Farmers Insurance expanding hybrid discounts to 37 more states
Filed under: Etc., Legislation and Policy
After previously announcing their intention to offer discounts to owners of hybrid vehicles in Ohio, Farmers Insurance is now expanding the program to another 37 states. Customers of Farmers Insurance in all 41 states where they operate will be eligible for discounts of up to 10 percent on all their coverage. The discounts are available to owners of hybrids and alternative fuel vehicles. The discounts were first offered in California in 2005. According to Farmers Insurance vice president Bill Martin: "Our research shows that drivers of hybrid vehicles are more mature, drive fewer miles and are more environmentally conscious than the average driver," The full press release is after the jump[Source: BusinessWire]
Drivers in the buckeye state who own hybrids may want to shop around the next time their insurance comes up for renewal. The Farmers Insurance Group has announced that they will offer a 10 percent rate discount to drivers of hybrid and alternative fuel vehicles. The new discounts went into effect November 1, and affect new customers immediately and existing customers when they renew. Since insurance companies generally base their premiums on an assessment of the risk posed by the car and the driver, they must feel that hybrid drivers are more responsible in their driving habits as well as their purchase habits. So far the discount apparently only applies in Ohio.
Ford's tiny Ka might come to America after all
Paris 2008: Citroen C4 WRC HYmotion4 hybrid rally car
Confirmed: Lexus to build Prius-based hybrid
Paris 2008: Mazda Kiyora city car concept
Breaking: Senate passes PHEV legislation
Did a used EV1 really just sell for $465,000?
AutoblogGreen First Drive: 2009 Volkswagen Jetta TDI Sedan
Production Chevy Volt photos leak out!
