2014 Mercedes-Benz SL-Class Insurance Rates

Searching for lower car insurance rates for your Mercedes-Benz SL-Class? Locating low-cost insurance for a Mercedes-Benz SL-Class can normally be an all-consuming task, but you can learn our car insurance buying tips and make it easy. There are both good and bad ways to compare car insurance rates so you’re going to learn the best way to compare rates for your Mercedes-Benz and obtain the best price possible either online or from local insurance agents.

It’s smart to price shop coverage occasionally because rates are adjusted regularly by insurance companies. Just because you had the lowest rate for SL-Class coverage a couple years back other companies may now be cheaper. Ignore everything you know about car insurance because you’re going to learn how to quote online to properly buy coverages and cut your premium.

Finding the best rates is easy if you know what you’re doing. If you are insured now or need a new policy, you can use this information to shop for the lowest rates while maximizing coverage. Consumers only need to know the most efficient way to shop their coverage around over the internet.

Ways to get car insurance quotes

Performing a rate comparison can be a daunting task if you aren’t aware of the best way to get rate quotes. You could waste time talking to insurance companies in your area, or you could save time and use the internet to get prices fast.

Most car insurance companies take part in a program that enables customers to complete one form, and each company returns a rated price. This saves time by eliminating quote requests to each company. To compare rates using this form now click here to open in new window.

The one downside to doing it this way is buyers cannot specifically choose the insurers you want pricing from. So if you want to choose specific insurance companies to request quotes from, we put together a list of low cost car insurance companies in your area. Click here to view list.

It’s your choice how you get your quotes, but compare identical quote data for each comparison quote. If the quotes have different data it will be very difficult to determine the lowest rate for your Mercedes-Benz SL-Class.

More discounts mean cheap premiums

Insuring your fleet can be pricey, but there are discounts available that you may not even be aware of. Most are applied when you get a quote, but some need to be specially asked for before you will receive the discount.

  • Cautious Driver Discount – Accident-free drivers could pay up to 40% less for SL-Class coverage as compared to drivers with claims.
  • No Accidents – Claim-free drivers pay less as compared to policyholders that have many claims.
  • Paper-free Discount – A handful of insurance companies provide a small discount for completing your application digitally online.
  • Federal Employees – Being employed by or retired from a federal job may qualify for a discount when you quote insurance for SL-Class coverage depending on your insurance coverage provider.
  • Drive Less and Save – Low annual miles could be rewarded with discounted insurance coveragerates on garaged vehicles.

One thing to note about discounts is that most credits do not apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you aren’t that lucky.

A few of the larger companies and the discounts they provide can be found below.

  • State Farm has savings for driver’s education, multiple autos, defensive driving training, anti-theft, Drive Safe & Save, accident-free, and safe vehicle.
  • Liberty Mutual has discounts for new vehicle discount, preferred payment discount, multi-policy, exclusive group savings, teen driver discount, new graduate, and newly married.
  • American Family offers discounts including bundled insurance, defensive driver, accident-free, air bags, and TimeAway discount.
  • Progressive policyholders can earn discounts including online signing, good student, multi-policy, continuous coverage, and online quote discount.
  • Farmers Insurance may include discounts for youthful driver, bundle discounts, electronic funds transfer, mature driver, pay in full, alternative fuel, and switch companies.
  • Auto-Owners Insurance discounts include anti-lock brakes, paperless, paid in full, company car, and good student.
  • SAFECO may have discounts that include teen safety rewards, teen safe driver, anti-lock brakes, multi-car, anti-theft, and bundle discounts.

Before buying, ask each insurance company which discounts you qualify for. Some of the earlier mentioned discounts might not be offered in your area. To view companies who offer cheap insurance coverage quotes, click here to view.

