Auto Insurance for Hybrid Vehicles
Hybrid vehicles are becoming more popular; particularly the high gas prices of today. Hybrids are much more environmentally friendly than standard vehicles, and they are far more fuel-efficient. You can save quite a bit on annual fuel expenses when you drive a hybrid vehicle. You can also save money on your auto insurance.
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Car Insurance Coverage Options for Hybrid Vehicles
Auto coverage available on hybrid vehicles is the same as for other cars and trucks. You can select the following types of coverage:
- Liability
- Collision
- Comprehensive
- Bodily injury
- Property damage
- Medical payments
- Uninsured or underinsured motorist coverage
The only difference is the savings you'll enjoy when the insurance company gives you a discounted rate for driving a hybrid. Both Travelers Insurance (travelers.com) and Farmers Insurance (farmers.com) hybrid drivers receive a 10% discount.
Discounted Auto Insurance Premiums for Hybrid Car Owners
More and more auto insurance companies are offering discounted premiums to drivers of hybrid vehicles. The federal government even offers tax incentives when you purchase a new hybrid vehicle, and some states permit hybrid drivers to use the carpool lanes even when driving solo. There are a lot of good reasons to buy a hybrid vehicle. The most popular hybrid models on the road today include:
- Toyota Prius, which is the best selling hybrid worldwide
- Honda Civic Hybrid
- Toyota Highlander Hybrid
- Ford Escape Hybrid
- Honda Insight
- Lexus RX 400h
- Honda Accord Hybrid
- Toyota Camry Hybrid
- Mercury Mariner Hybrid
- Chevy Silverado Hybrid Pickup
Another reason insurance companies are beginning to offer hybrid drivers discounted insurance rates is because these drivers typically fall into the “preferred insured” group anyway. In addition, sales of hybrid vehicles are continuing to grow and insurance companies want to be ready to serve this growing consumer market.
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*Auto Insurance Options is a free information resource that provides content on auto insurance products and policies for informational purposes only, but is not an agency or insurer. Products and policies may not be available in all states.
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