About Mercedes Car Insurance
Mercedes Benz is one of the oldest car manufacturers, with the company being known for producing high-quality vehicles that combine performance, luxury, and comfort. It does generally cost more to insure a Mercedes, as with all luxury vehicles, but value can be found while insuring a Mercedes due to them being very safe.
Use our comparison tool to get Mercedes car insurance quotes from Canada’s best insurance providers in mere minutes.
How Much Does it Cost to Insure Your Mercedes in Canada?
On average, it costs around $1,275 per year to insure your Mercedes in Canada. The price will vary depending on your Mercedes model, year make, region you’re living in and your driving history.
Here’s how much it would cost you on average to insure your Mercedes in the following cities in Canada.
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $2,119 |
| Burlington, ON | $1,571 |
| Mississauga, ON | $2,293 |
| Guelph, ON | $1,627 |
| Sudbury, ON | $1,393 |
| Edmonton, AB | $1,399 |
| Lethbridge, AB | $1,188 |
| Montreal, QC | $793 |
| Halifax, NS | $1,313 |
| Moncton, NB | $900 |
How Mercedes Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including Mercedes, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, our analysis places Mercedes-Benz insurance rates in the mid-to-high range compared to other luxury brands. While Mercedes owners typically pay less for insurance than those driving Audi or Alfa Romeo, their premiums are slightly higher than those for Maserati. Here’s a brief comparison:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Mercedes | $1,275 |
| Porsche | $1,327 |
| Alfa Romeo | $1,517 |
| Maserati | $1,415 |
| Audi | $1,600 |
Mercedes Car Insurance Rates Are on The Rise
Mercedes car insurance rates have been steadily increasing over the past few years. While there was a slight drop in 2022, premiums have generally trended upward since 2020. The rates have experienced fluctuations but will ultimately rise by 2024. Here’s an updated overview of Mercedes insurance premiums in recent years:
Mercedes Car Insurance Rates by Model & Year Make
When insuring your Mercedes, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Mercedes models from different years.
A Brief History of Mercedes
Mercedes Benz was founded by Karl Benz in 1886, with his creation being considered the first gasoline-powered vehicle. Soon after that, Mercedes quickly became a pillar of the European luxury car market with the company being known for innovative designs and quality manufacturing practices.
Mercedes Insurance FAQs
What is the most affordable Mercedes model to insure?
The 2019 Mercedes GLS450 is the most affordable model to insure in Canada, with an average annual insurance premium of $1,037.
Are Mercedes vehicles safe to drive?
Mercedes-Benz is considered one of the safest manufacturers. The company has long been at the forefront of car safety. Mercedes-Benz vehicles generally have advanced airbag systems, computerized braking, and advanced crumple zones.
The National Highway Traffic Safety Administration gives Mercedes-Benz vehicles four- and five-star ratings.