1998 Mercedes-Benz SLK-Class Insurance Cost

Having to pay for overpriced Mercedes-Benz SLK-Class insurance can drain your bank account and make it hard to pay other bills. Comparison shopping is free and is an excellent way to lower your monthly bill.

With so many choices of insurance companies, it is very difficult to find the cheapest insurance company.

It’s a great practice to shop coverage around on a regular basis because prices tend to go up over time. If you had the best deal on SLK-Class coverage a year ago a different company probably has better rates today. Starting right now, forget all the misinformation about auto insurance because it’s time to teach you the fastest way to save on auto insurance.

Shopping for cheaper coverage is quite easy. Essentially every driver who carries insurance coverage most likely will be able to find better rates. Although vehicle owners need to have an understanding of how insurance companies compete online and use this information to your advantage.

Automobile Insurance Quotes

Most major insurance companies such as 21st Century, Allstate and State Farm give coverage price quotes on their websites. This process is fairly straightforward as you simply enter the coverage amounts you desire as requested by the quote form. When complete, their rating system obtains credit information and your driving record and generates a price determined by many factors. Online quotes makes comparing rates easy, but the work required to visit each company’s website and repetitively enter the same data into a form can be a bit tiresome and repetitive. But it’s absolutely necessary to do this if you are searching for the best price on car insurance.

The better way to compare rates

The quickest way to compare car insurance pricing is to use a quote form that analyzes rates from several different companies. It saves time, eliminates form submissions, and makes quoting online much more enjoyable and efficient. Immediately after submitting the form, it is quoted and you can select your choice of the quotes that you receive.

If you find a better price you simply finish the application and purchase coverage. It can be completed in a matter of minutes and could lower your rates considerably.

In order to find out if lower rates are available, simply click here to open in new window and submit the form. If you have your current policy handy, we recommend you enter coverages and limits as close as possible to your current policy. This guarantees you will receive rate comparison quotes based on identical coverages.

Do drivers who switch really save?

21st Century, Allstate and State Farm consistently run ads on TV and radio. All the companies say the same thing that you can save if you change your policy. How does each company claim to save you money?

All the different companies have a certain “appetite” for the right customer they prefer to insure. For example, a desirable insured could be between 30 and 50, has no prior claims, and drives newer vehicles. A customer getting a price quote who fits that profile gets the lowest rates and therefore will save when switching.

Drivers who don’t measure up to these standards will have to pay higher premiums and ends up with the customer not buying. The ads state “drivers who switch” not “everyone that quotes” save money. That’s the way companies can claim big savings.

Because of the profiling, it’s extremely important to get quotes from several different companies. It’s just too difficult to predict which company will provide you with the cheapest Mercedes-Benz SLK-Class insurance rates.

Mercedes-Benz SLK-Class rates influenced by many factors

It’s important that you understand the different types of things that play a part in calculating the rates you pay for auto insurance. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Your car’s features help determine rates – Purchasing a vehicle with a theft deterrent system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse will be a sure-fire way to pay more for auto insurance. Not only will you pay more, but not being able to provide proof of insurance may earn you a license revocation or jail time.
  • Older drivers pay less – Youthful drivers are statistically proven to be more careless in a vehicle so auto insurance rates are higher. Mature drivers are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations.
  • Where you live can impact rates – Living in a small town can be a good thing when talking about auto insurance. Lower population means reduced accidents. Urban drivers have much more traffic to deal with and longer commutes to work. More time commuting means more change of being in an accident.
  • Keep rates low by being claim-free – If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Auto insurance companies provide lower rates to people who are claim-free. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.

Take discounts and save

The cost of insuring your cars can be expensive, but you may find discounts to help bring down the price. Larger premium reductions will be automatically applied when you quote, but some must be specifically requested before you will receive the discount.

  • Low Mileage Discounts – Fewer annual miles on your Mercedes-Benz could be rewarded with discounted rates on garaged vehicles.
  • One Accident Forgiven – A few companies will forgive one accident before your rates go up if you are claim-free for a certain period of time.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you may save 10% to 20% off each policy.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • E-sign – A few companies will discount your bill up to fifty bucks for buying your policy on their website.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on SLK-Class coverage than drivers with accidents.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only reduce specific coverage prices like comp or med pay. Just because you may think you could get a free car insurance policy, you’re out of luck. But all discounts will bring down the amount you have to pay.

For a list of insurers with the best car insurance discounts, follow this link.

Which policy gives me the best coverage?

When it comes to buying the best car insurance coverage for your vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions can aid in determining if your situation could use an agent’s help.

  • What can I do if my company won’t pay a claim?
  • Are rental cars covered under my policy?
  • What are the best liability limits?
  • Should I waive the damage coverage when renting a car?
  • Will I lose any money if I cancel my policy before it expires?
  • Why do I need rental car insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered if I break a side mirror?
  • Am I covered when delivering products for my home-based business?
  • Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage specifics

Learning about specific coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Mercedes-Benz SLK-Class.

Due to the fact that many drivers 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. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, hail damage and rock chips in glass. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for EMT expenses, pain medications and surgery. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Liability auto insurance

This will cover damage that occurs to people or other property that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like legal defense fees, bail bonds and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Auto collision coverage

Collision insurance covers damage to your SLK-Class resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, hitting a parking meter, damaging your car on a curb, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Be a money saver!

When you buy insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your goal should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

Affordable 1998 Mercedes-Benz SLK-Class insurance can be found from both online companies and with local insurance agents, and you need to price shop both to get a complete price analysis. Some insurance providers do not offer online quoting and these small, regional companies work with independent agents.

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