Finder makes money from featured partners, but editorial opinions are our own.

Mercedes-Benz insurance rates in Canada

Compare the average Mercedes-Benz insurance cost in Canada by model and get free quotes online.

Average insurance cost for a Mercedes-Benz

The average Mercedes-Benz insurance cost is $244 a month, or $2,924 a year. It can be a pricey car to buy and a pricey one to insure. Many factors influence the cost, including your driving history and location.

Compare free car insurance quotes online for your Mercedes-Benz car

1 - 3 of 3
Name Product Accident Forgiveness Min. Liability Coverage Discounts Available Online Claims Available Provinces
Surex Auto Insurance
Yes
$1,000,000
Up to 25%
Alberta, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, PEI, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
Aviva Car Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex.

Who it might be good for: Drivers looking to customize their auto policy.
Travelers Car Insurance
Yes
$1,000,000
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon
Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex.

Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.
loading

What affects Mercedes-Benz insurance costs?

The pricier purchase price of a Mercedes-Benz means your insurance will be higher as well because this is a costly car to replace or repair. Other factors that insurance companies consider when determining the cost of insurance include the car’s safety rating and its likelihood of being stolen. These last two factors work in your favor to help balance out the cost of insuring one of these luxury vehicles.

Most insurers will cover the bestselling Mercedes-Benz models. However, you may have fewer options with certain models — such as the Sprinter, some vintage cars and high-priced models.

Pros and cons of insuring a Mercedes-Benz

Pros

  • Good safety ratings
  • Not commonly targeted by thieves

Cons

  • Costly to repair or replace
  • More than basic coverage is recommended

About the Mercedes-Benz brand

Mercedes-Benz traces its origins to the 19th century, when Carl Benz created the first automobile — the “Motorwagen” — in 1886. In the same year, Gottlieb Daimler and Wilhelm Maybach constructed a petrol-powered stagecoach. The Mercedes-Benz brand was conceived decades later in 1926, through a merger of the companies founded by Daimler and Benz.

Over almost a century, Mercedes-Benz would craft coveted luxury cars and distribute them around the world. In 1963, the large and luxurious Mercedes-Benz 600 put the company in competition with the likes of Rolls-Royce, Bentley and Cadillac. The elegant and well-equipped S-Class collection arrived in the 1970s. And a collaboration with AMG in the 1990s infused Mercedes-Benz models with racecar-like performance improvements.

Today, Mercedes-Benz jostles with BMW, Audi and Lexus for the crown of bestselling luxury brand in the world.

Are there any standout Mercedes models?

One of Mercedes’ most luxurious vehicles, the Maybach is the ultimate in comfort. Options include ambient lighting; heated, ventilated and massaging seats; calf rests; and even folding tables for the rear seats. And its distinguished design extends to the vehicle’s performance. Advanced chassis technology, all-wheel drive and a 4.0L biturbo V8 engine make for a powerful, smooth ride.

What’s the Mercedes Me program?

Mercedes me allows drivers to access all of their car’s info and suite of connected services, all in one place. Registered users can view their maintenance plan, view manuals and how-to videos, connect to a vehicle-tech expert and more. With the Mercedes me app you can start your engine remotely, lock and unlock the doors and sync with Google Home and Amazon’s Alexa.

Mercedes-Benz car facts

  • Buying a Mercedes-Benz isn’t cheap. At the bottom of the manufacturer’s price range, the entry-level coupe will set you back at least $53,900. And you’ll shell out at least $42,400 for the GLA subcompact SUV. At the upper end, you’ll find options like the Maybach ($199,400 MSRP).
  • For the price you’ll pay, you’ll enjoy a highly secure ride. Mercedes-Benz models score impeccable safety ratings from the Insurance Institute for Highway Safety (IIHS). Many models have received IIHS’ Top Safety Pick+ designation.
  • Mercedes-Benz vehicles are targeted relatively infrequently by car thieves, which tempers insurance costs.
  • You may want more than just minimum liability coverage for your Mercedes-Benz, expanding your protection through an umbrella policy and comprehensive coverage.

Bottom line on Mercedes insurance

Mercedes aren’t cheap, and neither is the insurance to cover one, so be sure to shop around to find the best car insurance for you.

Frequently asked questions about Mercedes-Benz insurance

More on car insurance

Kia Insurance Rates

Kia Insurance Rates

Compare insurance costs for different Kia models and learn what factors impact the rate. Plus, compare car insurance providers who cover Kia models.

Read more…
Nissan insurance rates

Nissan insurance rates

The average Nissan insurance cost is $284 a month, or $3,411 a year. Compare Nissan car insurance providers and learn what features impact the rate.

Read more…
Avatar

Written by

Julia Cameron

Julia Cameron is a freelance journalist and editor, specializing in personal finance, mergers and acquisitions and immigration law. Her writing and analysis has been featured in TechRadar, MSN, Harper's Bazaar, Time and other top media. She holds a BA in English literature from the University of Central Florida. See full profile

More guides on Finder

  • Jeep insurance rates

    Compare Jeep car insurance rates by model.

  • Toyota Camry insurance rates

    The average Toyota Camry car insurance cost is $440 a month, or $5,280 a year. Compare different insurance providers to find the best price.

  • Onlia car insurance review

    Onlia auto insurance is great for those who want an easy signup process and cashback rewards for safe driving.

  • Mazda insurance rates

    The average cost of insurance for a Mazda is around $360 a month, or $4,323 per year. Compare the insurance rates of different Mazda models.

  • Toyota RAV4 insurance rates

    Toyota Rav4 car insurance can cost around $416 a month, or $4,992 a year. Learn what factors affect your rate and compare providers.

  • Jeep Wrangler insurance rates

    You could pay around $592 a month for Jeep Wrangler car insurance. Learn what factors affect your rate plus how to find the best provider for your Jeep Wrangler.

  • Mazda3 insurance rates

    You could pay an average of $386 a month for Mazda3 car insurance. Learn what factors affect your rate plus how to find the best provider for your Mazda3.

  • Toyota Corolla insurance rates

    Toyota Corolla car insurance can cost around $400 a month or $4,800 a year. Learn what factors affect your rate and compare providers.

  • Mazda CX-5 insurance rates

    Get an idea of how much you could pay for car insurance if you drive a Mazda CX-5.

  • Is it illegal to sleep in your car?

    Some cities ban the practice, but otherwise you can overnight legally at designated parking areas.

Ask a Question

You must be logged in to post a comment.

Go to site