There are many reasons to buy hybrids. Some people believe that America’s oil dependence is the reason for the “War on Terrorism” and that by buying a hybrid, they are helping to end this dependency. They can also lend support to organizations that use their resources to discover alternative energy by purchasing a hybrid car. The rise in smog, air pollution and more cases of respiratory disease motivate others. Tax deductions are available to hybrid owners, which could be something worth considering. You’ve likely done your research, regardless of your reason for buying a hybrid. You’ve checked out the facts and discovered that while they may cost more initially, hybrids are far more environmentally-friendly and you’ll save a ton on gas in the process. However, there is one problem with hybrid ownership: auto insurance. What are the differences in auto insurance rates for hybrid cars? Hybrid cars are more risky and do you need to buy higher insurance rates if you want one?
Let’s take a look at this issue from the point of view of car insurance companies. A hybrid car owner is someone who is responsible for the environment and has the financial means to do their part. These people are typically middle-aged, financially stable, and cautious drivers. They are less likely to drive rashly. Insurance providers consider demographics a major factor in determining premiums. Hybrid owners are not considered high-risk drivers. They also tend to be in the age group with the lowest accident rates. This should help them get low-cost car insurance rates.
Hybrids, however, use the latest technology and tend to be more expensive than gasoline-only vehicles. Although hybrid-specific components come with long warranties and can be maintained at any repair shop, it is more expensive to insure cars with costly parts. Smaller cars, hybrids or otherwise, are more expensive to insure. Because they are harder to see and have less safety features, they are more likely to be in accidents and sustain more damage than an average SUV. These concerns are applicable to all small cars but insurance rates for hybrids will be affected by the car’s size.
However, this does not mean Hybrid car owners have to accept sky-high insurance rates. The Hybrid is becoming more environmentally and socially conscious as a result of its latest technology and safety features. As a result, it is rapidly growing in popularity. Prices will continue to fall and parts availability will increase. Many of the financial problems that are associated with the car will disappear. Hybrid insurance rates will stabilize as more statistics are available to support their safety and functionality. Many insurance companies now offer online hybrid insurance quotes. Even though your initial insurance rates may seem high, your premiums will be lower than you think.
Hybrid cars and insurance rates are a topic of confusion. Some say hybrids are insurance-friendly, while others believe that hybrids can be expensive. Hybrids aren’t subject to significantly higher rates because of hybrid-specific discounts. You can also avail of discounts like a defensive driver credit, a good driving discount, and air bag or safety mechanism installation discounts. Many people may find the hybrids more attractive because of the lower gas prices, tax rebates, and the general satisfaction that comes from standing up for what is right. You can find affordable auto insurance quotes for hybrids if you do your research.
Bethany Collins, a mother to two children, resides in New York with her husband. She enjoys to dance and listen music. She loves writing and makes a living from it. She has published articles on topics such as auto insurance quotes and compare rates.