Understanding Auto Insurance Costs: Mercedes-Benz SLK 300 Edition

• Mercedes-Benz SLK 300 car insurance costs around $1,428 per year, $714 for a 6-month policy, or around $119 per month.
• As one of the cheaper small luxury cars to insure, the Mercedes-Benz SLK 300 costs $125 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 $1,428 annually, or around $119 on a monthly basis. With the average small luxury car costing $1,553 a year to insure, the Mercedes-Benz SLK 300 could possibly save an estimated $125 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.

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 ($1,264 per year) and a 30-year-old driver ($1,522 per year) is $258, or a savings of 18.5%.
• Being a good driver saves money. Multiple at-fault accidents raise rates, possibly by an extra $1,948 per year for a 20-year-old driver and even as much as $558 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 $358 per year. Serious convictions such as hit-and-run could raise rates by an additional $1,266 or more.
• Policyholder gender affects insurance costs. For a 2016 Mercedes SLK 300, a 20-year-old male will pay an estimated rate of $2,810 per year, while a 20-year-old female driver will get a rate of $2,030, a difference of $780 per year in the women’s favor by a large margin. But by age 50, rates for male drivers are $1,264 and the cost for female drivers is $1,234, a difference of only $30.
• 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 $242 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 $1,428 per year for an auto insurance policy with full coverage and the class average insurance cost is $1,553 annually, a difference of $125 per year.

When compared side-by-side to other small luxury car models, auto insurance rates for a Mercedes-Benz SLK 300 cost $178 less per year than the Mercedes-Benz C300, $2 less than the Volvo S60, and $28 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.