About Hybrid Cars And Auto Insurance

rear light of a white hybrid car

Hybrid auto insurance policies are relatively new, just like hybrid vehicles. Coverage that caters to this vehicle type has only been around since the late 1990s when the Toyota Prius and Honda Insight became available.

Today, hybrid cars are available in many makes and models, including SUVs. Options for hybrids continues to evolve and change and an increasing number of insurers offer policies.

Is Car Insurance For A Hybrid Car More Expensive?

Rates for hybrid cars can be higher compared to other similar vehicles. They are more to insure because they are worth more, are more expensive to repair and have expensive replacement parts.

How Much Does It Cost To Insure A Hybrid Car?

The cost to insure a hybrid will vary on a variety of factors such as the make and model, year, MSRP, average repair costs, in addition to your driving history, coverage needs, and location. At ThinkInsure, we take all factors into account to help you find the lowest premium.

Hybrid Car Insurance Discount

If you drive a hybrid vehicle, you will qualify for a discount. Most insurers refer to it as a green vehicle discount and you could get up to 10% off your premiums. The amount will vary by insurer.

Learn more about insurance discounts.

What Factors Impact Insurance Costs For Hybrid Vehicles?

Auto insurance for hybrid cars can be affected by many factors. Here are some of the top things that can have an impact :

  • MSRP : They cost about 20% more than other cars to buy. The overall vehicle cost will impact premiums.
  • Technology used : Hybrid vehicles use new and more advanced technology. Often, it’s expensive to maintain and repair.
  • CLEAR rating : Hybrids have higher cost of replacement parts. Also, mechanics are required to have specialized training. These factors affect claims costs and CLEAR rating.

Types Of Top Hybrid Cars

hybrid battery charge sensor

There are two main types - Plug-in Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicles (HEV). Plug in hybrids can recharge the battery through plugging it into an electrical power source and drive a few miles before the gas engine turns on. Hybrid electric vehicles use gas and electricity. Energy is generated through the vehicle braking system.

Common PHEV vehicles you can purchase today include :

  • Chevy Volt
  • Chrysler Pacifica
  • Ford Fusion Energi
  • Mercedes C350e, S550e, GLE550e
  • BMW 330e, BMW i8
  • Fiat 500e
  • Hyundai Sonata
  • Kia Optima
  • Toyota Prius

HEV vehicles include Toyota Prius Hybrid, Honda Civic Hybrid, and the Toyota Camry Hybrid.