Mercedes Benz Auto Insurance
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UPDATED: Mar 19, 2021
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The cost of auto insurance can vary greatly, and individuals may find that their quoted price differs dramatically based on different factors, including their age, driving record, and where they live.
Perhaps the most significant factor car insurance companies examine that shapes the cost of your premium is the make and model of your car.
When you insure a luxury car, such as a Mercedes-Benz vehicle, you may often find that you’ll have to pay higher rates for coverage.
How Much Does Mercedes Benz Insurance Cost?
Generally, Mercedes insurance is quite expensive, as the costs associated with repairing or replacing parts on such a high-end, luxury vehicle are higher than average.
Regardless of the insurance provider that you gather quotes from, there are many different features of your car that affect the overall price of any insurance quotes you receive.
Enter your ZIP code below to view companies that have cheap insurance rates.
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How are Mercedes-Benz Insurance Rates Determined?
To calculate the cost of your Mercedes insurance, you need to understand how auto insurance companies think about risk and how it relates to the vehicle you drive.
Below is a brief examination of these, and a few points to consider about owning a Mercedes.
Mercedes Safety Rating & Damage Threshold
If a vehicle’s safety ratings are above average, its insurance costs are generally lower. Safety features like airbags, anti lock brakes, and stability control are standard safety features on all Mercedes-Benz models.
Similarly, if a car is expensive to repair, the premium will reflect it.
The Insurance Institute for Highway Safety, Highway Loss Data Institute (IIHS) awarded the Mercedes-Benz E-Class its top accolade, the Top Safety Pick + award, which therefore means that the E-Class is one of the safest cars available on the road.
The Mercedes-Benz GLC SUV was also awarded the Top Safety Pick + award.
The exemplary safety rating of these models might result in lower premiums than otherwise expected.
Make and Model
Out of all the factors included in your premium quote, the make and model of your car are two of the most important factors. The make is the brand of car, like Mercedes-Benz. The model is the specific type of vehicle within the brand you choose. Mercedes has the following models:
- SUV’s: G-Class, GLS, GLE, GLE Coupe, GLA, GLB, and GLC
- Sedans and Wagons: A-class, C-class, E-class, S-class, E-class wagon, and the Mercedes Maybach.
- Coupe’s: CLA, C-Class, E-Class, CLS, S-class, AMG GT 4 door, and AMG GT coupe
- Convertible and Roadster: C-Class Cabriolet, E-Class Cabriolet, S-Class Cabriolet, SLC-Class Roadster, SL-Class Roadster and Mercedes-AMG GT.
- Hybrid and Electric: GLC SUV
Each one of those models increases or decreases, depending on what you choose, your overall MSRP or sticker price of your vehicle.
Mercedes Insurance Discounts
There are many ways to receive discounts on your car insurance quote.
One way is to make sure that your car is outfitted with the latest safety technology.
As most new cars come equipped with anti-lock braking systems, you’ll have to look deeper into other new technologies to try and reduce your premium.
Mercedes offers a Driving Assistance Plus package that combines a variety of driver safety systems such as lane-keeping assists and braking assists.
The initial investment in these additional safety features could be worthwhile for reducing your premium.
Mercedes Comprehensive & Collision Coverage
The higher the cash value of your car, the more you can expect to pay for comprehensive and collision coverage.
According to Kelley Blue Book, brand new Mercedes E-Class models start at around $63,000 and peak at approximately $101,000 in the San Francisco area.
This gap in price makes a world of difference in the cost of premiums and is definitely something to consider when purchasing a car.
Claims Frequency & Potential to Cause Damage
Another factor that contributes to the cost of an insurance premium is the damage that results when your vehicle is involved in an accident.
The IIHS groups all information on insurance losses (both frequency of claims and average loss per claim), arranged by make and model.
For example, the Mercedes E-Class 4dr has a 75 percent higher rate than the average for cars of its class during a collision and is 127 percent higher than average for comprehensive insurance claims.
When a particular model of car has a high claim frequency and loss rate, the price of your insurance premium usually increases.
Best Companies for Mercedes Benz Insurance
In the United States, car insurance is required in all fifty states. Regardless of the car you drive, you should make it your priority to shop around for quotes from different companies and spend some time reading customer reviews.
This gives you a better idea of the claims servicing process, which is one of the most important interactions between a customer and the provider.
Although Mercedes is a luxury brand, it’s not likely that specialty insurance will be required, but you might want to ask a specialty insurer for a quote, to see if its rates are competitive.
Here are a few questions to ask a provider when searching for any available discounts that could that lower your rate:
- Does a safety system influence the cost of my premium?
- I have a clean driver record, does the cost of my premium reflect this?
- Does my car insurance cover rental cars?
- Can I bundle my car insurance with my life insurance or homeowner’s insurance to get a better rate?
- Can I increase my deductible and pay a lower premium?
Interesting Facts About Mercedes Benz
Going way back to 1886, Carl Benz created the first “motorwagen”. Later that year, Gottlieb Daimler and Wilhelm Maybach created the first petrol-powered stagecoach. Mercedes has a reputation for quality and durability, and since its founding in 1926, it has been producing automobiles for a worldwide customer base.
Vehicles made by Mercedes were ranked above average in reliability and build quality in the 2011 J.D. Power U.S. Initial Quality and Vehicle Dependability Study.
The study measures the number of problems experienced by new car owners during the first 90 days of ownership.
Mercedes-Benz Financial Services also offers a wide variety of financial solutions when buying or leasing your Mercedes from a dealership.
Mercedes performed exceptionally well in this study, proving its vehicles remain a sound investment for drivers.
Armed with the above information, you should be able to negotiate the best rate on a Mercedes insurance policy.