The original studies of “competitive authoritarianism” and “hegemonic authoritarianism” inspected the occurrence of hybrid regimes during the 1990s but stopped short of testing their propensity for democratic change. This article assesses the causal effects of hybrid regimes, and the post–cold war period itself, on regime breakdown and democratization. Using a dataset of 158 regimes from 1975 to 2004, and a discrete measure for transitions to electoral democracy, I find that competitive authoritarian regimes are not especially prone to losing power but are significantly more likely to be followed by electoral democracy: vigorous electoral contestation does not independently subvert authoritarianism, yet it bodes well for democratic prospects once incumbents are overthrown.