2009 Mercedes-Benz SLK-Class Insurance Rates – 10 Tips for Cheapest Quotes

Trying to find cheaper car insurance rates for your Mercedes-Benz SLK-Class? Nobody anticipates paying for car insurance, especially knowing they could find better prices if they shop around. Vehicle owners have multiple car insurance companies to pick from, and though it is a good thing to have a choice, so many choices can make it hard to find the lowest cost provider.

Consumers need to price shop coverage once or twice a year because insurance prices are rarely the same from one policy term to another. Just because you had the lowest rate for SLK-Class coverage six months ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about car insurance because you’re going to get a crash course in one of the quickest ways to find lower rates on car insurance.

How much is insurance?

There are several ways you can shop for insurance and some are more efficient than others. You can waste hours talking to insurance companies in your area, or you could use the web to maximize your effort.

Many popular insurance companies participate in a marketplace where prospective buyers enter their policy data once, and at least one company can give them a price based on that information. This eliminates the need for repetitive form submissions for each company you want a rate for.

To access this free quoting program, click here (opens in new window).

The one downside to using this type of form is you don’t know exactly which providers to get pricing from. So if you want to select individual companies to compare, we put together a list of insurance companies in your area. Click to view list.

Whichever way you choose to compare rates, do your best to enter apples-to-apples quote information on every price quote you get. If you enter different limits and deductibles on each one it will be next to impossible to get a fair rate comparison.

Take these ten policy discounts and save

Not many people think insurance is cheap, but you can get discounts that you may not know about. Certain reductions will be credited at the time of quoting, but a few need to be asked for before you get the savings.

  • Home Ownership Discount – Being a homeowner can earn you a little savings since owning and maintaining a home shows financial diligence.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are less likely to be stolen and therefore earn up to a 10% discount.
  • Seat Belt Discounts – Buckling up and requiring all passengers to buckle up can save up to 15% on the medical payments or PIP coverage costs.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it can save substantially.
  • Telematics Discount – Insureds that choose to allow data collection to scrutinize when and where they use their vehicle by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
  • Renewal Discounts – Some insurance companies provide a discount for signing up prior to your current policy expiring. You could save around 10% when you buy car insurance online.
  • Defensive Driver Discount – Taking a defensive driver class may get you a small discount depending on where you live.
  • Senior Discount – Mature drivers may receive better auto insurance rates for SLK-Class coverage.
  • Passenger Safety Discount – Factory options such as air bags and/or automatic seat belt systems may get savings of up to 25% or more.
  • No Claims – Drivers who don’t have accidents can save substantially as compared to drivers who are more careless.

It’s important to note that most credits do not apply the the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. So even though you would think you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

To find insurers with discount auto insurance rates, click this link.

Which policy gives me the best coverage?

When it comes to buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Each situation is unique so your insurance needs to address that. These are some specific questions could help you determine if you would benefit from professional advice.

  • Is rental equipment covered for theft or damage?
  • What is UM/UIM insurance?
  • How do I buy GAP insurance?
  • If I drive on a suspended license am I covered?
  • I don’t drive much so do I pay less?
  • What if I don’t agree with a claim settlement offer?
  • What can I do if my company won’t pay a claim?
  • Do I need replacement cost coverage?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

What insurance coverages do you need?

Knowing the specifics of a insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.

Liability insurance

Liability insurance will cover injuries or damage you cause to other people or property that is your fault. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things such as bail bonds, attorney fees, repair costs for stationary objects, pain and suffering and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

Collision coverage will pay to fix damage to your SLK-Class from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as colliding with another moving vehicle, damaging your car on a curb, sustaining damage from a pot hole, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Mercedes-Benz SLK-Class.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Coverage for medical payments

Med pay and PIP coverage kick in for bills like ambulance fees, hospital visits and X-ray expenses. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hitting a deer, damage from flooding, rock chips in glass, hitting a bird and falling objects. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

What is YOUR best insurance company?

Lower-priced auto insurance can be bought both online in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. Some companies may not have rate quotes online and usually these small, regional companies sell through independent insurance agents.

We just presented some good ideas how you can reduce 2009 Mercedes-Benz SLK-Class insurance car insurance rates online. The most important thing to understand is the more you quote car insurance, the higher the chance of saving money. You may even discover the biggest savings come from a small local company. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Geico and State Farm.

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