Carbon neutral car insurance
ibuyeco, a new eco-friendly car insurance scheme that will offset 100% of customers’ CO2 emissions for the duration of their policy and help make a contribution towards tackling global climate change.
ibuyeco is one of the first car insurance products to help customers’ offset 100% of car emissions from their driving. Consumers choosing the online eco-friendly car insurance scheme will no longer have to pay an additional premium to offset their car’s CO2 emissions for the duration of their insurance policy. The offset fee will now be funded by the business at no extra cost to the consumer.
Payments are calculated based on the type of vehicle and the estimated mileage details provided by customers. Emissions are calculated using guidelines from several key groups and bodies, including DEFRA (Department for Environment, Food and Rural Affairs); whose guidelines are used by other government departments when appraising their policies.
Making your car journey carbon neutral by offsetting the emissions your vehicle produces helps balance the impact your driving is having on the environment. CO2 = Carbon Dioxide – a major greenhouse gas – naturally present in the atmosphere at low levels, but on the increase due mainly to the use of fossil fuels. Cars are one of the main producers of the greenhouse gas carbon dioxide (CO2) contributing to climate change. The average family car can produce over 2 tonnes per year.
What is carbon offsetting? Together with ibuyeco partners, they made it easy for you to balance the annual emissions your vehicle produces by investing money to projects which save the equivalent amount elsewhere.
For every 1kg of your annual emissions produced by your vehicles driving each year, ibuyeco arranges for 1kg to be saved by a climate friendly project somewhere else in the world – one balancing the other to make your driving carbon neutral.
As they say: Save money and do your bit to save the planet. ibuyeco are definitely pushing the envelope in the financial sector by recognizing the need for an environmentally friendly insurer and taking it upon themselves to pioneer the field.
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