2008 Mercedes-Benz SL-Class Insurance Rates

Want better insurance coverage rates for your Mercedes-Benz SL-Class? Paying for pricey Mercedes-Benz SL-Class insurance can bleed your personal savings and make it tough to pay other bills. Performing a rate comparison can help to lower your bills every month.

There are many auto insurance companies to buy insurance from, and although it’s a good thing to have a choice, having more car insurance companies makes it harder to adequately compare rates.

The purpose of this article is to instruct you on how to get online quotes and some tips to save money. If you currently have car insurance, you should be able to save some money using these techniques. Although consumers can benefit by having an understanding of the methods companies use to market insurance on the web because it can help you find the best coverage.

Get lower rates by applying discounts

Insuring your fleet can be pricey, but there are discounts available that many consumers don’t even know exist. Some discounts apply automatically when you quote, but some may not be applied and must be specially asked for before being credited.

  • Early Signing – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Discounts for New Vehicles – Adding a new car to your policy is cheaper since newer models are generally safer.
  • Distant College Student Discount – College-age children who are enrolled in a college that is more than 100 miles from home and do not have a car may be able to be covered for less.
  • Sign Online – Certain insurance companies will discount your bill up to fifty bucks for buying a policy and signing up on the internet.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn better insurancerates if you take out a life insurance policy as well.

You should keep in mind that some of the credits will not apply to the entire cost. Most only apply to individual premiums such as liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, it doesn’t quite work that way.

Companies and a summarized list of policyholder discounts are shown below.

  • AAA offers discounts for good student, good driver, pay-in-full, education and occupation, multi-policy, and AAA membership discount.
  • Progressive includes discounts for continuous coverage, good student, online quote discount, multi-vehicle, homeowner, and online signing.
  • State Farm offers premium reductions for passive restraint, good driver, Drive Safe & Save, defensive driving training, Steer Clear safe driver discount, and student away at school.
  • Esurance offers discounts including paid-in-full, renters, defensive driver, Switch & Save, claim free, and homeowner.
  • Nationwide has discounts for Farm Bureau membership, accident-free, anti-theft, easy pay, and business or organization.

If you are trying to find cheap car insurance quotes, ask every prospective company how many discounts you can get. All car insurance discounts might not apply in your area. For a list of insurance companies that offer many of these discounts, click here to view.

Your car insurance coverage should be tailored to you

When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that could help you determine if you might need professional guidance.

  • Does insurance cover tools stolen from my truck?
  • Am I covered by my spouse’s policy after a separation?
  • Do I pay less for low miles?
  • What can I do if my company denied a claim?
  • How do I file an SR-22 for a DUI in my state?
  • Are rental cars covered under my policy?
  • Can I afford low physical damage deductibles?
  • Should I buy more coverage than the required minimum liability coverage?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Advertising and insurance

Well-known insurance companies like State Farm and Allstate constantly bombard you with television, radio, and online ads. They all make the point about how much you will save if you change your policy. How does every insurance company offer you a better deal? This is the trick they use.

Insurance companies have underwriting criteria for the type of customer that earns them the most money. One example of a profitable risk profile might have to be a female over age 40, owns their home, and chooses high deductibles. Any customer who matches those parameters is entitled to the best price and will most likely save a lot if they switch.

People who are not a match for the requirements will be charged higher premiums which leads to the prospect going elsewhere. If you listen closely, the ads state “customers that switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can confidently make it sound like they have such great premium rates.

This emphasizes why you absolutely need to quote coverage with many companies. It is impossible to guess which insurance companies will give you lower car insurance rates than your current company.

Insurance specifics

Having a good grasp of insurance can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for bills for pain medications, ambulance fees and nursing services. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from 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 coverage protects against claims such as damage from getting keyed, hitting a bird, a broken windshield and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance

This protects you from damage that occurs to a person or their property in an accident. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as emergency aid, medical expenses and loss of income. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Collision insurance

This pays for damage to your SL-Class caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with another moving vehicle, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your 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. This is the reason having UM/UIM coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Smart shoppers get results

When buying insurance coverage, it’s a bad idea to reduce coverage to reduce premium. There are many occasions where someone dropped collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to find the BEST coverage for the lowest price, but do not sacrifice coverage to save money.

We just presented a lot of techniques to lower your 2008 Mercedes-Benz SL-Class insurance rates. It’s most important to understand that the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. Drivers may discover the lowest rates are with a smaller regional carrier. Smaller companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as Allstate, Geico and Progressive.

The cheapest 2008 Mercedes-Benz SL-Class insurance is possible from both online companies and also from your neighborhood agents, and you should compare rates from both to have the best selection. A few companies do not provide price quotes online and usually these regional insurance providers provide coverage only through independent insurance agencies.

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