Following the launch of the Stern review on climate change, online insurance provider, yesinsurance.co.uk, announced today that it is increasing its contribution to the UK's first cashback scheme to encourage greener driving, which it launched last month.
The new move sees the insurer now providing £50 to the scheme for each hybrid car driver that takes out insurance. Half of the £50 incentive is paid back to the driver of the hybrid vehicle, whilst the other half is donated to the carbon offsetting organisation Climatesure.
The increase in funding from its previous level of £40 is being backdated to benefit both Climatesure and those drivers who insured their hybrid vehicles when the scheme was launched at the beginning of October.
"We reckon that it costs around £25 to offset a year's emissions from an average family car, so we are now giving a £25 payment back to each hybrid driver who insures with us - plus we're giving the same amount to Climatesure," said Paul Purdy of yesinsurance.co.uk.
