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Buying an electric car will not just you save money on road tax but it could also slash the price of your insurance premium.

Paul Cosh, Managing Director of motorinsurance.co.uk, said most hybrid cars appear in the lower car insurance bands.

"Generally it is believed that electric and hybrid vehicles offer better fuel consumption, cheaper tax costs, and start in lower insurance bands, therefore reducing the overall running cost of the car," he explained.

In London for example, hybrid and electric cars are exempt from congestion charges and parking is free in many parts of the city.

Mr Cosh said the motor insurance industry was adapting to the challenges of the green revolution.

He added: "Today's growing environmental concerns lead me to hope that people are becoming socially responsible."

Electric cars cost an average of just 1p per mile to run, but will keep going for only 40 miles without a recharge.

Hybrids, meanwhile, move between petrol and electric power to control emissions, with electricity enabling travel at up to 20 miles per hour.

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