Pay Less and Get More: Mercedes-Benz S560 Insurance 2023 Guide

How much are Mercedes S560 car insurance rates? We analyzed rates from the base S560 sedan up to the convertible trim level to discover how insurance prices rank against the large luxury car segment.

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  • Mercedes S560 car insurance rates average $3,076 per year (about $256 per month) for full coverage.
  • Insurance rates on a S560 range from $3,038 to $3,112 per year for the average driver, depending on trim level.
  • Ranked 22nd out of 25 vehicles in the large luxury car segment, average car insurance rates for the Mercedes-Benz S560 cost $400 more per year than the segment average.

How much does Mercedes S560 insurance cost?

Expect to pay an average of $3,076 per year to insure a 2022 Mercedes-Benz S560 for full coverage, or around $256 a month. If analyzed by type of coverage, comprehensive (or other-than-collision) coverage is around $792 a year, collision coverage is an estimated $1,696, and the remaining liability and medical coverage will cost about $588.

The bar chart below details how average Mercedes-Benz S560 auto insurance rates can change with differences in driver age and different policy deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2022 Mercedes-Benz S560 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Mercedes-Benz S560 trim levels.Data last updated on August 12, 2023
Mercedes-Benz S560 Car Insurance Rates
2022 Mercedes-Benz S560 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$5,042$420
$500$6,156$513
$250$7,336$611
30$1,000$2,668$222
$500$3,280$273
$250$3,922$327
40$1,000$2,512$209
$500$3,076$256
$250$3,664$305
50$1,000$2,286$191
$500$2,792$233
$250$3,326$277
60$1,000$2,246$187
$500$2,744$229
$250$3,268$272

The rate table below illustrates average Mercedes S560 car insurance policy premiums for the 2018 to 2022 model years.

Mercedes-Benz S560 Insurance Cost for 2018-2022 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2022 Mercedes-Benz S560$3,076$1,538$256
2021 Mercedes-Benz S560$2,946$1,473$246
2020 Mercedes-Benz S560$2,900$1,450$242
2019 Mercedes-Benz S560$2,598$1,299$217
2018 Mercedes-Benz S560$2,324$1,162$194

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Mercedes-Benz S560 Insurance Cost by Model Year

The next table details the average annual and semi-annual policy costs, including a monthly amount for budgeting, for each Mercedes-Benz S560 package and trim level.

2022 Mercedes-Benz S560 Insurance Cost by Trim Level
Mercedes-Benz S560 Trim Level Annual Policy Six-Month Policy Per Month
Convertible$3,038$1,519$253
Convertible AMG Line Exterior$3,064$1,532$255
4Matic Coupe$3,086$1,543$257
4Matic AMG Line Exterior$3,112$1,556$259

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Mercedes-Benz S560, 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 August 11, 2023
Mercedes-Benz S560 Insurance Cost by Trim Level

Is Mercedes-Benz S560 insurance expensive?

When compared to other models in the large luxury car category, insurance for a Mercedes-Benz S560 costs $1,086 more per year than the Audi A5, $254 more than the BMW 740i, and $132 more than the Porsche Panamera.

The Mercedes S560 ranks 22nd out of 25 total vehicles in the large luxury car class for car insurance affordability. The S560 costs an average of $3,076 per year to insure for full coverage and the segment median rate is $2,676 annually, a difference of $400 per year.

The chart displayed below shows how the average car insurance rate for a Mercedes-Benz S560 compares to the top 10 best-selling large luxury cars like the Infiniti Q60, Audi A8, and the Genesis G90. A rate table with more models is included following the chart breaking down average rates for all 25 models in the large luxury car category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Mercedes-Benz S560, 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 Mercedes-Benz S560 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Mercedes-Benz S560 vs Top 10 Large Luxury Cars Insurance Cost Comparison
Mercedes-Benz S560 Insurance Cost Compared to All Large Luxury Cars
Rank Make/Model Insurance Cost Difference
1Audi A5$1,990-$1,086
2Volvo S90$2,196-$880
3Lexus LS 500$2,282-$794
4Mercedes-Benz AMG E53$2,314-$762
5Genesis G90$2,318-$758
6Mercedes-Benz AMG GT43$2,370-$706
7Lexus LS 500h$2,438-$638
8BMW 840i$2,450-$626
9BMW 745e$2,498-$578
10Mercedes-Benz EQS 450$2,556-$520
11Infiniti Q60$2,572-$504
12Mercedes-Benz S500$2,596-$480
13Audi RS 7$2,600-$476
14Mercedes-Benz EQS 580$2,620-$456
15BMW M850i$2,792-$284
16Mercedes-Benz S580$2,796-$280
17BMW 740i$2,822-$254
18Audi S8$2,858-$218
19BMW 750i$2,882-$194
20Audi A8$2,894-$182
21Porsche Panamera$2,944-$132
22Mercedes-Benz S560$3,076--
23BMW Alpina B8$3,224$148
24BMW M760i$3,328$252
25Mercedes-Benz Maybach S580$3,496$420