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Electric Vehicle Insurance Discounts Now Available!

Insuring Electric Cars

Electric cars are kind of awesome — they’re clean, quiet, and just really neat all around. A lot of them are even super cute and tiny and adorable. They are, however, not cheap (up front), despite subsidies available from governments around the world. Then there’s the question of insurance….

Fortunately (perhaps) for Americans, investment and insurance giant The Hartford is showing its support for electric (and hybrid) vehicle owners. Residents of Alabama, Arizona, California, Illinois, Kansas, Minnesota, Oklahoma, and Texas can now get a 5% insurance discount with a new EV, with the discount available to customers everywhere by the end of the year.

Green, Green, Green (or At Least Low Emission)

The Hartford has been offering discounts for hybrids for three years, and has been insuring renewable energy risks for the past twenty (although it will not insure Tesla’s $40,000 battery packs against owner-caused bricking). It started offering coverage for home-based EV charging stations around the same time it installed its own EV charging stations at its Hartford and Windsor locations.

The company met its greenhouse gas emissions reduction target of 15% in 2010 (commendable), and promptly proceeded to issue a new target reduction (20%) for 2017. Newsweek has labeled it the 12th greenest company in the United States.

And The Electric Motor Goes “…”

The point here is that insurance certainly isn’t a reason not to get an EV — in fact, cheaper insurance is another reason to get one.

The Clean Fleet Report estimates 100,000 electric vehicles will be sold in 2012. The Hartford is trying to corner the corresponding electric vehicle insurance market. Andi Napoli, the company’s president of Consumer Markets, is pretty optimistic about its chances and is happy to be doing it’s part to encourage greener driving:

“The Hartford is committed to environmental protection and we are delighted to encourage others to engage in the effort. This financial incentive is a small way we can thank our customers for helping to foster a greener environment. Together, our efforts will contribute to a more sustainable future.”

What do you think? Let us know in the comments, below.

Source: Business Wire
Image: Wikimedia Commons


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Written By

spent 7 years living in Germany and Japan, studying both languages extensively, doing translation and education with companies like Bosch, Nissan, Fuji Heavy, and others. Charis has a Bachelor of Science degree in biology and currently lives in Chicago, Illinois. She also believes that Janeway was the best Star Trek Captain.


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