Locating the cheapest insurance for a Mercedes-Benz SLK-Class can be a lot of work, but you can learn these tips to make it easier.
There are more efficient ways to compare insurance coverage rates so you’re going to learn the quickest way to price shop coverage for a Mercedes-Benz and obtain the cheapest rates from both online companies and local agents.
Finding the lowest cost coverage is not that difficult. If you have a policy now or need a new policy, you can use this information to reduce the price you pay while maintaining coverages. Vehicle owners just need to understand the most efficient way to compare price quotes on the web.
Shopping for lower insurance rates can take hours if you don’t utilize the fastest way to get free quotes. You can spend countless hours talking to agents in your area, or you can stay home and use the internet to get the quickest rates.
Many popular insurance companies participate in a marketplace that enables customers to submit one quote, and each company can give them a price determined by their information. This system prevents you from having to do quotation requests for each company you want a rate for.
To participate in this free quote system, click here to open in new window.
The one downside to getting quotes like this is that you can’t choose the insurers you want pricing from. If you would rather choose specific insurance companies for rate comparison, we have assembled a list of the cheapest insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but double check that you are using the exact same quote information for each price quote. If the quotes have different deductibles then you won’t be able to find the best deal for your Mercedes-Benz SLK-Class.
Insurance can be prohibitively expensive, but companies offer discounts to help offset the cost. A few discounts will automatically apply when you quote, but a few need to be specially asked for prior to getting the savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
As a disclaimer on discounts, most credits do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like you can get free auto insurance, you’re out of luck. Any amount of discount will bring down your premiums.
Companies that may offer these money-saving discounts may include but are not limited to:
Before buying, ask each insurance company which discounts you may be entitled to. Discounts may not apply everywhere.
When it comes to buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique.
These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.
Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy.
Liability coverage – This protects you from damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like repair costs for stationary objects, pain and suffering and emergency aid. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
Collision coverage – Collision coverage will pay to fix damage to your SLK-Class from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as hitting a parking meter, scraping a guard rail, colliding with another moving vehicle, hitting a mailbox and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2000 Mercedes-Benz SLK-Class.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for bills like chiropractic care, hospital visits, X-ray expenses, prosthetic devices and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like damage from getting keyed, vandalism, damage from flooding, fire damage and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.