2007 Mercedes-Benz SLK-Class Insurance Cost

Finding better insurance prices for a Mercedes-Benz SLK-Class can turn out to be an all-consuming task, but you can learn our insurance buying tips and make it easy.

There are more efficient ways to compare insurance rates and we’ll show you the quickest way to get price quotes for your Mercedes-Benz and get the lowest price from both online companies and local agents.

You should take the time to do price comparisons before your next renewal because prices trend upward over time. Just because you found the best rates on SLK-Class coverage two years ago there may be better deals available now. Block out anything you think you know about insurance because I’m going to teach you how to quote online to find better rates and still maintain coverage.

Save money with these discounts

Car insurance companies do not advertise every policy discount very clearly, so the next list breaks down both the well known and the harder-to-find discounts you could be receiving when you buy car insurance online.

  • Seat Belt Discounts – Drivers who require all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • Good Students Pay Less – Excelling in school can earn a discount of 20% or more. You can use this discount normally up to age 25.
  • Mature Driver Discount – Older drivers may be able to get a slight reduction on a car insurance quote on SLK-Class coverage.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
  • Driver Safety – Participating in a class that teaches driver safety techniques is a good idea and can lower rates and easily recoup the cost of the course.
  • Government Employees – Active or retired federal employment may reduce rates when you quote car insurance on SLK-Class coverage depending on your company.
  • Telematics Discount – Policyholders that allow their auto insurance company to spy on vehicle usage by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they exhibit good driving behavior.
  • Distant Student – Youth drivers who are enrolled in a college that is more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Anti-lock Brake Discount – Vehicles with ABS and/or traction control have fewer accidents and the ABS can save up to 10%.
  • Own a Home and Save – Owning a house can earn you a little savings because maintaining a house is proof of financial responsibility.

As a footnote on discounts, most discounts do not apply the the whole policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though you would think it’s possible to get free car insurance, companies wouldn’t make money that way.

If you would like to see a list of insurers with significant discounts, follow this link.

Finding car insurance

Effectively comparing car insurance prices is a ton of work if you don’t know the easiest way. You could waste a few hours driving to insurance agencies in your area, or you could save time and use the internet to maximize your effort.

Many insurance companies enroll in a system that enables customers to submit one quote, and at least one company then gives them pricing determined by their information. This system prevents you from having to do repetitive form submissions to every company.

To submit your quote information now, click here to open in new window.

The one disadvantage to pricing coverage this way is that you can’t choose the insurers you want pricing from. So if you prefer to choose from a list of companies to receive pricing from, we have a listing of the cheapest car insurance companies in your area. Click to view list.

Which method you use is up to you, but double check that you are using equivalent coverage data with every price quote. If you are comparing different deductibles it will be next to impossible to truly determine the lowest rate.

Informed consumers know how to find auto insurance more affordably

A large part of saving on auto insurance is knowing the factors that help calculate the rates you pay for auto insurance. If you have a feel for what influences your rates, this allows you to make educated decisions that could help you find lower premium levels. Many factors are part of the calculation when quoting car insurance. Some are obvious such as traffic violations, but others are not as apparent such as your credit history or your financial responsibility.

  • Save money by eliminating incidental coverages – Insurance companies have many extra add-on coverages you can purchase on your SLK-Class policy. Coverages for roadside assistance, accident forgiveness, and Farm Bureau memberships are examples of these. They may seem like a good idea when discussing your needs, but if you’ve never needed them in the past think about removing them and cutting costs.
  • Know your vehicle’s crash test rating – Safer cars can get you lower premiums. Vehicles built for safety protect occupants better and reduced instances of injuries translates into savings for insurance companies which can result in lower premiums.
  • High credit equals lower prices – Your credit score is likely to be a major factor in calculating your auto insurance rates. People that have high credit scores tend to be better risks to insure than drivers with lower credit scores. If your credit leaves room for improvement, you could potentially save money when insuring your 2007 Mercedes-Benz SLK-Class if you improve your credit rating.
  • Pay more out-of-pocket – The deductibles tell how much you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Some instances where coverage would apply are a windshield broken by a bird, hail damage, and damage caused by road hazards. The more money the insured is willing to pay, the lower your rates will be on SLK-Class coverage.

Insurance can be complex

When buying coverage for your personal vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I make deliveries for my home business?
  • Will filing a claim cost me more?
  • Can my teen driver be rated on a liability-only vehicle?
  • Will my insurance pay for OEM parts?
  • Should I have combined single limit or split liability limits?
  • Why is insurance for a teen driver so high?
  • Does coverage extend to my business vehicle?

If you don’t know the answers to 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, take a second and complete this form. It is quick, free and may give you better protection.

Auto insurance coverages explained

Having a good grasp of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Collision coverage protection

This coverage pays for damage to your SLK-Class caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like backing into a parked car, crashing into a ditch, crashing into a building, colliding with another moving vehicle and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for expenses for things like chiropractic care, X-ray expenses, surgery and dental work. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Liability auto insurance

This coverage protects you from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for claims such as medical services, legal defense fees and loss of income. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your 2007 Mercedes-Benz SLK-Class.

Since a lot of drivers carry very low liability coverage 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. Most of the time these coverages are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance covers 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 pays for claims like hitting a deer, damage from a tornado or hurricane and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Quote more. Save more.

Insureds change insurance companies for any number of reasons including questionable increases in premium, high prices, delays in responding to claim requests and extreme rates for teen drivers. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. In too many instances, someone dropped physical damage coverage to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

In this article, we covered a lot of techniques to compare 2007 Mercedes-Benz SLK-Class insurance premium rates online. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from a smaller regional carrier.

Even more information is available in the articles below: