Yes, Mercedes-Benz cars are more expensive to get insurance on than an average or non-luxury car. It’s hard to put an exact number of what you will pay for your insurance because it largely depends on the type of vehicle you drive. Insurance providers look at the year and the model you choose to buy, your driving history, the number of kilometers you drive each year, and where you live.

It’s no secret that high-performance, luxury vehicles are expensive to repair and maintain. It is important to keep up with regular maintenance to keep your car running more efficiently. The repairs can be costly because the parts are expensive and hard to come by and you will need a mechanic who knows the brand to make the repairs.

Here are some of the key factors that can affect your rates :

• Insurance requirements: If you own a high-end vehicle, especially over 100K, you need luxury car insurance. It is a much stronger policy than your standard car insurance policy. Most Mercedes drivers add comprehensive and increased coverage limits - both of which will slightly increase your insurance.
• Repair costs: It is common knowledge that repairs and maintenance for luxury cars can be expensive. They can be more complex to fix and some parts may need to be imported. Higher repair costs will increase your costs.
• Safety and security: All luxury vehicles are at a higher risk of theft. They are commonly targeted, which can make your insurance rate higher. Mercedes vehicles have an exceptional safety rating and are at the forefront of car safety. They have advanced airbag systems, computerized braking, and advanced crumple zones. 

There are many things you can do to help lower your insurance rate. For example, you can bundle your home + auto insurance to help save some money. Talk to a Surex advisor to see how you can save today!

Here are some more tips to help you save:

• Shop Around: The most effective way to save is to compare your insurance options. That is one thing that Surex always automatically does to make sure you get the best rate possible.
• Stay claims, accident, and ticket-free. Of course, it’s always important to drive safely, but by having a clean driving record you can usually qualify for discounts to help keep your premiums down.
• Bundle your services: By combining your home or tenant insurance with your auto insurance policy, with the same provider, you can take advantage of the discounts offered to help save you money. 

Mercedes-Benz is considered one of the safest manufacturers and is at the forefront of car safety. Some of the safety features you can find on a vehicle are advanced airbag systems, computerized braking, advanced crumple zones, electronic stability control, and blind spot monitoring. 

Since auto insurance is government-standardized, there is really no difference in coverage between regular to high-end cars. There are limited carriers who will write them though. Not many will write vehicles over 150K and others won’t go over 100K. 

Carriers that do work with high-end cars require higher deductibles, higher limits on rental car coverage, and roadside assistance coverage. For a 100K+ car, the collision and comprehensive deductible required are normally between $2,500 - $5,000.

So, like everything else you get with a luxury car from sticker price to maintenance, expect your insurance to also be more expensive. Our advisors can help assist you with setting up your coverage. Go online today!