When you drive a Mercedes, you know quality, inside and out. No matter which Mercedes model you drive - Mercedes E-Class, Mercedes-Benz C-Class, Mercedes S-Class, Mercedes CLA 250, Mercedes GLA 250, a classic Mercedes or any other - an insurance broker specializing in luxury car insurance and quality insurance products can help you protect your high-end vehicle.
When you work with an insurance broker, you receive insurance from Ontario’s most reputable insurance companies, personal service, insurance coverage options, and several insurance quotes for the best car insurance for Mercedes.
Mercedes Insurance is a contract between the insured (you) and an insurer (an insurance company) to protect you in the event of an insured accident or claim. Ontario law requires every motorist to have auto insurance. A broker can help you choose to increase required coverages and add additional coverages that protect your lifestyle.
Mercedes car insurance protects both you and your vehicle in the event of an insured loss. Minimum coverages include third-party liability, accident benefits, direct compensation property damage, and uninsured automobile coverage. You have the option to purchase additional auto insurance coverage like accident benefits and liability coverage to ensure you and your Mercedes are properly protected. Many other optional coverages – often called endorsements – can be added to your policy for additional insurance protection. A specialized Mercedes insurance agent will guide you through getting the best Mercedes-Benz insurance.
Below is a quick look at some popular optional coverages.
Collision or Upset Coverage for your Mercedes: Additional protection for losses caused when an automobile is in a collision with another object or tips over. Objects can include items such as another vehicle and street signs.
Comprehensive Coverage for your Mercedes: Comprehensive coverage pays for losses, other than those covered by collision or upset, including perils listed under Specified Perils, falling or flying objects, vandalism and missiles (Yes, you never know!).
All-Perils Coverage for your Mercedes: Combines collision or upset coverage and comprehensive coverage. All-perils coverage also includes loss or damage caused if a person who lives in your household steals the insured Mercedes. Coverage also applies if an employee who uses, drives, services, or repairs the insured Mercedes, steals it.
Loss of Vehicle Use: Provides for rental of a vehicle while the insured vehicle is out of use due to an insured physical damage claim.
Liability for Damage to Non-Owned Automobiles: Coverage for liability for loss or damage arising from the care, custody or control of a non-owned automobile such as a rental car, including its equipment not owned by the insured.
Removing Depreciation Deduction Endorsement: Waives depreciation if you are the original owner/lessee of the Mercedes, loss or damage occurs within 24 months of the purchase/lease date and if the 24 months end during the policy term, the coverage will continue until the policy period's expiry date.
The average cost of Mercedes car insurance can range between $1,200-$6,500 per year. There are many factors that determine the cost of your insurance rate including your driving history, your age, where you live, the number of years insured, how you use your vehicle, the year and model of the Mercedes, and much more.
It is important to note that due to Mercedes' higher value than other types of vehicles, many insurance providers require a higher deductible for more expensive models, such as $2,500. A deductible is an amount an insured agrees to pay toward an insured claim before the insurance company covers the cost. A higher deductible helps lower the insurance premium because the insured agrees to pay more if there is a claim.
Below are some examples of Mercedes-Benz annual premiums provided for general information. Please note that prices below are a average cost and vary by individual and your best bet is to speak to an insurance broker who will get you a customized quote.
|VEHICLE||APPROX. PRICE (per year)|
|Mercedes-Benz E300W 4Matic||$1,200-$3,500|
|Mercedes-Benz 4Matic 4Dr||$1,300-$3,700|
|Mercedes-Benz C300 4Matic||$1,400-$5,000|
|Mercedes-Benz C43 4Matic Cabriolet||$3,800-$6,000|
|Mercedes-Benz C300 4Matic 4DR||$3,800-$6,500|
*The prices above were provided with the assumption that the driver had a good driving record (no previous tickets or accidents).
Several factors contribute to the higher cost of insurance for Mercedes-Benz models, including innovative technology, safety features and luxurious comfort features which can lead to higher repair and replacement costs.
Mercedes Insurance rates can be expensive; however, prices vary among insurance companies, which is why it is essential to get several Mercedes insurance quotes. Reach out to an insurance agent who will provide you with competitive quotes to compare prices and coverages.
You can save on Mercedes-Benz auto insurance by speaking with an insurance broker, comparing premiums, comparing coverage options, getting all of the car insurance discounts you qualify for, bundling your insurance, and much more.
Below are some popular ways to save on the cost of insurance for a Mercedes.
Speak with an insurance broker who will ensure you get the best insurance coverage at a competitive rate.
You can get Mercedes insurance from Morison Insurance. We know high-value car insurance. Have peace of mind knowing our insurance team will shop for multiple competitive quotes from top insurance companies and will get you the best customized Mercedes insurance coverage. To get started on your Mercedes insurance today, call 1-800-463-8074 or fill out the form on our website. We look forward to serving you!
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.