View 2006 Mercedes-Benz SL-Class Insurance Cost

Are you sick and tired of being strong-armed each month for car insurance? You are in the same boat as many other drivers.

Companies like State Farm, Farmers Insurance, Geico and Allstate all claim big savings, bombarding you with catchy ads and it can be hard to separate fact from fiction and effectively compare rates to find the best deal.

Where Can I Get Cheap Insurance Coverage?

Effectively comparing insurance coverage prices can be a daunting task if you don’t know the fastest way to get free quotes. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you can utilize the internet to get pricing more quickly.

All the larger companies take part in a program where prospective buyers complete one form, and each company can give them a price based on the submitted data. This eliminates the need for quote forms to each individual insurance coverage company.

To find out how much you’re overpaying now click here (opens in new window).

The single downside to using this type of form is you can’t choose which providers you want to price. If you would rather choose specific providers for rate comparison, we put together a list of low cost insurance coverage companies in your area. View list of insurance companies.

However you get your quotes, compare identical quote information on every quote. If your comparisons have mixed coverages it will be very difficult to determine which rate is truly the best. Quoting even small variations in coverage limits can mean a large discrepancy in price. And when quoting insurance coverage, remember that more quotes provides better odds of finding the best price.

Are insurance coverage companies telling the truth?

Companies like 21st Century, Allstate and State Farm continually stream television and radio advertisements. All the ads make the same claim of big savings after switching to their company. How do they all make the same claim?

All companies can use profiling for the driver that earns them a profit. A good example of a profitable customer might be profiled as between the ages of 30 and 50, is a homeowner, and has great credit. A propective insured who meets those qualifications will qualify for the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential customers who fall outside these standards will be quoted higher premiums and this can result in business not being written. The ad wording is “people who switch” not “people who quote” save that much money. This is how companies can truthfully claim big savings. This emphasizes why drivers must get as many quotes as possible. Because you never know which insurance coverage company will fit your personal profile best.

Verify you’re getting all your discounts

Companies offering auto insurance do not list all their discounts very well, so we took the time to find some of the more common as well as the least known discounts you could be receiving.

  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
  • Distant Student – Children who live away from home without a vehicle on campus may be able to be covered for less.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Good Student – Getting good grades can get you a discount of up to 25%. The discount lasts well after school through age 25.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Most cut specific coverage prices like comprehensive or collision. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of companies with discount car insurance rates, follow this link.

When should I talk to an agent?

When buying adequate coverage, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that. For instance, these questions can help discover if your situation might need an agent’s assistance.

  • When should I remove comp and collision on my 2006 Mercedes-Benz SL-Class?
  • Should I drop comprehensive coverage on older vehicles?
  • Is motorclub coverage worth it?
  • If my 2006 Mercedes-Benz SL-Class is totaled, can I afford another vehicle?
  • How can I get high-risk coverage after a DUI?
  • Where can I find high-risk insurance?
  • Am I covered by my spouse’s policy after a separation?

If you can’t answer these questions but a few of them apply then you might want to talk 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.

Educate yourself about auto insurance coverages

Knowing the specifics of your policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most auto insurance policies.

Collision coverages – This will pay to fix damage to your SL-Class resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, crashing into a ditch and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for bills such as prosthetic devices, doctor visits, nursing services and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, a broken windshield and damage from flooding. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz SL-Class.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Liability insurance – Liability coverage will cover injuries or damage you cause to people or other property. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as emergency aid, attorney fees, legal defense fees, court costs and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

In conclusion

While you’re price shopping online, do not reduce coverage to reduce premium. Too many times, an insured dropped full coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

Cheaper 2006 Mercedes-Benz SL-Class insurance can be sourced online and also from your neighborhood agents, and you need to price shop both to have the best selection. There are still a few companies who may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

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