The Mercedes-Benz SL-Class insurance cost equation

Multiple criteria are used in the calculation when you get a price on insurance. Most are fairly basic like a motor vehicle report, but other factors are less apparent such as your marital status and annual miles driven.Consumers need to have an understanding of some of the things that come into play when calculating the price you pay for car insurance. If you have some idea of what determines premiums, this enables you to make decisions that may result in lower rates.

The list below includes some of the most common factors that factor into rates.

  • Why do you need liability protection? – A critical coverage on your policy, liability insurance will afford coverage if you are found liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides legal defense coverage which can cost thousands of dollars. This coverage is relatively inexpensive as compared to coverage for physical damage, so do not cut corners here.
  • What are your physical damage deductibles? – Comprehensive and collision coverage deductibles define how much you are required to pay if the claim is covered. Protection for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of covered claims would be rearending another vehicle, damage caused by hail, and damage caused by road hazards. The larger the amount you’re willing to pay, the less your car insurance will be for SL-Class coverage.
  • Credit rating impacts premiums – A driver’s credit score is a big factor in your rate calculation. Drivers with good credit tend to be better drivers and file fewer claims than those with lower credit scores. Therefore, if your credit is not that good, you could be paying less to insure your 2014 Mercedes-Benz SL-Class by improving your credit score.
  • Marriage is a bonus – Having a wife or husband actually saves money on your policy. Having a spouse may mean you are more mature than a single person and insurance companies reward insureds because being married results in fewer claims.
  • Companies want multiple policies – Most larger insurance companies provide lower prices to customers who consolidate policies with them such as combining an auto and homeowners policy. The amount of the discounts can be ten or even fifteen percent. Even if you’re getting this discount you still need to compare other insurance prices to confirm you are receiving the best rates possible. You may still save even more than the discount by buying insurance from more than one company.

It’s not one size fits all

When choosing the right insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions might help in determining if your insurance needs might need an agent’s assistance.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • How much liability do I need to cover my assets?
  • Should I bundle my homeowners policy with my auto?
  • What can I do if my company denied a claim?
  • Can I make deliveries for my home business?
  • Do I need rental car coverage?
  • What companies insure drivers after a DUI or DWI?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Insurance advertising tricks

Consumers can’t get away from ads for cheaper insurance by companies like Allstate and Progressive. All the companies make an identical promise about savings if you switch your policy.

How does every insurance company save you money? This is how they do it.

Different companies have strict underwriting profiles for the right customer that will generate a profit. A good example of a profitable customer could possibly be between the ages of 40 and 55, has had continuous coverage, and drives less than 7,500 miles a year. Anyone who meets those qualifications will most likely get cheap premium rates and will save money with a new company.

People who cannot meet the requirements may receive a more expensive rate and this results in the driver buying from a lower-cost company. If you pay attention, the ads say “customers that switch” not “everyone that quotes” can save as much as they claim. That is how insurance companies can confidently make claims like that. This emphasizes why it’s extremely important to get a wide range of price quotes. It is impossible to predict the company that will have the best rates at this point in time.

Insurance coverages and their meanings

Learning about specific coverages of a insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for X-ray expenses, hospital visits and funeral costs. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Coverage for liability

Liability insurance protects you from damage or injury you incur to other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like court costs, medical services, legal defense fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for collisions

This will pay to fix damage to your SL-Class resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like colliding with a tree, damaging your car on a curb, sideswiping another vehicle and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Uninsured and underinsured coverage

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your 2014 Mercedes-Benz SL-Class.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, vandalism, hitting a deer and rock chips in glass. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Shop Smart and Save

People change insurance companies for any number of reasons including questionable increases in premium, policy cancellation, denial of a claim or even delays in paying claims. Regardless of your reason for switching companies, finding a great new company is less work than it seems.

In this article, we presented quite a bit of information on how to reduce 2014 Mercedes-Benz SL-Class insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding cheap insurance. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising.

Some companies may not have the ability to get a quote online small insurance companies prefer to sell through independent agents. More affordable insurance is possible online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection.

Additional information is located at the links below