Help with insurance for 570s! - McLaren Life
 
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post #1 of 11 Old 03-26-2019, 11:47 PM Thread Starter
 
Join Date: Mar 2019
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Help with insurance for 570s!

I will be picking up a McLaren in the next 3 weeks or so. I will be driving it at the most of 3,000 miles a year.
Is there a particular company that you guys have found to have good rates for insuring a McLaren?
If you guys don’t mind... post how much you pay for to insure your McLaren and what company you use.
I was lucky with my Ariel Atom. I paid $500 a year to have it insured for a $100,000 car. I was shocked to see how cheap insurance was for my Ariel Atom.
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post #2 of 11 Old 03-27-2019, 12:20 AM
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Location: New Jersey
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Garage
$188/month @ State Farm for my 2013 Mp4-12c spider

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post #3 of 11 Old 03-27-2019, 02:23 AM
N55
 
Join Date: Apr 2018
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I was paying $177/mo

$2000 deductible

500/500
Full tort

State Farm.

2017 570s
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post #4 of 11 Old 03-27-2019, 03:29 AM
 
Join Date: Apr 2017
Location: Boston, MA
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Recommendation: my insurance broker, Morgan Duffy of Hayden Wood Insurance outside of Boston, has an entire practice devote to providing coverage of exotic and vintage automobiles. I think a good percentage of Ferrari Challenge drivers insure through him, and his company will help find great (and affordable) coverage for any interesting cars (and properties). They have a lot of PCA, FCA, BMW CCA guys as customers too, and a lot of members at Monticello, Thompson, etc. track clubs use them. Morgan personally drives a Scuderia and a 360 Challenge, and several other nice cars (I'm trying to get him to buy a McLaren).

http://haydenwood.com/

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post #5 of 11 Old 03-27-2019, 10:26 AM Thread Starter
 
Join Date: Mar 2019
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Thanks for the info guys..... the reason I asked is because I was curious as to if a specialty company (one who specializes in vintage or exotics) would have better rates. I figured if you insured via State Farm for example; they probably assume you drive the vehicle 15,000 miles a year while the other specialty insurance companies probably understand that most of these cars get driven much less than that.
When I insured my Ariel Atom.... they were able to give me a great rate given that I drove the car less than 5,000 miles a year.
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post #6 of 11 Old 03-29-2019, 03:00 AM Thread Starter
 
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Was able to get my Farm Bureau guy to write it into my normal policy for $122 month. Initially because it was a “high value” car they thought they would have to write it into a separate policy.
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post #7 of 11 Old Today, 03:03 AM
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Location: Roslyn, NY
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Hagerty charges me ~1% of agreed value as yearly premium

Eugene
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post #8 of 11 Old Today, 03:08 AM
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Location: Desert SW
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State Farm... $1600/yr

Dino

Ferrari F40, Challenge Stradale, TR, 348, Mondial, 308
March/Cosworth 88C
McLaren 570 S 'Track Pack'
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post #9 of 11 Old Today, 03:19 AM
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Really depends on age and driving history (duh...)

At 32 years old, Stare Farm is charging me $1900/yr for a 2012 MP4-12c for 250/500/100 and $1k deductible.
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post #10 of 11 Old Today, 12:43 PM
 
Join Date: Apr 2018
Location: SE Mass
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You will get the best rates with specialized carriers who will want to take most all of your policies. They will want to make sure your high value car is not a daily driver. They may want your homeowners too, or personal liability. My agency of the last 15 years struggled badly when my 570 arrived. Agent bound the policy and I got it registered, 2 weeks later I got a call not to drive it, not insured. They lied to cover their ass as they bound the car on their dime and did not have an underwriting carrier who would take it. Wanted to put me in an assigned risk pool for $6K+ year just for that car. Then insured my 07 GT3 RS for 50k. I had to dump them.

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post #11 of 11 Old Today, 01:01 PM
 
Join Date: Aug 2018
Location: Pittsburgh PA
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I just got mine from Erie insurance (I think only available in Pennsylvania) was about 850.00 yr with 1000 deductible.
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