Mercedes-Benz "Major Model Car Insurance Ratings Increase by Up to 2 Levels"

The New Mercedes-Benz GLC

[Asia Economy Reporter Changhwan Lee] Mercedes-Benz Korea announced on the 4th that the vehicle model ratings of major popular models such as the S-Class, C-Class, GLC, and CLS have increased by up to 2 levels 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 annually assigns insurance premium grades based on the extent of damage and ease of repair in collision accidents and loss ratios for each vehicle model, rated from grade 1 to a maximum of grade 26. An increase of one grade results in a reduction of automobile insurance premiums by approximately 5% to 10%.

According to the 2021 vehicle model rating evaluation results, based on currently sold vehicles, the S-Class and C-Class were upgraded by 2 levels compared to the previous year to grades 17 and 10 respectively, and the CLS was upgraded by 1 level to grade 11. In particular, the GLC was rated grade 17, an increase of 1 level, continuing its record of rising ratings for five consecutive years since its first domestic launch in 2016.

Accordingly, Mercedes-Benz customers owning these models are expected to benefit from lower comprehensive insurance premiums, allowing them to maintain their vehicles at more reasonable costs.

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