How Much Does 1999 Mercedes-Benz SLK-Class Car Insurance Cost?

Want cheaper insurance coverage rates for your Mercedes-Benz SLK-Class? Nobody likes paying for insurance coverage, especially knowing they are paying too much.

Numerous auto insurance companies battle for your business, so it can be very hard to choose a provider to find the absolute best rates possible.

Smart consumers take time to get comparison quotes at least once a year due to the fact that insurance rates go up and down regularly. Even if you think you had the lowest price on SLK-Class insurance a couple years back there is a good chance you can find better rates now. There is a lot of bad information regarding insurance coverage online, so I’m going to show you some guaranteed methods to find affordable insurance coverage.

Mercedes-Benz SLK-Class rate determination is complex

It’s important that you understand the factors that come into play when calculating the rates you pay for auto insurance. Knowing what influences your rates enables informed choices that will entitle you to much lower annual insurance costs.

The list below includes a partial list of the pieces auto insurance companies consider when setting prices.

  • Your stress level may be raising your rates – Jobs such as judges, social workers and stock brokers tend to have the highest rates because of job stress and long work days. On the other hand, occupations like farmers, students and the unemployed receive lower rates on SLK-Class insurance.
  • How’s your driving record? – Whether or not you get tickets impacts your car insurance rates tremendously. Careful drivers receive lower rates than bad drivers. Even one citation can boost insurance rates by twenty percent. Drivers with serious tickets such as reckless driving, hit and run or driving under the influence are required to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • Protect yourself with liability coverage – Liability insurance provides coverage if you are found liable for damages from an accident. Liability insurance provides you with a defense in court up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
  • Don’t let your coverage lapse – Driving with no insurance is illegal and auto insurance companies will penalize you for letting your insurance lapse. And not only will insurance be more expensive, getting caught without coverage can result in a revoked license or a big fine.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings get lower rates. Safe vehicles reduce injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders. If your Mercedes-Benz SLK-Class scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Are you male or female? – The statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Men and women are in accidents at a similar rate, but men have costlier accidents. Men also get cited for more serious violations like DUI and reckless driving. Teenage male drivers are the most expensive to insure and thus pay the highest rates.

Take discounts and save

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that you may not even be aware of. Larger premium reductions will be automatically applied at quote time, but a few must be asked about before they will apply.

  • Organization Discounts – Affiliation with a qualifying organization may earn a discount when buying auto insurance on SLK-Class insurance.
  • Accident Free – Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Homeowners Savings – Simply owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Discount for Good Grades – This discount can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company may reduce the rate for each vehicle.
  • Discount for Swiching Early – Select companies give a discount for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Accident Waiver – A handful of insurance companies will forgive one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.

As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears you could get a free auto insurance policy, you’re out of luck. But any discount will help reduce your overall premium however.

To see a list of companies who offer auto insurance discounts, click here.

Can you really save that much by switching?

21st Century, Allstate and State Farm regularly use ads in print and on television. All the companies have a common claim about savings if you move your policy. How can each company say the same thing? It’s all in the numbers.

All companies have a certain “appetite” for the type of driver they prefer to insure. For example, a desirable insured might be profiled as a mature driver, a clean driving record, and has great credit. A customer getting a price quote who meets those qualifications gets the lowest rates and is almost guaranteed to save when they switch companies.

Potential customers who are not a match for these standards will be quoted higher prices and this can result in the customer not buying. The ad wording is “customers who switch” not “people who quote” save that much. This is how insurance companies can advertise the savings.

This emphasizes why you should get a wide range of price quotes. It’s just too difficult to predict which insurance companies will have the lowest Mercedes-Benz SLK-Class insurance rates.

Which policy gives me the best coverage?

When it comes to buying proper insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether you could use an agent’s help.

  • Do I need special endorsements for business use of my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do all my vehicles need collision coverage?
  • Does my insurance cover my expensive audio equipment?
  • What is UM/UIM insurance?
  • When should I remove comp and collision on my 1999 Mercedes-Benz SLK-Class?
  • What are the best liability limits?
  • Are rental cars covered under my policy?
  • What is medical payments coverage?
  • Can I make deliveries for my home business?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with 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 specifics

Knowing the specifics of your policy can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverages available from insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for doctor visits, ambulance fees and prosthetic devices. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision insurance

This will pay to fix damage to your SLK-Class caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims such as sustaining damage from a pot hole, crashing into a ditch, colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hail damage, rock chips in glass, fire damage, hitting a deer and damage from getting keyed. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage

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

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability coverage

Liability coverage can cover injuries or damage you cause to people or other property in an accident. It protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as funeral expenses, medical services and medical expenses. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Take this to the bank

Discount 1999 Mercedes-Benz SLK-Class insurance can be sourced from both online companies as well as from independent agents, and you should be comparing both in order to have the best chance of saving money. Some auto insurance companies don’t offer online quoting and many times these small insurance companies only sell through independent insurance agents.

We’ve covered many ways to save on insurance. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may even discover the lowest premiums are with a small local company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

More detailed auto insurance information is located at these sites: