As more and more “eco-friendly” cars have shown up in the market, insurance providers have looked to capitalize on the opportunity to market auto insurance policies unique to these types of vehicle. If you own one of these types of automobile, there is a good chance that you’ll qualify for some insurance discounts for environmentally friendly cars.
Insurance discounts for eco-friendly cars are offered for a wide range of makes and models. Hybrid vehicles, which use both gas and batteries for propulsion, are the typical eco-friendly vehicle on the road and virtually all models will qualify for the discount. Electric vehicles, which rely solely on batteries for propulsion, will almost always qualify for any eco-friendly insurance discounts as well.
Cars that run on alternative fuels may or may not qualify for an eco-friendly discount, depending on the insurance company and the type of fuel the car uses. Natural gas, biodiesel and propane powered cars are out there, as are cars fueled by hydrogen. With different models of eco-friendly vehicle launching every year, more and more insurance companies are starting to take notice. It’s best to check with the insurance agent to determine which companies will offer you an eco-friendly discount if you have one of these automobiles.
Eco-friendly vehicle owners can count on discounts ranging from ten to fifteen percent on their insurance policy. This can end up saving hundreds of dollars per year in premiums, so it’s critical to do your research to determine if you qualify for this type of discount. If your current auto insurance provider doesn’t offer an eco-friendly discount, it might be worth calling them to see if they do have something that’s not advertised. Most insurance companies would rather give a discount than see their clients move to a different company, so it’s at least worth a phone call.
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