Cheap Mercedes Auto Insurance in 2024 (Secure Low Rates With These 10 Companies)

Erie, Mercury, and Geico are among the top choices for securing cheap Mercedes auto insurance. These leading providers distinguish themselves by offering highly competitive rates, starting as low as $120 per month, which translates to significant savings for Mercedes owners.

While you should always expect to pay higher rates for luxury cars, Mercedes-Benz vehicles are some of the most expensive cars to insure. One of the biggest reasons for higher insurance rates is that Mercedes-Benz cars are generally expensive.

Our Top 10 Company Picks: Cheap Mercedes Auto Insurance

Read on to learn where to find affordable Mercedes auto insurance quotes and what you can do to keep your rates low. Then compare rates with as many companies as possible to find the best policy for your Mercedes. Enter your ZIP code now.

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#1 – Erie: Top Overall Pick

Pros

• Affordable Initial Rates: Erie offers attractive starting rates at $120 per month, making it a leading choice for cheap Mercedes auto insurance. Mercedes owners benefit from these low premiums while enjoying comprehensive coverage options.
• Robust Protection Choices: Provides extensive coverage including accident forgiveness and new car replacement, ideal for protecting high-value Mercedes vehicles. Mercedes enthusiasts will appreciate the added peace of mind with such coverage.
• Exceptional Client Support: Known for high customer satisfaction, Erie delivers strong support, ensuring Mercedes drivers have reliable help when needed. This exceptional service contributes to its ranking as the top pick. Read more through our Erie auto insurance review.

Cons

• Limited Geographic Availability: Erie’s coverage is not available in all states, which might limit access for some Mercedes drivers. This restriction could impact those looking for cheap Mercedes auto insurance in less-served areas.
• Fewer Discount Opportunities: Erie offers fewer discount options compared to some competitors, potentially limiting savings for Mercedes enthusiasts seeking the best rates.

#2 – Mercury: Best for Flexible Coverage

Pros

• Tailored Coverage Options: Mercury excels in offering flexible and customizable coverage options starting at $125 per month. This flexibility allows Mercedes drivers to tailor their cheap auto insurance policies to their specific needs. Affordable Mercury auto insurance is also available to check out.
• Economical Monthly Insurance Costs: With rates beginning around $125, Mercury provides a cost-effective solution for cheap Mercedes auto insurance, helping Mercedes enthusiasts manage their budget while maintaining good coverage.
• Discounts for Safe Driving: Mercury rewards safe drivers with discounts, which can lower insurance costs for Mercedes owners with clean driving records. This encourages responsible driving while saving on premiums. Find out more with our Mercury auto insurance review.

Cons

• Higher Costs for Some Models: Insurance rates for high-performance Mercedes models can be higher, potentially impacting the affordability of cheap Mercedes auto insurance for certain vehicles. Find out more through affordable instant auto insurance.
• Limited State Availability: Mercury’s coverage is not available in every state, which might restrict options for some Mercedes drivers seeking affordable insurance.

#3 – Geico: Best for Customer satisfaction

Pros

• Exceptional Customer Service: Geico, with an A++ rating from A.M. Best, is renowned for its excellent customer service. This makes it an excellent choice for Mercedes drivers who value top-notch support and reliable assistance.
• Competitive Pricing: With rates starting around $130 per month, Geico offers affordable options for cheap Mercedes auto insurance. This helps Mercedes owners find budget-friendly solutions without compromising on quality.
• Extensive Variety of Savings Opportunities:  View our Geico auto insurance review to find out about various discounts, including those for good driving records and multi-vehicle policies, which can help Mercedes enthusiasts reduce their insurance costs.

Cons

• Limited Customization: Geico’s coverage options may be less extensive compared to some competitors, which might limit the ability of Mercedes owners to fully customize their cheap Mercedes auto insurance policies.
• Potential Rate Increases: Some policyholders have reported rate increases at renewal, which could affect the long-term affordability of insurance for Mercedes drivers.

