How Much Does 2001 Mercedes-Benz SL-Class Insurance Cost?

Are you regretting the purchase of overpriced insurance? Don’t sweat it because you’re not the only one. You have multiple auto insurance companies to choose from, and even though it’s nice to have a selection, more choices can make it harder to compare rates and find the lowest cost insurance.

The most recommended method to compare car insurance rates is to know most insurance companies allow for online access to give free rates quotes. The only thing you need to do is give them some information like your credit rating estimate, whether you drive to work or school, what you do for a living, and which vehicles you own. That rating information is then submitted to insurance carriers in your area and they respond with quotes within a short period of time.

To find the cheapest 2001 Mercedes-Benz SL-Class insurance rates, click here and enter your zip code.

Insurance discounts are available to cut your rates

Auto insurance companies do not advertise every disount available very clearly, so the next list breaks down some of the more common as well as some of the hidden credits available to bring down your rates.

  • Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a car insurance quote. Most companies allow this discount well after school through age 25.
  • Data Collection Discounts – Insureds who allow their company to analyze driving manner by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they are good drivers.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts can get savings of up to 25% or more.
  • Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
  • Homeowners Savings – Owning a house can help you save on insurance because of the fact that having a home requires personal responsibility.
  • Paper-free Discount – A few larger online companies will give a small break shop car insurance on the web.

As is typical with insurance, most of the big mark downs will not be given to your bottom line cost. Most only apply to individual premiums such as liability and collision coverage. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

Popular insurance companies and some of the premium reductions they offer are detailed below.

  • State Farm may offer discounts for student away at school, passive restraint, anti-theft, multiple autos, accident-free, multiple policy, and good driver.
  • Progressive has savings for continuous coverage, online quote discount, good student, multi-vehicle, and multi-policy.
  • Progressive includes discounts for multi-policy, continuous coverage, homeowner, online quote discount, multi-vehicle, online signing, and good student.
  • MetLife offers premium reductions for good driver, multi-policy, claim-free, accident-free, and defensive driver.
  • Farm Bureau may include discounts for renewal discount, good student, multi-policy, multi-vehicle, youthful driver, and safe driver.
  • Geico policyholders can earn discounts including daytime running lights, multi-policy, military active duty, anti-theft, and driver training.
  • SAFECO discounts include safe driver, anti-lock brakes, bundle discounts, teen safety rewards, multi-car, and homeowner.

Before purchasing a policy, check with all companies you are considering to apply every possible discount. Some credits may not apply in your area.

Smart buyers know how to find auto insurance more affordably

Consumers need to have an understanding of the rating factors that are used to determine the level of your policy premiums. When consumers understand what influences your rates, this helps enable you to make changes that will entitle you to much lower annual insurance costs. Many different elements are used when premium rates are determined. Some factors are common sense such as your driving record, but some are more transparent like where you live or your commute time.

  • Experienced drivers are lower risk – Drivers with little experience tend to be careless and easily distracted when driving so auto insurance rates are higher. Older drivers are proven to be safer behind the wheel, statistically cause fewer accidents , and are generally more financially stable.
  • Your location is important – Choosing to live in a rural area may provide you with better prices when shopping for auto insurance. Drivers in populated areas have congested traffic and a longer drive to work. Less people living in that area translates into fewer accident claims as well as less vandalism and auto theft.
  • You may save more by bundling policies – Some insurance companies give a discount for people who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount, it’s still a good idea to comparison shop to confirm you are receiving the best rates possible.
  • No policy lapses lowers premiums – Not maintaining insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will you pay more, failure to provide proof of insurance may earn you fines and jail time.
  • Don’t get traffic citations – Careful drivers receive lower rates than people who have multiple driving citations. Getting just one chargable violation may cause rates to rise twenty percent or more. Drivers with flagrant violations like reckless driving, hit and run or driving under the influence may face state-mandated requirements to prove financial responsibility with their state’s licensing department in order to legally drive a vehicle.

Everyone needs different auto insurance coverages

When buying proper insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether you would benefit from an agent’s advice.

  • Are my friends covered when driving my car?
  • Do I need medical payments coverage since I have good health insurance?
  • When does my teenage driver need to be added to my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Do all my vehicles need collision coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Can my teen drive my company car?
  • Can I afford to pay high deductible claims out of pocket?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Insurance coverage specifics

Knowing the specifics of a insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages available from insurance companies.

Coverage for liability

This protects you from damage or injury you incur to other’s property or people in an accident. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like court costs, medical services, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Collision insurance

Collision coverage covers damage to your SL-Class from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a ditch, hitting a parking meter, driving through your garage door, sideswiping another vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Medical expense insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like chiropractic care, hospital visits and dental work. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from getting keyed, rock chips in glass, theft, falling objects and vandalism. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

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

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Quote often and quote early

We just presented quite a bit of information on how to compare 2001 Mercedes-Benz SL-Class insurance prices online. The key thing to remember is the more rate quotes you have, the higher your chance of finding the cheapest car insurance. You may be surprised to find that the lowest prices come from a small local company. They often have lower rates on specific markets than their larger competitors like Allstate, Geico and Progressive.

As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where someone dropped comprehensive coverage or liability limits only to find out they didn’t have enough coverage. The goal is to get the best coverage possible at the lowest possible cost, but do not skimp to save money.

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