Compare 1994 Mercedes-Benz SL-Class Car Insurance Rates

Shoppers have lots of choices when shopping for the best price on Mercedes-Benz SL-Class insurance. You can either waste hours contacting agents trying to get quotes or save time using the internet to make rate comparisons. There are both good and bad ways to find car insurance online and we’ll show you the quickest way to get price quotes for a new or used Mercedes-Benz and locate the cheapest rates either online or from local insurance agents.

It’s a good idea to price shop coverage on a regular basis since rates change frequently. Even if you got the best rates on SL-Class coverage on your last policy there is a good chance you can find better rates now. You can find a lot of wrong information about car insurance on the web, but we’re going to give you some excellent ideas to quit paying high car insurance rates.

Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Drivers only need an understanding of the most effective way to find the lowest price online.

Low Cost Insurance Coverage

There are a lot of ways to shop for insurance coverage, and some are more efficient than others. You could waste time talking to insurance companies in your area, or you could save time and use the web to accomplish the same thing much quicker.

Many insurance companies take part in a program where prospective buyers submit one quote, and each company provides a quote based on that data. This prevents consumers from doing quote forms for each company.

To submit your quote information now, click here (opens in new window).

The only drawback to doing it this way is you don’t know exactly the insurers you will receive quotes from. If you would rather choose from a list of companies to receive pricing from, we have a listing of low cost insurance coverage companies in your area. Click to view list.

It’s up to you how you get prices quotes, just ensure you’re using exactly the same coverages with every price quote. If you compare different liability limits it’s not possible to decipher which rate is best.

Discounts are basically free money

Car insurance companies do not advertise all available discounts very well, so here is a list both well-publicized and also the lesser-known auto insurance savings. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Life Insurance – Some companies give lower rates if you buy life insurance from them.
  • Multi-policy Discount – When you combine your home and auto insurance with one company you will save at least 10% off all policies.
  • Air Bag Discount – Vehicles with factory air bags can receive discounts of 20% or more.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.

Keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky.

To see a list of companies who offer auto insurance discounts, click here to view.

Mercedes-Benz SL-Class insurance rates have many determining factors

An important part of buying insurance is that you know the different types of things that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that may reward you with lower auto insurance prices.

Shown below are a partial list of the pieces that factor into rates.

  • Multi-policy discounts can save money – The majority of insurance companies will award you with lower prices to insureds who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to verify if the discount is saving money. Consumers may find a better deal by buying auto insurance from a different company.
  • Rates may be higher depending on your occupation – Did you know that where you work can have an impact on rates? Careers like real estate brokers, business owners and dentists have the highest average rates due to high stress and long work hours. Other occupations such as farmers, historians and performers get better rates on SL-Class coverage.
  • Do you have enough liability coverage? – Liability insurance is the coverage that protects you if a jury decides you are liable for damages caused by your negligence. It will provide for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Lower miles equals lower premium – The more you drive in a year’s time the higher your rate. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks left parked in the garage can get a lower rate than those used for commuting. Make sure your auto insurance policy properly reflects the correct driver usage, because it can save money. If your policy improperly rates your SL-Class may be costing you.
  • Rural vs Urban Areas – Living in a small town has it’s advantages when buying auto insurance. Lower population translates into fewer accidents and also fewer theft and vandalism claims. Urban drivers tend to have congested traffic and longer commutes to work. Longer commute distances translates into higher accident risk.
  • Too many auto insurance claims drive up costs – Car insurance companies award cheaper rates to drivers who are claim-free. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Adjust deductibles and save – Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your Mercedes-Benz from damage. Examples of covered claims are colliding with a building, collision with an animal, or theft. The deductibles are the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you’re willing to pay, the less your auto insurance will be on SL-Class coverage.

Which insurance is the “right” coverage?

When it comes to buying proper insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different.

For instance, these questions may help highlight if your situation could use an agent’s help.

  • What is the rate difference between pleasure use and commuting?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my camper covered by my car insurance policy?
  • How high should my medical payments coverage be?
  • Are split liability limits better than a combined single limit?
  • Where can I find high-risk insurance?
  • Do I need special endorsements for business use of my vehicle?
  • Is a blown tire covered by insurance?
  • Should I sign the liability waiver when renting a car?
  • Are all vehicle passengers covered by medical payments coverage?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance coverages 101

Understanding the coverages of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

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

Comprehensive coverage protects against claims like falling objects, a tree branch falling on your vehicle and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz SL-Class.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for short-term medical expenses such as nursing services, prosthetic devices, ambulance fees, rehabilitation expenses and X-ray expenses. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability coverages – Liability insurance will cover damage or injury you incur to other’s property or people. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for claims like bail bonds, legal defense fees, funeral expenses, attorney fees and structural damage. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Collision coverages – This coverage pays for damage to your SL-Class resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like sustaining damage from a pot hole, sideswiping another vehicle, hitting a parking meter and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Be a Smart Shopper

You just learned some good ideas how you can shop for 1994 Mercedes-Benz SL-Class insurance online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from an unexpected company.

While you’re price shopping online, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced physical damage coverage to discover at claim time that it was a big mistake. The ultimate goal is to buy a smart amount of coverage at the best price, not the least amount of coverage.

Affordable insurance can be bought on the web as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies don’t offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

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