Drivers Discover Savings on Mercedes-Benz SLK55 AMG Insurance

Have you fallen victim to an underperforming, overpriced auto insurance policy? Trust us when we tell you you’re not alone. Insurance companies such as GEICO and Progressive increase brand awareness with TV and radio ads and consumers find it hard to ignore the flashy ads and effectively compare rates to find the best deal.

These factors can influence what you pay for Mercedes-Benz SLK55 AMG insurance

Consumers need to have an understanding of some of the elements that come into play when calculating the price you pay for auto insurance. Knowing what determines base rates enables informed choices that can help you get lower auto insurance prices.

The list below includes some of the items auto insurance companies consider when setting your rates.

Don’t sacrifice liability coverage – The liability section of your policy will protect you if a jury decides you are liable for causing damage or personal injury in an accident. Liability provides for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
Better credit scores mean better rates – Your credit history is a big factor in your rate calculation. So if your credit history is not that good, you could pay less to insure your Mercedes-Benz SLK55 AMG by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have lower credit scores.
Do you qualify for a multi-policy discount? – Many auto insurance companies will give a discount to customers who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. If you currently are using one company, you may still want to compare rates to make sure you are getting the best deal. You may still find a better deal by buying auto insurance from a different company.
Tickets mean higher rates – A bad driving record impacts your car insurance rates tremendously. Even one ticket may increase your cost twenty percent or more. Drivers with clean records receive lower rates than bad drivers. If you have serious violations such as hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
Do you know your deductibles? – Physical damage coverage, also known as collision and other-than-collision, protects your Mercedes-Benz from damage. Some instances where coverage would apply would be running into the backend of another car, collision with an animal, and windstorm damage. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket in the event of a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be for SLK55 AMG insurance.
Males pay more for insurance – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Both sexes are in accidents in similar percentages, but men have costlier accidents. Men also have more aggressive citations such as reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and therefore have the most expensive auto insurance rates.
Is your vehicle built for speed? – The performance of the vehicle you are buying insurance for makes a significant difference in your rates. Due to the fact that the Mercedes-Benz SLK55 AMG is classified as a luxury sports car, insuring your vehicle will cost up to twice as much when compared to the average rates. Economy passenger vehicles generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.
Optional equipment can affect rates – Choosing a vehicle with an alarm system can get you a discount on your auto insurance. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.

Which Auto Insurance is Cheapest?

All major auto insurance companies like State Farm, GEICO and Progressive provide coverage price quotes online. Getting online quotes doesn’t take much effort as you simply enter the coverage amounts you desire as detailed in the form. When the form is submitted, the company’s rating system automatically retrieves information on your driving record and credit history and quotes a price. Being able to quote online makes it a lot easier to compare rates but the work required to visit each company’s website and repetitively enter the same data into a form can get tiresome after awhile. But it’s absolutely necessary to have as many quotes as possible in order to get a lower rate.

The smarter way to find better auto insurance pricing makes use of a single form that analyzes rates from more than one company. The form is fast, helps eliminate reptitive entry, and makes online quotes much more enjoyable. Immediately after you send the form, it is quoted and you can choose your choice of the price quotes you receive. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. The whole process takes 15 minutes at the most and you’ll know if lower rates are available.

To quickly find out how much you can save on auto insurance, click here and input your coverage information. If you have a policy now, it’s recommended you copy coverages and limits identical to your current policy. This helps ensure you will be getting a rate comparison for similar insurance coverage.

Drivers who switch save $411 a year? Really?

Consumers can’t get away from ads for car insurance savings from the likes of State Farm, GEICO and Progressive. They all say the same thing that you can save if you change your coverage to them.

How do they all claim to save you money? This is how they do it.

Different companies have a certain “appetite” for the driver they prefer to insure. For instance, a profitable customer could possibly be between the ages of 40 and 55, owns a home, and has excellent credit. A customer getting a price quote who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Potential customers who don’t meet these standards will be charged a higher premium which usually ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently claim big savings. That is why it is so important to quote coverage with many companies. It’s impossible to know which insurance companies will fit your personal profile best. car insurance quote

Verify you’re getting all your discounts

Companies that sell car insurance do not advertise all available discounts very clearly, so here is a list both the well known and the harder-to-find discounts you could be receiving. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

Drivers Ed for Students – Have your child take driver’s ed class in school.
55 and Retired – Older drivers may receive better auto insurance rates for SLK55 AMG insurance.
Multiple Cars – Having all your vehicles on the same auto insurance policy could earn a price break for each car.
Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up to age 25.
Paperless Signup – Some insurance companies will give a small break just for signing your application on their website.
Payment Method – If you pay your bill all at once rather than paying monthly you could save up to 5%.

Consumers should know that some credits don’t apply to the entire cost. Most cut specific coverage prices like liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way.

To choose companies with discount auto insurance rates, click this link.

What about my local agents?

A small number of people would rather get advice from a local agent. Agents are trained to spot inefficiencies and help you file claims. The best thing about comparing insurance prices online is you may find the lowest rates and still choose a local agent.

After filling out this quick form, the quote information gets sent to local insurance agents who will return price quotes for your coverage. You never need to visit any agencies because quoted prices will be sent immediately to your email address. Now that’s easy!

Deciding on a company requires more thought than just a cheap price. Any agent should be forthright in answering these questions:

Did they already check your driving record and credit reports?
What insurance company do they write the most business with?
Does the agency have a good rating with the Better Business Bureau?
How often do they review policy coverages?
Do they regularly work with personal auto policies?
Will your rates increase after a single accident?
Will vehicle repairs be made with aftermarket parts or OEM replacement parts?

Independent or Captive: It’s your choice

If you’re trying to find a local agent, you must know there are a couple different agency structures from which to choose. Insurance agencies are either independent or captive. While both can write coverage properly, but it’s worth learning the differences because it can influence your agent selection.

Captive Insurance Agents

These agents have only one company to place business with and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to shop your coverage around so it’s a take it or leave it situation. Captive agencies are well schooled on their products and sales techniques which can be an advantage.

Independent Insurance Agents

Independent insurance agents are not required to write business for one company but rather can write business with multiple insurance companies and potentially find a lower price. To move your coverage to a new company, they simply move the coverage in-house and that require little work on your part.

When shopping rates, it’s a good idea to get quotes from multiple independent agents to have the most options to choose from.

For a complete listing of auto insurance agents, click here.

Once you have reasonable responses to your questions and locked in a price quote, you’ve probably found an insurance agency that will provide auto insurance coverage.

When might I need an agent?

When buying the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions might point out if you may require specific advice.

Why am I required to buy high-risk coverage?
Can my teen driver be rated on a liability-only vehicle?
Is business property covered if stolen from my car?
Do I need motorclub coverage?
Are split liability limits better than a combined single limit?
Why am I required to get a high-risk car insurance policy?
Should I buy additional glass protection?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Better coverage you can count on

Lower-priced Mercedes-Benz SLK55 AMG insurance is attainable on the web and with local insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not offer online quoting and many times these small, regional companies only sell through independent insurance agents.

Throughout this article, we presented a lot of information how to save on Mercedes-Benz SLK55 AMG insurance. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the most savings is with the smaller companies. They can often insure niche markets at a lower cost than the large multi-state companies such as GEICO and State Farm.