2014 Mercedes-Benz SLK-Class Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 10, 2024

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Buying low-cost auto insurance might seem challenging for consumers that are not comfortable with quoting and comparing rates on the web. With such a large number of agents and online companies available, how are we expected to effectively compare every company in order to find the best price?

Consumers should take time to compare rates at least once a year because insurance rates fluctuate regularly. Even if you think you had the lowest rate for SLK-Class coverage on your last policy there is a good chance you can find better prices now. Block out anything you think you know about auto insurance because you’re about to learn one of the best ways to properly buy coverages while reducing your premium.

Compare insurance coverage rates

Performing a rate comparison can be a daunting task if you don’t utilize the fastest way to get free quotes. You can spend countless hours driving to insurance companies in your area, or you could save time and use the web for quick rates.

The majority of car insurance companies participate in an industry program where insurance shoppers submit their information once, and each participating company can give them a price based on that data. This saves time by eliminating repetitive form submissions for each company.

To compare pricing enter your zip code here.

The one downside to doing it this way is that you can’t choose which companies to get pricing from. If you wish to select from a list of companies to receive pricing from, we put together a list of companies who write insurance coverage in your area. Click to enter zip code for insurance companies.

It doesn’t matter which method you choose, just do your best to use the same coverage limits on every quote. If your comparisons have different values for each quote it will be very difficult to make a fair rate comparison. Slightly different insurance coverages could mean much higher rates. And when quoting insurance coverage, remember that comparing a wide range of rates increases the change that you will find the best price.

Discounts for lower-cost car insurance rates

Insuring your fleet can be pricey, but companies offer discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time of quoting, but a few need to be specially asked for before you will receive the discount.

  • Membership in Organizations – Joining specific professional or occupational memberships or organizations can get you a small discount on your bill.
  • Renewal Discounts – Some larger companies provide a discount for switching companies prior to the expiration date on your current policy. It’s a savings of about 10%.
  • Air Bags and Passive Restraints – Cars that have air bags and/or automatic seat belt systems can receive discounts of 20% or more.
  • Sign Online – Some of the larger companies may give you up to $50 get insurance coverage online.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and earn discounts up to 10% off your insurance coverage quote.

Just know that some of the credits will not apply to the whole policy. Most cut individual premiums such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

To view car insurance companies with discount car insurance rates, enter your zip code here.

You may need specialized insurance coverage coverage

When choosing coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different.

These are some specific questions can aid in determining whether or not you might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • Do I have coverage when using my vehicle for my home business?
  • What is the ISO rating for a 2014 Mercedes-Benz SLK-Class?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I afford to pay high deductible claims out of pocket?
  • Do I pay less for low miles?
  • Is my cargo covered for damage or theft?
  • Does my personal policy cover me when driving out-of-state?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete your zip code.

Eight tips to get cheaper insurance prices

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that come into play when calculating the rates you pay for car insurance. If you have some idea of what determines premiums, this empowers consumers to make smart changes that can help you get much lower annual insurance costs.

The following are some of the items that factor into your prices.

  • Deter vehicle theft – Owning a car with an alarm system can earn a premium discount. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your car from being stolen.
  • High policy claims frequency drives up car insurance rates – If you are a frequent claim filer, you should expect either a policy non-renewal or much higher rates. Auto insurance companies provide the best rates to people who do not rely on their insurance for small claims. Your car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Cheaper rates by bundling – Some companies afford discounts for people who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s always a smart idea to compare other insurance prices to guarantee you are still saving the most. Drivers may still find a better deal by buying car insurance from a different company.
  • Gender is a factor – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Both sexes cause accidents in similar percentages, but males cause more damage and cost insurance companies more money. Men also tend to receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
  • Getting married reduces risk – Your spouse actually saves money on your car insurance bill. Having a significant other demonstrates that you tend to be less irresponsible it has been statistically shown that drivers who are married file infrequent claims.
  • Never go without car insurance – Letting your insurance expire is a quick way to increase your renewal premiums. In addition to paying higher premiums, getting caught without coverage might get you a steep fine or even jail time.
  • Age of drivers impacts premiums – Teenage drivers are known to be less responsible when at the wheel of a vehicle so car insurance rates are higher. Adding a first-time driver to your policy can cause a big jump in price. More mature drivers are viewed as being more responsible, cost insurance companies less in claims and are safer drivers.
  • Save by driving cars with good safety ratings – Vehicles with high crash test scores get lower rates. Safe vehicles reduce occupant injuries and reduced instances of injuries means less money paid by your insurance company and more competitive rates for policyholders. If your Mercedes-Benz is rated at least four stars on Safercar.gov it may be receiving lower rates.

Car insurance policy coverages for a Mercedes-Benz SLK-Class

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision 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 things like sustaining damage from a pot hole, hitting a mailbox, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Mercedes-Benz SLK-Class.

Since a lot of 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 is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for immediate expenses like rehabilitation expenses, nursing services and ambulance fees. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance – Liability coverage can cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims such as court costs, funeral expenses, repair costs for stationary objects and medical services. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as rock chips in glass, falling objects and hail damage. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Take this to the bank

Budget-friendly insurance can be found on the web and from local insurance agents, so you need to shop insurance coverage with both so you have a total pricing picture. Some insurance companies do not provide online rate quotes and usually these regional insurance providers only sell through independent agencies.

When searching for the cheapest insurance coverage quotes, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.

People change insurance companies for a variety of reasons including lack of trust in their agent, extreme rates for teen drivers, questionable increases in premium or not issuing a premium refund. No matter why you want to switch, choosing a new company is not as hard as you think.

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