Cars contribute a huge amount of greenhouse gas emissions to the environment which are resulting in catastrophic damage to the earth. Reducing our carbon footprint and being more eco-friendly is a more important than ever. Eco-friendly cars are also referred to as green cars, they are designed to reduce carbon emissions by emitting fewer harmful fumes into the environment. Green cars use less fuel and are often powered by both electric and oil-based fuel (known as hybrid) which is better for the environment.

Green cars in the UAE

The green car loan market in UAE has increased substantially over the past few years with several banks offering loans of up to Dh 1 million for customers looking to finance environmentally friendly vehicles. This as the UAE seeks to support green initiatives and improve transformation towards sustainability. Green or eco-friendly cars are known for more expensive than regular vehicles, and the banks of UAE aim to make these cars accessible to more people.

Is car insurance cheaper when you go green?

Choosing a green car not only has benefits on the sustainability of planet, you may also save money on your car insurance premiums. When you are looking for a new car insurance policy, insurers take into consideration the type of car, average mileage, engine size and type of fuel to give you a quote Several insurance companies offer savings to green car drivers due to the fact that these cars are generally smaller and less powerful, making them safer. You can save up to 5 % on your car insurance premiums by driving a green car.

Depending on the fuel source of your green car, you may need a specific type of insurance to make sure that you are covered. Several hybrid vehicles are powered by electricity (they need to be charged) as well as fuel, you should double check that you are covered for repairs or specialist parts which are specific to your green car. Green cars are becoming increasingly popular in Dubai and insurers are seldom hesitant to insure these cares.

If you are the driver of a green vehicle and are looking for more ways to save money on your insurance premiums, you could also reduce your mileage, look into increasing your agreed excess payment and drive carefully to insure that your insurer gives you the discount that you are after. Comparing green car insurance plans is also highly recommended so that you can find the right plan that fits your need and your budget.