Mercedes-Benz SL Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs more to insure a Mercedes-Benz SL than the average car.
• Liability only auto insurance rates for a SL average about $75 per month, while full coverage usually comes in at around $206 monthly.
• At sometimes as cheap as $38 a month for liability only coverage, MetLife is the lowest car insurance company for a SL.

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SL Overview

With base prices starting at $95,100 for 2020 models, the Mercedes-Benz SL is on the more expensive end of the spectrum. With two different trim levels currently offered, there's something there for every driver.

We sifted through thousands of insurance quotes on Compare.com, and we've found that Mercedes-Benz SL auto insurance prices are about $173 per month, on average. But how does that compare to other similar cars on the market?

How Much is Car Insurance for a Mercedes-Benz SL?

In the table above, you'll find that car insurance premiums for a Mercedes-Benz SL are above average. On average, SL drivers will pay around $75 monthly for liability insurance, and about $206 a month for full coverage, which has comprehensive and collision coverages in addition to liability (learn more about these different types of insurance with our guide "State Minimum vs. Full Coverage").

Compared to other Mercedes-Benz models, the SL is slightly more expensive, with prices more than 5% higher than the rest of the automaker's vehicle offerings. Compared to offerings from other brands, insurance for a SL runs close to average, with full coverage insurance rates coming in at 16% higher than other cars and liability insurance premiums at 10% cheaper.

When compared to all vehicles, regardless of make, model, or body style, the SL is less expensive for liability only auto insurance, but full coverage prices are more expensive on average.

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Who has the Cheapest Car Insurance for a Mercedes-Benz SL?

If you're in the market for a new car insurance policy for your Mercedes-Benz SL, you're likely interested in which carrier offers the lowest premiums. Although there will never be one company that has the most affordable rates for everyone, the lowest average rates for liability only insurance are sometimes just $32 a month from MetroMile. With car insurance as little as $38 monthly, MetLife is the next cheapest car insurance carrier.

Mercury, Amica, and Esurance finish off the rest of the top 5. But just because these five carriers offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Mercedes-Benz SL.

Car insurance companies take a range of variables into consideration when calculating monthly premiums. Since every driver is different, there's only one way to make sure you get the most affordable premiums, and that's by getting personalized quotes and comparing rates from a whole range of insurance carriers.

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What Factors Affect Car Insurance Rates for a Mercedes-Benz SL?

As we mentioned above, there are an array of factors that auto insurance companies examine to choose how much they charge you -- and each company weighs certain pieces more than others, so there's not one single carrier that's the cheapest for every SL driver.

The sections below show lots of things insurance carriers use to calculate rates:

Vehicle Age

The Mercedes-Benz SL has been around for a while -- that means vehicle age will likely play a big role in what you end up paying for car insurance. Usually, it costs more to insure newer cars because they're worth more, however, as time goes on and SLs begin to depreciate, insurance costs will gradually go lower.

As you can see in the information above, the Mercedes-Benz SL does not follow this trend, as the cheapest models to insure are those that are 1 year old or less, while on average, the most expensive SLs are 15 years old or more.

Your Age

Age is another factor that plays a significant role in how much insurance companies will charge for a policy. Based on the information in the table above, drivers under 18 pay less for auto insurance than older SL drivers.

Auto insurance prices continue to get lower as you get older, with the cheapest age group being 45-54 for SL drivers.

Your Gender

Women tend to pay less for car insurance than men. This is because women are less likely to get into collisions and get tickets, which decreases the chances of an insurance claim. The Mercedes-Benz SL sticks to the norm, where men pay around $21 more than women per month for insurance.

Where You Live

You might think it's common sense that factors such as what vehicle you drive and how old you are play a role in your auto insurance rates, but you may not realize that where you live is just as important. Because car insurance is regulated on the state level rather than nationally, premiums can fluctuate quite a bit depending on where you live.

For example, the average Mercedes-Benz SL owner in New York pays about $180 monthly for liability coverage. Meanwhile, on average, the same Californian driver will pay less than half of that price. The table above shows average prices for the top 10 most populous states, just to give you a good idea of how much rates can change across states.

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Mercedes-Benz SL Car Insurance Discounts

Whatever which car you drive, how old you are, or where you live, using as many discounts as possible when it comes to your insurance policy is always in your best interest.

Even though all auto insurance carriers offer their own unique discounts, there are a few different ones that you'll find with most companies. These include things like:

• Multi-policy discounts for using the same insurance company for both your home and car insurance
• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)
• Pay-in-full discounts for drivers who agree to pay their entire policy premium at once, rather than in monthly installments
• Multi-car discounts for insuring more than one of your vehicles with the same carrier

However, discounts aren't the only way to save. Often, the best way to get great rates is to work on your overall insurance profile.

Even though you don't have control over every variable car insurance carriers consider to calculate premiums (like some of the ones mentioned above), there are quite a few that you can influence. Below are just a few of the ones you can use to your favor when it comes to cost savings:

Your Driving Record

It's no secret that insurance companies offer the lowest prices to drivers with clean records. And you probably wouldn't be surprised that if you get a speeding ticket or get into an accident, auto insurance rates will go higher. But exactly how much can it cost you for these infractions?

As you can tell, accidents will usually cost SL drivers more than tickets, but both will result in above average rates. Mercedes-Benz SL drivers with a single accident on their record pay an average of $197 every month (up $122 from the $75/mo. overall average), while drivers with one ticket will pay about $67 a month. Drivers who have more than one of either violation will end up paying even more.

How Much You Drive

The amount of miles you drive annually affects your car insurance premiums. Drivers who are on the roads less have fewer opportunities to get into an accident, so they'll typically get more affordable rates. In the table above, you can see that Mercedes-Benz SL owners who drive fewer than 2,500 miles per year pay an average of $66 per month for auto insurance, while those who put 10,000 miles or more on their cars pay $77.

If you're one of those drivers who don't put very many miles on your Mercedes-Benz SL each year, it may be worth learning about usage-based or pay-per-mile insurance. With these policies, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

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How Do Mercedes-Benz SLs Compare to Other Vehicles?

If you're thinking about buying a Mercedes-Benz SL, it can pay off to do your research. Insurance is just one cost that's associated with buying a new car, but it's definitely one that's worth considering.

Visit the table below to see how the Mercedes-Benz SL stacks up:

Overall, the Mercedes-Benz SL is more expensive than average, with an MSRP that's a quarter more than the going rate for a new vehicle. At $95,100, the SL price comes in above the national average MSRP of $46,547.

Although the purchase price is on the more expensive end of the spectrum, car insurance prices are slightly lower when compared to other vehicles on the market. Liability insurance for a Mercedes-Benz SL is around $43 per month less than average, while full coverage is $4 more monthly.

When it comes to usage, Mercedes-Benz SL owners drive fewer miles annually than the national average, with 11,617 miles for all vehicles a year compared to the SL's 7,821 each year.

Mercedes-Benz SL Car Insurance Costs by Model Year

You've seen how different things can affect how much you might pay for insurance. If you're in thinking about buying a new car, truck, or SUV and the SL is on your wishlist, having a good idea of exactly what you'll pay is extremely valuable as you weigh your choices.

Choose Your Model

2020 Mercedes-Benz SL Car Insurance 2017 Mercedes-Benz SL Car Insurance 2016 Mercedes-Benz SL Car Insurance 2015 Mercedes-Benz SL Car Insurance 2014 Mercedes-Benz SL Car Insurance 2013 Mercedes-Benz SL Car Insurance 2011 Mercedes-Benz SL Car Insurance 2009 Mercedes-Benz SL Car Insurance 2008 Mercedes-Benz SL Car Insurance

2020 Mercedes-Benz SL Car Insurance

2020 Mercedes-Benz SL drivers can expect to pay an average of $38 a month for liability or $173 for full coverage.

With prices sometimes as little as $32 per month, MetroMile offered the lowest policy we found for the 2020 Mercedes-Benz SL.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2017 Mercedes-Benz SL Car Insurance

It costs about $47 monthly for liability or $182 for a full coverage policy for the 2017 SL.

If you're looking for the cheapest possible 2017 Mercedes-Benz SL insurance policy, Mercury offered the most affordable policy we found, with rates as little as just $33 a month.

Want to find the best rates? Enter your ZIP code below to get multiple customized quotes for free.

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2016 Mercedes-Benz SL Car Insurance

The average cost to insure a 2016 Mercedes-Benz SL with liability only coverage is $50 per month, while full coverage runs around $165 monthly.

Looking for the lowest policy? MetLife offered liability only coverage for as cheap as just $38 a month.

If you want to know exactly how much you can expect to pay for your SL, just enter your ZIP code below and get several free quotes in minutes.

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2015 Mercedes-Benz SL Car Insurance

You can expect full coverage for a 2015 SL to run about $227 per month, while liability only coverage will average around $136 a month.

Liberty Mutual has premiums as low as just $80 monthly for the 2015 Mercedes-Benz SL.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2014 Mercedes-Benz SL Car Insurance

On average, drivers who own a 2014 Mercedes-Benz SL can expect to pay $51 to $242 per month for liability only and full coverage auto insurance, respectively.

SafeAuto offered the cheapest policy we found, with rates as cheap as $24 monthly.

What will your car insurance rate be? Just enter your ZIP code below to get a variety of customized quotes for free.

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2013 Mercedes-Benz SL Car Insurance

It costs about $62 per month for liability or $204 for a full coverage policy for the 2013 SL.

With rates sometimes as low as $40 a month, MetroMile offered the most affordable policy we found.

While these are good estimates of what the average driver might pay to insure a 2013 Mercedes-Benz SL, these premiums might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2011 Mercedes-Benz SL Car Insurance

The average cost to insure a 2011 Mercedes-Benz SL with liability only coverage is $94 per month, while full coverage runs around $261 a month.

We found Mapfre offered the lowest policy, with rates as low as $23 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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2009 Mercedes-Benz SL Car Insurance

On average, drivers who own a 2009 SL can expect to pay $43 to $282 a month for liability only and full coverage auto insurance, respectively.

Coverhound has rates as cheap as $22 per month for the 2009 Mercedes-Benz SL.

If you want to know just how much your premium will be, just enter your ZIP code below and get free quotes in minutes.

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2008 Mercedes-Benz SL Car Insurance

You can expect full coverage for a 2008 Mercedes-Benz SL to run about $232 monthly, while liability only coverage will average around $53 a month.

With prices sometimes as little as $17 per month, Mapfre offered the cheapest policy we found.

Want to find the most affordable rates? All you need to do is enter your ZIP code below and you'll be on your way to comparing many personalized quotes from the nation's top insurance carriers.

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Mercedes-Benz SL Insurance FAQs

Is a Mercedes-Benz SL expensive to insure?

It costs more to insure a Mercedes-Benz SL when compared to the average car. Liability insurance runs an average of $75 monthly, while full coverage will cost you around $206.

How can I get the best price on car insurance for my Mercedes-Benz SL?

There's only one way to be confident you're getting the lowest rates -- regularly shopping around and getting quotes. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from a bunch of companies at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.

Does the color of my Mercedes-Benz SL affect my insurance premiums?

You've probably heard that it costs more to insure red cars than silver or white ones, but that's simply not true. While there are many variables insurance carriers look at when they decide how much your policy will be, the color of your car is not on that list.

Do I need to have insurance before I buy a Mercedes-Benz SL?

You'll need to have a car insurance policy in place before you can legally driver your new (or new to you) SL off the dealership lot. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a a new car is to let your auto insurance company know ahead of time.

What car insurance discounts can I get for my Mercedes-Benz SL?

You will find all sorts of discounts out there when it comes to car insurance. Many of them (like "safe driver discounts" and "pay-in-full discounts") are more based on you than the vehicle you drive, but if your SL has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may qualify for certain discounts. The only way to know is to talk with your insurance agent and ask about which discounts they offer.