Looking for a way to pay less money on your car insurance premiums? You might want to consider getting an electric vehicle when you get ready to buy a new car. There are many reasons why auto insurance companies have started to look favorably upon drivers of electric cars.
Electric cars are becoming a little bit more popular every year. The Insurance Institute for Highway Safety created a list of the safest electric cars for 2011. That was the first time that electric cars had been tested by an insurance group. They tested sixty-six different electric vehicles. Forty were makes and models of cars, twenty-five were different types of SUV’s, and one was a minivan.
Auto insurance companies are also starting to like electric vehicles. They are starting to offer discounts on auto insurance to people who drive electric vehicles. There are two main reasons why car insurance companies are interested gaining customers who drive electric vehicles. One is because this is a growing market, and every insurer wants to find ways to attract new customers.
The other reason is because insurers are starting to see the people who drive electric vehicles as less of a risk than drivers of regular vehicles. Insurance companies want to find customers who they feel are low-risk. This is because low-risk drivers are less likely to get into accidents, which means they are less likely to need to find an auto insurance claim. This means they are less expensive for insurers to cover.
What is it about drivers of electric cars that makes them look good to car insurance companies? According to Jack Nerad, executive editorial editor and market analyst at Kelley Blue Book, it is a number of important factors. These drivers probably took the time to do some research before deciding to buy an electric vehicle. This means that they are probably more careful, in general, than other drivers.
They also likely to be more mature than other drivers. You don’t see too many twenty-somethings driving around in an electric car, especially if the twenty-something person happens to be male. Men who are in their twenties are viewed by auto insurance companies to be very high risk. Older drivers, and female drivers, tend to be offered lower premium rates than what an insurer will offer to a young man. This tends to happen no matter what type of vehicle the person drives.
Overall, if you are currently in the market for a new car, you might want to consider an electric vehicle. It could save you money on your car insurance premiums!
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