More and more businesses are opting to use hybrid company cars as part of their fleet vehicles. There are many advantages for choosing an electric or hybrid business car. If your business is London-based, your hybrid business cars are not subject to the Congestion Charge. Hybrid company cars are cheaper to run because petrol costs more than electricity. Businesses with hybrid cars as part of their fleet can expect to save 15-30% fuel per mile per car compared to conventional vehicles. Hybrid and electric company cars are also cheaper to tax. The price of tax is determined by the car’s fuel type and emissions. Lower emissions means lower tax. If your hybrid company cars emit less than 100g/km of , you pay zero tax.
The downside to hybrid and electric company cars is that they are expensive. A plug-in hybrid version of a conventional car is often several thousand pounds more expensive. This cost is justified by how expensive green technology is to develop. However, given the price tag and the specialist nature of the equipment, insuring hybrid cars is more expensive. Insurers are keenly aware of how expensive hybrids are to repair and increase premiums accordingly.
At Keith Michaels we insurance a variety of specialist vehicles, including Electric & Hybrid Business Cars. Whether your business uses plug-in hybrids or fully electric company cars, at Keith Michaels we compare the widest range of business car and fleet insurance policies to give you the most competitive price.
Get in touch with one of our company car insurance specialists today to discuss you options for hybrid business car insurance. We can help you find the insurance that you need, whether that’s motor fleet insurance, insurance for leased cars or individual policies. Our experts will guide you through all the options and find the right insurance for the right price.