500 SL insurance cost

Pubhi · #1 12-09-2002, 07:46 PM

I am trying to prove someone wrong so I need to know how much would it cost to insure a 03 500SL with a perfect record, lowest coverage. In other words, I need the absolue lowest cost. Also, i've been told that it is usual for a 99 model year 120,000 Benz at 30K miles to lose $100000 of value. Is this possible? Thanks.

KG6120 · #2 09-16-2003, 05:59 PM

My insurance is about $1,300. at mercury. that's to $300,000. I would imagine a little less with lower coverage.

AlexusVTEC · #3 09-18-2003, 06:30 PM

wait can you rephrase your reply? Your SL500 insurance is at $1300? I'm confused at the wording.

felixxilef · #4 09-18-2003, 08:26 PM

Don't know about the '03 but I looked into insurance for a '98 SL500 and it was gonna be $1000 every 6 months for someone (me) with a perfect driving record.

'99 SL500's with 30,000 miles go for about $40,000 now. A '95 might be in the mid to upper $20's.

KG6120 · #5 09-19-2003, 10:49 AM

Thats correct. My insurance through mercury is $1,300. per year with 300K of liability. I have a 2003 SL500. I am curious if that seems low or high. I have a good driving record too.

AlexusVTEC · #6 09-30-2003, 09:25 PM

Wow, i have a 94 accord, i'm paying a little over 2000 for insurance for the year, perfect driving record, but then again i'm 21. Then again again, my state has one of the highest known insurance rates int he US - (MA)

mcollinstn · #7 11-01-2003, 09:35 AM

$622 every 6 months.
2001 SL500.
Middle Tennessee.
$1000 deductible 300k liability.

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