Revealed – most affordable new trucks and SUVs to insure
Revealed – most affordable new trucks and SUVs to insure | Insurance Business America
Motor & Fleet
Revealed – most affordable new trucks and SUVs to insure
Insurer notes the new models fit various lifestyles
Motor & Fleet
By
Jonalyn Cueto
As the consumer preference for larger vehicles continues to rise, Mercury Insurance has identified the most affordable new trucks and SUVs to insure for 2024.
The research comes amid record sales in the SUV segment, accounting for 48% of global vehicle sales last year. Experts predict that, by 2025, the light truck segment, including SUVs, will comprise 78% of sales.
“The appeal of trucks and SUVs is that they can handle weekday work commutes as well as weekend excursions,” said Chong Gao, Mercury Insurance’s director of product management R&D. “New models have fantastic fuel economy and come in a variety of sizes to fit various lifestyles. Mercury Insurance wants to educate consumers about which truck or SUV might be the best fit for them and their families.”
Top 10 most affordable new trucks to insure (2024 models)
Chevrolet Colorado
Chevrolet Silverado
Ford Maverick/Ford Ranger (tie)
Hyundai Santa Cruz
Toyota Tundra Crewmax
Ford F350 Super Duty
Ford F150
Toyota Tacoma
Ford F250 Super Duty
Dodge Ram 1500
Chevrolet leads the pack with the Colorado and Silverado taking the top two spots. Ford dominates the list with five models in the top 10.
Top 10 most affordable new SUVs to insure (2024 models)
Fiat 500X
Hyundai Santa Fe
Honda Passport
Honda Pilot
Chevrolet Blazer
Kia Sportage
Honda CR-V
Ford Escape
Honda HR-V
Kia Soul
Fiat’s 500X is the most budget-friendly SUV to insure, while Honda secures four spots in the top 10, highlighting its presence in the market.
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