Mercury Insurance Names Most Affordable Electric Vehicles to Insure

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.

Tesla Model 3 Electric Car, Vehicle

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.”

Hyundai Ioniq Plugin Hybrid

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.

The all-electric BMW i3 is featured in a 60-second spot during Super Bowl XLIX on Sunday, February 1, 2015. (01/2015)

**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!

Source: Mercury Insurance (MCY) www.mercuryinsurance.com