Mercedes E300 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Nov 15, 2021

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Key Takeaways

  • A Mercedes E class insurance costs are comparably high due to its insurance loss ratio being substantially higher than average in the categories of collision and comprehensive coverage.
  • The Mercedez-Benz E300 is classified as a large luxury vehicle.
  • The Insurance Information Institute for Highway Safety gives the Mercedez-Benz E300 the highest safety rating of good in all categories.

Looking for the best car insurance for Mercedes-Benz? The average Mercedes-Benz E300 insurance rates are $134 per month or $1,612 annually. 

Many factors impact your ability to get cheap car insurance rates. For example, the 2011 Benz E300 price for insurance will be different than the 2018 E300 price. Different models, like the 2014 Mercedes E350 insurance costs, will vary even more.  

Before you buy Mercedes-Benz E300 car insurance, read our comprehensive guide to see how you can save on Mercedes E class insurance costs. 

Get the most affordable Mercedes-Benz E300 auto insurance quotes by entering your five-digit ZIP code into our FREE quote comparison tool.

There are many options when buying insurance for your Mercedes E300. You can get prices from an agent or shop online to compare rates from multiple companies. online is easy and there is a good chance you can save money.

shopping for insurance may think buying cheap Mercedes E300 insurance is very challenging. Finding lower Mercedes E300 insurance cost is not rocket science. You just have to spend a little time getting comparison quotes from different insurance companies. by comparing rates here.

Car insurance premiums for a Mercedes E300 will vary greatly based upon several criteria. Some of these factors include:

  • The performance level of your E300
  • Your accident history
  • Use of your vehicle
  • Extra coverages like towing and rental
  • Your claim history
  • No coverage lapses saves money
  • Whether you own your home

An additional factor Mercedes E300 insurance rates is the year of the vehicle. Newer models than older models so repair costs are higher which will push premiums up. Conversely, newer models may have safety features such as adaptive cruise control, blind-spot warning system, autonomous braking, and anti-lock brakes so those may lower rates.

Liability coverage - Liability insurance protects you from damage that occurs to other people or property Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy as much as you can afford.

Collision coverage - pays for damage to your E300 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder. Mercedes E300 collision insurance is rather expensive coverage, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive coverage - Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum amount you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage .

Medical payments coverage and PIP - Med pay and PIP coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. PIP is not available in all states and gives slightly broader coverage than med pay.

We’ve now answered the question of whether or not insurance is higher on a Mercedes. You understand why a 2011 Mercedes E350 insurance cost is very different from the 2011 E300 price for insurance, or even than the E300 Mercedes 2002 model.

Why? Because The Mercedes E300 price for insurance varies depending on the age of your model and the trim level you chose.  

Ready to secure the cheapest rates for your Mercedes-Benz E300 car insurance? Start your search to find the best car insurance for you Mercedes-Benz.

Enter your ZIP code into our FREE quote comparison tool to immediately compare Mercedes insurance costs across multiple Mercedes-Benz E300 car insurance companies.  

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What are the safety ratings for the Mercedes-Benz E300?

When calculating your rates, insurance companies will ask is the Mercedes E300 reliable?

Therefore, understanding the Mercedes-Benz E300 safety ratings can help you discover where to save on your Mercedes Benz E300 price for insurance, and what may cost you more.

Take a look at the safety ratings below.

  • Small overlap front (driver-side): Good
  • Small overlap front (passenger-side): Good
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

The rating of Good is the highest possible score given by the Insurance Institute for Highway Safety. You’ll see some great savings on your car insurance due to these flawless safety ratings. 

In the table below, check out the Mercedes-Benz E300 crash test ratings as performed by the National Highway Traffic Safety Administration.

Mercedes-Benz E300 Crash Test Ratings
Vehicle TestedOverallFrontalSideRollover
Mercedes-Benz E3005 stars5 stars5 stars5 stars
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A 5-star rating is the highest possible score given by the National Highway Traffic Safety Administration. Overall, the Mercedes-Benz E300 did very well in all categories of crash tests.

However, maintaining this car can be pricey. For example, why is a Mercedes oil change so expensive? This is because you must use synthetic oil, which costs more. 

Higher maintenance vehicles usually cost more to insure than economy cars. 

Mercedes-Benz E300 Compared Against other Vehicles in the Same Class

Officially, the Insurance Institute for Highway Safety classifies the Mercedez-Benz E300 as a large luxury vehicle.

Comparing the Mercedes-Benz E300 to similar vehicles can help you save money, especially if the Mercedes-Bens E300 has a better loss ratio than other large luxury vehicles. 

See some of the Mercedes-Benz E300 insurance loss probability details in the table below. This data helps you answer questions like: is a BMW or Mercedes cheaper to insure?

Mercedes-Benz E300 Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Collision72%
Property Damage-24%
Comprehensive83%
Personal Injury-18%
Medical Payment11%
Bodily Injury-16%
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The lower the percentage, the better the insurance loss ratio. Unfortunately, the collision and comprehensive loss ratios for the Mercedes-Benz E300 are substantially worse than average. Luckily, the car did perform better in a few other categories.

Check out comparable car models below.

The Mercedes E class insurance costs are high because it’s insurance loss ratio is substantially worse than average in the categories of collision and comprehensive. They are 72 percent and 83 percent, respectively.

Fortunately, this vehicle’s property damage liability insurance loss is substantially better than average at -24 percent. You’ll see some savings as a result of this better than average insurance loss ratio.

You’re now an expert on Mercedes-Benz E300 insurance rates. Enter your five-digit ZIP code into our free quote tool to compare Mercedes-Benz insurance premiums right away.

References:

  1. https://www.iihs.org/ratings/insurance-losses-by-make-and-model
  2. https://www.iihs.org/ratings/vehicle/mercedes-benz/e-class-4-door-sedan/2020

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