Registered hybrid vehicles increase 36 percent in nine months in Massachusetts
Massachusetts drivers are voting with their rides. According to the insurance company Travelers of Massachusetts, the number of hybrid drivers in the Bay State rose 36 percent in the last nine months. The numbers, from the state's Registry of Motor Vehicles, show that there are 22,353 registered hybrid cars on the roads in Massachusetts today, compared to 16,477 last July. That's an increase of 5,876 hybrids, or about 653 a month. One reason Travelers is paying attention to these numbers is because they offer a hybrid driver's discount (up to ten percent) for vehicles and drivers in Massachusetts. Of course, the national company offers hybrid discounts to drivers around the U.S., and you can find out if you qualify at the Hybrid Travelers website. Details after the jump.
The number of hybrid drivers in Massachusetts jumps 36 percent in less than a year
Travelers of Massachusetts offers key discounts for those driving environmentally-friendly vehicles
WORCESTER, Mass., May 22, 2008 – Massachusetts drivers are increasingly going green as the number of registered hybrid vehicles in the state has increased by 36 percent during the past nine months. The timing couldn't be better for those drivers as the state's new managed competition system for auto insurance allows them, for the first time in state history, to take advantage of auto insurance discounts created especially for hybrid drivers from insurers such as Travelers of Massachusetts.
According to the state Registry of Motor Vehicles, there are currently 22,353 registered hybrid cars in Massachusetts, up from 16,477 in July of 2007, for an increase of 36 percent. Hybrid cars are generally defined as vehicles that use gasoline and an alternative fuel source such as electric or fuel cell.
Travelers introduced the hybrid discount option to stay ahead of one of the fastest-growing markets in the industry. Providing the right insurance solutions that are in-synch with today's environmentally conscious individuals is one way Travelers of Massachusetts is meeting the needs of its customers.
"Travelers of Massachusetts is pleased to offer a discount up to 10 percent on auto insurance to Massachusetts' hybrid drivers," said Dick Welch, president of Travelers of Massachusetts. "Ever since Travelers wrote the nation's first automobile policy back in 1897, the company has been committed to meeting the evolving needs of the consumer with innovative insurance products. Protecting the environment and conserving natural resources are important principles to us and Travelers of Massachusetts is proud to do our part to encourage the use of fuel efficient vehicles."
To learn more about the hybrid discount, Travelers has launched a Web site specifically for hybrid enthusiasts at www.hybridtravelers.com. The site features federal and state incentives for hybrid owners and information on how to take advantage of the hybrid discount.
Travelers of Massachusetts is the "umbrella" brand name for all personal insurance policies issued by a Travelers company in Massachusetts. Homeowners policies are written by The Phoenix Insurance Company, The Travelers Indemnity Company, The Standard Fire Insurance Company, and The Travelers Commercial Insurance Company. Auto policies are written by The Premier Insurance Company of Massachusetts, an independent, single-state subsidiary of The Travelers Indemnity Company. For more information, visit www.travelersma.com.
Travelers understands that life and business are inherently dynamic and that the best way to serve agents, brokers and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurance company selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of insurance coverage in both the personal and commercial settings, including auto, homeowners, construction, small business, oil and gas, ocean marine, surety and management liability, global technology and public sector services. Travelers is a Fortune 100 company, with 2007 revenues of $26 billion and total assets of $115 billion. The company has approximately 33,000 employees.
[Source: Travelers via PAN Communications, Inc.]
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