2006 Mercedes-Benz SLR McLaren Insurance Rates

Searching for lower insurance coverage rates for your Mercedes-Benz SLR McLaren? Locating low-cost insurance for a Mercedes-Benz SLR McLaren can turn out to be difficult, but you can use the following methods to save time.

There is a better way to shop for insurance coverage so you’re going to learn the best way to compare rates on a Mercedes-Benz and obtain the lowest price from local insurance agents and online providers.

Finding the best car insurance is not that difficult. If you have insurance now or are just looking to switch companies, you can use this information to reduce the price you pay and still get good coverage. Consumers only need an understanding of the best way to shop over the internet.

Why your insurance rates might be higher

Lots of factors are considered when pricing auto insurance. Some of the criteria are obvious such as your driving record, although some other factors are less apparent like your vehicle usage or how safe your car is.An important part of buying insurance is that you know the factors that are used to determine your policy premiums. When you understand what positively or negatively impacts your premiums, this enables you to make decisions that may result in much lower annual insurance costs.

The factors shown below are some of the items used by insurance companies to determine your prices.

  • Liability coverage – The liability coverage on your policy is the coverage that protects you if ever a court rules you are at fault for physical damage or personal injury to other. This coverage provides legal defense coverage starting from day one. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Having a spouse equates to better rates – Having a wife or husband may earn you lower rates when shopping for car insurance. Marriage is viewed as being more mature and insurance companies like that married drivers tend to file fewer claims.
  • Mature drivers pay less – Young drivers have been known to be careless and easily distracted when behind the wheel so they pay higher car insurance rates. Parents adding a teenage driver to your car insurance policy can really hurt. More mature drivers have been proven to be more responsible, tend to file fewer claims and get fewer tickets.
  • Car insurance claims cost money – If you tend to file frequent claims, you can expect higher premiums or even policy non-renewal. Auto insurance companies provide better rates to insureds who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Multiple policies with one company can save – Most car insurance companies allow a discount for people that buy multiple policies, otherwise known as a multi-policy discount. The discount can be ten percent or more. Even though this discount sounds good, it’s in your best interest to compare other insurance prices to guarantee you are still saving the most.
  • Policy add-ons add up – Insurance companies have many extra coverages that you can get tricked into buying but may not be useful. Coverages for replacement cost coverage, accident forgiveness, and term life insurance are probably not needed. They may sound like good ideas at first, but if you don’t need them eliminate the coverages to reduce your premium.
  • Prices also based on gender – Statistics demonstrate that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Women and men are responsible for at-fault accidents in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also get more serious tickets like reckless driving and DUI. Males from age 16 to 21 are several times more likely to be in an accident and therefore pay the highest rates.

Compare insurance rate quotes online

Shopping for lower insurance rates can be exhausting if you don’t utilize the best way to get rate quotes. You could waste a few hours talking to agents in your area, or you can stay home and use online quotes to get rate comparisons in just a few minutes.

Most car insurance companies participate in a marketplace where insurance shoppers submit their information once, and each company can provide price quotes determined by their information. This saves time by eliminating repetitive form submissions to each company. To find out how much you can save on insurance click here to start a free quote.

The only drawback to doing it this way is that consumers can’t choose which providers you want to price. If you would rather choose specific insurance companies to compare, we have a listing of insurance companies in your area. View list of insurance companies.

Which method you use is up to you, but double check that you are using the exact same information for each comparison quote. If you use different limits and deductibles on each one you will not be able to determine the best price for your Mercedes-Benz SLR McLaren.

Find discounts to get cheap insurance rates

The price of auto insurance can be rather high, but discounts can save money and there are some available that can dramatically reduce your bill. Some discounts will apply when you get a quote, but a few need to be requested specifically before they will apply.

  • First Accident Forgiveness – This one is not really a discount per se, but companies like Liberty Mutual and Geico will allow you to have one accident before raising your premiums if your claims history is clear for a certain period of time.
  • Low Mileage – Driving fewer miles could earn discounted insurancerates on garaged vehicles.
  • Save over 55 – Mature drivers can possibly qualify for reduced rates on SLR McLaren insurance.
  • Active Service Discounts – Being on active deployment in the military could trigger a small discount.
  • Memberships – Participating in qualifying clubs or civic groups can get you a small discount when getting a insurance coverage quote.
  • Defensive Driver Discounts – Taking a safe driver course could save 5% or more and make you a better driver.
  • Driving Data Discount – Policyholders that allow driving data submission to scrutinize where and when they drive by installing a telematics device such as State Farm’s In-Drive could possibly reduce rates as long as the data is positive.

A little disclaimer on discounts, some of the credits will not apply to the entire cost. A few only apply to the cost of specific coverages such as comp or med pay. Even though it may seem like you would end up receiving a 100% discount, you’re out of luck.

If you would like to see a list of insurers with the best insurance discounts, follow this link.

