Cheaper 2016 Mercedes-Benz SLK-Class Car Insurance Rates

Shoppers have lots of choices when shopping for the best price on Mercedes-Benz SLK-Class insurance. You can either waste hours driving around to get rate comparisons or save time using the internet to find the lowest rates. There is a right way and a wrong way to shop for car insurance and we’ll show you the absolute fastest way to quote coverages for your Mercedes-Benz and locate the cheapest rates.

You should make it a habit to get comparison quotes at least once a year because prices change quite often. If you had the lowest rate on SLK-Class insurance on your last policy you can probably find a lower rate today. You can search a lot of car insurance on the internet, but you can learn a lot of great tips on how to quit paying high car insurance rates.

If you have a policy now or need a new policy, you can use these tips to find the best rates while maintaining coverages. This information will tell you how to get online quotes. Drivers just need to learn the proper way to shop for insurance coverage online.

Lower rates by qualifying for discounts

Car insurance is not cheap, but there could be available discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be asked for before you get the savings. If they aren’t giving you every credit you deserve, it’s possible you qualify for a lower rate.

  • 55 and Retired – If you’re over the age of 55, you can possibly qualify for a small discount on rates on SLK-Class insurance.
  • Low Mileage Discounts – Keeping the miles down on your Mercedes-Benz could earn substantially lower premium rates.
  • Discounts for Federal Employees – Employees or retirees of the government can save as much as 8% on SLK-Class insurance with some car insurance companies.
  • Pay Early and Save – If you can afford to pay the entire bill rather than paying in monthly installments you may reduce your total bill.
  • Multiple Cars – Having multiple vehicles with the same company could earn a price break for each car.

Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. So even though you would think adding up those discounts means a free policy, companies wouldn’t make money that way. Any amount of discount will cut the cost of coverage.

A partial list of companies that may offer policyholders these discounts include:

It’s a good idea to ask each company or agent which discounts they offer. All car insurance discounts may not apply in your area. If you would like to see a list of providers that have a full spectrum of discounts, click here to view.

Get cheaper car insurance with these tips

The best way to find cheaper car insurance is to take a look at the factors that come into play when calculating car insurance rates. When you know what positively or negatively influences your rates, this allows you to make good choices that may result in lower car insurance prices.

The factors shown below are some of the things car insurance companies consider when setting your rates.

  • Buy a safe car and pay less – Cars with high safety ratings tend to have lower insurance rates. Highly rated vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries translates directly to fewer claims and lower rates for you. If the Mercedes-Benz SLK-Class is rated at least four stars on Safercar.gov you may be receiving a better rate.
  • Tickets are costly – Your driving record has a big impact on rates. Even one chargable violation may cause rates to rise forty percent or more. Attentive drivers pay less for auto insurance compared to bad drivers. Drivers who get careless tickets like reckless driving or DUI might be required by their state to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to legally drive a vehicle.
  • Marriage is a good thing – Getting married actually saves money compared to being single. Having a spouse means you’re more mature and it’s proven that drivers who are married file infrequent claims.
  • Drive less and get lower prices – Driving a lot of miles every year the more it will cost to insure it. Many insurance companies calculate prices based upon how much you drive. Cars that sit idle most of the time cost less to insure than those used for commuting. Improper usage on your SLK-Class may be wasting your money. It’s a smart idea to ensure your car insurance policy reflects the correct usage for each vehicle, because it can save money.
  • Better prices with anti-theft devices – Owning a car that has an advanced theft prevention system can help lower your premiums. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart your vehicle from being stolen.
  • Multiple policies with one company – The majority of insurers provide better rates to customers that purchase more than one policy in the form of a multi-policy discount. This can amount to as much as ten percent or more Even with this discount applied, consumers should still get quotes from other companies to guarantee you are still saving the most.
  • Credit rating impacts premiums – An insured’s credit rating is a big factor in calculating your car insurance rates. Therefore, if your credit history leaves room for improvement, you could save money insuring your 2016 Mercedes-Benz SLK-Class by improving your rating. Drivers who have very high credit ratings tend to be less risk to insure than drivers with lower credit scores.

Insurance is unique, just like you

When choosing proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions may help you determine if you may require specific advice.

  • What is medical payments coverage?
  • Is my teenager covered with friends in the car?
  • Am I covered if my car is in a flood?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is there coverage for injuries to my pets?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered when driving a rental car?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and you can get the answers you need.

Why you might not save $431 a year

Drivers can’t escape the ads that claim the cheapest rates by Progressive, GEICO, Allstate and State Farm. All the companies make an identical promise of big savings if you just switch your policy.

How is it plausible that every one can charge you less for car insurance? This is the trick they use.

All companies can use profiling for the type of insured that will generate a profit. One example of this type of risk profile may need to be a mature driver, has no tickets, and drives less than 10,000 miles a year. Any driver who matches those parameters will probably get the lowest premium rates and most likely will save a lot if they switch.

People who fall short of these criteria will have to pay a higher premium and the customer buying from a different company. The wording the ads use say “drivers that switch” not “all people who quote” will save that much if they switch. That’s the way insurance companies can make those claims. This emphasizes why drivers must compare rate quotes every year. Because you never know which company will have the best rates at this point in time.

What car insurance coverages do you need?

Learning about specific coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and reading a policy is terribly boring.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as chiropractic care, doctor visits, ambulance fees, nursing services and prosthetic devices. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision – This coverage covers damage to your SLK-Class resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as driving through your garage door, sustaining damage from a pot hole and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, damage from getting keyed and theft. The most your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability coverages – This provides protection from damage that occurs to other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims like pain and suffering, repair bills for other people’s vehicles, medical expenses, repair costs for stationary objects and bail bonds. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz SLK-Class.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

And the best car insurance company is…

When trying to cut insurance costs, it’s very important that you do not buy less coverage just to save a little money. In many instances, consumers will sacrifice liability coverage limits to discover at claim time they didn’t have enough coverage. Your aim should be to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.

Drivers who switch companies do it for any number of reasons including policy non-renewal, questionable increases in premium, unfair underwriting practices and not issuing a premium refund. Whatever your reason, finding the right insurance provider is pretty easy and you might even save some money in the process.

Throughout this article, we presented many tips how you can shop for 2016 Mercedes-Benz SLK-Class insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding low cost insurance coverage. You may be surprised to find that the lowest priced insurance comes from a smaller regional carrier.

More information is available at the links below