Roadmap to Mercedes-Benz SL550 Insurance Costs in 2025: Rates, Comparisons and Trends

• Mercedes SL550 car insurance costs an average of $3,136 per year or around $261 per month.
• Ranked 35^th out of 41 other models in the 2020 midsize luxury car class, car insurance rates for the Mercedes-Benz SL550 cost $432 more per year than the average cost for the segment.

How much does Mercedes SL550 insurance cost?

Ranked 35^th out of 41 vehicles in the midsize luxury car class, 2020 Mercedes-Benz SL550 insurance rates average $3,136 per year, or about $261 if paid each month. With the average midsize luxury car costing $2,704 a year to insure, the Mercedes-Benz SL550 may possibly cost around $432 or more annually.

The rate summary chart below breaks down a summary of car insurance rates for a 2020 Mercedes SL550 using different risk profiles and driver ages.

The next table illustrates average car insurance rates for a Mercedes-Benz SL550 for the 2013-2020 model years for five different age groups.

Additional insights regarding the cost of insurance for a Mercedes-Benz SL550 include:

• Avoid accidents and save. Having frequent at-fault accidents will raise rates, potentially as much as $1,498 per year for a 30-year-old driver and even as much as $684 per year for a 60-year-old driver.
• As age goes up, auto insurance cost goes down. The difference in Mercedes-Benz SL550 insurance rates between a 40-year-old driver ($3,136 per year) and a 20-year-old driver ($6,396 per year) is $3,260, or a savings of 68.4%.
• Your job could earn you discounts. The vast majority of auto insurance providers offer discounts for being employed in occupations like dentists, law enforcement, members of the military, emergency medical technicians, architects, high school and elementary teachers, and others. If you work in a qualifying profession, you could potentially save between $94 and $211 on your car insurance premium, depending on the level of coverage purchased.
• Expect to pay a lot for high-risk insurance. For a 40-year-old driver, the need to buy a high-risk policy can potentially increase rates by $3,788 or more per year.
• Find cheaper rates by qualifying for discounts. Discounts may be available if the policyholders are homeowners, are good students, are senior citizens, drive a vehicle with safety or anti-theft features, are claim-free, or many other discounts which could save the average driver as much as $532 per year on the cost of insuring a Mercedes-Benz SL550.
• Car insurance for teenagers is expensive. Average rates for full coverage SL550 insurance costs $10,844 per year for a 16-year-old driver, $10,698 per year for a 17-year-old driver, $9,948 per year for an 18-year-old driver, and $8,897 per year for a 19-year-old driver.
• Better credit scores yield better car insurance rates. Having an excellent credit score over 800 may save $492 per year versus a slightly lower credit rating between 670-739. Conversely, a subpar credit score could cost around $571 more per year.

How does SL550 car insurance cost compare?

When rates are compared to other midsize luxury car segment models, car insurance prices for a 2020 Mercedes SL550 cost $898 more per year than the Lexus ES 350, $578 more than the BMW 530i, and $210 more than the Infiniti Q50.

The Mercedes-Benz SL550 ranks 35^th out of 41 comparison vehicles in the midsize luxury car category for auto insurance affordability. The SL550 costs an estimated $3,136 per year for full coverage car insurance and the segment average auto insurance cost is $2,704 per year, a difference of $432 per year.

The table below shows how well Mercedes SL550 insurance rates rank against other 2020 midsize luxury cars like the Lincoln MKZ, Mercedes CLA250, and the Audi A6.