Exploring Mercedes-Benz EQB 300 Car Insurance Costs: Ultimate Rate Breakdown

We compared rate quotes for the 4Matic Premium SUV model up to the 4Matic Pinnacle SUV trim to find out how insurance rates on the EQB 300 measure up to other small luxury SUVs.

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  • Car insurance rates for a Mercedes-Benz EQB 300 average $2,492 per year or around $208 per month.
  • The cheapest model of Mercedes-Benz EQB 300 to insure is the 4Matic Premium SUV at around $2,454 per year, or about $205 per month.
  • Out of 38 vehicles in the 2024 small luxury SUV segment, the EQB 300 ranks 22nd for auto insurance affordability.

How much does Mercedes-Benz EQB 300 insurance cost?

Ranked 22nd out of 38 vehicles in the small luxury SUV class, Mercedes-Benz EQB 300 insurance costs around $2,492 a year, or around $208 on a monthly basis.

With the average small luxury SUV costing $2,541 a year to insure, the Mercedes-Benz EQB 300 could save you around $49 less on your annual car insurance bill than similar models.

The cost summary chart below shows average annual car insurance cost for a 2024 model year Mercedes EQB 300 using a range of driver ages and risk profiles.

Average 2024 Mercedes-Benz EQB 300 insurance premiums for different driver ages and risk scenarios.
Figure 1: Average 2024 Mercedes-Benz EQB 300 insurance premiums for different driver ages and risk scenarios. Rates updated on June 26, 2025.

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Data Methodology: Average rates are for a 2024 model year Mercedes-Benz EQB 300 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Mercedes-Benz EQB 300 trim levels.

2024 Mercedes-Benz EQB 300 Insurance Cost Summary
Driver Risk Profile Annual Premium Cost Per Month
High Risk Driver Age 30$5,716$476
Safe Driver Age 20$5,014$418
At-fault Accidents Age 40$3,508$292
Low Deductibles Age 40$3,318$277
Safe Driver Age 30$2,666$222
Safe Driver Age 40$2,492$208
Safe Driver Age 50$2,198$183
Discount Rate Age 40$2,070$173
High Deductibles Age 40$2,066$172
Safe Driver Age 60$2,060$172

Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2024 Mercedes-Benz EQB 300 trim levels. Updated June 26, 2025

Which EQB 300 model costs the least to insure? The table below breaks out average rates for each of the trims available on the 2024 SUV model, with the cheapest to insure being the 4Matic Premium SUV model.

2024 Mercedes-Benz EQB 300 Insurance Rates by Trim Level
2024 Mercedes-Benz EQB 300 Trim Level Annual Premium Cost Per Month
4Matic Premium SUV$2,454$205
4Matic Exclusive SUV$2,484$207
4Matic Pinnacle SUV$2,532$211

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated June 26, 2025

Insurance cost by trim level for a 2024 Mercedes-Benz EQB 300 ranging from the 4Matic Premium SUV model at $2,454 per year to the 4Matic Pinnacle SUV model at $2,532
Insurance cost by trim level for a 2024 Mercedes-Benz EQB 300 ranging from the 4Matic Premium SUV model at $2,454 per year to the 4Matic Pinnacle SUV model at $2,532

Mercedes-Benz EQB 300 insurance rates compared

As stated before, the Mercedes-Benz EQB 300 ranks 22nd out of 38 total comparison vehicles in the small luxury SUV category for most affordable car insurance cost.

When compared directly to popular vehicles in the small luxury SUV segment, car insurance prices for a Mercedes-Benz EQB 300 cost $20 less per year than the Mercedes-Benz GLC300, $272 less than the BMW X3, and $114 less than the Audi Q5.

The following table shows how EQB 300 insurance rates compare to all other models in the 2024 compact luxury SUV segment.

Insurance Cost Comparison: Mercedes-Benz EQB 300 vs Small Luxury SUVs
Rank Make and Model Annual Premium Difference
1Acura RDX$1,958-$534
2Lexus NX 250$2,072-$420
3Cadillac XT4$2,114-$378
4Lexus NX 350h$2,210-$282
5Lincoln Corsair$2,236-$256
6Mercedes-Benz GLB 250$2,240-$252
7Lexus UX 250h$2,246-$246
8Lexus NX 450h$2,258-$234
9Mercedes-Benz GLA250$2,282-$210
10Mercedes-Benz GLA35 AMG$2,290-$202
11Land Rover Evoque$2,336-$156
12Lexus NX 350$2,348-$144
13Volvo XC40$2,356-$136
14Volvo XC60$2,370-$122
15Alfa Romeo Tonale$2,376-$116
16Mercedes-Benz GLA45 AMG$2,388-$104
17BMW X1$2,420-$72
18Infiniti QX55$2,424-$68
19Volvo C40$2,442-$50
20BMW X2$2,452-$40
21Lexus RZ 450e$2,478-$14
22Mercedes-Benz EQB 300$2,492--
23Mercedes-Benz GLC300$2,512$20
24Mercedes-Benz EQB 350$2,552$60
25Genesis GV70$2,582$90
26Audi Q3$2,596$104
27Audi Q5$2,606$114
28Alfa Romeo Stelvio$2,630$138
29Land Rover Range Rover Velar$2,660$168
30BMW X4$2,712$220
31Audi Q4$2,736$244
32BMW X3$2,764$272
33Genesis GV60$2,848$356
34Porsche Macan$2,894$402
35Jaguar I-Pace$2,926$434
36Land Rover Defender$3,042$550
37Jaguar F-Pace$3,130$638
38Aston Martin DBX$4,562$2,070

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated June 26, 2025

At $2,492 per year, insurance cost for a 2024 Mercedes-Benz EQB 300 ranks 22nd out of 38 models in the small luxury SUV segment
At $2,492 per year, insurance cost for a 2024 Mercedes-Benz EQB 300 ranks 22nd out of 38 models in the small luxury SUV segment

A 2024 Mercedes-Benz EQB 300 has an average MSRP of $56,183, ranging from the cheapest 4Matic Premium SUV model at $54,500 to the most expensive 4Matic Pinnacle SUV costing $58,300.

The vehicles in the small luxury SUV segment closest in price to the Mercedes-Benz EQB 300 are the Mercedes-Benz GLA45 AMG, Alfa Romeo Stelvio, Genesis GV70, and Audi Q5. The next list shows how they compare to a 2024 Mercedes-Benz EQB 300 for MSRP and the cost to insure.

  • Compared to the Mercedes-Benz GLA45 AMG – With an average dealer MSRP of $56,900 ($55,400 to $58,400), the Mercedes-Benz GLA45 AMG costs $717 more than the MSRP for the Mercedes-Benz EQB 300. Insuring a 2024 Mercedes-Benz EQB 300 compared to the Mercedes-Benz GLA45 AMG costs an average of $104 more annually.
  • Compared to the Alfa Romeo Stelvio – Having an average purchase price of $56,968 ($45,375 to $87,275), the Alfa Romeo Stelvio costs $785 more than the average sticker price for the Mercedes-Benz EQB 300. The cost to insure a Mercedes-Benz EQB 300 compared to the Alfa Romeo Stelvio is $138 less each year on average.
  • Compared to the Genesis GV70 – The average MSRP for a 2024 Mercedes-Benz EQB 300 is $1,251 cheaper than the Genesis GV70, at $56,183 compared to $57,434. Insurance on a 2024 EQB 300 costs an average of $90 less every 12 months than the Genesis GV70.
  • Compared to the Audi Q5 – The average MSRP for a 2024 Mercedes-Benz EQB 300 is $1,308 more expensive than the Audi Q5, at $56,183 compared to $54,875. Insuring a Mercedes-Benz EQB 300 compared to the Audi Q5 costs an average of $114 less per year.