Auto insurance discounts are usually given to owners of cars with safety features. So, a lot of the time, the make and model of the car is dependent on how much it will cost to insure. This isn’t the case when it comes to a hybrid car you own. Instead of the car getting the discount, it’s because of you as the owner.
It’s debatable whether hybrids are still worth it. Many experts and analysts believe that they are not worth the money (particularly because of rising gasoline prices). However, most people think they’re still worthwhile. Hybrid drivers have a plethora of alternatives in today’s auto industry than they had even ten years ago. That said, there is more. Furthermore, research shows that hybrid drivers are less likely to be involved in an accident than gasoline-powered vehicle drivers since they drive less.
Hybrid drivers are also regarded as more cautious and thoughtful in their decision-making and driving habits. Although there’s nothing distinctive about an alternative fuel automobile that makes it any safer or more dangerous than traditional gasoline automobiles, insurers place owners of these types of cars in a preferred category that can save them up to 10% on their rates. Many insurance companies categorize hybrid owners as having a decreased risk of being in an accident or submitting an insurance claim, which lowers their premiums.
Some of these firms, according to reports, are offering the discount without much concern for drivers' complete driving history, even though studies have shown that hybrid drivers receive nearly 66% more traffic tickets as a whole. Many insurers provide them, which is why you should take advantage of yourself if you own or intend to buy a hybrid.
There are those who do not believe in the technology or its higher cost. Whether you like it or not, one thing is certain: real facts are based on verified test findings. Alternative energy cars such as plug-in electric and hydrogen fuel cell vehicles are also eligible for similar auto insurance discounts.
Consider the advantages and disadvantages of both before deciding whether to buy a hybrid or a plug-in electric. However, if you’ve done your homework on the vehicle you want and are committed to driving it, be sure to inquire about any discounts that may apply to you.
If you’re not insured with Insurance Navy, there’s a good chance you are paying way too much for auto insurance. Contact us today for a cheap car insurance quote and see how much you could be saving by switching. Quotes are available at no charge to you online, or call us at 888-949-6289. We also offer in-person assistance at one of our convenient locations.