2003 Mercedes-Benz SLK-Class Car Insurance Rates

No one looks forward to buying insurance, especially knowing their premiums are too high. There is such a variety of insurers to pick from, and though it is a good thing to have multiple companies, more choices can make it harder to find the lowest cost provider.

You need to quote other rates every six months because rates go up and down regularly. Despite the fact that you may have had the best rate on SLK-Class coverage six months ago a different company probably has better prices today. You’ll find a ton of advice on insurance online, but I’m going to show you some solid techniques on how to find affordable insurance.

Finding the best rates is easy if you know what you’re doing. If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using this information. Drivers just need to learn the most effective way to shop their coverage around on the web.

How to find low cost insurance coverage

Many insurance companies make it easy to get prices online. Getting online quotes can be done by anyone as all you need to do is type in your required coverages into the quote form. Once you submit the form, their system makes automated requests for reports for credit and driving violations and quotes a price based on the data you entered. Quoting online makes comparing rates easy, but the process of having to visit many different websites and fill out multiple forms is a waste of time. But it’s absolutely necessary to do this if you want to get the lowest possible prices on insurance coverage.

A more efficient way to lower your insurance coverage bill uses one simple form to get prices from a bunch of companies at once. The form is fast, helps eliminate reptitive entry, and makes quoting online much easier. After your information is entered, it gets priced and you can choose your choice of the pricing results. If the quotes result in lower rates, you can simply submit the application and buy the new coverage. The entire process just takes a couple of minutes and you’ll know if lower rates are available.

To find out how much you can save on insurance coverage, click here to open in new window and complete the simple form. If you have coverage now, it’s recommended you complete the form with the limits and deductibles as close as possible to your current policy. Using the same limits helps guarantee you will have a price comparison for similar insurance coverage.

These discounts can lower your insurance quotes

Some insurers don’t always publicize every disount available very well, so the following list contains some of the more common as well as some of the hidden savings tricks you should be using when you buy insurance online.

Discount for Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems could see savings as much as 30%.
Good Student Discount – This discount can save 20 to 25%. Many companies even apply the discount to college students up to age 25.
Life Insurance Discount – Select insurance carriers reward you with a discounted premium rate on car insurance if you buy some life insurance too.
Low Mileage Discounts – Maintaining low annual mileage may enable drivers to earn cheaper prices.
E-sign Discounts – A few companies give back up to $50 get insurance digitally online.
College Student Discount – College-age children who are enrolled in a college that is more than 100 miles from home and don’t have a car can be insured at a reduced rate.
Savings for New Vehicles – Adding a new car to your policy can get you a discount because newer models keep occupants safer.
Active Military Service – Having a family member in the military can result in better prices.

Policy discounts save money, but some credits don’t apply to the overall cost of the policy. Most only cut the cost of specific coverages such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, insurance companies aren’t that generous. But any discount should help reduce your premiums.

Some of the insurance companies who might offer these money-saving discounts include:

Before buying, ask every prospective company the best way to save money. Some of the earlier mentioned discounts may not apply to policies in your area.

Different people need different insurance coverage coverages

When it comes to buying proper insurance coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

Does my medical payments coverage pay my health insurance deductible?
Is my cargo covered for damage or theft?
What is roadside assistance coverage?
Should I buy full coverage?
When should I buy a commercial auto policy?
How does medical payments coverage work?
What if I owe more than I can insure my car for?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Car insurance coverages 101

Understanding the coverages of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages offered by car insurance companies.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like hitting a mailbox, colliding with a tree, crashing into a ditch and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Med pay and PIP coverage reimburse you for expenses for things like ambulance fees, EMT expenses, doctor visits, rehabilitation expenses and prosthetic devices. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance coverage pays for 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 coverage protects against things such as fire damage, falling objects, theft, hitting a bird and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage protects you from damages or injuries you inflict on other people or property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for claims like legal defense fees, repair costs for stationary objects, bail bonds, medical expenses and attorney fees. How much coverage you buy is your choice, but consider buying as much as you can afford.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.