2012 Mercedes-Benz SL-Class Car Insurance Cost

Searching for lower insurance rates for your Mercedes-Benz SL-Class? Did you fall for a flashy sales pitch and buy overpriced insurance? Trust us when we tell you there are many people just like you.

Companies like Allstate, Liberty Mutual and State Farm increase brand awareness with advertising and it is difficult to sift through the bull and find the best price available.

How to reduce Mercedes-Benz SL-Class insurance rates

Car insurance companies don’t necessarily list all available discounts very clearly, so we break down both well-publicized and the harder-to-find discounts you could be receiving.

  • Discount for Swiching Early – A few companies offer discounts for switching policies prior to your current policy expiration. The savings is around 10%.
  • Auto/Home Discount – When you have multiple policies with one insurance company you will save at least 10% off all policies.
  • Discount for Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
  • Paperwork-free – A few companies may give you up to $50 for buying a policy and signing up over the internet.
  • Good Student Discount – Performing well in school can save 20 to 25%. The discount lasts well after school through age 25.

It’s important to understand that some of the credits will not apply to the overall cost of the policy. Most cut individual premiums such as comprehensive or collision. Even though it may seem like adding up those discounts means a free policy, it just doesn’t work that way.

Car insurance companies who might offer some of the above discounts may include but are not limited to:

Double check with each company how you can save money. Savings might not apply in your area.

Impacting insurance rates for a Mercedes-Benz SL-Class

An important part of buying insurance is that you know the factors that help determine your insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that will entitle you to better insurance rates.

  • Clean credit earns discounts – Having a bad credit score is a large factor in determining your rates. If your credit score is lower than you’d like, you could potentially save money when insuring your 2012 Mercedes-Benz SL-Class by spending a little time repairing your credit. People with excellent credit tend to be more responsible as compared to drivers with poor credit.
  • Don’t let your coverage lapse – Having an insurance coverage lapse will be a guaranteed way to bump up your insurance costs. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.You may need to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Save money with special equipment – Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • Do you have enough liability coverage? – The liability section of your policy is the protection if you are found liable for personal injury or accident damage. Liability insurance provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Poor driving leads to higher costs – Your driving citation history has a huge affect on how much you pay. Just one moving violation can boost insurance rates by as much as thirty percent. Careful drivers receive lower rates than bad drivers. Drivers who have serious citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 form with the DMV in their state in order to continue driving.
  • An active claims history can cost you – Auto insurance companies generally give better rates to policyholders who do not rely on their insurance for small claims. If you file claims often, you can definitely plan on either higher rates or even cancellation. Your insurance policy is designed for the large, substantial claims.

Tailor your coverage to you

When buying proper insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions may help you determine if your insurance needs might need an agent’s assistance.

  • Does insurance cover damages from a DUI accident?
  • Does my insurance cover my expensive audio equipment?
  • What is the difference between comprehensive and collision coverage?
  • What is roadside assistance coverage?
  • Where can I get insurance after a DUI in my state?
  • Am I covered by my spouse’s policy after a separation?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I need special endorsements for business use of my vehicle?
  • Do I have coverage for damage caused while driving under the influence?
  • Does my car insurance cover rental cars?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

The insurance bait and switch

Companies like State Farm, Geico and Progressive consistently run television and radio advertisements. All the ads say the same thing of big savings if you change to them. How does each company make the same claim?

Insurance companies are able to cherry pick for the type of driver that is profitable for them. For instance, a desirable insured might be between the ages of 40 and 55, a clean driving record, and has great credit. A customer who fits that profile will get very good rates and therefore will save when they switch companies.

Consumers who do not match these standards will be quoted a higher premium and this can result in business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save that much money. That is how companies can truthfully make those claims. This emphasizes why drivers must get quotes from several different companies. You cannot predict which insurance company will have the lowest Mercedes-Benz SL-Class insurance rates.

Auto insurance coverage options for a Mercedes-Benz SL-Class

Knowing the specifics of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages found on most auto insurance policies.

Liability coverages

Liability insurance will cover injuries or damage you cause to other people or property in an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage pays for claims such as attorney fees, medical services, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

Collision insurance pays for damage to your SL-Class resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sideswiping another vehicle, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive protection

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like falling objects, a broken windshield, theft and hitting a deer. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for surgery, hospital visits and dental work. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Take this to the bank

Cheaper 2012 Mercedes-Benz SL-Class insurance can be sourced online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. There are still a few companies who do not offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

You just learned a lot of tips how to save on insurance. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest premiums are with a lesser-known regional company. Regional companies may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.

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