Go Compare
06 April 2009
The most common form of hybrid cars use a fuel-powered source for propulsion, but combine this with a rechargeable energy storage system that enables the engine to be operated at close to its maximum efficiency. They have been developed to deliver improved fuel economy and to reduce carbon dioxide emission levels.
The problem many hybrid car owners have faced is that while their vehicles can save them money at the pump, typically car insurance premiums for hybrid cars have been more expensive due to increased repair costs. According to a survey by a comparison website in June 2008, consumers pay around £50 more on average to insure a `green car`, leading to calls for insurance premium tax to be removed for environmentally friendly vehicles.
What options are available for hybrid cars?
Hybrid car owners can still reduce their premiums. As with any vehicle owner they should shop around with a comparison website to compare as many quotes as possible to ensure they are getting a competitive deal.
In addition, a number of specialist policies have emerged that are specifically designed for hybrid cars including:
* More Th>n Green Wheels car insurance
More Th>n offers a scheme that encourages environmentally friendly driving. Policyholders can save 10 per cent on premiums by agreeing to have a `green box` inserted into their car which monitors their driving and helps them drive in a more eco-friendly manner. More Th>n also offers a discount for hybrid car drivers.
* Yes Insurance
Yes Insurance launched a hybrid car cashback scheme to encourage greener driving. Hybrid car drivers receive £40 cashback, half of which goes to a carbon-offsetting organisation and the other half goes to the driver.
* Adrian Flux
This specialist provider claims to take a different approach to hybrid cars by acknowledging the fact that their drivers will usually take special care of their vehicle and drive responsibly. Cover is available for hybrids, electrics, hydrogen cars and alternative fuel vehicles with protected no-claims discounts and agreed value cover among the options.
* The Green Insurance Compan
Includes a five per cent discount for drivers of green cars and a number of additional incentives including 100 per cent offset of your car`s emissions, five per cent of profits donated to charity and special offers and discounts throughout the year.
The importance of choosing the right plan
There are plenty of car insurance options available but choosing the right policy is crucial. Look beyond price and compare policy features so that you can be sure you are getting a suitable level of cover for your needs. Most hybrid car owners will require comprehensive car insurance because the value of the car and the associated repair costs make third party only and third party fire and theft policies inadequate if a claim were necessary.
How to make a car insurance claim
If your hybrid car is damaged in an accident do not take it straight to a repairer - due to the expenses associated with hybrid cars your insurer may want the work to be undertaken by their approved repairer. Instead, contact your insurer at the earliest opportunity to advise that you want to make a
car insurance claim - most have a dedicated 24hr claims line. You may be asked to complete an accident report form but a phonecall should be enough to get things moving. Ask what evidence is required to support your claim and keep hold of receipts and correspondence during the process.