Mercedes-Benz, based in Germany, is the world’s largest premium automotive brand. While it produces a wide variety of vehicles for varying purposes, Canada has the distinction of being one of the largest per-capita buyers of Mercedes-AMG high-performance cars in the world. When it comes to insuring a Mercedes-Benz, owners should expect higher costs than average due to expensive and specialized parts and repair needs, extensive cameras and sensors, and overall high value. Other factors can also influence insurance costs such as a vehicle’s body style, the driver’s history, location, theft experience and more.
This page uses MyChoice internal insurance quote data to compare Mercedes-Benz models across Ontario cities, estimate new-versus-used premiums and position the brand among its luxury rivals. It also points to coverage decisions involving collision, comprehensive, rental transportation, deductibles and depreciation protection.
Mercedes-Benz Insurance Numbers for Ontario
Mercedes-Benz has a median annual Ontario premium of $2,646, 13% above the $2,345 all-vehicle benchmark. Model-specific median estimates range from about $2,478 for the C300W 4MATIC to $3,402 for the C300 4MATIC.
| Median Mercedes-Benz premium (Ontario) | $2,646 |
| Mercedes-Benz vs Ontario all-vehicle median | +13% |
| Cheapest Mercedes-Benz model to insure in Ontario | C300W 4Matic 4Dr (~$2,478) |
| Most expensive Mercedes-Benz model to insure in Ontario | C300 4Matic 4Dr (~$3,402) |
| Cheapest alternatives to insure | Infiniti ($2,145), Lexus ($2,422), Tesla ($2,427), BMW ($2,459) |
Mercedes-Benz Insurance Differences Across Ontario Cities
Among our city-specific median insurance rates by model, a 2015 Mercedes-Benz C300 in Toronto is the most affordable to insure among the cars shown at $2,595 per year, while a 2018 C300 in London is the most expensive at $3,718. The similarity in original value between these models demonstrates how external factors such as location can influence insurance quotes significantly.
| City | Model | Model Year | List Price | Median Annual Car Insurance Premium |
|---|---|---|---|---|
| London, ON | C300 4Matic 4Dr | 2018 | $46,935 | $3,718 |
| Richmond Hill, ON | GLA 250 | 2025 | $54,180 | $3,282 |
| Richmond Hill, ON | GLC 300 | 2021 | $52,395 | $3,325 |
| Toronto, ON | C300 4Matic 4Dr | 2015 | $46,095 | $2,595 |
What Changes Between a New and Used Mercedes-Benz
A used Mercedes-Benz is estimated to cost $2,538 per year to insure, compared with $2,726 for a new one. That is a saving of $188 per year, or about $16 per month. Since the difference is modest, the exact model, trim, and equipped technologies may matter more than age alone.
Owners should also consider deductibles, collision and comprehensive coverage, financing requirements, and eligibility for a depreciation waiver or replacement-cost coverage, especially given the high up-front costs for Mercedes-Benz vehicles both new and used.
| Vehicle | Median Annual Car Insurance Premium |
|---|---|
| New Mercedes-Benz | $2,726 |
| Used Mercedes-Benz | $2,538 |
Mercedes-Benz Versus Its Luxury Rivals
Mercedes-Benz is the most expensive brand to insure among the seven luxury makes shown below at $2,646 annually. It sits $94 above Audi, $116 above Volvo and $501 above Infiniti. Changes in vehicle type, location or other factors may affect those gaps, so be sure to compare equivalent vehicles and coverage.
| Car brand | Median Annual Car Insurance Premium |
|---|---|
| Infiniti | $2,145 |
| Lexus | $2,422 |
| Tesla | $2,427 |
| BMW | $2,459 |
| Volvo | $2,530 |
| Audi | $2,552 |
| Mercedes-Benz | $2,646 |
Mercedes-Benz Cost and Safety Answers
How much does it cost to insure a Mercedes-Benz in Ontario?
Mercedes-Benz insurance costs a median of $2,646 per year in Ontario, based on MyChoice’s internal quote data.
Are Mercedes-Benz cars reliable and safe?
The 2026 J.D. Power U.S. Vehicle Dependability Study rates Mercedes-Benz among the five least reliable automotive brands in the industry. It’s also known for having high repair costs and specialized labour needs, which contribute to higher insurance quotes.
On the safety side, the Insurance Institute for Highway Safety (IIHS) gives the 2026 Mercedes-Benz GLE its highest Top Safety Pick+ designation, while the 2026 Mercedes-Benz C-Class and 2026 Mercedes-Benz GLC earn a Top Safety Pick rating. The brand is known for being a forerunner in innovative safety and driver assistance technologies. Many of these are standard on its latest vehicles, though this has not always been the case, so always verify equipment on the specific car you’re considering.