How Much Does 1998 Mercedes-Benz SL-Class Insurance Cost?

Looking for better insurance coverage rates for your Mercedes-Benz SL-Class? Finding better insurance prices for a Mercedes-Benz SL-Class could be difficult, but you can use the following methods to find lower rates. There is a better way to buy insurance coverage and we’ll show you the proper way to get price quotes on a Mercedes-Benz and obtain the best price possible from local insurance agents and online providers.

How to buy car insurance online

All major car insurance companies provide insurance quotes direct online. Doing online quotes can be done by anyone as all you need to do is type in your coverage preferences as requested by the quote form. After the form is submitted, their system will obtain your credit score and driving record and generates pricing information based on these and other factors.

Being able to quote online makes it a lot easier to compare rates but the time it takes to visit each company’s website and repetitively type in the same information is repetitive and time-consuming. Unfortunately, it is important to have as many quotes as possible if you want to get better prices.

Compare rates the easy way

A more efficient way to locate the lowest prices uses one form that gets prices from many companies. It’s a real time-saver, helps eliminate reptitive entry, and makes price shopping online much easier. Immediately after you send the form, it is quoted with multiple companies and you can pick any one of the returned quotes. If you find a better price you can simply submit the application and buy the policy. The entire process can be completed in less than 10 minutes and may result in a nice savings.

To quickly find out how much you can save on car insurance, click here and submit the form. If you have coverage now, it’s recommended you copy identical to your current policy. This helps ensure you will have rate quotes based on similar coverages.

Discounts for lower-cost insurance rates

Car insurance companies don’t necessarily list all disounts very clearly, so below is a list some of the more common and also the more inconspicuous credits that may apply to you. If you’re not getting every credit you qualify for, you may be paying too high a price.

  • Paperwork-free – Some of the larger companies will discount your bill up to fifty bucks simply for signing online.
  • Distant Student Discount – Children living away from home attending college without a vehicle on campus could qualify for this discount.
  • Bundle and Save – If you can bundle your home and auto insurance with the same company they may give you a discount of at least 10 to 15 percent or more.
  • Seat Belt Discounts – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the medical payments premium.
  • Auto/Life Discount – Insurance companies who offer life insurance give a lower premium rate if you buy a life policy as well.
  • New Car Discount – Insuring a vehicle that is new can cost up to 25% less because newer vehicles are generally safer.
  • Driving Data Discount – Insureds who allow their insurance company to scrutinize driving manner by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts as long as the data is positive.
  • Discount for Home Ownership – Owning your own home or condo can save you money since home ownership shows financial diligence.
  • Driver Safety – Taking a class that teaches defensive driving techniques can save you 5% or more if you qualify.
  • Good Grades Discount – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally well after school through age 25.

You should keep in mind that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like comp or med pay. Even though the math looks like you could get a free insurance policy, company stockholders wouldn’t be very happy. But any discount will cut the premium cost.

If you would like to view companies that offer the discounts shown above, click here.

Tailor your insurance coverage to you

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s.

For example, these questions may help highlight whether you might need professional guidance.

  • Am I covered when driving on a suspended license?
  • Am I missing any policy discounts?
  • Is my teenager covered with friends in the car?
  • What is an SR-22 filing?
  • What can I do if my company denied a claim?
  • Do I pay less if my vehicle is kept in my garage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is upholstery damage covered by car insurance?
  • How can I get high-risk coverage after a DUI?
  • Am I covered if I drive in a foreign country?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

How do insurers determine Mercedes-Benz SL-Class insurance costs?

One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that play a part in calculating the level of your policy premiums. When consumers understand what determines base rates, this enables you to make decisions that can help you get cheaper rates.

The items below are some of the major factors used by your company to calculate your rates.

  • Theft deterrents save – Selecting a car model with anti-theft technology or alarm system can help lower your rates. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all hinder auto theft.
  • Getting married is a bonus – Your spouse helps lower the price on your insurance policy. Having a significant other generally demonstrates drivers are more mature than a single person and insurance companies like that married drivers get in fewer accidents.
  • Increase comp and collision deductibles to save – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some examples of covered claims are a broken side mirror, hail damage, and windstorm damage. Comp and collision deductibles are how much the insured will be required to pay before your insurance pays a claim. The more money the insured is willing to pay, the better rate you will receive on SL-Class insurance.
  • Bundle policies and save – Most larger companies give better rates to customers that purchase more than one policy in the form of a multi-policy discount. Even though this discount sounds good, consumers should still comparison shop to guarantee you are still saving the most.
  • How credit score affects insurance prices – Having a bad credit rating is a large factor in calculating your insurance rates. People with very high credit ratings tend to be more responsible than drivers with poor credit scores. If your credit could use some work, you may save money insuring your 1998 Mercedes-Benz SL-Class by spending a little time repairing your credit.
  • Male prices may be higher – Over the last 30 years, statistics show that women are safer drivers than men. This data doesn’t prove that women are BETTER drivers than men. Women and men are in fender benders at a similar rate, but the male of the species have costlier accidents. Men also have more aggressive citations such as reckless driving.

Educate yourself about car insurance coverages

Having a good grasp of your car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Coverage for liability – This protects you from damage or injury you incur to a person or their property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things like medical expenses, attorney fees, bail bonds, legal defense fees and medical services. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as chiropractic care, pain medications and X-ray expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz SL-Class.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision – Collision insurance will pay to fix damage to your SL-Class caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as sideswiping another vehicle, colliding with another moving vehicle, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to bring the cost down.

Comprehensive protection – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like fire damage, a tree branch falling on your vehicle, hitting a deer, falling objects and theft. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Be a smart shopper

Budget-conscious 1998 Mercedes-Benz SL-Class insurance is available from both online companies and from local agencies, and you need to comparison shop both to get a complete price analysis. Some companies do not provide internet price quotes and usually these regional insurance providers provide coverage only through local independent agencies.

Drivers switch companies for many reasons like an unsatisfactory settlement offer, high prices, high rates after DUI convictions and even policy cancellation. It doesn’t matter why you want to switch choosing a new insurance company is pretty simple and you could end up saving a buck or two.

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. Too many times, an insured dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

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