BUSINESS MATTERS
These Vehicles Will Help
Keep Car Insurance
Costs Down
Article by Chong Gao, Director of Product Management R&D for Mercury Insurance Website
(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