Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Farmers Offers First Hybrid Discount, in Calif.

October 20, 2005

The Farmers Insurance Group of Companies announced this week it is the first in the U.S. to offer an insurance discount to customers who own a hybrid or alternative-fuel vehicle. The discount amount will be 5 percent for auto customers in California.The discount, effective October 1, 2005, is for all customers who own a hybrid or alternative-fuel vehicle. All new business customers will receive the discount as of the new business date, and existing customers will receive the discount upon renewal.According to R. L. Polk & Co, a firm that collects and interprets automotive information, California tops the list for the number of registered hybrid vehicles in the U.S. In 2004, over 25,000 hybrid vehicles were registered in the state of California -- a 102 percent increase over 2003. The use of alternative-fuel vehicles -- vehicles that utilize biodiesel, electricity, ethanol, hydrogen, natural gas, and propane -- has also increased in California from 66,366 vehicles in 2001 to 77,761 vehicles in 2003.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

In the U.K., a lease financing arrangement between an individual and the leasing company, typically used for employees of companies who receive a monthly car allowance as part of their remuneration package.

Read more

Up Next

More From The World's Largest Fleet Publisher