{"id":1009,"date":"2018-07-31T13:16:28","date_gmt":"2018-07-31T17:16:28","guid":{"rendered":"https:\/\/www.protectiveagency.com\/blog\/?p=1009"},"modified":"2024-02-24T01:55:58","modified_gmt":"2024-02-24T05:55:58","slug":"will-buying-green-vehicle-increase-insurance-rates","status":"publish","type":"post","link":"https:\/\/www.protectiveagency.com\/blog\/will-buying-green-vehicle-increase-insurance-rates\/","title":{"rendered":"Will Buying A Green Vehicle Increase My Insurance Rates?"},"content":{"rendered":"

Going green, especially when it comes to the car you drive, is an option more and more people are choosing to take. From better gas mileage to the environmental advantage, people are looking to save money while also making an effort to help protect the valuable planet on which we all live. If you have gone green or are thinking about going green, car insurance for a green vehicle is likely something you\u2019ve thought about.<\/p>\n

All vehicles that are driven on the road should have an insurance policy in order to keep drivers, the vehicle, and third parties financially covered in case of accidents, thefts, vandalism, or injuries. Car insurance doesn\u2019t keep accidents from happening, but it does allow you to recover from such events as easily as possible. Having to replace your vehicle out of pocket can be financially devastating for some, not to mention the cost of another driver\u2019s property damage or personal medical bills that could also result from a car accident.<\/p>\n

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Going Green<\/strong><\/h4>\n

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Green vehicles encompass the categories of electric vehicle or hybrid vehicle. Some vehicles can be entirely run on battery power and require no additional fuel, while others run on a mix of electric power and gas to get the most fuel efficiency. Over time, not having to pay as much for gasoline to power your vehicle can save you money. Additionally, driving a green car supports a lifestyle that values our environment and the impact we have on it through the technology we use every day.<\/p>\n

Green vehicles can cost more to buy than a regular vehicle, but this doesn\u2019t necessarily mean that your insurance rates will be higher than if you bought a normal car. Green vehicles are highly energy efficient, are quiet to drive, and can easily make your commute and daily errands easier. However, they are more expensive to replace since there are fewer of them out on the roads; parts to fix green or hybrid vehicles aren\u2019t as readily available, which increases maintenance costs in general.<\/p>\n

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Insuring a Green Vehicles<\/strong><\/h4>\n

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Drivers of green vehicles are subject to the same factors as the drivers of regular cars. There are discounts out there, but they are not automatic. Insurance companies use the same rationale for insuring green vehicles as they do regular cars.<\/p>\n

Factors that influence your insurance rates can include:<\/p>\n