2002 Mercedes-Benz SL-Class Insurance Rates – 5 Ways to Save

Searching for better insurance prices for your Mercedes-Benz SL-Class could be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to buy auto insurance so we’re going to tell you the quickest way to get price quotes on a Mercedes-Benz and find the cheapest rates either online or from local insurance agents.

Choosing the best insurance company for you is not rocket science. If you are insured now or need new coverage, you can use these tips to find the best rates and still get good coverage. Drivers only need an understanding of how to compare rates online.

The quickest method to get policy rate comparisons takes advantage of the fact most larger insurance companies provide online access to compare their rates. All you need to do is give the companies some data such as if a SR-22 is needed, whether the vehicles are used for commuting, if you have a valid license, and deductibles desired. Your details is then submitted to multiple top-rated companies and they return quotes very quickly.

To check rates for your 2002 Mercedes-Benz SL-Class now, click here and find out if you can get cheaper insurance.

Can you really save $422 a year?

Consumers get pounded daily by advertisements that claim the lowest premium rates by companies like Allstate and Progressive. They all convey the message that drivers will save a bundle if you get a free insurance coverage quote and switch your policy.

How do they all claim to save you money? Just pay attention to how they say it.

Many companies have strict underwriting profiles for the type of driver that will not have excessive claims. One example of this type of insured might be over age 30, has a low-risk occupation, and drives less than 7,500 miles a year. A propective insured that fits those parameters may get the lowest premium rates and will most likely save a lot of money.

Potential customers who fall short of those standards may be forced to pay a higher premium and this results in the customer not purchasing. The ads state “customers that switch” not “everybody who quotes” save that kind of money. That is how insurance companies can confidently make claims like that. Because each company has a different risk profile, drivers must compare many company’s car insurance rates. It’s just too difficult to predict which insurance companies will be your best fit.

Lower rates by qualifying for these five discounts

Companies offering auto insurance don’t always publicize their entire list of discounts in a way that’s easy to find, so the following is a list of a few of the more well known as well as the least known discounts that you may qualify for.

  • Distant Student – Kids who live away from home to go to college and do not have a car could get you a discount.
  • Accident Forgiveness Coverage – This one isn’t a discount, but some insurance companies permit an accident before your rates go up so long as you are claim-free before the accident.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more for SL-Class insurance than drivers with accidents.
  • ABS and Traction Control Discounts – Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
  • Discount for Good Grades – Excelling in school can get you a discount of up to 25%. You can use this discount normally until age 25.

We need to note that some of the credits will not apply the the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, that’s just not realistic. But all discounts will bring down the cost of coverage.

To locate providers that can offer you the previously mentioned discounts, click here to view.

Car insurance is unique, just like you

When choosing proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Everyone’s needs are different.

For example, these questions can aid in determining if your situation could use an agent’s help.

  • Is a fancy paint job covered?
  • Is my dog or cat covered if injured in an accident?
  • Is my state a no-fault state?
  • Do I have any recourse if my insurance company denies a claim?
  • Exactly who is provided coverage by my policy?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When should I drop full coverage on my 2002 Mercedes-Benz SL-Class?
  • Are rental cars covered under my policy?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance coverage considerations

Knowing the specifics of your car insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Auto liability – This provides protection from damages or injuries you inflict on people or other property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like funeral expenses, medical expenses and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage – This coverage pays for damage to your SL-Class from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sideswiping another vehicle, crashing into a ditch, colliding with another moving vehicle, scraping a guard rail and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from getting keyed, a broken windshield, a tree branch falling on your vehicle and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for immediate expenses for prosthetic devices, X-ray expenses and nursing services. They can be used to cover expenses not covered by your 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. Personal injury protection coverage is not universally available and may carry a deductible

Shop around and save

Lower-priced car insurance can be bought from both online companies and from local agencies, so you need to shop insurance coverage with both in order to have the best price selection to choose from. Some car insurance companies do not provide the ability to get a quote online and most of the time these regional carriers only sell through local independent agents.

Insureds change insurance companies for many reasons like policy non-renewal, delays in paying claims, lack of trust in their agent or even delays in responding to claim requests. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

We’ve covered a lot of techniques to lower your 2002 Mercedes-Benz SL-Class insurance prices. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may discover the lowest prices come from a company that doesn’t do a lot of advertising.

Even more information can be read in these articles: