McLaren Insurance
McLaren Car Insurance
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McLaren Insurance
Types of car insurance for a McLaren
McLaren cars aren’t vehicles anyone would describe as “standard”. After all, the cheapest McLaren will set you back more than £130,000. However, you still have the same three standard car insurance coverage options when insuring a McLaren. These are comprehensive, third party, fire and theft, or third party only insurance.
Comprehensive car insurance for a McLaren
Given how much a McLaren is worth, you won’t be surprised to learn that most owners will opt for comprehensive McLarens insurance.
This option means your McLaren is covered if it’s ever stolen or damaged in an accident. Something you’re unlikely to be able to do alone if, for example, you don’t get insurance for a McLaren 720.
Third party only McLaren insurance
This is the minimum level of insurance required by law. It is intended to protect other motorists and pedestrians – but not your own car.
A third party only policy is not one most McLaren owners are likely to choose. It would mean covering the cost of repairing or replacing their McLaren themselves if they were involved in an accident that they caused.
Third party, theft and fire car insurance
This type of McLaren insurance would give you the same protection as third-party only cover, as well as covering your car for theft or fire. However, damage to the car in an accident still wouldn’t be covered.
Additional coverage available for a McLaren
How can I get the cheapest McLaren insurance quotes?
If you want to know what is the cheapest McLaren insurance, it’s advisable to compare policies. If you spent £100,000 or £200,000 on your McLaren, you’re going to want to make sure your car has the best possible insurance cover. That means basing your decision entirely on price might not be the best approach. Because even if you are able to find cheap McLaren insurance quotes, can you be sure that policy will give you the protection you need? But there are still steps you can take to reduce your premiums, without compromising on your coverage.
Lower your annual mileage
Drivers with higher mileage have a higher risk of being involved in an accident. So if you’re able to cut your mileage down you could benefit from cheaper quotes.
Improve your car’s security
Most McLarens have top-notch security features. But there could still be a few additional ones you could consider installing to bring your premium down.
For instance, a vehicle tracker could result in lower premiums because it makes it much more likely the car will be recovered if it’s stolen.
Some insurers may also offer lower premiums if you have a dashcam fitted. This is because they can help to figure out who caused an accident.
Avoid car modifications
McLaren cars are already high-performance vehicles. So it’s unlikely most McLaren owners will want to have the engine remapped or the suspension lowered.
But even getting your windows tinted could affect your premiums. So it’s best to avoid aesthetic or performance enhancing modifications if possible.
Add another driver to your policy
If you’re a younger driver it might be worth allowing an older, more experienced driver to borrow your McLaren occasionally, because this could bring your premium down. Just make sure that the older driver has a clean driving record.
Pay your insurance premiums annually
When you pay for your insurance on a monthly basis you’ll be charged an interest rate on those monthly repayments. So your overall insurance costs will be cheaper if you pay annually.
Increase the voluntary excess on your policy
Be careful with this one, because you still need to make sure you can afford the excess if you do have to claim. However, opting for the highest excess you are comfortable with could get you slightly cheaper quotes.
Only choose the level of coverage you need
Insurers will often offer optional extras like legal cover, breakdown cover and windscreen cover. If you don’t need these addons then you could get a cheaper quote by leaving them off.
Shop around and compare McLaren insurance quotes
Don’t assume the insurance company you used last year will be the cheapest this year. And don’t assume that an insurer that specialises in McLaren insurance will offer the cheapest McLaren insurance quotes.
The key is to shop around, compare quotes from lots of different insurance companies, and then decide on which one is offering the best coverage at the best price.
How much does it cost to insure a McLaren?
It’s not going to be cheap, because the car itself is worth a lot of money. This means any insurance payout would be high if your car was ever stolen or damaged in an accident. McLaren insurance prices also vary based on more than just your car’s model. For quick access to personalised quotes, compare McLaren insurance now with our simple quote form.
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McLaren car insurance groups
McLarens are high-performance cars, which means they all fall into the highest possible car insurance group (50), which is another reason they can cost quite a lot to insure.
McLaren P1 insurance group
With just 375 of the original McLaren P1 produced, this model is a highly valuable sports car that is categorised into insurance group 50.
McLaren 570S insurance group
The McLaren 570S, its “entry-level” equivalent (the McLaren 540C), and its top-of-the-line supercar variant (the McLaren 600LT), are all categorised under car insurance group 50.
McLaren 720S insurance group
If you want to know how much is insurance on a McLaren 720s you only have to look at its insurance group. The McLaren 720S is one of McLaren’s most high-performance production cars, so it should come as no surprise that it also falls into insurance group 50. McLaren 720s insurance cost is therefore some of the highest there is.
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*51% of consumers could save £523.47 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next six cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.