2001 Mercedes-Benz SLK-Class Insurance Quotes – 8 Tricks for Cheaper Rates

Have you had enough of wondering where the money will come from to pay insurance coverage each month? You’re in the same situation as many other people. With so many insurance coverage companies to choose from, it is very difficult to choose the most cost effective insurer.

It’s smart to price shop coverage yearly since prices trend upward over time. Even if you got the best quotes on SLK-Class insurance on your last policy you can probably find a lower rate today. There are a lot of ways to save on insurance coverage on the internet, but we’re going to give you a bunch of ideas how to find cheap insurance coverage.

These eight discounts can lower car insurance rates

Car insurance companies don’t always advertise all possible discounts very well, so here is a list both the well known as well as some of the hidden savings tricks you should be using when you buy auto insurance online. If you don’t get every credit you deserve, it’s possible you qualify for a lower rate.

  • Sign Online – Certain insurance companies provide a small discount for signing up on the web.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts as opposed to accident-prone drivers.
  • Accident Forgiveness – Not really a discount, but companies like Allstate and State Farm allow you one accident before raising your premiums so long as you haven’t had any claims for a set time period.
  • Homeowners Pay Less – Being a homeowner can save a few bucks due to the fact that maintaining a home shows financial diligence.
  • Payment Method – By paying your policy upfront instead of making monthly payments you may have a lower total premium amount.
  • Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. You can use this discount normally up to age 25.
  • Defensive Driver Discount – Taking a course teaching defensive driver skills is a good idea and can lower rates and easily pay for the cost of the class.

One last thing about discounts, some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like comprehensive or collision. Just because it seems like you could get a free car insurance policy, company stockholders wouldn’t be very happy.

The best car insurance companies and a partial list of their discounts are outlined below.

  • State Farm may offer discounts for Steer Clear safe driver discount, driver’s education, multiple autos, defensive driving training, safe vehicle, student away at school, and accident-free.
  • GEICO offers premium reductions for multi-policy, driver training, anti-lock brakes, defensive driver, anti-theft, multi-vehicle, and federal employee.
  • Liberty Mutual has discounts for teen driver discount, exclusive group savings, new move discount, hybrid vehicle, newly married, new graduate, and multi-policy.
  • The Hartford has savings for defensive driver, vehicle fuel type, air bag, bundle, anti-theft, and good student.
  • MetLife includes discounts for claim-free, good driver, multi-policy, defensive driver, accident-free, good student
  • Progressive may include discounts for online signing, homeowner, online quote discount, good student, and multi-vehicle.

If you need affordable auto insurance quotes, ask each insurance company which discounts you qualify for. All car insurance discounts may not be offered in your area. To see a list of providers that can offer you the previously mentioned discounts, follow this link.

How to compare insurance coverage rate quotes

Lowering your 2001 Mercedes-Benz SLK-Class insurance coverage rates isn’t really that difficult. You just need to spend a little time getting comparison quotes provided by online insurance companies. This can be done using a couple different methods.

  1. The easiest and least time consuming way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This quick form saves time by eliminating boring form submissions to each individual insurance coverage company. One quote request compares rates instantly.
  2. A harder way to shop for insurance coverage online consists of going to each individual company website to request a price quote. For examples sake, let’s say you want to compare Auto-Owners, GEICO and Progressive. In order to get each rate, you would have to visit each site to input your insurance information, and that’s why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

The approach you take is up to you, just be certain you are entering identical information on every quote. If you use mixed coverages then you won’t be able to determine which rate is truly the best.

When do I need an agent’s advice?

When buying coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that may help highlight whether or not you would benefit from professional advice.

  • Is my Mercedes-Benz SLK-Class covered if I use it for business?
  • Do I need PIP coverage since I have good health insurance?
  • What is high-risk coverage and where do I buy it?
  • Can I afford low physical damage deductibles?
  • What is an SR-22 filing?
  • Do I pay less for low miles?
  • Is rental equipment covered for theft or damage?
  • Do I need roadside assistance coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance advertisements

Consumers can’t get away from ads for car insurance savings by companies like Allstate and Progressive. All the companies make the point that you’ll save big just by moving your policy.

Is it even possible that every company can offer drivers better rates? You have to listen carefully.

Most companies have specific guidelines for the right customer that earns them a profit. An example of this type of driver might have to be married and over the age of 30, has no prior claims, and has a short commute. Anyone that fits those parameters receive the lowest rate quotes and is almost guaranteed to save quite a bit of money when switching.

Drivers who fall outside those standards may receive a higher rate and business not being written. The trick companies use is to say “drivers who switch” not “everyone who quotes” can get the lowest rates when switching. That is how companies can make those statements. This really emphasizes why you absolutely need to compare rate quotes every year. It is just not possible to predict with any certainty which company will provide you with the cheapest premium rates.

Parts of your auto insurance policy

Having a good grasp of your auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. Auto insurance terms can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types available from auto insurance companies.

Auto collision coverage

Collision insurance pays for damage to your SLK-Class resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as scraping a guard rail, colliding with a tree, crashing into a building and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Liability car insurance

This coverage can cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have $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 coverage pays for things such as funeral expenses, medical expenses, pain and suffering and loss of income. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred 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.

Medical expense insurance

Med pay and PIP coverage pay for expenses for EMT expenses, funeral costs, prosthetic devices and doctor visits. They are used in conjunction with a health insurance policy 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. PIP coverage is not available in all states and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance covers 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 can pay for claims such as hail damage, vandalism, hitting a deer and a broken windshield. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

More quotes. Lower rates.

Some insurance providers may not provide online price quotes and most of the time these regional carriers prefer to sell through independent insurance agencies. Cheaper car insurance can be found both online in addition to local insurance agencies, and you should compare price quotes from both so you have a total pricing picture.

As you quote auto insurance, make sure you don’t sacrifice coverage to reduce premiums. In many instances, drivers have reduced comprehensive coverage or liability limits only to discover later that they should have had better coverage. Your goal is to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

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