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Being environmentally conscious could lead to saving on insurance quotes

Posted On Wed, December 16, 2009

People who are looking for discounts on insurance quotes should keep in mind that being environmentally conscious could lead to savings.

Recently, the Insurance Information Institute released a list of environmentally-friendly insurance products, which ranged from auto to home insurance. For example, some companies may offer drivers a discount through a pay-as-you-drive program, which would charge people based on the amount they drive. Insurance companies may also offer discounts to people with hybrid cars.

People looking for home insurance may also received discounts based on how environmentally-friendly their houses are. Some policies also offer options for replacing damaged parts of a house with more eco-friendly options.

"Insurers have become good corporate citizens by creating important new green insurance products and services to reflect changes in society," Loretta Worters, vice president of the III, said.

Recently, President Barack Obama said he is encouraging Congress to pass measures that would provide incentives to homeowners who retrofit their house in order to be more environmentally friendly. Furthermore, he is looking to turn recovery act funding toward the creation of more green jobs in the country.

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