2004 Mercedes-Benz CLK-Class Insurance Cost – 7 Ways to Save

Want lower auto insurance rates for your Mercedes-Benz CLK-Class? Are you overwhelmed by the wide range of auto insurance company choices? You have a lot of company. Consumers have so many companies to choose from that it can turn into more work than you anticipated to find lower rates.

Buying car insurance is not rocket science. If you currently have a car insurance policy, you should be able to cut costs considerably using these tips. Although car owners can benefit by having an understanding of the way companies sell insurance online and apply this information to your search.

The fastest way that we advise to compare rates is to realize most of the larger companies allow for online access to provide you with free rate quotes. The one thing you need to do is spend a couple of minutes providing details like if the car is leased, driver ages, if you went to college, and coverage limits. Your details is instantly sent to many different companies and you will get price comparisons within a short period of time.

Take these seven discounts and save

Companies offering auto insurance don’t list all their discounts very clearly, so we took the time to find some of the more common and the more hidden discounts you could be receiving.

  • Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.
  • Anti-theft System – Cars that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Drive Less and Save – Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Driver Safety – Taking part in a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same car insurance policy qualifies for this discount.
  • Homeowners Pay Less – Being a homeowner may trigger a car insurance policy discount because maintaining a house requires personal responsibility.
  • Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.

A little note about advertised discounts, most credits do not apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, it doesn’t quite work that way.

To see a list of insurers offering car insurance discounts, click here.

Which policy gives me the best coverage?

When it comes to choosing coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine if your situation could use an agent’s help.

  • Are my friends covered when driving my 2004 Mercedes-Benz CLK-Class?
  • What discounts do I qualify for?
  • Does coverage extend to my business vehicle?
  • Can my babysitter drive my car?
  • What is covered by UM/UIM coverage?
  • Will filing a claim cost me more?
  • What if I total my 2004 Mercedes-Benz CLK-Class and owe more than it’s worth?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need special endorsements for business use of my vehicle?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

Car insurance coverages for a Mercedes-Benz CLK-Class

Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Auto liability insurance – This provides protection from damage or injury you incur to people or other property by causing an accident. It protects YOU against other people’s claims. It does not cover 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 might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims like funeral expenses, attorney fees, emergency aid, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Comprehensive insurance – This coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, rock chips in glass, hitting a bird, damage from a tornado or hurricane and hitting a deer. The maximum payout your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for bills such as hospital visits, rehabilitation expenses, pain medications, ambulance fees and X-ray expenses. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mercedes-Benz CLK-Class.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage – Collision insurance covers damage to your CLK-Class from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Summing up your insurance search

You just read a lot of tips how to lower your 2004 Mercedes-Benz CLK-Class insurance rates. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may even discover the lowest premiums are with a company that doesn’t do a lot of advertising.

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed full coverage only to regret they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.

Insureds switch companies for many reasons like unfair underwriting practices, delays in paying claims, extreme rates for teen drivers and an unsatisfactory settlement offer. Regardless of your reason, finding a new insurance company can be easier than you think.

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