Consumers shopping for electric and hybrid vehicles have more choices than ever before. Mercury Insurance has released its annual ranking of the 10 most affordable new 2026 model year electric and hybrid vehicles to insure, helping buyers better understand one of the ongoing costs of vehicle ownership.

“Electric vehicles have become increasingly mainstream,” Chong Gao, Director of R&D for Mercury Insurance, commented, “Understanding insurance costs before making a purchase can help drivers choose the vehicle that best fits both their transportation needs and their budget.”

This year’s rankings reflect today’s evolving automotive market, where many consumers are choosing hybrids as a practical step toward vehicle electrification while fully electric models continue to grow in popularity. Insurance costs for electrified vehicles are influenced by many of the same factors as conventional vehicles, including repair costs, replacement parts, safety technology and historical claims.

“Insurance should be considered alongside charging capability, driving range and fuel savings when evaluating an electrified vehicle,” Gao commented.

Mercury Insurance’s Research & Development team analyzed insurance costs for new 2025-2027 model year hybrids and EVs. Rankings are based on Mercury’s internal insurance analysis. Individual premiums vary based on driver profile, location, coverage selections and other underwriting factors. To view past press releases about affordability, visit the Mercury Insurance Resource Center.