Hybrid Car Insurance Discounts ?
Reader’s Question:
I’m thinking of switching to a hybrid car and I heard that discounts are being offered by car insurance companies for hybrid car owners in Los Angeles CA, is this true?
Dustin
Los Angeles CA
Basically, a hybrid electric vehicle (HEV) combines an internal combustion engine and an electric motor powered by batteries. This technology merges the best features of today’s combustion engine cars and electric vehicles. The combination allows the electric motor and batteries to help the conventional engine to operate more efficiently which in effect cuts down fuel use.
The main reason why discount is being given to hybrid car owners is that a research indicates that hybrid car owners tend to fall into the preferred insured category. Car insurance is an assessment of risk; the lower the risk you represent to the car insurance company the lower the premiums they will charge. This is because you are treated as a customer who will potentially be less costly than one who is more likely to make a claim. The discount may not be available in all states and is subject to individual eligibility so contact your Los Angeles CA agent or insurance company to further discuss details about getting a hybrid car insurance.
Even if the market price for cars is steep, the fuel that you save along with incentives like tax breaks do make a hybrid a good and sensible choice. But still, before you say “yes” to a hybrid car, you must do in depth research. Know the pros and cons by talking to manufacturers and owners of hybrid cars.
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