Want the cheapest auto insurance rates for your Mercedes-Benz SLR McLaren? Comparing and finding low cost premium rates for auto insurance may be slightly frustrating for people who have little experience buying insurance online. There are so many choices that it can easily become a real difficult job to compare prices.
Shopping for lower insurance rates can take hours if you don’t understand the most efficient way. You can waste hours talking about coverages with agents in your area, or you could save time and use online quoting to accomplish the same thing much quicker.
Many of the larger companies participate in an industry program where prospective buyers enter their coverage request one time, and each company then returns a price quote for coverage. This prevents consumers from doing quote requests to every company.
To fill out one form to compare multiple rates now click here (opens in new window).
The one disadvantage to using this type of form is you cannot specify the insurers to get pricing from. So if you prefer to choose from a list of companies to compare, we put together a list of companies who write insurance in your area. Click here to view list.
Whichever way you use, double check that you are using nearly identical information for every company. If you compare different values for each quote it’s not possible to find the best deal for your Mercedes-Benz SLR McLaren. Just a small difference in insurance coverages can result in a big premium difference. And when comparison shopping, quoting more will enable you to find better pricing.
When buying proper insurance coverage, there is no “perfect” insurance plan. Each situation is unique.
For instance, these questions can help discover if you may require specific advice.
If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form.
Understanding the coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and coverage can change by endorsement.
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as prosthetic devices, nursing services, doctor visits, rehabilitation expenses and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Liability coverage can cover damage or injury you incur to people or other property. 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 policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability can pay for claims like emergency aid, medical expenses and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as hitting a bird, rock chips in glass, hail damage, theft and fire damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.
Collision coverage will pay to fix damage to your SLR McLaren caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims such as scraping a guard rail, crashing into a ditch and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.