How Much Does 1996 Mercedes-Benz SL-Class Insurance Cost?

Searching for better insurance rates for your Mercedes-Benz SL-Class? Searching for the cheapest insurance online can seem to be somewhat difficult for beginners to comparing rates online. When there are so many insurance companies available, how can drivers have a chance to compare every one to find the cheapest rates?

It’s a good idea to check insurance prices on a regular basis because rates change regularly. If you had the best price on SL-Class coverage a few years ago you will most likely find a better rate today. Starting now, ignore everything you know about insurance because we’re going to show you one of the best ways to remove unneeded coverages and save money.

How to Lower Your Insurance Coverage Cost

The are a couple different ways to get quotes from insurance coverage companies in your area. The simplest method to compare 1996 Mercedes-Benz SL-Class insurance prices consists of shopping online. This can be done in just a few minutes using one of these methods.

  1. The fastest way to get the best comparison quotes is a comparison rater form click to view form in new window. This method prevents you from having to do boring form submissions for each company. A single form compares rates from all major companies. It’s definitely the quickest method.
  2. A less efficient way to get comparison quotes consists of going to each company website to complete a price quote. For sake of this example, we’ll assume you want to compare State Farm, 21st Century and Progressive. To get rate quotes you would need to go to every website and enter your information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

However you get your quotes, make absolute certain that you use exactly the same coverage information for every quote you compare. If the quotes have higher or lower deductibles it will be very difficult to find the best deal for your Mercedes-Benz SL-Class. Slightly different insurance coverages can mean a large discrepancy in price. Keep in mind that obtaining a wide range of quotes will increase your chances of finding the best price.

Mercedes-Benz SL-Class insurance premiums are calculated by many factors

Consumers need to have an understanding of the factors that go into determining your insurance coverage rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

Listed below are a partial list of the pieces used by your company to calculate rates.

  • Your job and insurance rates – Did you know your job can affect your rates? Occupations like doctors, architects and dentists tend to pay the highest average rates due to stressful work requirements and lots of time spent at work. Other professions such as scientists, historians and performers have the lowest average rates on SL-Class coverage.
  • Pleasure use saves money – The more you drive in a year’s time the higher your rate. The majority of insurers rate vehicles based upon how you use the vehicle. Cars and trucks not used for work or commuting qualify for better rates compared to those used for work or business. Ask your agent if your insurance coverage policy properly reflects the correct driver usage. If your policy improperly rates your SL-Class may be costing you.
  • Mature drivers pay less – Teenage drivers tend to be careless and easily distracted in a vehicle so insurance coverage rates are higher. Mature drivers are more cautious drivers, file fewer claims and receive fewer citations.
  • Liability coverage is cheap – Liability coverage will protect you if a jury decides you are liable for damages from an accident. Liability insurance provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.
  • What are your deductibles? – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Mercedes-Benz. A few examples of covered claims are a windshield shattered by a rock, damage caused by hail, or theft. Physical damage deductibles are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more money you have to pay, the less your company will charge you for insurance on SL-Class coverage.
  • Theft deterrents lower rates – Driving a car that has an advanced theft prevention system can get you a discount on your insurance coverage. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
  • Drive a safer car and pay less – Cars with high safety ratings get lower rates. Safe vehicles protect occupants better and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Mercedes-Benz SL-Class has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • How many coverages with the same company – Most companies give discounts to customers who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare other company rates to make sure you are getting the best deal.

Discounts are available to cut your rates

Companies don’t list all available discounts in an easy-to-find place, so we break down some of the best known as well as the least known discounts you could be receiving.

  • No Accidents – Drivers with accident-free driving histories can save substantially compared to drivers who are more careless.
  • E-sign – Some insurance companies give back up to $50 for buying a policy and signing up on their website.
  • Drive Less and Save – Fewer annual miles on your Mercedes-Benz can qualify you for discounted rates on garaged vehicles.
  • Senior Citizens – If you qualify as a senior citizen, you may receive a small decrease in premiums on SL-Class coverage.
  • One Accident Forgiven – A few companies permit an accident before raising your premiums if you are claim-free prior to the accident.
  • Government Employees – Employees or retirees of the government may qualify you for a discount on SL-Class coverage depending on your company.
  • Resident Student – Kids in college living away from home attending college and don’t have a car may be able to be covered for less.
  • Driver Safety – Taking part in a defensive driving course could save 5% or more depending on where you live.
  • Good Student – This discount can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in high school.

Consumers should know that some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears you could get a free insurance policy, it doesn’t quite work that way.

Companies that may have these money-saving discounts may include but are not limited to:

Before buying, ask every prospective company what discounts are available to you. Some discounts may not be available in your state.

Everyone needs different coverages

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.

For example, these questions could help you determine whether you would benefit from professional advice.

  • How much liability insurance is required?
  • How high should my uninsured/underinsured coverage be in my state?
  • Why is insurance for a teen driver so high?
  • Does having multiple vehicles earn me a discount?
  • Can I rate high risk drivers on liability-only vehicles?
  • Can I drive in Mexico and have coverage?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form.

Specific coverages for a Mercedes-Benz SL-Class

Learning about specific coverages of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement.

Collision insurance

This coverage pays for damage to your SL-Class resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like crashing into a ditch, colliding with a tree, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Mercedes-Benz SL-Class.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive (Other than Collision)

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, hitting a bird, a tree branch falling on your vehicle and vandalism. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for expenses such as doctor visits, prosthetic devices, hospital visits and pain medications. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance can cover damage or injury you incur to a person or their property in an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for claims like court costs, medical services, funeral expenses, repair bills for other people’s vehicles and pain and suffering. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Best coverage at the best price

While you’re price shopping online, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at an affordable rate while still protecting your assets.

Drivers leave their current company for many reasons like delays in paying claims, questionable increases in premium, lack of trust in their agent or even being labeled a high risk driver. Whatever your reason, finding a new company is not as hard as you think.

The cheapest 1996 Mercedes-Benz SL-Class insurance can be purchased from both online companies and with local insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

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