Insurance Rates for a Mercedes-Benz E350: Cost, Insights, and Savings

• Mercedes E350 car insurance costs an average of $2,654 per year, or around $221 per month for full coverage.
• The cheapest E350 trim to insure is the 4Matic Sedan trim level at an estimated $2,620 per year.
• The E350 Sedan is the most expensive to insure at $2,688 per year.
• Out of 38 models in the midsize luxury car segment, the E350 ranks 13^th for insurance cost.

How much does Mercedes E350 insurance cost?

Ranked 13^th out of 38 vehicles in the midsize luxury car class, Mercedes-Benz E350 insurance costs on average $2,654 annually, or $221 each month. With the average midsize luxury car costing $2,899 a year to insure, the Mercedes-Benz E350 could save around $245 or more on an annual basis.

The rate chart below shows average insurance cost for a 2023 Mercedes-Benz E350 using variations of driver age and risk profiles.

The table below displays the estimated annual and 6-month policy costs, including a monthly budget figure, for each Mercedes-Benz E350 model package and trim level.

The following data table illustrates average Mercedes E350 car insurance policy premiums from the 2013 to the 2023 model years and a range of rated drivers.

How well do E350 insurance prices rank?

The Mercedes-Benz E350 ranks 13^th out of 38 total comparison vehicles in the midsize luxury car category for auto insurance affordability. The E350 costs an average of $2,654 per year for an auto insurance policy with full coverage, while the class average auto insurance cost is $2,899 annually, a difference of $245 per year.

When average rates are compared to some other models in the midsize luxury car category, insurance prices for a Mercedes E350 cost $194 more per year than the Lexus ES 350, $88 less than the BMW 530i, and $526 less than the Infiniti Q50.

The table below shows how well the E350 fares against the top 10 best-selling midsize luxury cars in America like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S.

Other rates and insights

Some additional notable observations as they relate to insurance cost on a Mercedes-Benz E350 include:

• More mature drivers get better rates than young drivers. The difference in insurance cost on a 2023 E350 between a 60-year-old driver ($2,196 per year) and a 30-year-old driver ($2,834 per year) is $638, or a savings of 25.4%.
• The higher deductible you choose, the lower the policy cost. Boosting your deductibles from $500 to $1,000 could save around $438 per year for a 40-year-old driver and $852 per year for a 20-year-old driver.
• Low deductibles will increase rates. Cutting your deductibles from $500 to $250 could cost an additional $458 per year for a 40-year-old driver and $904 per year for a 20-year-old driver.
• Excellent credit equals excellent rates. Drivers with high 800+ credit scores could save $417 per year versus a slightly lower credit rating between 670-739. Conversely, a less-than-good credit score could cost up to $483 more per year.
• Mercedes-Benz E350 insurance rates for teens are expensive. Average rates for full coverage E350 insurance costs $9,329 per year for a 16-year-old driver, $9,063 per year for a 17-year-old driver, $8,168 per year for an 18-year-old driver, and $7,427 per year for a 19-year-old driver.
• Driver age and gender matter. For a 2023 Mercedes-Benz E350, a 20-year-old man receives an average rate of $5,318 per year, while a 20-year-old female pays an average of $3,820, a difference of $1,498 per year in the women’s favor by a large margin. But by age 50, the cost for male drivers is $2,346 and the cost for a female driver is $2,288, a difference of only $58.
• Get cheaper rates because of your job. Many auto insurance companies offer policy discounts for occupations like lawyers, firefighters, nurses, college professors, members of the military, and others. Getting this discount applied to your policy could save between $80 and $233 on your yearly insurance cost, depending on your age.