1998 Mercedes-Benz SL-Class Insurance Rates – 9 Tips to Save

Overwhelmed by the dozens of insurance companies? You have a lot of company. People have so many companies to choose from that it can turn into more work than you anticipated to find better rates.

It is always a good idea to do rate comparisons at least once a year since rates tend to go up over time. Even if you got the best rates on SL-Class insurance on your last policy you can probably find a better price now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to the quickest way to reduce your cost while improving coverage.

How to Compare Insurance Coverage

When shopping for insurance coverage there are multiple ways of comparing price quotes from insurance coverage companies in your area. The fastest way to find the lowest 1998 Mercedes-Benz SL-Class rates consists of obtaining rate quotes online. This is very easy and can be done in several different ways.

  1. The best way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This method eliminates the need for boring form submissions for every insurance coverage company. Completing one form compares rates from insurance coverage companies with the best prices.It’s the quickest way to get rates.
  2. A different way to get quotes online is spending the time to visit the website for each individual company to request a price quote. For examples sake, we’ll assume you want to compare rates from Geico, Esurance and American Family. You would have to visit each site to input your insurance information, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The least recommended method to get comparison rates is to spend time driving to local insurance agencies. Buying insurance online makes this process obsolete unless you have a need for the personal advice that only a license agent can provide. However, consumers can find lower rates online but still have the advice of a local agent and we’ll touch on that later.

It’s your choice how you get your quotes, but ensure you’re using identical coverages for each comparison quote. If each company quotes mixed coverages you will not be able to determine the lowest rate for your Mercedes-Benz SL-Class. Quoting even small variations in coverages may result in a large different in cost. Just remember that having more price comparisons will enable you to find lower pricing.

Discounts are basically free money

Companies offering auto insurance do not advertise all their discounts very well, so here is a list some of the best known and the harder-to-find discounts you could be receiving.

  • Homeowners Discount – Simply owning a home may trigger a auto insurance policy discount due to the fact that maintaining a home demonstrates responsibility.
  • Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up online.
  • Club Memberships – Affiliation with a professional or civic organization is a good way to get lower rates on auto insurance on SL-Class insurance.
  • Claim Free – Drivers with accident-free driving histories pay less compared to drivers who are more careless.
  • Life Insurance Discount – Larger companies have lower rates if you buy life insurance.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Drive Less and Save – Fewer annual miles on your Mercedes-Benz could be rewarded with lower rates on the low mileage vehicles.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Driver Safety – Successfully completing a defensive driving course could save 5% or more if you qualify.

Keep in mind that most discounts do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way.

Insurance companies that may have these benefits are:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Some discounts might not be offered everywhere.

Which insurance is the “right” coverage?

When it comes to choosing proper insurance coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my Mercedes-Benz SL-Class covered if I use it for business?
  • How can I force my company to pay a claim?
  • Is my babysitter covered when using my vehicle?
  • Do I pay less if my vehicle is kept in my garage?
  • Does medical payments coverage apply to all occupants?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form.

The coverage is in the details

Understanding the coverages of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

Liability insurance

Liability insurance will cover injuries or damage you cause to other people or property. It protects YOU against claims from other people, and doesn’t 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 commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability insurance covers claims such as pain and suffering, funeral expenses, repair bills for other people’s vehicles and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive coverages

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, hitting a bird, theft and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for collisions

Collision coverage covers damage to your SL-Class from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with another moving vehicle, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Med pay and PIP coverage reimburse you for expenses for things like EMT expenses, ambulance fees and surgery. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Shop. Compare. Save.

Low-cost 1998 Mercedes-Benz SL-Class insurance is definitely available both online and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some companies may not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. In too many instances, an insured dropped full coverage only to regret that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

Throughout this article, we presented many ideas to lower your insurance rates. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may discover the biggest savings come from some of the lesser-known companies.

Even more information is available in the articles below: