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Issue: 2006-09-18 Travelers of N.J. Offers Premium Discount for HybridsPARSIPPANY, N.J., September 18 – New Jersey hybrid owners are eligible for a 10 percent discount on auto insurance offered by Travelers of New Jersey. The company noted that, earlier this year, it became the first auto insurance company to offer a discount to hybrid drivers on a national level, and has since been rolling out the discount state by state. So far the company has made the discount available in 39 states, most recently New York, Maryland, Florida, Kentucky and Washington. The discount, Travelers said, comes on the heels of Governor Jon S. Corzines announcement last spring that the New Jersey Turnpike Authority will allow hybrid vehicles to travel in the Turnpikes High Occupancy Vehicle (HOV) lanes. With the added bonus of driving solo in the HOV lane of the turnpike, it is apparent New Jersey is taking noticeable measures to extend the popularity of hybrid vehicles throughout the state, said Phyllis Forsyth, president of Travelers of New Jersey. We salute this spirit of forward-looking innovation and will continue to develop products and services that evolve to fit the changing needs of our New Jersey customers. Greg Toczydlowski, senior vice president of product management for Travelers Personal Insurance, added, Our preliminary research indicates that hybrid owners tend to fall into the preferred insured category, and at Travelers, lower-risk drivers are rewarded with lower premiums. And considering the growth potential of the hybrid marketplace, we want to be well positioned to meet its needs. For more information, visit www.travelers.com. |
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