Cheap 2000 Mercedes-Benz SL-Class Car Insurance Rates

Do you get exhausted from not being able to scrape enough together to pay your car insurance bill each month? You’re in the same situation as many other consumers. Due to the fact that there are so many companies to choose from, it is hard for the average consumer to locate the most affordable insurance company.

Consumers need to compare prices yearly because insurance prices change regularly. Even if you think you had the best rates for SL-Class insurance on your last policy the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about car insurance because I’m going to teach you one of the easiest ways to find better rates and still maintain coverage.

Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have car insurance, you will be able to reduce your rates substantially using these tips. Drivers just need to learn how to shop for insurance over the internet.

Auto insurance discounts help slash rates

Buying auto insurance is not cheap, but you may be missing some discounts that many consumers don’t even know exist. Certain reductions will be credited when you get a quote, but lesser-known reductions have to be requested specifically prior to getting the savings. If you aren’t receiving every discount you qualify for, you could be saving more on your auto insurance.

  • Responsible Driver Discount – Safe drivers could pay up to 40% less for SL-Class insurance than less cautious drivers.
  • Senior Citizen Rates – If you’re over the age of 55, you may receive a discount up to 10% for SL-Class insurance.
  • No Charge for an Accident – Not necessarily a discount, but some companies like GEICO and Allstate will turn a blind eye to one accident without raising rates with the catch being you have to be claim-free for a specific time period.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • Save with More Vehicles Insured – Having multiple cars or trucks with one company can reduce rates for all insured vehicles.
  • New Vehicle Savings – Insuring a new car may earn a small discount because newer models have to meet stringent safety requirements.
  • Pay Early and Save – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Renewal Discounts – A few auto insurance companies offer discounts for switching policies before your current coverage expires. It’s a savings of about 10%.

Don’t be surprised that most credits do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, you won’t be that lucky. Any amount of discount will positively reduce your premiums.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

  • Esurance may offer discounts for good student, anti-lock brakes, multi-policy, renters, homeowner, and defensive driver.
  • The Hartford has savings for air bag, bundle, anti-theft, vehicle fuel type, and good student.
  • AAA offers discounts including anti-theft, multi-policy, education and occupation, pay-in-full, and AAA membership discount.
  • GEICO offers premium reductions for air bags, multi-policy, multi-vehicle, good student, and driver training.
  • State Farm offers discounts for Drive Safe & Save, good student, multiple autos, defensive driving training, student away at school, passive restraint, and Steer Clear safe driver discount.

It’s a good idea to ask every company which discounts they offer. Some of the discounts discussed earlier might not be available to policyholders in your state. If you would like to choose from a list of insurers with discount rates, click here.

Why your insurance prices might be higher

The best way to find cheaper insurance is to take a look at some of the elements that aid in calculating your insurance rates. If you understand what controls the rates you pay, this empowers consumers to make smart changes that could result in cheaper rates.

Shown below are some of the things utilized by car insurance companies to help set rates.

  • Your credit rating is important – Having a bad credit history can be an important factor in determining your rates. Insureds that have very good credit scores tend to file fewer claims and have better driving records than drivers who have poor credit. So if your credit rating is low, you could save money insuring your 2000 Mercedes-Benz SL-Class by repairing your credit.
  • Drive lots and pay more – Driving more miles each year the higher your rate. Almost all companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage receive better premium rates than vehicles that are driven to work every day. An improperly rated SL-Class may be costing you higher rates. It’s always a good idea to double check that your policy is showing annual mileage, because improper ratings can cost you money.
  • Do thieves like your car? – Driving a car that has an advanced theft prevention system can help bring down rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder vehicle theft.
  • Qualify for multi-policy discounts – Most insurance companies allow a discount to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount, consumers should still compare rates to help guarantee you have the best rates. It’s possible to still save even more than the discount by splitting coverages up.
  • Safer cars means cheaper insurance – Vehicles with good safety scores tend to be cheaper to insure. Safer cars help reduce the chance of injuries in an accident and any reduction in injury severity means your insurance company pays less which can result in lower premiums.
  • Keep insurance claims to a minimum – If you are the type of insured that files lots of claims you can look forward to higher rates. Insurance companies provide lower rates to drivers who do not file claims often. Your insurance policy is designed for claims that you cannot pay yourself.
  • Age of drivers – Older insureds are shown to be more cautious, tend to cause fewer accidents .Youthful drivers are statistically proven to be inattentive with other occupants in the car so they pay higher insurance rates.

Which is the best insurance?

When it comes to buying adequate coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. These are some specific questions could help you determine whether you would benefit from an agent’s advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • How much can I save by bundling my policies?
  • What vehicles should carry emergency assistance coverage?
  • What is medical payments coverage?
  • Why do I need rental car insurance?
  • How can I get my company to pay me more for my totalled car?
  • Can I afford to buy a different vehicle if my 2000 Mercedes-Benz SL-Class is totaled?
  • Am I covered if I crash into my own garage door?
  • Does my medical payments coverage pay my health insurance deductible?
  • Does my 2000 Mercedes-Benz SL-Class qualify for pleasure use?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance advertisements

Drivers can’t get away from ads for cheaper insurance by Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise about saving some big amount if you just switch your coverage to them.

How does every company charge lower premium rates? Here is how they do it.

Insurance companies have a preferred profile for the driver that earns them the most money. For example, this type of risk profile could be a married female, has no driving citations, and drives a car with an anti-theft system. Any new insured that fits those parameters will probably get the lowest premium rates and is almost guaranteed to save money with a new company.

People who fall outside this ideal profile will get higher rates and this results in the customer not purchasing. If you pay attention, the ads say “drivers who switch” not “everyone that quotes” can save as much as they claim. That’s the way insurance companies can claim big savings. Because of the profiling, it’s extremely important to get a wide range of price quotes. Because without a comparison, you cannot know which insurance company will give you lower prices than your current company.

Car insurance policy coverages for a 2000 Mercedes-Benz SL-Class

Learning about specific coverages of your policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are typical coverages offered by car insurance companies.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hitting a bird, hail damage and fire damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision – This coverage will pay to fix damage to your SL-Class resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for immediate expenses for rehabilitation expenses, funeral costs, prosthetic devices and nursing services. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your 2000 Mercedes-Benz SL-Class.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Liability – This can cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers things such as repair bills for other people’s vehicles, loss of income, funeral expenses, structural damage and emergency aid. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

At the end of the day…

We’ve covered a lot of information how to compare 2000 Mercedes-Benz SL-Class insurance prices online. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may be surprised to find that the lowest prices come from the least-expected company. Some small companies may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.

Some insurance providers may not provide the ability to get a quote online and most of the time these small insurance companies only sell through local independent agencies. Cheaper 2000 Mercedes-Benz SL-Class insurance can be bought online as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money.

Additional auto insurance information is located on the following sites: