Understanding Auto Insurance Costs: Mercedes-Benz SLK 300 Edition

How much are Mercedes SLK 300 car insurance rates? We compare rates for the 2016 model year to all other compact luxury cars to see how prices rank.

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  • Mercedes-Benz SLK 300 car insurance costs around $1,758 per year, $879 for a 6-month policy, or around $147 per month.
  • As one of the cheaper small luxury cars to insure, the Mercedes-Benz SLK 300 costs $159 less per year on average to insure when compared to other small luxury cars for the 2016 model year.

How much does Mercedes SLK 300 insurance cost?

Ranked second out of 26 vehicles in the 2016 small luxury car class, Mercedes-Benz SLK 300 car insurance costs on average $1,758 annually, or around $147 on a monthly basis. With the average small luxury car costing $1,917 a year to insure, the Mercedes-Benz SLK 300 could possibly save an estimated $159 or more on an annual basis.

The rate summary chart below illustrates how average Mercedes SLK 300 car insurance prices change with differences in driver age and the physical damage deductibles chosen for the policy.

Average 2016 Mercedes-Benz SLK 300 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2016 Mercedes-Benz SLK 300 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

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Data Methodology: Average premiums are based on a 2016 model year Mercedes-Benz SLK 300. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2016 Mercedes-Benz SLK 300 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$2,910$243
$500$3,466$289
$250$4,052$338
30-Year-Old$1,000$1,562$130
$500$1,880$157
$250$2,206$184
40-Year-Old$1,000$1,468$122
$500$1,758$147
$250$2,058$172
50-Year-Old$1,000$1,306$109
$500$1,558$130
$250$1,818$152
60-Year-Old$1,000$1,222$102
$500$1,456$121
$250$1,700$142

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2016 Mercedes-Benz SLK 300. Updated June 27, 2025

Other noteworthy conclusions relative to Mercedes-Benz SLK 300 insurance cost include:

  • As driver age increases, SLK 300 car insurance rates tend to go down. The difference in insurance cost on an SLK 300 between a 50-year-old driver ($1,558 per year) and a 30-year-old driver ($1,880 per year) is $322, or a savings of 18.7%.
  • Being a good driver saves money. Multiple at-fault accidents raise rates, possibly by an extra $2,410 per year for a 20-year-old driver and even as much as $692 per year for a 40-year-old driver.
  • Fewer violations mean cheaper rates. If you want to pay the cheapest possible SLK 300 insurance rates, it’s necessary to obey traffic laws. In fact, just a couple of traffic tickets have the consequences of raising policy costs as much as $448 per year. Serious convictions such as hit-and-run could raise rates by an additional $1,564 or more.
  • Policyholder gender affects insurance costs. For a 2016 Mercedes SLK 300, a 20-year-old male will pay an estimated rate of $3,466 per year, while a 20-year-old female driver will get a rate of $2,506, a difference of $960 per year in the women’s favor by a large margin. But by age 50, rates for male drivers are $1,558 and the cost for female drivers is $1,522, a difference of only $36.
  • Research policy discounts to save money. Discounts may be available if the insureds insure multiple vehicles on the same policy, work in certain occupations, are claim-free, are accident-free, insure their home and car with the same company, or other policy discounts which could save the average driver as much as $292 per year on their insurance cost.

How do SLK 300 insurance rates rank?

The Mercedes-Benz SLK 300 ranks second out of 26 total comparison vehicles in the small luxury car category for the most affordable insurance cost. The SLK 300 costs an average of $1,758 per year for an auto insurance policy with full coverage and the class average insurance cost is $1,917 annually, a difference of $159 per year.

When compared side-by-side to other small luxury car models, auto insurance rates for a Mercedes-Benz SLK 300 cost $224 less per year than the Mercedes-Benz C300, $8 less than the Volvo S60, and $42 less than the Acura TLX.

The following chart shows how average Mercedes SLK 300 car insurance rates compare to the top 10 most popular small luxury cars like the Audi A4, Lexus IS 350, and the BMW i3. A more comprehensive data table is included following the chart that ranks insurance rate rankings for the entire small luxury car category.

Average 2016 Mercedes-Benz SLK 300 car insurance premium compared to other small luxury car models.
Figure 2: Average 2016 Mercedes-Benz SLK 300 car insurance premium compared to other small luxury car models. Rates updated on June 27, 2025.

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Data Methodology: Average rates are for a 2016 model year Mercedes-Benz SLK 300. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all Mercedes-Benz SLK 300 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

Mercedes-Benz SLK 300 Insurance Cost Compared to All Small Luxury Cars
Rank Make and Model Annual Premium Difference
1BMW 228xi$1,616-$142
2Mercedes-Benz SLK 300$1,758--
3Volvo S60$1,766$8
4Acura TLX$1,800$42
5BMW 228i$1,826$68
6BMW i3$1,834$76
7Audi S3$1,854$96
8BMW 340i$1,874$116
9BMW 335xi$1,884$126
10BMW 328i$1,892$134
11Lexus CT 200H$1,896$138
12Audi A4$1,906$148
13BMW 320i$1,908$150
14Mercedes-Benz SLK 350$1,920$162
15BMW 328d$1,932$174
16BMW M235i$1,934$176
17Lexus RC 200T$1,942$184
18Cadillac ATS$1,950$192
19Mercedes-Benz B250E$1,968$210
20Mercedes-Benz C300$1,982$224
21BMW 328xi$2,000$242
22Lexus RC 350$2,004$246
23BMW 330e$2,010$252
24Lexus IS 200T$2,038$280
25Lexus GS 200T$2,168$410
26Lexus IS 350$2,172$414

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 27, 2025