How Much Does 2004 Mercedes-Benz SLK-Class Car Insurance Cost?

Buyers have many options when searching for low-cost Mercedes-Benz SLK-Class insurance. They can either waste time contacting agents getting price quotes or utilize the internet to get rate quotes. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the quickest way to quote coverages for a Mercedes-Benz and obtain the best price possible.

Some factors that can determine what Mercedes-Benz SLK-Class insurance costs

Consumers need to have an understanding of the different types of things that help determine the price you pay for insurance. Understanding what influences your rates enables informed choices that may reward you with lower insurance prices.

The following are a partial list of the pieces insurance companies consider when setting rates.

  • Women pay lower rates – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Both sexes tend to get into accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations like DUI and reckless driving.
  • Where you live is a factor – Residing in less populated areas is a positive aspect when talking about insurance. Urban drivers have to deal with more traffic problems and a longer drive to work. Fewer people means a lower chance of having an accident and a lower car theft rate.
  • No coverage gaps is important – Driving without insurance can get your license suspended and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • Do you know your deductibles? – Your deductibles represent how much money you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims could be colliding with a building, vandalism, and burglary. The higher the amount you’re willing to pay, the less your insurance will be for SLK-Class insurance.
  • Traffic violations increase rates – Whether or not you get tickets has a huge affect on how much you pay. Drivers with clean records get better rates than their less careful counterparts. Only having one ticket may increase your cost by twenty percent. Drivers with dangerous tickets like hit and run, DWI or reckless driving convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent a license revocation.

Which Car Insurance is Cheapest?

Finding cheaper 2004 Mercedes-Benz SLK-Class car insurance prices can be relatively painless. You just need to take time to compare rate quotes online with multiple companies. It is quite easy and can be accomplished in several different ways.

  1. The best way to compare a lot of rates at once would be an industry-wide quote request form click here to open form in new window. This method saves time by eliminating boring form submissions to each individual car insurance company. One form gets you coverage quotes from several companies. Just one form and you’re done.
  2. A less efficient way to get quotes online requires you to visit each company website and fill out their own quote form. For sake of this example, we’ll pretend you want rates from Progressive, GEICO and State Farm. To get rate quotes you would need to visit each site to input your insurance information, and that’s why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

It’s up to you which method you use, but be sure to compare exactly the same coverage information for every company. If each company quotes unequal deductibles or liability limits it’s not possible to decipher which rate is best.

Car insurance ads bend the truth

Drivers get pounded daily by advertisements for cheaper car insurance by companies like Allstate and Progressive. All the ads say the same thing about savings if you move to them.

How does each company say the same thing? It’s all in the numbers.

Different companies can use profiling for the type of customer that is profitable for them. A good example of a preferred risk might be profiled as between the ages of 30 and 50, has no driving citations, and has excellent credit. A propective insured who matches those parameters will qualify for the lowest rates and therefore will save a lot of money.

Potential customers who don’t measure up to the “perfect” profile will have to pay higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “people who quote” save that much. This is how insurance companies can advertise the savings. Because of the profiling, you should compare as many rates as you can. It’s not possible to predict which insurance companies will give you the biggest savings on Mercedes-Benz SLK-Class insurance.

Save big with these discounts

Companies offering auto insurance don’t necessarily list all their discounts in a way that’s easy to find, so here is a list both the well known and the more hidden ways to save on insurance coverage. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. The good student discount can last up until you turn 25.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education if offered at their school.
  • Passive Restraints – Vehicles equipped with air bags can get savings of up to 25% or more.
  • Defensive Driving Course – Taking a defensive driving course can save you 5% or more if your company offers it.

It’s important to note that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like comp or med pay. Just because it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

Insurance companies that may offer some of the above discounts include:

Check with each insurance company what discounts are available to you. Some discounts might not apply in every state.

But I don’t know anything about car insurance

When it comes to buying the best car insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out whether or not you would benefit from professional advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is my teen driver covered when they drive my company car?
  • What if I don’t agree with a claim settlement offer?
  • How do I buy GAP insurance?
  • Which is better, split liability limits or combined limits?
  • I have health insurance so do I need medical payments coverage?
  • How high should my medical payments coverage be?
  • Am I covered if I hit my neighbor’s mailbox?
  • When do I need to add a new car to my policy?

If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage options for a Mercedes-Benz SLK-Class

Knowing the specifics of a insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability

This coverage will cover damages or injuries you inflict on other people or property. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as bail bonds, structural damage, loss of income and attorney fees. How much coverage you buy is up to you, but you should buy as much as you can afford.

Comprehensive insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like theft, damage from getting keyed, a broken windshield, falling objects and damage from flooding. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

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

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as pain medications, funeral costs, surgery, prosthetic devices and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision coverage

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. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as rolling your car, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Get your money’s worth

Insureds leave their current company for many reasons like delays in paying claims, high prices, unfair underwriting practices or even high rates after DUI convictions. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed liability limits or collision coverage only to discover later that the savings was not a smart move. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.

We just presented a lot of information how to reduce 2004 Mercedes-Benz SLK-Class insurance prices online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the best price on insurance is with a lesser-known regional company.

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