2005 Mercedes-Benz SLK-Class Insurance Rates – 8 Ways to Save

Trying to find the cheapest auto insurance rates? Buyers have lots of choices when searching for affordable Mercedes-Benz SLK-Class insurance. They can either spend hours calling around to compare prices or save time using the internet to find the lowest rates. There are both good and bad ways to find auto insurance online so we’re going to tell you the proper way to price shop coverage for your Mercedes-Benz and locate the lowest price either online or from local insurance agents.

Consumers should take time to shop coverage around on a regular basis since rates change quite often. Even if you think you had the best deal on SLK-Class coverage on your last policy you can probably find a better price now. So ignore everything you know about auto insurance because you’re about to learn the best methods to properly buy coverages and cut your premium.

If you are insured now or are looking for a new policy, you can use these tips to cut your premiums and possibly find even better coverage. This information will tell you how to effectively get price quotes and some tips to save money. Drivers only need an understanding of the best way to shop their coverage around over the internet.

Are you getting all your discounts?

Car insurance companies don’t always advertise all available discounts in a way that’s easy to find, so we researched some of the more common and also the lesser-known ways to save on insurance coverage. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on SLK-Class coverage than drivers with accident claims.
  • Anti-theft Discount – Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
  • Accident Forgiveness – A few companies will forgive one accident before raising your premiums if your claims history is clear for a set time period.
  • Good Students Pay Less – This discount can save 20 to 25%. The discount lasts well after school through age 25.
  • Discount for Swiching Early – A few companies offer discounts for switching to them before your current policy expires. The savings is around 10%.
  • Low Mileage – Keeping the miles down on your Mercedes-Benz could be rewarded with discounted rates on garaged vehicles.
  • Claim Free – Drivers who don’t have accidents pay much less when compared to drivers who are more careless.
  • Resident Student – Kids in college who are attending college and do not have access to a covered vehicle may qualify for this discount.

It’s important to understand that many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

Car insurance companies that may offer these discounts are:

Check with all companies you are considering what discounts are available to you. Discounts may not be available everywhere.

How to Buy Car Insurance Online

There are a variety of methods to compare 2005 Mercedes-Benz SLK-Class car insurance prices but some are less labor-intensive and much quicker. You can waste hours driving to local insurance agents in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Most car insurance companies belong to a marketplace where prospective buyers complete one form, and each participating company then returns a price quote based on the submitted data. This prevents consumers from doing form submissions for each company.

To find out what other companies charge for 2005 Mercedes-Benz SLK-Class insurance click here (opens in new window).

The one disadvantage to comparing rates this way is you can’t choose the insurers to get quotes from. If you prefer to choose specific providers for rate comparison, we have assembled a list of companies who write car insurance in your area. Click to view list.

It doesn’t matter which method you choose, just make sure you use the exact same coverage limits on every quote. If you have different liability limits it’s not possible to make an equal comparison.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is no perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions can help discover whether your personal situation will benefit from professional help.

  • Is my camper covered by my car insurance policy?
  • Is my state a no-fault state?
  • Am I covered when using my vehicle for business?
  • Exactly who is provided coverage by my policy?
  • When should I buy a commercial auto policy?
  • If my 2005 Mercedes-Benz SLK-Class is totaled, can I afford another vehicle?
  • When do I need to add a new car to my policy?
  • Is there coverage for injuries to my pets?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and can provide invaluable advice.

Can switching companies really save?

Consumers constantly see and hear ads for the lowest price auto insurance by State Farm, Geico and Progressive. They all seem to make the same claim that you can save if you change to their company.

How can each company make almost identical claims? This is how they do it.

Different companies have a preferred profile for the driver that is profitable for them. For instance, a driver they prefer might be profiled as between 25 and 40, owns a home, and chooses high deductibles. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t qualify for the “perfect” profile will be quoted higher rates which usually ends up with the customer not buying. The ad wording is “customers who switch” not “everyone that quotes” save money. That is how companies can truthfully make those claims. This emphasizes why it is so important to get a wide range of price quotes. You cannot predict which company will have the lowest Mercedes-Benz SLK-Class insurance rates.

Car insurance policy specifics

Learning about specific coverages of your car insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive coverage – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like vandalism, a tree branch falling on your vehicle and a broken windshield. The most your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage – This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mercedes-Benz SLK-Class.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Collision coverage – Collision coverage pays for damage to your SLK-Class caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like scraping a guard rail, rolling your car, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for expenses for things like rehabilitation expenses, ambulance fees, pain medications, EMT expenses and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability insurance – This coverage can cover damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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. Your policy might show values of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers things like medical expenses, structural damage, bail bonds, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

More quotes mean more savings

Consumers leave their current company for any number of reasons including unfair underwriting practices, high prices, high rates after DUI convictions and even extreme rates for teen drivers. No matter why you want to switch, switching car insurance companies is pretty easy and you might even save some money in the process.

In this article, we presented some good ideas how you can reduce 2005 Mercedes-Benz SLK-Class insurance prices online. It’s most important to understand that the more providers you compare, the better your comparison will be. Drivers may discover the best prices are with the least-expected company.

As you shop your coverage around, you should never buy poor coverage just to save money. In too many instances, an insured cut liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

More information