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Car insurance for Mercedes

Updated Feb 28, 2022
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Mercedes-Benz sold just over 2 million vehicles in 2021, a 5% decline in sales compared to recent years. If you are the owner of a high-end Mercedes (with a high price tag), having a comprehensive car insurance policy is important to financially protect you and your family from extensive repair costs. But as you might imagine, the cost of insuring a Mercedes can be much more expensive than insuring a less luxurious vehicle.

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How much does it cost to insure a Mercedes?

In general, the cost of Mercedes insurance is significantly more expensive than the average premium for a standard vehicle. Average car insurance rates for most Mercedes models are above $2,000, which is much costlier than the U.S. national average rate of $1,655 per year for full coverage (based on Quadrant Information Services data).

For car insurance, each vehicle make and model has different premiums. Luxury vehicles like those manufactured by Mercedes-Benz typically cost more to insure since they are more costly to repair and many are designed for speed. Luckily, many Mercedes vehicles are equipped with the latest safety technology that may help you save on your insurance premium.

  • Price of parts: Mercedes parts are relatively expensive compared to other makes. Since repairing Mercedes vehicles is expensive, insurance companies may charge higher premiums.
  • Safety features: Mercedes vehicles include countless premium safety features, including an automatic collision braking system called Pre-Safe, DISTRONIC cruise control, Attention Assist and Night View Assist.

Car insurance for a Mercedes: by model

Of the models we analyzed, full coverage car insurance for Mercedes was the cheapest for the C300 on average. While the premiums below may be useful for comparison, keep in mind that exact rates will vary for every driver. To see what your premium would be, you may want to request quotes from the top insurance providers in your area.

Car insurance for Mercedes C300

The C300 comes equipped with top features, including DISTRONIC®, an adaptive cruise control system that can drive a pre-set distance behind the car in front of you, while braking and accelerating accordingly. The car also comes equipped with several safety features, such as lane assistant and a rear cross-traffic alert. These features may contribute to a lower premium for your C300.

C300 car insurance Average annual premium
Minimum coverage $494
Full coverage $2,187

Car insurance for Mercedes C-Class

This sedan is labeled one of the Insurance Institute for Highway Safety’s (IIHS) 2021 Top Safety Picks list. The vehicle scored “superior” ratings for both vehicle-to-vehicle and vehicle-to-pedestrian crash prevention for their optional systems. These safety features may help you save on your premium. However, keep in mind that the C-Class is a fast, luxury vehicle, which may reflect a relatively high full coverage premium.

C-Class car insurance Average annual premium
Minimum coverage $500
Full coverage $2,255

Car insurance for Mercedes E-Class

Like the C-Class, the E-Class sedan comes in as one of IIHS’s top safety picks for 2021. The vehicle earns top ratings for almost all of its safety features, which include blind spot assistance, active brake assistance, seven airbags and anti-lock brakes. These top-of-the-line safety features could lower your insurance. However, like the C-Class, the E-Class is designed for luxury and speed, making it a relatively expensive vehicle to insure.

E-Class car insurance Average annual premium
Minimum coverage $509
Full coverage $2,553

Cheapest car insurance companies for Mercedes

While auto insurance for Mercedes models often has higher premiums like other luxury vehicles, the best auto insurance providers offer competitive rates. Our insurance editorial team found that Amica, Erie and USAA offer the lowest full coverage insurance rates on average across the three Mercedes models we assessed. However, keep in mind that actual insurance rates will vary for every driver. You may want to request quotes from each provider to see how much you would pay based on your characteristics.

Average annual premium for full coverage by model

Car insurance company C300 C-Class E-Class
Amica $1,574 $1,637 $1,756
Erie $1,501 $1,555 $1,925
Geico $1,987 $1,921 $2,542
State Farm $1,777 $1,883 $2,028
USAA $1,565 $1,605 $1,872

Mercedes features that impact insurance costs

Mercedes vehicles typically come standard with top-of-the line safety features, which could help you save on your car insurance. Common Mercedes safety features include:

  • Brake assist: This emergency braking system uses sensors to detect when an object, vehicle or pedestrian is in your path. If you don’t brake, brake assist can make an emergency stop.
  • Rain-sensing windshield wipers: These wipers automatically adjust their frequency to match the amount of rain falling. This helps drivers stay focused on the road.
  • Anti-theft alarm system: If someone attempts to break into your vehicle, an alarm sounds and lights flash to warn you or onlookers.
  • Lane-keeping assist: This tool uses sensors to determine whether you are driving within your lane. If you drift, your car will alert you.

However, due to the COVID-19 pandemic, most auto manufacturers, including Mercedes, are experiencing a chip shortage. For Mercedes specifically, the chip shortage has affected the camera for MBUX Augmented Reality and the LTE communication module. New Mercedes vehicles are being built without these parts, which control features like real-time traffic. However, when these chips become available, vehicle owners can take their vehicle to a Mercedes dealership to have the features retrofitted.

Other car insurance coverage for a Mercedes

If you’re looking for the best car insurance for your Mercedes, you may want to consider purchasing more than the minimum liability insurance required by your state. If you are involved in an accident and your insurance does not cover the total cost of damages or medical expenses, you may have to pay out of pocket. To offer the most amount of protection, insurance experts typically recommend purchasing full coverage, which helps pay for damage to your vehicle after an accident. Without this coverage, potential vehicle repair and replacement costs would fall solely on you.

Common coverage options include gap insurance, which pays the difference between how much you owe on your vehicle and what it is currently worth, and roadside assistance coverage, which helps you if you end up stranded on the side of the road in your vehicle. Additional coverage options can give you peace of mind. If you are unsure which coverage options make sense to purchase, you may be interested in speaking with a licensed insurance agent.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Mercedes of the following model types, commute five days a week and drive 12,000 miles annually:

  • Mercedes C300
  • Mercedes C-Class
  • Mercedes E-Class

These are sample rates and should only be used for comparative purposes.

Written by
Lizzie Nealon
Insurance Contributor

Lizzie Nealon is an insurance contributor for Bankrate and enjoys making home, auto and life insurance digestible for readers so they can prepare for the future.

Edited by Managing Editor