Why It’s Cheaper to Buy Mercedes-Benz SL320 Insurance Online

Did a good deal turn into an underperforming, overpriced car insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive car insurance. Numerous insurers battle for your business, so it’s not easy to compare every insurance company to find the absolute best price available.

Get lower rates by applying discounts

Car insurance is expensive, but there could be available discounts to cut the cost considerably. Some discounts apply automatically at the time you complete a quote, but less common discounts must be requested specifically before you get the savings. If you do not check that you are getting every discount available, you could be saving more on your car insurance.

• Discounts for Cautious Drivers – Insureds without accidents may save up to 50% more on SL320 coverage compared to accident prone drivers.
• Switch and Save Discount – Some insurance companies provide a discount for switching policies early. Ten percent is about the average savings.
• Discount for Good Grades – Being a good student could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
• Membership in Organizations – Having an affiliation with qualifying clubs or civic groups could qualify you for a break on your next renewal.
• Driving Data Discount – Drivers who agree to allow their insurance company to monitor where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease as long as the data is positive.
• Lower Rates for Military – Having an actively deployed family member could trigger a small discount.
• ABS Brakes – Cars, trucks, and SUVs with ABS and/or traction control are much safer to drive so companies give up to a 10% discount.
• One Accident Forgiven – Not necessarily a discount, but a handful of insurance companies allow you one accident without getting socked with a rate hike if your claims history is clear for a certain period of time.
• Full Payment Discount – By paying your policy upfront as opposed to paying monthly you can avoid the installment charge.

As is typical with insurance, most credits do not apply the the whole policy. Some only reduce the price of certain insurance coverages like comp or med pay. Just because you may think you can get free auto insurance, nobody gets a free ride.

The best car insurance companies and a partial list of their discounts are included below.

• State Farm includes discounts for driver’s education, Drive Safe & Save, safe vehicle, Steer Clear safe driver discount, multiple autos, and multiple policy.
• American Family may offer discounts for Steer into Savings, defensive driver, good student, mySafetyValet, bundled insurance, and early bird.
• GEICO policyholders can earn discounts including daytime running lights, air bags, defensive driver, emergency military deployment, multi-policy, multi-vehicle, and military active duty.
• 21st Century offers discounts including good student, early bird, anti-lock brakes, defensive driver, driver training, teen driver, and air bags.
• Progressive may include discounts for online signing, continuous coverage, homeowner, multi-policy, and multi-vehicle.

When quoting, ask every prospective company what discounts are available to you. Some discounts may not apply to policies in your area.

Seven factors that influence insurance rates

Many different elements are used in the calculation when quoting car insurance. Some are obvious such as your driving record, but others are more transparent such as your credit history or how financially stable you are. Consumers need to have an understanding of some of the factors that play a part in calculating your premiums. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that can earn you cheaper rates.

Shown below are some of the things car insurance companies consider when setting your rates.

• Uninterrupted coverage saves money – Not maintaining insurance is a big no-no and as a result your rates will increase for letting your coverage have a gap. Not only will rates go up, being ticketed for driving with no insurance will get you fines and jail time. You may then have to provide proof of insurance in the form of an SR-22 filing with your state DMV.
• Do you know your comp and collision deductibles? – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. Examples of some claims that would be covered are a windshield shattered by a rock, flood damage, or theft. Comp and collision deductibles define the amount you are required to spend if the claim is covered. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive on SL320 coverage.
• Men drivers tend to cost more – Over the last 30 years, statistics show that women are safer drivers than men. Now that doesn’t mean females are better at driving than males. Females and males get in auto accidents in similar percentages, but men have accidents that have higher claims. Men also tend to get cited for more serious violations like DUI and reckless driving.
• Know your credit history – Having a good credit rating can be an important factor in determining your rates. Therefore, if your credit rating could use some work, you could be paying less to insure your Mercedes-Benz SL320 by repairing your credit. Insureds with high credit scores tend to be better drivers and file fewer claims as compared to drivers with lower ratings.
• Cars with good safety ratings cost less to insure – Vehicles with good safety scores cost less to insure. Safer cars protect occupants better and lower injury rates means less claims paid which can mean better rates for you.
• Older drivers save more – Older drivers are proven to be safer behind the wheel, cost insurance companies less in claims and tend to be get fewer driving tickets.Drivers with little experience have been known to get distracted easily behind the wheel and because of this, their car insurance rates are much higher.
• Single drivers take more risk – Having a spouse may save some money on your car insurance policy. It is viewed as being more financially stable and statistics show married drivers get in fewer accidents.

And the best car insurance company is…

More affordable car insurance can be found both online and from local insurance agents, so you need to with both in order to have the best price selection to choose from. There are still a few companies who may not have internet price quotes and many times these regional carriers provide coverage only through independent agents.

When trying to cut insurance costs, don’t be tempted to buy less coverage just to save a little money. There are many occasions where drivers have reduced physical damage coverage only to discover later that the few dollars in savings costed them thousands. The aim is to purchase plenty of coverage at the best cost while still protecting your assets.