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Sunday, January 08, 2006

Insurance discount for hybrid car owners complementing tax credits

US tax regulations offer up to 10 percent tax breaks for the users of environmentally cleaner technologies which according to Consumer Reports can save up to $4,000 for consumers running cars utilizing entirely alternative fuels.

Along those lines - Travelers, one of America's oldest insurance companies now offers hybrid car owners a 10 percent discount on their auto insurance. It is related to the actuarial pragmatism assuming that hybrid car owners are typically lower risk drivers.

As a side note - the US government is also offering tax discounts to homeowners utilizing energy saving materials such as energy efficient windows.

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