Save on 2012 Mercedes-Benz SLS AMG Car Insurance Rates

Having to pay for overpriced car insurance can overdraw your savings account, especially in this economy. Comparison shopping is a great way to reduce premiums and put more money in your pocket. There are many insurers to insure vehicles with, and although it’s nice to have a selection, it can be more challenging to find the lowest cost provider.

Consumers should take time to shop coverage around before your policy renews because insurance rates are variable and change quite frequently. Even if you think you had the best deal on SLS AMG insurance six months ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to learn the easiest way to reduce your cost while improving coverage.

Comprehensive Insurance Coverage Comparison

All the larger insurance coverage companies like State Farm, Allstate and Geico give prices for coverage on the web. Getting online quotes is fairly straightforward as you simply enter the coverages you want into a form. After you submit the form their system automatically orders your credit score and driving record and quotes a price. Being able to quote online simplifies rate comparisons, but the process of having to visit several different sites and fill out multiple forms can be a bit tiresome and repetitive. But it’s very important to have as many quotes as possible if you are searching for lower prices.

The smarter way to lower your insurance coverage bill requires only one form to return rates from more than one company. It’s a real time-saver, eliminates form submissions, and makes online quotes much simpler. After sending your information, it is rated with multiple companies and you can pick your choice of the resulting price quotes. If you find a better price you can simply submit the application and buy the new coverage. It can be completed in less than 10 minutes and you will know how your current rates stack up.

To quickly get comparison pricing now, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend you duplicate the limits and deductibles as shown on your current policy. Using the same limits helps guarantee you will have a rate comparison based on identical coverages.

Don’t believe everything you hear

Consumers constantly see and hear ads for car insurance savings from the likes of State Farm, Allstate and Geico. They all seem to say the same thing that you’ll save big if you switch your coverage to them.

But how can every company make almost identical claims? It’s all in the numbers.

All the different companies have a preferred profile for the driver that is profitable for them. For instance, a desirable insured could be between 25 and 40, owns a home, and has excellent credit. A propective insured who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential customers who fall outside the requirements will be quoted higher premiums which usually ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “people who quote” save that kind of money. This is how insurance companies can make the claims of big savings. This emphasizes why you absolutely need to get a wide range of price quotes. Because you never know the company that will fit your personal profile best.

Factors determining your Mercedes-Benz SLS AMG insurance premium

It’s important that you understand some of the elements that go into determining the price you pay for auto insurance. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

Listed below are a partial list of the pieces that factor into prices.

  • Do you have enough liability coverage? – Liability insurance is the protection if ever a court rules you are at fault for damages caused by your negligence. Liability provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • Traffic citations inflate rates – Even one citation can boost insurance rates by twenty percent. Careful drivers receive lower rates compared to drivers with tickets. If you have flagrant violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
  • Your auto insurance rates can be influenced by your job – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as doctors, business owners and accountants tend to have higher rates than average due to high stress and lots of time spent at work. On the flip side, occupations such as scientists, athletes and homemakers receive lower rates on SLS AMG insurance.
  • Are you male or female? – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Both sexes have accidents in similar percentages, but the men have costlier accidents. Men also statistically have more aggressive citations like reckless driving and DUI. Young males tend to get in the most accidents and are penalized with high auto insurance rates.
  • Optional equipment can affect rates – Owning a car with an alarm system can save you a little every year. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • One company can mean more discounts – The majority of insurance companies will award you with lower prices to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to verify if the discount is saving money. Consumers may find better rates by insuring with multiple companies.
  • How your age affects price – More mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers. Young drivers have a tendency to be less responsible when driving and because of this, their auto insurance rates are much higher.

Companies offer discounts so take them!

Companies don’t always advertise every available discount very well, so here is a list some of the best known and also the lesser-known discounts you could be receiving. If you don’t get every credit available, you’re just leaving money on the table.

  • Passive Restraints and Air Bags – Factory air bags can qualify for discounts of up to 25% or more.
  • Claim Free – Drivers with accident-free driving histories can save substantially when compared to bad drivers.
  • Senior Discount – Older drivers can possibly qualify for a small decrease in premiums on SLS AMG insurance.
  • Safe Drivers – Insureds without accidents may receive a discount up to 45% less on SLS AMG insurance than less cautious drivers.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • Employee of Federal Government – Simply working for the federal government could cut as much as 10% off on SLS AMG insurance with a few insurance companies.
  • Paperless Signup – A handful of insurance companies give back up to $50 for buying a policy and signing up over the internet.
  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way.

Insurance companies that may offer some of the above discounts may include but are not limited to:

Double check with each insurance company what discounts are available to you. Discounts may not be available in your state.

Do I just need basic coverages?

When choosing adequate coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions can aid in determining if your situation may require specific advice.

  • Do I need replacement cost coverage?
  • If my 2012 Mercedes-Benz SLS AMG is totaled, can I afford another vehicle?
  • Does insurance cover damages from a DUI accident?
  • Is business equipment covered while in my vehicle?
  • Do I need motorclub coverage?
  • Does my medical payments coverage pay my health insurance deductible?
  • When does my teenage driver need to be added to my policy?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I rent a car in Mexico?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Learn about car insurance coverages for a Mercedes-Benz SLS AMG

Understanding the coverages of a car insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on most car insurance policies.

Collision coverage – This coverage will pay to fix damage to your SLS AMG resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with another moving vehicle, rolling your car and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Liability coverages – This will cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability 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 a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims like attorney fees, emergency aid and loss of income. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Comprehensive coverages – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from a tornado or hurricane, damage from flooding and falling objects. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for bills for things like surgery, nursing services, X-ray expenses and hospital visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz SLS AMG.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Be a smart shopper

Cost effective 2012 Mercedes-Benz SLS AMG insurance can be purchased both online in addition to many insurance agents, so compare prices from both to get a complete price analysis. There are still a few companies who do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

In this article, we presented some good ideas how to compare insurance prices online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Consumers may even find the best price on auto insurance is with the least-expected company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

To read more, link through to the following helpful articles: