A hybrid is a type of environment-friendly car that is growing in popularity. This car has been first introduced to the Canadian market in 2000. The first hybrid car in Canada was the Honda Insight. This was followed by the Toyota Prius in 2001, Honda Civic Hybrid in 2002, and Chevrolet Silverado and Ford Escape Hybrid in 2005. Basically, a hybrid is a vehicle that is powered by a combo of electricity and gasoline.

One of the perks of owning a hybrid is that you can save a great deal on gas. Using one also means you're doing your part in saving the environment. But does owning a hybrid car costs less especially in terms of auto insurance?

Hybrid auto insurance

The cost of insurance for hybrid cars is neither consistently higher nor lower if you compare it with insurance for other car types across the country. This is probably because hybrids have not been around for a long time. Many insurance companies have no idea about the cases of theft and accidents regarding this type of car. Usually, insurers only take an educated guess when calculating the premium rates. In some places outside Canada, those who drive hybrids are given discounts. Auto insurance discounts given to hybrid car owners outside of Canada definitely caught the attention of local insurance companies. Well, who knows what's in store for the future of the hybrid car insurance?

Maintenance cost of hybrid cars

Many think that the maintenance cost of hybrid cars is very high. But this is not really true. Some hybrid manufacturers actually offer excellent warranties. Toyota's Prius, for instance, has an eight-year warranty.

When you shop for insurance for your hybrid car, you can use the Internet to save time, money, and effort. It is best that you compare first various quotes from different car insurance companies. Make sure that the insurance company you choose has a good track record.