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#4 – American Family: Best for Bundling Discounts

Pros

• Bundling Savings: American Family offers substantial savings for bundling auto insurance with other policies, starting at $133 per month. This is advantageous for Mercedes owners with multiple insurance needs, providing cheap Mercedes auto insurance with added value.
• Cost-Effective Pricing: With competitive rates around $133, American Family provides an affordable option for Mercedes drivers looking to manage their insurance costs effectively. For additional insights, refer to our American Family auto insurance review.
• Responsive Customer Service: Known for its responsive customer support, American Family helps Mercedes enthusiasts with efficient policy management and claims handling.

Cons

• Higher Rates for Performance Models: Insurance costs for high-performance Mercedes models may be higher, impacting the affordability of cheap Mercedes auto insurance.
• Geographic Limitations: American Family’s services are not available in all states, which could limit access for some Mercedes drivers.

#5 – Nationwide: Best for Multiple Policies

Pros

• Multi-Plan Savings Advantage: Nationwide excels in offering substantial savings for bundling multiple policies, making it an excellent choice for Mercedes owners with various insurance needs. This can significantly lower your overall insurance expenses, providing cheap Mercedes auto insurance when combined with home or other vehicle policies.
• Competitive Monthly Rates: Starting at $135 per month, Nationwide’s rates are affordable for Mercedes drivers, ensuring cheap Mercedes auto insurance while maintaining comprehensive coverage.
• Comprehensive Coverage: Offers a range of coverage options and valuable add-ons, which are ideal for Mercedes enthusiasts seeking tailored protection for their luxury vehicles. Read more through our Nationwide auto insurance review.

Cons

• Increased Premiums for Certain Vehicle Models: Insurance costs for high-performance Mercedes models can be higher, potentially affecting the affordability of cheap Mercedes auto insurance for luxury vehicles.
• Customer Service Variability: Service experiences can vary by region, which may impact overall satisfaction for Mercedes owners and affect the consistency of support provided.

#6 – Progressive: Best for Clean Record

Pros

• Low Rates for Clean Records: Progressive offers reduced rates for drivers with a clean driving history, making it a great option for Mercedes drivers who maintain a clean record. This translates to cheap Mercedes auto insurance for those without recent infractions.
• Competitive Pricing: With starting rates around $140 per month, Progressive provides affordable coverage for Mercedes-Benz owners while ensuring comprehensive protection. Get more information from this Progressive auto insurance review.
• Wide Array of Discount Options: Features numerous discounts, including those for safe driving and bundling, which can help Mercedes enthusiasts further lower their premiums.

Cons

• Higher Costs for Luxury Models: Insurance for high-end Mercedes models may be more expensive, which could impact the overall affordability of cheap Mercedes auto insurance.
• Regional Service Differences: Customer service quality can differ based on location, potentially affecting the experience for Mercedes owners and the consistency of support.

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#7 – Travelers: Best for Discount Options

Pros

• Wide Range of Discounts: Travelers provides an extensive variety of discount options, including those for bundling and safe driving, which can significantly reduce the cost of cheap Mercedes auto insurance for drivers.
• Affordable Monthly Rates: Starting at $141 per month, Travelers offers competitive pricing, making it a viable choice for Mercedes-Benz insurance while still providing comprehensive coverage.
• Strong Coverage Options: Offers robust coverage and valuable add-ons tailored for luxury vehicles, catering to Mercedes enthusiasts who want personalized protection. To broaden your understanding, explore our coverage titled “Combining Insurance Policies.”

Cons

• Higher Rates for High-End Models: Insurance for high-performance Mercedes models may be more costly, affecting the overall affordability of cheap Mercedes auto insurance.
• Service Variability: The quality of customer service can vary depending on the region, potentially impacting overall satisfaction for Mercedes owners.

