Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 7, 2015

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Trying to find low-cost insurance for a Mercedes-Benz SLR McLaren could be a painful process, but you can learn a few tricks to make it easier.

There are both good and bad ways to compare insurance coverage rates and you need to know the absolute fastest way to compare rates for a new or used Mercedes-Benz and get the lowest possible price either online or from local insurance agents.

It’s a good idea to take a look at other company’s rates yearly because insurance coverage prices change frequently. Even if you think you had the best quotes on SLR McLaren insurance a couple years back you will most likely find a better rate today. Forget all the misinformation about insurance coverage because we’re going to demonstrate the proper way to lower your rates without sacrificing coverage.

Smart consumers know how to quote insurance cheaper

Lots of things are part of the equation when you get your auto insurance bill. Some factors are common sense like your driving record, although some other factors are more obscure like your vehicle usage or how financially stable you are.

  • Incidental coverages that aren’t used – There are a ton of additional coverages that sound like a good idea at the time when buying insurance. Things like vanishing deductibles, death and dismemberment, and term life insurance may be costing you every month. They may seem like a good idea initially, but if you’ve never needed them in the past eliminate them to save money.
  • Drivers with high credit save – Credit history is a big factor in calculating your insurance rates. If your credit can be improved, you could be paying less to insure your 2009 Mercedes-Benz SLR McLaren by improving your rating. People with excellent credit tend to be more responsible than those with bad credit.
  • Your employer is a factor – Jobs such as fire fighters, executives and miners tend to pay the highest average rates attributed to intense work-related stress and incredibly demanding work hours. Conversely, jobs like farmers, engineers and performers pay lower than average rates on SLR McLaren insurance.
  • Low physical damage deductibles can be expensive – Coverage for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Examples of covered claims are a broken windshield, vandalism, and rolling your vehicle. Your deductibles tell how much the insured will be required to pay if a claim is determined to be covered. The higher the amount you’re willing to pay, the less your insurance will be on SLR McLaren insurance.
  • Get hitched and get better costs – Having a spouse actually saves money when shopping for insurance. It usually means you are more mature and responsible and it’s proven that married couples file fewer claims.
  • Do males or females drive better? – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, this does not mean females are better drivers. Men and women cause accidents at about the same rate, but males have accidents that have higher claims. Men also tend to get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Male teenagers are the most expensive to insure and therefore pay the highest rates.
  • Reduce prices by driving safer cars – Safe vehicles tend to have better insurance rates. Vehicles engineered for safety reduce injuries and better occupant protection translates directly to fewer claims which can result in lower premiums. If your Mercedes-Benz SLR McLaren is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Liability limits are a factor – A critical coverage on your policy, liability insurance will afford coverage in the event that you are responsible for causing personal injury or damage in an accident. It provides legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.

Enter your zip code below to view companies that have cheap auto insurance rates.

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First Step: Get free auto insurance quotes

Finding a better price on auto insurance isn’t really that difficult. The only thing you need to do is spend a little time to compare free car insurance quotes provided by online insurance companies. Insurance prices can be quoted using one of these methods.

  1. Without a doubt, the easiest way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This method keeps you from doing boring form submissions for every company. One quote request gets insurance cost estimates from many national carriers. It’s definitely the quickest method.
  2. A different way to analyze rates requires visiting the website for every company you want to comare and get a separate price quote. For example, we’ll pretend you need rates from GEICO, Esurance and American Family. To find out each rate you need to go to each individual site and repeatedly type in your coverage information, which can be really labor intensive. For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but try to keep apples-to-apples coverages on every quote. If each company quotes mixed coverages then you won’t be able to decipher which rate is best.

Earn discounts on car insurance

Buying car insurance is not cheap, but you might be missing out on some discounts that can dramatically reduce your bill. Some discounts apply automatically when you get a quote, but some may not be applied and must be asked about in order for you to get them.

  • Smart Student Discounts – Maintaining excellent grades can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and will qualify for a discount on a car insurance quote.
  • Onboard Data Collection – Drivers who agree to allow driving data submission to study driving habits through the use of a telematics system such as State Farm’s In-Drive could see a rate decrease if they have good driving habits.
  • No Accidents – Insureds with no claims or accidents are rewarded with significantly better rates on car insurance quote as compared to drivers who are more careless.
  • Clubs and Organizations – Having an affiliation with qualifying employment or professional organizations could qualify you for a break on car insurance.
  • College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from home and don’t have a car may be able to be covered for less.
  • One Accident Forgiven – This one is not really a discount per se, but some insurance companies will allow you to have one accident before raising your premiums if you have no claims for a set time period.
  • Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in high school.

As a sidenote, many deductions do not apply to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, nobody gets a free ride. But all discounts should help reduce the premium cost.

To locate insurers that offer multiple discounts, click this link.

Tailor your insurance coverage to you

When choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out if you may require specific advice.

  • Are my friends covered when driving my car?
  • Are all vehicle passengers covered by medical payments coverage?
  • How high should deductibles be on a 2009 Mercedes-Benz SLR McLaren?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Am I better off with higher deductibles on my 2009 Mercedes-Benz SLR McLaren?
  • Does my policy pay for OEM or aftermarket parts?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and can help protect your family.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance coverages and their meanings

Knowing the specifics of insurance aids in choosing the right coverages for your vehicles. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

UM/UIM Coverage – This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz SLR McLaren.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Liability coverage – This coverage provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability can pay for claims such as bail bonds, pain and suffering, medical services, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive or Other Than Collision – This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverages – This coverage pays for damage to your SLR McLaren resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a building, damaging your car on a curb, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Medical costs insurance – Med pay and PIP coverage reimburse you for short-term medical expenses such as prosthetic devices, EMT expenses and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Find Good Coverage for Less

Affordable 2009 Mercedes-Benz SLR McLaren insurance can be found from both online companies in addition to local insurance agencies, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not provide online quoting and most of the time these small insurance companies provide coverage only through independent insurance agencies.

When searching for inexpensive car insurance quotes, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to discover later that the savings was not a smart move. The aim is to buy enough coverage at a price you can afford while not skimping on critical coverages.

People change insurance companies for any number of reasons including questionable increases in premium, an unsatisfactory settlement offer, high rates after DUI convictions and even policy non-renewal. Regardless of your reason for switching companies, finding the right auto insurance provider can be easy and end up saving you some money.

Additional detailed information can be found in the articles below: