Compare 2009 Mercedes-Benz SL-Class Insurance Rates

Are you a victim of an underperforming, overpriced insurance policy? Believe me, there are many people just like you.

With so many insurance providers from which to choose, it can be impossible to find the lowest cost insurer.

It’s a good habit to check insurance prices periodically because insurance rates trend upward over time. Despite the fact that you may have had the best deal on SL-Class insurance last year you can probably find a better price now. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the best methods to reduce your cost while improving coverage.

Buying car insurance is not that difficult. Just about every driver who carries auto insurance will most likely be able to save money. Nevertheless, car owners should learn the methods companies use to price online insurance.

Don’t miss out on these money-saving discounts

Auto insurance companies don’t always advertise every available discount in an easy-to-find place, so the following is a list of some of the more common and the harder-to-find insurance savings.

  • Driver’s Ed – Have your child take driver’s ed class in school.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. This discount can apply until age 25.
  • Homeowners Discount – Owning a house can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount on SL-Class insurance depending on your company.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for reduced rates on SL-Class insurance.

Keep in mind that many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as comp or med pay. So when the math indicates you can get free auto insurance, insurance companies aren’t that generous.

To see a list of insurers offering insurance discounts, click here to view.

These factors can influence Mercedes-Benz SL-Class insurance rates

It’s important that you understand the rating factors that go into determining the price you pay for insurance coverage. When you know what positively or negatively determines base rates empowers consumers to make smart changes that could result in lower insurance coverage prices.

  • A lapse in coverage is a bad thing – Letting your insurance expire is a guaranteed way to increase your insurance coverage rates. And not only will your rates increase, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.Then you may be required to file a SR-22 with your state motor vehicle department.
  • Safer cars are cheaper to insure – Vehicles with good safety scores get lower rates. Safer cars protect occupants better and better occupant protection means less money paid by your insurance company and lower rates for you. If your Mercedes-Benz SL-Class is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • An active claims history can cost you – Insurance companies provide cheaper rates to insureds who file claims infrequently. If you are a frequent claim filer, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Careers like real estate brokers, business owners and accountants tend to pay higher rates than average due to job stress and long work hours. On the flip side, jobs such as scientists, athletes and performers have the lowest average rates on SL-Class insurance.
  • Your credit rating is important – Having a bad credit rating is a huge factor in your rate calculation. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower ratings. So if your credit rating can use some improvement, you could pay less to insure your 2009 Mercedes-Benz SL-Class by spending a little time repairing your credit.
  • Marriage brings a discount – Having a spouse can get you a discount on your insurance coverage policy. It is viewed as being more mature and statistics show married couples file fewer claims.

Do I need special coverages?

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so this has to be addressed. For instance, these questions may help highlight whether you might need professional guidance.

  • Does liability extend to a camper or trailer?
  • What discounts do I qualify for?
  • Is a new car covered when I drive it off the dealer lot?
  • When should I not file a claim?
  • Who is covered by my policy?
  • Which is better, split liability limits or combined limits?
  • Is a blown tire covered by insurance?
  • Can I afford low physical damage deductibles?
  • Should I carry comprehensive and collision coverage?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Don’t listen to company ads

Companies like Progressive, Geico, Allstate and State Farm regularly use ads in print and on television. All the ads make the same claim that you can save if you move your coverage to them. How can each company say the same thing? It’s all in the numbers.

All the different companies are able to cherry pick for the type of customer that is profitable for them. An example of a preferred risk might be a mature driver, has no driving citations, and chooses high deductibles. A propective insured who fits that profile is entitled to the best price and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile must pay higher premiums which leads to the driver buying from a lower-cost company. The ads say “people who switch” not “people who quote” save that much money. That’s why insurance companies can confidently advertise the savings. This illustrates why you absolutely need to quote coverage with many companies. You cannot predict which insurance coverage company will fit your personal profile best.

Parts of your insurance policy

Having a good grasp of your insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverage types offered by insurance companies.

Collision protection

This coverage covers damage to your SL-Class resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as hitting a mailbox, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Mercedes-Benz SL-Class.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for bills such as funeral costs, prosthetic devices, pain medications and EMT expenses. They can be used in conjunction with a health insurance program or if you do not have health coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Liability car insurance

This coverage provides protection from damage or injury you incur to other’s property or people in an accident. It protects YOU against other people’s claims. Liability 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. You commonly see values of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims like attorney fees, structural damage and legal defense fees. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Comprehensive coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hail damage, vandalism and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Better coverage you can count on

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice comprehensive coverage or liability limits only to find out that they should have had better coverage. Your strategy should be to buy enough coverage at the best price while still protecting your assets.

Low-cost 2009 Mercedes-Benz SL-Class insurance is available from both online companies and also from your neighborhood agents, so compare prices from both to have the best rate selection. Some insurance providers may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

More detailed insurance coverage information can be found in these articles: