How much is car insurance for a Mercedes Benz SLK?
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Laura Walker
Licensed Agent for 10 Years
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate drivers about...
Licensed Agent for 10 Years
UPDATED: Apr 25, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance-related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 25, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Mercedes Benz SLK Summary
| Key Mercedes Benz SLK Facts | Statistics | Source |
|---|---|---|
| Average Comprehensive Rate | $148.32 | Quadrant Data |
| Average Liability Rate | $555.33 | Quadrant Data |
| Average Collision Rate | $326.41 | Quadrant Data |
| MSRP & Fair Market Range | $48,000, $24,590 - $29,291 | Kelley Blue Book |
| Average Cost of Repairs | $801 | Repair Pal |
| Small Fatality Rate per Million Vehicles | 54 | IIHS |
Wondering how much Mercedes Benz SLK insurance will set you back? Hoping for cheap auto insurance? We’ve got you covered.
The Mercedes Benz SLK is a small sports car with average auto insurance rates of around $2,000 per year, which works out to $167 per month. In this guide, we’ll break down how much you can expect to pay for different types of auto insurance for the Mercedes Benz SLK and tell you all about the best ways to save money on your auto insurance.
Hoping to find affordable Mercedes Benz SLK auto insurance? Enter your ZIP code in the free comparison tool above to start comparing Mercedes Benz SLK auto insurance rates in your area.
Auto Insurance Rates for Mercedes Benz SLK
The first thing it’s important to consider when signing up for an auto insurance policy is the minimum auto insurance requirements in the state you live in. The minimum requirement for auto insurance is liability insurance coverage, but how much coverage you need will vary based on where you live. Auto insurance comes at different coverage levels, which determine the coverage limits of your policy.
A coverage limit is the total dollar amount that your auto insurance provider will cover when you file a claim.
Each coverage limit has an annual rate (the price you pay for your auto insurance). When you sign up for your policy, you’ll have to choose the coverage limits you want for your Mercedes Benz SLK.
The latest model of this vehicle is the 2016 Mercedes Benz SLK. General auto insurance rates for the Mercedes Benz SLK are not readily available, but we can provide you with general auto insurance rates from the top 10 auto insurance companies. Comparing the cheapest auto insurance companies can help you make the best decision.
Average Auto Insurance Rates by Company
| Companies | Average Annual Rates | Average Monthly Rates |
|---|---|---|
| USAA | $2,542 | $212 |
| Geico | $3,216 | $268 |
| State Farm | $3,268 | $272 |
| American Family | $3,443 | $287 |
| Nationwide | $3,447 | $287 |
| Progressive | $4,044 | $337 |
| Farmers | $4,189 | $349 |
| Travelers | $4,445 | $370 |
| Allstate | $4,898 | $408 |
| Liberty Mutual | $6,096 | $508 |
We’ve sorted the annual rates and estimated monthly rates from the cheapest to the most expensive. Review the data to determine which company might be best for you.
If you finance your Mercedes Benz SLK, you’ll need to get comprehensive and collision coverage. These coverages will protect your vehicle even if you’re at fault in an accident or if your car is damaged by something outside of your control, like natural disasters, falling objects, or theft/vandalism.
To further protect the vehicle, a lender will enroll it in force-placed insurance. Force-placed insurance will cover the total cost of damage to a vehicle in case your auto insurance policy’s coverage limits are too low.
Keep in mind when you’re reviewing auto insurance quotes that the auto insurance rates you actually pay will be based on factors specific to you, such as your age, ZIP code, and driving record.
What are the liability auto insurance rates for a Mercedes Benz SLK?
Liability car insurance is made up of two parts: bodily injury liability and property damage liability. Bodily injury pays for injuries resulting from an accident you caused, while property damage pays for the resulting property damage. Knowing the difference between full coverage car insurance vs liability insurance can save you a lot of hassle down the road.
Your auto insurance rates will be determined in part by the level liability coverage level you choose to purchase. Here are some general coverage level auto insurance rates.
Average Annual Auto Insurance Rates by Coverage Level
| Coverage Level | Average Annual Rates |
|---|---|
| Low | $3,754 |
| Medium | $3,962 |
| High | $4,143 |
Low coverage levels have the cheapest auto insurance rates available, but they provide the lowest coverage limits, which means you could be left paying out of pocket after an accident for any damages that your auto insurance doesn’t cover.
What are the comprehensive and collision auto insurance rates for a Mercedes Benz SLK?
We talked briefly about comprehensive and collision auto insurance but didn’t go into detail. What is the difference between comprehensive and collision auto insurance? Collision auto insurance is coverage that pays for property damage regardless of who is at fault in an accident. For example, if you got into an accident that was your fault, your collision coverage should pay for the damage to your Mercedes Benz SLK.
Comprehensive car insurance is coverage that pays for property damage that wasn’t caused by a collision. This includes vehicle theft, flood damage, fire damage, storm damage, or damage caused by falling objects.
This short data table compares the annual rates of comprehensive and collision insurance. In addition to these coverages, we’ve included liability coverage.
Average Annual Auto Insurance Rates by Coverage Types
| Coverage Types | Average Annual Rates |
|---|---|
| Comprehensive | $148 |
| Collision | $326 |
| Liability | $555 |
Keep in mind that comprehensive and collision auto insurance may more expensive for the Mercedes Benz SLK because of the vehicle’s value and class.
How the value of a Mercedes Benz SLK affects auto insurance rates
Mercedes Benz is known for its luxury name and high car values. Auto insurance providers may issue higher car insurance rates based on how much you drive your vehicle. Here are some sample rates that show auto insurance rates determined by commute mileage:
- 10-mile commute; 6,000 annual mileage – $3,911
- 25-mile commute; 12,000 annual mileage – $3,996
Your car insurance company will want to know how many miles you tend to drive when you sign up for a policy. Your auto insurance rates may be higher if you tend to drive a lot of miles, as this increases your chances of being in an accident. Mileage is something worth considering in this case because many people who own luxury or sports vehicles like the Mercedes Benz SLK do not drive it on a daily basis.
The Mercedes Benz SLK is a sports car with a higher than average cash value for cars in its class. Let’s look at the value of a Mercedes Benz SLK from Kelley Blue Book.
Mercedes-Benz SLK MSRP & Fair Market Price Ranges
| Make and Model Year | MSRP | Fair Market Range |
|---|---|---|
| 2016 Mercedes-Benz SLK | $48,000 | $24,590 - $29,291 |
| 2015 Mercedes-Benz SLK-class | $45,000 | $16,261 - $19,470 |
| 2014 Mercedes-Benz SLK-class | $44,450 | $16,113 - $19,392 |
| 2013 Mercedes-Benz SLK-class | $43,805 | $15,047 - $18,210 |
The MSRPs in the data table are the original MSRPs from when the vehicle was released. The Mercedes Benz SLKs listed in the data table are much older, and their prices will likely be in the fair market price range.
MSRP is an acronym for Manufacturer Suggested Retail Price. MSRP is the suggested price from the manufacturer of the vehicle to the dealer that is selling it. The fair market price range is the range of the fair market value of a used vehicle.
Watch this video below to learn more about how fair market values work.
Auto insurance companies will look at the MSRP or fair market price range of a vehicle when determining auto insurance rates. The higher the MSRP or fair market price range, the more expensive your auto insurance will be.
What about the Mercedes Benz SLK’s annual repair costs? According to Repair Pal, the average cost of repair and maintenance for luxury and sports cars like the Mercedes Benz SLK is $801 per year. This includes routine maintenance such as oil changes.
How Vehicle Thefts Affect Auto Insurance Rates for a Mercedes Benz SLK
Vehicle thefts can affect how much customers pay for auto insurance. Auto insurance companies are known for increasing their auto insurance rates because of statistics.
Did you know that urban and suburban areas have more expensive auto insurance rates? Auto insurance companies will factor in your ZIP code when determining your auto insurance rates.
Not only are urban and suburban areas more populated, but they also see more property crimes, like vehicle theft. If you’ve moved recently and switched your address, you may have noticed a slight change in auto insurance rates.
Start comparing Mercedes-Benz SLK auto insurance rates in your area by entering your ZIP code in our free comparison tool.
Compare quotes from the top auto insurance companies and save! Secured with SHA-256 Encryption
Compare quotes from the top auto insurance companies and save!
Secured with SHA-256 Encryption
Mercedes Benz SLK Auto Insurance Claims and Losses
Next, we’ll talk about the claims and losses auto insurance companies face when insuring vehicles like the Mercedes Benz SLK. Insurance rate hikes are based in part on losses from claims, so we’ll dedicate this section to loss statistics by vehicle size and class.
What are the loss statistics for bodily injury and property damage liability auto insurance claims for the Mercedes Benz SLK?
If you’ve seen our other vehicle guides, you know that loss statistics can contain a lot of details about claim frequency. We don’t get that here with the claim frequency of small sports cars.
Small Sports Car Bodily Injury and Property Damage Auto Insurance Claim Frequency
| Vehicle Makes and Models | Bodily Injury Claims | Property Damage Claims |
|---|---|---|
| Porsche Cayman 2dr | -54% | -51% |
| Porsche Boxster convertible | - | -55% |
| Mercedes-Benz SLK class convertible | - | -36% |
| BMW Z4 convertible | - | -35% |
There’s no information about the bodily injury claim frequency for the Mercedes Benz SLK. The only vehicle in this class with bodily injury loss statistics is the Porsche Cayman. However, we do have information on property damage, which states that all vehicles in the data table have claim frequencies substantially better than average.
What are the loss statistics for comprehensive and collision auto insurance claims for a Mercedes Benz SLK?
The loss statistics for bodily injury may not have been reported, but the claim frequency for comprehensive and collision car insurance was readily available. Take a look at the table below.
Small Sports Car Comprehensive and Collision Auto Insurance Claim Frequency
| Vehicle Makes and Models | Comprehensive Claims | Collision Claims |
|---|---|---|
| BMW Z4 convertible | -27% | 31% |
| Porsche Cayman 2dr | -1% | 66% |
| Porsche Boxster convertible | 17% | 30% |
| Mercedes-Benz SLK class convertible | 28% | 33% |
The Mercedes Benz SLK had claim frequencies that were worse than average for comprehensive and collision car insurance. So, if you get comprehensive and collision insurance for a Mercedes Benz SLK, expect to pay higher auto insurance rates.
What are the loss statistics for PIP and MedPay for a Mercedes Benz SLK?
Personal injury protection (PIP) and medical payments (MedPay) are additional liability coverages that may be part of your state’s auto insurance requirement. Watch this next video, which details the difference between PIP and MedPay.
There wasn’t any information available about MedPay claim frequency for small sports cars, but we did find claim frequency under personal injury. Here are the results.
Small Sports Car Personal Injury Auto Insurance Claim Frequency
| Vehicle Makes and Models | Personal Injury Claims |
|---|---|
| Porsche Boxster convertible | -69% |
| Porsche Cayman 2dr | -59% |
| Mercedes-Benz SLK class convertible | -31% |
| BMW Z4 convertible | - |
All small sports cars in the data set had personal injury claim frequencies that were substantially better than average. The only vehicle without a claim frequency was the BMW Z4.
Check out the auto insurance rates available in your area right now by entering your ZIP code in the free comparison tool below.
Compare quotes from the top auto insurance companies and save! Secured with SHA-256 Encryption
Mercedes Benz SLK Safety Ratings
The Mercedes Benz SLK’s safety ratings are limited to reviews from customers and general vehicle enthusiasts across the internet. We searched the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institue of Highway Safety (IIHS) and neither had any safety ratings available.
However, we can show you the number of fatal crashes and death rates per million registered vehicles for vehicles in the same class and size as the Mercedes Benz SLK.
What is the size and class of the Mercedes Benz SLK?
The Mercedes Benz SLK and SLK-class are technically compact sports cars, but they’re often referred to as small sports cars. We can measure the safety of these small cars by looking at the fatal crash numbers which are provided below. Let’s start with the number of driver fatalities.
Driver Deaths Per Million Registered Passenger Vehicles
| Car Size | Number of Registered Vehicles | Fatalities | Fatalities per Million Registered Passenger Vehicles |
|---|---|---|---|
| Mini | 1,051,275 | 88 | 84 |
| Small | 7,965,422 | 427 | 54 |
| Mid-sized | 9,736,590 | 396 | 41 |
| Large | 2,282,524 | 122 | 53 |
| Very large | 1,787,340 | 47 | 26 |
| All cars | 22,823,151 | 1,088 | 48 |
Small cars had the highest death rate among the different size groups.
What types of accidents are most likely to involve fatalities? Let’s look at the numbers for fatalities broken down by the point of impact in the accident.
Car Occupant Deaths by Point of Impact
| Point of Initial Impact | Car Occupants (#) | Car Occupants Death Rate per Million Registered Cars |
|---|---|---|
| Rear | 834 | 6% |
| Other (mostly rollover) | 1,303 | 10% |
| Side | 3,568 | 27% |
| Frontal | 7,433 | 57% |
| All | 13,138 | 100% |
Frontal crashes are the most likely to be deadly and side-impact crashes are the second most deadly. An accident with a rear point of impact is the least likely to involve a fatality.
Next, let’s look at the fatal accident rate for the past 11 years, broken down by deaths per million registered vehicles.
11-Year Trend of Car Deaths per Million Registered Passenger Vehicles (2008-2018)
| Year | Cars (Drivers) | Cars (Occupants) |
|---|---|---|
| 2008 | 65 | 92 |
| 2009 | 56 | 82 |
| 2010 | 49 | 71 |
| 2011 | 43 | 62 |
| 2012 | 42 | 61 |
| 2013 | 41 | 58 |
| 2014 | 37 | 53 |
| 2015 | 42 | 62 |
| 2016 | 44 | 63 |
| 2017 | 46 | 66 |
| 2018 | 48 | 69 |
The deadliest year for vehicular fatalities was 2008, while 2014 was the least deadly year. By 2015, the death rate per million registered passenger vehicles started to increase.
Check out auto insurance rates from different companies for your Mercedes-Benz SLK by entering your ZIP code in the free comparison tool below.
Compare quotes from the top auto insurance companies and save! Secured with SHA-256 Encryption
How does the safety of a Mercedes Benz SLK compare to other vehicles?
Why is the Mercedes Benz SLK categorized as a small car? We can determine the size of a car by its curb weight and dimensions. The IIHS calls this the vehicle’s “shadow.” The Mercedes Benz SLK’s curb weight is 3,241 to 3,583 lbs, while the dimensions are 163″ L x 71″ W x 51″ H (13.58 feet in length, 5.92 feet in width, and 4.25 feet in height).
Let’s look at the guide below to see where the Mercedes Benz SLK fits.
Guide to Car Size
| Curb Weight | 70-80 sq. ft. Overall Length x Width | 81-90 sq. ft. Overall Length x Width | 91-100 sq. ft. Overall Length x Width | 101-110 sq. ft. Overall Length x Width | >110 sq. ft. Overall Length x Width |
|---|---|---|---|---|---|
| 2,001-2,500 lbs | Mini | Small | Small | Small | Midsize |
| 2,501-3,000 lbs | Small | Small | Midsize | Midsize | Midsize |
| 3,001-3,500 lbs | Small | Midsize | Midsize | Large | Large |
| 3,501-4,000 lbs | Small | Midsize | Large | Large | Very large |
| >4,000 lbs | Midsize | Midsize | Large | Very large | Very large |
Height is not included in the square footage of the measurements, but length and width are included. When you multiply 13.58 by 5.92, you get 80.36 square ft, which fits right into the small car slot of the guide.
What does this have to do with safety? Small vehicles like the Mercedes Benz SLK are at a disadvantage when they’re in an accident. Bigger and heavier vehicles, such as SUVs and trucks, take less force in an accident. Smaller vehicles receive most of the force when they’re involved in an accident with a bigger and heavier car.
We saw the fatal crash rates of small cars in the previous section. Auto insurance companies take these details into consideration and issue auto insurance rates based on these facts.
How much does car insurance cost for a Mercedes? That depends on your credit history, address, age, driving record, and other factors, including which car insurance company you choose to purchase a policy from. For example, Geico insurance for a Mercedes Benz SLK will be priced differently than State Farm insurance for a Mercedes Benz SLK.
Auto insurance rates are based on personal details about you, your history with auto insurance, and other factors that determine how risky you are to insure. The best thing you can do to find reasonably priced auto insurance for your vehicle is to get quotes from multiple companies.
Frequently Asked Questions: How much is car insurance for a Mercedes Benz SLK?
For this section, we’ll cover questions people often have about the Mercedes Benz SLK and auto insurance. For more general information on auto insurance, read through some of the other guides and reviews on this website.
#1 – Is insurance on a Mercedes expensive?
Mercedes Benz is a premium name. These vehicles are generally more valuable than other brands. Because of this, Mercedes Benz insurance can be expensive, but how expensive exactly depends on many factors, including how much coverage you need and which company you choose to buy insurance from.
#2 – Will my insurance go up if I buy a Mercedes?
Yes. Mercedes Benz vehicles have higher than average MSRPs and fair market values than other cars. For example, Mercedes E350 auto insurance costs around $2,640 per year, which is about $1,100 more than average.
#3 – What is the cheapest Mercedes to insure?
The cheapest Mercedes-Benz car to insure is the Mercedes Benz A-Class sedan A 220. It cost $257 per month under a six-month auto insurance policy.
#4 – Are Mercedes expensive to fix?
Repair Pal says that vehicles like the Mercedes Benz have an annual repair cost of $801. These costs are much higher if the Mercedes Benz is having mechanical trouble.
#5 – How much is insurance for a Mercedes Benz C Class?
Some of the most popular Mercedes Benz C Class vehicles are the Mercedes-Benz C300 and Mercedes-Benz CLA 250. The auto insurance rates for the Mercedes-Benz C300 are around $220 per month. Auto insurance for the Mercedes-Benz CLA 250 costs about $150 per month.
Ready to buy Mercedes Benz SLK car insurance? Now that you know how much auto insurance is for a Mercedes Benz SLK, just enter your ZIP code in the dialog box below to start comparing great Mercedes Benz SLK auto insurance quotes in your area right now.
Compare quotes from the top auto insurance companies and save!
Secured with SHA-256 Encryption
Laura Walker
Licensed Agent for 10 Years
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate drivers about...
Licensed Agent for 10 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance-related. We update our site regularly, and all content is reviewed by auto insurance experts.