Mid-America Catastrophe Services

Why The Cost of Insuring Your Hybrid Car Is Going To Rise

 Tuesday, August 17, 2010

 The Car Connection

We already knew that the quintessential hybrid car, the Toyota Prius, costs a little more to repair than non-hybrid cars. Now, the news gets worse: Insurance rates for hybrids are going to rise, probably at a faster rate than auto insurance premiums overall, according to Mitchell International's Industry Trends Report. The culprit is an evolution in the types of buyers for hybrid vehicles, which now represent about 3 percent of U.S. passenger vehicle sales. Ten years ago, only early adopters were willing to make the leap to this radical new kind of car.