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 Mercedes-Benz models, it is the cheapest to insure with Amica. While Erie and State Farm offer the best rates.
The globally renowned luxury automobile brand is one of the oldest of its kind. Daimler AG, headquartered in Stuttgart, Germany, is the parent company of Mercedes-Benz.
It was founded in 1926 by Carl Benz and Gottlieb Daimler as Daimler-Benz, a result of a merger of their independent companies, Daimler-Motoren-Gesellschaft (DMG) and Benz & Cie. The first passenger car was unveiled the same year with its three-pointed star logo at the Berlin Motor Show.
The company introduced many innovations in cars at different auto shows and rallies. With the import of Benz cars to the United States in the 1950s, the company witnessed global success. The class variants from the company redefined luxury over the years, enhanced safety features, and it was the first to remove harmful CFC chemicals from the air conditioning systems of its vehicles.
Mercedes-Benz generated total revenue of $55.0 billion globally in 2020, while the total market revenue was $1.6 trillion.
In 2020, Mercedes-Benz's largest passenger car segment, small SUVs, represented 24% of the company's revenue. The large SUVs, the second largest segment of the brand, accounted for 21% of their revenue in 2020.
The insurance rates of a luxury car rely not only on the luxury factor but also on 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 $4207 annually for full insurance coverage of Mercedes-Benz models.
Insurance rates largely depend on a variety of driving and non-driving factors. In the case of luxury cars like Mercedes-Benz, there are premium safety features that can decrease the rates but other exotic features which can increase the rates. Apart from USAA, the cheapest rates for cars from this brand are available with Erie, Amica, and Statefarm.
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 Amica, Erie, and State Farm.
| Company | C Class | C 300 | E Class |
|---|---|---|---|
| USAA | $1611 | $1571 | $1878 |
| State Farm | $1889 | $1783 | $2034 |
| Erie | $1561 | $1507 | $1931 |
| Amica | $1643 | $1580 | $1761 |
Taking into consideration the luxury and exotic models in the house, the average annual premium for full coverage ranges from $2324 and $8081. GLA 250 is the cheapest, and AMG GT S is the costliest to insure.
| Model | Average Annual Premium |
|---|---|
| GLA 250 | $2324 |
| GLC 300 | $2607 |
| GLE 350 | $3221 |
| CLA 250 | $3442 |
| C 300 | $3658 |
| C 63 AMG | $5146 |
| G550 4 Matic | $5168 |
| AMG GT S | $8081 |
This five-seater SUV is the cheapest to insure among the models surveyed. The average annual cost is $5844 for an eighteen-year-old, while it is $2324 for a thirty-year-old driving the same model.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes G550 4Matic 2020 | $6987 | $2118 |
| Mercedes G550 4Matic 2019 | $6325 | $2557 |
| Mercedes G550 4Matic 2018 | $5583 | $2278 |
| Mercedes G550 4Matic 2017 | $5208 | $2150 |
| Mercedes G550 4Matic 2016 | $5117 | $2108 |
Falling under the luxury sub-compact sedan, Mercedes-CLA 250 costs $3442 annually on average for a 30-year-old while it increases to $8343 for a young driver.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes CLA 250 2020 | $14,318 | $5934 |
| Mercedes CLA 250 2019 | $13,290 | $5530 |
| Mercedes CLA 250 2018 | $12,318 | $5163 |
| Mercedes CLA 250 2017 | $11,274 | $4704 |
| Mercedes CLA 250 2016 | $10,451 | $4397 |
Mercedes C63 AMG costs nearly $12,284 annually for an eighteen-year-old to insure, while it drops to $5146 for an older driver.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes C63 AMG 2020 | $14,138 | $5934 |
| Mercedes C63 AMG 2019 | $13,290 | $5530 |
| Mercedes C63 AMG 2018 | $12,318 | $5163 |
| Mercedes C63 AMG 2017 | $11,274 | $4703 |
| Mercedes C63 AMG 2016 | $10,451 | $4397 |
This offers the most affordable insurance rates for a seven-seater. It is $7756 for an eighteen-year-old driver and $3221 for a thirty-year-old annually on average.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes GLE 350 2020 | $8893 | $3683 |
| Mercedes GLE 350 2018 | $7798 | $3224 |
| Mercedes GLE 350 2017 | $7331 | $3055 |
| Mercedes GLE 350 2016 | $6999 | $2923 |
This supercar is the topmost model from the AMG GT series. It is a costly affair to insure this for an eighteen-year-old as it costs $19,331 annually. The average cost for a thirty-year-old driver would be $8087.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes AMG GT 2020 | $23,245 | $9672 |
| Mercedes AMG GT 2019 | $21,753 | $9074 |
| Mercedes AMG GT 2018 | $19,360 | $8149 |
| Mercedes AMG GT 2017 | $16,882 | $7045 |
| Mercedes AMG GT 2016 | $15415 | $6503 |
This midsize sedan is a cheap model among the ones surveyed. The average annual insurance for a 30-year-old is $3659 and $8193 for a teen driver.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes C300 2020 | $9894 | $4120 |
| Mercedes C300 2019 | $9298 | $3870 |
| Mercedes C300 2018 | $9382 | $3864 |
| Mercedes C300 2017 | $8202 | $3409 |
| Mercedes C300 2016 | $7339 | $3034 |
GLC 300 from Mercedes is also offered affordable insurance. It will cost around $6355 annually for a teen driver, while it is $2607 for a thirty-year-old driver.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes GLC 300 2020 | $7013 | $2821 |
| Mercedes GLC 300 2019 | $6643 | $2722 |
| Mercedes GLC 300 2018 | $6678 | $2714 |
| Mercedes GLC 300 2017 | $5826 | $2410 |
| Mercedes GLC 300 2016 | $5610 | $2319 |
This luxury SUV is a cheaper model to insure both young and older drivers. It will cost $3222 and $7756 for a thirty- and eighteen-year-old, respectively.
| Year and Model | Annual Average Cost for an 18-year-old | Annual Average Cost for a 30-year-old |
|---|---|---|
| Mercedes GLE 350 2020 | $8894 | $3683 |
| Mercedes GLE 350 2018 | $7798 | $3224 |
| Mercedes GLE 350 2017 | $7331 | $3055 |
| Mercedes GLE 350 2016 | $6999 | $2923 |
Analyzing the major models, including the Saloon, Estate, Coupe, and Cabriolet variants, the minimum coverage is always an affordable option to consider. However, considering the value of the models, it is advisable to opt for full coverage.
| Model | Minimum Coverage | Full Coverage |
|---|---|---|
| Mercedes C 300 | $500 | $2193 |
| Mercedes C Class | $506 | $2261 |
| Mercedes E Class | $515 | $2559 |
Your place of residence is a non-driving factor that has a major influence on your insurance rates. The percentage of accidents, theft, and parking spaces in your locality determine the risk of the place and hence the insurance rates.
| State | Average Annual Rate | State | Average Annual Rate |
|---|---|---|---|
| Alabama | $2345 | Nebraska | $3183 |
| Arizona | $2544 | Nevada | $3564 |
| Arkansas | $3204 | New Hampshire | $3654 |
| California | $3373 | New Jersey | $4355 |
| Colorado | $2320 | New Mexico | $2236 |
| Connecticut | $4317 | New York | $4972 |
| Delaware | $2550 | North Carolina | $2721 |
| Florida | $3421 | Massachusetts | $3551 |
| Georgia | $3874 | Ohio | $2118 |
| Idaho | $2044 | Oklahoma | $1758 |
| Illinois | $3012 | Oregon | $2523 |
| Indiana | $1814 | Pennsylvania | $2933 |
| Iowa | $2430 | Rhode Island | $3258 |
| Kentucky | $2630 | Montana | $2226 |
| Kansas | $4146 | South Carolina | $3555 |
| Louisiana | $2803 | Tennessee | $2991 |
| Maine | $1662 | Texas | $2756 |
| Maryland | $3856 | Utah | $2907 |
| Michigan | $1676 | Virginia | $2927 |
| Minnesota | $1741 | Washington, D.C. | $2906 |
| Mississippi | $2127 | West Virginia | $2379 |
| Missouri | $2237 | Wisconsin | $2153 |
The luxury that tags along the Mercedes models could be a reason for the high insurance rates among these models. However, the safety features it has can be a reason for moderate insurance rates. Here are the features that are common among the Mercedes-Benz models.
Brake Assist
This emergency braking technology employs sensors to identify obstacles in your path, such as other vehicles or pedestrians. Brake assist can make an emergency stop if you don't apply the brakes.
Windshield Wipers with Rain Sensors
These wipers automatically alter their frequency to correspond with the amount of precipitation. Driving attention is maintained thanks to this.
Anti-theft Alarm System
In the event of an attempted break-in, an alarm will ring, and warning lights will flash to alert you and any witnesses.
Lane-keeping Assist
This tool uses sensors to assess whether you are driving within your lane. Your car will warn you if you start to slide.
While the minimum liability insurance is required by the state, your Mercedes requires more than that to be driven on the road stress-free. Opting for full coverage will always save you from out-of-pocket expenses.
