- Mercedes SL550 car insurance costs an average of $2,544 per year or around $212 per month.
- Ranked 35th out of 41 other models in the 2020 midsize luxury car class, car insurance rates for the Mercedes-Benz SL550 cost $353 more per year than the average cost for the segment.
How much does Mercedes SL550 insurance cost?
Ranked 35th out of 41 vehicles in the midsize luxury car class, 2020 Mercedes-Benz SL550 insurance rates average $2,544 per year, or about $212 if paid each month. With the average midsize luxury car costing $2,191 a year to insure, the Mercedes-Benz SL550 may possibly cost around $353 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.
Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
---|---|---|---|
2020 Mercedes-Benz SL550 | $5,184 | $2,544 | $2,084 |
2019 Mercedes-Benz SL550 | $4,826 | $2,370 | $1,942 |
2018 Mercedes-Benz SL550 | $4,546 | $2,238 | $1,836 |
2017 Mercedes-Benz SL550 | $4,326 | $2,136 | $1,752 |
2016 Mercedes-Benz SL550 | $4,018 | $1,992 | $1,642 |
2015 Mercedes-Benz SL550 | $3,674 | $1,814 | $1,492 |
2014 Mercedes-Benz SL550 | $3,696 | $1,830 | $1,510 |
2013 Mercedes-Benz SL550 | $3,294 | $1,630 | $1,344 |
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 SL550 trim levels for each model year. Updated February 23, 2024
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 $1,212 per year for a 30-year-old driver and even as much as $554 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 ($2,544 per year) and a 20-year-old driver ($5,184 per year) is $2,640, or a savings of 68.3%.
- 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 $76 and $170 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 $3,064 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 $434 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 $8,786 per year for a 16-year-old driver, $8,673 per year for a 17-year-old driver, $8,066 per year for an 18-year-old driver, and $7,213 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 $399 per year versus a slightly lower credit rating between 670-739. Conversely, a subpar credit score could cost around $463 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 $728 more per year than the Lexus ES 350, $472 more than the BMW 530i, and $170 more than the Infiniti Q50.
The Mercedes-Benz SL550 ranks 35th out of 41 comparison vehicles in the midsize luxury car category for auto insurance affordability. The SL550 costs an estimated $2,544 per year for full coverage car insurance and the segment average auto insurance cost is $2,191 per year, a difference of $353 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.
Rank | Make and Model | Annual Premium | Difference |
---|---|---|---|
1 | Acura ILX | $1,528 | -$1,016 |
2 | Lexus RC 300 | $1,758 | -$786 |
3 | Mercedes-Benz SLC300 | $1,808 | -$736 |
4 | Lexus ES 350 | $1,816 | -$728 |
5 | Lincoln MKZ | $1,820 | -$724 |
6 | Mercedes-Benz AMG CLA45 | $1,836 | -$708 |
7 | Jaguar XE | $1,840 | -$704 |
8 | Lexus IS 300 | $1,844 | -$700 |
9 | Audi A3 | $1,876 | -$668 |
10 | Cadillac CT5 | $1,908 | -$636 |
11 | Audi S5 | $1,956 | -$588 |
12 | Lexus GS 350 | $2,008 | -$536 |
13 | Mercedes-Benz E350 | $2,018 | -$526 |
14 | Lexus ES 300H | $2,046 | -$498 |
15 | Audi S4 | $2,066 | -$478 |
16 | BMW 530i | $2,072 | -$472 |
17 | BMW 540i | $2,094 | -$450 |
18 | Mercedes-Benz CLA250 | $2,106 | -$438 |
19 | Genesis G80 | $2,110 | -$434 |
20 | Audi A6 | $2,116 | -$428 |
21 | Mercedes-Benz E450 | $2,142 | -$402 |
22 | BMW 430i | $2,160 | -$384 |
23 | Mercedes-Benz CLS450 | $2,186 | -$358 |
24 | Jaguar XF | $2,188 | -$356 |
25 | Mercedes-Benz AMG C43 | $2,272 | -$272 |
26 | BMW 440i | $2,274 | -$270 |
27 | Mercedes-Benz SL450 | $2,288 | -$256 |
28 | Audi RS 5 | $2,298 | -$246 |
29 | Audi S6 | $2,348 | -$196 |
30 | Infiniti Q50 | $2,374 | -$170 |
31 | BMW 530e | $2,384 | -$160 |
32 | Lexus GS F | $2,444 | -$100 |
33 | Mercedes-Benz AMG C63 | $2,476 | -$68 |
34 | BMW M550i | $2,522 | -$22 |
35 | Mercedes-Benz SL550 | $2,544 | -- |
36 | Tesla Model S | $2,586 | $42 |
37 | Audi A7 | $2,622 | $78 |
38 | Lexus LC 500H | $2,690 | $146 |
39 | Audi S7 | $2,790 | $246 |
40 | BMW M8 | $2,794 | $250 |
41 | BMW M5 | $2,832 | $288 |
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 2020 model year. Updated February 22, 2024