Travelers Insurance to Offer 10 Percent Discount to Hybrid Owners
NEW YORK - Are tree-hugging, middle-age owners of hybrid vehicles a better risk than drivers of ordinary autos? St. Paul Travelers Companies Inc. is betting they are.
Travelers, the fourth largest property and casualty insurer in the United States, is giving a 10 percent discount on auto insurance to hybrid owners beginning in February. It is the first auto insurer to implement such a discount nationwide.
"Call it 'The Gas Station Revelation,"' said Greg Toczydlowski, the Travelers executive launching the program. The idea came to him after he watched a hybrid zip in and out of a station while he was pumping gas into his big sports utility vehicle (SUV).
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