Green Cars Means Cheaper Insurance

By: A Nutt


It seems that these days everyone wants to do their part to help protect the environment. Due to growing consumer demands, Business and Industry are now coming up with ways for people to benefit from living a green lifestyle. One way of encouraging eco-friendly living is for insurance companies to provide cheaper car insurance for people who buy green cars. Recent research shows that drivers are increasingly more likely to purchase a green car.
There are many reasons why people are gravitating toward green cars. Because green cars have lower emissions, they will save more on gas. As well, lower emissions will result in a decreased carbon footprint since there is less carbon dioxide and carbon monoxide being released into the atmosphere. This helps slow down global warming.
Because some green cars such as hybrids tend to be expensive, insurance companies are now providing discounts to people who buy more energy efficient vehicles. This can include not only hybrids, but cars that have high mileage. Research has shown that people who drive hybrids are a lower risk of getting involved in an accident and tend to be less reckless drivers. These drivers are considered more sensible and they care about the environment so there risk is lowered. A lower risk driver will receive lower premiums. As well, many of these companies that offer discounts for green drivers are involved in programs that work to make a more sustainable environment.
Green Car Insurance is basically a method of providing discounts for people who drive low emission vehicles. The insurance was designed and implemented on the concept of reduce, reuse, and recycle. They reward eco-friendly customers with discounted car insurance premiums. Most of these companies offer some type of carbon offsetting program. This means they take a percentage of the price of a policy and give it to carbon offsetting projects. Some of the programs involve planting trees, supporting recycling projects, or other eco-projects. They may even offer extra incentives such as using recycled car parts for repairs and recycling the car if it is irrecoverable. There are a number of green car insurance companies that will offset 100% of a vehicle's emissions.
There are also proposed pay-as-you-go car insurance programs. This is where your insurance rates are based on the actual number of miles you drive. This encourages drivers to reduce the number of miles they drive each year. Drivers would confirm mileage either by their repair records, odometer readings, or even a piece of equipment installed on the vehicle that tracks mileage.
Customers are now being rewarded for their green lifestyle with insurance discounts. For example, GMAC offers a program with their OnStar system allowing customers to send their mileage stats via OnStar, and if their yearly confirmed mileage is less than 15,000 miles, they can receive up to a 54% discount on their GMAC car insurance.
The number of insurance providers that are providing policies that include green options is increasing. Unfortunately, not that many people know about these eco-friendly insurance options because they receive less advertising than traditional insurance policies. If you are one of the millions of people who are concerned about the future of the planet and its resources, ask your insurance company if they offer a green insurance policy. As more people learn about these great insurance options, the green trend will continue to swell. Educating consumers about the importance of green cars will encourage more people to consider purchasing a green car.
Offering cheaper insurance for green car owners means more people will buy these vehicles and thus create a cleaner and greener environment with Auto Parts Stores

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