Orlando Harmon
Mercedes-Benz cars are generally considered expensive to insure, with an average annual insurance premium of $2,639, making it the fourth most expensive car brand to insure. However, the cost of insurance varies depending on the model, age, location, mileage, credit score, driving record, and other factors. For example, the Mercedes-Benz GLA 250 is considered one of the cheapest models to insure, while the Mercedes-Benz AMG C 63 is one of the most expensive. Additionally, insurance costs tend to be higher for younger drivers and can decrease with age until around 60 years old.
| Characteristics | Values |
|---|---|
| Average insurance cost for a Mercedes-Benz | $2,639 per year ($219 monthly) |
| Cheapest model to insure | Mercedes-Benz GLA 250 |
| Most expensive model to insure | Mercedes-Benz AMG C 63 |
| Cheapest insurer for many models | GEICO |
| Most expensive insurer | Safeco |
| Average insurance cost for a 30-year-old driver | $375 per month |
| Average insurance cost for an 18-year-old driver | $1,498 per month |
| Insurance cost affected by | Model, age, location, mileage, credit score, driving record |
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What You'll Learn
Cheapest models to insure
The cost of insuring a Mercedes varies depending on the model, its manufacturer's suggested retail price (MSRP), the likelihood of theft, and its horsepower. Generally, a Mercedes is expensive to insure. However, some models are cheaper to insure than others.
The cheapest model to insure is the Mercedes-Benz GLA 250, which costs an average of $1,374 annually. It is a moderate-value car with moderate horsepower, making it less likely for the driver to get into an accident. The cost of insurance for this model ranges from an average of $1,309 to $1,439 depending on the model year.
The Mercedes A-Class is another affordable option, with used examples between insurance groups 15 and 32. The third-generation A-Class has insurance as low as group 13. The A-Class offers good space, comfort, and driving fun, and rivals the Audi A3 and BMW 1 Series.
The Mercedes GLC 300 has the second-cheapest insurance rates of the cars surveyed, at an average of $272 per month for a 30-year-old with the newest model.
The Mercedes GLE 350 is also considered affordable, especially for 30-year-olds, although younger drivers will pay more, with an average rate for an 18-year-old of $856 per month.
The Mercedes GLB is a small SUV with a spacious cabin and insurance costs are kept low, with used models sitting between groups 24 and 35.
The Mercedes CLA is a compact car with sporty styling and is also a more affordable option.
It is worth noting that insurance costs can vary depending on the driver's age, with younger drivers often paying significantly more for insurance. Additionally, certain models, such as the Mercedes-Benz AMG C 63, are much more expensive to insure due to their higher value and horsepower.
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Most expensive models to insure
The cost of insuring a Mercedes varies depending on the model. While the Mercedes-Benz GLA 250 is one of the cheapest models to insure, the Mercedes-Benz AMG C 63 is the most expensive, costing an average of $1,952 per year. The Mercedes C-Class is also one of the more expensive models, costing $1,633 per year to insure across all model years. This is significantly higher than the average cost of insuring a Mercedes, which is $1,664 per year.
The cost of insurance is generally determined by the car's model rather than its brand. Several factors contribute to the cost of insurance, including the manufacturer's suggested retail price (MSRP), the likelihood of theft, and horsepower. The higher the MSRP, the costlier it is to maintain and repair the car, which increases insurance costs. Cars with a higher likelihood of theft will also have higher insurance costs. Additionally, high-horsepower sports cars are considered riskier to insure and therefore attract higher insurance rates.
The Mercedes CLA-Class is one of the most expensive models to insure, despite being relatively affordable to purchase. The Mercedes-Benz S-Class is also one of the most expensive models to insure due to its powerful engine. The G550 4MATIC, with an MSRP of over $130,000, has one of the highest insurance rates among Mercedes models. The G 63 AMG is another expensive model to insure, with a 2021 model costing $459 per month for a 30-year-old driver.
The cost of insurance can also vary depending on the driver's age. For example, the average cost of insuring a Mercedes-Benz GLA 250 is $263 per month for a 30-year-old, but this increases to $911 per month for an 18-year-old. Similarly, the GLE 350 is considered the third cheapest model to insure for a 30-year-old, but the average rate for an 18-year-old is $856 per month.
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Insurance for younger drivers
Mercedes-Benz cars are considered relatively expensive to insure compared to other cars, with the average cost of auto insurance for a new or recent model being $375 per month for a 30-year-old driver. The cheapest model to insure is the GLA 250, at an average of $263 per month for a 30-year-old man with a clean driving history. The most expensive model to insure is the AMG C 63, costing an average of $1,952 per year across all model years.
For younger drivers, the cost of insuring a Mercedes-Benz vehicle can be significantly higher. An 18-year-old driver with a Mercedes C-Class can expect to pay around $5,330 per year for insurance, which is approximately a $3,697 increase compared to what a 40-year-old driver would pay. The average rate for an 18-year-old driver with a GLE 350 is $856 per month, while full coverage for a Mercedes C63 AMG of the same age group averages $1,476 per month.
If you are a younger driver looking to reduce your insurance costs, here are some tips to consider:
- Opt for an older vehicle: Older vehicles are generally cheaper to insure than newer models.
- Compare insurance providers: Shop around and compare quotes from multiple insurance companies to find the best rates.
- Bundle your insurance policies: Using the same carrier for all of your insurance policies can result in significant savings. For example, bundling auto insurance with homeowners or renters insurance can reduce your overall insurance costs.
- Increase your deductible: Choosing a higher deductible can lower your annual premium, but consider your risk of accidents before making this decision.
- Take advantage of discounts: Look for discounts such as the good student discount or safe driving class discounts to help lower your premium.
- Pay your premium upfront: Paying your annual premium in full can save you money compared to making installment payments throughout the year.
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Insurance by location
The cost of insuring a Mercedes varies depending on several factors, one of which is location. Insurance rates differ widely depending on where you live. Urban areas or locations prone to accidents, theft, or vandalism will have higher premiums. For example, a user from Los Angeles, California, mentions paying $2,400 every six months for their G63. Another user from New Jersey, a state known for its high insurance rates, pays over $2,000 annually for their GLC coupe. In contrast, a user from North Dakota, a state with lower insurance costs, pays $1,115.79 for full coverage for their 2023 E450.
In addition to location, the cost of insurance for a Mercedes is influenced by the model of the vehicle, the driver's age and history, and the coverage options selected. High-performance and luxury models, such as the AMG series, tend to be more expensive to insure due to their power and high price tag. On the other hand, more practical models like the C-Class or GLA are relatively more affordable to insure.
Older Mercedes models may also be cheaper to insure than newer ones due to their lower market value, resulting in reduced repair and replacement costs. Furthermore, insurance companies consider your driving history when setting premiums. Maintaining a good driving record, free of accidents and traffic violations, can significantly reduce your insurance costs.
When it comes to coverage options, liability-only coverage is typically less expensive than full coverage, which includes comprehensive and collision insurance. Adding extras like roadside assistance or rental reimbursement will further increase your premiums.
It is worth noting that insurance rates for Mercedes vehicles are generally higher than average due to their reputation for high-quality engineering, luxury features, and advanced technology. The cost of repairs and parts for Mercedes vehicles is typically higher than for non-luxury brands, and their high value makes them more attractive to thieves, increasing the risk factor for insurers.
To find the best rates, it is recommended to shop around and get quotes from multiple insurers. Different insurance providers offer varying discounts and rate structures, and some companies provide discounts for bundling different policies, such as home and auto insurance. Additionally, consider opting for a higher deductible to lower your premium, but ensure you can afford the higher out-of-pocket expense in the event of a claim.
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Comprehensive insurance coverage
On average, Mercedes drivers pay around $1,664 annually for insurance, which is relatively expensive compared to other cars. However, the cost of insurance depends on the model of the car. For example, the Mercedes-Benz GLA 250 is the cheapest model to insure, with an average annual cost of $1,374. On the other hand, the Mercedes-Benz AMG C 63 is the most expensive, costing an average of $1,952 per year.
The cost of insurance is influenced by various factors, including the car's manufacturer's suggested retail price (MSRP), the cost of maintenance and repairs, the likelihood of theft, and the horsepower. A higher MSRP, higher maintenance and repair costs, a higher likelihood of theft, and higher horsepower will all result in higher insurance rates.
When it comes to comprehensive insurance coverage, it is important to understand what it entails. Comprehensive insurance generally covers damage to another person's property or injuries/fatalities resulting from an accident where you are at fault. It also covers collisions with another vehicle where your car is damaged. However, it is important to note that comprehensive insurance typically only pays for the total value of the car at the time of the accident, not the remaining loan amount. If you owe more than the car's value, you may need to consider additional coverage options, such as Gap insurance, to cover the difference.
Mercedes-Benz Insurance Services is the dedicated insurance service provider for Mercedes-Benz AG. They offer comprehensive insurance coverage for Mercedes-Benz vehicles, providing protection against material damage and any resulting loss of earnings. With comprehensive insurance, you can have peace of mind knowing that you are covered for a wide range of scenarios, reducing the financial burden associated with unexpected events.
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Frequently asked questions
On average, Mercedes drivers pay around $1,664 annually for insurance, making it relatively expensive compared to other cars. However, the cost can differ depending on the model. The Mercedes-Benz GLA 250 is the cheapest model to insure, at an average of $1,374 per year. The Mercedes-Benz AMG C 63 is the most expensive, costing around $1,952 per year.
The insurance cost of a Mercedes is influenced by various factors, including the model year, driver characteristics such as age, gender, driving history, and location, as well as the type of coverage. For example, younger drivers tend to pay more for insurance, and rates can vary depending on the state. Additionally, the higher the horsepower and value of the car, the higher the insurance cost tends to be.
To find affordable insurance for a Mercedes, it is recommended to compare quotes from multiple insurance companies, as rates can vary significantly between providers. GEICO, for example, offers annual premiums below $800 for certain Mercedes models. Considering a model with lower horsepower and moderate value, such as the Mercedes-Benz GLA 250, can also help keep insurance costs down. Additionally, joining a family's multi-vehicle policy and maintaining a good driving record can help younger drivers obtain more affordable rates.
