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

Quick Facts

• A Mercedes-Benz SLK is more affordable to insure than the average car.
• Full coverage car insurance for a SLK runs about $158 monthly, on average, while liability only insurance normally tends to be around $63 a month.
• Workmens offers the lowest average rates for a SLK with liability only coverage offered for as little as $32 per month.

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SLK Overview

The Mercedes-Benz SLK is a high-end vehicle that is more expensive than your average car, with base prices starting at $47,000 for 2016 models. Drive off the dealership lot in style, with three different trim options available.

Based on analyzing thousands of insurance quotes from Compare.com, we've found that average Mercedes-Benz SLK auto insurance rates run about $147 monthly. But how does that compare to other cars on the market?

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

If you look at the table above, you'll see that when you compare the Mercedes-Benz SLK to other vehicles, insurance premiums are right around average. SLK owners can expect to pay about $63 a month for liability insurance, and around $158 monthly 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").

When compared to other Mercedes-Benz models, the SLK is cheaper, with prices more than 10% lower than the rest of the company's vehicle lineup. Similarly, compared to other vehicles of a similar body style, SLK coverage is cheaper than average, with both liability only and full coverage insurance averaging less expensive rates than other cars.

Compared to all vehicles of any body type, insurance premiums for both liability only and full coverage policies run less expensive than average.

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

If you're searching for a new car insurance policy for your Mercedes-Benz SLK, you're probably most interested in which company offers the most affordable premiums. While prices can differ quite dramatically from person to person, Safeco offers the cheapest average rates for liability only coverage, with rates as cheap as $29 a month. The next most affordable carrier is Amica, who offers auto insurance as low as just $30 per month.

Completing the top 5 carriers are Workmens, MetroMile, and MetLife. However, just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Mercedes-Benz SLK.

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

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

As we mentioned above, there are a variety of factors that auto insurance carriers reference to choose how much they charge you for car insurance -- and each company weighs certain pieces more than others, so there's not a single carrier that's the cheapest for every SLK driver.

Keep reading to learn which things insurance companies look at and how they affect your final rate:

Vehicle Age

The Mercedes-Benz SLK has been around for a while, so vehicle age may play a big role in what you end up paying for auto insurance. Normally, it costs less to insure older cars because they're worth less than newer models, and as cars get older, insurance costs will gradually get lower.

A new Mercedes-Benz SLK model hasn't been added to the market for over 5 years, so there isn't data to analyze this trend. However, as you can see in the table above, the cheapest Mercedes-Benz SLKs to insure are those that are 4 to 5 years old, while the most expensive models are SLKs that are 11 to 14 years old, on average.

Your Age

Your age is another factor that makes a difference in how much car insurance carriers will charge for a policy. As you can see in the table above, drivers under 24 pay more compared to drivers with more experience on the road. In this case, drivers aged between 18 and 24 pay $44 more than those 25 or older.

Insurance prices continue to go down as you get older, with the cheapest age group for SLK drivers being 55-64.

Your Gender

You may not know, but insurance is generally more expensive for men than for women. This is because men are more likely to get into accidents and get tickets, which raises the chances of an insurance claim. For SLK drivers, that difference is around $10 a month, with women paying an average of $68 and men looking at about $58.

Where You Live

You might already know that variables like how old you are and what vehicle you drive play a role in your car insurance premiums, but you may not realize that where you live can be equally important. Because insurance is regulated on the state level rather than nationally, prices can shift quite a bit depending on which state you're located in.

For example, the average Mercedes-Benz SLK owner in New York pays around $264 per month for liability coverage, while the same driver in California will pay only a fifth of that price, on average. The table referenced above shows average rates for the top 10 most populous states, just to give you a good idea of how much premiums can change between states.

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Mercedes-Benz SLK Car Insurance Discounts

Regardless of your car, your age, or your home state, it's always a smart move to take advantage of as many auto insurance discounts as possible.

Not every insurance company will offer the same discounts, but there are a few that are relatively universal. These include things like:

• Multi-policy discounts for getting both your home and auto policies from the same insurance carrier
• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)
• Pay-in-full discounts for choosing to pay your entire policy premium up front, rather than in monthly installments
• Multi-car discounts for having more than one vehicle on your auto policy

There are countless ways to save money on your auto insurance if you know where to look. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like avoiding lapses in coverage, not having recent insurance claims, and driving safely.

Even though you may not be able to control every variable car insurance companies examine to calculate prices (like some of the ones mentioned above), you can influence some of them. Below are just a few of the ones you can use to your favor when it comes to saving some cash:

Your Driving Record

You've most likely seen ads from insurance carriers promoting hefty savings for safe drivers. It makes sense that if you get a speeding ticket or get into a collision, car insurance rates will go up. But you're probably wondering exactly how much these infractions will cost you.

Looking at the table above, you'll notice that accidents will usually cost SLK drivers more than tickets, but both will result in higher than normal rates. Mercedes-Benz SLK drivers with a single ticket will pay about $76 monthly, while drivers with one accident on their record pay an average of $89 a month (up $26 from the $63/mo. overall average). Drivers with more than one of either violation will end up paying even more.

How Much You Drive

Another factor that affects your auto insurance premiums is how much you drive each year. Drivers who are on the roads less often are less likely to get into accidents, so they'll usually end up paying less for insurance. Based on the table above, you can see that Mercedes-Benz SLK owners who drive fewer than 2,500 miles every year pay about $58 a month for auto insurance, while those who put 10,000 miles or more on their cars pay $62.

But if you don't drive much because have a second vehicle or you work from home, it may be worth getting usage-based or pay-per-mile car insurance. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

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How Do Mercedes-Benz SLKs Compare to Other Vehicles?

If you're thinking about buying a new vehicle and a Mercedes-Benz SLK is on your shortlist, it can pay off to do your homework. Auto insurance is just one cost that comes with a new car purchase, but it's definitely one that's worth considering carefully.

Take a look at the table below to see how the Mercedes-Benz SLK stacks up:

Overall, the Mercedes-Benz SLK has an MSRP that's in line with the going rate for a new vehicle. The SLK starts at $47,000, close to the national average vehicle MSRP of $41,071. A used SLK will be even cheaper, since there hasn't been a new model on the market recently.

But while the purchase price runs about average, auto insurance prices are slightly lower when compared to other vehicles on the market. Liability insurance for a Mercedes-Benz SLK is about $18 per month less than average, while full coverage is $6 less per month.

When it comes to usage, Mercedes-Benz SLK owners drive fewer miles annually than the national average, with 9,131 miles per year compared to 11,617 for all vehicles.

Mercedes-Benz SLK Car Insurance Costs by Model Year

We've walked through many of the things that can have an impact on how much the average driver pays to insure a Mercedes-Benz SLK. If you're in the market for a new car, truck, or SUV and the SLK is on your wishlist, knowing how much your vehicle will likely cost can be extremely helpful as you weigh your choices.

Choose Your Model

2016 Mercedes-Benz SLK Car Insurance 2015 Mercedes-Benz SLK Car Insurance 2014 Mercedes-Benz SLK Car Insurance 2013 Mercedes-Benz SLK Car Insurance 2012 Mercedes-Benz SLK Car Insurance 2011 Mercedes-Benz SLK Car Insurance 2010 Mercedes-Benz SLK Car Insurance 2009 Mercedes-Benz SLK Car Insurance 2008 Mercedes-Benz SLK Car Insurance 2007 Mercedes-Benz SLK Car Insurance 2006 Mercedes-Benz SLK Car Insurance 2005 Mercedes-Benz SLK Car Insurance 2004 Mercedes-Benz SLK Car Insurance

2016 Mercedes-Benz SLK Car Insurance

2016 Mercedes-Benz SLK drivers can expect to pay an average of $63 monthly for liability or $163 for full coverage.

With prices sometimes as low as $45 per month, Workmens offered the most affordable policy we found.

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

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2015 Mercedes-Benz SLK Car Insurance

The average cost to insure a 2015 SLK with liability only coverage is $33 monthly, while full coverage runs around $178 a month.

We found Workmens offered the cheapest policy, with rates sometimes as little as $26 monthly.

Want to know exactly what your insurance price will be? Get lots of customized quotes for free by just entering your ZIP code below.

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2014 Mercedes-Benz SLK Car Insurance

On average, drivers who own a 2014 Mercedes-Benz SLK can expect to pay $55 to $157 a month for liability only and full coverage auto insurance, respectively.

If you're looking for the most affordable 2014 Mercedes-Benz SLK insurance policy, Workmens offered the most affordable policy we found, with rates sometimes as cheap as $30 per month.

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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2013 Mercedes-Benz SLK Car Insurance

It costs about $43 monthly for liability or $154 for a full coverage policy for the 2013 SLK.

With rates as low as $30 per month, Amica offered the lowest policy we found for the 2013 Mercedes-Benz SLK.

While these are good estimates of what the average driver might pay to insure a 2013 Mercedes-Benz SLK, 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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2012 Mercedes-Benz SLK Car Insurance

You can expect full coverage for a 2012 Mercedes-Benz SLK to run around $199 a month, while liability only coverage will average about $82 monthly.

Looking for the cheapest policy? Safeco offered liability only coverage for as cheap as just $17 a month.

If you're looking for a more exact figure on what you should pay for car insurance for a 2012 Mercedes-Benz SLK, you can get free quotes in minutes by just entering your ZIP code below.

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2011 Mercedes-Benz SLK Car Insurance

The average cost to insure a 2011 SLK with liability only coverage is $49 per month, while full coverage runs around $112 a month.

Mercury offered the most affordable policy we found, with rates as little as just $28 per month.

Want something more accurate than national averages? Enter your ZIP code below to get several customized quotes for free.

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2010 Mercedes-Benz SLK Car Insurance

It costs about $64 monthly for liability or $141 for a full coverage policy for the 2010 Mercedes-Benz SLK.

Elephant has rates as cheap as $22 a month for the 2010 Mercedes-Benz SLK.

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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2009 Mercedes-Benz SLK Car Insurance

2009 SLK drivers can expect to pay an average of $109 per month for liability or $145 for full coverage.

If you're looking for the cheapest possible 2009 Mercedes-Benz SLK insurance policy, Mercury offered the lowest policy we found, with rates sometimes as low as $18 monthly.

Want to know exactly how much you'll pay? Get a variety of personalized quotes for free by just entering your ZIP code below.

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2008 Mercedes-Benz SLK Car Insurance

On average, drivers who own a 2008 Mercedes-Benz SLK can expect to pay $99 to $217 per month for liability only and full coverage insurance, respectively.

With premiums as little as just $26 monthly, Infinity offered the cheapest policy we found for the 2008 Mercedes-Benz SLK.

If you want to know exactly how much you can expect to pay for your SLK, get free quotes in minutes by just entering your ZIP code below.

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2007 Mercedes-Benz SLK Car Insurance

You can expect full coverage for a 2007 SLK to run around $160 a month, while liability only coverage will average about $47 per month.

Looking for the most affordable policy? Mercury offered liability only coverage for as cheap as just $19 monthly.

If you want to find the best prices for car insurance for a 2007 Mercedes-Benz SLK, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2006 Mercedes-Benz SLK Car Insurance

The average cost to insure a 2006 Mercedes-Benz SLK with liability only coverage is $59 a month, while full coverage runs around $120 per month.

Liberty Mutual offered the lowest policy we found, with rates sometimes as little as $20 monthly.

Interested in what your insurance rate will be? Enter your ZIP code below to get multiple free customized quotes.

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2005 Mercedes-Benz SLK Car Insurance

On average, drivers who own a 2005 SLK can expect to pay $65 to $150 a month for liability only and full coverage auto insurance, respectively.

We found Safeco offered the most affordable policy, with rates sometimes as cheap as $19 monthly.

These average rates are a great starting point if you're in the market for a 2005 Mercedes-Benz SLK, but there are a bunch of different factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2004 Mercedes-Benz SLK Car Insurance

You can expect full coverage for a 2004 Mercedes-Benz SLK to run about $203 a month, while liability only coverage will average around $83 per month.

Mercury has premiums as low as just $20 a month for the 2004 Mercedes-Benz SLK.

Want to find the lowest rates? Get lots of free customized quotes by just entering your ZIP code below.

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Mercedes-Benz SLK Insurance FAQs

Is a Mercedes-Benz SLK expensive to insure?

The Mercedes-Benz SLK is relatively cheap to insure compared to the average vehicle. Liability insurance runs an average of $63 per month, while full coverage will cost you around $158.

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

There's only one way to be confident you're getting the cheapest rates -- checking prices regularly and comparing quotes from many companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a multitude of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

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

Have you heard the old adage that it costs more to insure a red car than cars of other colors before? Well, that's actually a myth. There are a range of things car insurance companies use when they calculate your prices, but the color of your Mercedes-Benz SLK is not factored into that decision.

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

Before you can legally drive your new (or new to you) SLK off the dealership lot, you'll need to have valid insurance for it. Some dealerships will offer you an insurance policy as part of the buying process, but the easiest thing to do is to let your auto insurance carrier know ahead of time.

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

You will find a range 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 SLK has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may qualify for certain discounts. The only way to find out which discounts you might get is to talk with your insurance agent and ask about which discounts they offer.