2009 Mercedes-Benz SLR McLaren Insurance Quotes – 5 Ideas for Best Rates

Cutting costs on insurance can be challenging for consumers not familiar with buying insurance online. Consumers have so many options available that it can be a challenge to compare prices.

How to Compare Insurance Coverage Costs

There are several ways of comparing rates and find the best price. One of the best ways to find the lowest 2009 Mercedes-Benz SLR McLaren rates involves getting comparison quotes online. This can be accomplished using a couple different methods.

  1. Probably the best way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This form saves time by eliminating separate quotation requests for each company. Filling out one form gets rate comparisons from many national carriers.It’s the quickest way to get rates.
  2. A more difficult way to get comparison quotes is to take the time to go to each individual company website and complete a new quote form. For examples sake, let’s say you want to compare Allstate, State Farm and Progressive. To get rate quotes you would need to go to every website and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but compare the exact same coverage limits and deductibles on every quote you get. If you enter higher or lower deductibles you will not be able to determine the best price for your Mercedes-Benz SLR McLaren. Quoting even small variations in coverages can result in a big premium difference. And when comparison shopping, quoting more gives you a better chance of getting the best rates.

Save 15 percent in 15 minutes? Is it for real?

Insurance coverage providers like Allstate and Progressive continually stream television and radio advertisements. They all say the same thing about savings after switching to them. How can each company make almost identical claims? It’s all in the numbers.

All the different companies can use profiling for the driver that makes them money. A good example of a profitable customer might be profiled as between the ages of 40 and 55, is a homeowner, and has great credit. A propective insured that hits that “sweet spot” will get very good rates and is almost guaranteed to save quite a bit of money when switching.

Drivers who don’t measure up to the “perfect” profile must pay higher rates which leads to business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently state the savings.

This illustrates why you absolutely need to quote coverage with many companies. It’s not possible to predict which insurance companies will have the lowest Mercedes-Benz SLR McLaren insurance rates.

Are you getting all your discounts?

Insuring your vehicles can cost a lot, but you can get discounts to reduce the price significantly. Some trigger automatically when you complete an application, but lesser-known reductions have to be asked about in order for you to get them.

  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less for SLR McLaren coverage than their less cautious counterparts.
  • 55 and Retired – If you’re over the age of 55, you may qualify for a discount up to 10% for SLR McLaren coverage.
  • Accident Forgiveness – A few companies will forgive one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
  • Homeowners Pay Less – Owning a house can save you money because owning a home demonstrates responsibility.

A little note about advertised discounts, most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you could get a free auto insurance policy, you won’t be that lucky. Any qualifying discounts will bring down the amount you have to pay.

To see a list of companies with the best auto insurance discounts, click here.

When might I need an agent?

When it comes to buying adequate coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different.

These are some specific questions might point out if your situation would benefit from an agent’s advice.

  • Exactly who is provided coverage by my policy?
  • What discounts do I qualify for?
  • Does coverage extend to Mexico or Canada?
  • How can I get high-risk coverage after a DUI?
  • Do I need roadside assistance coverage?
  • Is my custom paint covered by insurance?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Car insurance coverage breakdown

Understanding the coverages of your car insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Collision insurance

Collision insurance will pay to fix damage to your SLR McLaren caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as colliding with another moving vehicle, sideswiping another vehicle, crashing into a ditch, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability car insurance

This provides protection from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as pain and suffering, attorney fees, medical expenses, funeral expenses and bail bonds. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses for pain medications, ambulance fees and doctor visits. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, vandalism and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 2009 Mercedes-Benz SLR McLaren.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

In any little way, save everyday

When you buy insurance online, do not sacrifice coverage to reduce premiums. There are too many instances where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage for the lowest price while still protecting your assets.

Consumers switch companies for any number of reasons including unfair underwriting practices, policy cancellation, poor customer service or even questionable increases in premium. It doesn’t matter what your reason, switching companies is less work than it seems.

Throughout this article, we presented a lot of techniques to get a better price on 2009 Mercedes-Benz SLR McLaren insurance. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Drivers may discover the biggest savings come from a small local company.

More detailed auto insurance information can be read in these articles: