View 2002 Mercedes-Benz SL-Class Car Insurance Rates

Want cheaper insurance rates for your Mercedes-Benz SL-Class? If online insurance comparisons are new to you, it’s easy to get confused by the vast number of online companies offering coverage.

Save with discounts on Mercedes-Benz SL-Class insurance

Insuring your fleet can be pricey, but there could be available discounts to help offset the cost. Larger premium reductions will be automatically applied at the time of purchase, but some must be asked about before you will receive the discount.

  • Defensive Driver – Taking a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Accident Forgiveness – Certain companies permit an accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Low Mileage Discounts – Keeping the miles down on your Mercedes-Benz could be rewarded with lower rates on the low mileage vehicles.
  • Paperless Signup – A few companies give back up to $50 simply for signing on their website.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts can save up to 15% off your PIP or medical payments premium.
  • 55 and Retired – Mature drivers may be able to get a discount up to 10% for SL-Class coverage.
  • Distant Student – Youth drivers living away from home attending college and do not have a car may be able to be covered for less.
  • No Claims – Good drivers with no accidents pay less compared to accident-prone drivers.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.

Keep in mind that most discount credits are not given to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates you could get a free insurance policy, you won’t be that lucky. But all discounts will cut the amount you have to pay.

To see a list of insurers who offer insurance discounts, follow this link.

How to Get Auto Insurance

Comparing auto insurance rates can be exhausting if you don’t utilize the easiest way. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you can utilize online quoting to accomplish the same thing much quicker.

Many of the larger companies belong to an insurance system where prospective buyers submit one quote, and each company then returns a price quote for coverage. This system prevents you from having to do form submissions for every auto insurance company.

To find out what other companies charge for 2002 Mercedes-Benz SL-Class insurance click here (opens in new window).

The only downside to using this type of system is that consumers can’t choose which insurance companies you will receive quotes from. So if you prefer to pick individual companies for rate comparison, we put together a list of auto insurance companies in your area. Click to view list.

Which method you use is up to you, but make darn sure you compare apples-to-apples quote information for each price quote. If you are comparing differing limits it will be next to impossible to make a fair comparison for your Mercedes-Benz SL-Class. Slightly different limits can result in a big premium difference. And when comparison shopping, comparing a large number of companies will improve the odds of getting the best rates.

Tailor your coverage to you

When buying the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether your personal situation would benefit from professional advice.

  • Is my custom paint covered by insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • I have a DUI can I still get coverage?
  • Who is covered by my policy?
  • How can I find cheaper teen driver insurance?
  • What is the rate difference between pleasure use and commuting?
  • Does insurance cover damages from a DUI accident?
  • Does my car insurance cover rental cars?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form.

Car insurance 101

Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for surgery, pain medications, funeral costs and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This will pay to fix damage to your SL-Class caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, crashing into a building and colliding with a tree. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Liability coverages

Liability insurance protects you from damage or injury you incur to people or other property in an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like attorney fees, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as vandalism, rock chips in glass, theft and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally these limits are identical to your policy’s liability coverage.

Be a money saver!

People who switch companies do it for a number of reasons such as delays in responding to claim requests, unfair underwriting practices, delays in paying claims and being labeled a high risk driver. Regardless of your reason, finding the right car insurance provider can be easy and end up saving you some money.

As you go through the steps to switch your coverage, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice physical damage coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

In this article, we covered many tips how you can reduce 2002 Mercedes-Benz SL-Class insurance prices online. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. Drivers may discover the lowest premiums are with the least-expected company.

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