The environment isn't the only thing benefiting from the development of hybrid cars. Beginning last month, St. Paul Travelers is giving a 10 percent discount on auto insurance to hybrid vehicle owners in the United States.
As of August 2005, U.S. roads saw 328,157 registered hybrid vehicles. Most were in California, followed by Virginia, Washington, and Florida. Los Angeles tops the list for most hybrids by city, followed by San Francisco, Washington, D.C., and New York. According to the Travelers, hybrid owners insured with the company typically are married and between the ages of 41 and 60. Gender is equally represented.
“Our preliminary research indicates that hybrid owners tend to fall into the preferred insured category, and at Travelers, lower risk drivers are rewarded with lower premiums,” said Greg Toczydlowski, senior vice president of product management for Travelers.
More information is available at www.hybridtravelers.com.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
