GRA
Posts: 10352
Joined: Mon Sep 19, 2011 1:49 pm
Location: East side of San Francisco Bay

GCC: Mercury Insurance names 10 most affordable EVs to insure

Wed Jun 12, 2019 4:55 pm

https://www.greencarcongress.com/2019/06/201900612-mercury.html

. . . The top-10 list for 2019 all-electric vehicles, beginning with the most affordable make and model to insure:

1. Fiat 500e

2. Kia Soul EV

3. Nissan Leaf

4. Volkswagen e-Golf

5. smart EQ fortwo pure coupe

6. Hyundai Kona Electric SEL

7. Ford Focus Electric

8. Hyundai IONIQ Electric

9. BMW i3

10. Chevrolet Bolt EV
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

jjeff
Posts: 1859
Joined: Wed Jan 13, 2016 9:10 am
Delivery Date: 13 Jul 2014
Leaf Number: 422121
Location: MSP MN

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Thu Jun 13, 2019 2:26 pm

No Teslas on the list? I'm guessing this means Teslas are not affordable to insure??
2012 SL purchased used 2/'16
2013 S w/QC purchased new
Juicebox Premium 60a L1/L2 EVSE, Ebusbar 16a L1/L2 EVSE
'12 EVSEupgrade'd 20a L1/L2 EVSE, '13 EVSEupgrade'd adjustable 6-20a L2, 6-13a L1 EVSE
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RonDawg
Posts: 3033
Joined: Sat Jan 12, 2013 3:46 am
Delivery Date: 11 Jan 2013
Leaf Number: 027089
Location: SoCal

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Thu Jun 13, 2019 4:32 pm

I'm surprised the i3 appears on that top 10 list. The car's carbon fiber construction can't be cheap to repair.
Blue Ocean 2012 Leaf SV, lost that 1st bar at 34 months/26,435 miles. Lease returned 2 months later. Final LeafStat figures: 225 Gids, 17.44 kWH, SOC 91.89%, SOH 82.36%, 69.49% HX, 54.57 Ahr, battery temp 61.8 F.
Now driving a 2015 VW eGolf SEL.

SageBrush
Posts: 4093
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Thu Jun 13, 2019 9:04 pm

jjeff wrote:No Teslas on the list? I'm guessing this means Teslas are not affordable to insure??


Guess again.

I pay $42 a month for our Tesla. The uninsured motorist rider that covers all our cars is extra but not Tesla specific.
Liability cost is 21% less expensive for our Tesla than the LEAF. I do not carry comp or collision on the LEAF so no comparison available for those coverages.
2013 LEAF 'S' Model with QC & rear-view camera
Bought off-lease Jan 2017 from N. California
Car is now enjoying an easy life in Colorado
03/2018: 58 Ahr, 28k miles
11/2018: 56.16 Ahr, 30k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

LeftieBiker
Moderator
Posts: 12016
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Thu Jun 13, 2019 9:43 pm

RonDawg wrote:I'm surprised the i3 appears on that top 10 list. The car's carbon fiber construction can't be cheap to repair.


So far they seem to be dropping dead much more often than getting crashed. ;)
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

iPlug
Posts: 279
Joined: Thu Apr 28, 2016 6:47 pm
Delivery Date: 25 Apr 2016
Location: Rocklin, CA

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Fri Jun 14, 2019 4:25 pm

Part of the problem may be Mercury.

We switched our auto insurance from USAA to Mercury a couple years ago as Mercury had the best auto insurance rates for us at the time. We got the Model 3 SR+ about 2.5 months ago, but Mercury premium was no bueno. My insurance agent noted Mercury charges above rates for Teslas and forces a high ($1000) deductible apparently because they feel they don't have enough information to price them.

I just changed our auto insurance polices back to USAA today. USAA is substantially less for us and offers much better coverage:


For our Model 3 SR+:

Zip Code 95677
6 month premium
No accidents

Mercury:
Premium: $629
Bodily Injury Liability: $100k/$300k
Property Damage Liability: $50k
Uninsured Motorist Bodily Injury Liability: $100k/$300k
Uninsured Motorist Property Damage Liability: "maximum"
Comprehensive: $1,000
Collision: $1,000
Roadside Assistance: $500

USAA:
Premium: $513*
Bodily Injury Liability: $300k/$500k
Property Damage Liability: $100k
Uninsured Motorist Bodily Injury Liability: $300k/$500k
Uninsured Motorist Property Damage Liability: $3,500 per accident then $500 deductible after
Comprehensive: $250
Collision: $500
Roadside Assistance: towing and labor

A week ago we returned our leased 2016 Leaf SV and picked up a new 2019 Leaf SV on lease, same coverage as our Model 3 SR+, and the Leaf premium is a bit more expensive at $550*.


*both 6 month premium prices reflect in part the combined policy with homeowners insurance and umbrella policy, but most of price difference between Mercury and USAA was changing carrier, excluding the multi-policy discount
'19 Model 3 SR+ (own), '19 Leaf SV (leased), '12 Plug-in Prius (sold 3/19), '16 Leaf SV (prior lease), 11.43kW Solar PV (16MWh/yr real production), 20.5 SEER/13.0 HSPF ducted air-source heat pump, 3.70 UEF heat pump water heater, Induction Cooktop

GerryAZ
Gold Member
Posts: 2135
Joined: Mon Nov 22, 2010 6:47 pm
Delivery Date: 12 Jun 2011
Location: Phoenix, AZ

Re: GCC: Mercury Insurance names 10 most affordable EVs to insure

Fri Jun 14, 2019 8:10 pm

Interesting that only 3 of the 10 2019 EVs listed in this thread are realistically available in Arizona (Leaf, Bolt, and i3). Quotes from another insurance company would likely change the ranking and include vehicles not listed here such as Tesla. Quotes for Arizona would show the five least expensive EVs to insure as BMW, Bolt, Jaguar, Leaf, and Tesla (listed in alphabetical order) since others are not available to purchase new.
Gerry
Silver LEAF 2011 SL rear ended (totaled) by in-attentive driver 1/4/2015 at 50,422 miles
Silver LEAF 2015 SL purchased 2/7/2015

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