How Much Does 1998 Mercedes-Benz SLK-Class Insurance Cost?

Want the cheapest insurance rates for your Mercedes-Benz SLK-Class? Finding cheap coverage rates for insurance can seem to be a challenge for drivers who have little experience buying insurance online. With so many options of online companies available, it can easily be a difficult mission to compare prices.

If you are paying for car insurance now, you will be able to lower your premiums substantially using these techniques. Buying affordable insurance coverage coverage is simple if you know the tricks. Although vehicle owners need to learn how insurance companies price online insurance because it can help you find the best coverage.

Get affordable insurance with discounts

Companies that sell car insurance don’t list every possible discount very well, so the below list has some of the best known and also the more inconspicuous discounts that may be available.

• Discounts for Responsible Drivers – Safe drivers can save as much as half off their rates for SLK-Class coverage as compared to drivers with claims.
• Seat Belt Usage – Requiring all passengers to buckle up can save a little on the medical payments or PIP coverage costs.
• Lower Rates for Military – Being on active deployment in the military may qualify for rate reductions.
• Good Student Discount – Maintaining excellent grades can earn a discount of 20% or more. Many companies even apply the discount to college students up to age 25.
• Passive Restraints and Air Bags – Factory air bags or automatic seat belts can qualify for discounts of 20 to 30 percent.
• Distant Student Discount – Children who are enrolled in a college that is more than 100 miles from home and do not take a car to college can be insured at a reduced rate.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, you aren’t that lucky. But any discount will help reduce your overall premium however.

A few popular companies and a selection of discounts can be found below.

• State Farm discounts include multiple autos, accident-free, Drive Safe & Save, defensive driving training, Steer Clear safe driver discount, and good driver.
• Geico offers discounts including driver training, anti-lock brakes, defensive driver, multi-policy, five-year accident-free, membership and employees, and good student.
• Progressive has savings for homeowner, multi-vehicle, good student, continuous coverage, online signing, multi-policy, and online quote discount.
• 21st Century policyholders can earn discounts including good student, theft prevention, driver training, automatic seat belts, homeowners, air bags, and teen driver.
• American Family includes discounts for mySafetyValet, good student, multi-vehicle, early bird, and good driver.
• The Hartford may include discounts for bundle, anti-theft, defensive driver, good student, vehicle fuel type, and air bag.
• AAA offers premium reductions for pay-in-full, anti-theft, multi-policy, multi-car, and good student.

When getting free insurance quotes, it’s a good idea to each insurance company which discounts you qualify for. Some discounts may not be offered in your state. To locate companies that can offer you the previously mentioned discounts, click this link.

Tailor your auto insurance coverage to you

When buying the best auto insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different.

These are some specific questions might help in determining if your insurance needs could use an agent’s help.

• Is my trailer covered?
• Do all my vehicles need collision coverage?
• What if I owe more than I can insure my car for?
• When should I not file a claim?
• Does my insurance cover a custom paint job?
• What is an SR-22 filing?
• Is my business laptop covered if it gets stolen from my vehicle?
• Am I covered by my spouse’s policy after a separation?
• Am I covered if I drive in a foreign country?
• Do I need special endorsements for business use of my vehicle?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Save $436 a year! What?

Companies like Allstate, Geico and Progressive consistently run television, radio, and online ads. They all advertise claims of big savings if you move your coverage to them. How can each company charge you less for car insurance?

Most companies offer their best rates for the type of insured that will be a good risk. For example, a profitable insured might have to be over the age of 45, has a low-risk occupation, and has excellent credit. A driver who matches that profile will most likely get cheap car insurance rates and will also save a lot if they switch.

Insureds who are not a match for this ideal profile will be quoted higher premiums which results in the customer buying from a different company. The ads state “customers that switch” but not “all drivers who get quotes” save that much. That’s why insurance companies can make those claims.

This illustrates why it’s extremely important to get price quotes at each policy renewal. It’s just too difficult to predict which company will have the best car insurance rates.

Auto insurance coverage information

Having a good grasp of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these limits are identical to your policy’s liability coverage.

Auto liability insurance

Liability coverage can cover damage that occurs to a person or their property that is your fault. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things such as repair costs for stationary objects, structural damage, attorney fees, emergency aid and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for things like pain medications, funeral costs, X-ray expenses and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, fire damage and hitting a deer. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage covers damage to your SLK-Class from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a mailbox, scraping a guard rail, driving through your garage door, colliding with a tree and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Pennies from heaven

Consumers switch companies for a variety of reasons including policy cancellation, being labeled a high risk driver, policy non-renewal or extreme rates for teen drivers. Regardless of your reason, finding a great new company is less work than it seems.

We just presented many tips how you can shop for 1998 Mercedes-Benz SLK-Class insurance online. It’s most important to understand that the more times you quote, the better chance you’ll have of finding low cost insurance. You may even discover the lowest auto insurance rates are with a lesser-known regional company.

Cost effective 1998 Mercedes-Benz SLK-Class insurance is available both online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. A few companies may not provide price quotes online and these small insurance companies only sell coverage through local independent agencies.

More tips and info about car insurance can be found by following these links:

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Coverage Information (Progressive Insurance)
• Driving in Bad Weather (Insurance Information Insitute)
• Understanding your Policy (NAIC.org)