Oct 28, 2015
More and more people are swapping out their gas guzzling vehicles for electric and hybrid vehicles. Opting for a vehicle that does not depend on gas to get going can not only help you reduce your carbon footprint, but can also help you save money when it does come time to fill up.
Before you run out and swap out your car for an electric or hybrid model, there are certain considerations to keep in mind to ensure that it is the best choice for you. The two main considerations include:
Incentives: many electric vehicles, including the Nissan Leaf, will qualify you for a federal tax credit that can help to put some money back into your wallet. However, the tax credit may not be as straightforward as you think. Instead of getting a check when you purchase the car, you will only see the savings come tax time. If your tax liability does not meet the $7,500 credit, you will not be able to qualify. Also, you will have to purchase the vehicle, not lease it, in order to enjoy the credit.
Car Insurance: no matter if you have an all-gas vehicle or a hybrid, you will have to invest in a car insurance policy to meet your needs. Keep in mind that you should always shop around to find the best deal on your coverage. Working with an independent agent will help to make the process much easier.
Contact Gateway Professional Insurance Services in Vacaville, California for all of your auto insurance needs. As an independent insurance agency, we will work closely with you to make sure that you have the protection that you deserve, all at the right price to fit your budget.
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