View 2015 Mercedes-Benz SL-Class Insurance Quotes

There isn’t anyone who rejoices having to buy auto insurance, especially knowing their premiums are too high.

Because there are so many companies and agents to choose from, it can be hard to choose the lowest cost insurance company.

It’s a great practice to get comparison quotes yearly because auto insurance prices are rarely the same from one policy term to another. Just because you had the lowest price on SL-Class coverage a few years ago you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the only way to lower your rates without sacrificing coverage.

How to lower your insurance premiums

Multiple criteria are used when pricing auto insurance. Some of the criteria are obvious like an MVR report, although some other factors are more obscure such as whether you are married or your commute time.

  • Safer occupants lowers prices – Vehicles with high crash test scores tend to have lower insurance rates. Vehicles built for safety reduce the chance of injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Save by driving less – The more you drive in a year the higher your rates will be. Most companies calculate prices based on their usage. Cars that sit idle most of the time qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your vehicle rating is showing the right rating data, because it can save money. Incorrect rating for your SL-Class can result in significantly higher rates.
  • Women tend to take less risk – Statistics demonstrate that women are safer drivers than men. That doesn’t necessarily mean that males are worse at driving than females. They both are in fender benders at a similar rate, but males cause more damage and cost insurance companies more money. Men also statistically get ticketed for serious violations like reckless driving and DUI. Males from age 16 to 21 are several times more likely to be in an accident and thus pay the highest rates.
  • Liability insurance safeguards assets – The liability coverage on your policy will protect you if a jury decides you are liable for personal injury or accident damage. Liability insurance provides for a legal defense to attempt to prove you were not liable. Liability is cheap compared to comp and collision, so insureds should have plenty of protection for their assets.
  • Your location is important – Choosing to live in less populated areas may provide you with better prices when shopping for auto insurance. Drivers in populated areas regularly have congested traffic and more severe claims. Fewer drivers on the road means fewer accidents in addition to fewer liability claims.

The cheapest auto insurance

To find more affordable quotes, there are a couple of ways to obtain and compare prices from auto insurance companies in your area. The best way to compare rates is to use the internet to compare rates. It is quite easy and can be accomplished in just a few minutes using one of these methods.

Without a doubt, the easiest way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This style of form keeps you from doing boring form submissions for each price estimate. A single form will return price quotes from multiple low-cost companies.

Another way to analyze rates consists of visiting the website for each individual company and repeat the quote process. For instance, let’s say you want to compare prices for Allstate, Liberty Mutual and GMAC. You would have to spend time on each company’s site and repeatedly enter your information, which is not fast way to get rate quotes.

For a list of links to companies insuring cars in your area, click here.

It’s up to you how you get prices quotes, just be certain you are entering equivalent coverages with each company. If you compare higher or lower deductibles it will be next to impossible to truly determine the lowest rate. Even a minor difference in coverages may result in a large different in cost. And when quoting auto insurance, remember that comparing more quotes gives you a better chance of getting the best price. Not every company allows you to get rate quotes online, so it’s recommended that you also compare price estimates from them, too.

Take policy discounts and save

The price of auto insurance can be rather high, but there may be some discounts that you may not even know about. Certain discounts will be triggered automatically at quote time, but a few must be requested specifically before you will receive the discount.

  • Pay Now and Pay Less – If you pay your bill all at once rather than paying in monthly installments you could save 5% or more.
  • Telematics Data – People who choose to allow their insurance company to analyze when and where they use their vehicle by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could see a rate decrease if they have good driving habits.
  • Government Employee Discount – Simply working for the federal government could cut as much as 10% off on SL-Class coverage but check with your company.
  • Resident Student – Older children who attend college more than 100 miles from home and do not take a car to college may be insured at a cheaper rate.
  • Early Renewal Discounts – Some companies reward drivers for buying a new policy before your current expiration date. It’s a savings of about 10%.
  • Smart Student Discounts – Excelling in school may save you up to 25%. Many companies even apply the discount to college students until age 25.

Just know that most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck.

To see a list of insurers with discount car insurance rates, click here to view.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight if your insurance needs may require specific advice.

  • Why is insurance for a teen driver so high?
  • Can I make deliveries for my home business?
  • Should I carry comprehensive and collision coverage?
  • Am I covered if hit by an uninsured driver?
  • How does medical payments coverage work?
  • Will my insurance pay for OEM parts?
  • Should I buy only the required minimum liability coverage?
  • How can I force my company to pay a claim?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

The coverage is in the details

Knowing the specifics of a auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the normal coverages offered by auto insurance companies.

Coverage for liability – Liability insurance can cover damage that occurs to people or other property. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers things such as court costs, structural damage and medical expenses. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Medical expense insurance – Med pay and PIP coverage provide coverage for expenses such as pain medications, doctor visits, prosthetic devices, funeral costs and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision – This pays for damage to your SL-Class caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a building, sustaining damage from a pot hole, colliding with a tree and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive (Other than Collision) – This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a broken windshield, damage from a tornado or hurricane, damage from getting keyed and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Buy online or local, you save

Affordable 2015 Mercedes-Benz SL-Class insurance can be sourced from both online companies as well as from insurance agents, and you need to price shop both to have the best rate selection. Some car insurance companies don’t offer the ability to get a quote online and these small insurance companies work with independent agents.

As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an insured dropped collision coverage to discover at claim time that the savings was not a smart move. The proper strategy is to find the BEST coverage at the lowest possible cost, but don’t skip important coverages to save money.

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