Compare 2003 Mercedes-Benz SLK-Class Insurance Rates

Looking for better insurance coverage rates for your Mercedes-Benz SLK-Class? Finding better insurance prices for your Mercedes-Benz SLK-Class can turn out to be an all-consuming task, but you can learn our insurance coverage buying tips to save time.

There are more efficient ways to buy insurance coverage and we’ll show you the best way to get price quotes for your Mercedes-Benz and find the best price possible from both online companies and local agents.

Consumers should take time to shop coverage around periodically because insurance coverage rates fluctuate regularly. Just because you had the best deal for SLK-Class insurance a couple years back you can probably find a better price now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the quickest way to lower your rates without sacrificing coverage.

Buying the best coverage is quite easy. If you are insured now or need a new policy, you can use these techniques to cut your premiums and still get good coverage. Vehicle owners just need to understand the tricks to find the lowest price over the internet.

Learn how to quote car insurance for less

When buying car insurance it’s important to understand a few of the rating criteria that go into determining the price you pay for car insurance. When you know what positively or negatively influences your rates, this allows you to make good choices that can earn you much lower annual insurance costs. Many different elements are considered when pricing auto insurance. A few of the factors are predictable such as traffic violations, but other criteria are more obscure such as your marital status or your commute time.

• Accidents will cost you – Good drivers receive lower rates compared to drivers with tickets. Having just one chargable violation can increase the cost of insurance twenty percent or more. Drivers who have received license-revoking violations such as DUI or reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
• Poor credit rating equals high prices – Having a bad credit score can be a huge factor in determining what you pay. If your credit history leaves room for improvement, you could be paying less to insure your 2003 Mercedes-Benz SLK-Class by improving your credit score. Drivers who have very good credit scores tend to file fewer claims than drivers who have lower credit scores.
• Age of drivers impacts costs – Older drivers are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations.Drivers with little experience have a tendency to be inattentive and easily distracted when at the wheel of a vehicle so they pay higher car insurance rates.
• Liability coverage claims can be big – A critical coverage on your policy, liability insurance will protect you if ever you are ruled to be at fault for personal injury or accident damage. This coverage provides legal defense to defend your case. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
• Less chance of injury means lower rates – Vehicles that have high safety ratings can get you lower premiums. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries means less claims paid and more competitive rates for policyholders. If the Mercedes-Benz SLK-Class has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

Lower rates by qualifying for discounts

Insurance can be prohibitively expensive, but companies offer discounts to cut the cost considerably. Certain discounts will be applied when you quote, but lesser-known reductions have to be asked for in order for you to get them.

• Multiple Policy Discount – If you can combine your auto and home policy with one insurance company you will save at least 10% off all policies.
• Accident Free – Drivers who stay claim-free can earn big discounts as opposed to drivers who are more careless.
• Discounts for Federal Employees – Federal government employees can save as much as 8% for SLK-Class insurance but check with your company.
• Low Miles Discount – Low annual miles can qualify you for substantially lower car insurancerates.
• Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you may reduce your total bill.
• Seat Belt Usage – Requiring all passengers to buckle up before driving could cut 10% or more off the PIP or medical payment premium.
• Good Student Discount – This discount can save 20 to 25%. You can use this discount normally up to age 25.
• New Vehicle Savings – Buying coverage on a new vehicle can be considerably cheaper since newer models are generally safer.
• Drive Safe and Save – Insureds who avoid accidents can save up to 40% or more on their car insurance quote for SLK-Class insurance compared to accident prone drivers.
• Driver Training Discounts – Taking part in a course teaching driver safety skills could possibly earn you a 5% discount depending on where you live.

As a footnote on discounts, some of the credits will not apply to your bottom line cost. Most only cut specific coverage prices like collision or personal injury protection. Just because it seems like you can get free auto insurance, you’re out of luck.

A list of car insurance companies and some of their more popular discounts can be found below.

• Geico offers discounts including emergency military deployment, anti-lock brakes, daytime running lights, air bags, five-year accident-free, seat belt use, and defensive driver.
• SAFECO offers discounts for bundle discounts, anti-theft, safe driver, multi-car, homeowner, anti-lock brakes, and teen safety rewards.
• State Farm may have discounts that include Steer Clear safe driver discount, safe vehicle, good student, accident-free, and passive restraint.
• MetLife has savings for defensive driver, accident-free, multi-policy, claim-free, good driver, good student
• 21st Century includes discounts for homeowners, student driver, good student, defensive driver, automatic seat belts, driver training, and 55 and older.
• Progressive policyholders can earn discounts including homeowner, good student, multi-vehicle, online signing, and multi-policy.

Before buying, ask each company or agent what discounts are available to you. Some discounts listed above may not be offered in your area.

Car insurance is unique, just like you

When it comes to buying coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

• What is covered by UM/UIM coverage?
• Why am I required to get a high-risk car insurance policy?
• Does my policy cover me when driving someone else’s vehicle?
• What is medical payments coverage?
• Do I need roadside assistance coverage?
• Should I drop comprehensive coverage on older vehicles?
• Do I need an umbrella policy?
• Do I need replacement cost coverage on my 2003 Mercedes-Benz SLK-Class?
• What if I owe more than I can insure my car for?

If it’s difficult to answer those questions then you might want to talk to an agent. To find an agent in your area, complete this form. It’s fast, free and can help protect your family.

Auto insurance coverage considerations

Knowing the specifics of your policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Liability car insurance – Liability coverage provides protection from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims like court costs, attorney fees and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Collision coverage – Collision insurance will pay to fix damage to your SLK-Class resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as driving through your garage door, backing into a parked car, sideswiping another vehicle, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, damage from a tornado or hurricane, hail damage and falling objects. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other drivers 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 damage to your Mercedes-Benz SLK-Class.

Because many people have only the minimum liability required by law, 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. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for immediate expenses for prosthetic devices, nursing services, surgery and hospital visits. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Make a quick buck

Drivers leave their current company for any number of reasons including questionable increases in premium, lack of trust in their agent, high rates after DUI convictions or denial of a claim. Whatever your reason, finding a new auto insurance company is actually quite simple.

When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced full coverage and learned later that the savings was not a smart move. Your goal is to buy enough coverage for the lowest cost but still have enough coverage for asset protection.

Cheaper auto insurance can be purchased both online in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. Some auto insurance companies don’t offer rates over the internet and many times these smaller companies provide coverage only through independent insurance agencies.

Helpful information

• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Older Drivers FAQ (iihs.org)
• Collision Insurance Coverage (Nationwide)
• Teen Driver Licensing Information (iihs.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)