Owners of hybrid cars already get to feel deep personal satisfaction every time they watch other people fill up their gas guzzling SUVs. Starting next month, hybrid drivers will have yet another reason to pat themselves on the back (besides, you know, helping to save the planet): cheaper insurance. An insurance company will begin giving ten percent discounts to hybrid owners next month, based on early indications that the type of people attracted to hybrid cars are also those who qualify for low-risk car insurance.
The insurance provider, St. Paul Travelers, found that hybrid drivers tend to use their cars mainly to commute between home and work, according to a Reuters story. They also tend to be married, in their 40s or 50s, and drive within the speed limit. All these factors are associated with low-risk drivers, who are eligible for discounted insurance.
Fifteen percent of cars on the road in the next 10 years could be hybrids, according to St. Paul Travelers. The company is the first to offer discounted insurance premiums for hybrids. [by Hillary Rosner , Syndicated from the Planet section of LIME ]