2004 Mercedes-Benz SLK-Class Insurance Rates – 9 Tricks for Best Quotes

Locating cheaper insurance for a Mercedes-Benz SLK-Class can normally be a lot of work, but you can follow these tips and make it easy.

There is a right way and a wrong way to compare insurance coverage rates so you’re going to learn the absolute fastest way to quote coverages for a Mercedes-Benz and obtain the cheapest rates.

If you are insured now or are looking for a new policy, you will benefit by learning to get lower rates and possibly find even better coverage. Shopping for more affordable coverage is easy if you know what you’re doing. Vehicle owners just need to understand the most effective way to buy car insurance online.

Where Can I Get Cheap Auto Insurance?

Finding a better price on auto insurance isn’t really that difficult. You just need to invest a little time to compare rate quotes provided by online insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

The easiest and least time consuming way to find low rates is an all-inclusive rate comparison click to view form in new window. This method eliminates the need for boring form submissions for each company you want a rate for. One form submission will get you price quotes instantly. This is perfect if you don’t have a lot of time.
A more time consuming way to compare prices requires a visit to each company’s website to complete their respective quote request forms. For examples sake, let’s assume you want comparison quotes from USAA, State Farm and Progressive. To find out each rate you need to visit each site to input your insurance information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
The least recommended way to get comparison rates is driving to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the personal advice of a local agent. It is possible to get prices online but still have the advice of a local agent and we’ll talk about that later.

It’s up to you how you get prices quotes, just make absolute certain that you use apples-to-apples coverage limits with every price quote. If your comparisons have higher or lower deductibles it will be next to impossible to decipher which rate is best.

More discounts equal less premium

Properly insuring your vehicles can get expensive, but there are discounts available to help offset the cost. A few discounts will automatically apply when you get a quote, but lesser-known reductions have to be inquired about before they will apply. If you’re not getting every credit you deserve, you are throwing money away.

Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
55 and Retired – If you qualify as a senior citizen, you may qualify for a small decrease in premiums on SLK-Class insurance.
Student Driver Training – Require your teen driver to enroll in driver’s education in school.
Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and will save you 10% or more.
Distant Student – Children who are attending college without a vehicle on campus can receive lower rates.
Multi-car Discount – Insuring more than one vehicle on one policy could earn a price break for each car.
Homeowners Discount – Being a homeowner may trigger a insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
Early Switch Discount – Some companies give discounts for switching to them prior to your current policy expiring. It’s a savings of about 10%.
Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

Drivers should understand that most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you can get free auto insurance, it doesn’t quite work that way. Any amount of discount will help reduce your premiums.

For a list of insurance companies with discount insurance rates, click this link.

It’s not one size fits all

When choosing adequate coverage, there really is not a one size fits all plan. Everyone’s situation is a little different.

For instance, these questions might help in determining whether you might need professional guidance.

Where can I get insurance after a DUI in my state?
Should I put collision coverage on all my vehicles?
Am I covered when driving a rental car?
How can I force my company to pay a claim?
When does my teenage driver need to be added to my policy?
Can I drive in Mexico and have coverage?
How much can I save by bundling my policies?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and you can get the answers you need.

Auto insurance coverages and their meanings

Knowing the specifics of a auto insurance policy helps when choosing appropriate coverage for your vehicles. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Auto collision coverage

This coverage pays for damage to your SLK-Class resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, crashing into a ditch, rolling your car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mercedes-Benz SLK-Class.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverages

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, hitting a deer, damage from flooding and vandalism. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for chiropractic care, nursing services, prosthetic devices and EMT expenses. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Auto liability insurance

This protects you from injuries or damage you cause to other’s property or people. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as repair bills for other people’s vehicles, legal defense fees and structural damage. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.