Get Better Rates For Mercedes Benz Car Insurance

Shopping for Mercedes Benz insurance? Costs vary by model. Comparing quotes is the best way to find the best rates. As a leading manufacturer of luxury vehicles, the company offers a large selection of top quality vehicles – particularly the C-Class Sedan, GLC and GLE SUVs.

All Mercedes Benz models are assessed for their unique characteristics – MSRP, safety rating, design features, engine and performance. Even though they cost more than the average vehicle, it doesn’t mean you should be paying significantly more for car insurance.

Do you own a Mercedes? Is your policy coming up for renewal? At ThinkInsure, we can help you get quotes and get the lowest Mercedes insurance.

About Mercedes Benz Insurance

Grey Mercedes sedan

Mercedes-Benz was founded on June 28th, 1926 as Diamler-Benz. The company has roots dating back to Karl Benz’s 1886 Benz Patent Motorwagen. This is regarded as the first ever gas powered automobile. This was the first of many technological innovations the company has been credited with over the years.

While the company specializes in luxury vehicles, it also manufacturers buses, coaches, and trucks. The company is headquartered in Stuttgart, Germany with offices across the world.

Mercedes is the largest selling luxury manufacturer in Canada and worldwide. In 2018, the company sold more than 2.3 million passenger vehicles. In Canada the company sold 42,875. Its pre-owned division in Canada saw a 5.7% increase in sales in 2018, selling 18,168 units.

How Much Does Mercedes Benz Insurance Cost?

Mercedes Benz insurance tends to be higher than the average vehicle. The higher retail value and the need for a comprehensive policy will increase insurance premiums. The average annual insurance cost can vary significantly based on the model. Rates can range anywhere from $1,250 to $2,000 or more per year.

Like with any other brand, payments will vary based on the model, vehicle features, limits, deductible amount, and many other factors. Standard models are more affordable than insurance for E-Class models, roadsters and convertibles.

Factors That Impact Mercedes Benz Insurance Rates

There are many factors that affect policy prices. Here are some factors specifically related to the brand :

  • High repair costs : Imported parts and the need for mechanics that specialize in Mercedes repairs drives up repair fees, something that can increase how much you will pay.
  • Strong safety features : Technology and innovation makes models safe and secure. In fact, while they may be a target, models rarely appear on the most stolen list. This helps to keep costs down.
  • Higher collision claims costs : Collision claims fees tend to be more than the average vehicle.
  • Model : The model you choose to drive affects what you pay. Choose less sporty models or SUVs to keep payments lower.