While green car drivers may like to boast of the environmental credentials of becoming eco-friendly, there’s another strong incentive for thinking green – more cash in your hand. However, one aspect of going green may not offer the financial incentives you can enjoy from driving a more fuel efficient vehicle.
According to research from a comparison website, eco-friendly car insurance can cost over 105 per cent more than regular car insurance.
To illustrate the point, it found that quotes for the Honda Civic Hybrid ranged from just £342 with Swiftcover, to £389 with CIS and a whopping £701 from Green Insurance.
CIS is one of the cheapest green car insurers on the market and promises to offset 20 per cent of carbon emissions by investing in reforestation and renewable energy sources.
However, the message to drivers looking for a green car insurance policy is clearly to shop around. It could be a better option to take out the level of cover you require at the cheapest price with a more conventional insurer and then using the money saved to put towards an environmental scheme of your own choice.
If you’d like more information on green car insurance, check out our guide.
