2005 Mercedes-Benz SLK-Class Insurance Rates

Searching for lower insurance rates for your Mercedes-Benz SLK-Class? Are you confused by the sheer number of insurance options? You’re not the only one! Drivers have so many choices that it can quickly become a real challenge to find the best price.

Save on Mercedes-Benz SLK-Class insurance

Car insurance companies don’t always publicize every discount very clearly, so here is a list both well-publicized as well as the least known insurance savings.

  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Distant Student – Children living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Government Employees – Employees or retirees of the government may qualify you for a discount for SLK-Class insurance with select insurance companies.
  • Defensive Driving Course – Successfully completing a defensive driving course could save 5% or more depending on where you live.
  • Senior Discount – If you qualify as a senior citizen, you may receive reduced rates for SLK-Class insurance.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. This discount can apply up to age 25.

A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like liability and collision coverage. Just because it seems like you could get a free insurance policy, it doesn’t quite work that way.

For a list of insurers with discount insurance rates, follow this link.

Tailor your coverage to you

When buying the best car insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Every situation is different.

For example, these questions could help you determine whether your personal situation would benefit from professional advice.

  • What happens if I owe more than my 2005 Mercedes-Benz SLK-Class is worth?
  • Am I covered if I wreck a rental car?
  • Does having multiple vehicles earn me a discount?
  • Am I covered if I hit a deer?
  • Am I covered when driving on a suspended license?
  • Can I rent a car in Mexico?
  • Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form.

Coverage specifics

Having a good grasp of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement.

Auto liability insurance

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

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for claims such as repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying higher limits if possible.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hitting a bird, hail damage, a broken windshield, falling objects and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2005 Mercedes-Benz SLK-Class.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses for dental work, chiropractic care and funeral costs. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

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

Collision can pay for claims such as colliding with a tree, damaging your car on a curb and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Make an honest buck

Low-cost 2005 Mercedes-Benz SLK-Class insurance can be purchased from both online companies and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. A few companies may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

When shopping online for auto insurance, don’t be tempted to reduce coverage to reduce premium. In many instances, an insured cut full coverage only to regret they didn’t have enough coverage. Your focus should be to buy the best coverage you can find for the lowest price while still protecting your assets.

Drivers change insurance companies for any number of reasons including an unsatisfactory settlement offer, extreme rates for teen drivers, high rates after DUI convictions or even not issuing a premium refund. It doesn’t matter why you want to switch finding the right auto insurance provider is pretty easy and you might even save some money in the process.

Additional auto insurance information is available below: