The Price is Right: Insurance Edition
When it comes to insuring electric vehicles (EVs), it can feel like you’re playing a high stakes game of roulette. According to a recent study by Insurify, the Chevy Equinox and Blazer are not just good-looking SUVs; they’re also the most affordable electric vehicles to insure! Who knew that being eco-friendly could save you some green?
Why Do Some EVs Break the Bank?
Before we pat Chevy on the back, let’s bust a common myth: electric vehicles can actually hit your wallet harder than traditional gas guzzlers. Insurance rates for EVs average around $4,058 — a whopping 49% more than insuring our old friend, the gas-powered car. The infamous Tesla Model X leads the charge with its luxury pricing, thanks to its cute little falcon-wing doors that cost a pretty penny when it’s time for repairs.
Top 10 most affordable EVs to insure (Source: Mercury Insurance)
| Rank | Electric Vehicle |
| 1 | Chevy Blazer EV |
| 2 | Chevy Equinox EV |
| 3 | Nissan Leaf |
| 4 | Kia Niro EV |
| 5 | Ford F-150 Lightning |
| 6 | Hyundai Kona EV |
| 7 | Mini Cooper SE |
| 8 | Hyundai IONIQ 5, IONIQ 6, IONIQ 9 (all EV models) |
| 9 | Fiat 500e |
| 10 | Subaru Solterra/ Toyota bZ4X |
Chevy Leads the Pack, But Hyundai’s Everywhere!
Mercury Insurance recently dropped its top ten cheapest EVs to insure, and in addition to the Equinox and Blazer, we’ve got the Nissan Leaf, Kia Niro EV, and yes, even Ford’s F-150 Lightning making the cut! Hyundai flexed its muscles too, grabbing multiple spots with its ioniq models and Kona Electric. So, if you’re looking to make a switch, you’ve got options that won’t break the bank — either at the fueling station or the insurance office.
