Authoritative Five Minute Guide to Buying Mercedes-Benz 500SL Insurance

Shoppers have lots of choices when shopping for low-cost Mercedes-Benz 500SL insurance. They can either waste time calling around getting price quotes or save time using the internet to compare rates. There is a right way and a wrong way to buy car insurance and we’ll show you the proper way to compare rates on a Mercedes-Benz and locate the best price possible.

Buying car insurance is not rocket science. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these methods. Although vehicle owners can benefit by having an understanding of how companies determine prices because it can help you find the best coverage.

These discounts can lower your rates

Auto insurance companies don’t always publicize every available discount very clearly, so we break down both well-publicized and also the lesser-known savings tricks you should be using.

Senior Discount – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums for 500SL coverage.
Defensive Driving Course – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
Government Employees – Active or retired federal employment can save as much as 8% for 500SL coverage depending on your company.
E-sign – Some insurance companies may give you up to $50 just for signing your application over the internet.
Lower Rates for Military – Having a family member in the military can result in better rates.
Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for 500SL coverage than their less cautious counterparts.
Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course if it’s offered in school.
Passive Restraints and Air Bags – Factory air bags or motorized seat belts may earn rate discounts of 20% or more.
Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
Claim Free – Claim-free drivers can earn big discounts when compared to accident-prone drivers.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way.

Automobile Insurance Quotes

All the larger car insurance companies allow you to get price estimates online. Getting online quotes is quite easy as you simply type in the coverages you want as detailed in the form. Once you submit the form, the system will order credit information and your driving record and returns pricing information.

Quoting online makes comparing rates easy, but the process of having to visit a lot of sites and fill out multiple forms can be a bit repetitive. But it’s absolutely necessary to do this in order to get a better rate.

The easiest way to lower your car insurance bill requires only one form to obtain quotes from more than one company. It’s a real time-saver, requires less work, and makes comparison shopping much easier. Once the form is submitted, it is quoted and you can select any or none of the resulting price quotes. If the quotes result in lower rates, you simply finish the application and purchase the new policy. It takes less than 15 minutes and can result in significant savings.

To find out how much you can save on car insurance, click here and begin entering your coverage information. If you currently have coverage, we recommend you complete the form with your coverages exactly as shown on your declarations page. Using the same limits helps guarantee you will receive comparison quotes based on the exact same insurance coverage.

Mercedes-Benz 500SL rates are made up of many parts

It’s important that you understand the rating factors that play a part in calculating the price you pay for car insurance. Understanding what determines base rates helps enable you to make changes that can help you get much lower annual insurance costs.

Shown below are a few of the “ingredients” that factor into your rates. insurance cheap

What type of vehicle do you drive? – The type of vehicle you are insuring makes a huge difference in the rate you pay. The lowest rates tend to be for economy passenger cars, but the cost you end up paying is determined by many additional factors. Since the Mercedes-Benz 500SL is considered a luxury sedan, rates will be more as compared to the average rate.
High crash test scores lower rates – Safer cars get lower rates. Safe vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company and lower rates for you. If the Mercedes-Benz 500SL is rated at least four stars on Safercar.gov it may be receiving lower rates.
Do you know your deductibles? – Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your Mercedes-Benz from damage. Examples of covered claims are a windshield shattered by a rock, damage from fire, and burglary. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The higher the amount you’re willing to pay, the less your car insurance will be for 500SL coverage.
Younger drivers pay higher rates – Mature drivers are more cautious drivers, statistically cause fewer accidents and receive fewer citations. Teen drivers are statistically proven to get distracted easily in a vehicle therefore car insurance rates are much higher.
Rural vs Urban Areas – Living in a rural area can be a good thing when buying car insurance. Fewer drivers means fewer accidents and a lower car theft rate. Urban drivers tend to have much more traffic to deal with and longer commute times. Longer commute distances can result in more accidents.
Small claims can cost you – Car insurance companies award discounts to policyholders who file claims infrequently. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
Clean credit earns discounts – Your credit score is a large factor in determining what you pay for car insurance. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with lower credit ratings. Therefore, if your credit history is low, you could pay less to insure your Mercedes-Benz 500SL by repairing your credit.

How to know if you need help

When it comes to buying proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.

For example, these questions might point out if your situation may require specific advice.

Am I covered when pulling a rental trailer?
Does my personal policy cover me when driving my company car?
Does my policy pay for OEM or aftermarket parts?
Is my Mercedes-Benz 500SL covered for flood damage?
Should I have combined single limit or split liability limits?
How much liability do I need to cover my assets?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form.

Do I need a local agent?

Certain consumers prefer to get advice from a local agent and there is nothing wrong with that. The biggest benefit of comparing insurance prices online is that you can obtain the best rates and still choose a local agent.

To help locate an agent, after submitting this simple form, the coverage information is instantly submitted to local insurance agents who will return price quotes for your coverage. You don’t have to leave your computer since price quotes are sent straight to your inbox. It doesn’t get any easier! Get lower rates and work with a local agent.

Choosing a company requires more thought than just the bottom line cost. Any agent should be forthright in answering these questions:

How much will you save each year by using a higher deductible?
How are they compensated?
Do clients work directly with the agent or are most inquiries handled by a CSR?
How many years of experience in personal lines insurance coverages do they have?
Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Which members of your family are coverage by the policy?
Are there any discounts that you might be missing?

Not all car insurance agents are the same

When searching for a good insurance agency, you need to know there are two different types of agents from which to choose. Insurance agencies are either captive or independent.

Captive Agents

These agents work for only one company and examples are State Farm, AAA, Farmers Insurance or Allstate. They generally cannot provide prices from multiple companies so it’s a take it or leave it situation. Captive agencies are trained well in insurance sales which helps them sell insurance even at higher premiums. Consumers often purchase coverage from captives partially due to the prominence of the brand and the convenience of having a single billing for all their coverages.

Independent Agencies or Brokers

Independent insurance agents are not locked into one company but instead can place your coverage with lots of companies and possibly get better coverage at lower prices. To move your coverage to a new company, your agent can switch companies and you won’t have to switch agencies.

When shopping rates, it’s recommended you get quotes from multiple independent agents for the best price selection.Most can insure with different regional companies which can save you money.

For a complete listing of agents, visit this site.

After receiving positive responses to any questions you have and locked in a price quote, you may have just found an auto insurance agent that can service your policy.

And the best car insurance company is…

You just read some good ideas how to shop for Mercedes-Benz 500SL insurance online. The key concept to understand is the more you quote, the higher the chance of saving money. You may even find the biggest savings come from a company that doesn’t do a lot of advertising.

Cheap Mercedes-Benz 500SL insurance is possible both online and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer online quoting and usually these smaller companies provide coverage only through local independent agents.

When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. In many instances, an insured dropped uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.