Lower Your 2012 Mercedes-Benz SLK-Class Car Insurance Quotes

Searching for better car insurance rates for your Mercedes-Benz SLK-Class? Having to pay for pricey Mercedes-Benz SLK-Class insurance can sap your savings and force you to make tough financial choices. Comparing price quotes can lower your rates and help to tighten up your finances.

Due to the increasing number of car insurance companies to choose from, it can be diffult for drivers to pick a lower cost insurance company.

Why your insurance premiums might be higher

The best way to find cheaper insurance is to take a look at the different types of things that come into play when calculating insurance rates. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that can earn you much lower annual insurance costs.

The items below are some of the things used by insurance companies to determine your rate level.

  • Liability protection is important – Your insurance policy’s liability coverage is the protection if you are found to be at fault for physical damage or personal injury to other. Your liability coverage provides for a legal defense starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
  • Are you male or female? – Statistics have proven that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Women and men cause auto accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Not only that, but men also receive more major tickets like DUI and reckless driving.
  • Pleasure use or commuting – The more you drive your Mercedes-Benz each year the more you’ll pay to insure it. Most insurance companies price each vehicle’s coverage based upon how much you drive. Cars used primarily for pleasure use cost less to insure than those used for commuting. Having the wrong rating on your SLK-Class can result in significantly higher rates. Make sure your insurance policy is rated on how each vehicle is driven.
  • Never let your coverage lapse – Having a gap between insurance policy dates can be a guaranteed way to drive up your policy premiums. Not only will you pay higher rates, the inability to provide proof of insurance might get you a revoked license or a big fine. You may have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Stay claim-free and save money – If you frequently file small claims, don’t be surprised to see higher premiums or even policy non-renewal. Car insurance companies give better rates to people that do not abuse their auto insurance. Insurance coverage is designed for the large, substantial claims.
  • Better credit means lower premiums – Having a bad credit score is a big factor in your rate calculation. If your credit history could use some work, you could potentially save money when insuring your 2012 Mercedes-Benz SLK-Class by spending a little time repairing your credit. Insureds that have excellent credit tend to be more responsible and file fewer claims than those with lower credit scores.
  • What’s your car’s safety rating? – Cars with high safety ratings tend to have better insurance rates. Vehicles built for safety have better occupant injury protection and any reduction in injury severity means lower claim amounts which can mean better rates for you. If your Mercedes-Benz SLK-Class has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.

Insurance discounts are available to lower your rates

Car insurance companies don’t necessarily list the entire discount list very clearly, so here is a list a few of the more common as well as the least known savings tricks you should be using when you buy insurance coverage online.

  • Discount for Passive Restraints – Options like air bags or automatic seat belts can get savings as much as 30%.
  • ABS Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes prevent accidents so companies give up to a 10% discount.
  • Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in high school.
  • Active Military Service – Being deployed in the military can result in better premium rates.
  • Sign Early and Save – Some companies provide a discount for switching policies before your current policy expires. It can save you around 10%.
  • Homeowners Savings – Being a homeowner can help you save on insurance since owning and maintaining a home means you have a higher level of financial diligence.
  • Multi-Vehicle Discounts – Drivers who insure multiple cars or trucks on one policy can reduce rates for all insured vehicles.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles are stolen with less frequency and that can save you a little bit as well.
  • Distant College Student Discount – Kids who live away from home to go to college and don’t have a car may be able to be covered for less.

You should keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only reduce individual premiums such as comp or med pay. Just because it seems like all the discounts add up to a free policy, that’s just not realistic.

The best insurance companies and the discounts they provide are outlined below.

  • State Farm has discounts for multiple autos, student away at school, Steer Clear safe driver discount, anti-theft, and driver’s education.
  • Progressive offers premium reductions for homeowner, online quote discount, multi-vehicle, good student, and continuous coverage.
  • Travelers offers discounts including student away at school, multi-policy, IntelliDrive, continuous insurance, and hybrid/electric vehicle.
  • American Family may have discounts that include good driver, good student, multi-vehicle, mySafetyValet, early bird, bundled insurance, and defensive driver.
  • Liberty Mutual offers discounts for newly married, new move discount, teen driver discount, good student, and newly retired.

If you are trying to find inexpensive insurance coverage quotes, ask every prospective company to apply every possible discount. Savings may not apply to policies everywhere. To view insurance companies with discount rates, click here.

Tricks in insurance advertising

Consumers can’t get away from ads for the lowest price insurance by Allstate, GEICO and Progressive. They all make an identical promise that you’ll save big if you just switch to their company.

How is it plausible that every one can save you money? Here is the trick they use.

Different companies have a certain “appetite” for the type of insured that earns them the most money. One example of this type of driver should be a married male, has a clear driving record, and drives a car with an anti-theft system. Any driver that hits that “sweet spot” will get very good rates and will most likely save when they switch companies.

Insureds who do not fit this stringent profile will probably be forced to pay higher premium rates which results in the customer not buying. If you listen closely, the ads state “people who switch” not “all people who quote” can save as much as they claim. That’s the way companies can claim big savings.

Different companies use different criteria so you should quote coverage with many companies. It is impossible to predict with any certainty which company will have the lowest rates for your situation.

Everyone needs different insurance coverages

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different so your insurance needs to address that. For example, these questions may help you determine if your situation would benefit from an agent’s advice.

  • Who is covered when they drive my 2012 Mercedes-Benz SLK-Class?
  • Does my policy cover me when driving someone else’s vehicle?
  • What happens if I owe more than my 2012 Mercedes-Benz SLK-Class is worth?
  • Why is insurance for a teen driver so high?
  • Does coverage extend to a rental car in a foreign country?
  • Am I better off with higher deductibles on my 2012 Mercedes-Benz SLK-Class?
  • Is a fancy paint job covered?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered if I hit my neighbor’s mailbox?
  • When should my teen driver be added to my policy?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Insurance policy coverages for a Mercedes-Benz SLK-Class

Learning about specific coverages of insurance aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages found on most insurance policies.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for expenses for things like X-ray expenses, nursing services and prosthetic devices. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision – This will pay to fix damage to your SLK-Class resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like scraping a guard rail, driving through your garage door, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Liability – Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like medical expenses, court costs, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Comprehensive auto coverage – This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as hitting a bird, a broken windshield, hail damage, falling objects and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle from other drivers when they 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.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

More quotes. Lower rates.

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. In many instances, someone dropped liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal should be to get the best coverage possible at the best price, but do not skimp to save money.

We’ve covered some good ideas how you can reduce 2012 Mercedes-Benz SLK-Class insurance premium rates online. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers may even find the lowest priced insurance comes from a lesser-known regional company. Regional companies may only write in your state and offer lower prices than their larger competitors like State Farm, GEICO and Nationwide.

Lower-priced 2012 Mercedes-Benz SLK-Class insurance can be sourced online and from local agencies, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers may not offer price quotes online and these small insurance companies only sell coverage through independent insurance agents.

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