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Wednesday, May 2, 2012

Hybrid cars will save you money in fuel – but what about insurance?


That hybrid car might save you a lot of money in fuel – but you’ll probably wind up pumping your savings back into the car...  

Hybrids typically cost more to insure than the average automobile. Not because they’re hybrid – but because they’ve got qualities common among smaller and more expensive cars, resulting in higher premiums. 

The characteristics of a hybrid driver also come into play. Typically, they are trying to save money on long daily commutes – which adds wear and tear on the car and increases the odds for accidents. 

Hybrid maintenance can get costly too. Advanced problems usually need to be fixed by a trained hybrid mechanic at the dealer – and a hybrid battery could set you back two to three thousand dollars – plus labor.

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