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.
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.
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.
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:
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.
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.
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.
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.
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.
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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