With the 2020 EQC 400 4Matic, a complete electric premium small SUV crossover, Mercedes-Benz is joining the all-electric car market. The EQC is the first all-electric German luxury automobile maker and will cost $67,900. It bears several characteristics with the GLC series, however, the EQC is supposed to be a GLC improvement.
The EQC 400 4Matic Mercedes-Benz is an electric SUV that is surprisingly economical to insure for a luxury car. The typical EQC 400 4Matic insurance premium is estimated to amount to around $ 250 a month or $ 3,000 a year – about twice the average yearly rate for most automobile models. With a base price of 67,900 dollars, however, the cost-to-base yearly insurance ratio is just at the national average of 4 percent.
How do I compare insurance for the EQC 400 4Matic?
Electric cars insurance is more costly than gas-powered insurance because of costly repairs, fewer skilled technicians, and fewer on-road EVs.
- Body type. The EQC is a tiny SUV crossover and a luxurious all-electric car – all increasing its insurance prices.
- Fuel. The EQC operates on all-electric power with a reported range of 200 to 220 miles at a single charge. This is not the furthest range in the SUV market of electric luxury, but should be plenty for your everyday journey. Repairing electric motors can be more expensive than gas, partly compensating for the savings you can see from not filling the tank.
- Theft rates. Mercedes-Benz is the premium brand most frequently stolen in the USA. This will have a part in the rates of the EQC, however it is also true that electric cars have a far lower risk of theft than gas vehicles, especially because they have to be locked off in order to load correctly.
- Maintenance. The average yearly maintenance cost for the Mercedes-Benz GLC comparable model is above $1 000, as of December 2019, according to the website of Repair Pal. Electric vehicles sometimes require less maintenance, although generally the cost is greater than gas vehicles. These criteria are important to the insurance premiums of the EQC.
- Coverage. As a premium car costs $65,000 north, you’ll probably want to cover as much as you can. This offers full and collision coverage, in addition to high liability limits. Also, make sure you set $50,000 or $100,000 limitations to uninsured motor property damage.
- Warranty. Mercedes-Benz provides a four-year basic guarantee, 40.000 miles, which may be extended to 100,000 miles. A separate guarantee for its electric battery is also planned. All Mercedes-Benz warranties come with roadside support, so you may skip them on your insurance policy.
- Manufacturer offer. Mercedes-Benz frequently provides several special discounts and offers for new vehicles including cashbacks, special rental reductions and low APR funding alternatives. See your local dealership for the best choice.
Does the Mercedes-Benz EQC 400 4Matic qualify for discounts?
The Mercedes-Benz EQC 400 4Matic is eligible for a variety of savings, however, the precise discounts depend on your model and your insurance carrier.
- Electric vehicle discount
- Active restraint discount
- Passive restraint discount
- Anti Lock brakes discount
- Antitheft discount
- Airbag discount
- Seatbelt pretensioners
Ready to get started?
We’ve got you covered.
How reliable is the Mercedes-Benz EQC 400 4Matic?
At the time of this writing, the official safety ratings in the US were not available, but you might fairly anticipate the EQC 400 4Matic to be equivalent or better than that of the GLC. In addition, the EQC 400 4Matic has the Australian authorities’ five-star safety rating.
- Safety. The 2019 Mercedes-Benz GLC, comparable to the US News & World Report, has a safety rating of 9.8 out of 10. The GLC 2019 also holds the Top Safety Pick+ certification from the Highway Institute (IIHS). Similarly high safety ratings for the EQC 400 4Matic may be expected, although official ratings will not be published until they hit the market.
- Reliability. J.D. Power rates the 2019 GLC dependability of 83 out of 100 while the Consumer Reports give it a score of 3 out of 5 stars. The EQC 400 4Matic should earn at least average or higher dependability ratings, based on prior GLC ratings.
- Recalls. In general, Mercedes-Benz has less recall than its competitors. However, the EQC is its first all-electric car, so a reminder is in danger.
The EQC 400 4Matic 2020 Mercedes-Benz is a small all-electric SUV. The automobile itself is priced less than its competitors and excellent security characteristics help keep its insurance costs affordable, particularly as a luxury electric vehicle.
Before your new EQC coverage is finalized, make sure various insurance providers are looking for the least price.
For another car insurance review, visit our review of Mercedes-Benz G-Class Insurance Cost.