SL55 AMG, SL63 AMG, SL65 AMG (R230) 2002 - 2011 (2003 US for SL55 and 2004 for the SL65)

SL55/63/65/R230 AMG: New Owner, 03 SL55...insurance question

Old May 26, 2011 | 06:07 PM
  #1  
oren217's Avatar
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SL55 AMG
New Owner, 03 SL55...insurance question

hey guys, just joined the family...

picked up an 03 SL55 this weekend for 29k cash with 60k mi...best day of my life!

i was just wonderin if i could get some feedback on what you're payin on insurance? im 25 yrs old with 1 speeding ticket in 2009..geico quoted me $1012 for 6months ($2024 for the year)

just wondering if that seems a little high? 1000 deductible on comp and collision, w/ 500k pip
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Old May 26, 2011 | 07:06 PM
  #2  
aluthman's Avatar
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2003 SL55 AMG
That's better than some premiums I've heard of. It does vary widely by location though. For some reason, Geico has always given me retardedly high quotes. I'm insured with state farm and they have always been the cheapest for me.
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Old May 26, 2011 | 09:06 PM
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cls55
Call around I would think it should be closer to half of what you are paying. I'm 30 and have a cls55 and pay $900 a year with state farm.
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Old May 27, 2011 | 09:00 AM
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If you can get to 3 years with no tickets/accidents give State Farm a call. You should be able to get to about half of that if you qualify for their mutual company...

I'm in Florida and pay $1200/year for my SL55 ($500 ded 100k/300k limits).
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Old May 27, 2011 | 09:27 AM
  #5  
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2011_C350
Very fair question.

Very hard to answer.

Most insurance consumers incorrectly think they can throw out age car and driving history and get the actual rate.

We need your age, marital status, credit score, the REAL amount of tickets and accidents in past 3 years, annual mileage, amount of cars, how long you have been insured...

Further, the other posters are not telling you how long they have been insured with their companies and how many OTHER products they have with their current carriers.

Long story short, you need to make some dials and report back to us.
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Old May 27, 2011 | 11:51 AM
  #6  
oren217's Avatar
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what you say makes alot of sense richie,
i was really just trying to get a ballpark.. just see if im in the range, even if im on the high end of the range as a single young guy... i think this thread is good for anyone looking to shop around before they buy thier car anyway

i did check progressive before i went with geico and they quoted me like 7 grand!!! i started laughing and the guy actually said to me, "whats so funny?" so when i told him what geico's quote was, he then said well they obviously made a mistake...so i sat there on the phone in disbelief and said, you mean to tell me that the 7000 quote isnt a mistake but the quote for 1000 is?? does that sound right to you for a car worth 30 something? ...didnt get very far after that. haha

but it seems like state farm is the general consensus here so im gonna check with them as well,

thanks everyone
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Old May 29, 2011 | 01:13 PM
  #7  
jgv's Avatar
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2003 SL 55 2011 VW Jetta Sportwagen
'03 SL55 $286 per year with Grundy. Top that!
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Old May 29, 2011 | 02:31 PM
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I bet the Grundy policy has milage and use restictions, wouldn't do me a bit of good.
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Old May 29, 2011 | 03:18 PM
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Benz-O-Rama's Avatar
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Eurocharged 2004 E500, Eurocharged ECU/TCU 2005 SL600, 2010 Caddy SwaggerWagon
I pay per year:

$972 for 2005 SL600
$987 for 2007 Range Rover Supercharged
$828 for 2004 E500

$200 collison deductible
$200 comprehensive deductible

Erie Insurance.
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Old May 29, 2011 | 04:36 PM
  #10  
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Originally Posted by mptolomey
I bet the Grundy policy has milage and use restictions, wouldn't do me a bit of good.
No mileage restrictions. Can't use the car for work or to run errands. Pretty reasonable.
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Old May 30, 2011 | 09:48 AM
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mptolomey's Avatar
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That's great for a weekend cruiser, I had it for my Cobra. But worthless if your car is daily driven. Most of my driving is to and from work or just running around.
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Old May 30, 2011 | 12:50 PM
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From: Sherman Oaks, CA
06 CLS55 w/ P030, 05 Jag S Type R, 05 TBird-68 Dodge Charger R/T-440 w/4speed I'm original owner
You guys live in the ozarks with that low pricing. Here in So Cal I pay about $2400 yr for my 06 CLS 55 with 500K g/l, 200 ded for col, 100K uninsured motorist, 5K med and that is just for 1 car. No tickets in 20 yrs! With Mercury Insur. 6+ yrs. (This is very good pricing compared to others in this locale)

For my all my 8 cars, about $7K/yr (NIC my Bentley which is the cheapest with Hagardy-$600/yr Classic Car Insur)
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Old Jun 24, 2011 | 01:18 PM
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SL 55 AMG
You're overpaying, however you're young with a speeding ticket. Take defensive driving course and there goes 10% off your bill. Check around. If u need to I insure more than one vehicle or a house with it, they'll give u deals. Also, I'd slow down. Ive been through so many tickets that it just isn't worth it anymore. Good luck.


Scott
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Old Jun 25, 2011 | 12:32 AM
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Originally Posted by jgv
'03 SL55 $286 per year with Grundy. Top that!
Since NJ has some of the highest insurance rates in the country, $286 sounds amazing. Is Grundy having you flat bed the car in a bubble everywhere!
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Old Jul 7, 2011 | 08:03 PM
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Im in nj and $286 doesnt even cover my 07 honda accord for 6 months! Im with geico.
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Old Jul 7, 2011 | 10:45 PM
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jgv's Avatar
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From: Central NJ
2003 SL 55 2011 VW Jetta Sportwagen
Originally Posted by IngenereAMG
Since NJ has some of the highest insurance rates in the country, $286 sounds amazing. Is Grundy having you flat bed the car in a bubble everywhere!
.

Wait, it gets better! Seems I overpaid by $112 so they sent me a check back. That's $174 for the year, not $286. Grundy's only limitations are no errands with the car, no driving to work and it has to be garaged. I use the car primarily to go to the shore, so it's perfect insurance for me. They don't have a mileage limitation either. But I only do maybe 3-4 thousand miles per year, tops.

My VW I insure with Geico runs me about $1800 per year. Go figure!
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Old Aug 6, 2011 | 05:41 PM
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SL55 AMG
You guys have it easy!

22 years old, 0 accidents and 0 convictions, 3 years no claims......just over £3000.00 for 12 months.
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