Want cheaper insurance rates for your Mercedes-Benz SLK-Class? I can’t think of anyone who enjoys paying for insurance, in particular when they are paying too much. Companies like Progressive, State Farm and GEICO increase brand awareness with ads and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.
Auto insurance companies don’t necessarily list all their discounts in a way that’s easy to find, so we break down both well-publicized and also the lesser-known ways to save on car insurance. If you aren’t receiving every discount available, you’re paying more than you need to.
A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Most only cut individual premiums such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, it doesn’t quite work that way.
A partial list of companies that may offer these benefits include:
Double check with each insurance company which discounts they offer. All car insurance discounts might not be offered everywhere.
When buying adequate coverage, there isn’t really a cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions might point out if you could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Consumers get pounded daily by advertisements for car insurance savings from companies such as Allstate and Progressive. They all seem to make the same claim of big savings if you switch your policy.
But how can every company claim to save you money?
Insurance companies can use profiling for the type of driver that makes them money. An example of a profitable customer might be between the ages of 40 and 55, has no prior claims, and has a high credit rating. A customer who meets those qualifications will get the preferred rates and as a result will probably cut their rates substantially.
Drivers who do not match the “perfect” profile must pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can confidently advertise the way they do. This illustrates why drivers should get quotes from several different companies. It is impossible to predict the company that will fit your personal profile best.
Knowing the specifics of your auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages offered by auto insurance companies.
This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Collision coverage pays for damage to your SLK-Class from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims like crashing into a building, sustaining damage from a pot hole, colliding with another moving vehicle and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as nursing services, doctor visits, dental work, X-ray expenses and pain medications. They are used to fill the gap from your health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Liability coverage will cover damage that occurs to other people or property by causing an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability can pay for things like court costs, repair costs for stationary objects, structural damage and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.
As you go through the steps to switch your coverage, it’s very important that you do not buy less coverage just to save a little money. In many cases, someone dropped liability coverage limits and discovered at claim time they didn’t have enough coverage. Your focus should be to buy enough coverage at a price you can afford.
We just showed you a lot of tips how to save on 2001 Mercedes-Benz SLK-Class insurance. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest premiums are with some of the lesser-known companies. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate or State Farm.