Cheaper 2004 Mercedes-Benz SLK-Class Insurance Rates

Finding cheaper insurance for a Mercedes-Benz SLK-Class can turn out to be an all-consuming task, but you can learn our auto insurance buying tips and make it easy.

There are both good and bad ways to compare auto insurance rates and we’ll show you the quickest way to quote coverages for your Mercedes-Benz and get the best price possible either online or from local insurance agents.

Consumers need to take a look at other company’s rates at least once a year due to the fact that insurance rates change quite often. Even if you think you had the lowest rate for SLK-Class insurance last year there may be better deals available now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to how to quote online to buy cheaper auto insurance.

If you have a current insurance coverage policy or are shopping for new coverage, you can follow these tips to find the best rates and possibly find even better coverage. Pricing the best coverage can be fairly easy. Drivers just need to understand the proper methods to buy insurance coverage online.

Discounts for cheap auto insurance rates

Auto insurance is not an enjoyable expense, but you can get discounts that can drop the cost substantially. Certain credits will be shown at the time of purchase, but some must be manually applied before you will receive the discount.

  • New Vehicle Savings – Buying a new car instead of a used car is cheaper due to better safety requirements for newer models.
  • Discount for Low Mileage – Fewer annual miles on your Mercedes-Benz can qualify you for discounted auto insurancerates on garaged vehicles.
  • Defensive Driver Discounts – Taking a driver safety class is a good idea and can lower rates and make you a better driver.
  • Accident-Free Discounts – Insureds with no claims or accidents have much lower rates compared to frequent claim filers.
  • More Vehicles More Savings – Insuring primary and secondary vehicles on one policy may reduce the rate for each vehicle.
  • Policy Bundle Discount – If you combine your home and auto policies with the same company they may give you a discount of approximately 10% to 15%.
  • Passenger Safety Discount – Vehicles equipped with air bags may get savings of up to 25% or more.
  • Homeowners Savings – Owning a home can help you save on auto insurance since owning and maintaining a home is proof of financial responsibility.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you may have a lower total premium amount.

One last thing about discounts, most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

Popular auto insurance companies and some of their more popular discounts can be found below.

  • Progressive offers premium reductions for homeowner, online signing, multi-vehicle, online quote discount, continuous coverage, good student, and multi-policy.
  • Geico may offer discounts for military active duty, emergency military deployment, anti-lock brakes, membership and employees, and seat belt use.
  • State Farm may include discounts for Drive Safe & Save, good driver, driver’s education, multiple policy, safe vehicle, and student away at school.
  • Esurance discounts include online quote, DriveSense, multi-policy, emergency road assistance, online shopper, defensive driver, and paid-in-full.
  • The Hartford offers discounts for anti-theft, driver training, good student, vehicle fuel type, air bag, bundle, and defensive driver.

When quoting, ask all companies you are considering the best way to save money. All car insurance discounts may not apply to policies in your area. To view providers that offer multiple discounts, follow this link.

Compare quotes for car insurance

Comparing car insurance rates can be challenging if you don’t utilize the most efficient way to do it. You could spend the better part of a day discussing policy coverages with local insurance agents in your area, or you can stay home and use the internet to get prices fast.

Many insurance companies participate in a marketplace that allows shoppers to only type in their quote data once, and each participating company can give them a price for coverage. This saves time by eliminating quotation requests to every company.

To enter your information into the quoting system, click to open in new window.

The one downside to comparing rates this way is that consumers can’t choose the insurers you will receive quotes from. So if you want to select specific insurance companies to compare rates, we have a page of car insurance companies in your area. Click here to view list.

Whichever way you choose to compare rates, do your best to enter the exact same information for each quote you get. If you enter higher or lower deductibles it’s impossible to decipher which rate is best.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.

For instance, these questions could help you determine whether your personal situation would benefit from professional advice.

  • Will filing a claim cost me more?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When should I drop full coverage on my 2004 Mercedes-Benz SLK-Class?
  • Is my ex-spouse still covered by my policy?
  • Does coverage extend to Mexico or Canada?
  • Is my teenager covered with friends in the car?
  • When can I cancel my policy?
  • Can I get a multi-policy discount?
  • Am I covered if I wreck a rental car?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form. It is quick, free and can help protect your family.

