Hybrid Car Insurance Discounts
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April 22, 2009
| By:
Gina
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)Happy Earth Day! Today we are reminded to do our part to keep this planet healthy. Some people are trying to save the environment by swapping gas-guzzling cars for a hybrid car. A hybrid car uses an electric motor along with a conventional gas engine. The electric motor takes over when less horsepower is needed, resulting in less fuel usage, making the vehicle more efficient.
Not only do fuel-efficient hybrid cars save money at the gas pump, hybrid car owners could also save money on car insurance!
Hybrid Car Owners Can Earn Lower Car Insurance Rates
If you are one of the millions of people who own a hybrid or alternative fuel vehicle, or you are thinking of buying a hybrid car, car insurance savings could be yours. Since hybrid owners tend to be more environmentally conscious they drive fewer miles, and research has shown they are safer drivers, on average, than the general population. As a result, a number of car insurance companies have discounted car insurance rates for hybrid vehicle owners.
Owning a hybrid vehicle can cut car insurance rates up to 10%!
Other Perks for Hybrid Car Owners
Discounted car insurance isn't the only benefit for hybrid car owners. To encourage the use of hybrid cars, many government agencies and corporations have perks for hybrid car owners:
The Hybrid Vehicle Credit can get hybrid vehicle owners up to $3,000 back on their federal tax return, depending on vehicle eligibility. This is in addition to various state tax credits.
Tax credit for qualified plug-in hybrid vehicles, with a base credit starting at $4,000.
Some companies are offering thousands of dollars in cash-back plans to employees who purchase hybrid vehicles.
Discount and free parking is available exclusively to hybrid drivers in many areas of the country. These laws are usually limited to city or county limits, so check with your city clerk's office for details.
Some states allow hybrid cars to drive in higher occupancy lanes (a.k.a. Carpool Lanes).
A number of hotel chains offer discounted/free parking and special room rates to customers who own or rent a hybrid vehicle.
If you are one of the approximately 62% of consumers who consider hybrid vehicles while car shopping, make sure to check out InsWeb.com and see if you can get a lower rate on your hybrid car insurance.
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