Cheap 2012 Mercedes-Benz SLS AMG Insurance Quotes

Finding a different company that has low cost insurance is challenging if you are one of the many people new to price quotes online. But don’t be intimidated because online price shopping is actually quite simple.

The purpose of this post is to help you learn how to get online quotes and some money-saving tips. If you currently have car insurance, you will most likely be able to lower your premiums substantially using these methods. Although vehicle owners need to have an understanding of the way companies determine prices.

Do you qualify for discounts?

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that many consumers don’t even know exist. A few discounts will be applied at the time of quoting, but a few must be asked for before being credited.

  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft so companies will give you a small discount.
  • Multiple Vehicles – Buying insurance for several vehicles with the same company may reduce the rate for each vehicle.
  • Seat Belt Discounts – Drivers who require all occupants to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Professional Organizations – Belonging to qualifying clubs or civic groups is a simple method to lower premiums when shopping for auto insurance.
  • Multiple Policy Discount – If you can combine your auto and homeowners policy with one insurance company you may earn over 10 percent off each policy depending on the company.

While discounts sound great, it’s important to understand that most discount credits are not given the the whole policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Popular auto insurance companies and some of their more popular discounts are included below.

  • Farmers Insurance has savings for switch companies, distant student, alternative fuel, business and professional, pay in full, and early shopping.
  • Esurance may have discounts that include good driver, paid-in-full, good student, anti-theft, and claim free.
  • State Farm includes discounts for good student, multiple autos, accident-free, driver’s education, and Drive Safe & Save.
  • Geico offers discounts including multi-vehicle, federal employee, air bags, military active duty, daytime running lights, and membership and employees.
  • Allstate may include discounts for farm vehicle, senior citizen, utility vehicle, passive restraint, premier plus, eSmart discount, and early signing.

Check with all companies you are considering which discounts can lower your rates. Some of the discounts discussed earlier might not apply in every state. If you would like to view auto insurance companies that offer many of these discounts, follow this link.

How to buy auto insurance

There are a lot of ways to compare auto insurance quotes, and some are less time-consuming than others. You could waste a few hours talking about coverages with local insurance agents in your area, or you could use the web to get rate comparisons in just a few minutes.

The majority of car insurance companies take part in a program that allows shoppers to submit their information once, and each company returns a rated price based on the submitted data. This prevents consumers from doing quote requests to each individual auto insurance company.

To find out what other companies charge click to open in new window.

The only drawback to using this type of system is that consumers can’t choose which insurance companies you want to price. So if you want to select specific providers to request quotes from, we have assembled a list of low cost auto insurance companies in your area. Click here to view list.

The approach you take is up to you, just make sure you compare exactly the same coverage information on every price quote you get. If you compare different limits and deductibles on each one it will be next to impossible to determine the lowest rate for your Mercedes-Benz SLS AMG. Just slight variations in insurance coverages or limits may cause a big price difference. Keep in mind that comparing more quotes helps improve the odds of finding the best offered rates.

Insurance rate influencing factors

A large part of saving on car insurance is knowing the factors that are used to determine your car insurance rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Multiple criteria are part of the calculation when quoting car insurance. Some are obvious such as your driving record, although some other factors are not as apparent like your continuous coverage or your financial responsibility.

Shown below are some of the major factors that factor into rates.

  • Your gender affects rates – Statistics show that men are more aggressive behind the wheel. Now that doesn’t mean males are worse at driving than females. They both are in auto accidents at a similar rate, but men tend to have higher claims. Men also statistically receive more costly citations like reckless driving and DUI.
  • Low stress job equals lower rates – Did you know that where you work can have an impact on rates? Occupations such as fire fighters, architects and medical professionals generally pay higher average rates due to high stress levels and extremely grueling work hours. Other professions such as professors, students and retirees have lower than average premiums for SLS AMG insurance.
  • Proper usage rating affects prices – The more miles you rack up on your Mercedes-Benz every year the higher your rate. A lot of insurance companies charge rates based on how the vehicle is used. Autos that sit idle most of the time cost less to insure than those that get driven frequently. Improper usage on your SLS AMG can result in significantly higher rates. Ask your agent if your car insurance policy states the correct driver usage.
  • Get hitched and get cheaper rates – Having a spouse can actually save you money when shopping for car insurance. Marriage demonstrates that you tend to be more financially stable and insurance companies reward insureds because married drivers tend to have fewer serious accidents.
  • Vehicle theft costs us all – Driving a car with anti-theft technology or alarm system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping auto theft.

Don’t assume everyone needs the same insurance coverage

When choosing proper insurance coverage, there really is not a cookie cutter policy. Every situation is different.

For instance, these questions may help you determine if your insurance needs will benefit from professional help.

  • If my pet gets injured in an accident are they covered?
  • What is medical payments coverage?
  • Am I covered by my spouse’s policy after a separation?
  • Are there companies who specialize in insuring high-risk drivers?
  • What is roadside assistance coverage?
  • When can my company non-renew my policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What is the minimum liability in my state?

If you can’t answer these questions then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form.

Switch companies and save? Really?

Car insurance providers like Progressive, Geico, Allstate and State Farm consistently run television and radio advertisements. They all seem to make the same claim that drivers can save some big amount if you get a free insurance quote and switch your policy. How does each company have lower policy pricing? You have to listen carefully.

Different companies give the best rates for the type of customer that will not have excessive claims. An example of a desirable risk could be over the age of 35, has had continuous coverage, and drives a lower-performance vehicle. A driver that meets those criteria receive the lowest rate quotes and will most likely save if they switch.

Potential customers who don’t qualify for the “perfect” profile must pay higher premiums which leads to the customer not purchasing. The trick is to say “drivers that switch” not “everyone that quotes” can save as much as they claim. This is how companies can advertise the savings.

Because each company has a different risk profile, you really should do a quote comparison often. It’s just too difficult to predict the company that will provide you with the cheapest rates.

Insurance coverage breakdown

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like X-ray expenses, prosthetic devices, dental work, funeral costs and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz SLS AMG.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive (Other than Collision) – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims like falling objects, damage from flooding and a broken windshield. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability – This can cover damage or injury you incur to people or other property. This insurance protects YOU against other people’s claims. It does not 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. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as loss of income, bail bonds, medical services and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Collision coverages – Collision coverage will pay to fix damage to your SLS AMG from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Save your cold hard cash

We covered some good ideas how you can shop for 2012 Mercedes-Benz SLS AMG insurance online. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the best premium rates are with some of the lesser-known companies.

Some insurance coverage companies do not provide internet price quotes and these small, regional companies sell through independent agents. Lower-priced 2012 Mercedes-Benz SLS AMG insurance is attainable on the web and from local agencies, and you need to price shop both in order to have the best price selection to choose from.

When buying insurance coverage, you should never sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice full coverage only to find out they didn’t purchase enough coverage. Your objective should be to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

More resources