Cheaper 2011 Mercedes-Benz SLS AMG Insurance Quotes

Trying to find lower car insurance rates for your Mercedes-Benz SLS AMG? Are you regretting the purchase of an overpriced car insurance policy? You’re in good company because there are many people just like you. Insurance companies such as State Farm and GEICO constantly blast consumers with fancy advertisements and it is challenging if not impossible to ignore the flying pigs and cute green geckos and find the best price available.

It’s a great practice to take a look at other company’s rates every six months since insurance rates are constantly changing. If you had the best rate on SLS AMG coverage a year ago you can probably find a better price now. Forget all the misinformation about car insurance because we’re going to show you the tricks you need to know to save money, get proper coverage and the best rates.

Save money with these tips

The best way to find cheaper auto insurance is to take a look at some of the things that go into determining your auto insurance rates. When you understand what controls the rates you pay, this allows you to make educated decisions that can help you get lower rates.

  • Pay less after the wedding – Your spouse may save some money on auto insurance. Marriage means you’re more mature it has been statistically shown that drivers who are married file infrequent claims.
  • Youthful drivers cost more – Inexperience drivers are statistically proven to be more careless with other occupants in the car so they pay higher auto insurance rates. Parents adding a teen driver to your auto insurance policy can break the bank. More mature drivers are more cautious drivers, statistically cause fewer accidents .
  • Rates can drop if you have more than one policy – Lots of insurance companies provide better rates to customers that purchase more than one policy in the form of a multi-policy discount. Even if you qualify for this discount already, consumers should still compare other insurance prices to verify if the discount is saving money.
  • Too many auto insurance claims will drive prices up – If you’re an insured who likes to file claims you shouldn’t be surprised to get either higher rates or even cancellation. Companies give the lowest premiums to drivers who file claims infrequently. Your car insurance is intended to be relied upon for larger claims.
  • Liability coverage – A critical coverage on your policy, liability insurance is the protection when a jury decides you are liable for causing personal injury or damage in an accident. Liability provides you with a defense in court to attempt to prove you were not liable. Liability is cheap compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • A auto insurance lapse can increase prices – Having an insurance coverage lapse is a guaranteed way to drive up your policy premiums. And not only will insurance be more expensive, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You could then be forced to file a SR-22 with your state DMV.
  • Careless driving means higher premiums – Your driving record influences premium rates substantially. Having a single speeding ticket may cause rates to rise by as much as twenty percent. Attentive drivers receive lower rates as compared to those with violations. Drivers with flagrant tickets like hit and run, DWI or reckless driving convictions might be required by their state to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
  • Where you live is a factor – Living in small towns and rural areas has it’s advantages when insuring your vehicles. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. Drivers who live in large cities have more traffic problems and longer commute times. Spending more time driving means more chances of being involved in an auto accident.

Take advantage of every insurance discount

Insurance is expensive, but there’s a good chance there are discounts that could help you make your next renewal payment. Certain discounts will be applied when you purchase, but once in a while a discount must be manually applied prior to getting the savings. If you check and find you aren’t receiving every discount possible, you may be paying too high a price.

  • Employee of Federal Government – Active or retired federal employment may qualify for a discount when you quote auto insurance on SLS AMG coverage with certain companies.
  • New Vehicle Savings – Insuring a vehicle that is new can save you some money because new model year vehicles have to meet stringent safety requirements.
  • Driver’s Education for Students – Cut your cost by having your teen driver participate in a local driver’s education class if it’s offered in school.
  • Professional Memberships – Having an affiliation with qualifying clubs or civic groups is a good way to get lower rates on your next insurance statement.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles are much safer to drive and earn discounts up to 10%.
  • Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving can save 10% or more off the personal injury premium cost.
  • Military Discounts – Having a family member in the military could mean lower insurance rates.
  • Homeowners Pay Less – Owning a home may earn you a small savings because of the fact that having a home shows financial diligence.

Remember that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates adding up those discounts means a free policy, you won’t be that lucky.

The best insurance companies and some of the premium reductions they offer are:

  • State Farm offers discounts for multiple autos, good student, accident-free, multiple policy, safe vehicle, Drive Safe & Save, and defensive driving training.
  • Farmers Insurance discounts include switch companies, bundle discounts, teen driver, youthful driver, and good student.
  • Progressive includes discounts for multi-vehicle, continuous coverage, good student, online signing, multi-policy, and online quote discount.
  • GEICO may have discounts that include air bags, five-year accident-free, daytime running lights, good student, military active duty, emergency military deployment, and driver training.
  • Auto-Owners Insurance may offer discounts for safe driver, company car, anti-lock brakes, multi-policy, and student away at school.
  • The Hartford has discounts for anti-theft, defensive driver, air bag, good student, driver training, and vehicle fuel type.
  • Farm Bureau may include discounts for good student, safe driver, youthful driver, multi-vehicle, driver training, and multi-policy.
  • USAA policyholders can earn discounts including driver training, military installation, multi-vehicle, new vehicle, family discount, safe driver, and vehicle storage.

Before you buy a policy, ask all companies you are considering which discounts they offer. Some discounts may not be offered in your area. To see a list of providers who offer insurance discounts, click this link.

Don’t be fooled by advertising claims

Consumers can’t avoid all the ads that promise big savings for switching by companies like Progressive, GEICO, Allstate and State Farm. All the companies advertise claims about how much you will save if you just switch your insurance coverage policy to them.

How does each company have lower policy pricing? This is the way they can do it.

All the different companies have a certain “appetite” for the right customer that will add to their bottom line. One example of this type of driver may need to be over the age of 45, has few claims, and drives less than 10,000 miles a year. Anybody that meets those criteria will probably get cheap car insurance rates and as a result will probably save quite a bit of money when switching.

Insureds who cannot meet this stringent profile will probably have to pay a higher rate which leads to business going elsewhere. The ads state “customers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s why companies can truthfully make the claims of big savings. This emphasizes why drivers should compare as many free auto insurance quotes as you can. It’s just not possible to know with any certainty which company will give you the biggest savings.

How to know if you need help

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might point out if your situation would benefit from professional advice.

  • Can I drive in Mexico and have coverage?
  • Do I pay less for low miles?
  • When would I need rental car insurance?
  • Should I have combined single limit or split liability limits?
  • Am I covered if hit by an uninsured driver?
  • Do I need motorclub coverage?
  • Do I need an umbrella policy?
  • Can I rate high risk drivers on liability-only vehicles?
  • When should I not file a claim?

If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Detailed coverages of your car insurance policy

Understanding the coverages of car insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types available from car insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mercedes-Benz SLS AMG.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance provide coverage for expenses such as surgery, chiropractic care and ambulance fees. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability insurance – This coverage can cover damage that occurs to other’s property or people that is your fault. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability insurance covers claims like legal defense fees, medical services, repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Collision – This covers damage to your SLS AMG resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from getting keyed, falling objects, hitting a deer and hitting a bird. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Keep this in mind

We covered many tips how you can lower your 2011 Mercedes-Benz SLS AMG insurance premium rates. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even find the lowest priced insurance coverage comes from the least-expected company. These companies may have significantly lower prices on certain market segments compared to the large companies like Progressive or GEICO.

More affordable insurance coverage is possible online and with local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies don’t offer rate quotes online and most of the time these smaller providers work with local independent agencies.

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