Mercedes-Benz insurance rates in Canada

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.

• How we got these rates

  To determine these estimated costs, we aggregated quotes from insurance companies using this profile:

  • Single, 35 year old female
  • An average of four latest model vehicles
  • 20,000 km driven yearly
  • Perfect driving record
  • Equipped with winter tires
  • Driver located in Etobicoke, Ontario

  Our estimated price is for full insurance coverage, which usually includes mandatory liability coverage, comprehensive and collision coverage.

  Other factors that can affect your Mercedes insurance rate

  • The model year
  • The vehicle’s trim
  • The amount of coverage you need
  • The estimated kilometres you drive in a year
  • The vehicle’s safety and anti-theft features
  • The driver’s credit score
  • The driver’s location
  • The driver’s age
  • The driver’s driving history in the past several years
  • The driver’s marital status
  • Your (or the driver’s) gender
  • Whether the driver rents, leases or owns the vehicle

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

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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, 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.	Get a quote More Info	Compare	loading Fetching your data...
Onlia Car Insurance		Yes	$1,000,000	Over $500*		Ontario	Get premium auto insurance coverage with Onlia. Save money on your auto insurance through safe driving discounts and bundling insurance options. Who it might be good for: Drivers in Ontario looking to save on insurance costs by driving safely.	Get a quote More Info	Compare	loading Fetching your data...
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.	Get a quote More Info	Compare	loading Fetching your data...
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.	Get a quote More Info	Compare	loading Fetching your data...

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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

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

• Are Mercedes made in Canada?

  No, the main production facilities are located in Germany.

• Are Mercedes safe?

  Yes, Mercedes generally perform very well in safety tests.

• What's the best rate on Mercedes car insurance

  Use our table above to get the best rate on Mercedes car insurance and free insurance quotes online.

• What car-related factors affect the cost of insurance?

  A car’s safety record, the cost to repair and maintain the car and the car’s likelihood of being stolen all can affect the cost of car insurance.

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