Compare 1995 Mercedes-Benz SL-Class Car Insurance Rates

Want better auto insurance rates for your Mercedes-Benz SL-Class? Having to pay for high-priced Mercedes-Benz SL-Class insurance can deplete your funds and force you to cut corners elsewhere.

Multiple auto insurance companies compete for your business, so it’s not easy to compare every insurer to discover the definitive lowest cost out there.

If you are paying for car insurance now, you should be able to save some money using these methods. Finding the best rates is quite easy. Nevertheless, drivers can benefit from knowing the methods companies use to determine prices and use this information to your advantage.

Don’t overlook these insurance discounts

Some insurers don’t necessarily list every available discount in a way that’s easy to find, so we break down some of the best known and also the lesser-known credits available to bring down your rates.

  • Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you could save up to 5%.
  • Save with a New Car – Buying insurance coverage on a new vehicle is cheaper because new model year vehicles keep occupants safer.
  • Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Multi-Vehicle Discounts – Buying insurance for multiple vehicles with one company could earn a price break for each car.
  • Homeowners Pay Less – Owning a home may trigger a policy discount on insurance because maintaining a house requires a higher level of personal finance.

Don’t be shocked that many deductions do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, it doesn’t quite work that way.

Some of the insurance companies that may have these benefits possibly include:

When getting a coverage quote, ask every insurance company to give you their best rates. Some discounts may not be available everywhere. To choose insurance companies who offer free insurance quotes, click this link.

Components of your Mercedes-Benz SL-Class insurance rates

Lots of things are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but others are not as apparent like your vehicle usage or your commute time.

The items below are some of the most common factors used by your company to calculate your rates.

  • Younger drivers pay more – More mature drivers have been proven to be more responsible, tend to cause fewer accidents and get fewer tickets.Inexperience drivers are statistically proven to get distracted easily when behind the wheel so insurance rates are higher.
  • Don’t cut corners with liability protection – The liability section of your policy provides coverage when you are found to be at fault for damages from an accident. It will provide you with a defense in court to defend your case. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Too many policy claims and you’ll pay more – Auto insurance companies give the best rates to people who are not frequent claim filers. If you are the type of insured that files lots of claims you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Rate your vehicle for proper use – The more you drive each year the more you’ll pay to insure it. Most companies charge to insure your cars based upon how you use the vehicle. Vehicles that have low annual miles receive better premium rates than vehicles that have high annual mileage. Verify your insurance policy reflects the proper vehicle usage, because improper ratings can cost you money. Incorrect rating for your SL-Class may be wasting your money.
  • Gender and auto insurance – Over the last 50 years, statistics have shown that women are safer drivers than men. However, don’t assume that females are better drivers. Females and males have auto accidents at a similar rate, but the male of the species have costlier accidents. Not only that, but men also get higher numbers of serious violations such as reckless driving. Males from age 16 to 21 cause the most accidents and therefore have the most expensive insurance rates.
  • Bundle policies with the same company – The majority of companies apply better rates to buyers that have more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, you still need to compare rates to confirm you are receiving the best rates possible. You may still find better rates even if you insure with multiple companies
  • Being married can save you money – Having a wife or husband actually saves money on your policy. Having a significant other generally demonstrates drivers are more financially stable and insurance companies like that married couples file fewer claims.

When to get professional advice

When choosing proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect that For example, these questions could help you determine whether or not you may require specific advice.

  • Is my ex-spouse still covered by my policy?
  • I have a DUI can I still get coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my 1995 Mercedes-Benz SL-Class covered for smoke damage?
  • Should I rate my 1995 Mercedes-Benz SL-Class as pleasure use or commute?
  • What is the difference between comprehensive and collision coverage?
  • Should I sign the liability waiver when renting a car?
  • Do I have coverage for damage caused while driving under the influence?
  • Is motorclub coverage worth it?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Specific coverages for a 1995 Mercedes-Benz SL-Class

Understanding the coverages of your auto insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most auto insurance policies.

Liability coverages

This coverage protects you from damages or injuries you inflict on people or other property in an accident. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things like attorney fees, legal defense fees, medical services and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Auto collision coverage

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 and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as crashing into a ditch, hitting a mailbox, colliding with another moving vehicle, damaging your car on a curb and hitting a parking meter. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Med pay and PIP coverage pay for bills such as pain medications, surgery, dental work, ambulance fees and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, hail damage, fire damage, rock chips in glass and hitting a deer. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Mercedes-Benz SL-Class.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Better coverage you can count on

More affordable insurance is definitely available online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not offer online rate quotes and usually these regional carriers only sell coverage through local independent agencies.

When searching for affordable auto insurance quotes, don’t be tempted to sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at an affordable rate.

More information is available at these links: