Ultimate Guide for Purchasing Car Insurance for a Mercedes-Benz 300SL

Trying to find low-cost insurance for your Mercedes-Benz 300SL can be a painful process, but you can use a few tricks to save time.

There is a better way to buy car insurance and you need to know the proper way to compare rates for a new or used Mercedes-Benz and find the best price possible from local insurance agents and online providers.

It’s a good habit to shop coverage around before your policy renews since rates change regularly. Even if you got the best price on 300SL coverage two years ago you may be paying too much now. There is a lot of bad advice regarding car insurance online but with this article, you’re going to get a bunch of ideas how to put money back in your pocket.

Free Quotes for Car Insurance

Most companies such as Allstate, GEICO and Progressive quote prices on their websites. Getting quotes is quite easy as you simply type in the amount of coverage you want as detailed in the form. Upon sending the form, their rating system automatically retrieves your driving and credit reports and quotes a price based on these factors.

Online quotes helps simplify price comparisons, but the time it takes to visit several different sites and complete many quote forms is monotonous and tiresome. Unfortunately, it is important to have as many quotes as possible in order to find a lower rate.

Quote rates the easy way

A quicker way to compare car insurance pricing uses one form that gets prices from several different companies. It saves time, requires less work, and makes online price comparison much easier. As soon as you send your information, it gets priced and you are able to buy any of the quotes returned.

If you find a better price you simply finish the application and buy the new coverage. It can be completed in less than 10 minutes and may result in a nice savings.

To compare rates using this form now, click here to open in a new tab and submit the form. If you have a policy now, it’s recommended you copy coverages and limits exactly as they are listed on your policy. This guarantees you’re receiving rate comparison quotes based on the exact same insurance coverage.

Misconceptions in car insurance advertisements

Allstate, GEICO and Progressive regularly use ads on television and other media. All the companies have a common claim of big savings if you move to them. How does each company claim to save you money? It’s all in the numbers.

All the different companies can use profiling for the driver they prefer to insure. A good example of a driver they prefer might be between 25 and 40, has no driving citations, and chooses high deductibles. Any new insured that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Consumers who don’t qualify for the “perfect” profile will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everybody who quotes” save money. That is how insurance companies can confidently make the claims of big savings.

This emphasizes why drivers must get as many comparisons as possible. It’s not possible to predict which company will have the lowest rates.

Discounts are available to cut your rates

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but lesser-known reductions have to be asked for before they will apply.

• Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates on 300SL coverage than drivers with accidents.
• Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
• Multi-policy Discount – If you insure your home and vehicles with one company you could get a discount of approximately 10% to 15%.
• Defensive Driving Course – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
• Save with a New Car – Putting insurance coverage on a new car can save up to 30% compared to insuring an older model.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off your medical payments premium.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will bring down your overall premium however.

To choose providers with discount car insurance rates, click here.

But I prefer to buy car insurance from an agent

A small number of people would rather buy from a local agent and that is OK! One of the great benefits of getting online price quotes is the fact that you can find the lowest rates and still have an agent to talk to. And supporting local agencies is definitely important in small towns and cities.

Once you complete this simple form, the coverage information is sent to companies who will give you bids to get your business. You never need to leave your computer because quoted prices will be sent to your email. It doesn’t get any easier! Get lower rates AND a local agent.

Car insurance agents are either independent or captive

If you’re trying to find local agents, you need to know there are two types of insurance agents that you can select. Insurance agencies can either be independent (non-captive) or captive.

Independent Agents (or Brokers)

Independent insurance agents do not work for one specific company but rather can write business amongst many companies and potentially find a lower price. If your agent finds better pricing, the business is moved internally and that require little work on your part.

When searching for an agent, we recommend you get quotes from multiple independent agents for maximum quote selection.Most can insure with smaller regional carriers which can be an advantage.

Captive Agents

These agents have only one company to place business with such as AAA, Allstate, State Farm, Farmers Insurance or Liberty Mutual. They are unable to give you multiple price quotes so always compare other rates. Captive agents receive extensive training on their products and sales techniques which helps them compete with independent agents. Consumers frequently buy from captive agents primarily because of the prominence of the brand and the convenience of having all coverages with one company.

To view a complete directory of insurance agents, click here.

Selecting a car insurance agent requires more thought than just the price. Some important questions to ask are:

• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Does the company allow you to choose your own collision repair facility?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• How much will you save each year by using a higher deductible?
• Are there any discounts that you might be missing?

Once you have received reasonable responses to all your questions in addition to an acceptable price estimate, it’s possible that you found an insurance agency that will adequately provide car insurance.

Your coverage should be tailored to you

When choosing coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether or not you will benefit from professional help.

• Am I covered when pulling a rental trailer?
• When should I drop full coverage on my Mercedes-Benz 300SL?
• What can I do if my company won’t pay a claim?
• Is my teen driver covered when they drive my company car?
• Do I need medical payments coverage since I have good health insurance?
• Do I benefit by insuring my home with the same company?
• Am I covered if I wreck a rental car?
• Do all my vehicles need collision coverage?
• What companies insure drivers after a DUI or DWI?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

In Summary

In this article, we covered a lot of tips how to shop for Mercedes-Benz 300SL insurance online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

When buying insurance coverage, do not reduce coverage to reduce premium. In many cases, an accident victim reduced collision coverage and learned later they didn’t have enough coverage. Your goal should be to purchase plenty of coverage at the best price, not the least amount of coverage.

The cheapest Mercedes-Benz 300SL insurance can be bought both online in addition to many insurance agents, and you need to price shop both so you have a total pricing picture. A few companies do not provide online price quotes and these small insurance companies work with independent agents.