2002 Mercedes-Benz SLK-Class Insurance Quotes

Searching for better auto insurance rates? Consumers have lots of choices when looking for affordable Mercedes-Benz SLK-Class insurance. They can either spend hours calling around to compare prices or save time using the internet to get rate quotes.

There is a right way and a wrong way to buy auto insurance so you’re going to learn the proper way to get price quotes for a Mercedes-Benz and locate the lowest price.

Mercedes-Benz SLK-Class insurance rates consist of many parts

Smart consumers have a good feel for the factors that come into play when calculating your insurance rates. Understanding what impacts premium levels helps enable you to make changes that will entitle you to much lower annual insurance costs.

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

  • Younger drivers pay higher rates – More mature drivers are more responsible, file fewer claims and are safer drivers. Young drivers are known to be careless and easily distracted when driving therefore insurance rates are much higher.
  • More claims means more premium – If you frequently file small claims, you can expect either higher rates or even cancellation. Insurance companies give cheaper rates to policyholders who do not file claims often. Car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Don’t buy coverages you don’t need – There are a ton of extra coverages that you can get tricked into buying on your insurance policy. Insurance for rental car reimbursement, accidental death and additional equipment coverage may be wasting your money. They may seem like a good idea when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Protect your assets with liability insurance – Liability coverage will protect you if ever you are found liable for causing damage or personal injury in an accident. Liability insurance provides legal defense up to the limits shown on your policy. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Men pay higher rates – Statistics have proven that women are safer drivers than men. However, this does not mean women are better drivers. Men and women tend to get into accidents at a similar rate, but men have costlier accidents. Men also have more aggressive citations like DUI and reckless driving. Teenage male drivers are most likely to cause an accident and therefore are the most expensive to insure.

Vehicle Insurance Comparison

There are a lot of ways to compare auto insurance quotes, but some are easier and takes less work. You can spend countless hours talking about coverages with local insurance agents in your area, or you could save time and use the internet to accomplish the same thing much quicker.

Many of the larger companies belong to a marketplace where prospective buyers enter their coverage request one time, and at least one company returns a rated price for coverage. This eliminates the need for quotation requests to every company.

To compare 2002 Mercedes-Benz SLK-Class rates using this form now click here (opens in new window).

The only drawback to comparing rates this way is that consumers can’t choose the companies to get quotes from. So if you want to choose specific insurance companies to compare prices, we put together a list of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make sure you use apples-to-apples coverages for every quote you compare. If the quotes have mixed coverages it’s impossible to decipher which rate is best.

Do you really save 40% when you switch?

Drivers can’t get away from ads for car insurance savings from the likes of Allstate and Progressive. They all have a common claim that you’ll save big if you change your coverage to them.

But how can every company say the same thing? It’s all in the numbers.

Insurance companies can use profiling for the right customer that is profitable for them. For example, a driver they prefer might be between the ages of 30 and 50, has no prior claims, and chooses high deductibles. A driver that hits that “sweet spot” will get the preferred rates and therefore will save when they switch companies.

Drivers who don’t meet the “perfect” profile will be quoted a higher premium and this can result in business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. That’s the way companies can truthfully state the savings.

This emphasizes why you need to get as many quotes as possible. It’s not possible to predict the company that will fit your personal profile best.

Do you qualify for a discount?

Car insurance can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Certain discounts will be applied when you get a quote, but less common discounts must be specifically requested prior to getting the savings. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
  • Resident Student – Children who are attending college and do not have a car can receive lower rates.
  • 55 and Retired – If you qualify as a senior citizen, you may receive a discount up to 10% for SLK-Class coverage.
  • Drive Less and Save – Low mileage vehicles could be rewarded with discounted rates on garaged vehicles.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Student Driver Training – Cut your cost by having your teen driver complete a driver education course in high school.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy could earn a price break for each car.
  • Accident Forgiveness – A few companies will allow you to have one accident before your rates go up if you are claim-free prior to the accident.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.

It’s important to note that many deductions do not apply to the entire cost. Most cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will help reduce your overall premium however.

Car insurance companies that may have these benefits include:

Before buying, ask each company what discounts are available to you. Savings might not apply in your area.

What coverages do I need?

When it comes to buying coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique.

These are some specific questions may help you determine if your situation might need professional guidance.

  • Will my rates increase for filing one claim?
  • Does my 2002 Mercedes-Benz SLK-Class qualify for pleasure use?
  • Do I need roadside assistance coverage?
  • How much liability do I need to cover my assets?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does having multiple vehicles earn me a discount?
  • Does coverage extend to a rental car in a foreign country?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can help protect your family.

Insurance coverage breakdown

Having a good grasp of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Liability auto insurance

Liability insurance provides protection from injuries or damage you cause to a person or their property. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as pain and suffering, legal defense fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Coverage for uninsured or underinsured drivers

This provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2002 Mercedes-Benz SLK-Class.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, vandalism, damage from flooding and hitting a deer. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as hitting a parking meter, crashing into a building, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Coverage for medical expenses

Med pay and PIP coverage pay for expenses such as chiropractic care, EMT expenses and dental work. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

The bottom line

People change insurance companies for any number of reasons including denial of a claim, high rates after DUI convictions, policy non-renewal or even being labeled a high risk driver. Whatever your reason, switching insurance companies can be pretty painless.

Cheap 2002 Mercedes-Benz SLK-Class insurance is definitely available online in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies do not provide online price quotes and these small, regional companies work with independent agents.

When shopping online for insurance, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits and learned later that the savings was not a smart move. The ultimate goal is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Additional information