Save on 2005 Mercedes-Benz SLK-Class Car Insurance Rates

Trying to come up with a payment for expensive insurance coverage can draw down your budget and force you to cut corners elsewhere. Doing a rate comparison can save money and help to slash your bill and have more diposable income.

Multiple auto insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurance companies to find the cheapest price

The quickest method we recommend to compare car insurance rates is to take advantage of the fact all the major auto insurance companies participate in a system to quote your coverage. The one thing you need to do is provide the companies a bit of rating information such as how many miles driven, if you lease or own, the ages of drivers, and whether you are married. Your rating data gets sent immediately to multiple different insurance companies and you should receive rate quotes almost instantly.

To check rates for your car now, click here and enter the information requested.

Verify you’re receiving every discount

Some insurance providers don’t list every policy discount in a way that’s easy to find, so the following is a list of some of the more common and also the lesser-known credits available to bring down your rates.

• Discounts for Responsible Drivers – Drivers who don’t get into accidents may save up to 50% more for SLK-Class coverage than their less cautious counterparts.
• Accident Forgiveness – This one is not really a discount per se, but companies like Liberty Mutual, Allstate and State Farm allow you one accident without raising rates if you have no claims prior to the accident.
• Sign Online – Certain insurance companies will give a small break get insurance coverage online.
• Good Student – Excelling in school may save you up to 25%. You can use this discount normally well after school through age 25.
• Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
• Include Life Insurance and Save – Not all insurance carriers offer life insurance, but some may give you a lower premium rate if you buy auto and life insurance together.
• Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings up to 30%.
• Student in College – Youth drivers who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.
• Multiple Vehicles – Buying a policy with all your vehicles on a single policy can get a discount for every vehicle.

It’s important to note that some credits don’t apply to the overall cost of the policy. Most cut individual premiums such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Larger insurance coverage companies and their possible discounts are outlined below.

• State Farm may include discounts for good driver, multiple autos, driver’s education, Steer Clear safe driver discount, and safe vehicle.
• Esurance discounts include good student, homeowner, anti-lock brakes, claim free, anti-theft, and good driver.
• Progressive offers discounts including online signing, continuous coverage, multi-policy, good student, and online quote discount.
• Liberty Mutual has savings for hybrid vehicle, good student, newly retired, preferred payment discount, new vehicle discount, and new move discount.
• Auto-Owners Insurance offers discounts for student away at school, good student, safe vehicle, multiple vehicles, anti-theft, multi-policy, and company car.
• Geico policyholders can earn discounts including emergency military deployment, membership and employees, multi-vehicle, federal employee, multi-policy, daytime running lights, and seat belt use.

When getting a coverage quote, ask every company how many discounts you can get. Some of the discounts discussed earlier might not be offered in your area. To see a list of companies that offer the discounts shown above, click this link.

When should I discuss my situation with an agent?

When choosing coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions may help you determine whether or not you might need an agent’s assistance.

• What exactly is covered by my policy?
• Does coverage extend to my business vehicle?
• Is extra glass coverage worth it?
• I have a DUI can I still get coverage?
• Do I need PIP (personal injury protection) coverage in my state?
• Which companies will insure high-risk drivers?
• How can I get my company to pay me more for my totalled car?
• Is my camper covered by my car insurance policy?
• Is a new car covered when I drive it off the dealer lot?
• Should I buy full coverage?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Coverage specifics

Understanding the coverages of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and coverage can change by endorsement. These are the normal coverages offered by insurance companies.

Liability

Liability insurance will cover injuries or damage you cause to a person or their property. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for things like loss of income, repair bills for other people’s vehicles, emergency aid and medical services. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as damaging your car on a curb, crashing into a building, hitting a mailbox, rolling your car and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Medical costs insurance

Med pay and PIP coverage kick in for expenses for dental work, funeral costs and prosthetic devices. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as vandalism, rock chips in glass, theft, damage from getting keyed and a broken windshield. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mercedes-Benz SLK-Class.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.