News Releases

Mercury Insurance Names the Most Affordable New Electric Vehicles to Insure
2021 Hyundai Santa Fe EV tops the list
One factor that consumers will have to consider when purchasing an electric vehicle is the cost to insure it, and Mercury offers a discount on EVs in 10 of the eleven states we offer personal auto insurance.

LOS ANGELES, Calif. (August 17, 2021) – More consumers are looking to buy an electric vehicle (EV) now than ever before – studies have shown that 71 percent of U.S. drivers would consider buying an EV in the future, with more than 30 percent indicating interest in an EV for their next vehicle purchase. Mercury Insurance (NYSE: MCY), a leading auto insurer in California and provider of auto insurance in 10 other states, has put together a list of the most affordable new EVs to help consumers save them money on insurance.

Mercury’s research and development team examined 2021 model year (MY) electric vehicles that are available at car dealerships today to compile this list[1].

“Electric vehicles are very attractive to consumers from styling to performance,” said Mercury Insurance Director of Product Management R&D Chong Gao. “EVs have very responsive torque and can be charged at home, at work, or while you’re out running errands. One factor that consumers will have to consider when purchasing an electric vehicle is the cost to insure it, and Mercury offers a discount on EVs in 10 of the eleven states we offer personal auto insurance.”

Here is the top-ten list of 2021 electric vehicles, beginning with the most affordable make and model to insure.

  • Hyundai Santa Fe
  • Kia Soul EV
  • Nissan Leaf
  • Hyundai Ioniq
  • BMW i3
  • Volkswagen ID.4
  • Chevrolet Bolt EV
  • Honda Clarity
  • Volvo XC40 Recharge
  • Ford Mustang Mach-E

Visit www.mercuryinsurance.com to see more of Mercury’s most affordable vehicle lists.

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 or Facebook and follow the company on Twitter.

###

 

[1] Mercury Insurance developed the list based on full coverage premium (BI, PD, COMP, COLL, MP, UMBI and UMPD) for a hypothetical California driver with average factors for each rating element. 

For further information: PCG – Kyle Reuter (424) 903-3657 (kreuter@pacificcommunicationsgroup.com)

A company you can trust

Forbes 2019 America's Best Mid-Size Employers
Insure.com's Top Five Best Auto Insurance Company 2020