driver that makes them money. A good example of a driver they prefer might be between 30 and 50, has no driving citations, and has great credit. Someone that matches those criteria will most likely get cheap prices and therefore will cut their rates if they switch.

Insureds who do not fit these stringent criteria may be required to pay higher premiums which translates to the customer not purchasing. The trick is to say “people who switch” not “everyone that quotes” can get the lowest rates when switching. That’s why insurance companies can advertise the savings. Because of these techniques, drivers should do a rate comparison at every renewal. It’s not possible to predict which insurance companies will provide you with the cheapest auto insurance rates.

Coverages available on your policy

Having a good grasp of your policy can be of help when determining the best coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Liability

Liability coverage can cover damage or injury you incur to people or other property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like loss of income, bail bonds, court costs, medical services and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz SL-Class.

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

Comprehensive or Other Than Collision

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a broken windshield, fire damage, damage from getting keyed, damage from a tornado or hurricane and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for nursing services, rehabilitation expenses, doctor visits, surgery and prosthetic devices. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Collision protection

Collision coverage pays for damage to your SL-Class resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like damaging your car on a curb, colliding with a tree, colliding with another moving vehicle, hitting a mailbox and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

A little work can save a LOT of money

In this article, we presented a lot of information how to save on 2016 Mercedes-Benz SL-Class insurance. The key thing to remember is the more companies you get premium rates for, the better likelihood of getting cheap auto insurance. Drivers may discover the best price on car insurance is with a small mutual company.

There are still a few companies who may not offer internet price quotes and most of the time these regional carriers only sell through independent insurance agencies. Discount 2016 Mercedes-Benz SL-Class insurance can be sourced on the web as well as from insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.

When you buy auto insurance online, make sure you don’t reduce coverage to reduce premium. In too many instances, someone sacrificed collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal is to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

More resources

• Bodily Injury Coverage (Liberty Mutual)
• Electronic Stability Control FAQ (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)
• Credit Impacts Car Insurance Rates (State Farm)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)