Insuring a Mercedes-Benz

Almost since their inception, Mercedes-Benz vehicles have served as prominent status symbols. Their exceptional craftsmanship, dramatic styling and impeccable designs have helped them rise to the top in the world of luxury vehicles. To get your hands on one of these gorgeous vehicles, you must be prepared to part with a great deal of money. Anyone who owns a top-quality Mercedes-Benz will agree, however, that it's money well spent. With price tags that stretch well into the six-figure rage, these cars cost a pretty penny. They aren't cheap to insure either. Even if you have an impeccable driving record, you're going to have to pay a lot to buy car coverage for these vehicles. The average annual cost to cover one of these vehicles is $2,248.68, and the brand ranks 32nd on a list of 36 vehicles. Find out why these vehicles are so costly to protect below.

Model Statistics

C-Class
C-Class
What type of Coverage do C-class Owners Choose?
Model Legend
$1,033

Average Annual Cost to Insure

E-Class
E-Class
What type of Coverage do E-class Owners Choose?
Model Legend
$586

Average Annual Cost to Insure

ML-Class
ML-Class
What type of Coverage do Ml-class Owners Choose?
Model Legend
$2,000

Average Annual Cost to Insure

CLK-Class
CLK-Class
What type of Coverage do Clk-class Owners Choose?
Model Legend
$920

Average Annual Cost to Insure

S-Class
S-Class
What type of Coverage do S-class Owners Choose?
Model Legend
$1,300

Average Annual Cost to Insure

300-Class
300-Class
What type of Coverage do 300-class Owners Choose?
Model Legend
$1,100

Average Annual Cost to Insure

SLK-Class
SLK-Class
What type of Coverage do Slk-class Owners Choose?
Model Legend
$600

Average Annual Cost to Insure

GLK-Class
GLK-Class
What type of Coverage do Glk-class Owners Choose?
Model Legend
$1,200

Average Annual Cost to Insure

SL-Class
SL-Class
What type of Coverage do Sl-class Owners Choose?
Model Legend
$523

Average Annual Cost to Insure

CL-Class
CL-Class
What type of Coverage do Cl-class Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

GL-Class
GL-Class
What type of Coverage do Gl-class Owners Choose?
Model Legend
$1,400

Average Annual Cost to Insure

CLS-Class
CLS-Class
What type of Coverage do Cls-class Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

190-Class
190-Class
What type of Coverage do 190-class Owners Choose?
Model Legend
$1,300

Average Annual Cost to Insure

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A Look into the History of the Automaker

In 1886 in Germany, Karl Benz created the first automobile. It's fitting that his last name is featured in the name of such a distinguished luxury brand. The other part of the brand's name, Mercedes, was the name of a daughter of one of the suppliers. From practically the very beginning, Mercedes-Benz used Daimler engines. The actual brand didn't make its debut until 1926, however. These vehicles were always known for their superior styling, design and performance. The brand produced the first production car with four-wheel suspension. Beyond that, the most innovative thing about these vehicles has been their impeccable appearances and amazing performance.

Low Theft Rates Reduce Insurance Costs

Mercedes would probably appear in the top three of the most expensive cars to protect if it was a popular target for car thieves. Luckily that's not the case. The National Insurance Crime Bureau keeps track of the most-stolen vehicles in the United States. In the overall top-ten list, you won't find a single Mercedes-Benz. None of their vehicles show up in the top-ten lists for any of the 50 states either. This factor helps to keep policy costs at least a little lower than they'd otherwise be.

Customer Statistics

Top 5 Insurance Companies

Coverage Type

  • Geico
    11%
  • State Farm
    10%
  • Allstate
    5%
  • Progressive
    5%
  • Liberty
    3%

Male Vs. Female (percent)

Average Age (years)

57 Male
43 Female
47

Credit Score

Education

Important Factors

  • Price
    45%
  • Coverage options
    33%
  • Customer service
    15%
  • You don't care, you just need car insurance
    6%

High Safety Ratings Soften the Blow Too

Insurers offer lower premiums for vehicles that have been shown to be safe. Safety ratings and crash test results play significant roles in the premium-calculation process. Mercedes-Benz vehicles are, in general, very safe. However, the U.S. government has not performed regular tests on these vehicles. The Insurance Institute for Highway Safety has conducted extensive crash tests on E-class vehicles. They received top scores of "Good" nearly across the board. A few second-best "Acceptable" ratings were also sprinkled into the mix, but it's clear that these cars are very safe.

Exorbitant Price Tags Cause Astronomical Rates

The biggest reason for the high cost to insure the typical model is its price tag. These luxury vehicles do not come cheaply. As an example, the E63 AMG sedan has a starting MSRP of $88,900. That is actually on the more affordable end of the scale when you're talking about one of these cars. The G550 SUV has a starting MSRP of $107,100. Finally, the SL63 AMG convertible, which is one of the most gorgeous examples out there, starts at just over $140,000.


The typical cost to cover these vehicles includes:

  • E63 AMG 8-Cylinder Sedan - $2,310.00
  • G550 8-Cylinder SUV - $2,322.00
  • SL63 AMG 8-Cylinder Convertible - $2,615.00
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