Mercedes-Benz E-Class and GLC Insurance Premiums Reduced by Up to 10%... Car Insurance Grade Improvement

E-Class, GLC Insurance Development Institute Vehicle Model Rating Upgrade

Mercedes-Benz E-Class (Photo by Mercedes-Benz Korea)

[Asia Economy Reporter Kim Ji-hee] Mercedes-Benz Korea announced on the 9th that the vehicle model ratings for the 10th generation E-Class sedan, coupe, and cabriolet lineup, as well as the GLC and GLC Coupe, have been upgraded in the vehicle model rating evaluation conducted by the Korea Insurance Development Institute.

The vehicle model rating evaluation by the Korea Insurance Development Institute is a system that assigns insurance premium grades based on the extent of damage and ease of repair in collision accidents for each vehicle model, as well as loss ratios. Ratings range from grade 1 to a maximum of grade 26, and an increase of one grade results in approximately a 5% to 10% reduction in automobile insurance premiums.

The 10th generation E-Class sedan, coupe, and cabriolet lineup, launched domestically in 2016, was upgraded by 2 grades from the previous year to grade 15. Additionally, the mid-size sport utility vehicles (SUVs) GLC and GLC Coupe, introduced to the domestic market in 2016 and 2017 respectively, were also rated 2 grades higher than the previous year, at grade 16.

In particular, the 10th generation E-Class lineup has steadily improved over the past four years since its vehicle model rating was first assigned through a crash test in 2016, resulting in a total increase of 4 grades.

As a result, automobile insurance premiums for approximately 150,000 vehicles (based on KAIDA registration) including various E-Class lineups, GLC, and GLC Coupe will be reduced. The upgraded automobile insurance vehicle model ratings for these vehicles have been uniformly applied since January.

Kim Ji-seop, Vice President of Customer Service at Mercedes-Benz Korea, stated, “We strive to ensure that customers who choose Mercedes-Benz experience the highest satisfaction throughout the ownership of their vehicles,” adding, “We will continue to do our best to maximize customers’ practical satisfaction in vehicle maintenance and management.”

This content was produced with the assistance of AI translation services.