Car insurance for Mercedes

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Mercedes-Benz sold around 2.4 million vehicles in 2020. If you are the owner of a new Mercedes, you may be searching for the best car insurance for you.

The average cost of full coverage car insurance is $1,674 per year, according to Bankrate’s 2021 study of quoted annual premiums. Several factors can affect individual premiums, including the make and model of your vehicle. Other factors that might affect your premium include age (except Hawaii), location, credit score (in most states) and driving history.

Models included in this review:

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

How much does it cost to insure a Mercedes?

The average cost of full coverage car insurance in the United States is $1,674 per year based on up-to-date rates gathered from Quadrant Information Services. Each vehicle make and model has a different average insurance premium. 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 be able to 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.

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 agents typically recommend purchasing full coverage, which helps pay for damage to your vehicle after an at-fault 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 Writer
Lizzie Nealon is an insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor