Save on 2007 Mercedes-Benz SLK-Class Car Insurance Rates

Getting lower priced car insurance on the internet might appear rather challenging for vehicle owners that are not comfortable with quoting and comparing rates and buying car insurance over the internet. With such a big selection of agents and companies, how can drivers even start to compare the different rates to find the best price?

It is always a good idea to compare rates periodically because prices are variable and change quite frequently. Despite the fact that you may have had the lowest rates for SLK-Class insurance on your last policy you may be paying too much now. Forget all the misinformation about car insurance because you’re about to learn the easiest way to find the best coverage while lowering your premiums.

If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Buying the lowest cost auto insurance coverage can be fairly easy. But car owners can benefit from knowing how the larger insurance companies price insurance differently.

How much does car insurance cost?

Comparing car insurance rates is a ton of work if you don’t utilize the fastest way to get free quotes. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you can stay home and use the internet for quick rates.

All the larger companies participate in an industry program where insurance shoppers only type in their quote data once, and each participating company returns a competitive quote determined by their information. This eliminates the need for repetitive form submissions to each company. To use this form to compare rates click here to start a free quote.

One minor caviat to using this type of form is that you can’t choose which carriers you will receive quotes from. So if you prefer to pick specific providers to request quotes from, we put together a list of car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but be sure you’re using identical quote information on every quote. If your comparisons have different coverage information it will be next to impossible to truly determine the lowest rate. Quoting even small variations in coverage limits could skew the results. And when comparison shopping, having more price comparisons will increase your chances of finding more affordable rates. Not every company does online price quotes, so you also need to get price quotes from those companies as well.

Use discounts to get cheaper auto insurance quotes

Car insurance can cost a lot, but you might already qualify for some discounts that you may not even know about. Certain reductions will be credited at the time of quoting, but some may not be applied and must be specifically requested before being credited.

  • New Car Discount – Adding a new car to your policy can cost up to 25% less since new vehicles are generally safer.
  • Homeowners Discount – Just owning your own home can earn you a little savings because of the fact that having a home requires personal responsibility.
  • ABS and Traction Control Discounts – Cars with ABS braking systems or traction control have fewer accidents and will save you 10% or more.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and can earn a small discount on your policy.
  • Accident Free – Claim-free drivers pay less when compared with accident-prone drivers.

Discounts lower rates, but some of the credits will not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

Larger auto insurance companies and their offered discounts are:

  • American Family offers discounts for air bags, early bird, good driver, mySafetyValet, and defensive driver.
  • Farm Bureau may offer discounts for renewal discount, safe driver, 55 and retired, multi-vehicle, multi-policy, and driver training.
  • State Farm policyholders can earn discounts including anti-theft, Drive Safe & Save, good student, defensive driving training, multiple policy, and accident-free.
  • Travelers has discounts for student away at school, home ownership, multi-car, payment discounts, save driver, hybrid/electric vehicle, and early quote.
  • The Hartford discounts include vehicle fuel type, anti-theft, defensive driver, bundle, and good student.
  • Geico offers premium reductions for multi-policy, driver training, federal employee, good student, multi-vehicle, and military active duty.
  • Progressive offers discounts including multi-vehicle, online quote discount, good student, online signing, multi-policy, homeowner, and continuous coverage.

Before you buy a policy, ask every prospective company to apply every possible discount. Some credits may not be available everywhere. If you would like to see a list of insurance companies who offer cheap auto insurance quotes, click here.

Why your insurance rates might be higher

A large part of saving on auto insurance is knowing some of the elements that help calculate auto insurance rates. If you know what determines premiums, this enables you to make decisions that may reward you with big savings.

  • Low mileage costs less – The more miles you rack up on your Mercedes-Benz in a year’s time the more you’ll pay to insure it. Many insurance companies apply a rate based upon how the vehicle is primarily used. Cars and trucks that are left in the garage can get a lower rate than those used for commuting. Verify your vehicle rating correctly shows the right rating data, because improper ratings can cost you money. An improperly rated SLK-Class can result in significantly higher rates.
  • Improve your credit rating and save – Having a good credit history is likely to be a major factor in determining your rates. Insureds that have good credit tend to be less risk to insure as compared to drivers with lower ratings. If your credit score can use some improvement, you could be paying less to insure your 2007 Mercedes-Benz SLK-Class by improving your credit score.
  • Teenagers vs. experienced drivers – More mature drivers are more cautious drivers, are lower risk to insure , and are generally more financially stable.Beginning drivers are proven to be more careless when at the wheel of a vehicle so they pay higher auto insurance rates.
  • Get better rates if married – Getting married may save some money on auto insurance. It translates into being more responsible and it’s proven that married drivers tend to have fewer serious accidents.

Tailor your insurance coverage to you

When it comes to buying coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s needs are different.

For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • Is my state a no-fault state?
  • What is roadside assistance coverage?
  • What if I total my 2007 Mercedes-Benz SLK-Class and owe more than it’s worth?
  • What discounts do I qualify for?
  • Do I need added coverage for expensive stereo equipment?
  • Can my teen drive my company car?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form.

Specifics of your insurance policy

Learning about specific coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Mercedes-Benz SLK-Class.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like falling objects, damage from getting keyed, a broken windshield and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like X-ray expenses, prosthetic devices, dental work and pain medications. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Liability coverages – Liability insurance can cover injuries or damage you cause to other people or property that is your fault. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims like attorney fees, pain and suffering, medical expenses, bail bonds and court costs. 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.

Collision coverage – This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, scraping a guard rail, rolling your car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Don’t break the bank

We just covered many ways to compare 2007 Mercedes-Benz SLK-Class insurance rates online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance coverage comes from a smaller regional carrier.

People change insurance companies for any number of reasons including policy non-renewal, high rates after DUI convictions, delays in responding to claim requests or an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a great new company can be pretty painless.

Some insurance coverage companies do not provide online price quotes and most of the time these smaller providers only sell through independent agencies. Cheap 2007 Mercedes-Benz SLK-Class insurance is definitely available from both online companies in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture.

Much more information about insurance coverage can be found at the links below