Save More Green After Going Green with Cheap Car Insurance Rates

Chicago, IL (Vocus/PRWEB ) August 1, 2009 -– Now that the Cash for Clunkers bill, officially known as the Car Allowance Rebate System (CARS), is up and running, consumers can also find cheaper car insurance premiums than with their older vehicle. CheapCarInsurance.org gives the latest details on CARS and explains ways consumers can find cheap car insurance rates.

CARS, signed into law by President Obama on June 24, is the 2009 program that is aimed at encouraging consumers to trade in their older, less fuel-efficient vehicles for one that is more fuel efficient by providing a $3,500 or $4,500 credit. Although older vehicles are generally less expensive to insure because of their lesser value, consumers can find cheaper car insurance premiums through additional discounts.

Many insurance agents will offer up to a 10% discount or even cheaper car insurance premiums for hybrid owners. This additional discount is due to the way insurance companies view hybrid drivers. Insurance companies base their rates on risk. Statistically, hybrid owners fall into the “preferred insured category,” which means they will receive the cheapest car insurance quotes.

Hybrid owners fall into this category because they are typically more mature drivers who are less likely to be in an accident and file a claim. Statistically, hybrid owners are married men and women between the ages of 41 and 60 who are financially stable and responsible citizens. This formula equates to less risk for the insurance company and the cheapest car insurance quotes for the driver.

In addition to going green and saving some green by purchasing a hybrid, consumers can also take a few additional step to be more eco-friendly and save on their car insurance premiums. By switching to paperless billing, people can cut down on wasted paper use, which saves trees and the insurer money. Generally, the insurance company will pass these savings on by offering additional discounts for people who pay online or have their payments automatically withdrawn. Moreover, carpooling will cut down on an individual’s carbon footprint and they may find cheaper car insurance premiums as they cut down on their personal mileage.


Source

Motorists now spend longer looking for quotes

The average UK motorist spends two hours searching online for a car insurance quote, according to a survey by Swinton, the UK's leading high street retailer of car insurance.
The poll of 1,000 Swinton's insurance customers found that motorists are spending more time online looking for cheap car insurance, than they were doing this time last year. In May 2008 drivers spent on average one and a half hours to find an insurance policy.
Over recent years the length of time spent by motorists searching for a car insurance quote has dropped significantly, each year reducing by between five and fifteen minutes. This is the first time infive years that has seen this trend change, and Swinton is attributing the turn around on financial pressures caused by the recession.
Steve Chelton, Insurer Development Manager, for Swinton said:
"The increased use and availability of the internet has had a massive impact on the car insurance industry."


Source