Three Hyundai Motor Group Products Make
This Year's List
LOS
ANGELES, Aug. 5, 2024 /PRNewswire/ -- Due to the
growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY)
has compiled a list of the most affordable new EVs to insure, which
will arm consumers with valuable knowledge when they go to shop for
an EV.
Factors contributing to insurance costs include claims on
similar vehicles, cost to repair and vehicle safety records.
Mercury's research and development team examined 2024 model-year
EVs that are available at dealerships today to compile this
list.1
"One of the most important aspects when researching your ideal
EV is to consider the total cost of ownership, in which insurance
plays an important part," said Chong
Gao, Director of Product Management R&D for Mercury
Insurance. "We realize that for many customers this may be their
first time considering an EV and it helps to have as much
information as possible."
The top 10 list for new EVs, beginning with the most affordable
make and model to insure is:
- Nissan Leaf
- Ford F-150 Lighting
- Kia Niro
- Hyundai IONIQ (all models)
- Volvo C40/XC40 Recharge
- Chevrolet Equinox EV
- Fiat 500e
- Subaru Solterra/Toyota BZ4X/Fisker Ocean Sport
- Volkswagen ID.4
- Genesis G80
Headquartered in Los Angeles,
Mercury Insurance provides auto, homeowners and business insurance
through more than 4,700 employees and a network of more than 8,000
independent agents in 11 states.
About Mercury Insurance
Mercury Insurance (NYSE: MCY)
is a multiple-line insurance carrier predominantly offering
personal auto, homeowners, renters and commercial insurance through
a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New
Jersey, New York,
Oklahoma, Texas and Virginia, as well as auto insurance in
Florida. Mercury writes other
lines of insurance in various states, including commercial,
business owners and business auto, landlord, home-sharing,
ride-hailing and mechanical protection insurance.
Since 1962, Mercury has provided customers with tremendous value
for their insurance dollar by pairing ultra competitive rates with
excellent customer service. Mercury has earned "A" ratings from
A.M. Best and Fitch, as well as "Best Auto Insurance Company"
designations from Forbes and Insure.com. For more information visit
www.MercuryInsurance.com or follow the company on Twitter or
Facebook.
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1 Mercury
Insurance developed the list based on full coverage premium (BI,
PD, COMP, COLL, MP, UMBI
and UMPD) for a hypothetical driver with average factors for
each rating element.
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SOURCE Mercury Insurance