2000 Mercedes-Benz CLK-Class Insurance Cost – 5 Policy Discounts

Searching for cheaper auto insurance rates for your Mercedes-Benz CLK-Class? Nobody gets a kick out of paying for auto insurance, especially when the cost is too high.

There are many car insurance companies to insure vehicles with, and although it’s a good thing to be able to choose, more choices can make it harder to find the best rates.

Insurance discounts are available to slash your rates

Some insurers don’t always publicize the entire discount list very clearly, so the list below contains some of the more common as well as the least known ways to save on insurance. If they aren’t giving you every credit you qualify for, it’s possible you qualify for a lower rate.

  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
  • Theft Deterent Discount – Vehicles optioned with advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Own a Home and Save – Simply owning a home can save you money because owning a home is proof that your finances are in order.
  • Low Mileage – Maintaining low annual mileage may allow you to get better rates on cars that stay parked.
  • Save over 55 – Drivers over the age of 55 can get reduced rates on CLK-Class coverage.

Policy discounts save money, but most of the big mark downs will not be given to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. Even though it appears having all the discounts means you get insurance for free, that’s just not realistic.

The best insurance companies and some of the premium reductions they offer include:

  • 21st Century discounts include defensive driver, automatic seat belts, teen driver, theft prevention, 55 and older, good student, and early bird.
  • Progressive has discounts for online signing, multi-vehicle, homeowner, continuous coverage, multi-policy, good student, and online quote discount.
  • State Farm may include discounts for student away at school, good student, Drive Safe & Save, good driver, driver’s education, and defensive driving training.
  • Nationwide has savings for good student, multi-policy, anti-theft, easy pay, Farm Bureau membership, business or organization, and family plan.
  • Esurance offers premium reductions for online quote, good driver, DriveSense, paid-in-full, multi-car, and safety device.
  • The Hartford policyholders can earn discounts including defensive driver, driver training, vehicle fuel type, anti-theft, air bag, bundle, and good student.

If you want cheaper insurance coverage quotes, ask every prospective company how you can save money. Discounts might not apply in your area. If you would like to view insurance companies that offer discounts, click this link.

Don’t listen to company ads

Car insurance companies such as Progressive, Allstate and Geico consistently run ads on television and other media. All the ads say the same thing that drivers will save a bundle after switching your coverage. But how can every company give you a better price? You have to listen carefully.

All the different companies have a preferred profile for the type of customer that earns them the most money. An example of a profitable risk profile might have to be over the age of 45, has a low-risk occupation, and drives a vehicle with a low ISO rating. Anybody who matches that profile will get the preferred rates and will save a lot if they switch.

Drivers who do not meet these stringent criteria will probably be forced to pay a higher rate and the prospect going elsewhere. If you listen closely, the ads state “customers who switch” but not “everyone who gets a quote” will save that much if they switch. That is how companies can truthfully make claims that they all have the best prices.

Because of this risk profiling, you really should get a wide range of price quotes. Because you cannot predict the company that will have the lowest rate quotes.

Everyone needs different insurance coverages

When buying the best insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For instance, these questions could help you determine whether you might need an agent’s assistance.

  • Is my cargo covered for damage or theft?
  • When can I cancel my policy?
  • What are the best liability limits?
  • When should my teen driver be added to my policy?
  • What vehicles should carry emergency assistance coverage?
  • What is PIP insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my personal policy cover me when driving out-of-state?
  • Why am I required to buy high-risk coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Insurance coverage options for a Mercedes-Benz CLK-Class

Having a good grasp of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages offered by insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Mercedes-Benz CLK-Class.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually these limits are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for expenses for things like nursing services, chiropractic care and doctor visits. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision – Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, crashing into a ditch, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as fire damage, hail damage, hitting a bird and theft. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability car insurance – This coverage protects you from damage or injury you incur to other people or property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for claims such as legal defense fees, loss of income, attorney fees and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Don’t be a big spender

As you go through the steps to switch your coverage, it’s very important that you do not buy poor coverage just to save money. There are a lot of situations where someone sacrificed physical damage coverage and learned later they didn’t purchase enough coverage. Your focus should be to purchase a proper amount of coverage at the best cost, not the least amount of coverage.

We just presented some good ideas how to shop for 2000 Mercedes-Benz CLK-Class insurance online. It’s most important to understand that the more providers you compare, the better likelihood of getting cheap insurance coverage. You may even find the lowest prices are with a smaller regional carrier. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

More articles