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4 Things to Consider Before Buying a Hybrid Car

Pump filling up hybrid car Pump filling up hybrid car

Hybrid gasoline-electric cars offer great fuel efficiency, but sales have suffered in recent years because of low gas prices.

Decreasing crude oil reserves and concern over air pollution from combustion engines are expected to increase the demand for hybrids in the near future.1 In the meantime, car manufacturers are looking for new ways to attract buyers.

Some manufacturers are changing the hybrid's image. They want it to be known as a car that's fun to drive as well as practical. An example of this trend is the 2017 Chevrolet Malibu Hybrid. By combining a powerful engine with high fuel efficiency, the car won a first-place ranking among midsize hybrids from U.S. News & World Report.2 

Here are four things to consider before buying a hybrid:

1. Used Cars Offer Better Values

If you can't afford a new hybrid, consider buying a used one. Like all cars, hybrids begin losing value as soon as they're driven away from new car dealerships. Vehicle history reports offered from companies like Autocheck and Carfax allow consumers to track service records and rule out vehicles that have performed poorly.3

2. Fuel Efficiency Varies Among Drivers

Autotrader points out that hybrids are at their most economical while driving at low speeds and in stop-and-go traffic.4 If you primarily drive on the freeway, your fuel savings may be reduced.

3. You May Get a Tax Break

Newly purchased plug-in hybrids may be eligible for a federal income tax credit of up to $7,500.5 State and local tax incentives also may apply.

4. Insurers May Give You a Discount

Buying a hybrid can lead to reduced car insurance costs. Some insurers have determined that hybrid drivers have a reduced risk of being involved in accidents.6

Sources:
1 http://www.sbwire.com/press-releases/hybrid-cars-market-new-research-report-2024-819476.htm

2 http://usnews.rankingsandreviews.com/cars-trucks/chevrolet/malibu-hybrid#full-review
3 https://www.edmunds.com/car-buying/tips-for-used-hybrid-car-shopping.html
4 http://www.autotrader.com/car-shopping/why-do-hybrid-cars-get-such-great-city-gas-mileage-229434
5 http://www.fueleconomy.gov/feg/taxevb.shtml
6 https://www.edmunds.com/fuel-economy/the-real-costs-of-owning-a-hybrid.html

More Tools & Resources

Used car for sale

Should I Buy a New or Used Car?

When comparing the benefits of buying a new vs. used car, consider the reasons for the purchase.

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5 Tips for Buying a New Car

It's tempting to buy a new car that looks great and is fun to drive, but you should also consider safety and insurance costs.

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Is it Better to Lease or Buy a Car?

When evaluating whether it is better to lease or buy a car, here are some things you should consider.

See All Travelers Garage Content


Related Links

  • Should I Buy a New or Used Car?
  • 5 Tips for Buying a New Car
  • Is It Better to Lease or Buy a Car?

Related Products & Disounts

Liability Coverage

Bodily injury and property damage liability coverage provides compensation for injuries to others, your legal expenses and damage to others' property if you cause an accident.


Comprehensive Coverage

This covers non-collision related damage to your vehicle, such as theft, fire or animal strikes.


Roadside Assistance

This coverage provides and pays for covered towing and labor costs if your vehicle breaks down.


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The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any of our policies. You should read the policy for a complete description of coverage. Coverage options, limits, discounts, deductibles and other features are subject to individuals meeting our underwriting criteria and state availability. Not all features available in all states. Discounts may not apply to all coverages and/or vehicles. 

Insurance is underwritten by The Travelers Indemnity Company and its property casualty affiliates, One Towers Square, Hartford, CT 06183. In TX: Automobile insurance is offered by Travelers Texas MGA, Inc. and underwritten by Consumers County Mutual Insurance Company (CCM). CCM is not a Travelers Company. In CA: Travelers Commercial Insurance Company, One Tower Square, Hartford, CT 06183. Certificate of Authority # 6519; State of Domicile: Connecticut and Travelers Property Casualty Insurance Company, One Tower Square, Hartford, CT 06183. Certificate of Authority # 6521; State of Domicile: Connecticut. In CA: Boat and Yacht insurance is underwritten by The Standard Fire Insurance Company, One Tower Square, Hartford, CT 06183, Certificate of Authority #0335-0, State of Domicile: Connecticut.©2017 The Travelers Indemnity Company.