6 Ways to Pay Less on Mercedes-Benz SLK320 Insurance

Nobody likes having to buy auto insurance, especially knowing the cost is too high.

There are many car insurance companies to purchase coverage from, and though it is a good thing to be able to choose, it can be more challenging to find the lowest rates.

Auto Insurance Prices

All the larger auto insurance companies give coverage price quotes online. The process is quite easy as you simply enter your required coverages into the quote form. After you complete the form, their rating system automatically retrieves information on your driving record and credit history and returns a price. Online price quotes makes it a lot easier to compare rates but the work required to visit several different sites and fill out multiple forms is monotonous and tiresome. Unfortunately, it is important to do this if you want to find the lowest price.

The quickest way to compare rates makes use of a single form that gets prices from several different companies. The form is fast, eliminates form submissions, and makes rate comparisons much more enjoyable. Once the form is submitted, it gets priced with multiple companies and you can pick your choice of the quotes that you receive. If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. This process can be completed in a matter of minutes and you will find out if you’re overpaying now.

To quickly compare pricing, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended you enter the coverage information exactly as they are listed on your policy. This makes sure you are getting a price comparison for exact coverage.

Coverage specifics

Understanding the coverages of your policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most auto insurance policies.

Liability auto insurance

This can cover damage or injury you incur to people or other property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims like court costs, repair costs for stationary objects, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.

Medical expense insurance

Med pay and PIP coverage kick in for bills for things like hospital visits, doctor visits and EMT expenses. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto collision coverage

Collision coverage covers damage to your SLK320 caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like scraping a guard rail, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz SLK320.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hail damage, damage from a tornado or hurricane, a tree branch falling on your vehicle, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.