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The 10 most affordable electric vehicles to insure

The list is based on the Mercury Insurance price for full coverage in California.

Electric vehicles have come a long way in the past four years, as the market has seen a strong growth in sales and the number of makes and models available to consumers.

Insurance cost


Mercury Insurance put together a list
 of the 10 most affordable electric vehicles to insure.

Mercury’s research and development team examined the 2017 electric vehicles available at car dealerships today or in the near future to compile a list of the most affordable vehicles to insure. The list was created based on the Mercury price for full coverage — liability, comprehensive and collision — in California.

Consumer interest increasing

“Consumer interest and intent to buy electric vehicles has increased substantially,” said Chong Gao, senior product manager, R&D for Mercury Insurance. “We put together this list to help inform your decision, because many people don’t consider what it will cost to insure a vehicle before they buy it.”

Related: Volvo to pull plug on gasoline engines

Mercury Insurance developed the list using a 30-year-old male with a clean driving record, who lives in Newport Beach, California, and travels 13,000 miles per year. The full coverage with a $500 deductible includes liability limits of $100,000 in injuries per person, $300,000 per accident, and $50,000 in property damage.

Here are the 10 most affordable 2017 all-electric vehicles to insure:

Tesla Model 3

(Photo: tesla.com video screenshot)

10. Tesla Model 3

Tesla has characterized the Model 3 as its inroad to

mass-market drivers — the base model, before options or incentives, at $35,000, will be roughly half the price of the company’s cheapest Model S, according to Bloomberg.

Related: Choosing a plug-in electric car

A blue and black 2017 BMW i3

(Photo: bmwblog.com)

8. BMW i3 (tie)


The new BMW i3 received the inaugural 2017 World Urban Car award at the New York International Auto Show, in April.

Related: Best eco-friendly cars for Earth Day 2017

A white 2017 Hyundai Ioniq electric vehicle

The 2017 Hyundai Ioniq electric vehicle is shown at the New York International Auto Show, Wednesday, March 23, 2016. (AP Photo/Mark Lennihan)

8. Hyundai IONIQ Electric (tie)

The Ioniq Electric is EPA-rated at 124 miles of range from the 28-kwh battery pack that powers an 88-kilowatt (118-horsepower) electric motor.

Related: The best cars for senior drivers in 2017

Red 2017 Ford Focus electric car

(Photo: ford.com)

7. Ford Focus Electric

The Ford Focus Electric is now in its sixth model year, although it’s still sold in limited numbers and only in certain regions of the U.S. This 5-door hatchback is currently the only full battery-electric vehicle (EV) sold by Ford, as noted by CarGurus.

Related: 10 things you don’t know about electric vehicles

white 2017 Mitsubishi i-Miev

(Photo: mitsubishi-motors.com)

6. Mitsubishi i-MiEV

With a base price of less than $24,000, the i-MiEV is the least expensive electric car available in the U.S., according to Kelley Blue Book.

Related: 5 reasons why auto accidents are on the rise

2017 white & green Smart ForTwo Electric Drive car

(Photo: smartusa.com)

5. Smart ForTwo Electric Drive

The 2017 Smart Fortwo Electric Drive Cabriolet is actually the only convertible EV on the market.

The ForTwo battery is 17.6 kWh, and range is up from 68 miles to between 70 and 80. It now has a faster on-board charger, so it takes only about 3 hours to bring the battery from empty to full — twice as fast as it was before, notes CNET.

Related: Shocked! The dangers of electric vehicle charging stations

A white 2017 Volkswagen e-Golf electric car

The 2017 Volkswagen e-Golf is shown during the Los Angeles Auto Show in Los Angeles, Thursday, Nov. 17, 2016. (AP Photo/Chris Carlson)

4. Volkswagen e-Golf

Now in its third year, the 2017 Volkswagen e-Golf is the first and so far only all-electric VW offered in the U.S. and Canada. The 2017 e-Golf’s range is substantially improved over previous versions. This year, VW says the e-Golf will travel up top 124 miles on a charge, according to The Car Connection.

The VW e-Golf has launched only in 10 Northeast and West Coast states, although the company says it will expand distribution in future.

Related: 20 best cars for the money in 2017

2017 Nissan Leaf electric car

(Photo: nissanusa.com)

3. Nissan Leaf

The Leaf arrives into the 2017 model year all but unchanged as Nissan prepares a redesigned second-generation model for launch at some future date, according to Green Car Reports.

With the 30-kWh pack, the Leaf gets an EPA-rated 107 miles of range. A full charge from a 240-volt Level 2 AC sources takes around 7 hours with the 3.6-kW charger, and around 6 hours with the 6.6-kW charger, according to Nissan.

Related: 20 best car insurance companies of 2016 ranked by consumers

2017 Kia Soul EV electric car

(Photo: kia.com)

2. Kia Soul EV

The 2017 Kia Soul EV offers more space for people and cargo than many other small battery-electric cars, but you can only buy it in limited regions.

The range for a fully charged Soul EV is 93 miles.

Related: 10 states with the worst drivers

2017 Fiat 500e electric car

(Photo: fiatusa.com)

1. Fiat 500e

The 500e is unchanged for 2017. The 500e is powered by an 83kW electric motor with a single-speed transmission that provides a range of 87 miles, according to Autoblog.

Original Article

7 monthly bills affected by your credit rating

Brian Acton, Credit.com Published 4:02 p.m. ET June 1, 2017 | Updated 4:02 p.m. ET June 1, 2017

You probably know your monthly bills can impact your credit, as late payments or accounts in collections can land on your credit report and bring down your credit score. But are you aware your credit score can affect the payment amount on a number of your monthly bills?

Here are seven monthly bills with payments your credit score can determine.

1. Rent payments

When you apply for a lease, your landlord might request a background check that includes your credit report. They can’t run a background check without your permission, although refusing may prevent you from moving forward with the lease.

According to the Federal Trade Commission (FTC), the landlord can take adverse action if they find red flags in your credit report. This action could include denying your rental application or raising your rent higher than they would charge another applicant. The good news is they are legally required to give you written notice if they take adverse action, provide you the report they used (if you request it within 60 days) and give you the chance to dispute the information.

2. Credit cards

Consumers with good credit tend to qualify for much lower credit card interest rates than those with poor credit. Interest is applied to your credit card balance each month unless you pay it off in full within the monthly grace period. (You can go here to learn more about how credit card interest is calculated.) If you tend to carry a balance month to month, your poor credit could be costing you extra in interest.

3. Mortgages

Your mortgage payment is also directly affected by your credit. Mortgage lenders consider you a riskier borrower if you have a lower credit score. To hedge against that risk, they will charge you a higher interest rate.

4. Auto loans

Credit scores impact the interest rate lenders offer when you apply for an auto loan. While interest rates vary between lenders, having excellent credit generally results in lower interest and a lower monthly payment. Those 0% financing offers you see on car commercials usually require excellent credit.

Your credit score doesn’t generally affect federal loan payments, but if you plan on financing your education through private loans, lenders can use your credit score to determine your interest rate and fees. The worse your credit, the more interest you’ll pay on the loan.

6. Auto insurance

According to The Zebra’s State of Auto Insurance Report, there’s a correlation between credit and car insurance rates. On a national level, drivers with poor credit can pay more than twice as much as those with excellent credit for insurance. Some states have banned insurance providers from using credit scores to determine rates, but it’s a common practice in the states that allow it.

7. Homeowners insurance

Insurance companies use credit-based insurance scores to determine what you’ll pay for homeowners insurance. These scores are industry-specific and aren’t exactly the same as your credit score, but they use the information in your credit report to determine your score. The same negative marks that bring down your credit score can impact your insurance score, and affect your payment.

Given your credit’s affect on nearly every bill in your mailbox (among other things, of course), it’s important to regularly monitor your credit for errors (you can go here to learn how to dispute those), identity theft or legitimate negative items that are affecting your score. You can pull your credit reports for free each year at AnnualCreditReport.com and view your free credit report snapshot every month on Credit.com. You can generally improve your bad credit by paying down high credit card balances, shoring up accounts in delinquency and limiting new credit inquiries while your credit score rebounds.

More from Credit.com

This article originally appeared on Credit.com.

Brian Acton is a freelance writer and contributor at Credit.com. Several years ago, as he worked to pay down debt and purchase a home, Brian became interested in personal finance and credit. He has been covering these topics ever since. Brian has a BA in History from Salisbury University and an MBA from UMUC. He lives in Maryland with his wife and two dogs. More by Brian Acton

 Original Article

Danica Patrick’s Message

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Seriously Good Car Insurance

Seriously Good Car Insurance

For Seriously Good Car Insurance visit: Scott Lynch Agency or call (317) 420-2867

Insurance Terms Made Easy: Subrogation

Watch this video to learn about Subrogation. For more information about insurance visit our website Scott Lynch Agency

Insurance Terms Made Easy: Subrogation

Insurance Terms Made Easy Subrogation