Save on 1998 Mercedes-Benz SLK-Class Insurance Quotes

Searching for lower auto insurance rates for your Mercedes-Benz SLK-Class? Locating low-cost insurance for a Mercedes-Benz SLK-Class can normally 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 buy auto insurance so you’re going to learn the best way to compare rates for your Mercedes-Benz and obtain the cheapest rates either online or from local insurance agents.

You should make it a habit to compare premium rates on a regular basis since insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best rate on SLK-Class insurance a couple years back other companies may now be cheaper. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to how to use online quotes to get good coverage at a lower rate.

Auto insurance discounts help cut rates

Some providers do not advertise all available discounts very clearly, so the next list breaks down some of the best known and the more hidden credits that you can use to lower your rates.

  • Government Employees – Active or former government employment can save as much as 8% on SLK-Class insurance with certain companies.
  • Payment Method – If you can afford to pay the entire bill rather than paying monthly you may reduce your total bill.
  • Paper-free Discount – Some of the larger companies provide a small discount for buying a policy and signing up over the internet.
  • Low Mileage – Driving fewer miles could earn cheaper auto insurancerates.
  • Bundle and Save – If you combine your homeowners and auto policies and insure them with the same company you may earn up to 20% and get you low cost auto insurance.

While discounts sound great, it’s important to understand that most credits do not apply to the entire cost. Most only apply to individual premiums such as liability, collision or medical payments. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Some companies who may offer most of these discounts are:

Before purchasing a policy, check with every company which discounts can lower your rates. Depending on the company, some discounts may not be offered in every state. To find auto insurance companies offering auto insurance discounts, click this link.

The quickest way to compare rate quotes takes advantage of the fact all the major auto insurance companies allow for online access to give you rate quotes. The only thing you need to do is give them rating details such as if you are currently licensed, if you went to college, your job, and how many miles driven. The data gets sent immediately to many of the top insurers and they respond with quotes instantly to find the best rate.

Mercedes-Benz SLK-Class insurance prices can be cheaper

The best way to find cheaper auto insurance is to take a look at the factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that can help you get much lower annual insurance costs. Multiple criteria are used when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, but other factors are less obvious such as whether you are married or your commute time.

Listed below are a few of the “ingredients” used by insurance companies to determine rates.

  • Never allow your auto insurance policy to lapse – Driving without insurance coverage in place is against the law and as a result your rates will increase for letting your insurance expire. In addition to paying higher rates, being ticketed for driving with no insurance might get you a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state DMV.
  • Small coverages can add up – Insurance policies have a lot of add-on coverages that sound like a good idea at the time if you don’t pay attention. Coverages like coverage for rental cars, death and dismemberment, and extra equipment coverage may not be needed and are just wasting money. They may seem like a good idea when discussing your needs, but if you’ve never needed them in the past remove them and pocket the money.
  • Good credit means lower costs – Having a good credit score is a big factor in determining your rates. Therefore, if your credit score could use some work, you could potentially save money when insuring your 1998 Mercedes-Benz SLK-Class by spending a little time repairing your credit. Consumers who have very high credit ratings tend to be less risk to insure than drivers who have poor credit scores.
  • Pay more out-of-pocket – Physical damage deductibles state the amount of money you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, also called ‘full coverage’, protects your car from damage. A few examples of covered claims could be rearending another vehicle, hail damage, and having a roll-over accident. The more damage repair cost you choose to pay out-of-pocket, the less your auto insurance will be on SLK-Class insurance.
  • Being married can lower prices – Getting married helps lower the price on your auto insurance bill. Having a significant other means you’re more responsible and it’s statistically proven that drivers who are married file infrequent claims.
  • Save money by having multiple policies – Lots of auto insurance companies give discounts to insureds that purchase more than one policy in the form of a multi-policy discount. Even with this discount applied, it’s in your best interest to compare other company rates to verify if the discount is saving money.

Which is the best car insurance?

When buying coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is unique.

These are some specific questions might point out if your situation may require specific advice.

  • What should my uninsured motorist coverage limits be in my state?
  • Do I really need UM/UIM coverage?
  • When can I cancel my policy?
  • Is my camper covered by my car insurance policy?
  • How much can I save by bundling my policies?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Parts of your insurance policy

Having a good grasp of your policy helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Coverage for collisions

Collision insurance pays for damage to your SLK-Class from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like colliding with another moving vehicle, hitting a mailbox, hitting a parking meter, backing into a parked car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, fire damage and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability car insurance

Liability coverage protects you from damage that occurs to other people or property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like legal defense fees, bail bonds, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for immediate expenses for nursing services, funeral costs, EMT expenses, surgery and rehabilitation expenses. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Quote often and quote early

We covered some good ideas how you can get a better price on 1998 Mercedes-Benz SLK-Class insurance. The key concept to understand is the more you quote auto insurance, the higher your chance of finding low cost auto insurance. Drivers may discover the best price on insurance is with a lesser-known regional company.

Lower-priced 1998 Mercedes-Benz SLK-Class insurance can be found online and from local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers do not offer price quotes online and most of the time these small, regional companies only sell coverage through local independent agents.

As you shop your coverage around, don’t be tempted to buy poor coverage just to save money. In many instances, an insured dropped collision coverage only to regret at claim time that it was a big error on their part. The proper strategy is to find the BEST coverage at the best price, but do not skimp to save money.

Much more information about insurance is located at the links below