Insurance Co. offers hybrid discount
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Ridiculously Active Enthusiast
Joined: Apr 2005
Posts: 1,045
From: Coquitlam, B.C.
Insurance Co. offers hybrid discount
http://www.greencarcongress.com/2005...s_insuran.html
http://www.greencarcongress.com/2005...insuran_1.html
Hopefully this trend will continue to spread. It's nice to see a corporation pitching in to do their part in encouraging FE vehicle ownership through incentives.
http://www.greencarcongress.com/2005...insuran_1.html
On Monday, Farmers Insurance will announce that it will begin offering a discount to California auto insurance customers who own hybrid or alternative fuel vehicles.
The insurance company will become the first in the US to offer this type of discount.
The announcement will be made at Los Angeles City Hall, with several council members present.
The insurance company will become the first in the US to offer this type of discount.
The announcement will be made at Los Angeles City Hall, with several council members present.
Last edited by Schwa; Oct 18, 2005 at 10:11 PM.
World's First Hybrid
Joined: Jul 2005
Posts: 600
From: Quincy MA
Re: Insurance Co. offers hybrid discount
The only insurance "break" we get here in Taxachusetts is when they send someone to break your legs for not paying....
Costs over 2.5 grand to insure two cars in the 'burbs here and we are both low risk, a 2001 accord and 2005 HCH. Sheesh.... As soon as the hybrids get more popular, they will cost more to insure because those are the ones that will get stolen first for parts...
Costs over 2.5 grand to insure two cars in the 'burbs here and we are both low risk, a 2001 accord and 2005 HCH. Sheesh.... As soon as the hybrids get more popular, they will cost more to insure because those are the ones that will get stolen first for parts...
Go Army!
Joined: Aug 2005
Posts: 178
From: Ellicott City, MD
Re: Insurance Co. offers hybrid discount
Originally Posted by EricGo
Why CA only ?
Farmer's probably decided to test the discount in a state where they thought it would do *them* the most good -- they think they will get more profit for the premium they're giving up in California than if they did this in a less-green state.
By doing it in a state where there are probably lots of eligible vehicles, they'll also have more experience to judge whether or not to extend it to other states. If they offered it in a state with very few eligible cars, then the small number of vehicles getting the discount would not give them reliable data for future analysis.
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