Mercury Insurance Identifies 2025-26 Electric Vehicles with Lowest Insurance Costs

Mercury Insurance has released its annual list of the most affordable electric vehicles (EVs) to insure, focusing on 2025 and 2026 model-year vehicles available at U.S. dealerships. The list ranks EVs based on factors influencing insurance costs such as historical claims data, repair expenses, and vehicle safety records. The top models include Chevrolet Blazer EV, Chevrolet Equinox EV, Nissan Leaf, and Hyundai Kona EV, among others. This marks the 10th year Mercury has published this study, aimed at aiding budget-conscious consumers in selecting EVs that balance purchase price with insurance affordability.

Despite a slowdown in the broader automotive industry's electrification pace, EV adoption remains a strategic market trend with federal incentives like EV tax credits phasing out soon. Mercury's research highlights that while EVs often have higher upfront costs, insurance premiums for certain models can be comparatively lower, potentially reducing total cost of ownership for buyers.

Key insights underline the continued importance of insurance considerations in consumer choice as the EV market evolves. As insurers accumulate more claims experience on EVs, premium pricing is becoming more data-driven and reflective of model-specific factors such as repairability and safety technology. The study supports insurers, regulators, and market analysts interested in EV risk and pricing trends.

Mercury’s list serves as a resource emphasizing insurance cost savings in the EV selection process for consumers primarily in California, though the findings have broader relevance in states with similar insurance and regulatory environments. Understanding these insurance cost dynamics is critical for stakeholders tracking EV adoption impacts on automotive insurance markets and underwriting practices.