Two Hyundai products top this year's
list
LOS
ANGELES, July 12, 2024 /PRNewswire/
-- Specific sedan models are once again some of the most
affordable vehicles to purchase and own, according to Mercury
Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has
compiled a list of the most affordable new sedans to insure. This
list was created with the goal of helping budget-conscious
consumers find a vehicle that will save them money on
insurance.
Factors contributing to insurance costs include claims on
similar vehicles, costs to repair and vehicle safety records.
Mercury's research and development team examined 2024 model year
(MY) sedans that are available at car dealerships today to compile
this list1.
"One of the most important aspects when researching
your ideal vehicle is to consider the total cost of ownership, in
which insurance plays an important part," said Chong Gao, Director of Product Management
R&D for Mercury Insurance. "Plenty of vehicles are known
to have lower repair costs, which means they could also cost less
to insure. Mercury has put together this list to help savvy
consumers know where the best savings can be found."
The top 10 list for new sedans, beginning with the most
affordable make and model to insure is:
- Chevrolet Spark
- VW Golf
- Hyundai Accent
- Toyota Prius Prime
- Mitsubishi Mirage
- Volvo S90
- Mazda 3
- Nissan Versa
- Hyundai Venue
- Kia K5
Headquartered in Los Angeles, Mercury Insurance provides auto,
homeowners and business insurance through more than 4,700 employees
and a network of more than 8,000 independent agents in 11
states.
About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance
carrier predominantly offering personal auto, homeowners, renters
and commercial insurance through a network of independent agents in
Arizona, California, Georgia, Illinois, Nevada, New
Jersey, New York,
Oklahoma, Texas and Virginia, as well as auto insurance in
Florida. Mercury writes other
lines of insurance in various states, including commercial,
business owners and business auto, landlord, home-sharing,
ride-hailing and mechanical protection insurance.
Since 1962, Mercury has provided customers with tremendous value
for their insurance dollar by pairing ultracompetitive rates with
excellent customer service. Mercury has earned "A" ratings from
A.M. Best and Fitch, as well as "Best Auto Insurance Company"
designations from Forbes and Insure.com. For more information visit
www.MercuryInsurance.com or follow the company on Twitter or
Facebook.
1 Mercury Insurance developed the list based on full
coverage premium (BI, PD, COMP, COLL, MP, UMBI and UMPD) for a
hypothetical driver with average factors for each rating
element.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mercury-insurance-names-the-most-affordable-new-sedans-to-insure-302195964.html
SOURCE Mercury Insurance