Green Vehicle Auto Insurance Discount
If you drive an electric or hybrid vehicle, you might qualify for a green vehicle auto insurance discount. Currently, seven national providers offer an affordable green vehicle discounts. However, qualification rules and discount amounts vary from company to company. Expect green vehicle auto insurance discount rates to be approximately 7% cheaper than average.
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UPDATED: Jul 15, 2021
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- Currently, seven national insurance companies offer a green vehicle auto insurance discount
- On average, drivers save 7% on their auto insurance premiums with this discount
- Depending on the provider, both electric and hybrid vehicles are eligible for green vehicle discounts
If you drive an electric or hybrid vehicle, you could save 7% on your annual premiums with a green vehicle auto insurance discount.
Keep reading to learn how to switch car insurance for your eco-friendly vehicle and qualify for a green vehicle discount.
After comparing affordable green vehicle auto insurance discount rates, enter your ZIP code into our free tool above to receive quotes from the leading providers near you.
What is a green vehicle auto insurance discount?
A green vehicle discount provides drivers with a rate reduction due to the eco-friendly impact of your vehicle. However, the eligibility rules vary from company to company.
Some providers include plug-in electric and hybrid vehicles as green cars, while other companies are more limited.
According to the Bureau of Transportation Statistics, the first hybrid vehicle sales began in 1999, and plug-in electric vehicle sales began in 2019.
Today, hybrid vehicles account for 1.7% of the light vehicle market in America, and all-electric cars account for another 3.2%.
Despite the increase in popularity over the years, eco-friendly vehicles are still relatively expensive to repair and replace than standard cars, which means insurance rates on these makes and models are often higher than average.
By qualifying for a green vehicle discount on your auto insurance, you can mitigate any potential increases in your rates.
Which feature on your car is worth a discount on your car insurance? Anti-theft devices and other safety features can lead to additional savings opportunities.
You may be wondering, do more safety features lower car insurance rates? Usually, the less risk you pose on the road, the lower your auto insurance rates.
Therefore, adding safety features to your car that your provider offers a discount for is always a great way to lower your rates when combined with green vehicle discounts.
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What companies offer a green vehicle discount on auto insurance?
If you drive one of the most popular electric vehicles or other eco-friendly cars, you can buy green vehicle discount auto insurance from seven different national companies.
Take a look at a complete list of providers where you can find this discount below:
- 21st Century
- Liberty Mutual
- The Hartford
Your age, driving record, and coverage needs also influence your annual auto insurance premiums. Shop around and compare green vehicle auto insurance quotes from multiple companies to find the best rates. There could be local agencies in your region offering a better green vehicle discount than the national companies.
Green Vehicle Auto Insurance Discount: The Bottom Line
Compare quotes online from multiple providers, and don’t forget to ask about other discounts that can help save you money.
Whether you’re looking for the best green vehicle auto insurance discount company near you or want to update your coverage, enter your ZIP code into our free quote tool below to start comparison shopping with providers near you.