Fiat 500e is the most affordable pure electric vehicle to insure with the popular Tesla Model 3 makes the list
Electric vehicles have come a long way in the past five years, as the market has seen a strong growth in sales and the number of makes and models available to consumers. Mercury Insurance (NYSE: MCY), the least expensive insurance option for electric car owners in California, as named by Nerdwallet, put together a list of the 10 most affordable electric vehicles to insure.
Mercury’s research and development team examined the 2017 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 the Mercury price for full coverage – liability, comprehensive and collision – in California.
“Consumer interest and intent to buy electric vehicles has increased substantially,” 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.”
Furthermore, here is the complete top list for all-electric vehicles. First off and beginning with the most affordable make and model to insure*.
1. Fiat 500e
2. Kia Soul EV
3. Nissan Leaf
4. Volkswagen e-Golf
5. Smart ForTwo Electric Drive
6. Ford Focus Electric
7. Hyundai IONIQ Electric
8. BMW i3
9. Tesla Model 3**
*Firstly, Mercury Insurance developed the list using a 30-year-old male with a clean driving record. Therefore the standard is the guy who lives in Newport Beach, California. Then he therefore travels 13,000 miles per year. The full coverage assumes also with a $500 deductible. However and in conclusion, the policy includes liability limits of $100,000 in injuries per person. As well as $300,000 per accident, and $50,000 in property damage.
**Finally, Personal auto insurance quotes for Tesla’s. More importantly, they are only available by calling a local Mercury agent. Therefore call your local Mercury agent!
The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from:
# Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions)
# Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman
# Build Your Own Electric Motorcycle by Carl Vogel
# Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky
# Solar Power For Your Home by David Findley
# Renewable Energies For Your Home by Russel Gehrke
# Do-it-Yourself Home Energy Audits by David Findley
# Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea
# and more green living books to follow.