Eco-Friendly Insurance Policies on the Rise

Discounts on hybrid car coverage and extra funds to rebuild with sustainable materials are just two ways that the insurance industry is encouraging green mindedness from policy holders. The trend brings savings to the companies while boosting environmentally sound behavior by consumers.

Car insurance policies are shifting towards rewards for less driving and less fuel consumption. The industry is tapping “green” consumers for being eco-friendly, which also translates into less risky to insure. Hybrid drivers, for instance, are seen as more conscientious consumers and lower risk to insure.

Homeowners who suffer property loss can find extra funds to rebuild green, replace renewable energy systems or get a discount to insure an existing home built to green standards.

Read the full scoop at Insurance Goes Green and New Combatant Against Global Warming: Insurance Industry.

Via BusinessWeek