Detailed coverages of your insurance policy

Having a good grasp of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like theft, damage from a tornado or hurricane and damage from getting keyed. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability

Liability coverage provides protection from injuries or damage you cause to other’s property or people that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for things like repair costs for stationary objects, pain and suffering and repair bills for other people’s vehicles. How much coverage you buy is your choice, but consider buying as much as you can afford.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as surgery, nursing services, doctor visits and hospital visits. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your 2004 Mercedes-Benz SLK-Class.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

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

Collision coverage pays for claims like hitting a parking meter, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

The bottom line

Insureds switch companies for many reasons like not issuing a premium refund, an unsatisfactory settlement offer, lack of trust in their agent and even delays in paying claims. No matter why you want to switch, finding a great new company can be less work than you think.

As you restructure your insurance plan, it’s a bad idea to skimp on coverage in order to save money. In many instances, someone sacrificed uninsured motorist or liability limits only to discover later that it was a big error on their part. Your aim should be to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.

You just learned a lot of techniques to reduce 2004 Mercedes-Benz SLK-Class insurance rates online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising.

To learn more, take a look at the resources below:

Comments About 2004 Mercedes-Benz SLK-Class Insurance

  1. Justa Cummings

    I found pretty cheap rate quotes for a 2004 Mercedes-Benz SLK-Class in Denver, Colorado. Ended up at darn near $70 every six months with Auto-Owners. Insured with Mercury before. I’m a pretty low risk driver. I just quoted rates online.

  2. Donnell Myers

    I’m from Omaha, Nebraska. Not sure of all the companies but I ended up saving about $20 each month. Was with Encompass.

  3. Emilia Valenzuela

    Went with Progressive for my Mercedes-Benz and cut my rates about $120 a year. Insured with Liberty Mutual before. Might find lower rates online. Next renewal I’ll just do liability.

  4. Maxie Reid

    2004 Mercedes-Benz SLK-Class + Progressive = CHEAP! At least inPennsylvania anyway.

  5. Wynona Walker

    Thanks for putting this site together. I’m in the suburbs of Frederick, MD. Quoted a bunch of companies. Saved right around $20 a month. Allstate was the cheapest option for me. Anyone else drop full coverage?

  6. Naomi Eaton

    Cheaper not always better. I’m in the south part of Rockford, Illinois. I got free quotes from AIG Insurance, Mercury, and Travelers for my 2004 Mercedes-Benz SLK-Class and saved around $80 a year. Insured with GMAC before. I get multi-vehicle and multi-policy discounts. Not sure about claim service. I’m thinking about dropping full coverage though.

  7. Lacy Trujillo

    Does Allstate have good customer service?

  8. Clemente Meyers

    I got decent rates for a 2004 Mercedes-Benz SLK-Class in Henderson, NV. Ended up at darn near $120 every six months with AIG Insurance. Thankfully I have a good driving record. I only have liability coverage on it.

  9. Jacki Perez

    Live in the western part of Rockford, IL. I got free rates from AIG Insurance, MetLife, and a few others for my 2004 Mercedes-Benz SLK-Class and I think I cut my rates about $30 each month. Insured with AAA before. My Mercedes-Benz doesn’t have full coverage.

  10. Natalya Gould

    I found cheap 2004 Mercedes-Benz SLK-Class insurance in Biloxi, MS with State Farm.

  11. Jessica Lucas

    From south side of Tucson, Arizona. Quoted prices from State Farm, AAA, and Erie for my 2004 Mercedes-Benz SLK-Class and cut my rates about $60 a year. Even increased coverage a bit. Bought it from an online quote.

  12. Kenda Ruiz

    I found pretty cheap rate quotes for a 2004 Mercedes-Benz SLK-Class in Jacksonville, FL. Ended up at about $70 every six months with Amica. Left State Farm to switch. Get lots of quotes to find the best rate.

  13. Ivy Bartlett

    I drive uninsured.