Mercury Insurance has put together a list of the 10 cheapest electric vehicles to insure. No Tesla car is on the list.
Mercury said in a statement that, to compile the most affordable vehicles to insure, its research and development team examined 2019 electric vehicles available at car dealerships today or in the near future. 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 for research and development at Mercury. “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 developed the list for a 30-year-old with a clean driving record living in Newport Beach, California, and traveling 13,000 miles per year. The full coverage with a $500 deductible included liability limits of $100,000 in injuries per person, $300,000 per accident, and $50,000 in property damage.
Learn more: http://www.mercuryinsurance.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].