Sick and tired of paying out the nose to buy car insurance? You are no different than most other car owners.
Lots of car insurance companies contend for your hard-earned dollar, so it’s not easy to compare every insurance company to discover the definitive lowest rate
Quick Car Insurance Quotes
Performing a rate comparison can be a daunting task if you don’t know the most efficient way. You can waste hours discussing policy coverages with insurance companies in your area, or you can utilize online quoting to maximize your effort.
All the larger companies belong to a marketplace where prospective buyers enter their coverage request one time, and every company provides a quote based on that data. This system prevents you from having to do quote requests to every company.
To find out what other companies charge click here (opens in new window).
One minor caviat to using this type of system is you don’t know exactly which insurance companies you want to price. If you prefer to choose specific insurance companies to compare rates, we have a page of low cost car insurance companies in your area. Click here to view list.
Whichever method you choose, make absolute certain that you use the exact same information for each comparison quote. If you are comparing different values for each quote then you won’t be able to decipher which rate is best. Quoting even small variations in limits may result in a large different in cost. Keep in mind that obtaining a wide range of quotes will increase your chances of finding the best offered rates.
Save $445 a year. For real?
Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads on television and other media. They all seem to make an identical promise that you’ll save big if you switch your policy. How do they all claim to save you money? This is how they do it.
Insurance companies are able to cherry pick for the driver that earns them a profit. An example of a preferred risk might be between the ages of 30 and 50, has no tickets, and drives newer vehicles. A customer that hits that “sweet spot” receives the best rates and is almost guaranteed to save quite a bit of money when switching.
Consumers who do not match the requirements must pay a more expensive rate and this can result in the driver buying from a lower-cost company. The ads say “customers who switch” but not “drivers who get quotes” save money. That is how insurance companies can advertise the savings. This illustrates why you should get as many comparisons as possible. Because you never know which company will have the lowest rates.
Mercedes-Benz SL320 rates are in the details
It’s important that you understand the factors that go into determining the price you pay for car insurance. Having a good understanding of what influences your rates allows you to make educated decisions that could result in big savings.
- Extra coverages can waste money – There are a ton of extra bells and whistles you can purchase when buying car insurance. Coverages like roadside assistance, better glass coverage and additional equipment coverage are examples of these. They may seem good initially, but now you might not need them so get rid of them and save.
- A lapse in coverage is a bad thing – Having an insurance coverage lapse is a quick way to increase your car insurance rates. And not only will insurance be more expensive, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
- Frequent car insurance claims increase rates – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Car insurance companies give discounts to drivers who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
- Battle of the sexes – Statistics show that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. Women and men have accidents at a similar rate, but the males have costlier accidents. They also get cited for more serious violations like DUI and reckless driving. Youthful male drivers are several times more likely to be in an accident and are penalized with high car insurance rates.
- Do you know you’re credit rating? – Having a bad credit score is a huge factor in calculating your car insurance rates. If your credit is lower than you’d like, you could be paying less to insure your Mercedes-Benz SL320 by spending a little time repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers with poor credit.
- Better crash test results mean better rates – Vehicles with good safety scores tend to have better insurance rates. Safer cars have better occupant injury protection and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Mercedes-Benz SL320 has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
- Marriage pays dividends – Getting married helps lower the price on car insurance. Having a spouse usually means you are more mature and it’s proven that drivers who are married are more cautious.
- Rates may be higher depending on your occupation – Did you know your occupation can influence how much you pay for car insurance? Jobs such as lawyers, architects and accountants are shown to have higher rates than average due to high stress levels and long work days. On the flip side, professions such as scientists, athletes and performers pay the least on SL320 insurance.
Don’t overlook these discounts
Car insurance companies don’t always advertise every discount very clearly, so the following is a list of some of the more common as well as the least known discounts you could be receiving.
- Federal Employees – Simply working for the federal government could cut as much as 10% off on SL320 insurance with certain companies.
- Discount for Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
- Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and will save you 10% or more.
- Homeowners Savings – Owning a home may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
- E-sign – A handful of insurance companies will give a small break for buying a policy and signing up digitally online.
- Drivers Education – Have your child complete a driver education course in school.
- New Car Discount – Insuring a new car can be considerably cheaper since new cars are generally safer.
- Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of up to 25% or more.
- Fewer Miles Equal More Savings – Fewer annual miles on your Mercedes-Benz could be rewarded with lower rates on the low mileage vehicles.
- Multiple Vehicles – Having multiple vehicles on one policy qualifies for this discount.
As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky.
To see a list of insurers offering car insurance discounts, follow this link.
Quote often and quote early
We just presented many ideas to save on Mercedes-Benz SL320 insurance. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the lowest rates come from a smaller regional carrier. Regional companies can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.
The cheapest Mercedes-Benz SL320 insurance can be bought online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers don’t offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.
