(BPT) - No matter which vehicle segment you're shopping in, not all vehicles are created equal in the eyes of insurance carriers. Some cost more to insure, while others cost less. Due to a variety of economic factors, namely inflation, the cost of car insurance has risen significantly over the last five years, putting record numbers of U.S. consumers into the market shopping for more affordable policies, according to J.D. Power.
Enter Mercury Insurance's series of most affordable vehicles to insure, which includes the top 10 most affordable vehicles to insure across popular vehicle segments including sedans, trucks and SUVs, and electric vehicles (EVs). Mercury's research and development team has compiled the lists by examining vehicles currently available at car dealerships.
"It's imperative that consumers research average car insurance costs for the vehicles they are considering, as this may help narrow the list. Mercury's most-affordable-vehicles-to-insure lists are a great place to start," said Chong Gao, Director of Product Management R&D for Mercury Insurance. "Luxury vehicles and EVs, for example, are generally not ideal choices for those looking to maximize insurance savings. However, there are some deals to be had, as our lists do include a few upscale vehicles."
Here are the top 10 most affordable vehicles to insure from popular vehicle segments, beginning with the most affordable make and model:
Sedans
- Volkswagen Golf R
- Acura Integra
- Mazda 3
- Kia K4
- Nissan Versa
- Volvo S90
- Hyundai Venue*
- MINI Cooper
- Kia K5
- Nissan Kicks*
*While these vehicles are considered small crossovers, they are included in the sedan category for this list.
Trucks
- Chevrolet Colorado LT
- Chevrolet Silverado C3500
- Ford Maverick/Ford Ranger
- Hyundai Santa Cruz SE
- Toyota Tundra CrewMax
- Ford F150
- Toyota Tacoma
- Ford F350 Super Duty
- Dodge 1500/RAM Truck 1500
- GMC Canyon
SUVs
- Hyundai Sante Fe
- Honda Pilot
- Chevrolet Blazer
- Kia Sportage
- Honda Passport
- Ford Escape
- Kia Soul
- Honda HR-V
- Honda CR-V
- Kia Sorento
EVs
- Chevrolet Blazer EV
- Chevrolet Equinox EV
- Nissan Leaf
- Kia Niro EV
- Ford F-150 Lightning
- Hyundai Kona EV
- MINI Cooper SE
- Hyundai IONIQ EV (all models)
- Fiat 500e
- Subaru Solterra/Toyota BZ4X
"In today's high-cost environment, being a savvy shopper means looking at the total cost of ownership," said Gao. "Choosing a vehicle that's more affordable to insure could save you hundreds of dollars annually, and that's exactly what our most-affordable-to-insure series is designed to help consumers do."
To learn more about saving on car insurance costs, visit Mercury's blog.
