2004 Mercedes-Benz SLK-Class Car Insurance Quotes – 8 Tricks for Cheapest Rates

Searching for cheaper insurance coverage rates for your Mercedes-Benz SLK-Class? No car owner loves paying for insurance coverage, especially when their premiums are through the roof.

Multiple car insurance companies compete for your business, and because of this it can be hard to compare insurance companies and get the definite best rate

If you are paying for car insurance now, you should be able to reduce your rates substantially using this information. Finding the best rates is not that difficult. But vehicle owners benefit from understanding how companies determine prices and apply this information to your search.

Eight discounts for affordable insurance coverage rates

Car insurance companies do not advertise their entire list of discounts in a way that’s easy to find, so the list below gives a summary of both the well known as well as some of the hidden credits available to you. If they aren’t giving you every credit you deserve, you could be paying more than you need to.

  • Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company you could save approximately 10% to 15%.
  • Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase some life insurance too.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Government Employees – Simply working for the federal government could provide a small rate reduction on SLK-Class coverage depending on your insurance coverage provider.
  • Student Discounts – Maintaining excellent grades can save 20 to 25%. Many companies even apply the discount to college students until age 25.
  • Theft Deterent System – Cars, trucks, and SUVs that have factory anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
  • Defensive Driver – Completing a driver safety class could earn you a small percentage discount and easily pay for the cost of the class.
  • Paper-free Discount – A few larger online companies provide a small discount shop car insurance on your computer.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. Even though it appears you can get free auto insurance, it doesn’t quite work that way. But all discounts should definitely cut your insurance coverage premiums.

A few of the larger companies and their offered discounts are shown below.

  • Farm Bureau offers premium reductions for safe driver, multi-vehicle, multi-policy, renewal discount, 55 and retired, driver training, and youthful driver.
  • State Farm includes discounts for student away at school, Steer Clear safe driver discount, anti-theft, good student, defensive driving training, and passive restraint.
  • Progressive may include discounts for continuous coverage, homeowner, multi-policy, good student, and multi-vehicle.
  • Allstate has discounts for senior citizen, 55 and retired, premier plus, eSmart discount, anti-lock brakes, FullPay discount, and safe driver.
  • Nationwide has savings for easy pay, family plan, good student, anti-theft, and accident-free.
  • MetLife offers discounts for claim-free, accident-free, defensive driver, good driver, and good student.

When comparing rates, check with all the companies which credits you are entitled to. Some credits might not be offered on policies in your area. For a list of companies who offer free insurance coverage quotes, click this link.

The cheapest insurance coverage price quotes online

Shopping for lower insurance coverage rates can be a lot of work if you don’t understand the most efficient way to do it. You can waste hours talking about coverages with agents in your area, or you could use online quoting to maximize your effort.

Most major companies belong to an insurance system where prospective buyers complete one form, and every company provides a quote based on that data. This system prevents you from having to do quote forms for each company you want a rate for.

To compare rates now click here (opens in new window).

One minor caviat to using this type of form is you don’t know exactly which providers you will receive quotes from. If you wish to select from a list of companies for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. Click here to view list.

Whichever method you choose, be certain you are entering the exact same quote data on every quote you get. If you have different values for each quote it will be nearly impossible to make a fair comparison for your Mercedes-Benz SLK-Class. Even a minor difference in insurance coverages can make a big difference in price. It’s important to know that having more price comparisons will increase your chances of finding more affordable rates. Some smaller insurers to not give online quotes, so it’s important to compare price quotes from them as well.

You may need specialized insurance coverage coverage

When choosing coverage, there really is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether you would benefit from an agent’s advice.

  • Am I covered by my spouse’s policy after a separation?
  • What is the minimum liability in my state?
  • When should I remove comp and collision on my 2004 Mercedes-Benz SLK-Class?
  • When should my teen driver be added to my policy?
  • Is my nanny covered when driving my vehicle?
  • Do I need special endorsements for business use of my vehicle?
  • Is pleasure use cheaper than using my 2004 Mercedes-Benz SLK-Class to commute?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Specific coverages for a 2004 Mercedes-Benz SLK-Class

Having a good grasp of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement. These are the usual coverages found on most insurance policies.

Comprehensive insurance

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hitting a deer, a broken windshield, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for expenses for pain medications, chiropractic care, doctor visits, surgery and funeral costs. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 Mercedes-Benz SLK-Class.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Auto collision coverage

This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like crashing into a ditch, backing into a parked car and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Liability coverage

Liability coverage provides protection from damage that occurs to other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as emergency aid, court costs, funeral expenses, loss of income and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

Take this to the bank

We just presented a lot of tips how to reduce 2004 Mercedes-Benz SLK-Class insurance premium rates online. The key concept to understand is the more rate quotes you have, the higher your chance of finding inexpensive car insurance. You may be surprised to find that the lowest premium rates are with some of the lesser-known companies. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like State Farm or Progressive.

As you go through the steps to switch your coverage, you should never sacrifice coverage to reduce premiums. In too many instances, an insured dropped liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to purchase a proper amount of coverage for the lowest price.

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