Best Mercedes Car Insurance (2024)
Finding cheap insurance for a Mercedes-Benz is a challenge – the average driver pays around $200 a month for full coverage – but some models are cheaper to insure than others.
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Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...
Insurance Operations Specialist
UPDATED: Oct 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above 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 insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Luxury vehicles, including Mercedes-Benz, have higher insurance rates compared with standard cars
- The average car insurance price for a Mercedes is $180 a month, but prices vary by driver age and the model you drive
- State Farm, Nationwide, and Geico often have the cheapest rates for Mercedes car insurance
As a luxury brand, Mercedes-Benz has expensive car insurance regardless of the model you buy. While it’s not impossible to find a new Mercedes for under $40,000, many models cost much more. Those large price tags come with higher insurance rates.
Luxury car insurance works similarly to standard coverage but can come at a much higher price. There are many reasons for this, but higher rates are primarily because it costs more to repair and replace high-end vehicles.
Although Mercedes-Benz insurance runs high, there are ways to save.
Explore the best auto insurance for Mercedes-Benz below and get tips on how to lower your rates. Then, compare car insurance quotes with as many companies as possible to find the best policy for your Mercedes.
How much is car insurance for a Mercedes-Benz?
Most new Mercedes-Benz models cost between $40,000 and $75,000, but you can easily spend over $100,000. Like other expensive luxury vehicles, Mercedes-Benz auto insurance costs significantly more than a policy for a standard car.
Mercedes-Benz insurance costs more primarily due to its hefty price tag. Expensive cars come with higher repair and replacement costs. Insurance companies have to cover those expenses, which is why they charge more.
The average full coverage policy costs about $160 a month. Since Mercedes-Benz is an expensive, high-performance vehicle, the average driver pays a much higher monthly rate, between $180 and $250, depending on the model they drive.
Mercedes-Benz insurance is expensive, and finding an affordable policy isn’t as easy as with standard cars. However, there are ways to lower your rates. One of the most important steps in finding affordable coverage is to compare rates with as many companies as possible.
Mercedes-Benz Insurance Costs by Company
The company you’ll find the lowest rates with depends on a variety of factors, but State Farm tends to have the cheapest quotes for Mercedes-Benz coverage. State Farm full coverage car insurance quotes for a Mercedes-Benz is $181 a month, far cheaper than what most other companies charge.
To see how different companies stack up, you can compare Geico vs. State Farm car insurance.
Nationwide and Geico are also good options for coverage when you own a Mercedes-Benz, with average rates of $267 and $234, respectively. On the other end of the scale, Allstate has an average rate of $516, and Progressive has $569.
This difference in average prices highlights why it’s important to shop around for insurance — if you choose the first quote you look at, you’ll likely overpay for insurance.
Mercedes-Benz Insurance Costs Model
The Mercedes-Benz brand means luxury, no matter which model you buy. While Mercedes is always pricy, some models cost less than others. The amount you pay for insurance is directly impacted by the price you pay for your car.
Check below to see how much insurance typically costs for some of Mercedes’ most popular models:
Average Monthly Full Coverage Mercedes Car Insurance Rates by Model
| Mercedes Model | Average Monthly Car Insurance Rate |
|---|---|
| Mercedes SLC300 | $178 |
| Mercedes SL450 | $194 |
| Mercedes S450 | $201 |
| Mercedes GLS450 | $189 |
| Mercedes GLA250 | $170 |
| Mercedes GLE350 | $189 |
| Mercedes GLC300 | $174 |
| Mercedes E300 | $160 |
| Mercedes CLS550 | $192 |
| Mercedes CLA250 | $178 |
| Mercedes C300 | $165 |
As you can see, more expensive Mercedes models come with higher insurance rates. For example, the Mercedes G 63 AMG insurance costs are some of the most expensive, while the GLE 350 costs far less.
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What are Mercedes-Benz’s financial services?
There is no preferred company to buy insurance from when you purchase a Mercedes-Benz. However, you can purchase insurance from the company itself with the Mercedes-Benz Financial Services (MBFS) program.
Mercedes-Benz has partnered with Liberty Mutual to provide quality car insurance for its customers. Liberty Mutual has some of the highest rates for luxury vehicles when you buy directly from the company. You might pay higher rates, but purchasing an MBFS policy simplifies managing your insurance.
You can also use the MBFS program to look at a Mercedes-Benz insurance premium calculator to show you how much it will cost if you make monthly payments for your insurance. The MBFS program also makes it easy to buy prepaid maintenance and extended warranties and manage key replacements, dent repairs, tire changes, and windshield repairs.
What factors affect car insurance prices for Mercedes-Benz?
When shopping for car insurance, a big question most drivers ask is “How does the insurance company determine my car insurance rates?”
When you’re looking at how much it is to insure a Mercedes, you should understand what factors go into your rates. No matter what model you buy, your insurance company will look at the following factors when determining your rates:
- Mercedes class: Mercedes offers many models in different class options, usually indicating how big the car is. Higher classes cost more, with S-Class vehicles having the highest insurance rates.
- Model of your vehicle: As you saw, the type of Mercedes you buy plays a big role in your insurance rates. The models with the highest rates are typically convertibles.
- Age and gender: Insurance companies keep careful track of claims so they know men and young drivers are statistically more likely to file claims. Although teens and men pay more for insurance, the price gap narrows with age.
- Location: Another demographic companies keep a close eye on is location. You can see vastly different rates by moving even a single ZIP code.
- Credit score: Most states allow insurance companies to look at your credit score to help determine your rates. Companies use this information because drivers with low credit scores are statistically more likely to file a claim.
- Driving history: Having a severe infraction on your driving record, like a speeding ticket or DUI, will drastically increase your rates. You might need to get high-risk car insurance if you have too many.
- Marital status: As a group, married drivers file fewer claims than single people. Most insurance companies offer a small discount to married people when they’re on the same policy.
Another important factor in your insurance rates is how much coverage you want. When you buy or lease a new Mercedes, you’ll likely need full coverage until you own the car outright. Full coverage costs more than minimum insurance, but your vehicle will be protected better.
How can you save money on insurance for Mercedes-Benz?
You’ll always pay more for insurance on a brand-new Mercedes than you would with a standard car, but there are ways to get the cheapest car insurance quotes. When you want to save on your Mercedes-Benz car insurance, consider the following tips:
- Look for discounts. Companies know drivers are looking for ways to save on their insurance, so most offer discounts. Looking at how many discounts a company offers is important when searching for an insurance policy.
- Find a safe parking spot. You’ll probably save on your insurance if you keep your Mercedes in a secure parking spot, like your driveway or a covered garage.
- Telematics programs. A usage-based auto insurance program can help you save up to 40% on your insurance, depending on the company you choose. Usage-based insurance tracks driving habits to offer safe drivers lower rates.
- Keep your record clean. As you learned above, your driving record is integral to your insurance rates. You’ll pay less for insurance if you don’t have any incidents on your record.
- Add security. Most insurance companies offer a discount on comprehensive insurance if you have security devices installed in your car, such as GPS tracking or an audible alarm.
Although insurance companies look at the same factors when crafting quotes, they have unique formulas. That means some companies will be more forgiving of certain circumstances than others. For example, Progressive and State Farm generally have higher rates for people with low credit scores. Nationwide and Geico might be your best bet if your credit score is low.
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Find the Best Auto Insurance for Mercedes-Benz Today
When you buy a new Mercedes, you’ll probably see much higher insurance quotes than you would with a standard car. Although rates for luxury cars are typically higher, the quality of your vehicle will make up for it. Plus, there are plenty of ways to lower your rates.
Regardless of the model you buy, you should always compare your options to find the best policy for your needs. Comparing quotes with as many companies as possible is the best way to find the most affordable policy.
Frequently Asked Questions
How much is car insurance for a Mercedes-Benz?
The average driver pays between $180 and $250 per month for full coverage insurance, but rates vary depending on the model and the insurance company.
What factors affect car insurance prices for Mercedes-Benz?
Factors such as the model of the vehicle, the driver’s age and driving history, the location of the driver, and the coverage amount desired all affect insurance prices for Mercedes-Benz.
What are Mercedes-Benz’s financial services?
Mercedes-Benz has partnered with Liberty Mutual to provide quality car insurance for its customers, and also offers an MBFS program for managing insurance, maintenance, and repairs.
Is Mercedes-Benz insurance expensive?
Yes, Mercedes-Benz insurance is generally more expensive than insurance for a standard car due to its luxury status and high repair and replacement costs. However, there are ways to save on insurance for a Mercedes-Benz.
How can you save money on insurance for Mercedes-Benz?
To save money on insurance for a Mercedes-Benz, compare rates from multiple insurance companies, raise your deductible, take advantage of discounts, and maintain a clean driving record.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...
Insurance Operations Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.