Mercedes-Benz S500 Insurance Cost for 2023

• Mercedes-Benz S500 insurance costs an average of $2,598 per year for a full coverage policy, but can vary significantly based on driver age and other factors.
• Ranked 12^th out of 26 other models in the 2023 large luxury car class, car insurance rates for the Mercedes-Benz S500 cost $126 less per year than the average cost for the segment.
• The cheapest model of Mercedes-Benz S500 to insure is the 4Matic Luxury Line at an estimated $2,570 per year, or about $214 per month.

How much does Mercedes-Benz S500 insurance cost?

You will need to budget about $2,598 annually to insure a Mercedes-Benz S500. Average monthly insurance cost for the S500 ranges from $214 to $219, depending on the trim level being insured.

The 4Matic Luxury Line trim (MSRP of $111,100) is the cheapest model to insure, while the more expensive 4Matic AMG Line model (MSRP of $115,400) costs the most to insure.

The rate summary chart below shows average annual car insurance cost on a 2023 Mercedes-Benz S500 with a range of different policy situations.

The table below breaks down average annual, semi-annual, and monthly insurance cost for the packages available for the 2023 Mercedes-Benz S500.

Car insurance is not cheap, but understanding what factors impact rates can help you mitigate unforeseen cost increases. The list below shows some ways you can save money each month, and also goes into more detail regarding driver age and risk and their impact on rates.

• Polish up your credit rating for lower rates. Having a high credit score of 800+ could save $408 per year when compared to a credit rating between 670-739. Conversely, a poor credit score could cost around $473 more per year.
• Car insurance for high-risk drivers is expensive. For a 40-year-old driver, having too many accidents or violations could increase the cost by $3,098 or more per year.
• Gender and age are two big factors. For a 2023 Mercedes-Benz S500, a 20-year-old male pays an average price of $5,178 per year, while a 20-year-old female will pay an average of $3,814, a difference of $1,364 per year in the women’s favor by a large margin. But by age 50, the cost for male drivers is $2,360 and the rate for females is $2,310, a difference of only $50.
• Auto insurance is cheaper with higher deductibles. Boosting your deductibles from $500 to $1,000 could save around $460 per year for a 40-year-old driver and $902 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 $480 per year for a 40-year-old driver and $956 per year for a 20-year-old driver.
• Safer drivers pay lower rates. Multiple at-fault accidents raise rates, potentially up to $3,622 per year for a 20-year-old driver and even $1,038 per year for a 40-year-old driver.
• S500 insurance for teen drivers is expensive. Average rates for full coverage S500 insurance costs $8,982 per year for a 16-year-old driver, $8,500 per year for a 17-year-old driver, $7,980 per year for an 18-year-old driver, and $7,290 per year for a 19-year-old driver.
• Obey driving laws to save money. If you want the cheapest possible S500 insurance rates, it pays to obey traffic laws. A few minor lapses of judgement on your driving record have the potential to increase the price of a policy by as much as $678 per year. Serious convictions like reckless driving could raise rates by an additional $2,380 or more.

How does Mercedes S500 insurance cost compare?

When insurance prices are compared to other large luxury car models, insurance prices for a Mercedes-Benz S500 cost $368 more per year than the Volvo S90, $198 less than the BMW 740i, and $288 less than the Audi A8.

The Mercedes-Benz S500 ranks 12^th out of 26 total vehicles in the large luxury car category for car insurance affordability. The S500 costs an estimated $2,598 per year for full coverage insurance, while the class median price is $2,724 per year, a difference of $126 per year.

The chart below shows how average S500 car insurance cost compares to the top 10 most popular large luxury cars in the United States. A rankings table is also included following the chart displaying average insurance rates for all 26 models in the large luxury car class.