2006 Mercedes-Benz SL-Class Insurance Cost

Want better insurance rates for your Mercedes-Benz SL-Class? Shopping for cheap insurance on the web can seem to be problematic for consumers not familiar with buying insurance on the web. Because there are so many choices, how can consumers effectively compare them all to find the cheapest available price?

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. The purpose of this post is to familiarize you with how car insurance quotes work and some money-saving tips. But vehicle owners must know how the larger insurance companies market on the web and use this information to your advantage.

Vehicle Insurance Comparison

There are several ways to compare Mercedes-Benz SL-Class auto insurance prices but some are less time-consuming than others. You could waste time talking about coverages with insurance companies in your area, or you could use the internet to maximize your effort.

Most major companies are enrolled in a marketplace that enables customers to only type in their quote data once, and every company returns a rated price based on that data. This saves time by eliminating quote forms for each company.

To get comparison pricing now click here to open in new window.

The one downside to using this type of form is that you can’t choose the companies to get quotes from. So if you want to select from a list of companies for rate comparison, we have assembled a list of the cheapest auto insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just compare apples-to-apples coverages with each company. If you are comparing different values for each quote it will be impossible to determine which rate is truly the best. Quoting even small variations in insurance coverages can mean a large discrepancy in price. Just remember that having more price comparisons will enable you to find the best price.

Don’t miss these discounts

Insurance can cost an arm and a leg, but companies offer discounts to help bring down the price. Some discounts apply automatically at quote time, but a few must be specially asked for prior to getting the savings.

  • Discount for Good Grades – Performing well in school can save 20 to 25%. The discount lasts well after school through age 25.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Driver Safety – Completing a defensive driving course can save you 5% or more depending on where you live.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Resident Student – Youth drivers who are attending college and do not have a car may qualify for this discount.
  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less for SL-Class insurance than drivers with accident claims.

Drivers should understand that some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will cut your premiums.

To see a list of insurance companies who offer auto insurance discounts, click here to view.

When might I need help?

When choosing the right insurance coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different.

For example, these questions may help you determine whether your personal situation will benefit from professional help.

  • Do I have coverage if my license is suspended?
  • If my 2006 Mercedes-Benz SL-Class is totaled, can I afford another vehicle?
  • Is my cargo covered for damage or theft?
  • How many claims can I have before being cancelled?
  • What if I don’t agree with a claim settlement offer?
  • Does my policy cover my teen driver if they drive my company car?
  • What is the rate difference between pleasure use and commuting?
  • Do I benefit by insuring my home with the same company?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form.

Why your Mercedes-Benz SL-Class insurance rates may be high

Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for insurance coverage. Understanding what controls the rates you pay enables informed choices that could result in big savings.

Shown below are some of the items insurance coverage companies consider when setting premiums.

  • Liability coverage is cheap – The liability section of your policy will protect you if ever a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Pay less if you’re married – Having a spouse helps lower the price when buying insurance coverage. It is viewed as being more responsible and it’s proven that drivers who are married are more cautious.
  • Lower deductibles cost more – Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your Mercedes-Benz from damage. Examples of covered claims are collision with another vehicle, collision with an animal, and burglary. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The more money you’re willing to pay, the less your company will charge you for insurance for SL-Class insurance.
  • Older drivers save more – Older drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel. Teen drivers tend to be less responsible behind the wheel and because of this, their insurance coverage rates are much higher.
  • Women pay lower rates – Statistics show women are more cautious behind the wheel. However, this does not mean men are worse drivers. They both have accidents in similar percentages, but the men have costlier accidents. Men also statistically have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and thus pay the highest rates.
  • Drive less and save money – Driving more miles every year the higher your rate. The majority of insurers charge to insure your cars determined by how the vehicle is used. Cars not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage coverage is showing the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your SL-Class can cost quite a bit.
  • A clean driving record saves money – Careful drivers have lower premiums than their less careful counterparts. Even one ticket can boost insurance rates twenty percent or more. Drivers with dangerous tickets such as reckless driving, hit and run or driving under the influence are required to file a SR-22 with their state motor vehicle department in order to prevent a license revocation.

Do drivers who switch really save $430 a year?

Insurance coverage companies such as Allstate and Progressive constantly bombard you with television and radio advertisements. They all seem to make the same claim of big savings if you switch your coverage to them. How do they all make almost identical claims? It’s all in the numbers.

All the different companies are able to cherry pick for the driver that earns them a profit. For instance, a profitable customer could be between 30 and 50, has no driving citations, and drives newer vehicles. A propective insured who matches those parameters will get very good rates and as a result will probably save when switching.

Potential insureds who don’t measure up to the “perfect” profile must pay higher prices which leads to the customer not buying. The ads state “drivers who switch” not “everyone that quotes” save that much. That’s why companies can make the claims of big savings.

This illustrates why you should get as many quotes as possible. It’s just too difficult to predict which insurance companies will provide you with the cheapest Mercedes-Benz SL-Class insurance rates.

Auto insurance coverage specifics

Understanding the coverages of your auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement.

Comprehensive protection

This covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, hitting a bird, a tree branch falling on your vehicle and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz SL-Class.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Usually these limits do not exceed the liability coverage limits.

Collision protection

This covers damage to your SL-Class resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as sustaining damage from a pot hole, sideswiping another vehicle, hitting a parking meter, colliding with a tree and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as ambulance fees, surgery, funeral costs and prosthetic devices. They are often used in conjunction with a health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Auto liability insurance

Liability coverage can cover damage that occurs to other people or property. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like medical services, repair bills for other people’s vehicles and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Keep this in mind

Throughout this article, we presented a lot of information how to shop for 2006 Mercedes-Benz SL-Class insurance online. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a lesser-known regional company.

Lower-priced insurance can be purchased from both online companies as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

People who switch companies do it for a number of reasons such as not issuing a premium refund, policy cancellation, poor customer service or even high rates after DUI convictions. No matter why you want to switch, finding a new company is not as hard as you think.

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