#8 – AAA: Best for Strong Service

Pros

• Exceptional Customer Service: AAA is known for its high-quality customer service, providing excellent support for Mercedes drivers and ensuring a smooth insurance experience. This strong service is a key benefit for those seeking cheap Mercedes auto insurance with reliable assistance.
• Bundling Discounts: Offers significant savings when combining auto insurance with other AAA services, such as roadside assistance, which can reduce overall insurance costs for Mercedes owners. Read more on AAA auto insurance review.
• Competitive Rates: With starting rates at $143 per month, AAA provides affordable options for Mercedes-Benz insurance, delivering cheap Mercedes auto insurance while maintaining high coverage standards.

Cons

• Availability Limitations: AAA’s insurance services may not be available in all regions, potentially limiting options for some Mercedes drivers. It’s important to know the liability auto insurance coverage.
• Higher Costs for Luxury Vehicles: Insurance rates for high-end Mercedes models might be higher due to increased repair and replacement costs, affecting the affordability of cheap Mercedes auto insurance.

#9 – Farmers: Best for Customizable Coverage

Pros

• Highly Customizable Policies: Farmers offers a wide range of customizable coverage options, allowing Mercedes owners to tailor their insurance to meet specific needs. This flexibility is valuable for those seeking cheap Mercedes auto insurance with personalized coverage.
• Affordable Starting Rates: With rates beginning at $145 per month, Farmers provides competitive pricing for Mercedes-Benz insurance, ensuring cheap Mercedes auto insurance while offering comprehensive protection.
• Bundling Discounts: Farmers provides discounts for bundling multiple policies, which can further lower the cost of insurance for Mercedes drivers who have additional coverage needs. Read more through our Farmers auto insurance review.

Cons

• Higher Rates for High-Performance Models: Insurance for luxury or high-performance Mercedes models may be more expensive, impacting the overall affordability of cheap Mercedes auto insurance.
• Limited Availability: Farmers’ coverage options may not be available in every area, which could affect accessibility for some Mercedes owners.

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#10 – Liberty Mutual: Best for Member Discounts

Pros

• Member Discounts: Liberty Mutual offers attractive discounts for members of specific organizations, which can help reduce insurance costs for Mercedes drivers seeking cheap Mercedes auto insurance.
• Competitive Rates: With starting rates around $150 per month, Liberty Mutual provides affordable coverage options for Mercedes-Benz owners, ensuring cheap Mercedes auto insurance with comprehensive benefits.
• Comprehensive Coverage Options: Discover our Liberty Mutual auto insurance review to see how broad range of coverage options and add-ons tailored for luxury vehicles, catering to the needs of Mercedes enthusiasts.

Cons

• Higher Costs for Some Models: Insurance rates for high-end Mercedes models may be more expensive, potentially affecting the affordability of cheap Mercedes auto insurance.
• Service Variability: The quality of customer service can differ depending on the location and representative, which may impact overall satisfaction for Mercedes owners.

Auto Insurance for a Mercedes-Benz

The average American driver pays about $138 a month for full coverage car insurance, which is significantly less than what the average Mercedes-Benz driver pays. If you buy a Mercedes-Benz, you’ll pay closer to $200 a month for full coverage.

Mercedes-Benz and other luxury cars cost more to insure for a variety of reasons, but the primary reason is that they cost more to repair and replace. Generally speaking, policy rates increase as the price tag increases because insurance companies have to absorb those repair and replacement costs.

Mercedes Auto Insurance Monthly Rates by Coverage Level & Provider

Most Mercedes-Benz vehicles cost between $40,000 and $75,000 for the latest models, but you can easily spend over $150,000. Luxury cars like Mercedes-Benz not only come with larger price tags, but they also cost more to insure.

Although it plays a lesser role in your rates, having a high-performance car can increase the cost of full coverage car insurance due to a higher likelihood of speeding tickets or reckless driving charges.

