Discounts for hybrids now extend to insurance (CA)
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10-18-2005, 09:04 PM
Join Date: Apr 2005
Location: Orange County, CA
Posts: 174
Discounts for hybrids now extend to insurance (CA)
Discounts for hybrids now extend to insurance
By PEGGY LOWE
The Orange County Register
In latest incentive offered to &"green" buyers, Farmers will take 5 percent off California rates.
I wonder if Farmer's would be concerned about a FAS . . .
http://www.ocregister.com/ocregister...cle_719537.php
By PEGGY LOWE
The Orange County Register
In latest incentive offered to &"green" buyers, Farmers will take 5 percent off California rates.
Farmers Insurance Group’s announcement Monday that it is offering a discount to hybrid drivers is based on green thinking, analysts said, but it’s about the color of money.
A total of 54,164 people drive hybrids, according to the California Department of Motor Vehicles.
Analysts said it’s not unusual to offer better rates to good drivers. Hybrid buyers tend to be “concerned people” who don’t take many driving risks, said Eric Noble, president of CarLab, an auto research and design company based in Orange.
“It takes a stretch of the imagination to think an insurance company is going to be motivated by anything other than actuarials and money,” Noble said.
A total of 54,164 people drive hybrids, according to the California Department of Motor Vehicles.
Analysts said it’s not unusual to offer better rates to good drivers. Hybrid buyers tend to be “concerned people” who don’t take many driving risks, said Eric Noble, president of CarLab, an auto research and design company based in Orange.
“It takes a stretch of the imagination to think an insurance company is going to be motivated by anything other than actuarials and money,” Noble said.
http://www.ocregister.com/ocregister...cle_719537.php
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