Compare 2004 Mercedes-Benz SLK-Class Car Insurance Rates

Searching for better insurance coverage rates for your Mercedes-Benz SLK-Class? Expensive Mercedes-Benz SLK-Class insurance can draw down your family’s budget and possibly require postponing other expenditures. You have multiple auto insurance companies to buy insurance from, and although it’s a good thing to have a selection, lots of choices makes it harder to locate the cheapest rates.

You should take the time to price shop coverage at least once a year because insurance coverage prices are variable and change quite frequently. If you had the best rate on SLK-Class coverage a couple years back the chances are good that you can find a lower premium rate today. Ignore everything you know about insurance coverage because we’re going to demonstrate the best way to reduce your cost while improving coverage.

Choosing the best insurance company for you is not that difficult. If you have a current auto insurance policy or are shopping for new coverage, you will benefit by learning to reduce the price you pay while maximizing coverage. Drivers just need to know the proper methods to shop for auto insurance online.

Discounts for affordable insurance rates

Some insurance providers don’t necessarily list every discount in a way that’s easy to find, so we break down a few of the more well known as well as some of the hidden savings tricks you should be using when you buy insurance online.

  • Seat Belts Save – Requiring all passengers to fasten their seat belts can save up to 15% off the medical payments premium.
  • Military Deployment Discount – Having a family member in the military may lower your premium rates slightly.
  • Government Employees – Active or former government employment could cut as much as 10% off on SLK-Class coverage depending on your insurance provider.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Distant Student Discount – Youth drivers who are attending college and don’t have a car could qualify for this discount.
  • Low Miles Discount – Driving less can qualify you for better premium rates on cars that stay parked.
  • Passenger Safety Discount – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Discounts for Responsible Drivers – Drivers who avoid accidents may receive a discount up to 45% on SLK-Class coverage than less cautious drivers.

One thing to note about discounts is that most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like liability and collision coverage. Even though it appears you can get free auto insurance, companies wouldn’t make money that way. Any qualifying discounts will lower the amount you have to pay.

A few popular companies and their offered discounts can be read below.

  • State Farm discounts include Drive Safe & Save, Steer Clear safe driver discount, defensive driving training, good student, anti-theft, and safe vehicle.
  • Farmers Insurance may offer discounts for distant student, youthful driver, teen driver, bundle discounts, switch companies, pay in full, and mature driver.
  • Geico has savings for emergency military deployment, daytime running lights, anti-theft, defensive driver, multi-vehicle, and seat belt use.
  • American Family includes discounts for defensive driver, air bags, Steer into Savings, good student, good driver, accident-free, and TimeAway discount.
  • Nationwide offers discounts for easy pay, defensive driving, Farm Bureau membership, anti-theft, family plan, and multi-policy.
  • Progressive policyholders can earn discounts including online quote discount, homeowner, multi-policy, good student, continuous coverage, and online signing.

When comparing rates, check with each company to give you their best rates. Some of the discounts discussed earlier may not apply in your area. If you would like to see a list of companies that have a full spectrum of discounts, click this link.

How to get free auto insurance quotes online

Shopping for lower auto insurance rates can be exhausting if you don’t understand the fastest way to get free quotes. You can waste a few hours (or days) talking about coverages with agents in your area, or you could save time and use the web to get pricing more quickly.

Most car insurance companies belong to a marketplace where prospective buyers submit one quote, and every company provides a quote based on that data. This system prevents you from having to do repetitive form submissions to each individual auto insurance company. To fill out one form to compare multiple rates now click here (opens in new window).

One minor caviat to using this type of form is buyers cannot specifically choose the providers you want pricing from. So if you want to select individual companies to compare rates, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.

The approach you take is up to you, just be certain you are entering the same information for each comparison quote. If your comparisons have differing limits it will be very difficult to make an equal comparison.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your vehicles, there really is not a cookie cutter policy. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether you could use an agent’s help.

  • Who is covered by my policy?
  • Can I rent a car in Mexico?
  • Will my rates increase for filing one claim?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I better off with higher deductibles on my 2004 Mercedes-Benz SLK-Class?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Can I drive in Mexico and have coverage?
  • Should I get collision insurance on every vehicle?
  • When should my teen driver be added to my policy?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Car insurance coverages for a Mercedes-Benz SLK-Class

Learning about specific coverages of insurance helps when choosing which coverages you need for your vehicles. Insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages found on the average insurance policy.

Collision protection

This coverage covers damage to your SLK-Class from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as scraping a guard rail, backing into a parked car, crashing into a building and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like X-ray expenses, rehabilitation expenses, funeral costs, prosthetic devices and nursing services. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Mercedes-Benz SLK-Class.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Liability coverages

This can cover damage that occurs to other’s property or people by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims such as repair costs for stationary objects, funeral expenses, emergency aid and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, a broken windshield, hitting a bird and fire damage. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Never pay more for less

As you shop your coverage around, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where an insured dropped liability limits or collision coverage only to find out that they should have had better coverage. Your aim should be to buy the best coverage you can find at the best price.

We just showed you a lot of information how to compare 2004 Mercedes-Benz SLK-Class insurance auto insurance rates online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with some of the lesser-known companies. Smaller companies may have significantly lower premium rates on certain market segments than their larger competitors like Allstate or State Farm.

To learn more, take a look at the resources below: