New Hybrids Rolling Out As Insurers Offer Discounts

GM to debute hybrid Saturn VUE sport utility while Travelers Insurance offers 10 percent discount to hybrid car owners.

Published: 08-Jan-2006

e are many new hybrid electric-gasoline vehicles set to come out. And if you need another good reason to buy one, here's one: cheaper insurance.

Travelers said it will offer a 10 percent discount on auto insurance to hybrid owners in the next month. It's the first company to do so on a nationwide basis.

The company said it found that hybrid owners tend to fall into what's called "the preferred insured category." In other words: lower risk drivers.

As of last August, there were more than 328,000 registered hybrid vehicles. Most were in California, followed by Virginia, Washington and Florida.

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