Cut your insurance costs with an eco-friendly car!
0 commentsMuch has changed this decade as far as eco-friendly cars are concerned. A few years ago, were you sceptical about the viability of the environmentally-friendly car, your fears would certainly not have been misplaced. Then, a green or hybrid car would have cost considerably more to purchase and maintain than a conventional vehicle. Today, however, green cars are becoming increasingly popular. The Society of Motor Manufacturers and Traders has found that the number of environmentally-friendly cars currently in use in the UK has more than doubled over the last couple of years. In contrast, sales of sports utility vehicles have fallen by some 12%.
However, there is more to the switch to green cars than meets the eye. Whilst rising petrol costs and growing concerns about climate change are of relevance, hybrid cars can be advantageous in another way too. You could substantially reduce your insurance costs by switching to a green vehicle. For example, Co-operative Insurance offers a 10% discount to drivers with cars that fall within ‘tax band A.’ That’s the tax bracket for cars which produce less than 100g of carbon dioxide per kilometre. With More Th>n, you could receive discounts to reduce your total insurance bill by 15%. Nevertheless, green initiatives on the part of insurance companies go beyond just discounts. For example, a number of providers now allow you to choose garages that deal with products and spare parts made mainly from recycled materials.
So what does this mean for the consumer? Clearly there are considerable benefits to be had with an eco-friendly car. However, as ever, it is important to shop around for the best insurance deals, as savings on green cars will invariably differ between providers.
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