Auto insurance for high-end, or luxury cars, is generally more expensive than standard car insurance. The sticker price of the vehicle will impact your insurance rates - they say, on average, it’s about 20% higher to insure a luxury car.
It’s no secret that expensive cars are more costly to replace, repair and maintain. Import cars are more complex to fix and certain models are only manufactured in limited numbers, which can also increase the price of parts. High-value cars are also commonly targeted for theft, which also increases the rate you pay.
If you own a car worth over $100K, you should have luxury car insurance to protect your investment and Surex can help with that. You don’t want to have a standard auto insurance policy. Talk to an advisor today to get your set up and ready to hit the road!
FAQ’s about Mercedes-Benz car insurance
Mercedes-Benz is one of the world's oldest car manufacturers, having been around for more than 100 years (their registration date was 1901 by DMG Daimler-Motoren-Gasellschaft). In 1926, they merged with Daimler to create the Daimler-Benz company and started creating their world-class luxury vehicles. Their headquarters is located in Germany, and they have offices all over the world.
It’s no wonder they are among the top three German luxury carmakers in the world. While the company specializes in luxury vehicles, they also manufacture buses, coaches, and trucks. Mercedes-Benz is also the largest-selling luxury car manufacturer in the world. They are best known for their luxury SUVs, coupes, sedans, and convertibles. They have over 85 models to choose from so they have something for every driver. Being known as one of the top luxury car manufacturers, their vehicles are expensive to buy, repair, and insure. But that’s where Surex comes in. We can help you find the right insurance for your car!
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!
MODEL |
LOCATION |
POSTAL CODE |
LOWEST RATE(monthly) |
CARRIER |
---|---|---|---|---|
2020 MERCEDES-BENZ C300 4MATIC 4DR |
ONTARIO |
L7R 3N2 |
$161 |
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|
2020 MERCEDES-BENZ C300 4MATIC 4DR |
ALBERTA |
T5T 4J2 |
$364 |
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|
2020 MERCEDES-BENZ C300 4MATIC 4DR |
NOVA SCOTIA |
B2H 2J6 |
$160 |
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** Intact |
2020 MERCEDES-BENZ A220 4MATIC 4DR |
ONTARIO |
L7R 3N2 |
$117 |
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|
2020 MERCEDES-BENZ A220 4MATIC 4DR |
ALBERTA |
T5T 4J2 |
$270 |
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|
2020 MERCEDES-BENZ A220 4MATIC 4DR |
NOVA SCOTIA |
B2H 2J6 |
$111 |
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** Intact |
2020 MERCEDES-BENZ S450 4DR |
ONTARIO |
L7R 3N2 |
$221 |
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|
2020 MERCEDES-BENZ S450 4DR |
ALBERTA |
T5T 4J2 |
$527 |
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|
2020 MERCEDES-BENZ S450 4DR |
NOVA SCOTIA |
B2H 2J6 |
$162 |
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|
2020 MERCEDES-BENZ CLA 250 4DR COUPE |
ONTARIO |
L7R 3N2 |
$135 |
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|
2020 MERCEDES-BENZ CLA 250 4DR COUPE |
ALBERTA |
T5T 4J2 |
$304 |
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|
2020 MERCEDES-BENZ CLA 250 4DR COUPE |
NOVA SCOTIA |
B2H 2J6 |
$122 |
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** Intact |
2020 MERCEDES-BENZ G550 5DR |
ONTARIO |
L7R 3N2 |
$196 |
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|
2020 MERCEDES-BENZ G550 5DR |
ALBERTA |
T5T 4J2 |
$600 |
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|
2020 MERCEDES-BENZ G550 5DR |
NOVA SCOTIA |
B2H 2J6 |
$219 |
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** Intact |