Hybrids Save Money On Rhode Island Auto Insurance
Hybrids seem to be more than a trend in Rhode Island. In fact, they appear to be one of the best ways to save money these days. Hybrid drivers currently constitute less than five percent of all traffic in the United States. Automatically these drivers are positively stereo-typed to their benefit. It is assumed that hybrid drivers are more conscious about everything including the environment and therefore a lower risk for accidents; they are generally older more nature drivers statistically speaking and finally they are considered financially stable. All of these factors together equal lower rates. Discount of around ten percent of annual premiums are fairly common.
In 2006, USA Today reported, "Hybrids have grown from two models and less than 10,000 sold in 2000 to 11 models and 212,000 sold in 2005. J.D. Power and Associates estimates hybrid sales will increase 268% to 780,000 among perhaps 52 models in 2012."
While hybrids that run on electricity and or natural gas may save drivers money at the pump, depending on the type of accidents repairs may seem much more expensive. Travelers and State Farm and Farmers are among the insurers that are offering hybrid discounts. The savings do not stop at the pump; hybrid car buyers are receiving tax credits in the neighborhood of $250.00 - $3100 depending on the type of car.
It is not just the government, and the insurance companies that want to financially reward hybrid drivers. Many employers are offering reimbursements, incentives and cash allowances ranging from $1000.00 to $5000.00 dollars. Your company may already be offering like incentives.
Purchasing a hybrid now is still like getting in on the ground floor. It is still somewhat of a novelty and therefore there are many incentives that if the truth be told may not last. In advertising it is cliché to say limited time offer or restrictions may apply but in the case of auto insurance for hybrids this may be truth in advertising. If you are looking for a new car and a way to save money on the sticker, at the pump, and on the monthly premiums you may just need to consider a hybrid.