As the pace of the automotive industry’s electrification adjusts, consumer interest in electric vehicles remains strong. 

Mercury Insurance recently released its annual list of the most affordable EVs to insure, highlighting models that balance purchase price with long-term ownership costs.

The list, which includes 2025 and 2026 model-year vehicles, was developed using data from Mercury’s research and development team. Analysts examined claims data, vehicle repair costs, and safety performance to determine which EVs offer the best potential insurance savings.

“This year’s report is especially relevant as EV buyers face changing tax incentives and new models entering the market,” said Chong Gao, director of product management R&D at Mercury Insurance, in a news release. “These vehicles represent strong options for drivers looking to reduce total ownership costs.”

Top 10 Most Affordable EVs to Insure

Balancing Insurance and Ownership Costs

Mercury’s research notes that EV insurance costs are influenced by several key factors, including repair complexity and parts availability. Vehicles with proven safety ratings and lower repair costs generally result in lower premiums.

While EVs can carry higher upfront costs, lower fuel and maintenance expenses contribute to long-term savings. Choosing a model from the insurer’s list can further offset those expenses by reducing annual insurance premiums, Gao added.

“EVs remain a smart long-term investment for many drivers,” she said. “Selecting one that’s less expensive to insure can make ownership more practical and sustainable.”

About the Study

This marks the 10th consecutive year Mercury Insurance has published its annual affordability ranking. The company’s team reviewed vehicles available at dealerships nationwide, emphasizing those most relevant to consumers seeking budget-friendly electric options.