 

Finding cheap insurance for a Mercedes-Benz isn’t as easy as it is for a standard vehicle, but there are ways to lower your auto insurance rates. While you have several options to save, one of the easiest is to compare quotes from as many companies as possible.

Mercedes-Benz Insurance Costs by Company

There are many factors that affect the car insurance price for a Mercedes, and the company you choose will influence how much you pay. State Farm auto insurance generally has the most affordable Mercedes car insurance quotes. Other affordable options include Geico auto insurance and Nationwide auto insurance.

On the other side of the scale, Allstate and Progressive auto insurance often have some of the highest rates for Mercedes-Benz and other luxury cars. Sometimes at over $500 a month, most drivers will find more affordable coverage elsewhere.

Learn how to find auto insurance quotes online to see which companies offer the most affordable Mercedes-Benz insurance rates in your state.

Mercedes-Benz Insurance Costs by Model

While Mercedes-Benz insurance is expensive, some models come with cheaper rates than others. To see how much you might pay for insurance based on the model you buy, check the average rates below:

Mercedes-Benz Full Coverage Auto Insurance Rates by Model

As you can see, significant variation exists between rates for different models. The G63 AMG insurance cost differs from the S450 rates. For example, insurance for a Mercedes-Benz GLA250 is relatively affordable, while an S450 is considerably more expensive.

Factors That Affect Auto Insurance Prices for Mercedes-Benz

No matter what type of car you buy, the same factors affect your auto insurance rates. Although companies evaluate these elements consistently, they use unique formulas to determine your rates. For Mercedes-Benz models, several factors influence your insurance costs.

Firstly, the Mercedes class you choose impacts your rates. A-Class Mercedes models generally cost less to insure compared to the more expensive S-Class, which carries higher insurance rates. Additionally, the specific model you select can affect your premiums, with convertibles typically costing more to insure.

Age and gender also play a role, as insurance companies track claims and find that young drivers and men are statistically more prone to accidents, leading to higher rates. Learn more about how age affects auto insurance rates.

Your location matters too; insurance rates can vary significantly by ZIP code, so moving even a single ZIP code can affect your premiums. Marital status is another factor, with single drivers often paying more than married ones, who benefit from lower rates.

Your driving history is crucial as well. Serious infractions like speeding tickets or DUIs can lead to much higher rates, potentially necessitating high-risk auto insurance.

Credit score is another determinant unless you live in California, Massachusetts, or Hawaii, where it cannot be used; a lower credit score usually results in higher premiums, though you might find no-credit-check options auto insurance for better rates.

Lastly, opting for high levels of coverage will increase your insurance costs. While full coverage for a Mercedes-Benz is more expensive than minimum auto insurance coverage, it provides significantly better protection, which is often desirable given the high cost of the vehicle. Enter your ZIP code to get started.

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Mercedes-Benz Financial Services

Mercedes-Benz offers its Financial Services (MBFS) program to help new drivers buy and manage their car insurance. While you’re free to purchase coverage from any company you’d like, the MBFS program is an easy option for managing your policy.

Mercedes-Benz doesn’t sell its own car insurance. Instead, the MBFS program partners with Liberty Mutual. While you can purchase the same coverage through MBFS as all Liberty Mutual customers, MBFS provides tools specifically for Mercedes vehicles.

Understanding how auto insurance works, the MBFS program also allows you to prepay for maintenance, buy an extended warranty, and manage dent repairs, key replacements, windshield repairs, and tire services.

Finding the Best Auto Insurance for Mercedes-Benz Today

All luxury cars come with higher car insurance rates, and Mercedes-Benz is no exception. In fact, Mercedes-Benz auto insurance quotes tend to be a little higher than some other luxury brands like Lexus. Even though Mercedes-Benz rates are generally high, there are plenty of ways to save.

No matter which model you buy, you can find the best auto insurance for a Mercedes-Benz by looking at multiple companies. By comparing quotes with as many companies as possible, you’ll find the best policy for your Mercedes. Enter your ZIP code to get started.

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