Mercury Insurance put together a list of the ten least expensive electric vehicles to insure, which doesn’t seem that momentous, but it is. Keep in mind that in 2011, there were four EVs on the market. Four. Total. The fact that in 2017, anyone can put together a top ten list of EVs and not include every model out there is a big step for the EV market.
The number one slot belongs to the Fiat 500e, which has been around for a few years; number ten is the Tesla Model 3, despite the fact that only a few have been delivered to Tesla employees. But fear not! Elon Musk really, really promises that Model 3 will ramp up quickly. For sure. Don’t worry.
Here are the top ten least expensive EVs to insure in the state of California, according to Mercury:
- Fiat 500e
- Kia Soul EV
- Nissan Leaf
- Volkswagen eGolf
- Smart ForTwo Electric Drive
- Mitsubishi i-MiEV
- Ford Focus Electric
- Hyundai Ioniq Electric
- BMW i3
- Tesla Model 3
Now, about this list. It’s not perfect. The Fiat 500e is not widely available, but this list is based on a hypothetical 30-year-old man with a clean driving record in California, so he could find a 500e if he wanted. The Nissan Leaf, at number three, is the first on the list to be widely available across the nation. The Mitsubishi i-MiEV is old news and seems quaint in the way the Jetsons’ flying cars were futuristic and retro at the same time. (I’ll admit I was surprised to learn the i-MiEV is still available in 2017, but it is. It even has standard DC fast charging capabilities.)
But it is encouraging to see brand-new models on the list, like the Ioniq and the Model 3. Affordability across the board has to come down, from battery technology to insurance, if normal humans are going to adopt EVs for their everyday lives.