The type of vehicle on the policy is a significant factor that determines whether or not you find low-priced insurance for hybrid vehicles. Vehicles with high performance features, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer models.
The next table ranks auto insurance rates for a selection of the cheapest vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,696|
|Dodge Grand Caravan Hero||$1,751|
|Honda CR-V LX 2WD||$1,817|
|Honda Odyssey EX-L||$1,842|
|Hyundai Elantra GLS 4-Dr Sedan||$1,850|
|Ford Edge SE 2WD||$1,867|
|Chevrolet Malibu LTZ||$1,875|
|Chevrolet Equinox LTZ AWD||$1,885|
|Toyota Corolla XRS||$1,875|
|Ford Fusion Sport 4-Dr Sedan||$1,883|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,875|
|Honda Civic GX 4-Dr Sedan||$1,933|
|Hyundai Sonata SE 4-Dr Sedan||$1,969|
|Kia Optima SX||$2,002|
|Toyota Camry Hybrid||$2,012|
|Toyota Tacoma Double Cab 4WD||$2,010|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in zip code location which can influence auto insurance rates significantly.
Looking at the data, we can assume that models like the Ford Escape, Dodge Grand Caravan, and Honda CR-V are most likely to be the most affordable vehicles to insure for hybrids.
Finding reliable, low-priced car insurance is not the easiest thing to accomplish, and finding out which companies offer the lowest-priced insurance rates for hybrid vehicles takes more quotes for comparison. Every car insurance company has a different process to determine premium rates, so we need to take a look at the most competitive insurance companies in Seattle, WA.
Keep in mind that Seattle insurance rates are calculated based on many things that will increase or decrease the price you have to pay. This price fluctuation is why consumers need to shop around with many companies when trying to find the best insurance quotes for hybrid vehicles. Insurance rates can be altered by many things and change frequently, so the most economical company the last time you compared rates may now be an over-priced policy.
Cheap Insurance Rates for Hybrids
|Rank||Company||Cost Per Year|
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Capital may offer some of the cheapest car insurance rates in Seattle at around $754 a year. This is $658 less than the average policy premium paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers also are some of the cheapest Seattle, WA insurance companies.
As the rates illustrate above, if you are a policyholder with PEMCO and switched to Capital, you could realize annual savings of in the neighborhood of $240. Policyholders with Travelers might save as much as $254 a year, and The Hartford customers might cut rates by $294 a year.
These estimates are averages for all insureds and vehicles and and are not figured with an exact zip code location for hybrid vehicles. So the company that fits your age and vehicle best may not even be in the list above. That point stresses why you need to get car insurance quotes using your own specific driver and vehicle information.
One of the more important components that aid in calculating the annual cost of car insurance is where your residence is in Seattle. Larger areas tend to pay slightly more, whereas areas with less people or fewer weather incidents profit from lower rates.
The table below shows the most expensive places in Washington for hybrid vehicles to purchase auto insurance in. Seattle is ranked #6 with a yearly premium of $1,363 for car insurance, which is around $114 per month.
|Rank||City||Average Per Year|
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Information shown are approximated as the vehicle garaging location can alter auto insurance rates significantly.
Discounts on Seattle auto insurance
Auto insurance companies that sell policies for hybrid vehicles may also give you price discounts that can reduce rates by 30% or more if you meet specific criteria. A list of companies and a summarized list of policyholder discounts can be read below.
- State Farm discounts include Steer Clear safe driver discount, multiple policy, good driver, student away at school, accident-free, and passive restraint.
- Progressive may offer discounts for multi-vehicle, good student, multi-policy, homeowner, continuous coverage, and online quote discount.
- Progressive includes discounts for homeowner, multi-vehicle, multi-policy, good student, continuous coverage, and online quote discount.
- MetLife may have discounts that include accident-free, claim-free, multi-policy, good student, good driver, and defensive driver.
- Farm Bureau has savings for driver training, multi-vehicle, multi-policy, good student, renewal discount, youthful driver, and safe driver.
- GEICO has discounts for daytime running lights, federal employee, multi-vehicle, emergency military deployment, and anti-theft.
- SAFECO offers discounts including anti-lock brakes, anti-theft, safe driver, teen safe driver, and multi-car.
The chart below shows the comparison of auto insurance rates with and without discounts applied to the premium. The data is based on a male driver, no accidents, no driving violations, Washington state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple vehicle, defensive driving course, homeowner, accident-free, vehicle safety, and safe-driver discounts applied. When these discounts are applied, theamount saved on insurance for hybrid vehicles is 27% or $472.
Drive safe and save
In a perfect world, the best way to score good insurance prices for hybrids is to be an attentive driver and not get tickets or have accidents. The chart below demonstrates how citations and at-fault collisions can affect insurance prices for different age categories. The premiums assume a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
The data above shows the average cost of an auto insurance policy in Seattle per year with no accidents and a clean driving record is $1,553. Get two speeding tickets and the average cost surges to $2,054, an increase of $502 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of insurance for hybrid vehicles jumps again to an average of $3,906. That’s an increase of $2,353, or $196 per month, just for a couple of infractions!
Why you should shop around
Washington insurance rates are determined by lots of factors which can substantially change the price you have to pay for coverage. Improving your credit score, increasing deductibles, or getting a reckless driving citation may generate price changes that can make some companies cheaper than competitors.
And not only may your rating factors change, but car insurance companies amend premium rates multiple times each year to ensure their profitability. Higher than normal claim frequency or severity may result in price increases, while profitable underwriting may result in lower-cost Seattle car insurance rates.
The bar chart below shows the companies that have the cheapest car insurance in Seattle, WA for a 35-year-old male driver with no accidents or violations, and a decent credit rating. If we estimate prices based on his current risk profile, Capital might offer the most affordable car insurance rates in Seattle at $1,041 annually. This is $371 less than the average rate paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers are also included in the most affordable Seattle, WA auto insurance companies.
Let’s now give the driver in the first chart a chargeable accident, a lower credit rating, and a traffic citation. Since each auto insurance company has their own unique process for setting prices, comparing rates could now result in a different set of the cheapest companies as shown below.
USAA now has the lowest car insurance rate in Seattle with Mutual Enumclaw, Chubb, Allied, and California Casualty also being competitive. This demonstrates why consumers need to take the time to take the time to shop around to get the cheapest auto insurance quotes for hybrid vehicles.
Prices are influenced by many things and can change without notice, so the cheapest option the last time you checked may now be quite expensive.