Green Vehicle Car Insurance Discount

Green vehicle car insurance discounts may be available to you depending on your car insurance company. However, many auto insurance companies don't offer green vehicle discounts, and many more actually charge higher rates for hybrid or electric cars. Fortunately, Farmers, Travelers, and TD insurance offer green vehicle car insurance discounts to drivers. Read more and compare electric car insurance quotes from local providers below.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Mar 31, 2021

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The Rundown

  • Driving a green vehicle or a hybrid car could potentially save you money on your car insurance
  • Some insurance companies offer green vehicle discounts, but this discount is not universally offered by all insurance companies
  • Some insurance companies may charge higher rates for green or hybrid vehicles because they cost more to repair

If you drive a hybrid or electric car, you may be looking for a green vehicle car insurance discount.

Some car insurance companies do offer discounts to people who drive electric cars or hybrids, but others actually charge higher car insurance rates for these vehicles because they have higher repair costs on average.

If you’re looking for a green discount on your car insurance, you need to shop around.

Electric car insurance costs can vary wildly from one insurer to the next. If you’re taking the time to drive an eco-friendly car, take the time to find a car insurance company that will reward you for this choice.

If you’re ready to shop around for green vehicle auto insurance discounts, enter your ZIP code below to compare green vehicle car insurance quotes from the top insurance companies in your area.

What companies offer a green vehicle car insurance discount?

A green vehicle discount is hardly ubiquitous in the car insurance field like a good student or safe driver discount. Still, there are car insurance companies that offer their drivers discounts for going green and driving a hybrid or an electric vehicle.

Companies like Travelers and Farmers offer their policyholders a 10 percent discount on their liability car insurance or full coverage policy for driving a green vehicle. There are also smaller players in the car insurance industry like TD Insurance that offer a discount for these vehicles too.

TD electric car discounts are labeled their “Green Wheel Discounts.” However, any specifics on the nature of the discount itself are subject to an individual quote, which you can get online at your convenience.

You can read more about green vehicle insurance at the Insurance Information Institute to learn more about the available discounts out there.

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Why do green vehicles cost more to insure?

A lot of insurance companies charge more money to insure green vehicles. Why? There are two major reasons.

The first has to do with repair costs. Since these vehicles are more specialized, they cost more money to repair. Parts and labor are more expensive for these repairs because there are fewer mechanics who do this type of work, and the parts are more expensive.

Secondly, although hybrid cars are great for the environment, they actually may cause more accidents with pedestrians and bikers because they are so quiet. Insurance companies want to avoid liability.

Recent findings that green vehicles are in more accidents than standard cars, which in turn raises insurance costs for consumers.

If you’re ready to buy hybrid or electric car insurance, enter your ZIP code below to compare green vehicle car insurance discounts in your area.

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