2002 Mercedes-Benz SL-Class Insurance Rates – 9 Tips for Cheaper Quotes

Searching for the most affordable insurance can appear to be difficult for beginners to comparing rates and buying insurance online. With such a big selection of agents and online companies, how can drivers efficiently compare all the different companies and get the best available rates?

How to lower your insurance coverage cost

To find low cost insurance quotes, there are several ways to get quotes from different companies. The fastest way to lower the rate you pay for 2002 Mercedes-Benz SL-Class insurance is simply to get online rate quotes. It’s really quite simple and can be done by using one of the methods below.

  1. The recommended way to find the lowest comparison rates is to use a rate comparison form (click to open form in new window). This style of form prevents you from having to do multiple quote forms to each individual insurance coverage company. One form will get you price quotes direct from many companies. This is perfect if you don’t have a lot of time.
  2. Another way to find better pricing is going to the website for each individual company to complete a price quote. For example, let’s assume you want to compare Auto-Owners, Progressive and Allstate. To get each rate you have to visit each site and punch in your information repeatedly, which is why the first method is quicker.

    To view a list of companies in your area, click here.

Whichever way you choose to compare rates, compare the same coverages and limits on every quote you get. If you use different deductibles then you won’t be able to make a fair comparison for your Mercedes-Benz SL-Class. Even a minor difference in coverages may result in a large different in cost. And when price shopping your coverage, having more price comparisons will enable you to find better pricing. Some regional insurers cannot provide online price quotes, so it’s important to also get price estimates from them as well.

Car insurance policy discounts

Car insurance is not cheap nor is it fun to buy but there could be available discounts that you may not even be aware of. Some of these disounts will be visible at the time of purchase, but lesser-known reductions have to be manually applied before being credited.

  • Discounts for New Vehicles – Putting insurance on a new car can save you some money because new vehicles are generally safer.
  • Discounts for Multiple Vehicles – Buying insurance for more than one vehicle with the same car insurance company could earn a price break for each car.
  • ABS Brakes – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents and the ABS can save up to 10%.
  • Driver Safety – Participating in a class that teaches driver safety techniques could cut 5% off your bill if your company offers it.
  • Federal Government Employee – Employees or retirees of the government may qualify for a discount when you quote insurance for SL-Class coverage depending on your company.
  • Smart Student Discounts – Performing well in school can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts may get savings of 25 to 30%.
  • Full Payment Discount – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Accident Forgiveness – This isn’t a discount exactly, but some insurance companies will let one accident slide before your rates go up with the catch being you have to be claim-free for a set time period.

Please keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, it just doesn’t work that way.

For a list of companies who offer discounts, click here to view.

How do I know if I need professional advice?

When it comes to buying coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether your personal situation would benefit from professional advice.

  • Are rental cars covered under my policy?
  • Are my tools covered if they get stolen from my vehicle?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Does coverage extend to Mexico or Canada?
  • Why am I required to get a high-risk car insurance policy?
  • What companies insure drivers after a DUI or DWI?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form.

Insurance coverage basics

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Comprehensive coverages

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, a broken windshield and damage from a tornado or hurricane. The highest amount your insurance company will pay 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.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for bills like pain medications, chiropractic care, nursing services, rehabilitation expenses and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision insurance pays for damage to your SL-Class resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, hitting a parking meter, crashing into a ditch and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Liability insurance

This protects you from injuries or damage you cause to people or other property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as repair costs for stationary objects, funeral expenses and medical expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

A tidy conclusion

Consumers switch companies for many reasons like questionable increases in premium, delays in responding to claim requests, delays in paying claims and extreme rates for teen drivers. It doesn’t matter why you want to switch finding a new company can be easier than you think.

While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an insured cut liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at the best cost and still be able to protect your assets.

The cheapest 2002 Mercedes-Benz SL-Class insurance is definitely available from both online companies as well as from insurance agents, so you need to shop insurance with both to have the best rate selection. Some auto insurance companies may not have rates over the internet and these smaller providers work with independent insurance agents.

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