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Buying a hybrid car could cut your auto insurance costs

If you are considering buying a hybrid car, you may have been shocked by the high sticker price. But did you know that you might be able to save money on your car insurance? That’s right. You may be able to reduce your carbon footprint and lower your insurance costs. Many insurance companies offer hybrid car owners discounts up to 10 percent on their premiums. If you are thinking about buying a hybrid car, get an auto insurance quote to make sure you find the best rate.

How buying a hybrid car could cut your auto insurance costs

Risk profile

Insurance companies offer hybrid car owners discounts based on their risk profiles. Insurers determine what kind of claims you are likely to file in the future based on the vehicle you drive. For instance, insurance companies have found that most people who drive minivans or small SUVs typically don’t use them to commute to work or drive around at night. Think of soccer moms chauffeuring kids to school and dropping them off at games. Since these women tend to be safe, responsible drivers, all minivan drivers benefit from their cautious reputation when it comes to insurance rates. On the other hand, sport car drivers are considered to be more aggressive drivers, so they will have higher rates.

Hybrid car drivers benefit from having a similar reputation as minivan drivers. Both are considered to be safer and more cautious drivers. Some insurers believe people who are socially responsible are also more responsible behind the wheel, according to the Insurance Information Institute. Which is one of the reasons why they offer hybrid drivers discounts on their premiums. If you own a hybrid vehicle, make sure you ask about this discount when you get an auto insurance quote.

auto buying a hybrid car could cut your auto insurance costs Low mileage

Hybrid drivers may also be able to get a discount if they don’t drive many miles. If you happen to live in a state where insurers offer pay-as-you-drive (PAYD) auto insurance, you can buy a policy based on the actual miles you drive rather than an on estimated number of miles. More than 30 states offer some form of PAYD insurance. Check with your auto insurance provider to see if a program is available in your state, before you obtain an auto insurance quote. A study by the Brookings Institution suggests that if drivers paid by the mile, driving would drop by about 8 percent.

Carbon emissions

Motor vehicles account for more than 25 percent of all U.S. greenhouse gas emissions, according to the III. Green insurance policies, such as the pay-as-you-drive options and hybrid car discounts, could reduce that amount by more than 10 percent, if they are broadly implemented, according to Ceres, a network of national network of investors, environmental organizations and other public interest groups concerned about global warming.

When you are ready to buy a new car policy, you can call agents in your local area, contact insurance companies directly or use to instantly get a competitive auto insurance quote from the nation’s leading insurance providers. Simply fill out a simple online form on to find the right insurance coverage at the best possible price. Take the time to protect you and your family today.

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