If you're selling auto insurance, you likely have clientsthat are interested in purchasing and insuring one of the newestelectric vehicles.
|Electric vehicles have come a long way in the past four years,as the market has seen a strong growth in sales and the number ofmakes and models available to consumers.
|Insurance cost
Mercury Insurance put together a list of the 10 mostaffordable electric vehicles to insure.
Mercury's research and development team examined the 2017electric vehicles available at car dealerships today or in the nearfuture 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 increasing
“Consumer interest and intent to buy electric vehicles hasincreased substantially,” said Chong Gao, senior productmanager, R&D for Mercury Insurance. “We put together this listto help inform your decision, because many people don't considerwhat it will cost to insure a vehicle before they buy it.”
|Related: Volvo to pull plug on gasolineengines
|Mercury Insurance developed the list using a 30-year-old malewith a clean driving record, who lives in Newport Beach,California, and travels 13,000 miles per year. The full coveragewith a $500 deductible includes liability limitsof $100,000 in injuries per person, $300,000 peraccident, and $50,000 in property damage.
|Here are the 10 most affordable 2017 all-electric vehicles toinsure:
||(Photo: tesla.com videoscreenshot)
|10. Tesla Model 3
Tesla has characterized the Model 3 as its inroad to mass-marketdrivers — the base model, before options or incentives,at $35,000, will be roughly half the price of the company'scheapest Model S, according to Bloomberg.
|Related: Choosing a plug-in electric car
||(Photo: bmwblog.com)
|8. BMW i3 (tie)
The new BMW i3 received the inaugural2017 World Urban Car award at the New York International Auto Show,in April.
Related: Best eco-friendly cars for Earth Day2017
||The 2017 Hyundai Ioniq electric vehicle is shown at the NewYork International Auto Show, Wednesday, March 23, 2016. (APPhoto/Mark Lennihan)
|8. Hyundai IONIQ Electric (tie)
The Ioniq Electric is EPA-rated at 124 miles of range fromthe 28-kwh battery pack that powers an 88-kilowatt(118-horsepower) electric motor.
|Related: The best cars for senior drivers in2017
||(Photo: ford.com)
|7. Ford Focus Electric
The Ford Focus Electric is now in its sixth model year, althoughit's still sold in limited numbers and only in certain regions ofthe U.S. This 5-door hatchback is currently the only fullbattery-electric vehicle (EV) sold by Ford, as noted by CarGurus.
|Related: 10things you don't know about electric vehicles
||(Photo: mitsubishi-motors.com)
|6. Mitsubishi i-MiEV
With a base price of less than $24,000, the i-MiEV is the leastexpensive electric car available in the U.S., accordingto Kelley Blue Book.
|Related: 5 reasons why auto accidents are on therise
||(Photo: smartusa.com)
|5. Smart ForTwo Electric Drive
The 2017 Smart Fortwo Electric Drive Cabriolet is actually theonly convertible EV on the market.
|The ForTwo battery is 17.6 kWh, and range is up from 68 miles tobetween 70 and 80. It now has a faster on-board charger, so ittakes only about 3 hours to bring the battery from empty to full— twice as fast as it was before, notes CNET.
|Related: Shocked!The dangers of electric vehicle charging stations
||The 2017 Volkswagen e-Golf is shown during the Los AngelesAuto Show in Los Angeles, Thursday, Nov. 17, 2016. (AP Photo/ChrisCarlson)
|4. Volkswagen e-Golf
Now in its third year, the 2017 Volkswagen e-Golf is the firstand so far only all-electric VW offered in the U.S. and Canada. The2017 e-Golf's range is substantially improved over previousversions. This year, VW says the e-Golf will travel up top 124miles on a charge, according to The Car Connection.
|The VW e-Golf has launched only in 10 Northeast and West Coaststates, although the company says it will expand distribution infuture.
|Related: 20 best cars for the money in 2017
||(Photo: nissanusa.com)
|3. Nissan Leaf
The Leaf arrives into the 2017 model year all but unchanged asNissan prepares a redesigned second-generation model for launch atsome future date, according to Green Car Reports.
|With the 30-kWh pack, the Leaf gets an EPA-rated 107 miles ofrange. A full charge from a 240-volt Level 2 AC sources takesaround 7 hours with the 3.6-kW charger, and around 6 hours with the6.6-kW charger, according to Nissan.
|Related: 20 best car insurance companies of 2016 ranked byconsumers
||(Photo: kia.com)
|2. Kia Soul EV
The 2017 Kia Soul EV offers more spacefor people and cargo than many other small battery-electric cars,but you can only buy it in limited regions.
|The range for a fully charged Soul EV is 93 miles.
|Related: 10 states with the worst drivers
||(Photo: fiatusa.com)
|1. Fiat 500e
The 500e is unchanged for 2017. The 500e is powered by an 83kWelectric motor with a single-speed transmission that provides arange of 87 miles, according to Autoblog.
Related: America's10 most stolen vehicles
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.