Mercedes-Benz EQB 350 Insurance Cost – 2023 Rates and Rankings

We break down rates from the base EQB 350 4Matic Premium up to the loaded 4Matic Pinnacle trim level to see how insurance prices compare to the entire compact luxury SUV class.

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  • Mercedes-Benz EQB 350 insurance rates average $2,000 per year or $1,000 for a semi-annual policy, but can vary a lot based on the policy limits.
  • The 2023 Mercedes-Benz EQB 350 is one of the more expensive small luxury SUVs to insure, costing $91 more per year on average as compared to the rest of the vehicles in the segment.
  • The cheapest EQB 350 trim to insure is the 4Matic Premium SUV trim level at an estimated $1,980 per year.
  • The EQB 350 4Matic Pinnacle SUV is the most expensive to insure at $2,016 per year.

How much does Mercedes-Benz EQB 350 insurance cost?

Drivers should budget around $2,000 per year for a full coverage policy to insure a Mercedes-Benz EQB 350, or around $167 a month.

Rates vary considerably depending on your age, location, driving record, and other factors, and the chart below shows average car insurance cost for an EQB 350 using a range of policy scenarios.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Mercedes-Benz EQB 350 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 350 trim levels.Data last updated on December 30, 2022
Mercedes-Benz EQB 350 Insurance Cost Summary
2023 Mercedes-Benz EQB 350 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,554$380
Safe Driver Age 20$3,990$333
At-fault Accidents Age 40$2,818$235
Low Deductibles Age 40$2,632$219
Safe Driver Age 30$2,114$176
Safe Driver Age 40$2,000$167
Safe Driver Age 50$1,820$152
Safe Driver Age 60$1,788$149
High Deductibles Age 40$1,676$140
Discount Rate Age 40$1,658$138

Insurance rates also depend on the exact EQB 350 model that you’re insuring. As with most other vehicles, the more a trim level costs, generally the higher the insurance cost will be as well.

The next table demonstrates this, as it breaks down the range of rates for a 2023 model year EQB 300 by trim level.

2023 Mercedes-Benz EQB 350 Insurance Cost by Trim Level
Mercedes-Benz EQB 350 Trim Level Annual Policy Six-Month Policy Per Month
4Matic Premium SUV$1,980$990$165
4Matic Exclusive SUV$2,000$1,000$167
4Matic Pinnacle SUV$2,016$1,008$168

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Mercedes-Benz EQB 350, 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 350 Insurance Cost by Trim Level

Additional factors that affect insurance cost

Car insurance rates consist of a complex formula with many inputs that can either raise or lower the final policy price. The list below details some additional factors that impact the cost of insurance on an EQB 350.

  • Good credit can save money. Having an over-800 credit score may save $314 per year compared to a credit rating between 670-739. Conversely, a poor credit score could cost as much as $364 more per year.
  • As driver age increases, insurance rates tend to go down. The difference in 2023 Mercedes-Benz EQB 350 insurance cost between a 50-year-old driver ($1,820 per year) and a 30-year-old driver ($2,114 per year) is $294, or a savings of 13.9%.
  • Bad drivers pay more. At-fault accidents raise insurance rates, possibly by an extra $2,810 per year for a 20-year-old driver and as much as $606 per year for a 60-year-old driver.
  • Mercedes-Benz EQB 350 insurance for teen drivers is expensive. Average rates for full coverage EQB 350 insurance costs $7,116 per year for a 16-year-old driver, $6,678 per year for a 17-year-old driver, $6,246 per year for an 18-year-old driver, and $5,668 per year for a 19-year-old driver.
  • Raising deductibles results in a cheaper policy. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $324 per year for a 40-year-old driver and $638 per year for a 20-year-old driver.
  • Low physical damage deductibles increases cost. Decreasing your policy deductibles from $500 to $250 could cost an additional $338 per year for a 40-year-old driver and $674 per year for a 20-year-old driver.

How does EQB 350 insurance cost compare?

The Mercedes-Benz EQB 350 ranks 29th out of 37 total comparison vehicles in the small luxury SUV category for car insurance affordability. The EQB 350 costs an average of $2,000 per year for insurance and the segment average insurance cost is $1,909 annually, a difference of $91 more per year.

When compared side-by-side to some other models in the small luxury SUV category, insurance prices for a Mercedes-Benz EQB 350 cost $202 more per year than the Mercedes-Benz GLC300, $76 less than the BMW X3, and $10 more than the Audi Q5.

The table below shows how average EQB 350 car insurance cost compares to all other compact luxury SUV models for the 2023 model year.

Insurance Cost Comparison: Mercedes-Benz EQB 350 vs Small Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Acura RDX$1,472-$528
2Cadillac XT4$1,592-$408
3Volvo XC40$1,622-$378
4Lexus UX 250h$1,650-$350
5Mercedes-Benz GLA250$1,712-$288
6Mercedes-Benz GLB 250$1,718-$282
7Lexus NX 250$1,740-$260
8Lexus NX 350h$1,760-$240
9Lexus NX 350$1,770-$230
10Lincoln Corsair$1,772-$228
11Lexus NX 450h$1,776-$224
12BMW X1$1,788-$212
13Alfa Romeo Tonale$1,790-$210
14Mercedes-Benz GLC300$1,798-$202
15Lexus RZ 450e$1,802-$198
16Volvo XC60$1,806-$194
17Audi Q3$1,820-$180
18Land Rover Evoque$1,828-$172
19Volvo C40$1,846-$154
20Infiniti QX55$1,908-$92
21Mercedes-Benz GLA35 AMG$1,914-$86
22Genesis GV70$1,944-$56
23Mercedes-Benz EQB 300$1,954-$46
24Genesis GV60$1,958-$42
25Mercedes-Benz GLA45 AMG$1,968-$32
26Alfa Romeo Stelvio$1,978-$22
27Audi Q5$1,990-$10
28Land Rover Range Rover Velar$1,996-$4
29Mercedes-Benz EQB 350$2,000--
30BMW X4$2,038$38
31Land Rover Defender$2,044$44
32Jaguar F-Pace$2,054$54
33Audi Q4$2,066$66
34Porsche Macan$2,070$70
35BMW X3$2,076$76
36Jaguar I-Pace$2,194$194
37Aston Martin DBX$3,424$1,424

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 30, 2022
Insurance Cost Comparison: Mercedes-Benz EQB 350 vs Small Luxury SUVs