Cheap Mercedes Auto Insurance in 2024

While you should always expect to pay higher rates for luxury cars, Mercedes-Benz vehicles are some of the most expensive cars to insure. One of the biggest reasons for higher insurance rates is that Mercedes-Benz cars are generally expensive. You can find a new Mercedes for less than $40,000, but some models cost over $150,000.

Larger price tags come with higher replacement and repair costs, which your insurance company has to cover if something happens to your car. This financial risk is why you’ll see higher auto insurance rates, but there are plenty of ways to save money on Mercedes auto insurance.

Read on to learn where to find affordable Mercedes auto insurance quotes and what you can do to keep your rates low. Then compare rates with as many companies as possible to find the best policy for your Mercedes.

Auto Insurance for a Mercedes-Benz

Most Mercedes-Benz vehicles cost between $40,000 and $75,000 for the latest models, but you can easily spend over $150,000. Luxury cars like Mercedes-Benz not only come with larger price tags, but they also cost more to insure.

Mercedes-Benz and other luxury cars cost more to insure for a variety of reasons, but the primary reason is that they cost more to repair and replace. Generally speaking, policy rates increase as the price tag increases because insurance companies have to absorb those repair and replacement costs.

Although it plays a lesser role in your rates, you’ll also pay more when you have a high-performance car because drivers are more likely to get speeding tickets or reckless driving charges.

The average American driver pays about $138 a month for full coverage car insurance, which is significantly less than what the average Mercedes-Benz driver pays. If you buy a Mercedes-Benz, you’ll pay closer to $200 a month for full coverage.

Finding cheap insurance for a Mercedes-Benz isn’t as easy as it is for a standard vehicle, but there are ways to lower your auto insurance rates. While you have several options to save, one of the easiest is to compare quotes from as many companies as possible.

Mercedes-Benz Insurance Costs by Company

There are many factors that affect the car insurance price for a Mercedes, and the company you choose will influence how much you pay. State Farm auto insurance generally has the most affordable Mercedes car insurance quotes. Other affordable options include Geico auto insurance and Nationwide auto insurance.

On the other side of the scale, Allstate and Progressive auto insurance often have some of the highest rates for Mercedes-Benz and other luxury cars. Sometimes at over $500 a month, most drivers will find more affordable coverage elsewhere.

Learn how to compare auto insurance quotes online to see which companies offer the most affordable Mercedes-Benz insurance rates in your state.

Mercedes-Benz Insurance Costs by Model

While Mercedes-Benz insurance is expensive, some models come with cheaper rates than others. To see how much you might pay for insurance based on the model you buy, check the average rates below:

Average Monthly Full Coverage Auto Insurance Rates for Mercedes-Benz Vehicles by Model

As you can see, significant variation exists between rates for different models. The G63 AMG insurance cost differs from the S450 rates. For example, insurance for a Mercedes-Benz GLA250 is relatively affordable, while an S450 is considerably more expensive.

This table presents a comparison of auto insurance premiums for a variety of Mercedes models, including the C300, GLS-Class, and Sprinter. Examining this data yields valuable insights into the relative insurance expenses for Mercedes-Benz owners and those considering a purchase.

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Factors That Affect Auto Insurance Prices for Mercedes-Benz

No matter what type of car you buy, the same factors affect your auto insurance rates. Although companies look at the same elements, they use unique formulas to determine your rates.

No matter what Mercedes-Benz model you buy, the following factors will impact your rates:

• Mercedes class: Mercedes offers several different class types, with A-Class Mercedes costing less than the S-Class. S-Class Mercedes models also come with higher insurance rates.
• Mercedes model: As you saw, the model you buy can significantly change how much you pay for car insurance. The most expensive models for car insurance tend to be convertibles.
• Age and gender: Insurance companies keep careful track of who makes claims. Since men and young drivers are statistically more likely to get into accidents or drive recklessly, they pay higher rates. Learn more about how age affects auto insurance rates.
• Location: Companies also know how many claims are filed by ZIP code, meaning some areas will see higher rates than others. You can see different rates by moving even a single ZIP code.
• Marital status: Single people tend to file more claims than their married counterparts, so many companies offer discounted rates for married people.
• Driving history: Having serious infractions on your driving record, like speeding tickets or DUIs, can dramatically increase your rates. You might need high-risk auto insurance if you have too many incidents.
• Credit score: Unless you live in California, Massachusetts, or Hawaii, insurance companies can use your credit score to help determine your rates. The lower your credit score, the higher your insurance will be. Shop for no-credit-check auto insurance to get cheaper rates.

You’ll also pay more for insurance if you want high levels of coverage. Since most drivers pay a lot for a Mercedes-Benz, they usually benefit from full coverage. Full coverage costs more than minimum insurance, but it offers your Mercedes much better protection.

Ways to Save Money on Insurance for Mercedes-Benz

Finding affordable insurance for a Mercedes-Benz can be difficult, especially compared to standard cars. However, lowering your insurance rates isn’t hopeless. Try the following tips to keep your rates low:

• Add security. Most insurance companies will give you a discount on your insurance if you have security systems installed in your car. Popular security add-ons include audible alarms and GPS tracking systems.
• Look for discounts. Companies offer auto insurance discounts to help their customers save. How many discounts a company offers should be something you look for when you’re searching for coverage.
• Find a safe parking spot. You’ll probably see lower rates if you make sure to park your Mercedes in a safe place every night, like a covered garage or private driveway.
• Keep your record clean. You saw above that companies look at your driving record to determine your rates. If you keep your record clean, you’ll pay less for car insurance.
• Enroll in a telematics program. Most major companies offer usage-based car insurance programs that track your driving habits. You can save up to 40% on your car insurance if you regularly drive safely.

While the above tips are great ways to save on auto insurance, comparing rates is the most crucial step in finding affordable coverage. Companies use different formulas, which means you’ll see different rates depending on the company you are looking at.

Mercedes-Benz Financial Services

Mercedes-Benz offers its Financial Services (MBFS) program to help new drivers buy and manage their car insurance. While you’re free to purchase coverage from any company you’d like, the MBFS program is an easy option for managing your policy.

Mercedes-Benz doesn’t sell its own car insurance, though. Instead, the MBFS program partners with Liberty Mutual. You can buy the same coverage through the MBFS that all Liberty Mutual customers can, but MBFS gives you tools crafted specifically for Mercedes vehicles.

For example, you can use the Mercedes-Benz insurance premium calculator to see how much your monthly bill will be for different levels of coverage. The MBFS program also makes it easy to prepay for maintenance or buy an extended warranty, as well as manage dent repairs, key replacements, windshield repairs, and tire services.

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Find the Best Auto Insurance for Mercedes-Benz Today

All luxury cars come with higher car insurance rates, and Mercedes-Benz is no exception. In fact, Mercedes-Benz auto insurance quotes tend to be a little higher than some other luxury brands like Lexus. Even though Mercedes-Benz rates are generally high, there are plenty of ways to save.

No matter which model you buy, you can find the best auto insurance for a Mercedes-Benz by looking at multiple companies. By comparing quotes with as many companies as possible, you’ll find the best policy for your Mercedes.

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