Car Insurance - Electric cars on the cards - 05/08/2008

It is reported that many motorists would consider exchanging their regular petrol and diesel vehicles for a more eco-friendly electric motor.

It seems apparent that the general motoring public have become more aware of the negative effects that their cars are having on the environment. The onset of the credit crunch, causing the British public to tighten their purse strings, is also a contributory factor. Car insurance company Esure has discovered that when motorist under 25 were asked if they would make the switch the “figure was as high as 81%”.

The electric car has many benefits. It is claimed that they are so cheap to run that you “recoup the purchase and running costs within a year”. You are also entitled to “free parking, exemption from road tax, exemption from the congestion charge and a low insurance group”, according to the GoinGreen website.

The obvious benefits to driving an electric car could soon see an increase in car insurance policies on electrical vehicles. Many popular insurance companies already have these policies and special discounts in place.

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