Green cars ‘may not reduce insurance premiums’

Environmentally-minded drivers may be disappointed to learn that eco cars are not necessarily cheaper to insure, the British Insurance Brokers’ Association (Biba) has said.

Technical and corporate affairs executive at Biba Graeme Trudgill has advised drivers to look at what group their car is classed in to gauge an idea of how much it will cost to insure.

“If you are worried about the price of insurance you should look at the grouping on the car and not how green it is,” he said.

How eco-friendly the vehicle is not a “major factor” in car insurance, he added.

Mr Trudgill suggested that smaller motors are a cheaper option for those people worried about the price of car insurance, as they are cheaper to repair, are worth less and have a smaller impact on the environment.

Sales in environmentally-friendly hybrid cars have increased of late to account for three per cent of the total car market, HybridCars.com reported last month.

© Adfero Ltd

Leave a Reply

Your email address will not be published. Required fields are marked *