Mercedes-Benz SL400 Insurance Costs Revealed: 2024 Rate Guide

• Mercedes SL400 insurance rates average $1,792 per year or $896 for a semi-annual policy.
• Ranked 30^th out of 53 vehicles in the 2016 midsize luxury car segment, average car insurance rates for the Mercedes-Benz SL400 cost $12 less per year than the segment average.

How much does Mercedes SL400 insurance cost?

Average car insurance for a Mercedes SL400 costs $1,792 per year, or around $149 a month. If broken down by type of coverage, collision insurance costs an estimated $936 a year, comprehensive (or other-than-collision) coverage will cost around $464, and the remaining liability and medical payments insurance will cost about $392.

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

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.

Where do SL400 insurance prices rank?

The Mercedes-Benz SL400 ranks 30^th out of 53 comparison vehicles in the 2016 midsize luxury car category for most affordable car insurance prices. The SL400 costs an estimated $1,792 per year for a full coverage policy, while the class average car insurance cost is $1,804 per year, a difference of $12 per year.

When average rates are compared to other midsize luxury car models, insurance prices for a 2016 Mercedes-Benz SL400 cost $480 more per year than the Lexus ES 350, $52 more than the Infiniti Q50, and $242 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.

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 $281 per year versus a credit rating of 670-739. Conversely, a subpar credit score could cost around $326 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 $2,796 or more per year.
• Raising deductibles makes insurance more affordable. Boosting your physical damage deductibles from $500 to $1,000 could save around $318 per year for a 40-year-old driver and $626 per year for a 20-year-old driver.
• Decreasing deductibles will cost more. Decreasing deductibles from $500 to $250 could cost an additional $332 per year for a 40-year-old driver and $664 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 $54 and $142 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 ($1,578 per year) and a 30-year-old driver ($1,920 per year) is $342, or a savings of 19.6%.
• Plan on paying a lot to insure a teen driver. Average rates for full coverage SL400 insurance costs $6,235 per year for a 16-year-old driver, $6,094 per year for a 17-year-old driver, $5,560 per year for an 18-year-old driver, and $5,023 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 $302 per year.