2009 Mercedes-Benz SLR McLaren Car Insurance Quotes – 6 Tricks for Best Rates

Looking for cheaper auto insurance rates for your Mercedes-Benz SLR McLaren? If you’ve never shopped for insurance coverage quotes online, chances are good that you are bewildered due to the large number of companies who all claim to have the lowest rates.

It’s smart to quote other rates on a regular basis because prices go up and down regularly. Even if you think you had the lowest rates for SLR McLaren insurance a year ago there may be better deals available now. Ignore everything you know about auto insurance because you’re about to find out the fastest way to properly buy coverages while reducing your premium.

Choosing the best insurance company for you is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these methods. But drivers should learn the methods companies use to determine prices and apply this information to your search.

Which auto insurance is cheapest?

To find the best auto insurance quotes, there are several ways of comparing price quotes from companies that offer auto insurance in your state. One of the best ways to find the lowest 2009 Mercedes-Benz SLR McLaren rates involves getting comparison quotes online. This can be done in a couple of different ways.

The most efficient way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing separate forms for each company you want a rate for. Completing one form will get you price quotes from all major companies.It’s the quickest way to get rates.

A more time consuming way to get comparison quotes requires you to visit each company website and go through the quote process again. For examples sake, we’ll pretend you want to get rates from GEICO, Safeco and Farmers. To find out each rate you need to spend time on each company’s site and repeatedly type in your coverage information, which is why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

The last method to compare rates to different agent offices. Shopping for auto insurance online has reduced the need for local agents unless you require the professional abilities that only a licensed agent can provide. Drivers can get prices online but have your policy serviced through an agent.

It’s your choice how you get your quotes, but be sure to compare the exact same coverage limits and deductibles on every quote. If each company quotes different data you will not be able to determine which company has the best rates. Just a small difference in coverage limits can result in a big premium difference. Just remember that comparing more quotes helps you find better pricing.

Insurance companies are expert advertisers

Insurance companies such as Progressive, Allstate and GEICO continually stream ads in print and on television. They all say the same thing that people will save if you switch your policy. How does every insurance company offer drivers better rates? It’s all in the words they use.

Insurance companies quote their cheapest rates for the type of customer that earns them the most money. An example of a driver they prefer may be between the ages of 30 and 45, has never had a policy lapse, and the vehicle is rated for pleasure use. Any person who matches that profile will get very good premium rates and therefore will save when they switch companies.

Consumers who do not match these criteria will see more expensive rates which usually ends up with business not being written. The ads state “people who switch” but not “everyone who gets a quote” save money. That is how insurance companies can confidently make those claims. This really emphasizes why you absolutely need to get as many free insurance coverage quotes as possible. It’s just too difficult to predict the company that will have the best rates.

Auto insurance discounts are available to slash your rates

Properly insuring your vehicles can get expensive, but there are discounts available that many consumers don’t even know exist. Larger premium reductions will be automatically applied at quote time, but some must be specially asked for before you get the savings.

  • Safety Course Discount – Participating in a defensive driver course could save 5% or more and also improve your driving technique.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. This discount can apply up to age 25.
  • Early Renewal Discounts – A few larger companies give discounts for buying a new policy before your current expiration date. It’s a savings of about 10%.
  • Multiple Cars – Insuring all your vehicles with the same auto insurance company can get a discount on all vehicles.
  • Telematics Devices – Drivers who agree to allow driving data submission to analyze driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks as long as the data is positive.
  • Driver’s Education for Students – Cut your cost by having your teen driver participate in a local driver’s education class in school or through a local driver safety program.

Policy discounts save money, but some credits don’t apply the the whole policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you could get a free auto insurance policy, you’re out of luck. Any amount of discount should help lower the cost of coverage.

Large auto insurance companies and some of the premium reductions they offer can be found below.

  • State Farm has discounts for good driver, defensive driving training, passive restraint, safe vehicle, and multiple autos.
  • Nationwide offers premium reductions for business or organization, anti-theft, family plan, easy pay, accident-free, Farm Bureau membership, and defensive driving.
  • GEICO offers discounts for good student, multi-policy, military active duty, air bags, anti-theft, and defensive driver.
  • AAA has savings for pay-in-full, anti-theft, multi-policy, AAA membership discount, education and occupation, good driver, and good student.
  • 21st Century may include discounts for teen driver, 55 and older, driver training, homeowners, anti-lock brakes, and early bird.
  • The Hartford discounts include good student, vehicle fuel type, anti-theft, bundle, and defensive driver.

When getting free insurance coverage quotes, it’s a good idea to every insurance company how many discounts you can get. Some discounts might not be offered on policies in your state.

Everyone needs different insurance coverages

When it comes to choosing coverage, there really is not a cookie cutter policy. Everyone’s situation is unique.

For instance, these questions can help discover whether you might need professional guidance.

  • Am I covered if I drive in a foreign country?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need higher collision deductibles?
  • Do I have newly-aquired coverage?
  • Does my 2009 Mercedes-Benz SLR McLaren need full coverage?
  • Is there coverage for injuries to my pets?
  • When should I not file a claim?
  • How high should my uninsured/underinsured coverage be in my state?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form.

Insurance coverage basics

Knowing the specifics of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Liability

This coverage can cover damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against things like structural damage, repair costs for stationary objects, pain and suffering, legal defense fees and bail bonds. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as dental work, EMT expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Auto collision coverage

Collision coverage pays for damage to your SLR McLaren from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, damaging your car on a curb, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive auto coverage

This 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 then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, a tree branch falling on your vehicle and hitting a bird. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Pennies from heaven

Throughout this article, we presented many ways to compare 2009 Mercedes-Benz SLR McLaren insurance premium rates online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper insurance coverage. Drivers may discover the best price on car insurance is with a smaller regional carrier.

Consumers change insurance companies for a number of reasons such as delays in responding to claim requests, delays in paying claims, poor customer service or even high prices. Regardless of your reason, finding the right car insurance provider can be easier than you think.

As you go through the steps to switch your coverage, don’t be tempted to buy poor coverage just to save money. In many cases, an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your goal is to find the BEST coverage for the lowest cost while not skimping on critical coverages.

Additional car insurance information is available at the links below