Searching for cheaper insurance rates for your Mercedes-Benz SLK-Class? No one looks forward to buying insurance, particularly when the cost is too high.
Numerous insurers battle for your insurance dollar, so it can be very hard to choose a company to get the cheapest price
Companies that sell car insurance do not advertise every discount very well, so we break down some of the best known and the more hidden discounts you could be receiving.
Consumers should know that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way.
For a list of companies with the best car insurance discounts, click here.
When buying adequate coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can help discover whether or not you might need an agent’s assistance.
If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier
Understanding the coverages of a car insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages found on most car insurance policies.
Auto liability
Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability insurance covers things such as medical services, loss of income and repair costs for stationary objects. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.
Comprehensive insurance
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like damage from a tornado or hurricane, a broken windshield, damage from flooding, fire damage and rock chips in glass. The maximum amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP pay for immediate expenses for rehabilitation expenses, funeral costs and doctor visits. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.
Collision protection
This will pay to fix damage to your SLK-Class resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like sideswiping another vehicle, damaging your car on a curb, hitting a mailbox, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.
As you shop your coverage around, you should never buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.
In this article, we covered some good ideas how you can save on 2010 Mercedes-Benz SLK-Class insurance. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. You may even find the lowest priced insurance comes from a lesser-known regional company. These smaller insurers may only write in your state and offer lower rates compared to the large companies like State Farm and Allstate.