Cheap 2002 Mercedes-Benz SLK-Class Insurance Quotes

Trying to find the cheapest car insurance rates for your Mercedes-Benz SLK-Class? Trying to find cheaper Driverscar insurance can be a challenge for drivers not familiar with online comparison shopping. With so many options of online companies, it can easily become hard work to find a more affordable company.

You need to take a look at other company’s rates at least once a year since rates go up and down regularly. Just because you had the best premium rates for SLK-Class insurance a couple years back you will most likely find a better price today. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to one of the best ways to find great coverage at a great price.

Informed consumers save money

Lots of factors are used when you get a price on insurance. Some are pretty understandable like your driving record, although others are less apparent like your continuous coverage or your financial responsibility.When buying insurance coverage it’s important to understand a few of the rating criteria that aid in calculating the rates you pay for insurance coverage. When consumers understand what determines base rates, this enables you to make decisions that could help you find lower rates.

Listed below are a few of the “ingredients” used by your company to calculate your rates.

• Cheaper premiums for being claim-free – Car insurance companies provide cheaper rates to drivers who are not frequent claim filers. If you file claims often, you can expect either higher rates or even cancellation. Your car insurance is intended to be relied upon for claims that pose a financial burden.
• Get better rates if married – Your spouse may save some money on your policy. Marriage generally demonstrates drivers are more mature and it’s statistically proven that married drivers get in fewer accidents.
• Gender and car insurance costs – The statistics show that females take fewer risks when driving. However, this does not mean women are BETTER drivers than men. Both genders get in at-fault accidents in similar numbers, but men get into accidents with more damage. Not only are claims higher, but men get more serious tickets like driving under the influence (DUI). Male teenagers have the highest risk to insure and are penalized with high insurance coverage rates.
• Safeguard your assets with liability – Your policy’s liability coverage kicks in if you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides you with a defense in court to attempt to prove you were not liable. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
• Demanding employer may mean higher prices – Occupations such as military personnel, executives and stock brokers are shown to have higher average rates because of intense work-related stress and lots of time spent at work. On the other hand, occupations like actors, athletes and retirees receive lower rates for SLK-Class insurance.
• Poor driving means higher costs – Being a careful driver impacts your car insurance rates tremendously. Even a single ticket can increase the cost of insurance forty percent or more. Careful drivers tend to pay less for car insurance compared to bad drivers. Drivers who get serious violations such as hit and run, DWI or reckless driving convictions are required to complete a SR-22 with their state motor vehicle department in order to prevent a license revocation.
• Better rates on safer cars – Safe vehicles tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and fewer serious injuries translates directly to fewer claims and more competitive rates for policyholders. If your Mercedes-Benz earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
• Cut insurance coverage rates and deter theft – Owning a car that has a built-in theft deterrent system can help bring down rates. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent your car from being stolen.

Insurance Discounts

Insurance is not inexpensive, but you can get discounts to help offset the cost. A few discounts will be applied at the time of purchase, but a few must be inquired about before you get the savings.

• Anti-lock Brakes – Cars with ABS and/or traction control can avoid accidents so companies give up to a 10% discount.
• Multi-line Discount – Not all insurance companies offer life insurance, but some may give you a break if you buy auto and life insurance together.
• No Charge for an Accident – but companies like Geico, Progressive, and Allstate may permit one accident before your rates go up as long as you don’t have any claims before the accident.
• Multiple Cars – Buying a policy with primary and secondary vehicles on the same insurance policy could earn a price break for each car.
• Good Driver Discounts – Insureds who avoid accidents can get discounts for up to 45% lower rates for SLK-Class insurance compared to accident prone drivers.
• Senior Citizen Discount – Mature drivers could receive a small discount on rates for SLK-Class insurance.
• Theft Deterent – Vehicles optioned with advanced anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save up to 15% on medical payment and PIP coverage.
• Discount for New Cars – Insuring a vehicle that is new may earn a small discount because newer vehicles are generally safer.

Consumers should know that some of the credits will not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that all those discounts means the company will pay you, company stockholders wouldn’t be very happy. Any qualifying discounts will definitely lower your insurance premiums.

To locate insurance companies that offer discounts, follow this link.

Tailor your auto insurance coverage to you

When buying coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight if your situation will benefit from professional help.

• Should I carry comprehensive and collision coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Is my babysitter covered when using my vehicle?
• Am I covered when pulling a rental trailer?
• When would I need rental car insurance?
• Does insurance cover damages from a DUI accident?
• Do I have coverage when using my vehicle for my home business?
• Is my 2002 Mercedes-Benz SLK-Class covered for smoke damage?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverages and their meanings

Understanding the coverages of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, falling objects, a broken windshield, rock chips in glass and damage from flooding. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability – Liability coverage provides protection from damage or injury you incur to people or other property. It protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as court costs, funeral expenses, pain and suffering, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for bills for EMT expenses, X-ray expenses, doctor visits, pain medications and dental work. They are utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision – Collision coverage pays for damage to your SLK-Class resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as damaging your car on a curb, driving through your garage door, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

Be Smart and Buy Smart

Lower-priced car insurance can be purchased on the web in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not provide rate quotes online and most of the time these smaller providers only sell coverage through local independent agents.

Consumers change insurance companies for any number of reasons including not issuing a premium refund, delays in paying claims, extreme rates for teen drivers and even an unsatisfactory settlement offer. It doesn’t matter what your reason, switching companies is not as hard as you think.

In this article, we presented some good ideas how to get a better price on 2002 Mercedes-Benz SLK-Class insurance. It’s most important to understand that the more price quotes you have, the higher your chance of finding affordable insurance. Consumers may even find the lowest rates are with a small mutual company.

For more information, feel free to browse these articles:

• Understanding Limits and Deductibles (Allstate)
• Your Car has been Stolen: Now What? (Allstate)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Alcohol Impaired Driving FAQ (iihs.org)