“Our preliminary research indicates that hybrid owners tend to fall into the preferred insured category, and at Travelers, lower risk drivers are rewarded with lower premiums. Additionally, hybrid vehicle sales have at least doubled every year since the first car was offered in the U.S. in 1999. This trend shows no signs of slowing, and Travelers intends to serve this growing market with innovative products to meet the changing needs of our customers.”
“Industry experts predict that hybrids could make up nearly 15 percent of total registered vehicles within the next 10 years. Travelers' discount will provide further incentive for consumers contemplating a hybrid as it will help to offset the higher price of these vehicles. This is one more example of Travelers' commitment to being an innovator in the insurance industry with sophisticated pricing and a breadth of products that protect our customers' balance sheet.”
