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Do Hybrid Vehicles Actually Cost Less to Insure?

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Hybrids have been developed first of all for their decrease in the cost of fuel. The whole idea of a hybrid is to reduce the use of a gasoline engine during periods when it is most expensive to operate. Use the gas-powered engine more when it is cheapest to operate.


That theory seems to work well in practice, as despite their higher initial selling price hybrid sales continue to climb. But can you also save on insurance with a hybrid. In fact, you can.


Many providers now offer insurance discounts for hybrid owners. There are several good reasons for this. Statistically, hybrids have fewer accidents. The reasons are simple to understand.


Size Matters


The notion of smaller cars with smaller gas-powered engines translates into less vehicle weight. That means less work performed by that engine to move the car down the road. You save money on gas two ways, by using gas power less frequently, and by having less weight to pull around. Smaller and less powerful vehicles also usually translate into lower speeds, and lower speeds are related to fewer accidents on the road. Hence, better insurance rates.


Proudly serving Oakley and the greater Bay Area since 1990, Agers Insurance Services is here to help you with your questions about hybrid vehicle insurance costs. We are here to serve all your insurance needs. Give us a call.