Mercedes car insurance: What are the cheapest Mercedes-Benz models to insure?

Mercedes Benz makes luxury vehicles and sports cars so it should come as no surprise that the cost to insure a Benz is often much more than a standard car.

When we ran the numbers, we found that the average annual cost to insure a Mercedes was $2,593 which is a whopping 47.5% higher than the national average for car insurance which was $1,758 this year.

When we ran the numbers for used Benz insurance, we also found that it was often cheaper to insure the 2021 model than other older models. This follows a nationwide trend this year in soaring used car prices that extend across most car brands and a drop in insurance rates.

Insurance costs can vary dramatically depending on the specific Mercedes you are shopping for. On the low end, the Metris (Mercedes passenger van) costs a mere $1,497 to insure but if you put a G63 in your garage you can expect to pay $3,341 a year for coverage.

An important part of the car-shopping process is checking insurance rates for the vehicle you are considering, in many cases, you may be surprised by the cost. Finding the perfect car only to discover you can’t afford to insure it is never fun.

We have pulled together the rates for the most popular Mercedes models to help you make sure you can truly afford your new ride.

Keep reading to check out the rates for the most popular Mercedes models in a variety of categories.

Contents

Table of Contents

Table of Contents

• Mercedes-Benz insurance cost by model
• Mercedes C300 insurance cost
• Mercedes G63 insurance
• Mercedes GLA250 insurance
• Mercedes GLE350 insurance
• Mercedes Metris insurance cost
• How to budget and save on Mercedes car insurance

Mercedes-Benz insurance cost by model

Mercedes makes a wide variety of vehicles. Everything from passenger vans to high-end luxury sports cars are available and the insurance costs can vary dramatically. While the Metris is a bargain when it comes to insurance, once you move into a luxury sports car like the S63, your insurance costs will skyrocket.

In most cases, the cost to insure a Mercedes will be higher than a standard vehicle due to a variety of factors. Mercedes are luxury vehicles that often come with a high price, luxurious interiors and big engines, all factors that push up insurance costs.

The S560 4MATIC Coupe has a starting price of $131,000, produces 463 HP and can hit 60 mph in 4.5 seconds which is why it costs an average of $3,501 a year to insure.

However, Mercedes also makes more affordable vehicles that can be reasonable to insure. As an example, the GLA250 starts at around $38,000 and the national average for insurance comes in at $1,730 which is slightly below the national average across all car models.

One advantage that Mercedes offers when it comes to affordable insurance is cutting edge safety features and high safety ratings which can result in a discount on your premium.

The 2021 C-Class is an Insurance Institute for Highway Safety (IIHS) Top Safety Pick and comes with Active Brake Assist, Crosswind Assist, Active Steering Assist and even Evasive Steering Assist. Insurers love advanced safety features and offer a discount for vehicles that have them as standard equipment.

Here is a quick list of every 2021 Mercedes model and the average national cost for insurance coverage:

It’s important to remember that your specific premium is based on a wide variety of personal factors such as where you live and your driving record so your insurance costs may be higher or lower than the average listed here.

Let’s have a look at some of the most popular Mercedes models in a bit more detail. We pulled the insurance rates from the most popular Mercedes models in a variety of categories, everything from their passenger van to the high-end G63 is detailed below.

Mercedes C300 insurance cost

The C300 is a Mercedes-Benz C-class mid-range coupe. It starts at around $51,000 and is an IIHS Top Safety Pick for 2021 which should help keep your insurance premium fairly affordable.

The national average to insure the C300 was $2,121, making it one of the more affordable Mercedes to insure on our list.

The C300 puts out a fairly modest 255 hp and comes standard with all-wheel drive. A variety of safety features help to keep you safe out on the road while also lowering your insurance premium via discounts.

Insurance cost for used Mercedes C300

Insurance rates stay pretty similar even for a used C300. In fact, according to our data, the 2021 C300 is slightly cheaper to insure than all of the previous model years we looked at, even the 2017 model.

If you are in the market for a used C300, expect to pay roughly the same amount as you would for a brand new one.

Mercedes G63 insurance

The G63 is the top of the line when it comes to Mercedes SUVs, and it comes with a price tag and insurance premium to match.

The G63 starts at around $163,000 and will set you back $3,341 a year for Mercedes insurance. It packs 577 HP under the hood and can hit the 60-mph mark in around 4.5 seconds which is always a red flag for insurers.

Big engines and high-top speeds are considered major risks by insurers and they will charge a higher premium for it.

The G63 comes with a variety of standard advanced safety equipment, including automated emergency braking, standard lane-keeping assist and adaptive cruise control but some of the more advanced Mercedes safety features are missing from this high-end SUV which may contribute to its high cost to insure.

Insurance cost for used Mercedes G63

Much like the rest of the Mercedes lineup, insuring a used G63 will cost roughly the same as insuring a new one. The risk factors of a vehicle don’t really change as it ages, the only difference is the value of the car and that is usually reflected in a slightly lower insurance premium.

However, Mercedes are luxury vehicles that hold their value well, so don’t expect a huge discount if you choose a used G63.

Mercedes GLA250 insurance

The GLA 250 is a Mercedes entry-level compact crossover that starts at around $49,000. It will cost an additional $1,730 to insure which is very affordable, in fact, the GLA250 is the cheapest Mercedes to insure except for the Metris.

The GLA 250 has a reasonable turbocharged 2.0-liter inline-four that cranks out a manageable 221 horsepower. While this SUV has enough power to get you around off-road, the engine won’t send your insurance premium skyrocketing.

This Benz comes with a pair of 7-inch screens that will help you stay informed and entertained with one acting as a central command while the other shows gauge data.

Insurance cost for used Mercedes GLA250

As you can see, insurance rates tend to stay in roughly the same price range as a policy for a used GLA250. Like many of the other vehicles on our list, it is actually slightly cheaper to insure a brand new GLA250 than one that is a year or two older.

This could be due to a number of reasons and there is no real way to determine the exact cause of the premium dip, but it could be due to additional advanced safety features being added to the latest model year.

Mercedes GLE350 insurance

The GLE350 is a mid-size SUV that starts around $64,000 and costs $2,005 a year to insure. This SUV is the baby in the GLE family, and it has a turbocharged four-cylinder under the hood that puts out an easy to control 255 horsepower.

While the GLE350 is well equipped, there are a few upgrades available that you may want to consider. The Premium package adds a Burmester audio system, 360-degree camera, and a 115-volt household-style power outlet while the Warmth and Comfort package puts heated front upper door panels and front armrests into the mix.

The IIHS named the GLE a Top Safety Pick+ and it comes with these advanced safety features:

• Automated emergency braking with pedestrian detection
• Blind-spot monitoring with rear cross-traffic alert
• Available adaptive cruise control with semi-autonomous driving mode

Insurance cost for used Mercedes GLE350

The insurance rates for the GLE350 tend to stay roughly the same from year to year with a small rate decrease when you hit the 2017 model year. Much like the rest of the Mercedes we looked at, the 2021 model is actually cheaper to insure than a used one.

This follows a trend that popped up across car insurance rates this year. Typically, insurance costs go up slightly each year, but this year the national car insurance rate dropped 3% across all major car brands.

This is in line with the consumer price index that showed an overall drop in auto insurance costs year-over-year, from February of 2020 to 2021, of around 3%.

Mercedes Metris insurance cost

The Metris is by far the cheapest Mercedes to insure with an annual premium of $1,497. This city van is available as a cargo van or as a passenger van that can seat up to 8 people. The Metris starts at around $32,000 for the cargo setup and $36,000 if you are hauling passengers.

Vans are usually cheaper to insure as the interiors tend to be fairly bare-bones and they have a smallish engine under the hood. The Metris is an excellent example, it has a turbocharged four-cylinder engine that puts out a mere 208 horsepower.

The Metris really shines in the towing department, it is capable of towing 5000 pounds and a new 7.0-inch touchscreen infotainment system adds a bit of comfort.

The Metris has not been safety rated by any major organizations, but it does come with a few advanced safety features including standard automated emergency braking, standard blind-spot monitoring and available lane-keeping assist.

Insurance cost for used Mercedes Metris

The Metris insurance rates drop slightly for the 2017 model year but in general, they stay roughly the same from year to year. Vans are usually very affordable to insure, and Metris is no exception, with a rate that is well below the national average.

How to budget and save on Mercedes car insurance

While Mercedes does make a variety of high-end and luxury vehicles, they also produce cars and SUVs that come with both an affordable price tag and insurance premium to match.

When it comes to shopping for a new or used vehicle it is important to consider all the costs of ownership. This not only includes maintenance and registration fees but also the cost to insure your new ride. 

You don’t want to find your dream car only to realize you cannot afford to insure it. If you are in the market for a new Mercedes, or any other vehicle for that matter, you should always get an insurance quote to make sure you can truly afford the vehicle.

Let’s have a quick look at ways to save money on car insurance as well as a few factors that will impact your insurance rates.

Factors insurers consider

Insurance companies consider a variety of personal and vehicle factors when setting a premium.

Here are just a few factors they consider:

• Horsepower: Vehicles with big engines and tons of horsepower will always cost more to insure than a boring sedan with a 4 cylinder under the hood. High horsepower cars are often driven fast which can lead to accidents and claims.
• Safety features: Advanced safety features will typically result in a discount, lowering your premium. Insurers love technology that helps to prevent accidents and will discount your premium if your car is loaded with advanced safety features.
• Luxury interior: Luxury appointments, such as teak wood interior, heated leather seats and even advanced technology can push up the cost of car insurance as your insurer will have to pay to repair or replace it if it is damaged by a covered peril.
• Your driving history: Insurers will look at your driving record as well as anyone else that has access to the vehicle. Lots of tickets, accidents or claims will push your premium up.

Tips to save on car insurance costs

There are several ways to save on car insurance, even if you are driving a Mercedes.

Here are a few tips to consider:

• Shop your coverage: This is one of the best ways to save money on car insurance. Insurers rate risk differently which can lead to dramatic differences in premium quotes. Shop at least three insurance companies and make sure you are comparing apples to apples when it comes to coverage limits and deductibles.
• Discounts: Insurance companies offer a wide variety of discounts, and they can help keep your premium affordable. Ask your insurer to do a discount review on your policy to make sure all available discounts are applied to your policy.
• Raise your deductible: Your premium will go down if you raise your deductible as insurance companies love it when you have more skin in the game. If you can afford to double your deductible your premium should drop a bit, always choose a deductible that you can easily afford in the event you have to make a claim.

Mark Vallet

Contributing Researcher

Mark is a freelance journalist and analyst with over 15 years of experience covering the insurance industry. He has extensive experience creating and editing content on a variety of subjects with deep expertise in insurance and automotive writing. He has written for autos.com, carsdirect.com, DARCARS and Madtown Designs to name just a few. He is also a professional blogger and a skilled web content creator who consistently turns out engaging, error-free writing while juggling multiple projects.