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Things to Know About Insuring McLaren Vehicles

Insuring a McLaren, or any high-performance sports car, tends to be a different experience from insuring a standard vehicle. Given that McLarens are luxury vehicles often valued at several hundred thousand dollars (and sometimes more), insurance companies assess the risks and premiums accordingly. Here are some factors and tips that you might find useful when insuring a McLaren:

1. High Premiums

  • Expensive to Insure: McLaren vehicles are typically expensive to insure due to their high value and repair costs.
  • Risk Factors: Insurers often consider the high-performance nature of McLarens to be a higher risk for accidents and thus charge more.

2. Limited Availability

  • Specialty Insurance: Due to the high value, not all insurance companies will insure McLarens; you may need to work with a specialty insurer.
  • Agreed Value: Ensure the insurer agrees on the value of the car upfront, particularly for exotic and luxury vehicles, to avoid depreciation losses.

3. Coverage Considerations

  • Comprehensive Coverage: Opting for comprehensive coverage is crucial for high-value vehicles like McLarens.
  • Collision Coverage: Given repair costs, having robust collision coverage is also typically recommended.
  • Liability Coverage: With a high-performance vehicle, ample liability coverage is also wise to protect against claims from others.

4. Driving Record

  • Impact on Premiums: Your driving record will significantly impact your insurance premiums, especially with a luxury vehicle.
  • Experience: Some insurers may inquire about your experience with driving high-performance vehicles.

5. Usage

  • Mileage Limits: Specialty insurers might impose mileage limits or offer reduced rates for limited use.
  • Storage: Ensure you have suitable storage for the vehicle, as secure storage can sometimes reduce insurance premiums.

6. Customizations and Repairs

  • Parts and Labor: Recognize that the cost of parts and specialized labor will be higher for McLarens, affecting repair costs and therefore premiums.
  • OEM Parts: Ensure your policy specifies the use of original equipment manufacturer (OEM) parts for any repairs.

7. Classic Models

  • Classic Car Insurance: If your McLaren is a classic model, it might qualify for classic car insurance, which can have different stipulations and premiums.
  • Appraisals: Periodic appraisals may be needed to adjust the agreed-upon insured value over time.

8. Discounts and Deductibles

  • Higher Deductibles: Opting for a higher deductible may help to lower your premium.
  • Discounts: Explore potential discounts, such as multi-vehicle, safe driver, or club membership discounts.

9. Insurance Claims

  • Claim Handling: Investigate how insurers handle claims and their reputation for servicing high-value vehicle claims.
  • Replacement Value: Check how the insurer calculates and offers replacement value in total loss scenarios.

10. International and Track Coverage

  • Track Use: If you intend to use your McLaren on the track, inquire about track day insurance.
  • International Coverage: Ensure you have coverage for international shipping or driving if you plan to take your McLaren abroad.


When insuring a McLaren, collaborating with an insurance broker who specializes in luxury and high-performance vehicles can be immensely valuable. Such brokers understand the nuances of insuring such vehicles and can help navigate the complexities of obtaining optimal coverage.

Do McLaren Vehicles Cost More to Insure than Other Brands?

Yes, McLaren vehicles typically cost more to insure than many other brands, and there are several reasons behind this:

1. High Vehicle Value:

  • Expensive Models: McLarens are high-performance, luxury vehicles that often come with a hefty price tag. Models can range from several hundred thousand dollars to over a million in some cases.
  • Replacement Cost: The high value of the vehicle directly influences the cost to replace it in the event of a total loss, increasing premiums.

2. Repair and Parts Costs:

  • Exotic Parts: McLarens require specific, often exotic parts that can be expensive and sometimes difficult to source.
  • Specialized Repair: The labor to repair McLarens is specialized and often costs more than that for standard vehicles.

3. Performance and Risk:

  • High-Performance: McLarens are high-performance vehicles designed for speed, which insurers often associate with an increased risk of accidents or claims.
  • Target for Theft: High-value vehicles like McLarens can also be more attractive to thieves, further heightening risk from an insurance perspective.

4. Limited Production:

  • Scarcity: McLarens are produced in limited quantities, making them relatively scarce and thereby increasing their value and replacement cost.
  • Collector’s Items: Certain models can even be considered collector’s items, which might need specialized insurance products.

5. Driver Profile:

  • Demographics: McLaren drivers often fit a particular demographic that may influence insurance premiums, depending on factors like driving history and location.
  • Usage: How and where the vehicle is used will also influence insurance costs – for instance, daily drivers versus show cars.

6. Specialty Insurance:

  • Niche Market: McLarens often require specialty insurance due to their unique characteristics and high value.
  • Agreed Value Policies: Owners often opt for agreed value policies to safeguard against depreciation, which can be costlier.

7. Comparisons:

  • Luxury Brands: While McLarens are among the most expensive vehicles to insure, other high-value brands like Ferrari, Lamborghini, and Bugatti also demand high premiums.
  • Mainstream Brands: Compared to mainstream brands (e.g., Toyota, Ford), McLaren insurance premiums are significantly higher due to the aforementioned factors.

8. Customizations:

  • Enhancements: Customizations and enhancements, common with luxury vehicle owners, can further elevate the vehicle’s value and, by extension, insurance premiums.


While McLarens are indeed more costly to insure compared to many other brands, exact premiums can vary based on various factors, including the specific model, the driver’s profile, location, and usage. Prospective McLaren owners should consult with insurance brokers experienced in high-value vehicles to navigate through the nuances and secure appropriate coverage.

Insurance costs for a McLaren vs. competitor supercar brands

Average yearly insurance costs for specific models from McLaren, Ferrari, and Lamborghini in 10 different cities in Ontario. The models chosen here are popular or relatively recent releases from each brand.

Models Chosen:

  • McLaren: McLaren 720S
  • Ferrari: Ferrari F8 Tributo
  • Lamborghini: Lamborghini Huracan Evo

Hypothetical Insurance Cost Table:

No.CityMcLaren 720S ($)Ferrari F8 Tributo ($)Lamborghini Huracan Evo ($)

The Average Cost of McLaren Car Insurance in Canada?

Mclaren 570S Racing Car

Driver Profile:

  • Age: 35
  • Gender: Male
  • Driving Experience: 15 years
  • Claims History: No claims in the last 5 years
  • Usage: Personal, approximately 10,000 km/year
  • Additional Drivers: None

Vehicle Profile:

  • Model: McLaren 720S
  • Usage: New, primary vehicle
  • Financing: Owned, not leased or financed

Average Annual Insurance Costs:

No.ProvinceAnnual Insurance Cost (CAD)
3.British Columbia9,000
7.Nova Scotia7,700
8.New Brunswick7,200
10.Prince Edward Is.7,300
11.Northwest Terr.8,000

McLaren Model Factors that Lower Auto Insurance Costs

Certain characteristics and features of McLaren models can potentially impact auto insurance costs favorably. While McLarens are luxury supercars and generally come with high insurance premiums due to their high value, performance capabilities, and repair costs, there are aspects that might help to mitigate these costs to some extent.

1. Safety Features

  • Advanced Safety Technology: McLarens come with advanced safety features, such as anti-lock brakes, stability control, and advanced airbag systems, which can potentially lower insurance premiums.
  • Driver Assistance: Features like parking sensors, rear-view cameras, and other driver assistance systems may be considered by insurers.

2. Anti-Theft Devices

  • Security Systems: McLarens are equipped with sophisticated anti-theft and security systems, which can reduce the risk of theft and potentially impact insurance costs positively.
  • Location Tracking: GPS tracking systems that assist in locating the car in the event of theft could also be a favorable factor.

3. Low Mileage

  • Limited Use: Many McLaren owners use their vehicles sparingly, limiting annual mileage, which can sometimes result in lower insurance premiums.
  • Stored Safely: Often, such high-value vehicles are stored in secure locations, reducing risks associated with theft and environmental damage.

4. Driver History and Usage

  • Experienced Drivers: Insurers may offer better rates to experienced drivers with clean driving records.
  • Defensive Driving: Taking advanced or defensive driving courses might provide discounts with certain insurers.

5. Vehicle Usage

  • Non-Daily Usage: If a McLaren is not used as a daily driver and is categorized as a leisure or show vehicle, it might attract lower premiums.
  • Special Event Use: Limited use for special events or shows might also be a positive factor.

6. Membership Discounts

  • Car Clubs: Membership in car clubs or associations might avail discounts from certain insurers who have partnerships with these organizations.
  • Loyalty Discounts: Staying with the same insurer for a long period or insuring multiple vehicles with them might offer cost benefits.

7. Customization

  • Preservation: Keeping a McLaren in its original state (avoiding extensive modifications) might be favorable for insurance as it retains its original safety specifications.
  • Agreed Value: Tailoring an agreed value for the vehicle ensures that customizations are accounted for and appropriately insured.

8. Storage and Transport

  • Secure Storage: Ensuring that the McLaren is stored securely, ideally in a locked, climate-controlled facility, might be favorably considered.
  • Transport Insurance: Secure and insured transport for moving the vehicle can also ensure that the vehicle is protected without affecting its primary insurance policy adversely.

McLaren Model Factors that Increase Auto Insurance Costs

Owning a luxury supercar like a McLaren often comes with high insurance costs. The following are aspects related to McLaren models that could elevate insurance premiums:

1. High Purchase Price

  • Value: McLaren models are luxury sports cars with a hefty price tag, which means higher replacement costs in the event of a total loss.

2. High Performance

  • Speed: Designed for speed and performance, these cars may be perceived as higher risk by insurers due to the potential for high-speed incidents.
  • Engine: The powerful engines in McLaren models can result in higher insurance premiums due to their performance capabilities.

3. Repair and Maintenance Costs

  • Specialized Repair: McLarens require specialized knowledge and facilities for repair, increasing repair costs.
  • Parts: The parts for McLarens can be expensive and sometimes hard to source, further escalating repair costs.

4. Limited Production

  • Scarcity: As McLarens are produced in limited quantities, their scarcity and exclusivity can drive up their market value and consequently their replacement costs.
  • Collector’s Items: Some models become collector’s items, further increasing their value.

5. Appeal to Thieves

  • Theft Risk: High-value vehicles like McLarens might be more appealing to thieves, potentially increasing the risk of theft-related claims.

6. Material and Build

  • Carbon Fiber: The extensive use of carbon fiber and other expensive materials in McLaren models enhances their performance but also their repair costs.
  • Customization: Customized or special edition models can have additional value, making them even pricier to replace or repair.

7. Model Specific Risks

  • Model History: If a particular model has a history of frequent claims or is particularly appealing to thieves, it might attract higher premiums.
  • Model Specifications: Higher trim levels or models with enhanced performance capabilities might be more expensive to insure.

8. Exotic Brand

  • Brand Perception: Being a high-end, exotic brand, McLarens inherently come with a reputation for luxury, performance, and high costs which can reflect in insurance premiums.

9. Importation

  • Import Costs: Importing parts or expertise for repairs, due to the UK origin of the brand, can further inflate maintenance costs.

10. Ownership Demographics

  • Owner Profile: Typically, McLaren owners may fall into demographics that could be associated with higher premiums, like enthusiasts who might drive them in a spirited manner.

Tips for Finding Cheap McLaren Car Insurance Rates

Insuring a high-performance and luxury brand like McLaren will typically be costly, but there are various strategies that might help in potentially reducing the insurance premium. Here are some tips that might help you find more affordable rates when insuring your McLaren:

1. Specialized Insurers

  • Explore Exotic Car Insurance Specialists: Specialists in luxury and high-performance vehicles might offer competitive rates.
  • Collector’s Insurance: If your McLaren is a collectible or a classic model, look into specialized insurance that might offer lower rates for vehicles with limited road use.

2. Bundling Policies

  • Bundle Insurance Policies: Combining home, auto, and other insurance policies with the same insurer might avail discounts.
  • Insure Multiple Vehicles: Insuring more than one vehicle with the same company can also attract discounts.

3. Adjust Coverage

  • Adjust Deductibles: Increasing your deductible (the amount you pay out of pocket for a claim) can lower premiums.
  • Limit Coverage: If it’s a secondary or occasional use vehicle, consider limiting coverage to the time it’s on the road.

4. Safety and Storage

  • Safe Storage: Ensuring that your McLaren is stored securely can help to reduce insurance costs.
  • Invest in Security: Additional anti-theft devices or systems could potentially lower your premium.

5. Driving Record

  • Maintain a Clean Driving Record: A history without accidents or violations can attract lower rates.
  • Defensive Driving Courses: Taking an advanced driving course may earn you a discount with certain insurers.

6. Limited Usage

  • Limited Mileage Discounts: Some insurers offer discounts for limited annual mileage.
  • Occasional Use: If the McLaren isn’t your daily driver, make sure your insurer is aware to potentially reduce costs.

7. Group Affiliations

  • Car Clubs or Associations: Membership might avail discounts from certain insurers.
  • Professional or Alumni Discounts: Explore if professional affiliations or alumni groups offer any insurance deals.

8. Age and Experience

  • Experienced Driver: Ensure your insurer knows if an experienced driver will be the primary user.
  • No Young Drivers: Keeping young drivers off the policy can significantly reduce costs.

9. Shop Around

  • Get Multiple Quotes: Explore and compare quotes from different insurers.
  • Online Tools: Utilize online comparison tools to get a sense of price ranges.

10. Tailored Policies

  • Agreed Value Policy: Ensure the policy reflects the true value of the vehicle, especially for limited edition or customized models.
  • Seasonal Policies: If the vehicle is stored for a portion of the year, consider seasonal insurance coverage.

11. Policy Review

  • Regularly Review Your Policy: Ensure you’re only paying for the coverage you need and revisit your policy regularly.
  • Loyalty Benefits: Check if your insurer offers benefits or discounts for loyal customers.

12. Ask for Discounts

  • Inquire About Discounts: Always ask insurers about any unadvertised discounts.
  • Early Renewal: Some insurers might offer discounts for early policy renewal.

Some Interesting Facts About McLaren:

McLaren has a rich history and a myriad of fascinating facts associated with its brand, particularly given its blend of Formula 1 racing success and exotic road car production. Here are some interesting tidbits about McLaren:

1. Origin and Founder

  • McLaren was founded in 1963 by Bruce McLaren, a New Zealander who was a race car driver, designer, engineer, and inventor.

2. Impressive Track Record

  • McLaren has one of the most impressive track records in Formula 1 history. They have won 20 World Championships and over 180 races.
  • Bruce McLaren was the youngest race winner in Formula 1 until Sebastian Vettel took the record in 2008.

3. Innovation and Design

  • The McLaren F1, launched in 1992, held the record for the fastest production car for many years, reaching a top speed of 240.1 mph (386.4 km/h).
  • McLaren pioneered the use of carbon fiber in Formula 1, and they brought this technology into their road cars. They have developed a reputation for cutting-edge technological innovations.

4. Exclusive Manufacturing

  • McLaren produces its vehicles in very limited quantities, maintaining exclusivity.
  • Every single McLaren road car has been built by hand in Woking, Surrey, England.

5. Expensive Models

  • Some McLaren models are among the most expensive cars in the world. The McLaren Sabre, for example, has a price tag of $3.5 million and only 15 units were made.

6. Special Operations

  • McLaren Special Operations (MSO) provides bespoke customization options, allowing customers to create truly unique vehicles tailored to their specific tastes.

7. Diverse Range

  • McLaren’s lineup is diverse, from the more “accessible” McLaren GT to the extremely high-performance McLaren Sabre and the groundbreaking Speedtail.
  • McLaren’s model lineup is notably categorized under various series: Sports, Super, and Ultimate Series, each offering a distinct performance and luxury level.

8. Sustainability Moves

  • McLaren has outlined plans to invest in hybrid technology, intending that its entire lineup will be hybrid by 2026.

9. Renowned Models

  • McLaren P1, part of the Ultimate Series and introduced in 2013, is renowned for being one of the first plug-in hybrid hypercars.
  • The McLaren Senna, named after the legendary F1 driver Ayrton Senna, focuses on being the ultimate track-focused road car.

10. Automotive Awards

  • McLaren has received numerous awards for its road cars, including accolades for technological innovation, design, and performance.

11. Involvement in Motorsport

  • Aside from Formula 1, McLaren has a significant presence in other racing disciplines, including IndyCar in the United States, further highlighting its rich motorsport heritage.

All McLaren Models

Here are some of the current and past models of McLaren:

  • 540C
  • 570S
  • 570GT
  • 570S Spider
  • 570GT MSO Black Collection
  • 600LT
  • 600LT Spider
  • 620R
  • 650S
  • 675LT
  • 675LT Spider
  • 720S
  • 720S Spider
  • 765LT
  • 765LT Spider
  • Artura
  • Elva
  • F1
  • MP4-12C
  • P1
  • Senna

What is the Average Maintenance Cost of a McLaren in Canada?

McLaren is a luxury brand that produces high-performance sports cars, and the maintenance costs of these vehicles tend to be higher than those of regular cars. The average maintenance cost of a McLaren in Canada can vary depending on factors such as the model, age, and location, but it can be estimated to be around $2,000 to $5,000 per year. This cost includes routine maintenance services such as oil changes, brake replacement, and tire rotations, as well as any unexpected repairs or replacements that may arise. Additionally, McLaren recommends an annual service for their cars, which can cost up to $3,000. It’s important to keep in mind that these are just estimates, and the actual cost of maintenance for a McLaren may vary based on individual circumstances.

Known Issues with McLaren Vehicles

McLaren produces some of the world’s most admired supercars, but like any other manufacturer, they are not immune to issues. While McLarens are known for their thrilling performance, meticulous engineering, and cutting-edge technology, some owners have reported issues over the years. It’s essential to note that issues can be specific to particular models and production years. Here are a few known concerns that have been reported with certain McLaren models:

1. Transmission Issues

  • Some owners have reported problems with the gearbox, such as abrupt shifts or warning messages.

2. Electrical Glitches

  • There have been reports regarding electrical issues, such as difficulties with the infotainment system, erratic warning lights, and issues with electrically operated components.

3. Suspension Concerns

  • A few McLaren owners have noted problems related to the suspension system, such as irregular noises or handling discrepancies.

4. Cooling System

  • Some models have experienced issues related to the cooling system, including leaks and overheating.

5. Air Conditioning and Heating System

  • Problems with the A/C and heating system not working correctly have been reported by a handful of owners.

6. Brake Wear

  • Though typical for high-performance vehicles, some owners have pointed out that the brake system (pads and rotors) can wear more quickly than anticipated, especially with spirited driving.

7. Issues with Doors

  • The signature dihedral doors, while remarkable, have sometimes presented issues with sensors or opening mechanisms.

8. Carbon Fiber Wear

  • Some owners have reported premature wear or issues with the carbon fiber components and trim used in McLaren models.

9. Oil Leaks

  • There have been instances where owners have reported issues related to oil leaks from various components of the engine.

10. Warranty and Servicing Concerns

  • Some owners have raised concerns about dealing with warranty claims and servicing, partly due to the limited number of McLaren service centers globally.

11. Clutch Wear

  • In certain models, the clutch may exhibit quicker wear than expected, particularly in vehicles that are driven hard or used on the track.

12. Tire Degradation

  • Like many high-performance cars, McLarens can exhibit relatively rapid tire wear, especially when they’re driven in a spirited manner.

What is the Safety Rating of McLaren?

green Mclaren

McLaren produces high-performance, luxury sports cars that are often produced in limited numbers, and due to this, they are not typically subjected to the same battery of safety testing by organizations such as the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS) in the United States, or the Euro NCAP in Europe, as more mass-produced vehicles are. These organizations predominantly test vehicles that are expected to be sold in high volumes to provide safety information relevant to a wide range of consumers.

Here are a few notes on McLaren and safety:

Safety Features:

  • Construction: McLaren utilizes carbon fiber monocoques for the construction of their vehicles, which is known for its strength and lightweight properties. In the event of an accident, the monocoque can provide a robust safety cell.
  • Technology: They incorporate advanced technology in their vehicles, such as advanced traction and stability control systems, that help to maintain control in varied driving conditions.
  • Braking: McLarens are equipped with extremely capable braking systems designed to provide exceptional stopping power.
  • Airbags: Equipped with advanced airbag systems to offer a level of protection in the event of a collision.

Notes on High-Performance Vehicles:

  • Driving Dynamics: High-performance vehicles like McLarens have very dynamic driving characteristics which might demand a higher level of driving skill and understanding of the vehicle’s limits.
  • Maintenance: Keeping a supercar in top condition is critical for safety; thus, adherence to all maintenance schedules is paramount.
  • Tires: The high-performance tires found on McLarens are crucial to vehicle safety and need to be monitored for wear and replaced as necessary.

Does McLaren Get Stolen a Lot in Canada?

McLaren is a relatively low-volume car manufacturer, so the number of vehicles stolen may be low compared to more mainstream brands. However, as with any luxury car, there is a risk of theft, and owners of high-end sports cars like McLarens should take precautions to prevent theft, such as keeping the car locked and in a secure location.

Is McLaren Easy to Steal?

McLaren is a luxury sports car brand that incorporates advanced security features in their vehicles to prevent theft. While it is still possible for a skilled thief to steal a McLaren, the level of difficulty is likely to be high, and it is not considered an easy car to steal.

List of Most Frequently Stolen McLaren Vehicles in Canada

McLaren is a luxury car brand that is not very common on Canadian roads. As a result, there is no information available on the most frequently stolen McLaren vehicles in Canada.

Pros and Cons of McLaren Vehicles

McLaren vehicles, admired for their performance, design, and exclusivity, also come with certain considerations that potential buyers should note. Below is a curated list of general pros and cons associated with owning a McLaren. Note that specifics might vary based on the model and year of production.


1. Performance:

  • Power: McLaren models often boast incredibly powerful engines and impressive acceleration.
  • Handling: They’re renowned for precise, responsive handling and excellent driving dynamics.

2. Exclusivity:

  • Rarity: McLarens are not mass-produced, adding an element of exclusivity.
  • Customization: Through McLaren Special Operations (MSO), buyers can customize their vehicles to be truly unique.

3. Design and Innovation:

  • Aesthetic: McLarens are noted for their striking designs and aesthetic appeal.
  • Innovation: The brand is at the forefront of automotive technology and innovation.

4. Brand Prestige:

  • Heritage: With a rich racing heritage and luxury market positioning, owning a McLaren can be a prestigious affair.
  • Community: Owners often join an exclusive community of enthusiasts and are welcomed at high-profile events.

5. Engineering:

  • Material Use: The extensive use of materials like carbon fiber contributes to strength and weight savings.
  • F1 Technology: McLaren incorporates Formula 1 technology into their road cars, enhancing performance and driving experience.


1. Cost of Ownership:

  • Purchase Price: McLarens come with a hefty price tag, positioning them in the luxury sports car segment.
  • Maintenance: Owing to the exotic nature and performance orientation, maintenance can be exceptionally high.

2. Depreciation:

  • Value Drop: Like many luxury vehicles, some McLaren models can experience significant depreciation.
  • Investment: Some buyers might find better investment stability in other exotic brands or classic models.

3. Practicality:

  • Daily Use: The design and performance characteristics might not be conducive to daily driving.
  • Storage: Limited storage capacity might pose challenges for practical usage.

4. Availability of Service:

  • Service Centers: Limited availability of service centers, especially in certain regions, can be a challenge.
  • Parts: The waiting period for parts, in the case of repair or service, might be longer than more common brands.

5. Insurance Costs:

  • Premiums: Insurance premiums tend to be high owing to the value and performance characteristics of the vehicles.
  • Claims: Dealing with claims might involve longer periods due to parts availability and specialized service requirements.

6. Comfort and Convenience:

  • Comfort: While interiors are luxurious, the sporty, firm ride may not be as comfortable on longer journeys.
  • Accessibility: Features like low ground clearance and dihedral doors, while exotic, might pose challenges for accessibility.

7. Reliability Concerns:

  • Issues: Some owners have reported reliability issues with certain models.
  • Warranty: Engaging warranty services might require working closely with limited service centers.


While McLaren vehicles offer an enticing mix of performance, design, and exclusivity, potential owners should weigh these benefits against aspects like cost of ownership, practicality, and availability of services. Owning a McLaren is, without doubt, a unique and exhilarating experience, but it comes with certain logistical and financial considerations. Always conduct model-specific research and consider personal usage patterns when evaluating a potential purchase.

About the Author: Valerie D. Hahn

Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.

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