Mercury Insurance Names the Most Affordable New Electric Vehicles to Insure
2021 Hyundai Santa Fe EV tops the list.

2021 Hyundai Santa Fe EV tops the list.
LOS ANGELES, Calif. – 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.
More F&I

How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →