Cheap 2014 Mercedes-Benz SLK-Class Insurance Rates

Are you kicking yourself for buying an expensive car insurance policy? Believe me, there are many people just like you. There is such a variety of car insurance companies to choose from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

Choosing the best insurance company for you is quite easy. If you currently have car insurance, you will be able to lower your premiums substantially using this information. Drivers just need to understand the best way to shop their coverage around on the web.

The quickest way to compare rate quotes is to know the trick most of the bigger providers have advanced systems to provide you with free rate quotes. To get started, all you need to do is provide the companies a bit of rating information including distance driven, if you’re married, your education level, and your job. Your details is automatically sent to multiple insurance coverage providers and they return cost estimate very quickly.

How to lower your insurance premiums

Lots of factors are used in the calculation when you get a price on insurance. Most are fairly basic such as traffic violations, but other factors are less obvious such as your marital status or your commute time.

  • Better premiums for uninterrupted coverage – Going without insurance is a fast way to increase your insurance rates. And not only will insurance be more expensive, the inability to provide proof of insurance will get you a fine, jail time, or a revoked license. You may have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Lower rates for married couples – Having a wife or husband may cut your premiums on your insurance policy. Marriage demonstrates that you tend to be more mature than a single person and insurance companies reward insureds because married drivers get in fewer accidents.
  • Vehicle options that cut prices – Owning a car with advanced anti-theft systems can save you some money. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent auto theft and help lower rates.
  • Rates impacted by your city – Living in a rural area is a positive aspect when buying insurance. Residents of big cities regularly have more auto accidents and a longer drive to work. Fewer drivers on the road translates into fewer accident claims and lower theft and vandalism rates.
  • Use credit responsibly and save – Credit rating can be a huge factor in calculating your premium rate. If your credit can use some improvement, you could pay less to insure your 2014 Mercedes-Benz SLK-Class if you clean up your credit. Consumers who have excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower ratings.
  • Incidental coverages are wasting money – There are quite a few additional extra coverages that you can get tricked into buying if you don’t pay attention. Coverages like rental car coverage, accident forgiveness, and Farm Bureau memberships may be costing you every month. These coverages may sound good at first, but if they’re wasting money eliminate the coverages to reduce your premium.
  • Filing insurance claims can increase rates – Auto insurance companies give lower rates to insureds that do not abuse their auto insurance. If you’re an insured who likes to file claims you can pretty much guarantee higher rates. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.

Do you qualify for discounts?

Car insurance companies do not advertise all their discounts in an easy-to-find place, so the next list breaks down some of the more common and also the lesser-known discounts you could be receiving when you buy insurance online.

  • Pay Early and Save – By paying your policy upfront instead of paying each month you can avoid monthly service charges.
  • Savings for New Vehicles – Adding a new car to your policy can save you some money compared to insuring an older model.
  • Military Deployment Discount – Being deployed with a military unit can result in better rates.
  • Early Signing – Some insurance companies give discounts for buying a policy prior to the expiration date on your current policy. This discount can save up to 10%.
  • Club Memberships – Affiliation with certain professional organizations is a simple method to lower premiums on insurance coverage.
  • E-sign Discounts – Some of the larger companies give back up to $50 just for signing your application on their website.
  • Driver Training Discounts – Participating in a driver safety course can save you 5% or more and also improve your driving technique.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that all the discounts add up to a free policy, it just doesn’t work that way.

Larger insurance coverage companies and some of the premium reductions they offer include:

  • Progressive has savings for online signing, continuous coverage, multi-vehicle, online quote discount, and homeowner.
  • AAA may include discounts for pay-in-full, multi-policy, anti-theft, multi-car, and good driver.
  • Farmers Insurance discounts include bundle discounts, switch companies, pay in full, good student, multi-car, teen driver, and distant student.
  • GEICO has discounts for driver training, anti-theft, military active duty, membership and employees, good student, federal employee, and multi-policy.
  • Esurance may have discounts that include good student, DriveSense, anti-theft, paid-in-full, homeowner, online shopper, and defensive driver.
  • SAFECO includes discounts for multi-car, accident prevention training, drive less, teen safe driver, and bundle discounts.
  • State Farm offers discounts for good driver, anti-theft, accident-free, driver’s education, good student, and defensive driving training.

Before buying, ask every prospective company which discounts can lower your rates. All car insurance discounts might not be offered in your state.

Don’t assume everyone needs the same insurance coverage

When it comes to buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might point out whether or not you would benefit from an agent’s advice.

  • What is no-fault insurance?
  • Is my dog or cat covered if injured in an accident?
  • What is UM/UIM insurance?
  • Does my policy cover my teen driver if they drive my company car?
  • Will I lose any money if I cancel my policy before it expires?
  • What is medical payments coverage?
  • What companies insure drivers after a DUI or DWI?
  • Which is better, split liability limits or combined limits?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Specific coverages for a Mercedes-Benz SLK-Class

Understanding the coverages of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages offered by car insurance companies.

Liability auto insurance – This coverage will cover damage or injury you incur to people or other property in an accident. This coverage 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, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for things such as repair costs for stationary objects, medical services, loss of income and court costs. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

UM/UIM Coverage – This coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family 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. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverages – Collision coverage pays for damage to your SLK-Class resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as scraping a guard rail, colliding with a tree, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Medical costs insurance – Med pay and PIP coverage kick in for expenses such as funeral costs, ambulance fees, surgery and EMT expenses. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like rock chips in glass, hail damage, a broken windshield, hitting a deer and damage from flooding. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Buy Smart and Save

When you buy insurance online, never sacrifice coverage to reduce premiums. Too many times, an insured dropped uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal is to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

Throughout this article, we presented a lot of ways to lower your 2014 Mercedes-Benz SLK-Class insurance prices. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. Drivers may discover the most savings is with a small mutual company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate or State Farm.

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