Cheap 2011 Mercedes-Benz SLK-Class Car Insurance Quotes in 2024

No car owner loves paying for insurance, especially when they are aware that their premiums are through the roof. Since you have so many options when it comes to insurance, it can be challenging to choose the most affordable insurance company.

Smart consumers take time to shop coverage around once or twice a year because insurance rates are rarely the same from one policy term to another. Just because you had the best deal on SLK-Class insurance a year ago the chances are good that you can find a lower price today. You can find a lot of information about insurance online, but in this article, you’re going to get some great ways to find affordable insurance.

Compare quotes for car insurance

Finding a better price on car insurance is not a difficult process. All you need to do is take time comparing price quotes to discover which company has cheaper insurance coverage quotes. Insurance prices can be quoted by using one of the methods below.

1. The first (and easiest) way consumers can make multiple comparisons is an all-inclusive rate comparison. This type of form keeps you from doing multiple quote forms for each company you want a rate for. One form will return quotes from several companies.
2. Another way to find lower rates is going to the website for each individual company and fill out their own quote form. For instance, we’ll pretend you want to compare prices for Auto-Owners, Esurance and Allstate. In order to compare rates, you need to visit each site and repeatedly type in your coverage information, which can take a lot of time.
3. The hardest method to find cheaper rates is going to each insurance agency near you. The internet eliminates the middleman unless you prefer the extra assistance of a local agent. If you prefer, some companies allow you to compare online quotes but purchase the actual policy in an agency.

However you get your quotes, be sure you’re using the same coverage limits and deductibles for each quote you get. If each company quotes different values for each quote it will be impossible to determine which rate is truly the best.

Lower rates by qualifying for discounts

Buying insurance coverage is not cheap, but you may be missing some discounts that you may not even be aware of. A few discounts will be applied at the time you complete a quote, but a few need to be requested specifically before you will receive the discount.

• Resident Student – Any of your kids who live away from home to go to college and leave their car at home could get you a discount.
• Savings for New Vehicles – Buying a new car model can save up to 30% since newer models are generally safer.
• Onboard Data Collection – Drivers who elect to allow driving data collection to scrutinize vehicle usage by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts if they have good driving habits.
• Early Switch Discount – A few larger companies offer discounts for switching companies before your current policy expires. Ten percent is about the average savings.
• Life Insurance Discount – Larger companies have a lower insurance coverage rate if you buy a life policy as well.
• Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can get savings of up to 25% or more.

It’s important to understand that some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will positively reduce your policy premium.

Companies and a selection of discounts are:

• GEICO offers discounts including anti-theft, membership and employees, driver training, air bags, seat belt use, defensive driver, and emergency military deployment.
• Mercury Insurance policyholders can earn discounts including good student, location of vehicle, good driver, anti-theft, accident-free, ease of repair, and professional/association.
• Farmers Insurance may include discounts for youthful driver, business and professional, pay in full, good student, electronic funds transfer, multi-car, and alternative fuel.
• Auto-Owners Insurance includes discounts for mature driver, good student, anti-theft, multi-policy, multiple vehicles, teen driver, and anti-lock brakes.
• Liberty Mutual has savings for exclusive group savings, preferred payment discount, multi-policy, hybrid vehicle, and new graduate.
• SAFECO may offer discounts for anti-theft, bundle discounts, homeowner, accident prevention training, multi-car, and drive less.
• Progressive discounts include homeowner, continuous coverage, multi-policy, multi-vehicle, and good student.
• USAA may have discounts that include multi-policy, defensive driver, military installation, vehicle storage, new vehicle, driver training, and good student.

When quoting, ask each company which discounts they offer. Some of the discounts discussed earlier might not be offered on policies in every state.

Insurance is unique, just like you

When buying adequate coverage, there really is no one size fits all plan. Everyone’s needs are different so your insurance needs to address that. For instance, these questions can help discover if your insurance needs will benefit from professional help.

• How do I buy GAP insurance?
• Do I have coverage when making deliveries for my home business?
• Why am I be forced to buy a membership to get insurance from some companies?
• Is my custom paint covered by insurance?
• Can my babysitter drive my car?
• Can I get a multi-policy discount for packaging my home and auto coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, fill out your zip code. It only takes a few minutes and you can get the answers you need.

Insurance policy coverages for a Mercedes-Benz SLK-Class

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2011 Mercedes-Benz SLK-Class.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, hitting a bird, hail damage and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability

This will cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like legal defense fees, repair costs for stationary objects, funeral expenses, emergency aid and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Coverage for collisions

This will pay to fix damage to your SLK-Class resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as crashing into a ditch, sustaining damage from a pot hole, rolling your car, scraping a guard rail and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like doctor visits, funeral costs, EMT expenses, ambulance fees and nursing services. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

One last thing

Lower-priced 2011 Mercedes-Benz SLK-Class insurance is possible on the web in addition to many insurance agents, so you need to shop insurance coverage with both in order to have the best price selection to choose from. There are still a few companies who may not offer online quoting and usually these smaller companies only sell coverage through independent insurance agencies.

When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where someone dropped physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.