Mercury Insurance Names The 10 Most Affordable Electric Vehicles To Insure

Mercury Insurance Names The 10 Most Affordable Electric Vehicles To Insure

The advantages of electric vehicle ownership include government rebates on the initial purchase, no need to budget for gasoline and reduced maintenance costs due to fewer parts, but one key item consumers need to factor in is the cost to insure the electric vehicle.

Electric vehicle sales have been propelled by the entry of lower-cost models from more automotive manufacturers. Consumers are purchasing a larger proportion of all-electric-vehicles than hybrid electric vehicles. The advantages of ownership include government rebates on the initial purchase, no need to budget for gasoline and reduced maintenance costs due to fewer parts, but one key item consumers need to factor in is the cost to insure the electric vehicle. Mercury Insurance has put together a list of the 10 cheapest electric vehicles to insure.

Mercury’s research and development team examined 2019 electric vehicles available at car dealerships today or in the near future to compile a list of the most affordable vehicles to insure. The list was created based on Mercury’s price for full coverage – liability, comprehensive and collision – in California.

“The thought of owning an electric vehicle continues to attract more consumers and they have even more options to pick from today than in the past,” said Chong Gao, senior product manager, R&D for Mercury Insurance. “We put together this list to help inform your decision, because many people don’t consider what it will cost to insure a vehicle before they buy it. Some great news is that all of the vehicles today on our list qualify for the max Federal Tax Credit rebate.” 

Here is the complete top-10 list for 2019 all-electric vehicles, beginning with the most affordable make and model to insure*. 

·     Fiat 500e 

·     Kia Soul EV 

·     Nissan Leaf 

·     Volkswagen e-Golf 

·     smart EQ fortwo pure coupe 

·     Hyundai Kona Electric SEL 

·     Ford Focus Electric 

·     Hyundai IONIQ Electric 

·     BMW i3 

·     Chevrolet Bolt EV

* Mercury Insurance developed the list using a 30-year-old with a clean driving record, who lives in Newport Beach, California, and travels 13,000 miles per year. The full coverage with a $500 deductible includes liability limits of $100,000 in injuries per person, $300,000 per accident, and $50,000 in property damage.

You May Also Like

Opus IVS Adds Tech Advancements, Extended ADAS Support

The new Giotto software update offers comprehensive support for MY24 vehicles.

Opus IVS launched the Giotto software's latest iteration, release 22.0, which integrates into its DriveSafe and DrivePro products. The newly enhanced Giotto release offers comprehensive support for MY24 vehicles, along with advanced system coverage across nearly every North American make, the company said. The latest content update brings the entire MY24 range of VW/Audi within reach, complemented by additional ADAS support for GM vehicles. Furthermore, Opus IVS has introduced enhanced EV coverage for GM trucks.

AAM’s Next-Gen Electric Drive Systems on Display at CES

Among the products showcased at CES will be AAM’s electric drive units, e-Beam technology and component technology.

AAM's Next Gen Electric Drive Systems on Display at CES 2024
Shop-Ware Partners with Amazing 7 on Phone Integration

The integration allows repair shop staff members to gain valuable context to incoming phone calls and respond to customers accordingly.

Shop-Ware-Amazing-7-phone-integration
Continental, Synopsys Team Up on Automotive Software Development

The collaboration aims to accelerate the development and validation of software features and applications for the Software-Defined Vehicle.

Epicor Unveils Digital Cataloging, Future Plans

The new catalogs use Epicor-validated, ACES-compliant data and an “Intelligent Search” feature to find the right part quickly.

Epicor digital catalog

Other Posts

Automotive, Mining Sectors to Meet for Battery EV Conference

The 2024 BEV In-Depth conference in Ontario, May 29-30, will explore the EV battery supply chain and zero-emission vehicle advancements.

EV-Batteries-Generic
Mullen Automotive Expands Salesforce

The EV manufacturer has expanded its sales team in support of commercial vehicle sales initiatives.

EV Manufacturer Mullen Announces New Key Hires
The Not So Electric Near Future

The public is overestimating the impact EVs will have on the car parc in the immediate future.

Charging Ahead cloud Theory
New Hyundai/Kia Air Skirt Helps to Maximize EV Range

The Active Air Skirt (AAS) helps improve driving range and stability of EVs, the companies said.

Hyundai-KIA-air-skirts