Lower Your 2008 Mercedes-Benz SLK-Class Insurance Cost

Trying to come up with a payment for expensive insurance coverage can bottom out your monthly budget and force you to cut corners elsewhere. Comparison shopping can lower your rates and help to reduce premiums and put more money in your pocket.

Because you have many insurance coverage companies to choose from, it can be diffult for drivers to choose the most cost effective insurance coverage company.

You should make it a habit to compare rates yearly since prices fluctuate regularly. Even if you think you had the lowest quotes on SLK-Class coverage two years ago you can probably find a lower rate today. Ignore everything you know about insurance coverage because you’re about to learn one of the quickest ways to save on insurance coverage.

Find hidden discounts on insurance

Auto insurance companies don’t list all available discounts very clearly, so we break down both well-publicized and also the more inconspicuous discounts that may be available.

  • No Claims – Drivers who stay claim-free can save substantially in comparison to policyholders that have many claims.
  • Club Memberships – Affiliation with specific professional or occupational memberships or organizations may earn a discount on insurance.
  • Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so companies give up to a 10% discount.
  • Drivers Ed for Students – Have your child participate in a local driver’s education class in school or through a local driver safety program.
  • Discount for Life Insurance – Some companies give a discount if you purchase a life policy as well.
  • Accident Waiver – This isn’t a discount exactly, but a handful of insurance companies allow you one accident without raising rates if you are claim-free for a certain period of time.
  • Military Rewards – Having a family member in the military could mean lower prices.

Keep in mind that most credits do not apply to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, insurance companies aren’t that generous.

Larger insurance companies and some of the premium reductions they offer are outlined below.

  • Progressive may offer discounts for online signing, multi-policy, multi-vehicle, good student, and homeowner.
  • SAFECO discounts include anti-theft, drive less, multi-car, accident prevention training, teen safety rewards, and homeowner.
  • American Family offers discounts for early bird, Steer into Savings, bundled insurance, TimeAway discount, defensive driver, and mySafetyValet.
  • MetLife may have discounts that include multi-policy, accident-free, good driver, defensive driver, and good student.
  • Geico may include discounts for membership and employees, driver training, five-year accident-free, defensive driver, air bags, and anti-theft.
  • The Hartford offers premium reductions for air bag, good student, vehicle fuel type, defensive driver, driver training, bundle, and anti-theft.

Double check with each company or agent which credits you are entitled to. Some of the discounts discussed earlier may not be available everywhere. To find insurance companies with the best discounts, click this link.

Buy auto insurance online

There are a variety of methods to compare auto insurance quotes, but there is one way that is easier and takes less work. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you could save time and use online quotes to get rates in a matter of minutes.

Most car insurance companies participate in a marketplace where prospective buyers only type in their quote data once, and each company can give them a price based on that information. This prevents consumers from doing repetitive form submissions to each company.

To find out how much you’re overpaying now click here (opens in new window).

The only drawback to using this type of form is you can’t choose the insurers to get pricing from. So if you prefer to choose specific insurance companies for rate comparison, we have a listing of auto insurance companies in your area. Click here for list of insurance companies.

You can use whichever method you prefer to find lower rates, just compare exactly the same coverage data on every quote you get. If the quotes have mixed coverages you will not be able to make a fair comparison for your Mercedes-Benz SLK-Class.

Tailor your car insurance coverage to you

When it comes to choosing the best car insurance coverage, there really is no best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions might point out whether or not you will benefit from professional help.

  • Can my babysitter drive my car?
  • Do I need replacement cost coverage on my 2008 Mercedes-Benz SLK-Class?
  • What discounts do I qualify for?
  • Am I covered when driving on a suspended license?
  • What is high-risk coverage and where do I buy it?
  • How can I get my company to pay me more for my totalled car?
  • Does insurance cover tools stolen from my truck?
  • Does medical payments coverage apply to all occupants?
  • Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It is quick, free and you can get the answers you need.

Car insurance 101

Understanding the coverages of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz SLK-Class.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Liability car insurance

This coverage protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things such as court costs, medical services, structural damage and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses such as dental work, chiropractic care, prosthetic devices, pain medications and funeral costs. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, falling objects, vandalism, rock chips in glass and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for collisions

Collision insurance pays for damage to your SLK-Class caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as backing into a parked car, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Don’t break the bank

When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where an insured dropped collision coverage and discovered at claim time that it was a big mistake. The proper strategy is to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.

We’ve covered a lot of tips how to get a better price on 2008 Mercedes-Benz SLK-Class insurance. The key thing to remember is the more quotes you get, the higher your chance of finding low cost insurance coverage. You may be surprised to find that the biggest savings come from some of the lesser-known companies. They can often provide lower prices in certain areas as compared to the big name companies such as Geico and State Farm.

Lower-priced 2008 Mercedes-Benz SLK-Class insurance can be sourced both online and from local insurance agents, so you need to shop insurance coverage with both in order to have the best price selection to choose from. Some companies do not provide rate quotes online and many times these smaller companies only sell through independent agents.

Helpful information

Comments About 2008 Mercedes-Benz SLK-Class Insurance

  1. Larae Reilly

    Nice info. I live just to the west of New Haven, CT. Quoted with Progressive, Amica, and some I forget for my SLK-Class and I think I am saving around $40 each month. Not sure about claim service.

  2. Cara Church

    I found pretty cheap rate quotes for a 2008 Mercedes-Benz SLK-Class in Rockford, IL. Ended up at right around $370 every six months with Amica. Insured with AAA before. They offer free online rate quotes.

  3. Lindsay Sweet

    From northwest of Cedar Rapids, IA. Got quotes from Mercury, Esurance, Allstate, and AAA for my SLK-Class and I think I am saving around $40 each month. Moved home policy as well.

  4. Cheryl Lambert

    Located in Salem, Oregon. Can’t remember who all I quoted but I ended up saving about $40 each month. They have a lot of discounts available.

  5. Erwin England

    Does Oklahoma have minimum liability requirements?

  6. Salvador Conway

    I live just outside Fairbanks, AK and for me State Farm had the lowest quote. Left Mercury to switch.

  7. Ricky Valencia

    If you’re from Louisville, Kentucky get quotes from State Farm and Progressive and you might save.

  8. Wes Woodard

    Here’s my quote info. Proud to be from Concord, NH. I quoted with State Farm, AAA, Erie, and GMAC for my 2008 Mercedes-Benz SLK-Class and saved just over $180 a year. Was with State Farm. They were helpful in switching over.

  9. Meagan Richmond

    Compared auto insurance prices with State Farm and GEICO but still not cheap enough.

  10. Sarita Rivas

    I’m in Nampa, Idaho, and Progressive rates were affordable. My new agent seems to be really good.

  11. Hyon Nichols

    I switched to Allstate. Quoted good rates in Kansas City, Missouri. Was with Nationwide. I have kids on my policy, too. Not sure if rates are cheaper online or not.