Mercedes-Benz Car Insurance Cost for 2023

As the largest premium automotive manufacturer in the world, the German-based Mercedes-Benz has an extensive history, dating back to 1926.

It was in that year when the Daimler-Motoren-Gesellschaft and Benz Patent-Motorwagen companies teamed up to produce the first Mercedes-Benz brand vehicle, under the Daimler-Benz flag.

After producing primarily military products until well after World War II, Daimler-Benz entered the U.S. automobile market in 1958 with the Studebaker brand. Mercedes-Benz USA was founded in 1965, and the U.S. market was introduced to the iconic 300SL Gullwing model.

Since then, many models have come and gone from showroom floors, but Mercedes quality still reflects their original slogan, “the best or nothing”.

As one of the pinnacle brands of luxury automobiles, how much does it cost to insure a Mercedes? We break down average rates for many models in the last 10 years, plus compare average Mercedes insurance cost to other luxury brands.

How much does Mercedes-Benz insurance cost?

Average Mercedes-Benz car insurance costs $2,480 per year for the 2023 model year. The Mercedes-Benz GLA250 has the cheapest average rates at $1,756 a year, while the Mercedes-Benz Maybach S680 costs as much as $3,764 per year to insure.

Monthly car insurance cost for 2023 Mercedes models ranges from $146 to $314 for full coverage. These values can vary considerably based on the model and trim level that you’re insuring, however.

The table below details the average cost to insure many Mercedes-Benz models, with average annual and monthly auto insurance cost shown for each model. Linked models have extensive cost comparisons including rates by trim level and segment ranking for all brands.

Is it expensive to buy insurance for a Mercedes-Benz?

Considering the average cost of car insurance in the U.S. is $1,728 per year, and the average cost to insure a Mercedes is $2,480, drivers can expect to pay around $752 more more per year to insure a Mercedes than the average vehicle.

Mercedes does have some of the more expensive car insurance rates, but does compare fairly well to the other luxury German brands. For example, Mercedes car insurance cost averages 6.1% more per year than Audi, 2% more than BMW, 4.9% less than Porsche, but a whopping 37.9% more than the non-luxury Volkswagen brand.

When compared to non-German luxury brands, Mercedes insurance cost doesn’t compare quite as well. Compared to Lexus, Mercedes insurance rates are 18.2% more per year. When compared to Acura and Infiniti, Mercedes insurance rates are 19.9% more and 12.7% more per year, respectively.

The chart below shows how average auto insurance cost for Mercedes vehicles ranks against other luxury brands. Mercedes is the orange bar on the left at $2,480 per year, while the luxury competitors are shown alphabetically to the right in blue.

It’s easy to see that Mercedes has some of the higher car insurance rates for luxury brands. It’s similar, yet higher, than the German Audi and BMW brands, but is considerably more than the Japanese Acura and Lexus brands. General Motors’ Cadillac brand and the Swedish Volvo brand are the cheapest of the bunch.

The next table takes the comparison one step further, and compares Mercedes-Benz car insurance cost to a wider variety of brands, not just luxury automakers. Included in the comparison are mainstream brands like Ford, Chevrolet, Honda, Toyota, and Nissan.

The difference column shows how much cheaper (green) or more expensive (red) car insurance costs on average for each brand when compared to Mercedes-Benz.

Due to the lack of red difference values, it’s pretty safe to say that Mercedes vehicles have some of the more expensive car insurance rates on average.

However, this is not to say that every Mercedes model has expensive insurance. In fact, some models are quite affordable within their luxury segments.

Since we use an average cost across all models, models like the Maybach S580, AMG S63, and AMG GT that cost anywhere from $153,000 to $325,000 definitely have more expensive insurance rates. This skews the average upward since some other luxury brands do not offer models at such high price points.

What is the cheapest Mercedes-Benz insurance?

For the 2023 model year, the cheapest Mercedes-Benz insurance is on the Mercedes-Benz GLA250, which is a small luxury SUV costing $1,756 per year to insure, or $146 per month.

In second place is the Mercedes-Benz GLB 250, which has an average insurance cost of $1,762 per year.

The list below shows the top five cheapest Mercedes models to insure for 2023. Also shown is the vehicle segment each model belongs to as well as annual and monthly average car insurance rates. Visit any model link for detailed rates by trim level, model year, and segment comparisons.

Top five cheapest Mercedes-Benz vehicles to insure for 2023

1. Mercedes-Benz GLA250 – (small luxury SUV) Annual insurance cost of $1,756 ($146 per month)
2. Mercedes-Benz GLB 250 – (small luxury SUV) Annual insurance cost of $1,762 ($147 per month)
3. Mercedes-Benz GLC300 – (small luxury SUV) Annual insurance cost of $1,844 ($154 per month)
4. Mercedes-Benz GLA35 AMG – (small luxury SUV) Annual insurance cost of $1,964 ($164 per month)
5. Mercedes-Benz AMG CLA35 – (midsize luxury car) Annual insurance cost of $1,974 ($165 per month)