Is there low-cost auto insurance for hybrid cars?
From the first day these cars were introduced to the public in Lanoka-Harbor, NJ, people were kind of confused. It was hard to imagine a car that could beat the gas guzzling tanks that were tearing up the road. This is a concept that an entire generation has been waiting on, a fuel efficient, environmentally friendly car. A Hybrid car should get you a discount with your auto insurance company but unfortunately that is not always the case.
Even at this moment there are still mixed feelings when it comes to insuring a hybrid and what discounts should be available for that car. Some insurance companies think that people who would never speed probably would drive a hybrid. Therefore, they offer low cost auto insurance for hybrid owners. Those companies also offer low cost insurance rates to hybrid drivers because they feel they are less likely to take risks. Their driving profile says that they are more safety-conscious than their peers who drive non-hybrid cars. Hybrid drivers are considered “better risks” and nine times out of ten they will not make a claim in the future.
That is the pretty side of owning a hybrid car and the perks to having the insurance. On the other hand there are insurance companies that feel completely different. To them hybrid cars are still too new to make a rating system that would offer low cost insurance to its owners. Those cars have still not been tested and definitely haven't been on the road long enough. The hybrid, to some insurance companies, has not been in enough accidents unfortunately for them to be able to tell if it is a reliable and safety car on the road. For all of these reasons companies are still holding back their discounts for owning these cars. Some think that the electrical components in these cars may cause harm and some car insurance companies feel that hybrid drivers are not necessarily safe drivers. Who says that hybrid drivers wont take risks? One thing is for sure they definitely have not been on the market long and caused enough accidents for us to know.
Despite the controversy over whether you can get a discount or not those cars are still popular nonetheless and still have the attractive feature as gasoline prices rise to be the new efficient fuel economy car of its time. And even if some of these auto insurance companies have not ruled out hybrid owners as less risky drivers the government sure does think so. There are federal tax credits for drivers of hybrid cars. Now that is a motivator. Just know, whether you own a hybrid or not auto rates still vary significantly with every driver. The best thing to do in any case is to shop around that way you'll know if your getting the best auto insurance for hybrid cars or any car for that matter.