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Carbon offsetting and green car
insurance
Carbon offsetting is become
increasingly common as companies
look to mitigate their own
greenhouse gas emissions from
transportation, electricity use
and other sources. Carbon offset
schemes take many forms – from
planting trees to investing in
renewable energy – and they are
now offered by a number of car
insurance providers.
What is green car insurance?
There are many forms of green
car insurance including:
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Specialist green car
insurance companies
There are several providers in
the UK that now market
exclusively to environmentally
conscious customers.
These include ibuyeco, which
offers
a
£5 donation to an eco charity
for every policy purchased.
By 2011 ibuyeco aim to raise
over £1m for eco charities.
The Green Car Insurance Company
is another environmentally
friendly provider, which claims
to offset 100% of a car’s annual
emissions. Its initial carbon
offsetting project is for a new
forest to be planted at St Cyrus
near Montrose in
Scotland.
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Car insurance companies with
green schemes
Many mainstream car insurance
providers now offer schemes
aimed at green customers. These
include More Th>n, which offers
a ‘Green Wheels’ policy.
The More Th>n Green Wheels deal
places the emphasis on improving
an individual’s driving style to
make it more green. It provides
access to information such as
the rate at which they brake and
accelerate, the number of short
journeys they make and how long
they leave the car idling, to
help them become aware of the
environment when driving and
adjust their style
appropriately.
Other car insurance providers
may allow you to pay an
additional premium to contribute
to a carbon offsetting scheme.
Should you buy green car
insurance?
One option is to compare car
insurance quotes online with a
comparison website. If the cheapest quote you
receive isn’t from a provider
with a green scheme, then you
could choose to buy that policy
and use the money you save to
contribute to an environmental
project of your own choice.
For every Ibuyeco
policy purchased
a £5 donation to an eco charity
will be made–
all of their money none of
yours.
When
you buy a policy ibuyeco ask you
to choose from a selection of
charities for the donation to go
to, helping you feel good about
your car insurance.
Every 4 months
another 3 worthy eco-charities
will be chosen to replace the
existing ones. By 2011 ibuyeco
aim to raise over £1m for eco
charities.
Green Insurance Company
The Green Insurance Company
is for drivers who want to save
more than just money.
Some of the benefits included as
standard are:
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