Kia Soul EV tops the
list for the second consecutive year
LOS
ANGELES, July 31, 2023 /PRNewswire/ -- The number
of electric vehicles (EVs) available on the marketplace continues
to grow and the cost of insuring an EV is a burgeoning factor for
consumers. According to industry reports, the number of currently
available and soon-to-launch EV models is increasing from 27 as of
January '21 to 53 early this year. 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 2023 model year
electric vehicles available at car dealerships today to compile the
list1.
"EVs are growing on consumers and many are considering one as
their next vehicle," said Mercury Insurance Director of Product
Management R&D Chong Gao. "One
of the most important aspects of ownership that needs to be
considered is the cost of insuring an EV. This cost can make up a
significant portion of owning one and Mercury provides an EV
discount in most of the states it operates in."
Mercury is proud to offer a discount on EVs in 10 of the 11
states it offers personal auto insurance.
The list of 2023 electric vehicles, beginning with the most
affordable make and model to insure is:
- Kia Soul EV
- Nissan Leaf
- Ford F-150 Lightning
- Hyundai IONIQ
- Volvo C40 Recharge
- Volvo XC40 Recharge
- Mazda MX-30
- Chevrolet Bolt EV
- Volkswagen ID.4
- (a tie at 10th) Audi Q4 E-Tron, Ford Mustang Mach-E,
Kia EV6, Mercedes EQB and Polestar 2
About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance
carrier predominantly offering personal auto, homeowners and
renters 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 ultracompetitive 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.
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.
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SOURCE Mercury General Corporation