Best Mercedes Car Insurance Quotes (2023)

How much is it to insure a Mercedes? On average, drivers pay around $180 monthly, but auto insurance rates vary by model. 

Where you live and how often you drive will also impact how much you pay for coverage, so compare quotes from at least three local companies to find the best price. Knowing how much auto insurance costs near you can help you find the perfect policy for your Mercedes.

Fortunately, you don’t need a Mercedes-Benz insurance premium calculator to buy cheap car insurance — all you have to do is compare rates by model and company. 

Use our Mercedes-Benz auto insurance review below to calculate monthly insurance costs and compare rates from the most popular companies to get the best auto insurance for a Mercedes-Benz in your city.

How is car insurance for a Mercedes-Benz calculated?

Auto insurance companies use many of the same variables to calculate your rates, including your age, gender, driving record, and the kind of car you drive. Luxury vehicles, like Mercedes-Benz, cost more to insure because they cost more to repair or replace if stolen. 

Luxury auto insurance costs around $250 per month, over $100 more than the standard monthly rate. You can expect to pay around this much or more for insurance if you drive a Mercedes.

Other factors that affect Mercedes auto insurance rates include:

• The model of the vehicle: Convertibles cost more than sedans and SUVs.
• The class of the vehicle: S-Class and G-Class rates, especially the G63 AMG insurance costs, are among the most expensive of the models.
• Where you park the vehicle: If you don’t have a garage or live in a city with high auto theft rates, you will pay more for insurance.

However, if your Mercedes is over 20 years old, you may qualify for classic auto insurance. 

Auto insurance for classic cars provides coverage that protects the vehicle’s true value, but it may not allow for everyday use. Find out if your old car is considered classic and compare rates from multiple companies for collector car insurance before buying a policy.

How much is car insurance for a Mercedes?

Is Mercedes-Benz insurance expensive? When compared to the national average, Mercedes-Benz insurance costs anywhere between $20 and $100 more per month. 

If you drive a Mercedes, you will likely pay between $180-$250 or more for auto insurance coverage based on your ZIP code and individual factors.

How much you pay for Mercedes auto insurance will also depend on the model you drive and the age of the vehicle. For example, the Mercedes S-Class models come with the highest monthly rates for full coverage, around $40 more per month than the other models. 

This is why it’s important to compare auto insurance rates by vehicle. The Mercedes-Benz S450 and SL450 have the highest average rates, at $201 and $194, respectively. The cheapest Mercedes to insure is the E300 at $160 per month.

Scroll through the following sections for a closer look at Mercedes auto insurance rates by model.

Mercedes-Benz C-Class Car Insurance Rates

Mercedes-Benz C-Class insurance costs are cheaper than other Mercedes models at only $165 per month. Other C-Class models also come with affordable rates, with monthly Mercedes-Benz CLA-Class insurance quotes averaging between $150 and $178. 

However, through PRNewswire, Mercedes announced that it will stop producing some of the current C-Class models in favor of a hybrid engine model, with more electric vehicles planned for 2025 and onwards.  

If you drive a C-Class, you will still be able to buy auto insurance coverage, but you may have a hard time finding replacement parts if you damage your vehicle. 

Mercedes-Benz E-Class Car Insurance Rates

The Mercedes-Benz E-Class vehicles have some of the lowest insurance rates due to their lower MSRP. For example, the Mercedes E300 car insurance rates are around $10,000 more than the C300 and enjoys the same low insurance rates. 

Insurance for a Mercedes-Benz E300 costs around $160 per month, which is on par with the national average for auto insurance.

Mercedes-Benz G-Class Car Insurance Rates

Mercedes-Benz G-class car insurance quotes are generally higher than average, including the GLA250, GLE300, and GLC300. 

When comparing the best car insurance for a Mercedes GLE350, you might initially see lower rates if you drive an older model. However, new cars come with higher insurance rates, and quotes for a brand-new Mercedes-Benz may be double what you normally pay. 

Mercedes-Benz S-Class Car Insurance Rates

As the sportiest trim and often sold as a soft-top convertible, Mercedes-Benz S-Class vehicles have the highest insurance costs on average. 

For example, rates for the Mercedes S450 are over $200 per month, while insurance for the SLC300 — a hard-top convertible — is a little cheaper at $178 per month.

Does Mercedes-Benz have its own car insurance?

As a Mercedes-Benz owner, you have exclusive access to the Mercedes-Benz Financial Services (MBFS) program. It offers insurance coverage and financial services to Mercedes-Benz owners and retailers. MBFS will also help you find local Mercedes-Benz dealerships and leasing opportunities.

It’s not possible to compare MBFS insurance quotes online without first being a member, but you can call customer service at 1-800-654-6222 to learn more. 

Be aware that MBFS is very competitive and does not offer insurance to high-risk drivers. Drivers will also not qualify for an auto loan through MBFS without a credit score of 700 or above.

How to Save Money on Mercedes-Benz Car Insurance

Mercedes-Benz is not among the cheapest cars to insure, but you can still lock in affordable rates when you shop around and compare multiple companies and coverage options. 

Follow these tips to find cheap insurance for a Mercedes-Benz:

• Sign up for usage-based insurance programs. Telematics insurance tracks your habits and offers lower rates to safe drivers who drive less than 10,000 miles per year.
• Install additional safety features. Installing GPS tracking or carving the VIN into the window can lower your monthly Mercedes insurance rates.
• Park in a garage. Parking your Mercedes in a garage or safe area will protect it from damage and theft, which lowers your insurance rates.
• Ask for discounts. Safe drivers qualify for the most savings, but you can also earn discounts through your employer and by bundling multiple policies with one company.

Discounts and eligibility will vary by company, so check out our guide to car insurance discounts to see where you qualify for the most savings.

The Bottom Line on How to Buy Cheap Car Insurance for Mercedes-Benz

It’s not impossible to find affordable Mercedes-Benz auto insurance — you can get cheap rates by comparison shopping now with our free quote tool below. 

However, your rates will be higher than the national average because Mercedes is considered a luxury vehicle. Luxury cars are more expensive to replace, and insurance companies charge higher monthly rates to make up for the increased risk. 

Remember, personal factors like your driving record and claims history can also raise your rates. You can buy cheap Mercedes auto insurance if you’re a safe driver who avoids accidents and speeding tickets.