Mercedes-Benz EQS 580 Insurance Cost Comparisons [2022 Rates]

How much does EQS 580 insurance cost? We compare average rates for this electric Mercedes-Benz luxury sedan and see how they rank against similar models.

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  • Mercedes-Benz EQS 580 insurance rates cost $2,342 per year on average, or about $195 per month, for a policy with full coverage.
  • The cheapest EQS 580 to insure is the 4Matic Premium model at an estimated $2,310 per year. The most expensive is the 4Matic Pinnacle at $2,370 annually.
  • Out of 25 other vehicles in the large luxury car segment, the EQS 580 ranks #14 for insurance cost.

How much does Mercedes-Benz EQS 580 insurance cost?

Ranked #14 out of 25 vehicles in the large luxury car class, Mercedes-Benz EQS 580 insurance rates average $2,342 per year. Average monthly insurance cost ranges from $193 to $198, depending on the trim level being insured.

The 4Matic Premium trim (MSRP of $119,100) is the cheapest model to insure, while the more expensive 4Matic Pinnacle model (MSRP of $125,310) costs the most to insure.

With the average large luxury car costing $2,392 a year to insure, the Mercedes-Benz EQS 580 costs an average of $50 less 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Mercedes-Benz EQS 580 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 EQS 580 trim levels.Data last updated on April 20, 2022
Mercedes-Benz EQS 580 Insurance Cost Summary
Mercedes-Benz EQS 580 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,316$443
Safe Driver Age 20$4,658$388
At-fault Accidents Age 40$3,272$273
Low Deductibles Age 40$3,152$263
Safe Driver Age 30$2,492$208
Safe Driver Age 40$2,342$195
Safe Driver Age 50$2,124$177
Safe Driver Age 60$2,086$174
Discount Rate Age 40$1,942$162
High Deductibles Age 40$1,924$160

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.

2022 Mercedes-Benz EQS 580 Insurance Cost by Trim Level
Mercedes-Benz EQS 580 Trim Level Annual Policy 6-month Policy Per Month
4Matic Premium$2,310$1,155$193
4Matic Exclusive$2,342$1,171$195
4Matic Pinnacle$2,370$1,185$198

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Mercedes-Benz EQS 580, 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 April 2, 2022
Mercedes-Benz EQS 580 Insurance Cost by Trim Level

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 $566 more per year than the Audi A5, $178 less than the BMW 740i, and $292 less than the Porsche Panamera.

The table below ranks all 25 vehicles in the 2022 large luxury sedan segment, with the EQS 580 highlighted and ranked at classrank nicemm=”Mercedes-Benz EQS 580″].

Mercedes-Benz EQS 580 Insurance Cost Comparison
Rank Make/Model Insurance Cost Difference
1Audi A5$1,776-$566
2Volvo S90$1,960-$382
3Lexus LS 500$2,034-$308
4Mercedes-Benz AMG E53$2,068-$274
5Genesis G90$2,070-$272
6Mercedes-Benz AMG GT43$2,116-$226
7Lexus LS 500h$2,178-$164
8BMW 840i$2,190-$152
9BMW 745e$2,230-$112
10Mercedes-Benz EQS 450$2,282-$60
11Infiniti Q60$2,290-$52
12Mercedes-Benz S500$2,318-$24
13Audi RS 7$2,324-$18
14Mercedes-Benz EQS 580$2,342--
15BMW M850i$2,496$154
16Mercedes-Benz S580$2,500$158
17BMW 740i$2,520$178
18Audi S8$2,558$216
19BMW 750i$2,580$238
20Audi A8$2,588$246
21Porsche Panamera$2,634$292
22Mercedes-Benz S560$2,750$408
23BMW Alpina B8$2,886$544
24BMW M760i$2,978$636
25Mercedes-Benz Maybach S580$3,132$790

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 model year, 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, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on April 2, 2022
Mercedes-Benz EQS 580 Insurance Cost Comparison

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 $604 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 $400 per yearon the cost of insuring an EQS 580.
  • Teen drivers cost a lot to insure. Average rates for full coverage EQS 580 insurance costs $8,062 per year for a 16-year-old driver, $7,634 per year for a 17-year-old driver, $7,168 per year for a 18-year-old driver, and $6,550 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 $70 and $158 on your annual EQS 580 insurance cost, depending on your policy.
  • Age and gender affect car insurance rates. For a 2022 Mercedes-Benz EQS 580, a 20-year-old male will have an average rate of $4,658 per year, while a 20-year-old female pays an average of $3,434, a difference of $1,224 per year in favor of the women by a long shot. But by age 50, male rates are $2,124 and female rates are $2,080, a difference of only $44.
  • Higher physical damage deductibles lower policy cost. Boosting your physical damage deductibles from $500 to $1,000 could save around $418 per year for a 40-year-old driver and $816 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 $432 per year for a 40-year-old driver and $860 per year for a 20-year-old driver.