3 Hidden Reasons Hybrid Cars Are More Expensive to Insure

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The cost of car insurance is determined by a number of factors like driving history, gender, age, and in some states, credit score. Essentially, anything that could be perceived to increase your chances of getting into an accident can have an impact. But did you know that the type of car you drive also impacts your rate?
Hybrids are a great option for drivers who want to move away from gas-guzzling vehicles but aren’t quite ready to make the switch to electric.
Despite the fuel savings afforded by hybrid cars, 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.
A close-up of the word "Hybrid" embossed on a white vehicle
Hybrid cars come with many perks, but cheaper insurance is not usually one of them.

Hybrid car insurance: cost breakdown

According to PRWeb, hybrid vehicles can cost, on average, anywhere from $1,000 to a whopping $35,000 per year to insure.
This represents about a 7% increase over the insurance cost of a vehicle that just runs on gas.
If you're planning on owning your hybrid for several years, these extra costs can add up significantly over time.

Why do hybrid cars cost more to insure?

There are several factors that lead to hybrids having higher insurance premiums than gas-powered cars. Some of them might be fairly obvious to most people and make sense if you know how insurance rates are generally calculated.
One major factor, as you might imagine, is price.
Hybrid vehicles tend to have higher price tags than traditional cars and typically cost between $20,000 and $45,000. Higher prices often mean greater repair costs and, in turn, higher premiums.
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.
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