Mercury Insurance Shares Key Advice on Installing Home EV Chargers

The Growing Trend of Home EV Charging

LOS ANGELES, Sept. 11, 2025 — As electric vehicle (EV) adoption accelerates, more homeowners are considering installing Level 2 EV chargers to maximize convenience and reduce costs. Mercury Insurance (NYSE: MCY) reports a steady rise in the number of EV owners opting for home charging, citing both time savings and long-term affordability as key motivators.

According to J.D. Power, home charging is rated as the ultimate convenience for EV owners, with Level 2 mounted chargers offering the highest satisfaction. However, connectivity issues with Wi-Fi and charger apps remain a concern.What to Know Before Purchasing a Charger

The average cost of a home EV charger is estimated between $1,750–$2,500 (excluding installation). Mercury Insurance advises homeowners to carefully weigh the pros and cons before committing.

Pros of Home EV Chargers

• Convenience: Charge overnight and start each day with a full battery.

• Cost Savings: Cheaper than public charging, especially during off-peak hours.

• Property Value: Enhances home value and market appeal.

• Environmental Benefits: Easier integration with renewable energy, lowering carbon footprint.

• Flexibility: Smart chargers enable scheduling and monitoring via mobile apps.

Cons of Home EV Chargers

• High Upfront Costs: Equipment, installation, and electrical upgrades can be costly.

• Limited Accessibility: Not practical for apartments, condos, or shared parking spaces.

• Electrical Requirements: Older homes may need expensive wiring updates.

• Installation Challenges: Finding certified installers and navigating HOA or city restrictions can complicate the process.

Expert Guidance from Mercury

“Installing an EV charger in your home is a major decision,” said Steve Ward, Director of Strategic Planning and ERM at Mercury Insurance. “It is important to carefully consider all aspects of this purchase.”

Mercury also recommends informing your insurance agent once a charger is installed, so it can be properly added to your coverage.

About Mercury Insurance

Founded in 1962, Mercury Insurance (NYSE: MCY) is a leading multi-line insurance provider offering auto, homeowners, renters, and commercial insurance across the U.S. The company operates through a network of more than 6,340 independent agents in 11 states, supported by over 4,200 employees. Recognized for competitive rates and award-winning customer service, Mercury has earned an “A” rating from A.M. Best and been named among the Best Auto Insurance Companies by Forbes and Insure.com.