2003 Mercedes-Benz SL-Class Insurance Rates

Want better insurance coverage rates for your Mercedes-Benz SL-Class? Scraping up a payment for overpriced Mercedes-Benz SL-Class insurance can take a big chunk out of your checking account and put the squeeze on your family’s finances. Comparing price quotes is a great way to help make ends meet.

Many auto insurance companies compete for your business, and it can be difficult to compare rates and get the definite cheapest price

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But drivers can benefit by having an understanding of the way companies price insurance differently and apply this information to your search.

You probably qualify for some discounts

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known savings tricks you should be using.

  • Drivers Education – Have your child enroll in driver’s education if it’s offered in school.
  • Safe Drivers – Drivers who don’t get into accidents may save up to 50% more on SL-Class coverage than less cautious drivers.
  • Save over 55 – Older drivers may qualify for a small decrease in premiums on SL-Class coverage.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Low Mileage – Fewer annual miles on your Mercedes-Benz could be rewarded with better rates on cars that stay parked.
  • College Student – Youth drivers who attend school more than 100 miles from home and do not have a car may qualify for this discount.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most cut individual premiums such as comprehensive or collision. So when it seems like you can get free auto insurance, companies wouldn’t make money that way.

A partial list of companies who might offer these money-saving discounts are:

Check with each insurance company which discounts they offer. All car insurance discounts may not be available in your state.

Auto Insurance Comparisons

There are a variety of methods to compare 2003 Mercedes-Benz SL-Class auto insurance prices and some are less time-consuming than others. You could waste time talking to agents in your area, or you can stay home and use the web to achieve your goal.

Most of the larger companies participate in a marketplace where insurance shoppers only type in their quote data once, and each company can give them a price based on the submitted data. This eliminates the need for quotation requests for every auto insurance company.

To participate in this free quote system, click here to start a free quote.

The single downside to comparing rates this way is that you can’t choose which insurance companies to get quotes from. So if you want to select specific insurance companies to compare, we have a listing of low cost auto insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but double check that you are using exactly the same information with every price quote. If each company quotes different liability limits you will not be able to truly determine the lowest rate. Just a small difference in insurance coverages could mean much higher rates. And when comparing auto insurance rates, know that more quotes helps you find the best rates.

There’s no such thing as the perfect policy

When it comes to choosing coverage for your personal vehicles, there isn’t really a perfect coverage plan. Each situation is unique and your policy should reflect that. For example, these questions can aid in determining whether or not you may require specific advice.

  • Is my dog or cat covered if injured in an accident?
  • Is a new car covered when I drive it off the dealer lot?
  • Why do I only qualify for high-risk insurance?
  • Am I insured when driving a different vehicle?
  • How much liability insurance is required?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does my policy pay for OEM or aftermarket parts?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Specific coverage details

Having a good grasp of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by insurance companies.

Auto collision coverage

This coverage covers damage to your SL-Class caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with a tree, hitting a parking meter, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from getting keyed, hail damage, a broken windshield and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance

This coverage will cover injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims such as legal defense fees, medical services, repair costs for stationary objects, attorney fees and medical expenses. How much coverage you buy is up to you, but consider buying as much as you can afford.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like prosthetic devices, pain medications, hospital visits, rehabilitation expenses and dental work. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Uninsured and underinsured coverage

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Mercedes-Benz SL-Class.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

At the end of the day…

Cost effective 2003 Mercedes-Benz SL-Class insurance can be purchased from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies do not offer the ability to get a quote online and these small, regional companies work with independent agents.

When you buy insurance online, you should never sacrifice coverage to reduce premiums. There are too many instances where someone dropped liability coverage limits and found out when filing a claim that the savings was not a smart move. The proper strategy is to buy the best coverage you can find at a price you can afford.

In this article, we covered a lot of techniques to lower your insurance rates. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising. They can often provide lower rates in certain areas than the large multi-state companies such as Progressive or Geico.

Additional car insurance information can be read below: