What You Need to Know About Insurance for a Hybrid
27
November
2012

There are lots of rumors about hybrid vehicles, and how different they are to insure compared with non-hybrid vehicles. You may have read somewhere that hybrids cost significantly more for car insurance compared with a non-hybrid counterpart, for a number of different reasons. This rumor simply isn’t true, and hybrid vehicles may even end up costly a lot less to get covered compared to any other car.

One of the reasons you may have heard for hybrids costing more to insure than non-hybrids is because they are less safe. This couldn’t be further from the truth. Hybrids are in fact as safe, and in some instances much safer, than many non-hybrid counterparts. Hybrids are made from lighter materials compared to other cars in order to increase the car’s miles per gallon rating. Some believe this means the car is more susceptible to serious damage when in an accident, but this isn’t the case. Hybrids are no less fragile than any other car small car on the market, and have even performed better in some high-speed collision tests.

Hybrids cost about the same to insure compared to other small cars on the market. Usually, small cars cost more to insure compared with larger cars. You won’t be paying any additional money just because it’s a hybrid. Smaller cars usually cost more to insure because, statistically, the likelihood of getting into an accident in a small car is greater than that of a larger vehicle. Again, this has nothing to do with hybrids! Smaller cars are usually harder to see, especially with the high amount of trucks and big SUVs out on the road today, meaning the chances of a wreck are higher. Plus, smaller cars usually are a more popular choice for people who commute long distances because of better gas mileage, meaning more wear and tear on the car. All of these reasons are applicable to hybrids, yet none are specific.

In some cases, you may even find that hybrids are a bit cheaper to insure compared with other cars, due to some long warranties on some key components. Typically, hybrid batteries have warranties that last many years, so any replacement is usually covered under the manufacturer’s warranty and not the insurance company.

If for any reason your insurance provider does charge you a higher cost for insurance after you purchased a hybrid, consider switching insurance companies. Check out a website like 21st Century Insurance to compare insurance prices from a variety of providers, and choose the one that best fits your needs.

Even if the insurance on your hybrid tends to be a little more than your old car (because of the small car category), you’re absolutely guaranteed to make up for the higher insurance costs with the amount of money you’ll save on gas commuting to and from work. If you aren’t sure of your current vehicle’s gas mileage and are interested in comparing it to that of a hybrid vehicle, use an mpg calculator so you can determine how much money you’ll be saving by switching to a hybrid vehicle.

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