Brit Liggett

Insurance for Hybrid Vehicles Will Soon Be on the Rise

by , 08/19/10

gas guzzler, hybrid car insurance, insurance for hybrids, toyota prius insurance, insurance for the toyota prius

Hybrid cars ain’t cheap and they’re about to get a little bit pricier. Though you’re definitely going to save on gas, when you count all the parts, labor and complex technology needed to run a hybrid they’re just a bit more expensive to put together than other vehicles – which means they’re just a little bit more expensive to fix too. Because of these factors, it’s been reported that hybrid owners should be expecting an insurance increase in the next few years. But that doesn’t mean you shouldn’t get the hybrid you’ve been dreaming of! Read on to get all of the facts about this bummer.

gas guzzler, hybrid car insurance, insurance for hybrids, toyota prius insurance, insurance for the toyota prius

On average it costs the owner of a hybrid car about $182 dollars more per repair than the owner of a conventional gas guzzler. Now we’re not saying you should count out the hybrid — or electric — car on account of these fees, we’re just alerting you of the fact that these high tech autos are expensive to create, run and fix. Even though hybrid sales are jumping — the Prius is the third best selling car model in America — they remain high on the cost-list.

Now the real consolation we have here, as lovers of green design, is that the reason that insurance rates are on the rise is because insurance companies are terrified of the rising popularity of these easy on gas vehicles. The more people that buy hybrids — and we’re assuming this is about to stretch to the realm of electrics as well — the more insurance companies will have to pony up for repairs. Will this ever hit a downturn? Perhaps. But if you’ve currently got a hybrid or are thinking about getting one, don’t let this news stop you. The benefits far outweigh the negatives, especially when you consider that it was recently reported that hybrids are the least likely to be stolen cars in America.

Via Autoblog Green

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2 Comments

  1. Jacoby May 31, 2011 at 10:16 pm

    Now that’s sulbte! Great to hear from you.

  2. RM Stark August 31, 2010 at 2:09 pm

    Just look at the National Traffic Safety Adm Report on \”Incidence of Pedestrian and Bicyclist crashes by Hybrid Electric Passenger Vehicles\”. It shows that quite vehicles have TWICE the accidents with Pedestrians than a gas car because they cannot hear the car. That will increase insurance rates big time.

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