The average car insurance premium for a Mercedes-Benz is $1,640 per year ($137 monthly). That’s 39% more than the national average for all brands. The most affordable major insurer for many Mercedes models is GEICO, which offers annual premiums of less than $800 for models like the C-Class, E-Class, and G-Class.

What salary do you need to afford a Mercedes-Benz?

Typically the guidelines for buying a car is that you can afford a car that costs half your annual income. If you want a brand new Mercedes you’ll want to earn about $62,000 a year and if you want a used one around $42,000 per year.

Is Mercedes A Class cheap insurance?

Which Mercedes has the cheapest insurance? The cheapest Mercedes to insure right now is the Mercedes A-Class 180 d. This diesel-engined hatchback has group 15 insurance in a number of trim-levels, though the third-generation A-Class has insurance as low as group 13.

How much is insurance for Mercedes C300?

The average Mercedes-Benz C300 car insurance rates are $1,652 a year or $138 a month.

Does it cost more to insure a Mercedes?

Insurance for a Mercedes-Benz can be more expensive than other vehicles. The average premium for a Mercedez-Benz tends to be higher than the average cost of insurance for other types of vehicles. Other Mercedes-Benz drivers have found the best rates with providers such as GEICO and Progressive.

What salary can afford a 50k car?

‘Never spend more than this much of your income on a car,’ says millionaire finance expert – 10% of gross salary – Someone earning 500k a year can afford a 50k car.

Are Mercedes expensive to insure?

Insurance for a Mercedes-Benz can be more expensive than other vehicles. The average premium for a Mercedez-Benz tends to be higher than the average cost of insurance for other types of vehicles. GEICO is another good choice for insurance for Mercedes vehicles.

Is BMW or Mercedes cheaper to insure?

According to car insurance quotes from Jerry customers, BMWs are a little cheaper to insure than Mercedes-Benz. Our data shows that BMWs have an average monthly premium of $261, while for Mercedes-Benz it’s $272—so it’s not a huge difference, but still, every dollar counts if you’re trying to save.

What’s the average insurance cost for a Mercedes Benz?

While Mercedes-Benz models generally protect occupants well, two models fall below average. As typical with many luxury vehicles, collision claims costs for Mercedes-Benz models tend to be higher than average. Comprehensive claims also rate higher than average for most Mercedes-Benz models.

How much does insurance cost for a Mercedes G Wagon?

The average cost of insurance for the G wagon is $5,162 per year for a 30-year-old, and $12,112 per year for an 18-year-old. Unlike the majority of Mercedes we surveyed, the cost to insure a G550 4MATIC does not uniformly decrease for older year models.

How much does insurance cost for a Mercedes GLA 250?

The average cost for an 18-year-old to insure a GLA 250 is $5,838 per year. Our survey of quotes found that the average cost of insurance for the Mercedes CLA 250 is $3,436 per year for a 30-year-old, though insurance rates varied by $1,321 across model years.

Which is the best insurance company for Mercedes E class?

The most expensive auto insurance carrier for a Mercedes-Benz E-Class is Safeco, with an average premium of $3,205 annually. Check out the data below to uncover Mercedes-Benz E-Class auto insurance premiums offered by top auto insurance companies.