2009 Mercedes-Benz SL-Class Insurance Cost – 8 Policy Discounts

Are you tired of being strong-armed to insure your Mercedes-Benz every month? Your situation is no different than the majority of other consumers. Insurance companies such as Allstate, Progressive and Geico increase brand awareness with catchy ads and consumers find it hard to see through the deception and do the work needed to find the best deal.

Consumers need to quote other rates once or twice a year due to the fact that insurance rates trend upward over time. Even if you got the best rate on SL-Class insurance six months ago you can probably find a better price now. Ignore everything you know about insurance because I’m going to let you in on the secrets to the easiest way to properly buy coverages while reducing your premium.

Compare free auto insurance quotes

Effectively comparing auto insurance prices is a ton of work if you don’t know the easiest way. You can waste a few hours (or days) talking to insurance agencies in your area, or you can stay home and use the internet to maximize your effort.

Most car insurance companies belong to an insurance system that enables customers to only type in their quote data once, and each participating company provides a quote determined by their information. This saves time by eliminating quote requests to each individual auto insurance company.

To participate in this free quote system, click here to open in new window.

The only drawback to comparing rates this way is buyers cannot specifically choose the insurers you want to price. If you wish to select specific providers to request quotes from, we have a listing of low cost auto insurance companies in your area. Click here for list of insurance companies.

The approach you take is up to you, just make darn sure you compare the same coverage data for each price quote. If each company quotes differing limits it will be next to impossible to determine which rate is truly the best.

Will you really save $445 on insurance coverage?

Drivers can’t get away from all the ads for cheaper insurance coverage by companies like 21st Century, Allstate and State Farm. They all tend to make the same promise about savings if you get a free car insurance quote and switch your insurance coverage policy to them.

How do they all say the same thing?

Insurance providers have specific criteria for the type of customer that earns them a profit. One example of a driver they prefer might have to be over the age of 50, has no prior claims, and drives less than 10,000 miles a year. Any new insured who matches that profile will get very good premium rates and is almost guaranteed to save quite a bit of money when switching.

Drivers who do not fit the ideal profile will get higher rates and this results in the prospect going elsewhere. The ads state “drivers who switch” not “everyone who quotes” save money. This is how companies can advertise the savings.

This really drives home the point why you absolutely need to quote coverage with many companies. It’s not possible to predict with any certainty which company will provide the lowest rates.

Lower rates by qualifying for these eight discounts

Companies don’t list every available discount in a way that’s easy to find, so the list below contains a few of the more common and also the lesser-known discounts you could be receiving when you buy car insurance online. If you check and find you aren’t receiving every discount you qualify for, you are throwing money away.

  • Accident Waiver – Not really a discount, but companies like State Farm and Progressive will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
  • Membership in Organizations – Participating in certain professional organizations can get you a small discount on your next insurance coverage statement.
  • No Accidents – Good drivers with no accidents have much lower rates when compared to insureds who have frequent claims or accidents.
  • Safe Drivers – Drivers who don’t get into accidents can save up to 40% or more on their car insurance quote on SL-Class insurance compared to rates paid by drivers with frequent claims.
  • 55 and Retired – If you qualify as a senior citizen, you are able to get a small discount on rates on SL-Class insurance.
  • Service Members Pay Less – Being deployed in the military may lower your rates slightly.
  • Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
  • ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control prevent accidents so companies give up to a 10% discount.

Drivers should understand that most of the big mark downs will not be given the the whole policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.

To locate insurance companies that offer some of these discounts, click here.

Auto insurance is unique, just like you

When buying adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Each situation is unique so this has to be addressed. For example, these questions may help highlight if you will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • Is business equipment covered while in my vehicle?
  • When should my teen driver be added to my policy?
  • Can I make deliveries for my home business?
  • Am I covered when driving in Canada or Mexico?
  • Does my insurance cover my expensive audio equipment?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance policy coverages for a 2009 Mercedes-Benz SL-Class

Understanding the coverages of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most auto insurance policies.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for bills such as doctor visits, surgery and rehabilitation expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive protection – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hail damage, rock chips in glass and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage – This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time these coverages are identical to your policy’s liability coverage.

Liability insurance – This provides protection from damage that occurs to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things such as legal defense fees, funeral expenses, pain and suffering, bail bonds and medical services. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Collision – This coverage 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 then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with another moving vehicle, backing into a parked car, crashing into a ditch, hitting a parking meter and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Final considerations

We just showed you quite a bit of information on how to compare 2009 Mercedes-Benz SL-Class insurance prices online. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. Drivers may discover the best prices are with an unexpected company. These smaller insurers can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.

As you prepare to switch companies, you should never buy less coverage just to save a little money. Too many times, someone dropped liability limits or collision coverage and learned later that they should have had better coverage. Your strategy should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

Lower-priced 2009 Mercedes-Benz SL-Class insurance is attainable from both online companies and from local insurance agents, so get free car insurance quotes from both of them in order to have the best chance of saving money. Some companies may not provide the ability to get quotes online and many times these regional insurance providers only sell through independent agencies.

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