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Going ‘Green’ Can Save Money on Auto Insurance

Posted on February 21, 2009
Filed Under General News, Government, Insurance, Tax Information | Leave a Comment

hybridlogoThese days, it seems like everyone’s talking about hybrid cars and ‘going green.’ But if you think hybrid-mania is just about gas mileage, think again.

As you’ll learn in this article, investing in a ‘green’ vehicle won’t just save you money at the pump — it could save you a bundle on your auto insurance premium, too.

Drive Less, Save Big on Car Insurance

If you keep your annual mileage low, you may qualify as a “pleasure driver.” According to the Consumer Federation of America, this classification could save you 10-15% ($94 to $142 off the average premium) on auto insurance costs.

If you’re looking to save even more money, enrolling in a Pay-As-You-Drive auto insurance program could reduce your auto insurance costs by up to 54%.

Hybrid Owners Get Auto Insurance Discounts

Hybrid engines use gasoline and electricity as fuel sources, making them more fuel efficient and ‘green’ than gas-only vehicles. And if you own one, you may be eligible for an auto insurance discount. Owning a hybrid or alternative fuel vehicle could reduce your auto insurance premium by 10% with a participating insurer.

Looking to Save Money on Gas? Buy a Fuel Efficient Car!

A great way to both help the environment and save fuel is to drive a fuel efficient car. Cars with good gas mileage burn less fuel, saving you money at the pump. Check the U.S. Department of Energy’s website FuelEconomy.gov to view your car’s fuel efficiency rating and compare different makes and models side-by-side.

Source: KOAM

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