Mercury Insurance Names the 10 Most Affordable Mass Market and Luxury Sport Utility Vehicles, Crossovers to Insure
Consumers’ preferences are leaning towards SUVs and crossovers for many reasons, including styling, cargo and seating capacity, and safety benefits.
LOS ANGELES, Calif. (November 19, 2019) –SUV and crossover sales have been propelled by historically low gas prices and constantly changing tastes – consumers are purchasing a larger proportion of sport utility vehicles and crossovers than sedans or sports cars. The advantages of ownership include a higher ride, which leads to increased visibility on the road, more cargo space and seating capacity, and increased performance, but one key item consumers need to factor in is the cost to insure these larger vehicles. Mercury Insurance (NYSE: MCY) has put together lists of the most affordable SUVs and crossovers to insure.
Mercury’s research and development team examined 2019 and 2020 model year (MY) sport utility vehicles and crossovers available at car dealerships today to compile these lists, which were created based on Mercury’s price for full coverage[1] – liability, comprehensive and collision – in California.
“Consumers’ preferences are leaning towards SUVs and crossovers for many reasons, including styling, cargo and seating capacity, and safety benefits. As auto manufacturers respond to this trend by focusing on the production of these types of vehicles, consumers have many more options to choose from,” said Chong Gao, director of product management R&D for Mercury Insurance. “We put together these lists as a guide for consumers to consider insurance cost as an important factor in purchasing a vehicle.”
Here is the top-five list for 2019-2020 MY mass market crossovers, beginning with the most affordable make and model to insure.
1. 2019 Hyundai Santa Fe XL
2. 2020 Kia Soul
3. 2019 Honda CR-V
4. 2019 Hyundai Santa Fe
5. 2019 Ford Flex
Here is the top-five list for 2019-2020 MY luxury crossovers, beginning with the most affordable make and model to insure.
1. 2020 BMW X3
2. 2019 Volvo V90 Cross Country
3. 2020 Volvo V60 Cross Country
4. 2020 BMW X2
5. 2019 Lincoln Nautilus
Here is the top-five list for 2019-2020 MY mass market SUVs, beginning with the most affordable make and model to insure.
1. 2019 Honda Pilot
2. 2019 Kia Sorento
3. 2019 Ford Edge
4. 2020 Jeep Cherokee
5. 2019 Nissan Murano
Here is the top-five list for 2019-2020 MY luxury SUVs, beginning with the most affordable make and model to insure.
1. 2020 Lincoln MKT
2. 2020 Mercedes-Benz GLC
3. 2019 Infiniti QX80
4. 2019 Volvo XC90
5. 2020 Land Rover Range Rover Sport
About Mercury Insurance
Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit www.mercuryinsurance.com or Facebook and follow the company on Twitter.
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[1] Mercury Insurance developed the list using a 39-year-old with a clean driving record, who lives in Newport Beach, California and travels 11,000 miles per year. The comprehensive coverage with a $1,000 deductible includes liability limits of $15,000 in injuries per person, $30,000 per accident, and $5,000 in property damage.