2002 Mercedes-Benz SLK-Class Insurance Quotes – 10 Tips for Cheaper Rates

Searching for cheaper insurance rates for your Mercedes-Benz SLK-Class? Nobody likes having to buy insurance, in particular when they are paying too much. Because you have many insurance companies to choose from, it can be hard to pick the cheapest insurance company.

It is always a good idea to take a look at other company’s rates before your policy renews because insurance rates are usually higher with each renewal. Despite the fact that you may have had the best price on SLK-Class insurance a few years ago you may be paying too much now. Forget all the misinformation about insurance because I’m going to let you in on the secrets to how to use online quotes to eliminate unnecessary coverages and save money.

Comprehensive Insurance Comparison

Effectively comparing insurance prices can take time and effort if you don’t utilize the best way to get rate quotes. You could waste time talking about coverages with insurance agencies in your area, or you can stay home and use the web to maximize your effort.

Many popular insurance companies take part in a program that allows shoppers to enter their coverage request one time, and at least one company provides a quote determined by their information. This eliminates the need for quotation requests for every insurance company.

To use this form to compare 2002 Mercedes-Benz SLK-Class insurance rates click to open in new window.

The only downside to doing it this way is you can’t choose the providers you want to price. So if you want to select individual companies to receive pricing from, we have a listing of companies who write insurance in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use apples-to-apples coverage limits with each company. If you compare different deductibles it will be impossible to make an equal comparison.

Do you qualify for these ten discounts?

Insuring your fleet can be pricey, but you can get discounts to reduce the price significantly. Most are applied at the time of purchase, but some must be specially asked for prior to getting the savings. If they aren’t giving you every credit available, you are paying more than you should be.

  • Multiple Cars – Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.
  • Low Mileage – Fewer annual miles on your Mercedes-Benz could be rewarded with a substantially lower rate.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save 10% or more on the medical payments or PIP coverage costs.
  • Distant Student – Kids in college who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Discount for Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
  • Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. The discount lasts until age 25.
  • Homeowners Savings – Owning a home can help you save on auto insurance because owning a home requires personal responsibility.
  • Passive Restraints – Factory air bags or motorized seat belts can qualify for discounts of 20% or more.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% since new cars are generally safer.
  • No Accidents – Good drivers with no accidents can save substantially as compared to frequent claim filers.

Drivers should understand that most credits do not apply to all coverage premiums. Some only reduce individual premiums such as medical payments or collision. So when it seems like it’s possible to get free car insurance, you’re out of luck. Any qualifying discounts will cut your premiums.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Double check with each company which discounts you may be entitled to. Some discounts may not apply in your area.

Don’t assume everyone needs the same coverage

When choosing proper insurance coverage, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions might point out whether you will benefit from professional help.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • How much liability coverage do I need in my state?
  • Can I still get insurance after a DUI?
  • Can I rent a car in Mexico?
  • What if I owe more than I can insure my car for?
  • Does my policy cover me when driving someone else’s vehicle?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Learning about specific coverages of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the usual coverages offered by auto insurance companies.

Liability auto insurance

This coverage will cover damage or injury you incur to people or other property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair costs for stationary objects, pain and suffering and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive auto coverage

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like theft, rock chips in glass, hitting a bird, hitting a deer and a tree branch falling on your vehicle. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage

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

Collision coverage pays for claims like sustaining damage from a pot hole, colliding with a tree, rolling your car and crashing into a building. Paying for collision coverage can be pricey, 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.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mercedes-Benz SLK-Class.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for expenses for X-ray expenses, pain medications, doctor visits, chiropractic care and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Have money to burn

The cheapest 2002 Mercedes-Benz SLK-Class insurance can be bought online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers may not provide online price quotes and most of the time these smaller companies sell through independent agents.

While you’re price shopping online, you should never buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice full coverage only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

We just presented a lot of tips how to reduce insurance prices online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the most savings is with the smaller companies. They may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

Additional detailed information can be read in these articles: