Mercedes-Benz SL400 Insurance Costs Revealed: 2025 Rate Guide

How much does Mercedes SL400 car insurance cost? We compare average rates by model year for the SL400 convertible to discover how average prices compare to the rest of the midsize luxury car segment.

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  • Mercedes SL400 insurance rates average $2,210 per year or $1,105 for a semi-annual policy.
  • Ranked 30th out of 53 vehicles in the 2016 midsize luxury car segment, average car insurance rates for the Mercedes-Benz SL400 cost $17 less per year than the segment average.

How much does Mercedes SL400 insurance cost?

Average car insurance for a Mercedes SL400 costs $2,210 per year, or around $184 a month. If broken down by type of coverage, collision insurance costs an estimated $1,156 a year, comprehensive (or other-than-collision) coverage will cost around $572, and the remaining liability and medical payments insurance will cost about $482.

The following chart breaks down average insurance rates on a 2016 Mercedes SL400 with a variety of different driver ages and risk profiles.

Average 2016 Mercedes-Benz SL400 insurance premiums for different driver ages and risk scenarios.
Figure 1: Average 2016 Mercedes-Benz SL400 insurance premiums for different driver ages and risk scenarios. Rates updated on June 27, 2025.

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Data Methodology: Average rates are for a 2016 model year Mercedes-Benz SL400 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Mercedes-Benz SL400 trim levels.

2016 Mercedes-Benz SL400 Insurance Cost Summary
Driver Risk Profile Annual Premium Cost Per Month
High Risk Driver Age 30$5,056$421
Safe Driver Age 20$4,446$371
At-fault Accidents Age 40$3,092$258
Low Deductibles Age 40$2,976$248
Safe Driver Age 30$2,370$198
Safe Driver Age 40$2,210$184
Safe Driver Age 50$1,944$162
Discount Rate Age 40$1,838$153
Safe Driver Age 60$1,824$152
High Deductibles Age 40$1,818$152

Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2016 Mercedes-Benz SL400 trim levels. Updated June 27, 2025

The following data table shows the average cost to insure a Mercedes-Benz SL400 for the 2008 to 2016 model years, and for five different driver age groups.

Mercedes-Benz SL400 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2016 Mercedes-Benz SL400$4,446$2,210$1,824
2015 Mercedes-Benz SL400$4,088$2,016$1,660
2012 Mercedes-Benz SL400$4,006$1,976$1,627
2011 Mercedes-Benz SL400$3,926$1,936$1,594
2010 Mercedes-Benz SL400$3,848$1,897$1,562
2009 Mercedes-Benz SL400$3,771$1,859$1,531
2008 Mercedes-Benz SL400$3,695$1,822$1,501

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Mercedes-Benz SL400 trim levels for each model year. Updated June 27, 2025

Average insurance rates for 2008 to 2016 Mercedes-Benz SL400 models for drivers age 20, 40 and 60
Average insurance rates for 2008 to 2016 Mercedes-Benz SL400 models for drivers age 20, 40 and 60

Where do SL400 insurance prices rank?

The Mercedes-Benz SL400 ranks 30th out of 53 comparison vehicles in the 2016 midsize luxury car category for most affordable car insurance prices. The SL400 costs an estimated $2,210 per year for a full coverage policy, while the class average car insurance cost is $2,227 per year, a difference of $17 per year.

When average rates are compared to other midsize luxury car models, insurance prices for a 2016 Mercedes-Benz SL400 cost $592 more per year than the Lexus ES 350, $66 more than the Infiniti Q50, and $296 more than the Lincoln MKZ.

The following table shows how insurance rates for a Mercedes SL400 rank against the entire 2016 midsize luxury car segment.

Insurance Cost Comparison: Mercedes-Benz SL400 vs Midsize Luxury Cars
Rank Make and Model Annual Premium Difference
1Lexus ES 350$1,618-$592
2Acura ILX$1,686-$524
3Lexus IS 300$1,792-$418
4Volvo S80$1,834-$376
5Mercedes-Benz C350E$1,842-$368
6Lexus RC 300$1,856-$354
7Audi A3$1,888-$322
8Mercedes-Benz AMG CLA45$1,910-$300
9Lincoln MKZ$1,914-$296
10Lexus ES 300H$1,924-$286
11Audi A6$1,936-$274
12Mercedes-Benz CLA250$1,982-$228
13BMW 528i$2,020-$190
14Lexus GS 350$2,036-$174
15Mercedes-Benz E350$2,062-$148
16Audi S4$2,064-$146
17Mercedes-Benz SLK55 AMG$2,068-$142
18BMW 428xi$2,072-$138
19Jaguar XF$2,084-$126
20Cadillac ELR$2,090-$120
21Mercedes-Benz C450 AMG$2,100-$110
22BMW 428i$2,106-$104
23Audi S5$2,116-$94
24Hyundai Genesis$2,130-$80
25BMW 528xi$2,138-$72
26Infiniti Q50$2,144-$66
27BMW 535xi$2,150-$60
28BMW 435xi$2,174-$36
29Mercedes-Benz E250$2,192-$18
30Mercedes-Benz SL400$2,210--
31BMW Active 5$2,218$8
32BMW 435i$2,224$14
33BMW 535d$2,250$40
34Mercedes-Benz E400$2,300$90
35BMW 535i$2,308$98
36Mercedes-Benz E550$2,320$110
37Audi S6$2,358$148
38BMW 550i$2,362$152
39Mercedes-Benz CLS400$2,436$226
40BMW 550xi$2,452$242
41Mercedes-Benz SL550$2,456$246
42BMW 640i$2,490$280
43Audi A7$2,504$294
44BMW 640xi$2,510$300
45BMW M5$2,518$308
46Audi S7$2,522$312
47Tesla Model S$2,590$380
48Mercedes-Benz S550E$2,594$384
49BMW 650xi$2,610$400
50Lexus GS F$2,622$412
51BMW M6$2,796$586
52Mercedes-Benz SL63 AMG$2,876$666
53Mercedes-Benz SL65 AMG$3,584$1,374

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2016 model year. Updated June 26, 2025

At $2,210 per year, insurance cost for a 2016 Mercedes-Benz SL400 ranks 30th out of 53 models in the midsize luxury car segment
At $2,210 per year, insurance cost for a 2016 Mercedes-Benz SL400 ranks 30th out of 53 models in the midsize luxury car segment

Additional insurance rates and insights

Below are some final thoughts and insights into insuring an SL400 along with tips and discounts to reduce the cost of your next policy.

  • Bring up your credit score and save. Drivers with high 800+ credit scores could save around $347 per year versus a credit rating of 670-739. Conversely, a subpar credit score could cost around $402 more per year.
  • High-risk auto insurance costs more. For a 20-year-old driver, the need to buy a high-risk policy could end up with a rate increase of $3,454 or more per year.
  • Raising deductibles makes insurance more affordable. Boosting your physical damage deductibles from $500 to $1,000 could save around $392 per year for a 40-year-old driver and $774 per year for a 20-year-old driver.
  • Decreasing deductibles will cost more. Decreasing deductibles from $500 to $250 could cost an additional $408 per year for a 40-year-old driver and $818 per year for a 20-year-old driver.
  • Your employer could reduce your rates. Some car insurance providers offer discounts for being employed in occupations like engineers, doctors, college professors, high school and elementary teachers, scientists, and others. Qualifying for an occupational discount could potentially save between $66 and $175 on your annual car insurance bill, subject to policy limits.
  • The older you get, the cheaper insurance rates become. The difference in insurance rates for a Mercedes-Benz SL400 between a 50-year-old driver ($1,944 per year) and a 30-year-old driver ($2,370 per year) is $426, or a savings of 19.7%.
  • Plan on paying a lot to insure a teen driver. Average rates for full coverage SL400 insurance costs $7,694 per year for a 16-year-old driver, $7,517 per year for a 17-year-old driver, $6,859 per year for an 18-year-old driver, and $6,198 per year for a 19-year-old driver.
  • Earn discounts to save money. Discounts may be available if the insured drivers insure multiple vehicles on the same policy, choose electronic billing, drive a vehicle with safety or anti-theft features, are homeowners, or many other discounts which could save the average driver as much as $372 per year.