Cheap 2004 Mercedes-Benz SL-Class Insurance Rates

Want cheaper car insurance rates for your Mercedes-Benz SL-Class? I can’t think of anyone who fancies paying their premiums for car insurance, particularly when they are paying too much.

Due to the abundance of insurance companies to choose from, it can be challenging to choose the most cost effective car insurance company.

This article will teach you how to effectively get price quotes. If you have car insurance now, you will be able to reduce your rates substantially using these tips. But consumers do need to learn how companies sell insurance online.

The best way to compare rates takes advantage of the fact most of the bigger providers allow for online access to compare their rates. To get started, all you need to do is provide the companies a bit of rating information including your education level, which vehicles you own, if your license is active, and what your job is. That rating information is then sent to many of the top insurers and they respond with quotes instantly.

You may qualify for discounts

Companies don’t always advertise the complete list of policy discounts in a way that’s easy to find, so here is a list both the well known and also the lesser-known discounts that may be available.

  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle up before driving can save 10% or more off PIP or medical payments premium.
  • Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you a discount if you purchase a life policy as well.
  • Fewer Miles Equal More Savings – Low annual miles can earn better prices on cars that stay parked.
  • Discounts for New Vehicles – Adding a new car to your policy can cost up to 25% less because newer models have to meet stringent safety requirements.
  • Distant Student – Older children living away from home attending college and leave their car at home can be insured at a reduced rate.
  • Online Discount – Many insurance companies will give a small break for completing your application on the web.
  • ABS Braking Discount – Vehicles that have steering control and anti-lock brakes have fewer accidents and earn discounts up to 10%.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for better insurance rates for SL-Class insurance.
  • Drivers Education – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.

One last thing about discounts, some credits don’t apply to the entire cost. Most only reduce individual premiums such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way.

A few of the larger companies and the discounts they provide include:

  • Progressive offers premium reductions for good student, online signing, multi-policy, homeowner, multi-vehicle, and continuous coverage.
  • Geico may include discounts for federal employee, driver training, seat belt use, membership and employees, emergency military deployment, and daytime running lights.
  • State Farm policyholders can earn discounts including Steer Clear safe driver discount, anti-theft, accident-free, driver’s education, good student, and safe vehicle.
  • Esurance has savings for homeowner, multi-car, defensive driver, good driver, and good student.
  • The Hartford may have discounts that include driver training, good student, vehicle fuel type, anti-theft, bundle, air bag, and defensive driver.

If you are trying to find the cheapest car insurance quotes, ask each company which discounts you may be entitled to. Some credits may not be offered in your area. To see a list of insurers that have a full spectrum of discounts, click this link.

There’s no such thing as the perfect insurance coverage policy

When buying the best insurance coverage coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different so your insurance should reflect that These are some specific questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • Is my camper covered by my car insurance policy?
  • How can I find cheaper teen driver insurance?
  • Is my 2004 Mercedes-Benz SL-Class covered for smoke damage?
  • How can I force my company to pay a claim?
  • What discounts do I qualify for?
  • Am I covered when driving a rental car?
  • Is my cargo covered for damage or theft?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

What affects Mercedes-Benz SL-Class insurance rates?

An important part of buying insurance is that you know a few of the rating criteria that help calculate your premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that may reward you with big savings.

Shown below are just a few of the factors used by insurance companies to determine your prices.

  • Poor credit decisions can cost you – Credit score will be a significant factor in calculating your auto insurance rates. Drivers with very high credit ratings tend to be less risk to insure as compared to drivers with poor credit. If your credit rating can use some improvement, you could be paying less to insure your 2004 Mercedes-Benz SL-Class by taking the time to improve your credit score.
  • Rates also based on gender – Over time, data shows that women are safer drivers than men. It does not mean women are BETTER drivers than men. Both genders are in auto accidents in similar numbers, but males have costlier accidents. Men also tend to receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
  • Incidental coverages that aren’t used – Insurance policies have a lot of extra coverages that can waste your money if you aren’t diligent. Coverages for rental car reimbursement, accidental death, and membership fees may not be needed and are just wasting money. You may think they are a good idea when deciding what coverages you need, but now you might not need them so eliminate the coverages to reduce your premium.
  • Do safer cars cost less to insure? – Vehicles that have high safety ratings cost less to insure. Safe vehicles reduce occupant injuries and fewer injuries translates directly to fewer claims and lower rates for you. If the Mercedes-Benz SL-Class is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.

Coverages available on your policy

Learning about specific coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average insurance policy.

UM/UIM Coverage

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2004 Mercedes-Benz SL-Class.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages do not exceed the liability coverage limits.

Coverage for liability

Liability insurance can cover damage or injury you incur to other people or property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims such as medical services, loss of income and legal defense fees. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as pain medications, ambulance fees and funeral costs. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Collision protection

Collision insurance covers damage to your SL-Class from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as sideswiping another vehicle, damaging your car on a curb, crashing into a ditch, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive or Other Than Collision

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

Comprehensive insurance covers things like falling objects, a broken windshield, damage from flooding and vandalism. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Be a Smart Shopper

The cheapest 2004 Mercedes-Benz SL-Class insurance can be purchased from both online companies in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance coverage companies do not provide online quoting and usually these small, regional companies only sell through independent agencies.

When buying insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. The goal is to get the best coverage possible at the lowest possible cost, not the least amount of coverage.

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