Ah, technology…isn’t it great? Well, if you’ve ever tried to purchase car insurance for a hybrid or electric car, you know that this isn’t always the case. Unfortunately, auto insurance for technologically-advanced vehicles such as the Cadillac CT6 plug in hybrid can get very expensive. You would think that auto insurance companies would embrace this technology leap and give bigger discounts to people who drive such vehicles. Unfortunately, the exact opposite is the case. The fact that these cars need new, untested, and potentially more expensive parts means that your insurance company is going to hedge their bets and charge you more. Hopefully, though, the hundreds you save on gasoline can balance out the higher insurance costs associated with your Cadillac CT6 hybrid auto insurance premiums.
Strangely, although this hybrid vehicle is named after the Cadillac CT6, it actually shares a powertrain with the second generation of the Chevrolet Volt. This powertrain, due to the unique technological makeup, is manufactured in the US. It is then transported to an assembly plant in China for final Construction. The MSRP for the Cadillac CT6 hybrid starts at a little over $76,000 in the US. However, you should check with local and national laws to see if you can get tax incentives or other financial rewards for investing in this form of green technology.
Car experts are fascinated by the nature of the Cadillac CT6 hybrid. It produces greater torque then the V6 engine on the gas powered CT6, despite the fact that it is only a 4-cylinder engine. The gas engine alone averages 26 MPG, which is very efficient for an American car. Reviewers were impressed by its flashy exterior, comfortable and roomy interior, and the quiet engine that gives motorists an unexpectedly smooth ride.
From state-to-state, from city to city, from county to county, and even from zip code to zip code, insurance rates will vary considerably. Of course, some of this has to do with the fact that states are allowed to regulate their local insurance agencies however they wish. There are very few national laws that control how auto insurance agencies work. There are also different statistics calculating how risky and how safe it is to drive in certain areas. Obviously, the safer your zip code is considered by your auto insurance company, the less money you will have to pay on your monthly premiums.
Furthermore, the reason you need to compare quotes between different insurance agencies is because you will get a different price from each and every one of them. Some companies consider hybrid vehicles riskier than other providers do, and they will obviously quote you a higher rate. More forward-thinking agencies may want to encourage the purchase of hybrid and electric vehicles, or they may be receiving green energy subsidies which make it easier for them to offer you hybrid and electric vehicle insurance at an affordable price.
Since we’re on the subject of the difference between gas powered, hybrid, and electric vehicles, it’s important to point out and give examples of how different companies price their insurance policies for each one. In the chart below, you can see the variance with which different providers evaluate the risk of hybrid and electric vehicles compared to that of gasoline powered cars. This should help you dial it in on a company that can give you the most affordable rate.
As you can see, the need to compare quotes among different companies for a hybrid vehicle is even more necessary than regular cars, trucks, and SUVs. It may seem like finding an affordable monthly premium is an impossible task, but we assure you that it is not. We can even do most of the grunt work for you, so that you can focus on getting the policy you need. All you have to do is enter your zip code into our quote generator and you’ll get multiple quotes in minutes!