2016 Mercedes-Benz SLK-Class Insurance Quotes – 6 Savings Tips

Trying to find lower insurance coverage rates for your Mercedes-Benz SLK-Class? Did you make the mistake of buying an overpriced insurance coverage policy? It’s quite common and many consumers feel financially strained by their insurance coverage policy.

Many car insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the best rates possible.

You should take the time to do rate comparisons on a regular basis because prices tend to go up over time. Even if you think you had the best rates on SLK-Class coverage a couple years back you will most likely find a better premium rate today. There is lot of inaccurate information about insurance coverage out there, but we’re going to give you some of the best techniques to quit paying high insurance coverage rates.

Find discounts to get cheap auto insurance quotes

The price of auto insurance can be rather high, but you might be missing out on some discounts that may help make it more affordable. Certain reductions will be credited when you quote, but some need to be inquired about before they will apply.

• Discount for Life Insurance – Some insurance companies give a discount if you purchase some life insurance in addition to your auto policy.
• Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz may enable drivers to earn better premium rates on cars that stay parked.
• Savings for New Vehicles – Adding a new car to your policy can get you a discount due to better safety requirements for new model year vehicles.
• Own a Home – Owning your own home or condo may earn you a small savings because it is proof of financial responsibility.
• Military Deployment Discount – Having a family member in the military may lower your auto insurance rates slightly.
• Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may qualify for discounts of up to 25% or more.

As is typical with insurance, most credits do not apply the the whole policy. Some only apply to specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like you can get free auto insurance, you aren’t that lucky.

Companies who may offer these discounts are:

• State Farm
• Geico
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

If you need cheap insurance quotes, ask all the companies which credits you are entitled to. All car insurance discounts may not apply to policies everywhere. If you would like to see a list of insurance companies that offer the discounts shown above, follow this link.

Tailor your insurance coverage to you

When buying proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Each situation is unique so this has to be addressed. For example, these questions may help highlight if your situation would benefit from professional advice.

• Do I need replacement cost coverage on my 2016 Mercedes-Benz SLK-Class?
• Are all vehicle passengers covered by medical payments coverage?
• Does liability extend to a camper or trailer?
• When does my teenage driver need to be added to my policy?
• Do I get a pro-rated refund if I cancel my policy early?
• How high should my medical payments coverage be?
• What is roadside assistance coverage?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Save $472 a year! What?

Well-known insurance coverage companies like 21st Century, Allstate and State Farm constantly bombard you with ads in print and on television. They all seem to say the same thing that you’ll save big just by moving to their company. It sounds good, but how can they all charge you less for car insurance? It’s all in the numbers.

Insurance coverage companies have a certain “appetite” for the type of insured that earns them the most money. One example of this type of risk profile could possibly be between the ages of 40 and 55, has no driving citations, and drives a lower-performance vehicle. Anybody that matches those criteria is entitled to the best price and will cut their rates substantially.

Potential insureds who don’t qualify for these standards may be required to pay a higher premium and ends up with the customer not buying. The ad wording is “drivers that switch” but not “all drivers who get quotes” save that kind of money. This is how insurance companies can make those statements.

This illustrates why drivers should compare many company’s rates. Because you never know the company that will have the lowest rates.

Insurance coverage basics

Learning about specific coverages of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are the normal coverages found on most insurance policies.

Liability insurance

This coverage will cover injuries or damage you cause to other’s property or people. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things like medical expenses, legal defense fees, loss of income, emergency aid and structural damage. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision protection

This coverage will pay to fix damage to your SLK-Class resulting from a 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 coverage pays for claims such as hitting a mailbox, sideswiping another vehicle, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

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

Comprehensive insurance covers claims like theft, hail damage and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for pain medications, doctor visits and prosthetic devices. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz SLK-Class.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally these limits are set the same as your liablity limits.

In any little way, save everyday

When you buy insurance online, make sure you don’t skimp on coverage in order to save money. There are too many instances where an accident victim reduced liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage for the lowest price, but do not skimp to save money.

Cheap 2016 Mercedes-Benz SLK-Class insurance can be purchased both online in addition to many insurance agents, so get free insurance quotes from both of them in order to have the best chance of saving money. Some companies may not have online quoting and usually these small, regional companies prefer to sell through local independent agents.

More articles

• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Teen Driver Statistics (Insurance Information Insitute)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)
• Car Insurance: When not to Skimp (BankRate.com)
• Understanding Limits and Deductibles (Allstate)