, you may find that car insurance premiums for these vehicles are pricier than their fully gas-powered cousins. There are a few obvious reasons for this, and others that take a little more digging to uncover.
Since hybrids are relatively new to the scene, their replacement parts aren’t as common as those for gas-only vehicles, and these expenses add up.
Hidden factors that can affect your hybrid’s insurance rates
PRWeb mentioned a number of other contributing factors that you might not have considered.
First of all, hybrids are very quiet vehicles. You might be wondering what this has to do with insurance premiums. Quiet cars should make for a peaceful ride, after all.
However, they can be difficult for other road users to hear, leading to a higher rate of accidents involving hybrids and bicyclists or pedestrians, especially in low-speed areas. Hybrids likely operate the most quietly under these conditions.
In the insurance world, a higher risk of accidents always leads to higher premiums.
Another contributing factor is the fact that hybrids are popular in urban areas. As people who live in cities know, owning a car in densely populated areas means a greater likelihood of collisions, theft, and vandalism. This means higher insurance premiums as a result.
Finally, hybrid vehicle drivers tend to drive more, on average, than gas-only car drivers, since they pay less for fuel. More miles clocked translates to greater accident potential and more expensive insurance.
If you drive a hybrid or any other type of vehicle, you can save money on car insurance with
Genevieve holds a BSc in Psychology from the University of Victoria in British Columbia, Canada, but her first and forever loves are writing and editing. She is passionate about creating transportive experiences for readers and feels most at-home in the literary world. When she's not writing about finance or car insurance, you can probably find Genevieve watching a good film, looking for sushi, or putting on her chef's hat in the kitchen.