1996 Mercedes-Benz SL-Class Insurance Rates – 6 Tricks for Best Quotes

Looking for lower car insurance rates for your Mercedes-Benz SL-Class? If you’re looking for cheaper insurance, do you get overwhelmed by the dozens of car insurance providers available to you? Consumers have so many providers available that it can really be more work than you anticipated to find better prices.

It’s a good habit to do rate comparisons quite often because car insurance rates trend upward over time. Despite the fact that you may have had the best deal for SL-Class coverage six months ago you may be paying too much now. Block out anything you think you know about car insurance because you’re going to learn one of the easiest ways to properly buy coverages and cut your premium.

Buying the cheapest insurance can be fairly easy. Essentially everyone who is required by state law to have insurance will most likely be able to lower their premiums. But drivers must learn how big insurance companies compete online and take advantage of how the system works.

Car insurance discounts are available to lower your rates

Companies offering auto insurance do not list all their discounts very clearly, so we researched some of the best known as well as some of the hidden credits available to bring down your rates. If you are not receiving all the discounts you deserve, you are not getting the best rate possible.

  • Defensive Driver Discount – Taking part in a course teaching safe driver skills may get you a small discount and make you a better driver.
  • Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts may be able to save a few bucks off the PIP or medical payment premium.
  • Accident-Free Discounts – Drivers who stay claim-free pay much less in comparison with frequent claim filers.
  • Own a Home – Owning your own home or condo may trigger a policy discount on car insurance since home ownership is proof of financial responsibility.
  • Discount for Multiple Policies – If you have multiple policies with one insurance company you could get a discount of nearly 15% which can help you find the cheapest insurance coverage.
  • Include Life Insurance and Save – Larger car insurance companies have a break if you buy a life policy as well.

Remember that most discount credits are not given to the entire cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. Despite the appearance that all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Larger car insurance companies and some of the premium reductions they offer are shown below.

  • Progressive policyholders can earn discounts including online signing, homeowner, good student, continuous coverage, online quote discount, multi-policy, and multi-vehicle.
  • MetLife has discounts for good student, good driver, accident-free, multi-policy, defensive driver, claim-free
  • Mercury Insurance includes discounts for good student, annual mileage, low natural disaster claims, type of vehicle, location of vehicle, and multi-policy.
  • Nationwide may include discounts for business or organization, Farm Bureau membership, multi-policy, anti-theft, and family plan.
  • GEICO has savings for military active duty, anti-theft, federal employee, driver training, multi-vehicle, seat belt use, and defensive driver.
  • AAA offers premium reductions for anti-theft, multi-car, education and occupation, good driver, and AAA membership discount.

Check with all companies you are considering which discounts can lower your rates. A few discounts might not be available to policyholders in your area. To see a list of car insurance companies with discount rates, click this link.

Everyone needs different auto insurance coverages

When it comes to buying proper insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Is my teen driver covered when they drive my company car?
  • How do I buy GAP insurance?
  • Will my rates increase for filing one claim?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Should I buy more coverage than the required minimum liability coverage?
  • Where can I get insurance after a DUI in my state?
  • Do all my vehicles need collision coverage?
  • Do I need special endorsements for business use of my vehicle?
  • What are the financial responsibility laws in my state?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Buyer beware of insurance advertising tricks

Allstate and Progressive constantly bombard you with ads on television and other media. They all seem to seem to make the promise about saving some big amount just by switching your coverage to them. That’s great but how can every company make almost identical claims? It’s all in the numbers.

Insurance companies have a preferred profile for the type of driver that earns them the most money. For instance, a profitable insured could possibly be over the age of 35, owns their home, and drives newer vehicles. Someone that fits those parameters will get the preferred prices and therefore will save money with a new company.

Consumers who cannot meet those criteria will probably have to pay a higher premium which translates to the customer not purchasing. The ads say “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. That’s why companies can truthfully make it sound like they have such great premium rates.

Because each company has a different risk profile, you really should compare quotes as often as possible. It is impossible to guess the company that will have the lowest car insurance rates for your situation.

Coverages available on your policy

Learning about specific coverages of car insurance can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for bills such as hospital visits, chiropractic care and surgery. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, a tree branch falling on your vehicle and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your SL-Class from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as crashing into a building, damaging your car on a curb, hitting a mailbox and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz SL-Class.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on other people or property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things such as funeral expenses, medical services, attorney fees and medical expenses. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

Best coverage at the best price

As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced liability coverage limits and learned later that it was a big mistake. Your aim should be to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

Consumers who switch companies do it for a number of reasons such as lack of trust in their agent, unfair underwriting practices, being labeled a high risk driver or even denial of a claim. Regardless of your reason for switching companies, switching companies is not as difficult as it may seem.

You just read many ideas to shop for 1996 Mercedes-Benz SL-Class insurance online. The most important thing to understand is the more you quote insurance coverage, the better your comparison will be. You may be surprised to find that the best auto insurance rates are with a smaller regional carrier.

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