The environment isn't the only thing benefiting from thedevelopment of hybrid cars. Beginning last month, St. PaulTravelers is giving a 10 percent discount on auto insurance tohybrid vehicle owners in the United States.
As of August 2005, U.S. roads saw 328,157 registered hybridvehicles. Most were in California, followed by Virginia,Washington, and Florida. Los Angeles tops the list for most hybridsby city, followed by San Francisco, Washington, D.C., and New York.According to the Travelers, hybrid owners insured with the companytypically are married and between the ages of 41 and 60. Gender isequally represented.
“Our preliminary research indicates that hybrid owners tend tofall into the preferred insured category, and at Travelers, lowerrisk drivers are rewarded with lower premiums,” said GregToczydlowski, senior vice president of product management forTravelers.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
