Based in Germany, Mercedes-Benz is the world’s largest premium automotive brand. It makes all kinds of vehicles for a range of purposes. Mercedes-Benz insurance rates tend to cost more than average. This is due to the high value of the vehicle, expensive repairs and specialized parts. There are also many sensors and cameras in Mercedes-Benz vehicles. Rates are also affected by the body style of the vehicle, driving history, location, and the possibility of being stolen. Canada is one of the biggest consumers of its high-performance Mercedes-AMG cars on a per-capita basis in the world.
Using internal quote data, MyChoice looks at various models and cities in Ontario to understand Mercedes-Benz insurance costs. We also investigate the premium difference between insuring new and used models, and how Mercedes-Benz insurance premiums compare to other luxury brands. We’ll also go over collision and comprehensive insurance, rental car replacement, deductibles, depreciation, and more.
Mercedes-Benz Insurance Numbers for Ontario
Estimates range from about a $2,478 median annual premium for a C300W 4MATIC to $3,402 for a C300 4MATIC.
Overall, the median annual insurance rate on a Mercedes-Benz in Ontario is $2,646. That’s 13% more than the median annual premium ($2,345) for all vehicles.
| 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
On average, insuring a used Mercedes-Benz will cost an estimated $2,538 a year, which is $188 (about $16 a month) less than insuring a new one ($2,726 a year). Given the small difference between new and used, the exact trim level, model, and technological advances may have an even larger impact on costs.
| Vehicle | Median Annual Car Insurance Premium |
|---|---|
| New Mercedes-Benz | $2,726 |
| Used Mercedes-Benz | $2,538 |
Mercedes-Benz Versus Its Luxury Rivals
Of the seven luxury makes studied, Mercedes-Benz had the highest insurance costs: $2,646 per year, $94 more than Audi, $116 more than Volvo and $501 more than Infiniti.
Depending on the type of car and location, among other things, costs could be different. Make sure you’re comparing similar cars with similar levels of 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 ,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.