Hybrid Car Insurance

Hybrid cars have become increasingly popular in Australia due to their eco-friendly and fuel-efficient nature. As these eco-conscious vehicles take to the roads, it's essential for owners to understand the ins and outs of hybrid car insurance.

You can compare a range of car insurance quotes for your hybrid vehicle online, helping to give you more choice when searching for a suitable deal. Get the process started with a free, no-obligation quote today.

Providers you can compare

How much does car insurance cost for a hybrid vehicle?

The cost of car insurance for a hybrid vehicle can vary based on several factors, similar to traditional petrol-powered cars. Hybrid car insurance premiums are influenced by elements such as the following:

• The make and model of the vehicle: the type of car you own and its value will play a major role in determining the cost of your insurance
• Your age and driving history: younger, less experienced drivers and those with a history of claims and/or accidents are likely to pay more for coverage
• Where you live and park: the city and suburb you live in will have a say in determining costs, such as whether you’re in a capital city or out in the country, as well as whether your car is parked in a garage or on the road
• Level of cover you buy: comprehensive car insurance is the most expensive type of cover, costing more than third party fire and theft or third party property damage
• How you use it: if you’re on the road often or use it for business, you can expect to pay a higher premium than someone whose usage is comparatively low

Hybrid cars are considered environmentally friendly, which may lead to discounts, also known as green or low emissions discounts, from some insurance providers. These discounts are offered to encourage eco-conscious driving and ownership of hybrid vehicles. Additionally, the advanced safety features typically found in hybrid cars may also contribute to lower insurance rates, as they can reduce the risk of accidents.

While some insurers may offer discounts, it's essential to note that hybrid vehicles might also have higher repair costs due to specialised components and technology. Consequently, this could potentially affect the cost of insurance premiums for certain models.

Does car insurance cover charging equipment for plug-in hybrid electric vehicles?

In Australia, car insurance generally doesn’t cover the charging equipment for plug-in hybrid electric vehicles (PHEVs). Comprehensive car insurance is the most extensive type of coverage available and typically includes protection for a range of events occurring to your car and certain items in your vehicle at the time of the claimable incident.

There are select insurers who may be able to cover certain damage to charging equipment for electric vehicles, such as charging cables, wall boxes and adaptors, but whether these can apply to your PHEV will depend on their terms and conditions.

Because of this, it’s essential to review your car insurance policy options and confirm whether charging equipment coverage is included. If you have any doubts or need clarification about the coverage for your PHEV's charging equipment, it's worth reaching out to insurance providers directly. They can explain the details of your policy and address any questions you may have regarding coverage for charging equipment or any other specific features of your car insurance policy.

Types of car insurance

Third party property damage (TPPD)

The most basic type of optional cover available, TPPD insurance can offer protection for damage caused by your vehicle to other people's property. However, no damage to your vehicle will be covered.

Third party fire and theft (TPFT)

A step up from TPPD, TPFT insurance can also cover damage to your vehicle sustained due to a fire or theft (or attempted theft) in addition to third-party property damage if you're in an at-fault accident.

Comprehensive

The most extensive (and expensive) form of cover, comprehensive car insurance can also offer cover for damage to your vehicle in an accident, collision and certain weather events on top of the areas TPFT covers.

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