
Mercedes cars tend to be costly to insure. However, each model of a Mercedes can affect the cost of car insurance rates differently and MoneyGeek has conducted research into their four major models to help drivers find cheaper insurance coverage rates.
Car model and driving history are key determinants of auto insurance rates; however, other aspects like location can have an effect on what you owe for auto coverage.
The Cost of Insuring a Mercedes-Benz
The Mercedes-Benz GL550 is a luxury SUV offering numerous premium features, such as leather upholstery, power-adjustable front seats with massage and lumbar support, power adjustable steering column, rear view camera, 13 speaker Bang and Olufsen audio system, three zone automatic climate control system, keyless entry/ignition and soft closing doors. Furthermore, this powerful V8 engine can tow up to 7,500 pounds. Although regarded as luxurious by most drivers, insurance rates for this Mercedes vehicle remain affordable.
But it should be noted that Mercedes cars typically carry higher car insurance premiums compared to other luxury marques like Audi, BMW and Porsche - and this trend appears in MoneyGeek's analysis for the GL550 as it ranks as one of the two most costly Mercedes models to insure.
Comparatively to non-German luxury brand vehicles, the GL550 boasts lower average car insurance rates than Lexus, Acura and Infiniti vehicles; however, its insurance costs still surpass most SUVs of its class that boast annual costs below $2,400 per year.
Ultimately, the GL550's main competition comes not from other Mercedes SUVs but rather other stylish vehicles like the Infiniti QX56, Lincoln Navigator, and Cadillac Escalade - these rivals all provide comparable price ranges and amenities similar to what the GL550 offers, allowing drivers to select which best fits their lifestyle.
Insurance rates differ by state and driving record; thus the cheapest Mercedes GL550 policy depends on where you reside and how your driving history compares to others in your region. Older models tend to offer cheaper premiums while those with good credit may even receive discounts off their car policies.
Auto insurance providers take many factors into account when calculating how much to charge for coverage, including your vehicle's safety rating and likelihood of theft. These considerations impact your premium for both liability-only and full coverage insurance; thus it is wise to compare quotes from multiple providers before making your purchase decision - enter your zip code below for personalized car insurance quotes!
The Cost of Insuring a GL550
Mercedes-Benz GL550 SUVs compete with Infiniti QX56s (now QX80s), Lincoln Navigators, and Cadillac Escalades in terms of luxury SUVs. Pricing falls in a similar range as more ostentatious rides like Range Rover; however, with larger passenger capacity and better fuel economy.
The GL550 is an impressive road-going machine, but as is often the case with luxury vehicles, its insurance costs can be costly. While its costs to insure may be less than other Mercedes vehicles, it still ranks among one of the costliest overall. Drivers can often reduce rates through policy discounts available to them such as driving safe vehicles, taking defensive driver courses or being married or homeowners as well as having low annual mileage which can save up to $244 annually!
Location plays an integral part in determining Mercedes-Benz GL550 insurance rates. As insurance is regulated state by state, premiums may differ significantly between locations; therefore drivers should do their research prior to purchasing their car to ensure they get the best deal.
MoneyGeek's data indicates that there is no single company providing the cheapest Mercedes-Benz insurance policy; however, MoneyGeek data shows that GEICO and Progressive provide some of the more economical policies while Allied offers some of the more costly policies for this model.
Alongside your company choice and driver demographics, age and gender also factor into Mercedes-Benz GL550 insurance rates. Men often pay higher premiums than women; individuals with poor credit usually do. A clean record can significantly lower rates by eliminating at-fault accidents that could potentially incur costly repairs bills; other variables that impact coverage could include where you reside or driving experience behind the wheel; having no at-fault accidents could save up to $224 annually!
The Cost of Insuring a GL350
As with any vehicle, the cost to insure a Mercedes-Benz GL350 can differ depending on both insurer and driver. Your premiums depend on several factors including age, car model and location - as car insurance regulations differ by state, rates may be very different between locations; to get the best coverage available it's wise to compare quotes from multiple providers before settling on one policy.
Although luxury German cars tend to have expensive car insurance rates, the Mercedes GL350 stands out for being relatively cost-effective when compared with other midsize luxury SUVs - in fact it boasts one of the lowest premiums analyzed by MoneyGeek.
The GL350 is considered to be a relatively safe vehicle, which may help lower insurance premiums. However, like any car it can still be vulnerable to theft and vandalism so extra precaution should be taken when parking or driving your GL350.
The GL350 comes standard with airbags and anti-lock brakes, in addition to driver assistance features like rearview cameras, parking assist systems and blind spot monitors. You can even opt for an active ventilated front seat and heated steering wheel for added comfort.
There are various strategies for saving on car insurance for a GL350, such as bundling your policies with one company and being an excellent student. Also, shop around for competitive rates and inquire about discounts that might apply to you; finally it would be wise to obtain multiple quotes from different companies before speaking with an agent about them.
The GL350 luxury SUV will likely remain popular for years. Though its price point may seem steep, this vehicle makes a fantastic choice for families that value safety and comfort when selecting their next ride.
The Cost of Insuring a GL450
As luxury SUVs go, the GL550 stands out as being among the most spacious, comfortable and powerful available. Furthermore, its twin-turbo 4.7-liter V-8 produces 429 horsepower and 516 pound-feet of torque; coupled with its seven-speed automatic transmission it ensures rapid acceleration (our test car achieved 5.4 seconds to 60 MPH and 13.9 seconds quarter mile in C/D testing). Furthermore, an array of safety features come standard including PRE-SAFE which detects any instances when drivers may become unresponsive behind the wheel before intervening to prevent an accident from occurring if necessary.
There are various factors that impact how much your Mercedes Benz GL550 insurance costs, including your age, driving history, location and coverage options. Furthermore, car choice plays an integral part - older cars tend to have lower premiums while full coverage tends to cost more.
To provide an accurate estimate of how much Mercedes Benz GL550 car insurance will cost, it's essential that you have a firm understanding of both your vehicle and driving habits. When shopping around for quotes from different insurance providers, compare rates across several companies to ensure you're receiving the best offer - beware of those offering cheaper rates as they may not provide equal levels of coverage or customer service.
Shelter Mutual provides average rates of $31 for liability-only coverage; other economical insurance providers include MetroMile, Workmens and Clearcover.
The GL550 competes against other luxury SUVs such as the Infiniti QX56, Lincoln Navigator and Cadillac Escalade; it should be remembered that the GL550 can comfortably seat seven people while most competitors only provide space for five.
Overall, the GL550 is slightly more expensive to insure than an average midsize luxury SUV. When compared with 21 vehicles from its same period, it ranks 11th with an estimated average annual full coverage car insurance premium rate of around $1,426; that figure surpasses that for any other type of luxury SUV premiums.