2000 Mercedes-Benz SLK-Class Insurance Rates – 10 Ways to Save

Trying to find the cheapest insurance coverage rates for your Mercedes-Benz SLK-Class? Price shopping your insurance coverage can seem to be frustrating for beginners to quoting coverage prices online. With such a large choice of insurers to choose from, it can easily turn into a difficult mission to find cheaper insurance coverage rates.

Finding affordable coverage is quite easy. If you currently have a car insurance policy, you should be able to save some money using this strategy. Although vehicle owners can benefit from knowing how insurance companies market on the web because it can help you find the best coverage.

Car insurance discounts help reduce rates

Some companies do not list every discount very clearly, so here is a list some of the best known and also the lesser-known credits available to you.

  • Discount for Good Grades – This discount could provide a savings of up to 20% or more. The discount lasts well after school through age 25.
  • Onboard Data Collection – Insureds who allow their company to study their driving habits through the use of a telematics system such as State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
  • New Car Discount – Buying a new car model can get you a discount because newer vehicles have to meet stringent safety requirements.
  • Online Discount – A few larger online companies give back up to $50 for signing up on the web.
  • Defensive Driver Discount – Completing a course teaching safe driver skills could save 5% or more and make you a better driver.
  • No Claim Discounts – Insureds with no claims or accidents pay less as compared to policyholders that have many claims.
  • Distant Student Discount – Older children who live away from home at college and won’t have access to an insured vehicle could qualify for this discount.
  • Accident Forgiveness – This one is not really a discount per se, but some companies like GEICO and Liberty Mutual may permit one accident before raising your premiums if you have no claims prior to the accident.
  • Multi-Vehicle Discounts – Buying a policy with several vehicles on a single policy could earn a price break for each car.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices help deter theft and therefore earn up to a 10% discount.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. Even though it appears all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will help reduce your policy premium.

Popular car insurance companies and a partial list of their discounts are detailed below.

  • GEICO discounts include air bags, good student, anti-lock brakes, driver training, seat belt use, multi-vehicle, and daytime running lights.
  • Travelers includes discounts for save driver, multi-policy, student away at school, early quote, driver training, home ownership, and multi-car.
  • Nationwide may include discounts for multi-policy, anti-theft, defensive driving, Farm Bureau membership, business or organization, good student, and easy pay.
  • Farmers Insurance has savings for pay in full, distant student, bundle discounts, homeowner, and alternative fuel.
  • Esurance policyholders can earn discounts including paid-in-full, multi-car, online shopper, homeowner, multi-policy, and good driver.
  • State Farm offers discounts for driver’s education, Steer Clear safe driver discount, passive restraint, multiple policy, student away at school, Drive Safe & Save, and good student.
  • Progressive may have discounts that include homeowner, continuous coverage, multi-vehicle, multi-policy, online signing, and online quote discount.
  • Mercury Insurance offers discounts including annual mileage, good driver, accident-free, low natural disaster claims, and location of vehicle.

When quoting, ask each insurance company to give you their best rates. Some credits may not be available everywhere. If you would like to view insurance companies with discount car insurance rates, click here.

The most recommended method to get rate comparisons is to realize almost all companies will pay a fee to quote your coverage. All you need to do is provide details like what you do for a living, level of coverage desired, if you lease or own, and if a SR-22 is required. Your details is instantly submitted to many highly-rated insurers and you should receive rate quotes immediately.

Which is the best insurance coverage?

When it comes to choosing the right insurance coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine if your situation might need an agent’s assistance.

  • Is my trailer covered?
  • I have a DUI can I still get coverage?
  • How high should my medical payments coverage be?
  • Is my babysitter covered when using my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • If my 2000 Mercedes-Benz SLK-Class is totaled, can I afford another vehicle?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form.

Specific coverage details

Learning about specific coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Liability insurance – Liability coverage can cover damage that occurs to other people or property in an accident. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for claims such as emergency aid, structural damage and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, theft and hitting a deer. The highest amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage – This coverage covers damage to your SLK-Class caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, driving through your garage door, crashing into a building, colliding with a tree and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured and underinsured coverage – This coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Mercedes-Benz SLK-Class.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Coverage for medical payments – Med pay and PIP coverage kick in for immediate expenses for things like dental work, pain medications, rehabilitation expenses and ambulance fees. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Final considerations

We just covered many ideas to reduce 2000 Mercedes-Benz SLK-Class insurance prices online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding low cost car insurance. You may be surprised to find that the lowest prices are with a lesser-known regional company.

People switch companies for a number of reasons such as lack of trust in their agent, policy cancellation, delays in responding to claim requests or even policy non-renewal. No matter why you want to switch, finding the right car insurance provider is less work than it seems.

As you quote car insurance, it’s a bad idea to reduce coverage to reduce premium. In many instances, someone dropped comprehensive coverage or liability limits and discovered at claim time that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at a price you can afford.

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