The EQB is an electric family SUV from Mercedes-Benz. If you are weighing one up in Singapore, its costs work a little differently from a petrol car's. The COE category and road tax both follow motor power. And fewer insurers quote electric cars online. This guide goes through each cost and what moves it.
The insurance prices here are examples for one stated driver, read on 20 October 2026. Use them to compare, not as a quote.
The versions
The new-car list read on 2026-10-10 has two versions on sale, both SUVs made in Germany:
- EQB300 4MATIC AMG Line 66.5 kWh: electric, 225bhp
- EQB300 4MATIC AMG Line Premium 66.5 kWh: electric, 225bhp
Our quote form prices the EQB 250, the version most of our insurers quote. That is a different version from the two on sale now. So the insurance figures below are for the EQB 250.
List prices
As listed on 2026-10-10, with COE included that day:
- EQB300 4MATIC AMG Line: S$288,800
- EQB300 4MATIC AMG Line Premium: S$299,000
These move with the COE. When you compare dealers, check what each price includes.
COE
A fully electric EQB needs a Category A COE if its motor is 110kW (147bhp) or less. If the motor is more powerful, it needs a Category B COE.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. The COE page has the latest results.
Road tax
For a 225bhp (168kW) electric motor, as on the versions on sale, LTA's formula gives S$1,900.38 a year, before any age surcharge.
After 10 years, a surcharge is added:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
A version with a different motor pays a different figure. The road tax page explains how it is worked out.
Insurance for the stated driver
The Mercedes-Benz EQB price page uses one example:
- Car: EQB 250, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 to 19 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no options
8 insurers price it. The lowest premium is S$1,005.26 a year. The insurer whose lowest plan is dearest asks at least S$2,088.45. That is S$1,083.19 more, or 108% on top. All prices include 9% GST.
So the dearest lowest plan costs more than double the lowest. Eight insurers on our panel do not price this model online. Two of them do not quote electric cars online, and one prices only repairs at any workshop. Some prices shown are estimates.
The excess
The lowest plan comes with a S$2,500 excess. Most others carry S$600 or S$800. One electric-car plan, which allows any workshop, carries S$900. One plan has no excess. You pay the excess first on each claim, so set it beside the premium.
Some insurers here have plans built for electric cars. Read what they cover, such as the battery or the charging cable, before you compare prices.
What moves the price
The lowest price with one change:
- No NCD (0%): S$1,889.60, S$884.34 more
- 20% NCD: S$1,523.16, S$517.90 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,032.13, S$1,026.87 more
- Driver aged 65, 20 or more years' driving: S$1,152.20, S$146.94 more
- A new car, registered this year: S$1,000.51, S$4.75 less
- A car 8 years old: S$904.26, S$101.00 less
The younger driver is the costliest change, at 102% more. That more than doubles the lowest price. Losing the NCD is close behind. Car age matters far less. These are lowest prices only; other plans may move by different amounts.
A family SUV is often driven by more than one person. If a younger driver will use it, add them to the quote before you buy. The same applies if your own NCD is below 50%, since even 20% NCD adds S$517.90 here.
Against other electric cars
For the same driver and car age:
- BYD Atto 3: S$789.73
- BYD M6: S$799.24
- Tesla Model 3: S$1,093.31
- Tesla Model Y: S$1,147.48
- Hyundai Ioniq 5: S$954.21
- BYD Dolphin: S$787.08
Their average lowest price is S$928.51. The EQB is 8% above it, and four of the six cost less to insure. Other models are on the Mercedes-Benz car insurance page.
Costs that depend on you
- Charging: what you pay depends on where you charge and how far you drive. Check whether your condo or HDB car park has chargers.
- Parking: season parking at home and work, and wherever else you go.
- ERP: your routes and timing.
- Servicing: the maker's schedule, plus tyres and brakes over time. Ask how long the battery warranty runs.
- Depreciation: what you pay set against what the car fetches later.
The figures in brief
For the Mercedes-Benz EQB:
- Road tax: S$1,900.38 a year for the 225bhp motor, before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, EQB 250, example driver: from S$1,005.26 a year (20 October 2026)
- Insurance, no NCD: from S$1,889.60
- Insurance, driver aged 27: from S$2,032.13
The one-off costs, for reference: from S$288,800 as listed on 2026-10-10, COE included. COE closed at S$130,001 (Category A) and S$130,100 (Category B) in the October 2026 1st round.
Before you buy: car insurance for the Mercedes-Benz EQB
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Mercedes-Benz EQB to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.