'Green' drivers to qualify for cheap car insurance

Wed, 03 May 2006

Buyers of petrol-electric hybrid cars will be rewarded with low car insurance rates, experts predict.

The petrol-electric engine is known to significantly cut the emissions of greenhouse gases due to its lower rate of fuel consumption. A survey of motorists revealed that one in six would consider switching to a hybrid engine, but until recently there has not been a monetary incentive to acquire a greener vehicle.

Keith Maxwell of ‘More Than’ motor insurance stated that "at the moment insurance policies for hybrid cars and for petrol cars are the same [but] we are looking at how we could reward people who choose an eco-friendly car".

Others to benefit from low car insurance quotes include eldery motorists. Average premiums for the over-65s fell from £342.49 in August 2005 to just £327.13 in January 2006 - a decline of close to 4.5 percent.

A general climate of lowering car insurance rates has been reflected across the nation, with all areas except for North-East England and East Anglia reporting falling rates between August and January.
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