2002 Mercedes-Benz SLK-Class Car Insurance Cost

Locating the cheapest insurance for a Mercedes-Benz SLK-Class could be difficult, but you can learn the following methods to make it easier.

There are both good and bad ways to buy insurance coverage so you’re going to learn the quickest way to price shop coverage on a Mercedes-Benz and obtain the lowest price either online or from local insurance agents.

If you have insurance now or are shopping for new coverage, you can use these tips to cut your premiums and still get good coverage. Shopping for cheaper insurance coverage coverage is simple if you know the tricks. Vehicle owners only need to know the tricks to compare price quotes on the web.

Smart buyers can slash their insurance prices

Multiple criteria are part of the calculation when you quote your car insurance policy. Some of the criteria are obvious like your driving record, but some are not quite as obvious like your vehicle usage or your commute time.

The list below includes a partial list of the pieces used by your company to calculate your premiums.

  • Premiums are high for teenagers – More mature drivers are viewed as being more responsible, cause fewer claims and accidents and are safer drivers.Drivers with little experience are statistically shown to be careless and easily distracted when driving with friends and because of this, their car insurance rates are much higher.
  • File car insurance claims and pay more – Car insurance companies provide cheaper rates to insureds who are claim-free. If you frequently file small claims, you can pretty much guarantee higher rates. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
  • Liability preserves assets – A critical coverage on your policy, liability insurance is the protection when you are responsible for causing damage or personal injury in an accident. This coverage provides for a legal defense starting from day one. This coverage is relatively inexpensive compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
  • The higher your credit history the lower your prices – Your credit score can be a huge factor in your rate calculation. Drivers who have excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with lower credit scores. Therefore, if your credit rating leaves room for improvement, you could save money insuring your 2002 Mercedes-Benz SLK-Class by spending a little time repairing your credit.
  • Are males or females drivers cheaper? – Statistics demonstrate that females tend to be a little less risky than males. This data doesn’t prove that women are better drivers. Both genders get in auto accidents in similar numbers, but the male of the species tend to have higher claims. Not only are claims higher, but men receive more costly citations like reckless driving and DUI.

Drivers can save with these money-saving discounts

Insurance can cost an arm and a leg, but you might be missing out on some discounts that you may not even be aware of. Certain credits will be shown when you complete an application, but once in a while a discount must be inquired about before you get the savings.

  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • ABS Braking Discount – Cars and trucks with ABS braking systems or traction control are safer to drive and earn discounts up to 10%.
  • Policy Bundle Discount – If you combine your auto and home policies with one insurance company you will save over 10 percent off each policy depending on the company.
  • College Student – who live away from home to go to college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Discounts for Federal Employees – Employees or retirees of the government may qualify for a discount when you quote car insurance for SLK-Class insurance with a few insurance coverage companies.

You should keep in mind that most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like comp or med pay. Despite the appearance that it’s possible to get free car insurance, you aren’t that lucky.

A few popular companies and a partial list of their discounts include:

  • Progressive includes discounts for online signing, good student, online quote discount, multi-vehicle, continuous coverage, multi-policy, and homeowner.
  • GEICO discounts include anti-theft, five-year accident-free, anti-lock brakes, multi-vehicle, air bags, and military active duty.
  • State Farm offers discounts including anti-theft, Drive Safe & Save, passive restraint, accident-free, multiple policy, and Steer Clear safe driver discount.
  • Esurance has discounts for online quote, multi-policy, good driver, DriveSense, and multi-car.
  • The Hartford offers discounts for air bag, good student, bundle, defensive driver, driver training, vehicle fuel type, and anti-theft.

Check with each company the best way to save money. Depending on the company, some discounts may not be offered in your area. If you would like to choose from a list of insurance companies who offer free insurance coverage quotes, follow this link.

Do I need special coverages?

When choosing the best car insurance coverage, there really is no single plan that fits everyone. Everyone’s needs are different.

Here are some questions about coverages that may help highlight whether you will benefit from professional help.

  • How can I get my company to pay me more for my totalled car?
  • Does liability extend to a camper or trailer?
  • What if I total my 2002 Mercedes-Benz SLK-Class and owe more than it’s worth?
  • What is the rate difference between pleasure use and commuting?
  • What is PIP insurance?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What should my uninsured motorist coverage limits be in my state?
  • Is business property covered if stolen from my car?
  • Should I carry comprehensive and collision coverage?
  • Is rental equipment covered for theft or damage?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Insurance coverage considerations

Learning about specific coverages of a insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Collision protection

This coverage pays for damage to your SLK-Class resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like colliding with another moving vehicle, hitting a parking meter, rolling your car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive protection

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, hitting a deer and a broken windshield. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for expenses such as surgery, X-ray expenses and funeral costs. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as medical expenses, repair bills for other people’s vehicles, bail bonds, repair costs for stationary objects and funeral expenses. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

A little work can save a LOT of money

When shopping online for auto insurance, make sure you don’t buy poor coverage just to save money. There are many occasions where an insured cut uninsured motorist or liability limits and learned later they didn’t purchase enough coverage. Your focus should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

People who switch companies do it for any number of reasons including extreme rates for teen drivers, high prices, denial of a claim or even being labeled a high risk driver. It doesn’t matter why you want to switch switching auto insurance companies is actually quite simple.

Cost effective 2002 Mercedes-Benz SLK-Class insurance can be found from both online companies and from local insurance agents, so you need to quote car insurance with both to have the best rate selection. Some auto insurance companies do not offer internet price quotes and most of the time these smaller providers only sell through local independent agents.

More detailed auto insurance information is available at these sites: