The increasing awareness for the environment has led to the popularity of owning hybrid cars. Also known also as the ‘green’ or ‘eco-friendly’ car, the hybrid possesses a combined combustion engine and electric battery, which means it does not run on gasoline alone, and emits fewer pollutants as compared to traditional fuel. Using a hybrid car lessens carbon foot print which is essential in times such as these, as well as decrease expenses for fuel and car maintenance. Aside from these advantages, the hybrid car appeals to thrifty people who are concerned about saving on their car insurance and desire lower or free insurance quotes because right now, the insurance companies all across the nation are joining the ‘bandwagon’ of offering special discounts for hybrid car insurance.
Just like any endeavor to look for free insurance quotes for normal car insurance, hybrid car insurance requires great consideration and thorough comparison before purchase because prices can vary from company to company. These prices, fortunately enough, are usually cheaper than your average insurance. Insurance companies review insurance quotes for hybrid cars at a demographical point of view. A hybrid car does not come cheap and is usually bought by men and women whose ages range from 40 to 60 years old. It is because of this fact that insurers would assume that the person purchasing the insurance is financially stable, married, mature and responsible, with almost a considerably less than average statistical chance to be involved in a car accident.
The various insurance companies also consider the likelihood of a person to make a claim, and usually prefer to see as few numbers of claims as possible because it would increase the margin of their profits. This is advantageous to hybrid car owners because they are less likely to file claims because first of all, demographically speaking, a hybrid car driver is a responsible and safe driver which means less traffic violations and accidents. Second, hybrid cars require minimal maintenance due to wear and tear. This means it has little chances of breaking down on the road which can also cause a car accident.
One particular financial advantage in owning a hybrid car insurance is the tax incentive. These incentives vary per state, and may require a bit of tedious researching. Discounts can be as much as 10 percent. However, considering the benefits afterwards, it is worth the effort.
Critics claim that hybrid car insurance and their corresponding discounts are but a hype that is based on a timely marketing ploy that takes advantage of the trend of going green. These discount programs are merely developed on superficial characteristics of the driver, who, as previously discussed are usually older and conservative.
Despite negative insights from critics, the fact remains that a hybrid car and its specialized car insurance is a welcome advantage to car owners. It helps the environment, reduces costs for fuel and maintenance, and increases savings on car insurance thanks to the incentives awarded to owners. For as long as people utilize the advantages of these cars, hybrid car insurance will remain to be a favorite investment amongst the drivers of such vehicles.
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