2006 Mercedes-Benz SL-Class Insurance Quotes – 7 Ideas for Cheaper Rates

Looking for lower insurance coverage rates for your Mercedes-Benz SL-Class? Finding low-cost insurance for a new or used Mercedes-Benz SL-Class can be a lot of work, but you can learn these tips to save time. There are both good and bad ways to find insurance coverage online and we’ll show you the proper way to compare rates for a Mercedes-Benz and locate the cheapest rates either online or from local insurance agents.

Don’t overlook these seven discounts

Companies offering auto insurance don’t list every available discount very well, so here is a list both well-publicized and the harder-to-find discounts you could be receiving. If you don’t get every credit you deserve, you are paying more than you should be.

  • 55 and Retired – Mature drivers may be able to get better car insurance rates for SL-Class coverage.
  • Discount for New Cars – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Student in College – Kids in college living away from home attending college and don’t have a car may qualify for this discount.
  • Safety Course Discount – Successfully completing a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you could get a discount of at least 10% off all policies.
  • Discount for Good Grades – This discount can save 20 to 25%. This discount can apply up to age 25.

It’s important to note that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you could get a free car insurance policy, you won’t be that lucky.

For a list of providers who offer car insurance discounts, click here.

Is my situation unique?

When it comes to choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. Each situation is unique.

For example, these questions may help highlight if your situation could use an agent’s help.

  • Which is better, split liability limits or combined limits?
  • Do I need motorclub coverage?
  • If my 2006 Mercedes-Benz SL-Class is totaled, can I afford another vehicle?
  • Is my ex-spouse still covered by my policy?
  • Will my insurance pay for OEM parts?
  • I don’t drive much so do I pay less?
  • What is the difference between comprehensive and collision coverage?
  • Is rental equipment covered for theft or damage?
  • Should I buy only the required minimum liability coverage?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and may give you better protection.

Buyer beware of car insurance advertising tricks

Drivers constantly see and hear ads for cheaper car insurance by State Farm, Allstate and Geico. All the companies say the same thing of big savings if you move to their company.

How do they all say the same thing? This is how they do it.

Different companies have a certain “appetite” for the type of driver that earns them a profit. A good example of a driver they prefer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a high credit rating. A driver that hits that “sweet spot” gets the lowest rates and as a result will probably save when switching.

Drivers who do not match this ideal profile will be quoted higher prices which leads to business going elsewhere. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully make those claims. This emphasizes why it’s extremely important to compare many company’s rates. It’s not possible to predict the company that will provide you with the cheapest Mercedes-Benz SL-Class insurance rates.

Insurance coverages 101

Having a good grasp of insurance can be of help when determining which coverages you need for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Auto liability insurance

Liability insurance can cover damage or injury you incur to other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims like bail bonds, repair costs for stationary objects, court costs, medical services and attorney fees. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like backing into a parked car, scraping a guard rail, crashing into a ditch, colliding with a tree and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercedes-Benz SL-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as EMT expenses, ambulance fees, X-ray expenses, dental work and hospital visits. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from getting keyed, rock chips in glass, fire damage and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

In the end, you save

Insureds who switch companies do it for a number of reasons such as questionable increases in premium, unfair underwriting practices, delays in responding to claim requests and even lack of trust in their agent. Regardless of your reason, finding a new insurance company is actually quite simple.

We just covered a lot of ways to shop for 2006 Mercedes-Benz SL-Class insurance online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the best prices are with an unexpected company.

When shopping online for insurance, you should never reduce needed coverages to save money. There are a lot of situations where drivers have reduced liability coverage limits only to regret at claim time that it was a big error on their part. The aim is to buy the best coverage you can find at the best price while not skimping on critical coverages.

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