For consumers looking to help the environment by “going green” there are actually a wide of insurance discounts available to you. Over the next two blog posts we are going to share some of the discounts that offered to owners of vehicles with eco-friendly features.
Green Vehicle Insurance Discounts
- Hybrid discounts. For owners of hybrid vehicles, some insurance companies are offering discounts of up to 10 percent. Some auto insurance companies are doing the same for electric cars as well. Additionally, some insurance companies have been offering a policy endorsement that allows hybrid vehicle owners to to upgrade to a similar model after a total loss.
- Alternative fuel discounts. For cars that use alternative fuels like biodiesel, natural gas, ethanol, hydrogen, or electricity, insurance companies have been offering additional discounts on your auto premiums.
- Pay as You Drive Programs. For other vehicle owners who are taking the initiative to drive less by carpooling, biking, or using public transportation, some insurance companies are offering significant discounts for the mileage decreases. Depending upon the program, the insurance company may take mileage readings or install a GPS system. The information is then taken by the insurance company to compare it against average drivers; and, if your mileage is significantly less, you will qualify for large discounts.
If you would like to find out more about what discounts are available to your “green” car, then please feel free to contact our office.