"Green" cars offer lower insurance premiums?

Automobile insurance has changed dramatically in recent years. Since the launch of the Toyota Prius in Japan during the 1990s, hybrids worldwide sales have been increasing year after year. Once the model of a combination of an electric motor with an engine fuelled with gas traditional won the confidence of consumers, sales increased. For some, the impetus for the purchase of a hybrid - at least in the early years - was win tax credits. However, another percentage of people who were attracted to the environmental benefits of driving a hybrid vehicle. Others were simply interested in saving money through lower fuel use.

Initially, car insurance rates were lower for drivers of hybrid cars than for gas powered cars. Among the first to give discounts to owning a hybrid car was farmers and travelers insurance insurance. These members felt they assume a lower probability of future demand. Below we show you why believes a hybrid vehicle to save more money on auto insurance policies. Also miss a look at how the thought process is change time of hybrid cars and recent technologies are adding another side to the coin.

How are green vehicles seen by insurance companies

As mentioned above, for a very long time, most likely not be involved in accidents many auto insurance companies have looked to the owners of cars, as safe drivers and as a result. Be thought that make smarter decisions while driving. Since that were less risky, the insurance companies gave them lower.

It should be mentioned that some insurance companies felt differently. Farmers and travelers insurance offers discounts, but many other companies refused to give any discounts for hybrids. Some increased them. They stated that the lack of data on new technology, combined with higher costs of replacement for the various components that pose a higher risk. This emphasizes the consumer right should always compare quotes from multiple insurance companies. This is clearly a visible difference in insurance companies how to interpret their levels of safety for customers and thus, the rates offered to them.

Another important factor is the owner of a typical hybrid profile has evolved over the years. This shows the other side of the story that will affect auto insurance rates in the coming years.

There are more than one side of this coin

In the fall of 2010, a report on trends in auto insurance was released by Mitchell international. Particular note were his comments on hybrid vehicles and their owners. This report revealed that hybrid cars had an average cost of 7% more than what normal cars.

However, when the report was issued, revealed that the profile of drivers are typical for the majority of the owners of hybrids. These drivers were either belonging to the stereotype of early adopters or the verde-amistoso. When reached driving decisions that had been made more secure options. Recently, however, this profile has become a market segment separate marketed primarily for fuel economy. Many of these new owners support long commutes. Due to more driving, it means that there is more likely that an accident occurs.

These factors: higher costs for each individual claim and further results of accidents at a premium for hybrid car drivers. There are more than one level to this decision which is beginning to appear.

Uncertainty in future shows the benefits of comparison shopping

A new round of electric cars is starting to appear recently. One of the best at the moment is the Nissan leaf, but there are several other competitors as the Chevrolet Volt. These cars are noteworthy because insurance premiums could have similar low for the early years, similar to the previous generation. It is likely to be acquired by the first users and drivers make better decisions on the road. Therefore, drivers with full electric vehicles could receive some discounts initial insurance. The point is that nothing is safe auto insurance rates for "green" car owners. Despite the fact that some insurance companies will be offering discounts, others may ask for a premium. It is wise to comparison shop. Compare quotes from multiple car insurance companies that enjoy rates possible lower for the coverage you need.

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