2012 Mercedes-Benz SLK-Class Insurance Quotes

Looking for the cheapest insurance coverage rates for your Mercedes-Benz SLK-Class? Finding the cheapest insurance for a Mercedes-Benz SLK-Class can normally be difficult, but you can follow the following methods and make it easy. There is a right way and a wrong way to shop for insurance coverage and we’ll show you the best way to price shop coverage on a Mercedes-Benz and obtain the lowest possible price.

If you have a policy now or need new coverage, you can use these tips to get lower rates while maximizing coverage. Finding more affordable auto insurance coverage can be fairly easy. Vehicle owners just need to learn how to shop for auto insurance online.

How to Get Insurance Coverage Comparison Quotes

Finding a better price on insurance coverage can be relatively painless. You just need to take time getting comparison quotes online from several insurance companies. This can be accomplished using a couple different methods.

  1. Probably the best way to get quotes is an all-inclusive rate comparison click here to open form in new window. This form saves time by eliminating separate quote forms to each individual insurance coverage company. One quote request will return price quotes from all major companies.It’s the quickest way to get rates.
  2. A harder way to shop for insurance coverage online requires visiting each company website to complete their respective quote request forms. For instance, let’s say you want to compare rates from USAA, Liberty Mutual and State Farm. To get rate quotes you would need to visit each site and enter your policy data, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient method to get comparison rates is to drive around to different agent offices. Buying insurance online makes this process obsolete unless you prefer the professional guidance of a local agent. It is possible to get the lowest quotes online but buy from a local insurance agent and we’ll cover that in a bit.

However you get your quotes, be sure to compare identical quote information for every company. If you enter unequal deductibles or liability limits then you won’t be able to make an equal comparison.

Ads can be misleading

Consumers get pounded daily by advertisements for cheaper car insurance by Progressive, Allstate and Geico. They all make the same claim of big savings after switching to their company.

How do they all claim to save you money?

All companies have a preferred profile for the right customer that is profitable for them. An example of a preferred risk could be between the ages of 40 and 55, a clean driving record, and has excellent credit. A customer getting a price quote who fits that profile receives the best rates and therefore will cut their rates substantially.

Consumers who do not match the requirements will have to pay a more expensive rate which usually ends up with business not being written. The ads state “people who switch” not “people who quote” save that much money. That is how insurance companies can make those claims. Because of the profiling, you should get as many comparisons as possible. It is impossible to predict which insurance coverage company will fit your personal profile best.

Pieces of the Mercedes-Benz SLK-Class insurance rate puzzle

It’s important that you understand some of the elements that play a part in calculating auto insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with better auto insurance rates.

  • More people means more accidents – Choosing to live in a small town has it’s advantages when it comes to auto insurance. Drivers who live in large cities have to deal with congested traffic and longer commutes to work. Less people living in that area translates into fewer accidents.
  • Protect your assets with liability insurance – Liability coverage provides coverage if ever a court rules you are at fault for damages caused by your negligence. Liability provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
  • Don’t buy coverages you don’t need – There are a lot of extra coverages that can waste your money if you aren’t careful. Insurance for rental car reimbursement, accident forgiveness and additional equipment coverage are some examples. 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.
  • Higher deductibles cost less – Deductibles for physical damage represent how much money you are required to spend in the event of a claim. Physical damage insurance, also known as collision and other-than-collision, protects your car from damage. Some instances where coverage would apply are colliding with a building, damage caused by hail, and windstorm damage. The more you are required to pay out-of-pocket, the lower your rates will be on SLK-Class coverage.
  • Discounts for multiple policies – Some insurance companies provide better rates to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to 10 percent or more. Even though this discount sounds good, it’s in your best interest to comparison shop to verify if the discount is saving money. Drivers may still find a better deal by buying insurance from more than one company.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores are cheaper to insure. The safest vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Mercedes-Benz is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Traffic citations inflate rates – A bad driving record has a lot to do with how much you pay for insurance. Even one citation can bump up the cost forty percent or more. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. If you have flagrant violations like DUI or reckless driving may find they need to submit a SR-22 form with their state DMV in order to keep their license.

Do you qualify for a discount?

Auto insurance companies don’t list all their discounts very well, so we took the time to find some of the best known and the more hidden savings tricks you should be using. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less on SLK-Class coverage than their less cautious counterparts.
  • Multiple Policy Discount – When you have multiple policies with the same insurance company you could get a discount of approximately 10% to 15%.
  • Student in College – Youth drivers who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can get savings up to 30%.
  • Military Discounts – Having a family member in the military can result in better rates.
  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.

As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. Just because it seems like you could get a free insurance policy, you won’t be that lucky.

A partial list of companies that may offer these discounts are:

Check with each insurance company which discounts they offer. All car insurance discounts might not apply in every state.

What coverages do I need?

When choosing coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions may help highlight if you would benefit from an agent’s advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • Are rock chip repairs covered?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my trailer covered?
  • When can my company non-renew my policy?
  • Do I need more liability coverage?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.

Detailed coverages of your car insurance policy

Having a good grasp of car insurance can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like vandalism, rock chips in glass and hail damage. The highest amount you can receive from a comprehensive claim 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.

Medical expense insurance – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for X-ray expenses, funeral costs, hospital visits, doctor visits and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers – This gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2012 Mercedes-Benz SLK-Class.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Liability insurance – This provides protection from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, 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 which stand for a $50,000 limit per person for injuries, 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 pays for claims such as repair costs for stationary objects, funeral expenses, emergency aid, medical services and bail bonds. How much coverage you buy is a personal decision, but buy higher limits if possible.

Collision coverage – Collision coverage covers damage to your SLK-Class caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as driving through your garage door, sustaining damage from a pot hole, sideswiping another vehicle, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Save your hard earned cash

We covered some good ideas how to get a better price on 2012 Mercedes-Benz SLK-Class insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Drivers may discover the best prices are with some of the lesser-known companies.

Drivers leave their current company for any number of reasons including high rates after DUI convictions, questionable increases in premium, policy non-renewal and extreme rates for teen drivers. It doesn’t matter what your reason, switching insurance coverage companies can be pretty painless.

When shopping online for insurance coverage, do not buy poor coverage just to save money. In too many instances, someone dropped physical damage coverage only to discover later they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

More detailed insurance coverage information is available by following these links: