Key Takeaways
The luxury status Mercedes-Benz upholds is a result of standing true to their motto, Das Beste oder Nichts, meaning, the best or nothing. Apart from the luxury status, the insurance rates vary according to the models.
Among the various insurance providers that insure Mercedes-Benz models, Erie is the cheapest. Texas Farm Bureau and Oklahoma Farmers Union also offer cheap auto insurance rates for the car brand.
The Mercedes-Benz insurance rates not only rely on the luxury factor but also the horsepower and the value of the car. The higher the horsepower, the more likely you are to speed, and the greater the chances of accidents. This makes the car of greater value, therefore making it costlier to repair, thereby increasing the insurance rates.
It costs $2,567 on average for the full insurance coverage of Mercedes-Benz models annually. The insurance cost of the brand is 17% more than the average cost of the competing luxury makers. The table below shows the average annual and monthly costs of selected luxury brands.
| Car Brands | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| BMW | $1,716 | $143 |
| Volvo | $1,776 | $148 |
| Acura | $2,023 | $169 |
| Lexus | $2,318 | $193 |
| Genesis | $2,373 | $198 |
| Audi | $2,462 | $205 |
| Mercedes-Benz | $2,567 | $214 |
Apart from USAA, which offers affordable insurance to active military members and veterans, the other car insurance companies that can offer cheap insurance for Mercedes-Benz models are Erie, Texas Farm Bureau, and Oklahoma Farmers Union.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Erie | $1,059 | $88 |
| Texas Farm Bureau | $1,089 | $91 |
| Oklahoma Farmers Union | $1,173 | $98 |
| Allstate | $1,240 | $103 |
| USAA | $1,245 | $104 |
| American Family | $1,277 | $106 |
| Progressive | $1,285 | $107 |
| State Farm | $1,312 | $109 |
| ALFA | $1,327 | $111 |
| Nationwide | $1,351 | $113 |
Luxury brands have high auto insurance rates. Though the average monthly rate for the brand is $214, there are models with cheaper insurance compared to the overall average for the brand. Go through the rates of selected Mercedes-Benz models in the table below.
| Mercedes-Benz Models | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| E-Class | $1,020 | $85 |
| B-Class | $1,224 | $102 |
| GL Class | $1,584 | $132 |
| Sprinter | $1,608 | $134 |
| C-Class | $2,148 | $179 |
The average Benz E-class insurance cost per year is $1,020. Erie, Texas Farm Bureau, USAA, etc., offer cheap insurance rates for the car model. The cheap insurance rate for the E-Class Benz ranges between $84 and $132. Here is the table with the average annual and monthly rates offered by the cheapest carriers for Mercedes-Benz E-Class.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Erie | $1,013 | $84 |
| Texas Farm Bureau | $1,196 | $100 |
| USAA | $1,208 | $101 |
| State Farm | $1,268 | $106 |
| Progressive | $1,332 | $111 |
| Nationwide | $1,342 | $112 |
| Tennessee Farmers | $1,451 | $121 |
| Acuity | $1,477 | $123 |
| Vermont Mutual | $1,541 | $128 |
| Country | $1,583 | $132 |
Benz B-Class insurance cost on average is $,1224 per year. The cheapest insurer for the car model is Progressive, which offers $946 annually, which is 22% cheaper than the overall average rates. Carriers such as American Family, Allstate, Texas Farm Bureau, etc., offer cheap average rates. Find more rates in the table below.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Progressive | $946 | $79 |
| American Family | $1,086 | $90 |
| Allstate | $1,092 | $91 |
| Texas Farm Bureau | $1,160 | $97 |
| USAA | $1,183 | $99 |
| Erie | $1,239 | $103 |
| Nationwide | $1,246 | $104 |
| Vermont Mutual | $1,269 | $106 |
| State Farm | $1,303 | $109 |
| ALFA | $1,459 | $122 |
The cheapest insurer for a Mercedes-Benz GL Class is the Texas Farm Bureau. While the overall average insurance cost for the car model is $1,584, the average annual rate offered by the carrier is $1,206. The average rates vary according to the driver profile, car trim level, performance, etc. Find cheaper rates from insurers such as Erie, USAA, etc., from the table below.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $1,206 | $101 |
| Erie | $1,236 | $103 |
| USAA | $1,421 | $118 |
| Plymouth Rock Insurance | $1,447 | $121 |
| Tennessee Farmers | $1,472 | $123 |
| Mercury | $1,531 | $128 |
| Progressive | $1,539 | $128 |
| Acuity | $1,566 | $130 |
| Vermont Mutual | $1,577 | $131 |
| Arbella | $1,659 | $138 |
Mercedes-Benz Sprinter insurance rate is $1,608 on average per year. At the same time, Texas Farm Bureau offers the lowest average rates for the car model along with insurers such as USAA, Oklahoma Farmers Union, Vermont Mutual, etc. Go through the table below and find the best insurer for your Benz Sprinter.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Texas Farm Bureau | $721 | $60 |
| USAA | $879 | $73 |
| Oklahoma Farmers Union | $924 | $77 |
| Vermont Mutual | $961 | $80 |
| Nationwide | $989 | $82 |
| Erie | $993 | $83 |
| Tennessee Farmers | $1,052 | $88 |
| Progressive | $1,124 | $94 |
| American Family | $1,156 | $96 |
| Country | $1,206 | $101 |
C-Class is one of the most expensive Benz models to insure. The average annual insurance cost for the car model is $2,148. The cheapest insurance rates for the Benz C-Class are offered by Erie. The average cost to insure the car model with the carrier is $1,022. Find cheap rates with leading providers in the table below.
| Cheapest Insurance Companies | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Erie | $1,022 | $85 |
| Texas Farm Bureau | $1,066 | $89 |
| Oklahoma Farmers Union | $1,111 | $93 |
| Progressive | $1,226 | $102 |
| USAA | $1,318 | $110 |
| State Farm | $1,361 | $113 |
| Nationwide | $1,371 | $114 |
| American Family | $1,398 | $117 |
| Vermont Mutual | $1,400 | $117 |
| Tennessee Farmers | $1,439 | $120 |
Shop Around Regularly: Car insurance providers revise the rates for each brand and model every year. Therefore, check the annual rates for your Mercedes-Benz model with multiple insurers and find the cheapest quote among them.
Bundle Your Policies: With more than one insurance policy with the same carrier, you should be able to bundle the policies and get a discount on each of the respective policy premiums.
Choose a Higher Deductible: The coverage v/s actual cost ratio in older car models might not be great. Therefore, deductibles should be raised to cut the cost of insurance, provided that you have a clean driving history and low or no claims in the past.
Drive a Less Risky Mercedes Model: The higher trims of Mercedes-Benz models are optimized for peak performance. With higher performance comes higher risk, both on road and track. Therefore, if you're not in a position to bear hefty insurance costs, it is best to settle for a lower trim level and a model with less sporty specs.
Install Safety & Anti-Theft Devices: Though the luxury car brand has high-tech safety features, additional devices can lower your car insurance rates.
Ask for Usage-Based Insurance: If you are not regularly driving the Benz car, ask for a car insurance policy based on usage. The policy only charges the mileage you cover annually. For a weekend or pleasure driver, the annual mileage is usually less, and hence the insurance rates too.
Maintain a Clean Driving Record: Insurers look up your driving record to assess the risk profile. With any cases of DUI, speed tickets, or accidents you are involved in, the insurance price is more likely to go up.
Improve Your Credit Score: A good insurance score/credit score is an indicator of a low probability of claims. So, maintain a good credit score.
To reward yourself with a better price on your insurance rates, it is better to research and compare the quotes from different providers for luxury car insurance rates.
With the Way app, analysis of insurance rates is easier. Better rates are provided based on criteria that will surely influence your insurance coverage experience, financial strength, customer service, and protection.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
Mercedes models are expensive to insure owing to their luxury status and complementary features. Mercedes-Benz E-Class is the cheapest among the popular models.
The Mercedes-Benz insurance rate will cost you $2,567 on average, per year. Erie is the cheapest insurer for the car brand.
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