When you drive a Mercedes-Benz, you know quality, inside and out. Mercedes-Benz vehicles have top-of-the-line advanced safety features while providing a luxurious driving experience. No matter which Mercedes model you drive – Mercedes GLC SUV, Mercedes GLE SUV, Mercedes GLA-Class, Mercedes S-Class, Mercedes EQS Sedan, or any other – an insurance broker specializing in luxury car insurance and quality insurance products can help you protect your high-end vehicle with the right Mercedes car insurance quote.
Mercedes insurance is a type of car insurance that provides financial protection in the event of an insured accident or claim. Basic car insurance will likely not be enough to protect Mercedes-Benz vehicles due to their advanced safety features and expensive repair costs. A broker can help you choose to increase required coverages and add additional coverages that protect your luxury vehicle.
Ontario law requires every motorist to have basic car insurance with certain coverages, no matter what type of vehicle you drive. However, Mercedes-Benz owners might want to purchase additional coverage to further protect their luxury vehicle against unforeseen events.
Mercedes car insurance protects both you and your vehicle in the event of an insured loss. Coverages include third-party liability, accident benefits, direct compensation property damage, and uninsured automobile coverage. You have the option to increase your coverage by purchasing additional auto insurance coverage, which adds additional insurance protection. Our expert brokers at Morison Insurance will guide you through getting the best Mercedes-Benz insurance quote.
Third-party liability insurance provides financial protection if a third party is physically harmed or their property is damaged due to your negligence, and they take legal action against you. Our Morison Insurance brokers recommend a minimum $2Million liability on your Mercedes insurance policy.
Accident benefits coverage will offer financial protection in the event you are injured in an automobile collision. Accident benefits include income replacement, attendant care expenses, medical and rehabilitation costs, and more. You have the option to increase your accident benefits coverage for further protection.
Direct compensation property damage coverage provides coverage to your Mercedes vehicle and its contents if you are not at fault in an accident. This coverage allows you to file a claim for damage to your vehicle and its contents with your own insurance company rather than through the at-fault party's insurer.
Uninsured automobile coverage protects you and your passengers in the event of a hit-and-run or accident with an uninsured driver. If you are injured or your vehicle is damaged, this coverage will help cover medical expenses and repair costs, ensuring you are not financially responsible for another driver's lack of insurance.
Basic car insurance coverages might not be enough to protect your luxury vehicle. There is a wide range of coverages that can be added to your Mercedes-Benz insurance policy to provide extra protection. Many Mercedes owners decide to add additional coverage to their policy as Mercedes-Benz vehicles have expensive repair costs. Some common additional coverages include collision or upset coverage, comprehensive coverage, all-perils coverage,
Collision or upset coverage adds 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 pays for losses, other than those covered by collision or upset, including perils listed under Specified Perils, falling or flying objects, and vandalism.
All-perils coverage 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 coverage for rental of a vehicle while the insured vehicle is out of use due to an insured physical damage claim.
Non-owned automobile 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 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 $1,400-$4,500 per year. Many factors determine the cost of your insurance rate, including your insurance history, if you have a clean driving record, your age, where you live, vehicle usage including annual mileage, the year and model of your 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 insurance deductible, such as $2,500, for more expensive models. 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 insurance premiums provided for general information. Please note that the prices below are average costs and vary by individual. For an accurate Mercedes car insurance quote, speak with a Morison Insurance broker.
|
VEHICLE |
APPROX. PRICE (per year) |
|
Mercedes-Benz GLC SUV |
$1,600 - $2,800 |
|
Mercedes-Benz GLE SUV |
$1,400 - $3,400 |
|
Mercedes-Benz GLA-Class |
$1,600 - $2,800 |
|
Mercedes-Benz S-Class |
$2,400 - $3,800 |
| Mercedes-Benz EQS Sedan |
$2,100 - $4,500 |
*The prices above were provided with the assumption that the driver had a good driving record (no previous tickets or accidents).
There are numerous factors that determine the insurance cost for a Mercedes-Benz, some are related to the vehicle while others are related to the driver. This is why insurance costs will vary from person to person. Some common factors that will determine the cost of Mercedes car insurance include:
To receive an accurate Mercedes-Benz auto insurance quote, contact the brokers at Morison Insurance.
In the event of a loss, Mercedes vehicles will cost more in repair costs or replacement costs. This is due to their innovative technology, advanced safety features, and luxurious comfort features. They are great features to have in a vehicle but will cost more to replace if an unforeseen event occurs, ultimately contributing to the higher cost of insurance.
Mercedes insurance rates can be expensive; however, prices vary among insurance companies, which is why it is essential to get several Mercedes insurance quotes. A Morison Insurance broker has access to dozens of leading insurance companies and will compare quotes to ensure you receive the best coverage at a competitive rate.
It is important to ensure you have the best insurance coverage to protect your luxury vehicle, but we understand you want to save on insurance. Some popular ways to save on Mercedes-Benz auto insurance without compromising your coverage include the following:
When you speak with a Morison Insurance broker, we will help ensure you receive the best Mercedes-Benz insurance quote that fits your budget.
You can get Mercedes car insurance by getting in touch with our expert team at Morison Insurance. We know high-value car insurance. Have peace of mind knowing our insurance team will shop for multiple competitive Mercedes insurance quotes from top insurance companies and will get you the best customized 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 assisting you!
