Compare the best Mercedes-Benz car insurance quotes for free.

If you’re looking to keep costs down when it comes to car insurance, consider a used Mercedes-Benz. It’s usually cheaper to ensure a used car than it is a new car.

Insurance policies for a new Mercedes-Benz also sometimes wind up more costly because comprehensive and collision insurance are usually recommended. These add-ons help cover costs in the case of an accident, theft, weather damage, or other occurrences that can tarnish a vehicle. Leased cars usually require comprehensive and collision coverage, as well. Cars that are five years or older, on the other hand, are considered used and don’t typically require those extra expenses.

Of course, new cars come with their own perks, such as a modern design and more advanced technology. They also sometimes function better because they waste less fuel and come with a warranty.

If you are looking to pick up a used car, though, Mercedes-Benz offers their own certified pre-owned vehicles that have to pass an engine test, appearance standards, an on-road evaluation and more.

If you’re on the lookout for the best car insurance rates for a Mercedes-Benz, you’ve come to the right place. Since there’s no single insurance provider that’s best for a Mercedes-Benz, or any make for that matter, it’s best to compare quotes for Mercedes-Benz insurance through our online platform. Or, alternatively, you can reach out to a broker for Mercedes-Benz insurance.

While lenders typically want to know the make and model of a car, they also take into consideration personal information about the driver, such as driving history, location, age and more.

Underwriting standards will also come into play in the decision making process. Each lender has its own approach to underwriting and it’s not always made perfectly clear. But, this will influence the rate the lender offers.

When calculating your Mercedes-Benz insurance, lenders review a wide range of criteria. Here are some factors they consider:

Location: Each province and territory has its own rules when it comes to auto insurance. Some provinces have public, government-run insurance, while others have private insurance options. Quebec has a hybrid of both public and private insurance.

Lenders also look at the city or town where you’ll spend most of your time on the road. Rural areas can sometimes be cheaper because there are less instances of collision and theft.

Age: Lenders measure experience by the years an applicant has been driving. For young drivers, Mercedes-Benz insurance is typically higher because it’s hard to predict how well a new driver is going to fare on the road. As you get older in years, and your driving expertise grows, lenders will usually lower insurance costs.

History: If you want the lowest insurance possible, keep a clean driving record. Once you’ve got a few spots on your driving record, your insurance will start climbing upwards.

Customer Loyalty: All companies want repeat customers and that includes insurance lenders. When it comes to insurance renewals for Mercedes-Benz, you’ll likely get a lower deal than you did the first time around.

Underwriting: Each insurance company has its own underwriting process. It’s basically how a lender assesses the risk they’ll take when insuring your vehicle. The higher the risk, the higher the insurance.

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