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How Much is Mercedes Car Insurance?

Written by Katie Dee

Reviewed by Alyssa DiCrasto

Last updated: February 26th, 2024

Our research on the most popular 2023 Mercedes-Benz models showed that insuring a Mercedes costs about $2,540 annually, or $211 monthly. However, car insurance rates will vary depending on your personal details as well as the specific model and year of your Mercedes.

What does it cost to insure my Mercedes?

Mercedes Insurance by Vehicle

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Insuring your Mercedes

There are several benefits to owning a luxury vehicle, such as the enhanced safety features, heightened comfort, and newer technology. However, luxury brands typically bring higher rates because they require more expensive repairs and replacement parts if you get into a covered accident. Since Mercedes-Benz is considered a luxury car brand, you may have higher insurance premiums for your Mercedes.  

The specific model of your vehicle will also have an effect on what you pay for Mercedes car insurance. Typically, newer models and those with higher trim levels will be more expensive to insure. So, how can you be sure you’re getting the best rate for your Mercedes? We are here to help with that.

What can I expect to pay to insure my Mercedes?

Based on our research of the most popular Mercedes Benz models, insuring your vehicle will cost around $2,540 per year on average.

Keep in mind that this is just an estimate and the exact price you will pay for Mercedes-Benz car insurance will change depending on aspects like the specific model and year of your car as well as your age, the state you live in, and your credit score.

The amount of coverage you are looking to get will also play a part in nailing down your rate. It’s important to compare rates from multiple car insurance companies so that you can be sure you’re not overpaying for your Mercedes-Benz car insurance.

Take our short quiz to compare rates side by side and get results in 30 seconds.

Mercedes insurance rates by model

The exact Mercedes model you are insuring plays a huge part in determining your premium. According to sales data from GoodCarBadCar, the most popular Mercedes model is currently the Mercedes-Benz GLE-Class. While this model has an estimated annual premium that is higher than the average of $2,123, the price you’ll pay will vary depending on the specific year and trim level of your vehicle.

Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

Mercedes-Benz GLE-Class

This model has an estimated annual premium of $2540 and it gets 22 combined miles per gallon.

See how much it costs to insure a Mercedes-Benz GLE-Class >

Cheapest car insurance companies for Mercedes

One of the best ways to save money on car insurance is by researching different companies and finding the cheapest option in your area. Every car insurance company is different, so your rate at each one will vary. It is important to compare these companies side by side before making your final choice.

We have compiled a list of the best and cheapest car insurance companies for Mercedes below. It is important to note that, while these companies service large portions of the United States, they may not be available near you. Be sure to check your local insurance companies to ensure that you are getting the best rate.

Average cost of Mercedes car insurance at popular car insurance companies

Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

progressive insurance
GEICO insurance

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How much should I expect to pay to insure my Mercedes

Personalized rate estimates at the top insurance companies in your state

Your rates will vary based on where you live, your age, and other factors like your driving record

Frequently asked

Why is Mercedes expensive to insure?

Mercedes is a luxury brand, which could lead to higher insurance premiums because of the heightened repairs and replacement costs. Your exact rate will vary depending on the specific model and year of your Mercedes.

Is BMW or Mercedes cheaper to insure?

Based on our research, Mercedes car insurance is slightly more affordable than BMW car insurance. However, the exact price you’ll pay will vary based on several personal factors as well as the model and year of your vehicle.

Is a Mercedes GLE350 expensive to insure?

The estimated yearly insurance premium for a Mercedes GLE350 is $2,540. This is more expensive than the national average for car insurance which is around $2,120.

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive. 

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results.  

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.Â