Tailor your insurance coverage to you

When choosing coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions may help you determine if you may require specific advice.

  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy full coverage?
  • Does insurance cover tools stolen from my truck?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is rental equipment covered for theft or damage?
  • Does my 2006 Mercedes-Benz SLR McLaren need full coverage?
  • Can I get a multi-policy discount?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Detailed coverages of your insurance policy

Knowing the specifics of a insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverage protection

Collision coverage covers damage to your SLR McLaren resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, hitting a mailbox, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your 2006 Mercedes-Benz SLR McLaren.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are identical to your policy’s liability coverage.

Comprehensive coverages

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as hitting a bird, a broken windshield, a tree branch falling on your vehicle, falling objects and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

Liability coverage protects you from damage or injury you incur to other people or property. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as loss of income, medical expenses, funeral expenses, legal defense fees and court costs. How much coverage you buy is up to you, but consider buying as much as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for funeral costs, dental work and X-ray expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Saving money makes a lot of cents

We just presented a lot of information how to save on 2006 Mercedes-Benz SLR McLaren insurance. The key concept to understand is the more you quote insurance coverage, the better your comparison will be. Consumers could even find that the lowest car insurance rates come from some of the smallest insurance companies.

More affordable insurance coverage can be sourced both online and with local insurance agents, so you need to shop insurance coverage with both in order to have the best price selection to choose from. There are still a few companies who do not provide rates over the internet and usually these smaller providers prefer to sell through local independent agents.

Consumers who switch companies do it for many reasons like not issuing a premium refund, high rates after DUI convictions, an unsatisfactory settlement offer or questionable increases in premium. Whatever your reason, finding a great new company is actually quite simple.

More tips and info about insurance coverage can be read by following these links:

Comments About 2006 Mercedes-Benz SLR McLaren Insurance

  1. Myesha Fields

    Here’s my info. I’m from New York City, NY. I compared lots of rates. Saved roughly $50 a month. State Farm was the cheapest option for me. I get a discount for insuring multiple vehicles. Online quotes are the way to go.

  2. Tomi George

    Cheap car insurance? What’s that? From New Orleans, LA. Quoted with AAA, Nationwide, and Western Auto Insurance for my SLR McLaren and I’m now saving $33 a month. I get multi-vehicle and multi-policy discounts.

  3. Donita Wright

    Lifelong resident of Reno, Nevada. Quoted rates from Auto-Owners, Sentry, and a few others for my Mercedes-Benz and am saving around $300 a year.

  4. Ivy Byers

    I found affordable 2006 Mercedes-Benz SLR McLaren insurance from Progressive in Pittsburgh, PA.

  5. Ellis Lindsey

    From northwest of Idaho Falls, ID. Compared rates from a lot of places. Saved darn near $70 a month. Allstate was the cheapest option for me. Online quotes are the way to go.

  6. Misha Herring

    Proud to be from San Antonio, Texas. Got rates from AAA, Nationwide, and a few others for my SLR McLaren and cut my rates about $250 a year. I get multi-vehicle and multi-policy discounts. I got a quote from their website.

  7. Gene Bowen

    Is 21st Century cheaper than AAA in Davenport, Iowa?

  8. Imelda Bishop

    Located in Boise, ID. Got free quotes online for a 2006 Mercedes-Benz SLR McLaren. Ended up at about $240 savings annually. Went with 21st Century. Hopefully won’t need it.

  9. Mariam Pittman

    Great site. I’m in the suburbs of Jersey City, NJ. Compared rates from a lot of places. Saved roughly $30 a month. Allstate was the most affordable for me.

  10. Mariella Tyler

    I’m from Nashville, TN. I got free rates from Liberty Mutual, Auto-Owners, Safeco, and a couple others for my Mercedes-Benz and I think I am saving around $70 each month.

  11. Lawrence Buckner

    Live in the southern part of Montgomery, AL. I don’t recall every quote but I ended up saving about $20 each month. A clean driving record helps.

  12. Sana Bridges

    2006 Mercedes-Benz SLR McLaren + Progressive = CHEAP! At least inRhode Island anyway.

  13. Nathaniel Schmidt

    It’s all a rip off. I live in a small town just outside of Concord, NH. Got car insurance prices from Allstate, Auto-Owners, Farmers, and GMAC for my 2006 Mercedes-Benz SLR McLaren and I’m now saving $60 a month. Left Erie to switch. I have a teen driver too. Might find lower rates online.

  14. Norman Young

    Anyone buy from AAA? I’m in Columbus, GA.

  15. Camelia Norris

    I’m in the east part of Tacoma, WA, and Progressive rates were best. Left Hanover to switch. Got better coverage too. Just go online and compare their rates.

  16. Alisha Buck

    Thought I’d throw in my experience. From south side of Wichita, Kansas. I got free quotes from Auto-Owners, Sentry, and some smaller one I can’t remember the name of for my Mercedes-Benz and saved just over $240 a year.