How Much Does 1998 Mercedes-Benz SLK-Class Car Insurance Cost?

Tired of not being able to scrape enough together to buy auto insurance? You are no different than most other vehicle owners. Insurance companies such as State Farm, Allstate, Geico and Progressive promote their brand names with ad campaigns and it is difficult to ignore the flashy ads and effectively compare rates to find the best deal.

If you are insured now or need a new policy, you will benefit by learning to cut your premiums while maintaining coverages. Finding affordable coverage is not rocket science. Drivers just need to know the tricks to compare prices on the web.

Buy auto insurance online

Many insurance companies like Progressive, Allstate and Geico provide price estimates on their websites. Comparing rates online can be done by anyone as you just type in your coverage preferences into the form. After you submit the form their quoting system will order your driving and credit reports and returns pricing information. Being able to quote online makes it simple to compare prices but the time required to go to a lot of sites and complete many quote forms is a big time waster. Unfortunately, it is important to do this if you want to get the lowest auto insurance rates.

Quote rates the easy way

An easier way to find cheaper rates uses one form that analyzes rates from many companies. The form is fast, eliminates repetitive work, and makes quoting online much more efficient. After sending the form, it gets priced and you can choose any of the price quotes you receive. If the quotes result in lower rates, you can simply submit the application and buy the new coverage. The entire process takes 15 minutes at the most and you’ll know if lower rates are available.

To save time and use this form to compare rates, click here and submit your coverage information. If you have a policy now, it’s recommended you complete the form with the coverages exactly as shown on your declarations page. This guarantees you are getting a rate comparison using the same coverage and limits.

Car insurance companies offer lots of discounts

Insuring your vehicles can cost a lot, but you may be missing some discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be specifically requested before you will receive the discount.

  • Cautious Drivers – Insureds without accidents can save as much as half off their rates on SLK-Class coverage than their less cautious counterparts.
  • Telematics Devices – Insureds that choose to allow driving data submission to study when and where they use their vehicle by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if their driving habits are good.
  • Theft Prevention Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and can earn a small discount on your policy.
  • Multi-car Discount – Buying coverage for several vehicles on one policy can get a discount on all vehicles.
  • Paperless Signup – A few companies give back up to $50 for completing your application on your computer.
  • Driver Training Discounts – Passing a class that teaches driver safety techniques could earn you a small percentage discount and easily recoup the cost of the course.
  • Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts can get savings of 20 to 30 percent.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to fasten their seat belts could save 15% off the personal injury premium cost.
  • Full Payment Discount – By making one initial payment rather than paying in monthly installments you can avoid the installment charge.

We need to note that most discount credits are not given to all coverage premiums. A few only apply to specific coverage prices like liability, collision or medical payments. Even though the math looks like all the discounts add up to a free policy, it’s just not the way it works.

The best car insurance companies and the discounts they provide are outlined below.

  • Esurance policyholders can earn discounts including renters, homeowner, Pac-12 alumni, good driver, and good student.
  • The Hartford has discounts for anti-theft, good student, bundle, air bag, and vehicle fuel type.
  • AAA may include discounts for anti-theft, education and occupation, pay-in-full, AAA membership discount, and good student.
  • Geico offers discounts including multi-vehicle, membership and employees, good student, five-year accident-free, military active duty, driver training, and defensive driver.
  • State Farm has savings for Drive Safe & Save, defensive driving training, good driver, multiple policy, Steer Clear safe driver discount, and good student.

Double check with every company to apply every possible discount. Discounts might not be offered in your area. To locate providers with discount rates, click here to view.

Do I just need basic coverages?

When choosing coverage for your vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions can help discover if you may require specific advice.

  • Can I get a multi-policy discount?
  • How does medical payments coverage work?
  • What can I do if my company denied a claim?
  • What is no-fault insurance?
  • Why am I required to get a high-risk car insurance policy?
  • Does my insurance cover my expensive audio equipment?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I have coverage when making deliveries for my home business?
  • How much liability insurance is required?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

How you can control Mercedes-Benz SLK-Class insurance prices

Consumers need to have an understanding of the different types of things that are used to determine your policy premiums. When consumers understand what determines base rates, this enables informed choices that could help you find lower rates.

  • Deter theft and save money – Selecting a car model that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent vehicle theft.
  • Do you know you’re credit score? – An insured’s credit history can be an important factor in determining what you pay. People that have good credit tend to be better drivers and file fewer claims than drivers with lower ratings. If your credit history can use some improvement, you could potentially save money when insuring your 1998 Mercedes-Benz SLK-Class by spending a little time repairing your credit.
  • How many coverages with the same company – Most insurance companies provide better rates to clients who carry more than one policy, otherwise known as a multi-policy discount. The discount can be five, ten or even twenty percent. Even if you qualify for this discount already, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible.
  • Driving citations will cost you – Just one speeding ticket can boost insurance rates by as much as twenty percent. Drivers who don’t get tickets get better rates than bad drivers. Drivers who have received dangerous citations like DUI, reckless driving or excessive speeding may face state-mandated requirements to complete a SR-22 to the state department of motor vehicles in order to continue driving.
  • Too many auto insurance claims and you’ll pay more – Insurance companies give the lowest premiums to drivers who only file infrequent claims. If you file a lot of claims you can look forward to much higher rates or policy non-renewal. Your insurance policy is intended for major claims that would cause financial hardship.
  • Increase coverage deductibles to save – Comprehensive and collision coverage deductibles represent how much money you are willing to pay if a covered claim is submitted. Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your car. Examples of covered claims would be collision with another vehicle, collision with a deer, and having a roll-over accident. The more the insured is willing to pay, the bigger discount you will receive on SLK-Class coverage.
  • Better auto insurance rates for no policy lapses – Not maintaining insurance is illegal and your next policy will cost more because you let your insurance lapse. Not only will you pay more, the inability to provide proof of insurance will get you fines and jail time.

Insurance coverages and their meanings

Knowing the specifics of your policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverages found on the average insurance policy.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Collision insurance

This will pay to fix damage to your SLK-Class resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sideswiping another vehicle, damaging your car on a curb, scraping a guard rail, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as doctor visits, prosthetic devices and funeral costs. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive protection

This pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, fire damage and a broken windshield. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability

Liability coverage protects you from damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as emergency aid, repair bills for other people’s vehicles and loss of income. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

More comparisons equals lower rates

Lower-priced auto insurance is definitely available online and from local agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies may not provide price quotes online and most of the time these small, regional companies provide coverage only through independent agencies.

As you go through the steps to switch your coverage, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where someone sacrificed physical damage coverage only to find out that they should have had better coverage. The ultimate goal is to purchase plenty of coverage at the best cost, but do not skimp to save money.

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