Pay Per Drive Insurance

Are you aware that some of the largest insurers are now offering green insurance for your home and automobile? It’s a very intriguing proposition, and not as difficult to understand as you might imagine.

Actually, green auto and home insurance is quite simple to grasp. Let’s start with green insurance for your home. Green homeowner’s insurance is a policy that will pay homeowner claims for repairs, etc. using green materials to rebuild or restore your home.

Green auto insurance rewards owners of hybrid cars and consumers who limit their overall driving by offering discounts. It is believed that hybrid car owners tend to be more conscientious when it comes to the maintenance of their automobiles and driving in general. While car insurance companies have traditionally reduced rates for customers who drive less, the green insurance rates are a greater reduction than in the past.

You might think that it is really great of these companies to offer discounts and special policies to customers with a green conscience. While it can be very worthwhile for the green-conscious consumer, it is also worthwhile for the insurance company. Consumers who will purchase green insurance have a tendency to be “deeper pocket” consumers who are often willing to purchase other types of green insurance in addition to auto insurance and homeowners insurance. For instance, there are insurers who now offer energy policies to consumers who produce their own power off grid through solar, wind, or geothermal process. These policies insure the policy holder against failure of their energy generation systems. In the event of such failure, the insurance company will pay the cost to buy power elsewhere, fix the equipment and bring it back online.

Homeowner’s green insurance policies almost all add extra cost to premiums to guarantee repair or rebuilding with green materials. This makes the insurance more profitable to the insurance company. As mentioned earlier, most insurers have been offering discounted pricing to customers who drive fewer miles. However, the green policies generally add a stringent regulation and monitoring practice to receive the larger reductions. Many insurers require monitoring of actual miles. This can be achieved using GPS technology. Some car makers are including easy methods for monitoring mileage in their vehicle design. Some insurers even have special devices that can plug into a port and transmit mileage data to the insurance company directly.

If you are a particularly green-conscious consumer, it is certainly advisable that you speak to your insurer about the many insurance options that are out there in the area of green home insurance. In the event of damage occurring to your home, you are likely to seek out green solutions for repair and restoration in any event. It simply makes sense to have this option included as part of your homeowner’s policy. The same common sense applies to your car insurance, also. If you own a hybrid car or are thinking of purchasing one, why not take advantage of the discounts an insurer can offer you for making this choice? As well, if you are dramatically reducing your auto mileage and biking, walking, or car-pooling instead of driving, it makes good sense to have your mileage monitored for significant green insurance reductions.

To learn more about ways to go green, save money and help the planet, go here: www.FreeTipsForGoingGreen.com