Mercedes E300 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 6, 2023

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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.

Drivers have lots of options when buying insurance for your Mercedes E300. You can buy direct from a local agent or shop online to compare rates from lots of different providers. Buying car insurance through online providers is easy, plus you might just save a little.

People who are new to buying insurance may think finding low-cost Mercedes E300 insurance is hard and time consuming. Finding lower Mercedes E300 insurance cost is surprisingly easy. You just have to spend a little time to get quotes from different insurance companies. This can be accomplished by comparing rates here.

Rates are impacted by...

Auto insurance rates on a Mercedes E300 can fluctuate considerably based upon several criteria. Including but not limited to:

  • The performance level of your E300
  • Accidents raise premiums
  • Multiple policies can save money
  • Pleasure use vs. commuting use
  • Young drivers cost more
  • Whether you are married
  • Add-on coverages such as rental reimbursement
  • Claims drive up premiums
  • Having current coverage saves
  • Home ownership saves money

A final factor that helps determine Mercedes E300 insurance rates is the model year. Newer models cost more in comparison to later models so repair costs are higher which may result in higher rates. On the flip side, more recent E300 vehicles may have a trim level with safety features like active head restraints, an advanced theft deterrent system, and lane departure warning system which may lower rates.

Liability auto insurance - Liability insurance will cover damage or injury you incur to people or other property in an accident. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so consider buying as high a limit as you can afford.

Collision coverage - Collision insurance will pay to fix damage to your E300 resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder. Collision coverage for your Mercedes E300 can be pricey, so consider dropping it from vehicles that are older. You can also bump up the deductible to get cheaper Mercedes E300 insurance rates.

Comprehensive (Other than Collision) - This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by your Mercedes E300 comprehensive insurance. The most your car insurance company will pay is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense insurance - Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are often used in conjunction with a health insurance program or if you lack health insurance entirely. PIP is only offered in select 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

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%

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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