Save on 2004 Mercedes-Benz SL-Class Car Insurance Rates

Trying to find cheaper auto insurance rates for your Mercedes-Benz SL-Class? Searching for cheaper insurance for a new or used Mercedes-Benz SL-Class can turn out to be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates. There are more efficient ways to find auto insurance online so we’re going to tell you the best way to quote coverages for your Mercedes-Benz and locate the cheapest rates from both online companies and local agents.

It’s smart to do price comparisons before your next renewal because prices trend upward over time. Just because you found the best rates for SL-Class coverage on your last policy there is a good chance you can find better premium rates now. Forget all the misinformation about auto insurance because you’re about to find out the tricks you need to know to lower your rates without sacrificing coverage.

If you have insurance now or are just looking to switch companies, you can use this information to find better prices while maximizing coverage. Shopping for the lowest cost auto insurance coverage is not that difficult. Vehicle owners only need to know the tricks to shop on the web.

Save money with these discounts

Insurance can be pricey, but you may qualify for discounts to reduce the price significantly. Most are applied at the time of purchase, but less common discounts must be requested specifically prior to getting the savings. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Early Switch Discount – A few insurance companies give discounts for renewing your policy prior to your current policy expiration. The savings is around 10%.
  • Multi-car Discount – Buying insurance for multiple vehicles with the same insurance company can reduce the rates for all insured vehicles.
  • Military Discounts – Having a deployed family member can result in better insurance rates.
  • Claim Free – Claim-free drivers are rewarded with significantly better rates on insurance coverage quote in comparison to frequent claim filers.
  • Discounts for Federal Employees – Having worked for a branch of the government could qualify for a slight premium decrease for SL-Class coverage with some insurance companies.
  • Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.

Discounts lower rates, but most discounts do not apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

A list of companies and a selection of discounts are included below.

  • GEICO has discounts for good student, anti-theft, driver training, seat belt use, and multi-policy.
  • SAFECO may include discounts for multi-car, safe driver, homeowner, accident prevention training, and anti-lock brakes.
  • State Farm offers premium reductions for anti-theft, good student, good driver, safe vehicle, defensive driving training, Steer Clear safe driver discount, and student away at school.
  • MetLife may offer discounts for defensive driver, good student, good driver, multi-policy, claim-free, and accident-free.
  • 21st Century has savings for automatic seat belts, teen driver, student driver, 55 and older, anti-lock brakes, defensive driver, and good student.
  • Progressive offers discounts including homeowner, online signing, multi-policy, online quote discount, multi-vehicle, continuous coverage, and good student.

When getting free insurance coverage quotes, it’s a good idea to every prospective company how you can save money. Discounts may not apply in your area. For a list of insurance companies that offer many of these discounts, click this link.

Lower your insurance premiums

Many different elements are used in the calculation when you get your auto insurance bill. Some are obvious such as your driving history, but other factors are not as apparent like your vehicle usage or your financial responsibility.

  • Save by driving safer cars – Vehicles with good safety scores cost less to insure. Highly rated vehicles reduce the chance of injuries and reduced instances of injuries translates into fewer and smaller insurance claims and lower rates for you. If your Mercedes-Benz SL-Class scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • You may save more by combining policies – Most major insurers give lower prices to buyers who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even if you qualify for this discount already, you still need to compare rates to guarantee you are still saving the most.
  • Is car insurance cheaper for males or females? – Statistics demonstrate that females take fewer risks when driving. It does not mean men are worse drivers. Men and women are in fender benders in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations like DWI (DUI) or reckless driving. Teenage male drivers have the highest risk to insure and thus pay the highest rates.
  • Annual mileage impacts premiums – The more you drive your Mercedes-Benz each year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that have low annual miles can get a lower rate as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your auto insurance policy properly reflects the proper vehicle usage. Having the wrong rating on your SL-Class may be wasting your money.

Insurance can be complex

When buying adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different.

For example, these questions could help you determine if you might need professional guidance.

  • Does my insurance cover a custom paint job?
  • Should I buy only the required minimum liability coverage?
  • Can I afford to buy a different vehicle if my 2004 Mercedes-Benz SL-Class is totaled?
  • What is no-fault insurance?
  • Is business equipment covered while in my vehicle?
  • Do I need roadside assistance coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does my 2004 Mercedes-Benz SL-Class need full coverage?
  • At what point should I drop full coverage?
  • Is my ex-spouse still covered by my policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It’s fast, free and can help protect your family.

Insurance coverage basics

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Coverage for collisions

Collision insurance covers damage to your SL-Class caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like crashing into a ditch, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage

This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2004 Mercedes-Benz SL-Class.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Liability coverages

This protects you from damage or injury you incur to other people or property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims such as emergency aid, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like dental work, surgery, rehabilitation expenses and nursing services. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like damage from flooding, a tree branch falling on your vehicle, theft, damage from getting keyed and hitting a deer. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Cheaper insurance is a realistic goal

Drivers who switch companies do it for a variety of reasons including high prices, unfair underwriting practices, poor customer service and being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.

Cheap 2004 Mercedes-Benz SL-Class insurance can be purchased from both online companies and with local insurance agents, so you need to shop insurance coverage with both to have the best selection. Some insurance providers may not have price quotes online and most of the time these small insurance companies prefer to sell through independent agents.

In this article, we covered some good ideas how you can reduce 2004 Mercedes-Benz SL-Class insurance rates online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your car insurance rates. Consumers could even find that the lowest rates come from an unexpected company.

Other articles