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Mercedes-Benz EQC 400 4matic insurance rates

This all-electric luxury SUV rides in comfort and style — and it's reasonable to insure.

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Move over, Tesla: Mercedes-Benz has entered the US all-electric vehicle market with the 2022 EQC 400 4matic, a fully electric luxury compact SUV. The EQC is the German luxury carmaker’s first of its kind in the all-electric vehicle family, comes in three trim packages and starts at an MSRP of $68,895. It shares some similarities with the GLC series, though the EQC is intended as a GLC upgrade.

The Mercedes-Benz EQC 400 4matic is an electric SUV that’s surprisingly reasonable to insure for a luxury vehicle — approximately $250 a month, or $3,000 a year — about double the average annual rate for most car models.

While the market is rapidly changing with the onset of electric vehicle options, the insurance on an EV is more expensive than gas-powered ones due to more expensive repairs, fewer qualified technicians and fewer EVs on the road. But these rates could fall as demand and supply increase, making EVs easier for more people to attain.

Mercedes-Benz EQC specs and details

  • Body type. The EQC is a an all-electric luxury compact SUV — all of which hike up its insurance rates.
  • Fuel. The EQC runs on all-electric power with a reported range of between 200 and 220 miles on a single charge. This is shorter than some others in the electric luxury SUV market, but should be enough for your daily commute or dropping the kids off at practice. Repairing electric motors can be more expensive than gas, which partially offsets the savings you’ll see from plugging in rather than filling up the tank.
  • Theft rates. Mercedes-Benz is the most commonly stolen luxury brand in the US. While this fact will play into the EQC’s rates, it’s also true that electric vehicles overall have a much lower theft rate than gas-powered vehicles. The main theft deterrent is that EVs are locked up in order to properly charge.
  • Maintenance. Average annual maintenance costs on the EQC ring in at about $900 annually. Electric vehicles tend to require less frequent maintenance, but costs are typically higher than for gas-powered vehicles. These factors also play a prominent role in the EQC’s insurance rates.
  • Coverage. As a luxury vehicle costing north of $65,000, you’ll likely want as much coverage as possible. This includes both comprehensive and collision coverage, on top of high liability limits. Also be sure to add on uninsured motorist property damage with either $50,000 or $100,000 limits.
  • Warranty. Mercedes-Benz offers a basic warranty of four years, 40,000 miles with the option to extend it to 100,000 miles. There’s also expected to be a separate warranty for its electric battery. All Mercedes-Benz warranties come with roadside assistance, which allows you to skip it on your insurance policy.
  • Manufacturer offer. Mercedes-Benz routinely has various special discounts and offers for its new vehicles, such as cashback offers, special leasing discounts and low APRs financing options. Check with your local dealership to find the best option for you.
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Does the Mercedes-Benz EQC 400 4matic qualify for discounts?

The Mercedes-Benz EQC 400 4matic could qualify for various vehicle discounts, but the exact ones will depend on the model you buy and your insurance company.

  • Electric vehicle discount
  • Active restraint discount
  • Passive restraint discount
  • Antilock brakes discount
  • Antitheft discount
  • Airbag discount
  • Seatbelt pretensioners

How safe is the Mercedes-Benz EQC 400 4matic?

The US has yet to test the Mercedes-Benz EQC 400 4matic after it makes its US debut for the 2022 model. All results stated here are based on European data. The Euro NCAP gave the EQC a crash-test score of 5 stars — the maximum rating for safety.

About this vehicle

The ERC 400 4matic is the newest member of the Mercedes-Benz family, set to launch in the US for the 2022 model year after a one-year delay. This five-passenger electric luxury SUV that’s comparable in size to the GLC delivers 402 total horsepower from two electric motors, with an estimated 0-60 acceleration of 5.1 seconds.

Mercedes claims the all-wheel-drive EQC will have a range of an estimated 200-plus miles based on European testing, a little bit behind its direct competitor the Tesla Model X that boasts a 300-mile range.

While there isn’t a lot of information available on standard safety features for the US, some key standard safety features in other world markets indicate the inclusion of the following as standard in the 2022 EQC:

  • Autonomous emergency braking
  • Lane support system with lane-keep assist
  • Lane-departure warning
  • Emergency lane keeping
  • Driver-fatigue reminder and detection
  • Speed assistance system
  • Dual frontal, side chest-protecting airbags for front- and second-row seats
  • Side head-protecting curtains for the front and second rows
  • Knee airbags for the driver

Bottom line

The 2022 Mercedes-Benz EQC 400 4matic is an all-electric luxury compact SUV. The vehicle itself is priced lower than its competitors and good safety features help keep its insurance rates within reach, especially considering it’s an electric luxury vehicle.

Before settling on a new policy for your new EQC, be sure to compare different insurance companies to find the one with the best rates.

Frequently asked questions about the Mercedes-Benz EQC 400 4Matic

What’s the direct competition for the Mercedes-Benz EQC 400 4Matic?
The EQC competes in the luxury compact SUV market with the Jaguar I-Pace, the Audi E-Tron and the Tesla Model X. The EQC’s reported range might be slightly less, but it’s also priced less than any of these competitors.

What are the differences between the EQC and the GLC?
The differences between the EQC and GLC include more than exclusively how they’re powered. They share the same base platforms and are roughly the same size, but the EQC is built differently to accommodate its electric motor. It also has upgraded safety features and technology on the interior.

If the EQC and GLC are similar vehicles, why is the EQC more expensive to insure?
The EQC costs $67,900 compared to the GLC’s $42,500 price tag. This means that it will cost the insurance company more money to repair and replace. Also, electric vehicles typically have higher rates than gas-powered ones, so the insurance is more expensive.

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