SL/R129: Insurance costs
Thread Starter
Member
Joined: Jul 2009
Posts: 179
Likes: 4
From: Illinois
2004 sl
Insurance costs
I am looking at buying a 2001 500 sl and my insurance co State Farm said the cost is 782.00 every 6 months.I thought that was crazy for a summer only car. I checked with Geico and they were about the same price.I’m 73 years old with a spotless driving records. Is this the normal price for these cars
MBWorld Fanatic!
Joined: Sep 2018
Posts: 3,247
Likes: 933
From: New Orleans Area
2015 E400 Sedan
to many variable dictate insurance prices to compare with others.
Insurance company
deductibles
driven miles
Policy limits
comprehensive or not?
bundling other insurance
add ons: Towing, roadside, accident free, etc
state and county you live in.
Driving record
Credit score
Recent claims
DRiver Age and number of drivers.
Household member who have license
Etc.
They look at everything
Insurance company
deductibles
driven miles
Policy limits
comprehensive or not?
bundling other insurance
add ons: Towing, roadside, accident free, etc
state and county you live in.
Driving record
Credit score
Recent claims
DRiver Age and number of drivers.
Household member who have license
Etc.
They look at everything
Junior Member
Joined: Jun 2021
Posts: 53
Likes: 10
From: Columbia, MO
2001 SL500, 2017 GLE350
Hagerty will insure you at agreed value for a very reasonable price. I have found no mileage restrictions - anyone please correct/update that - and I currently pay $539 for a year (suburban Atlanta). Agreed value $15000, and I get to keep the totalled wreck (parts!).
MBWorld Fanatic!
Joined: Mar 2016
Posts: 1,369
Likes: 195
From: SF Bay Area, CA
190E 2.6L 1989, 190E 2.6L 1988, BMW 535dXdrive 2014, BMW 428i 2015
Hagerty is generally best for old Benzes that are not driven that much, and the agreed total price is a good feature. My agreed price is $12K and I believe I pay under $400 out here in California.
Junior Member
Joined: Jun 2023
Posts: 25
Likes: 2
From: Nashville
SL 500
I just insured my recently bought 1998 MB SL500 for a really low annual rate, with great coverage. The age of my car qualified it for most collector car insurance company policies. If you drive your car a fairly low number of miles annually, your car should also qualify for a collector car policy. These rates are generally much lower than standard car insurance policies, but they do have some restrictions. The restrictions vary quite a bit from company to company, so it pays to shop around, talk to at least a couple different providers, and see if one will fit your needs. Almost all of them use agreed upon values. And Hagerty is not your only choice by any means. There’s Leland-West, Grundy, American Collectors just to name a few others.
