From a claims severity and frequency perspective, hybrid vehicles represent a more costly overall risk to insure than their gas only powered cousins, according to Greg Horn, Mitchell International Inc.'s VP of Industry Relations.
Horn’s comments are based on the company’s third quarter 2010 edition of its Industry Trends Report (ITR). The report indicates that hybrids have a 6.5% or $182 higher average claim severity than gas-powered counterparts.
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