2016 Mercedes-Benz SLK-Class Car Insurance Quotes – 8 Tips for Best Rates

If you are new to getting insurance quotes online, you can easily be confused by the sheer number of insurance coverage companies who all claim to have the lowest rates.

More affordable rates with these eight car insurance discounts

Insuring your vehicles can cost a lot, but companies offer discounts that you may not know about. Certain discounts will be applied at the time you complete a quote, but a few must be specially asked for prior to receiving the credit.

  • Discount for Life Insurance – Select car insurance companies reward you with lower premium rates if you buy life insurance from them.
  • Discounts for Responsible Drivers – Insureds without accidents can save as much as half off their rates on SLK-Class insurance than drivers with accidents.
  • Accident Free – Drivers who don’t have accidents have much lower rates as compared to frequent claim filers.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction on SLK-Class insurance depending on your company.
  • More Vehicles More Savings – Drivers who insure multiple cars or trucks with the same company can get a discount for every vehicle.
  • Savings for New Vehicles – Insuring a vehicle that is new can be considerably cheaper because newer models are generally safer.
  • Drivers Education – It’s a good idea to have your young drivers enroll in driver’s education as it will make them better drivers and lower rates.
  • Seat Belt Discounts – Requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.

Discounts lower rates, but many deductions do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it’s just not the way it works.

Some companies that may offer policyholders many of the previously listed discounts may include but are not limited to:

Before buying, ask all companies you are considering which discounts you may be entitled to. Savings might not be offered on policies in your state.

Auto insurance can get complicated

When choosing coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight whether you might need professional guidance.

  • Is my Mercedes-Benz SLK-Class covered if I use it for business?
  • I have health insurance so do I need medical payments coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered when driving in Canada or Mexico?
  • What happens if I owe more than my 2016 Mercedes-Benz SLK-Class is worth?
  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered if I wreck a rental car?
  • Should I drop comprehensive coverage on older vehicles?
  • Should I buy more coverage than the required minimum liability coverage?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, complete this form.

Car insurance coverage basics

Learning about specific coverages of a car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement.

Comprehensive (Other than Collision)

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from getting keyed, vandalism and a tree branch falling on your vehicle. The highest amount a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for rehabilitation expenses, ambulance fees, X-ray expenses, dental work and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your 2016 Mercedes-Benz SLK-Class.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. 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, scraping a guard rail, crashing into a ditch, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Liability

Liability coverage will cover damage that occurs to people or other property by causing an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like medical expenses, pain and suffering, emergency aid and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

The bottom line

We’ve covered many ways to shop for 2016 Mercedes-Benz SLK-Class insurance online. It’s most important to understand that the more providers you compare, the higher the chance of saving money. You may even find the best price on insurance is with the least-expected company.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. Too many times, someone dropped liability limits or collision coverage and found out when filing a claim that they should have had better coverage. Your strategy should be to buy enough coverage at the best cost and still be able to protect your assets.

A few companies don’t offer the ability to get a quote online and these regional insurance providers only sell coverage through independent insurance agencies. Cost effective 2016 Mercedes-Benz SLK-Class insurance can be sourced on the web in addition to local insurance agencies, and you should compare price quotes from both in order to have the best chance of saving money.

Additional information is located on the following sites: