Although a large number of people are wanting to do their bit for the environment and trade their unhealthy car for a greener alternative, some fear the costs will be too high. A leading financial website has revealed however that people switching to these greener automobiles will not be paying more for their insurance than they would if they stuck with their standard cars
Following their recent statement about ?green office insurance?, online megasite Moneysavingexpert.com just cleared up the situation of whether people would be paying more for their car insurance if they went green. They have said that not only is the insurance of hybrid or battery-powered cars no greater than standard cars but also people will make financial savings in the long run from a whole range of other factors. These include
? Lower cost of fuel as electrical cars are much cheaper to fill up than all-petrol or diesel cars
? Lower tax as the government is implementing tax breaks for environmentally friendly vehicles
? Lower excise duty, in some cases this is scrapped all together for green cars.
This comes as welcome news to the government who are currently making great efforts to rid the roads of the most damaging cars and promote greener alternatives. Insurance is a major factor that people consider when buying a car and if the costs were any more than a standard car it would put a number of people off buying one.
Following the government?s scrappage scheme which seems to be going well, there are even talks of bringing in an insurance subsidy plan if green cars or green business vans insurance premiums do increase at all. This will help out not only individuals with their insurance costs but also vehicle-based companies who are being urged to go green but are wary about their business insurance prices