Subscribe free to our newsletters via your
. Bio Fuel News .

Fuel Choices and How They Affect Car Insurance
by Staff Writers
Ames IA (SPX) Jan 25, 2013

Cleaner fuels make for a cleaner world.

Primary reasons for using biofuels such as ethanol or biodiesel are pretty well established: They provide a hedge against dependence on petroleum, and they burn cleaner than gasoline or diesel, leaving a smaller carbon footprint. Given those factors, it's reasonable to expect increased use of such fuels and the cars that can run on them.

What does that mean for car insurance? Right now, there's no blanket answer to that question. However, there is reason for optimism. Some carriers already provide discounts to policyholders who drive hybrid cars that run on gasoline and electricity - it's realistic to expect that automobiles powered by biofuels might ultimately qualify owners for similar breaks.

The best thing to do if you're using biofuels is to contact several providers and seek quotes on coverage, the same way you'd shop for a laptop or a suit or a bed.

It doesn't have to be hassle. Use a website such as to get multiple quotes from several providers - as well as help evaluating the estimates. An independent agent can explore the question further of how the fuel type will affect premiums.

Most carriers quote premiums based on a number of factors. Following are some of the factors that have an input into setting rates:

+ Where you live: Each state has different requirements, including minimum liability insurance requirements. That means premiums will vary as well.

+ Your driving history: If you have multiple violations, your carrier will consider you a greater risk than it would if your record were clean. Consequently, you'll pay more for coverage.

+ Your credit score: This one might seem nutty. But insurers say that a good credit score indicates a higher level of responsibility, which translates into a lower risk for them.

+ The type of car you drive: Obviously, the more expensive a car you drive, the more it will cost to insure it.

+ The type of coverage you want: Liability coverage is required in every state. Some states require uninsured/underinsured motorist coverage; others don't. Some coverages, such as comprehensive and collision, are always optional. The coverages you choose will affect your premium.

+ Your deductible: This is the amount you must pay before your policy kicks in. The deductible has an inverse relationship with your premium - the higher the deductible, the lower the premium, and vice versa. One thing to remember is that you'll need to be able to come up with the deductible if you have to file a claim.

The good news is providers offer a number of discounts, based on such factors as having anti-theft devices and airbags, as well as taking approved driver training courses.

These discounts vary widely by state and provider, so ask your agent to check into all the price breaks available. Keep it green, and hopefully you'll save some green, too.


Related Links
Bio Fuel Technology and Application News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Wind in the willows boosts biofuel production
London, UK (SPX) Jan 23, 2013
Willow trees cultivated for green energy can yield up to five times more biofuel if they grow diagonally, compared with those that are allowed to grow naturally up towards the sky. This effect had been observed in the wild and in plantations around the UK, but scientists were previously unable to explain why some willows produced more biofuel than others. Now British researchers have ident ... read more

Tri City Christian first Vista school to implement solar energy

Standard Energy Solutions Expands to Provide Comprehensive Home Solar, Energy Efficiency and Energy Management Services

Don't Keep Your Insurer in the Dark about Your Solar Panels

Swiss Make Major Breakthrough In Highly Efficient Thin Film Solar

Fuel Choices and How They Affect Car Insurance

US Secretary of Agriculture Tom Vilsack visits Renmatix for commissioning of plant to sugar BioFlex Conversion Unit

Photovoltaics beat biofuels at converting sun's energy to miles driven

Marginal lands are prime fuel source for alternative energy

Japan plans world's largest wind farm

China revs up wind power amid challenges

Algonquin Power Buys 109 MW Shady Oaks Wind Power Facility

British group pans wind farm compensation

Controversial Keystone pipeline passes another hurdle

Doubling Down on Energy Efficiency

Ecology minister rushes back to France over gas leak

China-Myanmar pipelines to open in June: Xinhua

United States lags in clean energy: study

Renewable energy on increase but 2030 target in doubt

First world atlas on renewable energy launched

Major cuts to surging CO2 emissions are needed now, not down the road

European collaboration to prepare European electricity networks for influx of electric vehicles

Does everyone think someone else should drive a green car?

Lexus to launch hybrid sedan in Japan, Europe

Jeep to build cars in China with GAC

British mackerel no longer sustainable fish: conservationists

Dietary shifts driving up phosphorus use

Amino Acid Studies May Aid Battle Against Citrus Greening Disease

Potential harvest of most fish stocks largely unrelated to abundance

Computer breakthrough: Code of life becomes databank

Kim Dotcom apologises for Mega bugs

World's Most Complex 2D Laser Beamsteering Array Demonstrated

Record high radiation level found in fish: TEPCO

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement