Mercury Insurance has released a list of the most affordable new electric vehicles to insure this year, in response to the increasing popularity of EVs, particularly in California.
With several factors influencing the cost of insuring a vehicle – including the frequency of claims for similar models, repair expenses, and safety records – Mercury’s research and development team focused on EVs from the 2024 model year that are currently available in dealerships.
Below is the list of the 10 most affordable new EVs to insure, starting with the least expensive:
Chong Gao, director of product management R&D at Mercury, stated: “One of the most important aspects when researching your ideal EV is to consider the total cost of ownership, in which insurance plays an important part.
“We realize that for many customers this may be their first time considering an EV, and it helps to have as much information as possible.”
In July, the auto insurer also compiled a list of the most affordable new sedans to insure:
At the time, the product management R&D director said: “Plenty of vehicles are known to have lower repair costs, which means they could also cost less to insure. Mercury has put together this list to help savvy consumers know where the best savings can be found.”
In June, a similar list for trucks and sport utility vehicles was published.
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