2013 Mercedes-Benz SL-Class Insurance Cost

Trying to find lower insurance rates for your Mercedes-Benz SL-Class? Feel like you’re a prisoner to high-priced insurance? Trust us when we tell you there are many people just like you. Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate increase brand awareness with fancy advertisements and it is challenging if not impossible to avoid their marketing magic and take the time to shop coverage around.

If you have a current insurance policy or are shopping for new coverage, you will benefit by learning to find better prices and possibly find even better coverage. Finding affordable coverage is quite easy. Drivers just need to know the most efficient way to find the lowest price on the web.

Factors influencing Mercedes-Benz SL-Class insurance rates

Smart consumers have a good feel for the rating factors that go into determining auto insurance rates. Knowing what controls the rates you pay empowers consumers to make smart changes that can help you get lower auto insurance prices.

Listed below are some of the factors used by your company to calculate your rates.

  • Older drivers pay less – Older drivers tend to be more responsible, statistically cause fewer accidents and get fewer tickets. Teenage drivers are statistically proven to get distracted easily behind the wheel therefore auto insurance rates are much higher.
  • Pleasure use saves money – Driving more miles in a year’s time the more you will pay for auto insurance. The majority of insurers apply a rate determined by how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than vehicles that are driven to work every day. Having the wrong rating on your SL-Class may be costing you. Make sure your auto insurance coverage is showing the proper vehicle usage, because improper ratings can cost you money.
  • More than one policy can earn a discount – The majority of companies give discounts to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. If you currently are using one company, it’s still a good idea to comparison shop to ensure the best deal.
  • Traffic violations increase rates – A bad driving record has a big impact on rates. Even one speeding ticket can bump up the cost by as much as thirty percent. Drivers who don’t get tickets have lower premiums than bad drivers. If you have serious violations such as DUI or reckless driving may find they need to submit a SR-22 form with their state DMV in order to continue driving.
  • Your auto insurance rates can be influenced by your job – Occupations like doctors, executives and stock brokers tend to pay the highest rates in part from high stress and long work days. On the other hand, occupations such as scientists, students and retirees have the lowest average rates on SL-Class insurance.

Cut your insurance rates with discounts

Auto insurance companies don’t always publicize every discount very clearly, so the following is a list of both the well known as well as the least known insurance savings. If you’re not getting every credit available, you are throwing money away.

  • Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less on SL-Class insurance than their less cautious counterparts.
  • Safety Course Discount – Completing a driver safety course could cut 5% off your bill if you qualify.
  • Passive Restraints and Air Bags – Vehicles with factory air bags may earn rate discounts of more than 20%.
  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class if offered at their school.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.
  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Multi-car Discount – Having more than one vehicle on one policy can get a discount on all vehicles.
  • No Claims – Good drivers with no accidents can earn big discounts when compared with frequent claim filers.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. This discount can apply up until you turn 25.

It’s important to understand that many deductions do not apply the the whole policy. Most only reduce specific coverage prices like liability and collision coverage. Even though it may seem like you could get a free insurance policy, you won’t be that lucky.

Insurance companies that possibly offer these money-saving discounts include:

Double check with each company which discounts you may be entitled to. Savings may not be available in every state.

Do you really save 40% when you switch?

Consumers get pounded daily by advertisements for the lowest price auto insurance by companies like Progressive, Geico, Allstate and State Farm. They all seem to make an identical promise that you’ll save big after switching to them.

How do they all make the same claim? It’s all in the numbers.

Different companies can use profiling for the driver that earns them a profit. For example, a profitable customer could possibly be over the age of 50, is a homeowner, and drives newer vehicles. A customer getting a price quote who fits that profile will qualify for the lowest rates and most likely will pay quite a bit less when switching companies.

Consumers who fall outside these standards will be charged a higher premium which leads to business not being written. The ads say “customers that switch” not “people who quote” save that much money. That is how companies can claim big savings. That is why you need to get as many comparisons as possible. It is impossible to predict which car insurance company will give you the biggest savings on Mercedes-Benz SL-Class insurance.

You are unique and your insurance should be too

When it comes to choosing proper insurance coverage, there isn’t really a one size fits all plan. Every insured’s situation is different and your policy should reflect that. For instance, these questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Do I need more liability coverage?
  • Am I covered if hit by an uninsured driver?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have coverage when pulling a U-Haul trailer?
  • How much liability do I need to cover my assets?
  • Should I waive the damage coverage when renting a car?
  • Do I have coverage when making deliveries for my home business?
  • Are there companies who specialize in insuring high-risk drivers?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverage breakdown

Knowing the specifics of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages found on most insurance policies.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for ambulance fees, pain medications, prosthetic devices and surgery. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive protection

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like damage from a tornado or hurricane, rock chips in glass and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz SL-Class.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Liability insurance

Liability insurance protects you from damage or injury you incur to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability insurance covers claims like repair costs for stationary objects, legal defense fees and medical services. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

Collision coverage pays for damage to your SL-Class resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a ditch, driving through your garage door, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Take this to the bank

While you’re price shopping online, you should never reduce needed coverages to save money. In many cases, drivers have reduced full coverage only to regret that the small savings ended up costing them much more. Your goal should be to buy the best coverage you can find at an affordable rate.

Cost effective 2013 Mercedes-Benz SL-Class insurance is available online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance providers do not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

Other resources