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Key Takeaways

  • Being a luxury car brand with exotic cars too on its list, Mercedes is costlier to insure compared to other luxury as well as popular car brands.
  • While there are cheaper models to insure, the rates are dependent on the year of its make and the safety features available.
  • Among the popular insurers, Amica offers the cheapest rates, followed by Erie and Statefarm.

Mercedes-Benz Insurance - Introduction

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 History of Mercedes-Benz

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 Current Market Statistics

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.

How much does Mercedes-Benz insurance cost?

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.

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Where can I find cheap Mercedes-Benz insurance?

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.

Cheapest Car Insurance Companies for Mercedes-Benz

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

Mercedes-Benz Insurance Cost According to Models

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

Insurance Cost of Mercedes- GLA 250

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

Insurance Cost of Mercedes- CLA 250

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

Insurance Cost of Mercedes- C63 AMG

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

Insurance Cost of Mercedes- GLE 350

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

Insurance Cost of Mercedes- AMG GT S

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

Insurance Cost of Mercedes- C300

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

Insurance Cost of Mercedes- GLC 300

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

Insurance Cost of Mercedes- GLE 350

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

Mercedes-Benz Insurance Cost According to Coverage

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

Mercedes Car Insurance Rates by State

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

What impacts Mercedes-Benz insurance costs?

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.

Other Car Insurance Coverage for Mercedes

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.

Cost of Insuring Your Mercedes Based on Driving Record and Age

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

Cost of Insuring Your Mercedes Based on Year

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

Is it expensive to buy insurance for a Mercedes-Benz?

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.

Insurance Rates of Mercedes-Benz v/s Other Luxury Car Brands

Name of the Brand Average Insurance Cost
Volvo $1660
Lexus $4656
Cadillac $2091
BMW $4055
Audi $3417
Acura $1764
Mercedes $4207

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Insurance Rates of Mercedes-Benz v/s Other Popular Car Brands

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

Which are the cheapest Mercedes-Benz models to insure?

Among the different Mercedes-Benz models, there are some which are cheaper to insure and mainly belong to the small luxury series.

Cheapest Mercedes Benz Models to Insure for 2022

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

Which are the expensive Mercedes-Benz models to insure?

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.

Most Expensive Mercedes to Insure for 2022

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

How to get Mercedes Insurance with Way.com

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 Way.com, 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.

Auto Insurance Data Methodology

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

Frequently Asked Questions

Is Mercedes expensive to insure?

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.

What are the benefits of owning a Mercedes?

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.

How much does it cost to insure a Mercedes E350?

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.

How much is insurance for a Mercedes-Benz C Class?

The average cost to insure a C-Class model of Mercedes Benz would be $1639 per year.

How much is insurance on a Mercedes CLA 250?

This midsize luxury model costs $153 per month and $1774 annually for insurance.

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