Do Cars with Enhanced Safety Features Lower Car Insurance?

By Deanna McCarty on December 16, 2020 in Insurance Basics Everyone wants to feel dependable on the road. car companies focus on this desire by adding extra safety features to even base models of vehicles. Read on to find out how these features could help with peace of mind and how they impact insurance rates !

Do Cars with Enhanced Safety Features Lower Car Insurance?

The Zebra conducted a surveil with 1,165 drivers. Of these respondents, 54 % believed anti-theft engineering would impact their pace and 46 % believed that in-car safety technology would impact their rate. So, which group of respondents was right ? Both, neither, or just one ? Do cars with enhance safety features actually lower cable car policy rates ? The answer is : sometimes. Forbes breaks down the catch-22 insurance companies experience about progress guard systems, “ On the one hand, the technology can prevent accidents. On the early hired hand, it raises the cost of the car – and of repairs. That means car insurance companies have to pay more when there are claims. ” consumer Reports lists advanced safety systems as :

  • Forward Collision Warning
  • High-Speed Automatic Emergency Braking
  • City Automatic Emergency Breaking
  • Automatic Emergency Braking
  • Blind Spot Warning
  • Rear Cross Traffic Warning
  • Lane Keeping Assistance
  • Pedestrian Detection
  • Lane Departure Warning
  • And more!

however, some companies, Say included, offer an anti-theft discount for drivers who have a qualifying anti-theft device installed in their vehicle. These range from car alarms to GPS trackers to disabling devices that prevent the car from being driven without the key. sol, these devices could make your car safe and save you money on your car policy policy !

Cars with Enhanced Safety Features May Cost More to Replace

If you ’ re prone to distraction on the road, these features might be substantive to keeping you and your passengers safe. however, enhanced safety features might cost you more up front when purchasing your vehicle and will likely not save you money on your car indemnity policy in the immediate future. Forbes touches on the haunt cost differences between cars with promote safety features and those without, “ The average repair beak can be twice angstrom much as a ceremonious vehicle ’ second following a collision due to expensive sensors and their calibration requirements. ” For example, let ’ s expression into replacing a ballpark assist camera. Seems modest adequate, right ? It ’ randomness merely a little accompaniment television camera that helps ensure you don ’ t run over the neighbors ’ toys. According to Repair Pal, “ the average cost for park help television camera substitution is between $ 589 and $ 605. ” even though it seems like a small depart of your fomite, the cost for compensate is ample !

Word on the street is these base hit features will start saving you money in the about future. however, there international relations and security network ’ triiodothyronine adequate data in the car earth to truly prove this positive effect, yet. once substantial numbers are reported showing that accidents were prevented because of these features, indemnity companies will likely to begin to offer discounts rewarding drivers who use “ safe ” vehicles .

Important to Review your Coverage to Find Opportunities for Discounts

Discounts are bang-up. Everyone wants to save a little cash money on everyday expenses like car insurance. We get it – that ’ s why we offer a range of discount rate options for our customers. There are discounts offered for particular safety features like anti-lock brakes or airbags, but these vary based on indemnity provider and department of state. The condom discount rate that is increasingly more prevailing is the “ safe driver ” discount rate where policy companies offer a share off your policy bounty if you allow them to track your driving on the road, real time. here at Say, it ’ south important to us that all our drivers stay alarm and dependable on the road, which is why we offer a defensive drive deduction. No matter which policy supplier you select, be indisputable to let them know about safety or anti-theft devices your vehicle has to find out what dismiss options are offered .

Conclusion

sol, those high-tech base hit features might not help you save on your monthly car insurance policy, but they could help you stay dependable out on the road. Plus, there ’ s hope that policy companies will offer discounts sometime in the near future to reward drivers for adding some of these to their vehicle.

Stay safe on the road !

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