Why You’re Paying Too Much for Mercedes-Benz E300 Insurance

• Mercedes E300 car insurance costs $2,274 per year (about $190 per month) on average for a full coverage policy, but can vary significantly based on driver age.
• The E300 is one of the cheaper midsize luxury cars to insure, costing $223 less per year on average when compared to rest of the 2019 segment.
• Drivers can find the cheapest insurance on the base Sedan trim at $2,244 per year, while the E300 4Matic Sedan is slightly more expensive at $2,304 per year.

How much does Mercedes E300 insurance cost?

Expect to pay an average of $2,274 a year for full coverage to insure a Mercedes-Benz E300, which is equal to $190 a month. Comprehensive (or other-than-collision) coverage is around $550 a year, liability and medical (or PIP) coverage costs an estimated $496, and the remaining collision coverage is an estimated $1,228.

The cost summary chart below details average car insurance rates on a 2019 Mercedes-Benz E300 with a variety of different driver ages and risk profiles.

The table below details average annual and 6-month car insurance policy costs, in addition to a monthly rate for budgeting, for each 2019 Mercedes-Benz E300 model and trim level.

The following table shows average Mercedes E300 car insurance premiums for the 2017 to 2019 model years and for various driver ages.

We covered average insurance rates by trim level and model year in the tables above. The list below discusses some additional rates for different situations like high-risk coverage, cost by driver gender, and teenage drivers.

• Earn a discount from your profession. The vast majority of car insurance providers offer discounts for being employed in occupations like nurses, high school and elementary teachers, scientists, engineers, members of the military, dentists, and others. Obtaining this discount may save between $68 and $202 on your annual insurance cost, depending on the age of the driver.
• High-risk Mercedes-Benz E300 car insurance is expensive. For a 20-year-old driver, the requirement to buy a high-risk policy could end up with a rate increase of $3,614 or more per year.
• Young males pay a lot more for insurance. For a 2019 Mercedes E300, a 20-year-old male driver will pay an estimated rate of $4,614 per year, while a 20-year-old female driver will pay an average of $3,276, a difference of $1,338 per year. Women get significantly cheaper rates. But by age 50, the male rate is $1,996 and female driver rates are $1,956, a difference of only $40.
• Mercedes-Benz E300 insurance rates for teenagers are high. Average rates for full coverage E300 insurance costs $8,012 per year for a 16-year-old driver, $7,830 per year for a 17-year-old driver, $7,145 per year for an 18-year-old driver, and $6,446 per year for a 19-year-old driver.
• Bad drivers pay more. Multiple at-fault accidents raise rates, potentially as much as $3,274 per year for a 20-year-old driver and as much as $648 per year for a 50-year-old driver.
• Avoid driving violations to reduce policy cost. If you want the most reasonable price on E300 insurance rates, it’s necessary to follow traffic laws. A few traffic tickets could possibly raise insurance policy rates by as much as $598 per year. Being convicted of a major violation such as DUI/DWI and felony use of a motor vehicle could raise rates by an additional $2,116 or more.
• Research discounts to save money. Discounts may be available if the insureds are homeowners, insure their home and car with the same company, are military or federal employees, belong to certain professional organizations, or many other discounts which could save the average driver as much as $386 per year on their insurance cost.

How does Mercedes E300 car insurance cost rank?

The Mercedes-Benz E300 ranks 11^th out of 39 comparison vehicles in the 2019 midsize luxury car class for car insurance affordability.

The E300 costs an average of $2,274 per year for insurance and the category average policy cost is $2,497 annually, a difference of $223 per year.

When compared directly to the other luxury models, insurance rates for a Mercedes-Benz E300 cost $134 more per year than the Lexus ES 350, $170 less than the BMW 530i, and $340 less than the Infiniti Q50.

The table below shows how insurance cost for a 2019 Mercedes-Benz E300 compares to the rest of the midsize luxury competition like the Lincoln MKZ, Mercedes-Benz CLA250, and the Audi A6. The ‘Difference’ column shows how much more or less each model costs to insure when compared to the E300.