2008 Mercedes-Benz SLK-Class Car Insurance Quotes – 9 Savings Tips

Searching for better auto insurance rates for your Mercedes-Benz SLK-Class? Having to pay for pricey Mercedes-Benz SLK-Class insurance can deplete your checking account and possibly require postponing other expenditures. Comparison shopping can be a smart way to slash your bill and have more diposable income.

There is such a variety of car insurance companies to pick from, and though it is a good thing to have a choice, more choices can make it harder to compare rates and find the lowest cost auto insurance.

You need to compare premium rates periodically since prices trend upward over time. If you had the lowest rates for SLK-Class coverage at your last renewal you will most likely find a better rate quote today. Forget all the misinformation about auto insurance because you’re about to learn one of the easiest ways to lower your annual insurance bill.

Locating more affordable protection is not that difficult. Just about anyone who has to buy car insurance will more than likely be able to find lower rates. But car owners can benefit by having an understanding of how insurance companies price insurance differently and take advantage of how the system works.

Which insurance coverage is cheapest?

Shopping for lower insurance coverage rates can be exhausting if you don’t understand the most efficient way. You can waste hours driving to agents in your area, or you could use online quoting to get rate comparisons in just a few minutes.

Most car insurance companies participate in an industry program where prospective buyers submit their information once, and every company then returns a price quote based on that data. This eliminates the need for quote requests to each company. To find out what other companies charge click here (opens in new window).

The single downside to using this type of system is you can’t choose which carriers to get quotes from. If you prefer to choose from a list of companies to compare, we put together a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

Take whichever approach you prefer, but double check that you are using nearly identical quote data for every company. If your comparisons have different data it will be nearly impossible to truly determine the lowest rate. Quoting even small variations in insurance coverages or limits can mean a large discrepancy in price. And when comparison shopping, comparing a large number of companies will improve the odds of getting a lower rate. Some companies don’t provide online rate quotes, so it’s recommended that you also compare quotes from those companies as well.

Do I just need basic coverages?

When it comes to buying proper insurance coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions may help highlight whether you may require specific advice.

  • What is high-risk coverage and where do I buy it?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I have newly-aquired coverage?
  • Can I afford to buy a different vehicle if my 2008 Mercedes-Benz SLK-Class is totaled?
  • What exactly is covered by my policy?
  • Is there coverage for injuries to my pets?
  • What companies insure drivers after a DUI or DWI?
  • Do I pay less for low miles?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.

Car insurance coverages 101

Learning about specific coverages of a car insurance policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average car insurance policy.

Liability coverages

This coverage will cover damage or injury you incur to people or other property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as medical expenses, legal defense fees and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for doctor visits, chiropractic care and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision protection

This will pay to fix damage to your SLK-Class caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like hitting a parking meter, colliding with another moving vehicle, sustaining damage from a pot hole, rolling your car and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as falling objects, theft, rock chips in glass and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.