Compare 2015 Mercedes-Benz SLK-Class Car Insurance Rates

Nobody likes paying for insurance coverage, in particular when they are paying too much. Many insurance companies vie for your hard-earned dollar, and because of this it can be hard to compare insurers to find the best price available.

If you have a current insurance policy or are looking for a new policy, you can use these techniques to cut your premiums while maximizing coverage. Finding the best rates is not that difficult. Drivers just need to know the best way to compare rates on the web.

Low Cost Auto Insurance

Lowering your 2015 Mercedes-Benz SLK-Class auto insurance rates is surprisingly easy. All you need to do is spend a few minutes to get quotes online from several insurance companies. This can be done in a couple of different ways.

  1. The most efficient way to find low rates is an all-inclusive rate comparison click here to open form in new window. This type of form saves time by eliminating separate quote forms for every auto insurance company. A single form will return price quotes direct from many companies.
  2. A slightly less efficient method to analyze rates is spending the time to visit the website for each individual company and complete a new quote form. For instance, let’s assume you want to compare rates from State Farm, Safeco and Allstate. You would have to spend time on each company’s site and enter your information, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but double check that you are using apples-to-apples coverage limits and deductibles for every quote you compare. If you have higher or lower deductibles then you won’t be able to decipher which rate is best.

Drivers who switch save $480 a year? Really?

Drivers constantly see and hear ads for car insurance savings by companies like State Farm, Allstate and Geico. They all seem to make the same claim about savings if you change to them.

How can 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. For instance, a profitable customer might be profiled as between 30 and 50, has no prior claims, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters will get the preferred rates and as a result will probably save when they switch companies.

Consumers who fall outside these standards will be charged higher rates and this can result in the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can state the savings. That is why you should quote coverage with many companies. It’s impossible to know the company that will fit your personal profile best.

These factors can influence Mercedes-Benz SLK-Class insurance rates

Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for insurance. Knowing what influences your rates helps enable you to make changes that can help you get much lower annual insurance costs.

The list below includes some of the factors that factor into your rates.

  • Traffic violations increase rates – Your driving citation history impacts your car insurance rates tremendously. Just one citation can increase rates twenty percent or more. Good drivers get better rates than their less careful counterparts. Drivers who have dangerous citations like DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
  • Where you reside plays a part – Choosing to live in small towns and rural areas can be a good thing when talking about insurance. Less people living in that area translates into fewer accidents. Drivers in populated areas have much more traffic to deal with and a longer drive to work. More time commuting can result in more accidents.
  • A lapse in coverage is a bad thing – Having an insurance coverage lapse will be a fast way to trigger a rate increase. Not only will you pay more, but being ticketed for driving with no insurance can result in a license revocation or jail time.
  • An active claims history can cost you – Companies provide cheaper rates to policyholders who are claim-free. If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Your insurance policy is intended to be relied upon for larger claims.
  • Better credit means lower rates – Credit rating is a large factor in determining what you pay for insurance. People with good credit tend to be more responsible than drivers with lower credit ratings. If your credit rating can use some improvement, you could potentially save money when insuring your 2015 Mercedes-Benz SLK-Class by improving your credit score.
  • Men are more aggressive – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Women and men have accidents at about the same rate, but the males cause more damage. They also have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
  • Low deductibles can be expensive – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Mercedes-Benz from damage. Some examples of claims that would be covered could be running into the backend of another car, damage caused by hail, and rolling your vehicle. The deductibles are the amount of money you are required to spend in the event of a claim. The more expense the insured has to pay upfront, the less your company will charge you for insurance on SLK-Class coverage.

These discounts can slash insurance rates

Companies that sell car insurance do not list every available discount in an easy-to-find place, so the following is a list of some of the best known as well as the least known savings tricks you should be using. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Clubs and Organizations – Participating in certain professional organizations may earn a discount when shopping for insurance on SLK-Class coverage.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy a life insurance policy as well.
  • Accident Forgiveness – A few companies permit an accident before your rates go up if you are claim-free for a certain period of time.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Own a Home – Being a homeowner can save you money due to the fact that maintaining a home shows financial diligence.
  • Passive Restraint Discount – Cars that have air bags can get savings of up to 25% or more.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance policy may reduce the rate for each vehicle.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like comp or med pay. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.

For a list of insurers with the best insurance discounts, click here.

When might I need the advice of an agent?

When buying proper insurance coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that may help you determine if your situation could use an agent’s help.

  • How can I find cheaper teen driver insurance?
  • Is a blown tire covered by insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Is other people’s property covered if stolen from my vehicle?
  • When should I not file a claim?
  • How much underlying liability do I need for an umbrella policy?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverages

Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.

Collision coverage

Collision insurance covers damage to your SLK-Class resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with a tree, hitting a mailbox, crashing into a ditch and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as funeral costs, pain medications, chiropractic care, X-ray expenses and dental work. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability

This will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from legal claims by others, 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. You commonly see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims such as attorney fees, court costs and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, falling objects and rock chips in glass. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Mercedes-Benz SLK-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Knowledge is power

Discount 2015 Mercedes-Benz SLK-Class insurance can be sourced from both online companies and with local insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

Throughout this article, we presented many ways to lower your insurance rates. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the best prices are with some of the smallest insurance companies. They may cover specific market segments cheaper as compared to the big name companies such as State Farm, Geico and Nationwide.

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