- Mercedes-Benz G550 insurance costs $4,656 per year ($388 per month) on average for a full coverage policy.
- When compared to other large luxury SUVs, the Mercedes-Benz G550 is one of the more expensive large luxury SUVs to insure, costing $1,029 more per year on average.
How much does Mercedes G550 car insurance cost?
Mercedes-Benz G550 insurance averages around $4,656 annually for full coverage, or around $388 on a monthly basis. Expect to pay about $1,029 more annually to insure a Mercedes-Benz G550 as compared to the average rate for large luxury SUVs, and $2,435 more per year than the overall all-vehicle national average of $2,221.
The following chart demonstrates how average Mercedes G550 car insurance rates fluctuate with differences in driver age and the chosen policy deductibles.
The following table shows average insurance rates for the 2013 to 2024 model years. Prices are broken down for both annual and semi-annual policy terms.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 Mercedes-Benz G550 | $4,656 | $388 |
| 2023 Mercedes-Benz G550 | $3,854 | $321 |
| 2022 Mercedes-Benz G550 | $3,754 | $313 |
| 2021 Mercedes-Benz G550 | $3,522 | $294 |
| 2020 Mercedes-Benz G550 | $3,402 | $284 |
| 2019 Mercedes-Benz G550 | $3,224 | $269 |
| 2018 Mercedes-Benz G550 | $3,610 | $301 |
| 2017 Mercedes-Benz G550 | $3,450 | $288 |
| 2016 Mercedes-Benz G550 | $2,554 | $213 |
| 2015 Mercedes-Benz G550 | $2,482 | $207 |
| 2014 Mercedes-Benz G550 | $2,212 | $184 |
| 2013 Mercedes-Benz G550 | $2,482 | $207 |
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 Mercedes-Benz G550 trim levels for each model year. Updated June 26, 2025
How does G550 insurance compare to other SUVs?
When Mercedes G550 car insurance rates are compared to top-selling vehicles in the large luxury SUV class, the G550 costs $1,508 more per year than the Mercedes-Benz GLS450, $1,906 more than the Volvo XC90, $1,400 more than the Cadillac Escalade, and $1,664 more than the BMW X7.
The Mercedes-Benz G550 ranks 12th out of 13 comparison vehicles in the large luxury SUV category. The G550 costs an estimated $4,656 per year to insure and the category average is $3,627 per year, a difference of $1,029 per year.
The table below shows how the average car insurance cost for a Mercedes-Benz G550 compares to the most popular large luxury SUVs like the Mercedes-Benz GLS450, Volvo XC90, and BMW X7.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Infiniti QX80 | $2,626 | -$2,030 |
| 2 | Volvo XC90 | $2,750 | -$1,906 |
| 3 | Lexus LX 600 | $2,942 | -$1,714 |
| 4 | BMW X7 | $2,992 | -$1,664 |
| 5 | Lincoln Navigator | $3,002 | -$1,654 |
| 6 | Mercedes-Benz GLS450 | $3,148 | -$1,508 |
| 7 | Cadillac Escalade | $3,256 | -$1,400 |
| 8 | BMW Alpina XB7 | $3,820 | -$836 |
| 9 | Mercedes-Benz EQS 580 SUV | $4,202 | -$454 |
| 10 | Land Rover Range Rover | $4,236 | -$420 |
| 11 | Mercedes-Benz Maybach GLS 600 | $4,490 | -$166 |
| 12 | Mercedes-Benz G550 | $4,656 | -- |
| 13 | Mercedes-Benz G63 AMG | $5,036 | $380 |
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 27, 2025
A few additional observations regarding the cost of insurance for a Mercedes-Benz G550 include:
- Increase deductibles to save money. Increasing your policy deductibles from $500 to $1,000 could save around $862 per year for a 40-year-old driver and $1,752 per year for a 20-year-old driver.
- Choosing a low deductible will increase the insurance policy price. Lowering the comprehensive and collision deductibles from $500 to $250 could cost an additional $904 per year for a 40-year-old driver and $1,866 per year for a 20-year-old driver.
- Get cheaper rates because of your job. Most auto insurance providers offer policy discounts for being employed in professions like emergency medical technicians, scientists, college professors, farmers, nurses, and other occupations. By qualifying for this discount, you may save between $140 and $228 on your G550 insurance cost.
- Policyholder gender affects insurance rates. For a 2024 Mercedes G550, a 20-year-old man pays an estimated $9,600 per year, while a 20-year-old woman pays an estimated $6,764, a difference of $2,836 per year. The females get the cheaper rate by far. But by age 50, the male rate is $4,066 and rates for female drivers are $3,984, a difference of only $82.
- Avoid accidents and save. Having at-fault accidents will cost you more, as much as $6,886 per year for a 20-year-old driver and even as much as $1,108 per year for a 60-year-old driver.
- Avoid traffic tickets to pay less. To receive the cheapest G550 car insurance rates, it pays off to be a safe driver. As a matter of fact, just a couple of traffic violations could result in raising insurance policy rates by at least $1,260 per year. Serious misdemeanors like hit-and-run, DUI, or reckless driving could raise rates by an additional $4,458 or more.
- G550 insurance is expensive for high-risk drivers. For a 40-year-old driver, being required to buy a high-risk insurance policy can potentially increase rates by $5,778 or more per year.