2000 Mercedes-Benz SL-Class Car Insurance Rates – 7 Tips for Cheapest Quotes

Looking for better car insurance rates for your Mercedes-Benz SL-Class? Purchasing budget car insurance is rather challenging for comparison shopping online. Because there are so many insurance companies available, how are people able to even start to compare every company to locate better rates?

It’s a great practice to compare rates every six months because car insurance prices fluctuate regularly. Even if you think you had the best deal on SL-Class insurance at your last renewal you can probably find a lower rate today. You’ll find a ton of advice on car insurance on the internet, but in this article, you’re going to get the easiest ways to reduce your car insurance bill.

If you currently have a car insurance policy, you will be able to save some money using this information. Locating more affordable insurance coverage is not that difficult. Although car owners can benefit from knowing how the larger insurance companies determine prices and apply this information to your search.

Earn discounts to get lower-cost car insurance rates

Not too many consumers would say car insurance is affordable, but discounts can save money and there are some available that can dramatically reduce your bill. Certain reductions will be credited at quote time, but some need to be manually applied before being credited.

  • Air Bags and Passive Restraints – Options like air bags and/or automatic seat belt systems can receive discounts up to 30%.
  • College Student Discount – who attend college more than 100 miles from home and won’t have access to an insured vehicle could qualify for this discount.
  • Driver Safety – Participating in a defensive driver course could earn you a small percentage discount and easily recoup the cost of the course.
  • E-sign Discounts – Many larger companies provide a small discount shop car insurance online.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy a life policy as well.
  • Mature Driver Discount – Drivers that qualify as senior citizens could receive a discount up to 10% on SL-Class insurance.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle up before driving can save a little off the medical payments premium.

Policy discounts save money, but most credits do not apply to your bottom line cost. A few only apply to individual premiums such as medical payments or collision. Even though it appears adding up those discounts means a free policy, you won’t be that lucky.

Larger car insurance companies and some of the premium reductions they offer can be found below.

  • State Farm offers discounts including passive restraint, multiple autos, good driver, accident-free, and driver’s education.
  • American Family has savings for defensive driver, Steer into Savings, bundled insurance, multi-vehicle, and good student.
  • AAA includes discounts for AAA membership discount, pay-in-full, good student, multi-policy, anti-theft, good driver, and multi-car.
  • Geico policyholders can earn discounts including membership and employees, multi-vehicle, driver training, anti-theft, good student, and air bags.
  • Mercury Insurance may have discounts that include professional/association, multi-policy, ease of repair, good student, age of vehicle, accident-free, and good driver.
  • Farmers Insurance discounts include early shopping, homeowner, alternative fuel, switch companies, good student, and electronic funds transfer.
  • Progressive offers discounts for continuous coverage, online quote discount, multi-vehicle, online signing, multi-policy, and good student.

If you are trying to find cheaper car insurance quotes, ask each company to apply every possible discount. Some discounts might not be offered in every state. To see companies that offer discounts, click here to view.

Tailor your insurance coverage coverage to you

When buying coverage for your vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different.

These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Is rental equipment covered for theft or damage?
  • What is PIP insurance?
  • I don’t drive much so do I pay less?
  • How much liability do I need to cover my assets?
  • What if I owe more than I can insure my car for?
  • Does medical payments coverage apply to all occupants?
  • Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form.

The largest companies are not always cheapest

Insurance companies such as Progressive, Allstate and Geico endlessly run television and radio advertisements. All the ads have a common claim about savings just by moving your insurance policy to them. How does every insurance company give you a lower rate? It’s all in how they say it.

Insurance companies have specific characteristics for the type of driver that will generate a profit. For example, this type of driver might be described as a female over age 40, insures multiple vehicles, and drives a lower-performance vehicle. Anybody that fits those parameters receive the lowest rate quotes and will probably cut their rates if they switch.

Consumers who cannot meet these standards will get more expensive rates and this results in the customer not purchasing. If you pay close attention to the ads, they say “drivers that switch” not “everyone that quotes” will save that much if they switch. That is how companies can make the claims of big savings.

This emphasizes why you absolutely need to get car insurance quotes as often as possible. It’s not possible to predict with any certainty which company will have the best car insurance rates.

Information about specific coverages

Having a good grasp of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability coverages

Liability insurance can cover damage that occurs to other people or property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things such as repair costs for stationary objects, medical expenses, bail bonds, emergency aid and medical services. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as pain medications, ambulance fees, doctor visits, funeral costs and rehabilitation expenses. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 2000 Mercedes-Benz SL-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Collision coverage

Collision coverage will pay to fix damage to your SL-Class caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a parking meter, colliding with a tree, driving through your garage door, rolling your car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, damage from getting keyed, damage from flooding, a broken windshield and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Shop Smart and Save

Drivers leave their current company for a number of reasons such as denial of a claim, delays in responding to claim requests, high prices and even policy non-renewal. Whatever your reason, finding a new company is not as hard as you think.

Budget-conscious 2000 Mercedes-Benz SL-Class insurance is possible both online as well as from insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance coverage companies may not offer online quoting and usually these smaller providers only sell coverage through independent agents.

As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced full coverage to discover at claim time that the savings was not a smart move. Your objective should be to get the best coverage possible at an affordable rate and still be able to protect your assets.

More detailed insurance coverage information can be read by following these links: