- Mercedes-Benz EQS 580 insurance rates cost $3,428 per year on average, or about $286 per month, for a policy with full coverage.
- The cheapest EQS 580 to insure is the 4Matic Premium Sedan model at an estimated $3,384 per year. The most expensive is the 4Matic Pinnacle Sedan at $3,466 annually.
- Out of 24 other vehicles in the large luxury car segment, the EQS 580 ranks 20th for insurance cost.
How much does Mercedes-Benz EQS 580 insurance cost?
Ranked 20th out of 24 vehicles in the large luxury car class, Mercedes-Benz EQS 580 insurance rates average $3,428 per year. Average monthly insurance cost ranges from $282 to $289, depending on the trim level being insured.
The 4Matic Premium Sedan trim (MSRP of $128,500) is the cheapest model to insure, while the more expensive 4Matic Pinnacle Sedan model (MSRP of $134,000) costs the most to insure.
With the average large luxury car costing $3,036 a year to insure, the Mercedes-Benz EQS 580 costs an average of $392 more every 12 months.
The cost summary chart below breaks down a summary of car insurance rates for an EQS 580 using a range of policy scenarios.
The next table displays the estimated yearly and semi-annual policy costs, in addition to a monthly amount for budgeting, for each Mercedes-Benz EQS 580 package and trim level.
| 2024 Mercedes-Benz EQS 580 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| 4Matic Premium Sedan | $3,384 | $282 |
| 4Matic Exclusive Sedan | $3,434 | $286 |
| 4Matic Pinnacle Sedan | $3,466 | $289 |
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 February 23, 2024
How do Mercedes EQS 580 car insurance rates compare?
When compared to other large luxury cars, insurance rates for a Mercedes-Benz EQS 580 cost $1,182 more per year than the Audi A5, $356 more than the BMW 740i, and $356 less than the Porsche Panamera.
The table below ranks all 24 vehicles in the 2024 large luxury sedan segment, with the EQS 580 highlighted and ranked at classrank nicemm=”Mercedes-Benz EQS 580″].
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Audi A5 | $2,246 | -$1,182 |
| 2 | Volvo S90 | $2,324 | -$1,104 |
| 3 | Genesis G90 | $2,494 | -$934 |
| 4 | Mercedes-Benz AMG E53 | $2,504 | -$924 |
| 5 | Mercedes-Benz EQS 450 | $2,530 | -$898 |
| 6 | Lexus LS 500 | $2,608 | -$820 |
| 7 | Lexus LS 500h | $2,642 | -$786 |
| 8 | BMW 840i | $2,718 | -$710 |
| 9 | BMW i7 | $2,756 | -$672 |
| 10 | Audi RS 7 | $2,854 | -$574 |
| 11 | BMW M850i | $3,060 | -$368 |
| 12 | BMW 740i | $3,072 | -$356 |
| 13 | BMW 750e | $3,082 | -$346 |
| 14 | Mercedes-Benz AMG GT43 | $3,104 | -$324 |
| 15 | Audi S8 | $3,140 | -$288 |
| 16 | Mercedes-Benz S500 | $3,220 | -$208 |
| 17 | Audi A8 | $3,226 | -$202 |
| 18 | BMW 760i | $3,244 | -$184 |
| 19 | Mercedes-Benz S580 | $3,374 | -$54 |
| 20 | Mercedes-Benz EQS 580 | $3,428 | -- |
| 21 | Mercedes-Benz Maybach S580 | $3,726 | $298 |
| 22 | Mercedes-Benz AMG EQS | $3,762 | $334 |
| 23 | Porsche Panamera | $3,784 | $356 |
| 24 | Mercedes-Benz Maybach S680 | $3,974 | $546 |
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 February 23, 2024
Additional rates and information
Car insurance rates are determined by many factors, some of which we discussed in the data above like driver age, risk profile, and vehicle trim level. The list below details some additional factors that can impact rates, along with some ways to reduce the cost.
- Avoid driving violations to reduce policy cost. If you want to pay the best EQS 580 insurance rates, it pays to drive conservatively. A few moving violations have the consequences of raising insurance cost by up to $870 per year.
- Earn discounts to save money. Discounts may be available if the insureds are senior citizens, choose electronic billing, are accident-free, are claim-free, are good students, or many other discounts which could save the average driver as much as $580 per year on the cost of insuring an EQS 580.
- Teen drivers cost a lot to insure. Average rates for full coverage EQS 580 insurance costs $11,501 per year for a 16-year-old driver, $11,349 per year for a 17-year-old driver, $10,565 per year for an 18-year-old driver, and $9,484 per year for a 19-year-old driver.
- Earn a discount from your occupation. The vast majority of insurance companies offer discounts for having a job in professions like doctors, nurses, engineers, high school and elementary teachers, college professors, lawyers, and others. By earning this discount, you may save between $103 and $185 on your annual EQS 580 insurance cost, depending on your policy.
- Age and gender affect car insurance rates. For a 2024 Mercedes-Benz EQS 580, a 20-year-old male will have an average rate of $6,854 per year, while a 20-year-old female pays an average of $4,886, a difference of $1,968 per year in favor of the women by a long shot. But by age 50, male rates are $2,990 and female rates are $2,938, a difference of only $52.
- Higher physical damage deductibles lower policy cost. Boosting your physical damage deductibles from $500 to $1,000 could save around $682 per year for a 40-year-old driver and $1,344 per year for a 20-year-old driver.
- Choosing a low deductible may not make good financial sense. Lowering deductibles from $500 to $250 could cost an additional $712 per year for a 40-year-old driver and $1,422 per year for a 20-year-old driver.