With the price of gasoline skyrocketing and the shift in society towards green energy, more and more people have considered Hybrid cars as an alternative to traditional combustion engines. This shift is clearly indicated by the increase in sales each year. Reports speculate that this trend will continue and sales of hybrid vehicles will be up 20% from now until 2015. The increase in sales will also be accompanied by the cost of the vehicles diminishing at the same time.
Early research suggests that hybrid cars are less likely to get into an accident, which helps lower insurance rates. Upon further analysis though, it may be argued that the quiet approach can be dangerous to other people on the road, predominately pedestrians and bicyclists. According to the Insurance Institute for Highway Safety, these rumors were put to rest. They believe that hybrids are as safe to drive as any other vehicle, possibly even safer.
According to Matt Moore, the VP of the Insurance Institute for Highway Safety, “some insurers have even started offering discounts for hybrid drivers too, such as Farmers Insurance, who offers a 5% discount, while Travelers Insurance ups the ante with a 10% discount offered nationwide.”
Year over year, these saving do add up but before making a new car purchase, do the necessary research. Even though insurers believe hybrids are less likely to get into accidents, they are still possible so consider the safety and insurance implications of buying one. You will still be driving on the road with big gas guzzlers, so there’s no point in having a lower insurance rate if you have to sacrifice safety. As selected by insurancequotes.org, the following five cars have been selected as great choices for your business: 2013 Ford Fusion Hybrid, Hyundai Sonata Hybrid, 2013 Toyota Camry Hybrid, 2013 Chevrolet Volt, 2013 Toyota Prius V. Contact your insurance broker today for more information on how Hybrid Cars lower insurance rates.