Mercedes-Benz EQB 300 Insurance Cost – 2023 Rates and Rankings

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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Stylized illustration of a Mercedes-Benz EQB 300 4MATIC SUV
  • Car insurance rates for a Mercedes-Benz EQB 300 average $1,954 per year or around $163 per month.
  • The cheapest model of Mercedes-Benz EQB 300 to insure is the 4Matic Premium SUV at around $1,928 per year, or about $161 per month.
  • Out of 37 vehicles in the 2023 small luxury SUV segment, the EQB 300 ranks 23rd for auto insurance affordability.

How much does Mercedes-Benz EQB 300 insurance cost?

Ranked 23rd out of 37 vehicles in the small luxury SUV class, Mercedes-Benz EQB 300 insurance costs around $1,954 a year, or around $163 on a monthly basis.

With the average small luxury SUV costing $1,909 a year to insure, the Mercedes-Benz EQB 300 could cost you around $45 more on your annual car insurance bill than similar models.

The cost summary chart below shows average annual car insurance cost for a 2023 model year Mercedes EQB 300 using a range of driver ages and risk profiles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 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. Physical damage 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.Data last updated on December 30, 2022
Mercedes-Benz EQB 300 Insurance Cost Summary
2023 Mercedes-Benz EQB 300 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,454$371
Safe Driver Age 20$3,900$325
At-fault Accidents Age 40$2,756$230
Low Deductibles Age 40$2,570$214
Safe Driver Age 30$2,066$172
Safe Driver Age 40$1,954$163
Safe Driver Age 50$1,780$148
Safe Driver Age 60$1,746$146
High Deductibles Age 40$1,640$137
Discount Rate Age 40$1,622$135

Which EQB 300 model costs the least to insure? The table below breaks out average rates for each of the trims available on the 2023 SUV model, with the cheapest to insure being the 4Matic Premium SUV model.

2023 Mercedes-Benz EQB 300 Insurance Cost by Trim Level
Mercedes-Benz EQB 300 Trim Level Annual Policy Six-Month Policy Per Month
4Matic Premium SUV$1,928$964$161
4Matic Exclusive SUV$1,950$975$163
4Matic Pinnacle SUV$1,986$993$166

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Mercedes-Benz EQB 300, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Mercedes-Benz EQB 300 Insurance Cost by Trim Level

Mercedes-Benz EQB 300 insurance rates compared

As stated before, the Mercedes-Benz EQB 300 ranks 23rd out of 37 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 $156 more per year than the Mercedes-Benz GLC300, $122 less than the BMW X3, and $36 less than the Audi Q5.

The following table shows how EQB 300 insurance rates compare to all other models in the 2023 compact luxury SUV segment.

Insurance Cost Comparison: Mercedes-Benz EQB 300 vs Small Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Acura RDX$1,472-$482
2Cadillac XT4$1,592-$362
3Volvo XC40$1,622-$332
4Lexus UX 250h$1,650-$304
5Mercedes-Benz GLA250$1,712-$242
6Mercedes-Benz GLB 250$1,718-$236
7Lexus NX 250$1,740-$214
8Lexus NX 350h$1,760-$194
9Lexus NX 350$1,770-$184
10Lincoln Corsair$1,772-$182
11Lexus NX 450h$1,776-$178
12BMW X1$1,788-$166
13Alfa Romeo Tonale$1,790-$164
14Mercedes-Benz GLC300$1,798-$156
15Lexus RZ 450e$1,802-$152
16Volvo XC60$1,806-$148
17Audi Q3$1,820-$134
18Land Rover Evoque$1,828-$126
19Volvo C40$1,846-$108
20Infiniti QX55$1,908-$46
21Mercedes-Benz GLA35 AMG$1,914-$40
22Genesis GV70$1,944-$10
23Mercedes-Benz EQB 300$1,954--
24Genesis GV60$1,958$4
25Mercedes-Benz GLA45 AMG$1,968$14
26Alfa Romeo Stelvio$1,978$24
27Audi Q5$1,990$36
28Land Rover Range Rover Velar$1,996$42
29Mercedes-Benz EQB 350$2,000$46
30BMW X4$2,038$84
31Land Rover Defender$2,044$90
32Jaguar F-Pace$2,054$100
33Audi Q4$2,066$112
34Porsche Macan$2,070$116
35BMW X3$2,076$122
36Jaguar I-Pace$2,194$240
37Aston Martin DBX$3,424$1,470

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on December 29, 2022
Insurance Cost Comparison: Mercedes-Benz EQB 300 vs Small Luxury SUVs

A 2023 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 Land Rover Evoque, Audi Q5, Mercedes-Benz GLA45 AMG, and Volvo XC60. The next list shows how they compare to a 2023 Mercedes-Benz EQB 300 for MSRP and the cost to insure.

  • Compared to the Land Rover Evoque – With an average dealer MSRP of $56,150 ($46,400 to $79,200), the Land Rover Evoque costs $33 less than the MSRP for the Mercedes-Benz EQB 300. Insuring a 2023 Mercedes-Benz EQB 300 compared to the Land Rover Evoque costs an average of $126 more annually.
  • Compared to the Audi Q5 – Having an average purchase price of $56,858 ($44,200 to $68,500), the Audi Q5 costs $675 more than the average sticker price for the Mercedes-Benz EQB 300. The cost to insure a Mercedes-Benz EQB 300 compared to the Audi Q5 is $36 less each year on average.
  • Compared to the Mercedes-Benz GLA45 AMG – The average MSRP for a 2023 Mercedes-Benz EQB 300 is $717 cheaper than the Mercedes-Benz GLA45 AMG, at $56,183 compared to $56,900. Insurance on a 2023 EQB 300 costs an average of $14 less every 12 months than the Mercedes-Benz GLA45 AMG.
  • Compared to the Volvo XC60 – The average MSRP for a 2023 Mercedes-Benz EQB 300 is $1,021 cheaper than the Volvo XC60, at $56,183 compared to $57,204. Insuring a Mercedes-Benz EQB 300 compared to the Volvo XC60 costs an average of $148 more per year.