Additional coverage options are gap insurance, roadside assistance, or new car replacement coverage, depending on your need.
| Coverage | What it offers |
|---|---|
| Bodily Injury Liability | This minimum liability coverage will cover the damage associated with the injuries caused to a third party. |
| Property Damage Liability | The expense of the damages and the repair you are accountable for in an accident. |
| Uninsured and underinsured motorist coverage | This proves to be useful in an accident involving an uninsured motorist. |
| Personal Injury Protection | Falling under the minimum liability coverage, this coverage might come in handy to pay your medical expenses in a collision if you live in a no-fault state. |
| Comprehensive Coverage | This full coverage covers the expenses of repair from accidents regardless of who is at fault. |
| Collision Coverage | This will cover the expense of repair or replacement for damage caused by fire, weather, vandalism, or even theft. |
| GAP Insurance | In the case of a damaged or stolen car, this can pay the outstanding amount. |
| OEM Replacement Parts | When under repair after an accident, this will ensure that the replacement is done with original parts. |
| Roadside Assistance Coverage | An optional option by many insurance providers, this will assist you with towing or battery replacement in an emergency. |
| New Car Replacement Coverage | Recent models which are insured under this are eligible for the payment of a new car if your car is stolen or totaled within a timeframe. |
Younger drivers are typically considered high-risk drivers, so their insurance premiums are typically more expensive than those of older drivers.
It is important to have a spotless driving record to prevent premium increases. You may be labeled as a high-risk driver if you receive penalties for speeding, getting a DUI, or causing an accident. Based on your driving history, these are the typical insurance premium rates.
| Age | Speeding Ticket | Other Serious Offence | Clean Record |
|---|---|---|---|
| 18-20 | $2339 | NA | $3321 |
| 21-24 | $2648 | $3281 | $2473 |
| 25-34 | $2665 | $2381 | $2066 |
| 35-44 | $2168 | $2098 | $1942 |
| 45-54 | $2395 | $2607 | $1859 |
| 55-64 | $1894 | $1949 | $1627 |
| 65+ | $1131 | $4134 | $1427 |
The average cost of insuring the Mercedes-Benz models varies according to the year of their make. Here is the average annual insurance rate of Mercedes-Benz models by year.
| Year | Average Annual Cost |
|---|---|
| 2022 | $3156 |
| 2021 | $3298 |
| 2019 | $3847 |
| 2018 | $3228 |
| 2017 | $3602 |
| 2016 | $3900 |
| 2015 | $3604 |
| 2014 | $3294 |
| 2013 | $3442 |
| 2012 | $3139 |
| 2011 | $2897 |
| 2010 | $2994 |
If we compare the prominent luxury car models, it is obvious that the insurance rates for Mercedes-Benz models are higher than the rest. The rates are similar to those of Audi and BMW but higher than other luxury car brands like Cadillac and Acura.
Taking into consideration other popular car brands, the rates for Mercedes are higher than any other brand.
| Name of the Brand | Average Insurance Cost |
|---|---|
| Volvo | $1660 |
| Lexus | $4656 |
| Cadillac | $2091 |
| BMW | $4055 |
| Audi | $3417 |
| Acura | $1764 |
| Mercedes | $4207 |
| Name of the Brand | Average Insurance Cost |
|---|---|
| Chevrolet | $2618 |
| Dodge | $2972 |
| Ford | $2093 |
| GMC | $3616 |
| Honda | $2157 |
| Hyundai | $1999 |
| Jaguar | $3016 |
| Jeep | $1863 |
| Kia | $2643 |
| Land Rover | $3514 |
| Lexus | $3623 |
| Mazda | $3101 |
| Nissan | $3671 |
| Subaru | $3290 |
| Tesla | $3953 |
| Toyota | $2138 |
| Volkswagen | $2350 |
| Mercedes | $4207 |
Among the different Mercedes-Benz models, there are some which are cheaper to insure and mainly belong to the small luxury series.
| Model | Average Annual Rate |
|---|---|
| Mercedes Benz GLA 35 AMG | $1710 |
| Mercedes Benz GLA 250 | $1626 |
| Mercedes Benz GLC 300 | $1610 |
| Mercedes Benz GLB 250 | $1596 |
| Mercedes Benz A220 | $1492 |
Though all Mercedes models belong to the luxury car segment, the insurance rates are higher. Here are a few of the high-end models that are expensive to insure.
| Model | Average Annual Rate |
|---|---|
| Mercedes Benz G Class | $3285 |
| Mercedes Benz S Class | $3580 |
| Mercedes Benz GLE Class | $3191 |
| Mercedes Benz GLS Class | $2568 |
| Mercedes Benz C Class | $2274 |
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.
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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
Mercedes models are expensive to insure owing to their luxury status and complimenting features. Mercedes-Benz AMG C 63 is the most expensive among the models to insure, and Mercedes-Benz GLA 250 is the cheapest among its models.
Apart from being a statement of luxury, every model of Mercedes offers safety, an elegant look, as well as efficiency in terms of performance and fuel. It also offers high resale value.
It costs $1902 on average to insure a Mercedes E350. However, the rates can vary according to the various trim levels. The most expensive is the E350 4Matic Sedan costing $1920 annually, and the cheapest would be the sedan trim at $1882.
The average cost to insure a C-Class model of Mercedes Benz would be $1639 per year.
This midsize luxury model costs $153 per month and $1774 annually for insurance.
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