2018 Mercedes-Benz SLK-Class Car Insurance Quotes in 2024

Searching for lower car insurance rates for your Mercedes-Benz SLK-Class? Did a good deal turn into overpriced car insurance? Don’t feel bad because there are lots of residents who feel the same. You have multiple car insurance companies to purchase coverage from, and even though it’s nice to have multiple companies, so many choices can make it hard to adequately compare rates.

It’s a good idea to check car insurance prices occasionally since insurance prices are usually higher with each renewal. Just because you found the lowest rates for SLK-Class coverage six months ago a different company probably has better rate quotes today. Ignore everything you know about car insurance because it’s time to teach you how to use online quotes to remove unneeded coverages and save money.

How to get auto insurance rate quotes

Finding low cost 2018 Mercedes-Benz SLK-Class auto insurance quotes can be surprisingly simple. Consumers just need to take time to compare rate quotes to see which company has cheap car insurance quotes. Insurance prices can be quoted using one of these methods.

One of the best ways consumers can make multiple comparisons is to use a rate comparison form. This method saves time by eliminating boring form submissions to each individual auto insurance company. Taking the time to complete one form compares rates instantly.

A harder way to analyze rates requires a visit to each company website and fill out a new quote form. For example, we’ll pretend you want to compare Allstate, Liberty Mutual and GEICO. To do that, you would have to take the time to go to each site to enter your coverage information, which can get old fast.

How you compare quotes is your choice, just do your best to enter apples-to-apples information on every quote. If your comparisons have different liability limits it’s impossible to determine the best price for your Mercedes-Benz SLK-Class.

More discounts mean cheaper premiums

Some insurers do not list every policy discount very clearly, so here is a list both well-publicized and also the more inconspicuous credits available to bring down your rates. If you don’t get every credit available, you could be saving more on your car insurance.

• Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents so you can save 10 percent or more.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them complete a driver education course in high school.
• Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can get savings of up to 25% or more.
• Senior Citizen Discount – Older drivers are able to get a discount up to 10% for SLK-Class coverage.
• Full Payment Discount – If you can afford to pay the entire bill rather than paying monthly you can avoid the installment charge.
• Accident Forgiveness Coverage – Not really a discount, but a few companies such as Allstate, Progressive, and GEICO allow you one accident before hitting you with a surcharge so long as you are claim-free for a specific time period.
• Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. The good student discount can last until age 25.
• Employee of Federal Government – Having worked for a branch of the government could qualify for a slight premium decrease for SLK-Class coverage but check with your company.
• Multi-car Discount – Purchasing coverage when you have all your vehicles on one policy may reduce the rate for each vehicle.
• Low Mileage Discounts – Low annual miles could qualify for lower rates on the low mileage vehicles.

Consumers should know that most discount credits are not given to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will help lower the amount you pay for coverage.

To see a list of car insurance companies that offer many of these discounts, enter your zip code here.

Insurance premium influencing factors

The best way to find cheaper auto insurance is to take a look at the different types of things that help determine your premiums. If you know what determines base rates, this allows you to make good choices that could help you find much lower annual insurance costs. Multiple criteria are taken into consideration when you get a price on insurance. Some factors are common sense such as your driving history, but some are less obvious such as your marital status and annual miles driven.

The following are just a few of the factors used by your company to calculate your prices.

• Better drivers pay lower costs – Your driving record influences premium rates substantially. Good drivers receive lower rates compared to drivers with tickets. Just one speeding ticket could increase your next policy renewal substantially. Drivers who get careless citations like DUI, reckless driving or excessive speeding may find that they have to to file a SR-22 with their state’s licensing department in order to continue driving.
• Occupation stress can affect premiums – Careers like doctors, business owners and emergency personnel are shown to have higher premium rates because of intense work-related stress and long work days. Other occupations like professors, athletes and retirees receive lower rates for SLK-Class coverage.
• Rates increase with policy add-ons – Insurance policies have a lot of add-on coverages that can add up on your auto insurance policy. Coverages like vanishing deductibles, better glass coverage, and additional equipment coverage may not be needed and are just wasting money. The coverages may be enticing at first, but if you’ve never needed them in the past get rid of them and save.
• Prices can change based on your address – Having an address in smaller towns and rural areas of the country can save you money when talking about auto insurance. Fewer people corresponds to lower accident rates and a lower car theft rate. People in densly populated areas have more aggressive driving styles and much longer commute distances. More time behind the wheel statistically corresponds to a higher accident and claim rate.
• Consider raising physical damage deductibles – Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some coverage claims could be collision with another vehicle, collision with an animal, and having your car stolen. Physical damage deductibles state the amount of money you are willing to pay out-of-pocket in the event of a claim. The more expense you choose to pay out-of-pocket, the less your company will charge you for insurance for SLK-Class coverage.
• Your age impacts your premiums – Teenage drivers have been known to get distracted easily behind the wheel so they pay higher auto insurance rates. Older people tend to be more responsible, file fewer claims and are safer drivers.
• Liability coverage – Liability insurance will afford coverage in the event that you are ruled to be at fault for damages from an accident. This coverage provides legal defense starting from day one. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.

It’s not one size fits all

When it comes to buying adequate coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether you might need professional guidance.

• When should I not file a claim?
• Is my state a no-fault state?
• Which companies will insure high-risk drivers?
• Do I need replacement cost coverage?
• At what point should I drop full coverage?
• What should my uninsured motorist coverage limits be in my state?
• Is my dog or cat covered if injured in an accident?
• Should I have a commercial auto policy?
• Do I really need UM/UIM coverage?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out your zip code. It is quick, free and can help protect your family.

Auto insurance advertising gotchas

Consumers can’t escape the ads for cheaper auto insurance by Allstate and Progressive. All the ads state the claim about saving some big amount after switching your coverage.

But how can every company charge you a lower premium?

Most companies have a certain “appetite” for the type of customer they prefer to insure. For instance, this type of risk profile might be described as between 30 and 50, has no claims, and insures a new vehicle. Any customer who matches that profile will get the preferred prices and most likely will cut their rates substantially.

Drivers who don’t qualify for this stringent profile may be required to pay higher rates which leads to the customer buying from someone else. Company advertisements say “drivers that switch” not “everyone who quotes” save that kind of money. That’s why insurance companies can confidently make those claims. Because of these techniques, you should do a price quote comparison at every renewal. Because you cannot predict the company that will have the lowest rate quotes.

The coverage is in the details

Having a good grasp of a auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. These are typical coverage types found on most auto insurance policies.

Liability coverages

This coverage protects you from damage or injury you incur to people or other property in an accident. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as legal defense fees, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz SLK-Class.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like doctor visits, nursing services, X-ray expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage covers 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 then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like backing into a parked car, colliding with another moving vehicle, hitting a mailbox and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Comprehensive auto coverage

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane, damage from flooding, theft and rock chips in glass. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Save your hard earned cash

When trying to cut insurance costs, it’s very important that you do not reduce needed coverages to save money. In too many instances, an insured dropped uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find for the lowest price and still be able to protect your assets.

Discount 2018 Mercedes-Benz SLK-Class insurance is available on the web as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide price quotes online and many times these smaller providers only sell coverage through independent agents.