1998 Mercedes-Benz SL-Class Car Insurance Quotes – 7 Tips for Cheapest Rates

Overpriced Mercedes-Benz SL-Class insurance can overdraw your savings account and put a big crunch on your finances. Comparing price quotes is free and is an excellent way to tighten up your finances.

You have so many insurers to purchase coverage from, and even though it’s nice to have a choice, too many choices makes it more difficult to compare rates and cut insurance costs.

Insurance Coverage Prices

There are several ways of comparing rates from local insurance coverage companies. The quickest method to find the lowest 1998 Mercedes-Benz SL-Class rates is to perform an online rate comparison. This can be accomplished using a couple different methods.

  1. The best way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This method saves time by eliminating boring form submissions for each company you want a rate for. Filling out one form will return price quotes from multiple companies.
  2. A less efficient way to compare rate quotes is going to the website for each individual company to complete their respective quote request forms. For examples sake, let’s assume you want rates from Liberty Mutual, State Farm and GEICO. You would have to take the time to go to each site and enter your policy data, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
  3. The least efficient way of comparing rate quotes is driving around to and from local insurance agencies. Shopping for insurance coverage online can eliminate the need for a local agent unless you want the professional guidance only provided by licensed agents. It is possible to get the lowest quotes online but buy from a local insurance agent and we’ll cover that in a bit.

It’s your choice how you get your quotes, but make darn sure you compare exactly the same coverages on every quote you get. If the quotes have differing limits you will not be able to find the best deal for your Mercedes-Benz SL-Class. Having just a slight variation in insurance coverages can mean a large discrepancy in price. Keep in mind that quoting more will improve the odds of getting lower pricing.

Don’t overlook these seven discounts

The cost of insuring your cars can be expensive, but there are discounts available that can drop the cost substantially. Some discounts apply automatically at the time of quoting, but some may not be applied and must be asked for before they will apply.

  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because maintaining a house shows financial diligence.
  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class in school.
  • E-sign – A few companies may give you up to $50 simply for signing on their website.
  • Use Seat Belts – Buckling up and requiring all passengers to wear their seat belts could save 15% off your medical payments premium.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. This discount can apply until age 25.
  • Accident Waiver – Some insurance companies permit an accident without raising rates so long as you haven’t had any claims prior to the accident.

Drivers should understand that most credits do not apply to the entire cost. Most only cut specific coverage prices like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, you won’t be that lucky. But any discount will cut your premiums.

Companies that may offer these money-saving discounts may include but are not limited to:

Double check with all companies you are considering which discounts you may be entitled to. Discounts may not be available in your state.

Is my situation unique?

When choosing adequate coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can help discover if your insurance needs could use an agent’s help.

  • Can I make deliveries for my home business?
  • Should I put collision coverage on all my vehicles?
  • How high should my medical payments coverage be?
  • Is rental equipment covered for theft or damage?
  • How do I buy GAP insurance?
  • Is motorclub coverage worth it?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

The auto insurance bait and switch

Auto insurance companies such as 21st Century, Allstate and State Farm constantly bombard you with ads on television and other media. They all seem to have a common claim that you’ll save big if you switch to them. But how can every company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the type of customer they prefer to insure. For instance, a preferred risk could be between the ages of 30 and 50, has no prior claims, and drives less than 10,000 miles a year. Any new insured who meets those qualifications will get the preferred rates and as a result will probably save when switching.

Drivers who don’t meet these standards will be charged a more expensive rate and this can result in the driver buying from a lower-cost company. The ads state “customers who switch” but not “drivers who get quotes” save that much. That’s the way companies can make those claims.

That is why drivers must quote coverage with many companies. It’s just too difficult to predict which insurance companies will have the lowest Mercedes-Benz SL-Class insurance rates.

Coverage specifics

Understanding the coverages of car insurance aids in choosing the best coverages 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 the normal coverages found on the average car insurance policy.

Comprehensive car insurance

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like vandalism, falling objects, hitting a deer, a broken windshield and damage from flooding. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

This will cover damage or injury you incur to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like funeral expenses, emergency aid, medical services and pain and suffering. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like pain medications, ambulance fees, hospital visits, rehabilitation expenses and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually these limits are identical to your policy’s liability coverage.

Collision coverage protection

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

A fool and his money are soon parted

You just learned some good ideas how to lower your 1998 Mercedes-Benz SL-Class insurance rates. The key concept to understand is the more times you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the best price on insurance coverage is with a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

As you go through the steps to switch your coverage, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where an accident victim reduced uninsured motorist or liability limits and learned later that it was a big error on their part. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.

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