Car safety is always paramount, nobody wants to get injured in an accident, after all. But with all this new car safety technology, is there an added side effect? Could your car insurance premiums get lower? We’re taking a look at some of the newest car safety technology and how it might be able to lower your insurance premiums.
The History of Car Safety Tech
Whilst we’re going to be making a few guesses about changes in the insurance industry in the future, what’s totally clear is that car safety technology HAS improved road safety in general. Technology that’s fairly standard these days, such as air bags and stability control, have statistically made driving safer in most Western countries. Traffic fatalities have dropped in the US, for example, by almost a third in the last decade, partially thanks to car safety tech that’s standard on new vehicles.
Air bags might be standard when it comes to car safety, but what about new technology? What kinds of car safety technology are going to protect us in the future?
New Car Safety Tech: Park Assist, LDW, and More…
Park assist is probably one of the biggest recent developments. Having a backup camera (a camera that shows you what’s behind you) is becoming standard on top end vehicles, and building on this park assist uses cameras and sensors to actually park your car for you, leaving you to supervise! Given the number of minor accidents that happen when parking, this could be a big bonus for some drivers.
LDW (lane departure warning) is another cool piece of car safety tech, which uses cameras to detect the lines on the road in front of you and issues a warning when you drive outside of your lane, meaning less chance of side swiping someone on the highway…
There are two kinds of new braking technology that could be important in improving car safety. One of these is called DBS (dynamic braking support), and this gives more braking power when the driver presses the brake if an object is detected in front of the car. The second is called CIB (crash imminent braking), and this requires no driver input at all, when an object is detected the vehicle brakes automatically.
And we’re still not done! There are tons of new developments in car safety technology. Audi, for example, have perfected Matrix LED headlights which react to other light sources and dim and brighten accordingly. This stops other drivers being blinded by your headlights. All of these developments have the ability to increase car safety, and potentially to lower your insurance premiums.
Wait, How Can Car Safety Tech Lower My Premiums?
You might not realise it, but car safety technology is already probably lowering your car insurance premiums. When car insurance companies look at the model of car you drive they’re already counting in the fact that the model has air bags or a backup camera, for example, and lowering their quotes to reflect this, since the car will be safer. You might not drive the safest car in the world, but insurance companies know just how safe certain models are.
As for future technology, or new car safety technology as we discussed above, there are two potential outcomes here. The first is that insurance companies will begin to offer discounts if you have a certain kind of technology fitted into your car. In some cases this is already done, since some car insurance companies offer lower rates for some kinds of technology. The second outcome is probably the most likely to effect you, however.
Because car safety technology will make your vehicle safer (obviously!), you will be less likely to get into an accident. If you get into less accidents you have a cleaner driving record and therefore your insurance premiums drop. Safe car drivers get cheap car insurance, and if you want the cheapest car insurance you’re going to need to stay out of trouble, which is where all that technology comes into play.
As cars become safer, and car safety technology makes driving less risky, then car insurance premiums will go down. Simple, right?
But Am I Really Safer?
If you doubt that all this car safety tech can really keep you safer, then the numbers speak for themselves. The American Insurance Institute for Highway Safety has run several experiments to find out how much safer cars can be with certain kinds of tech. The addition of a crash avoidance system, for example, was found to result in 14% to 16% fewer accident claims for cars with the system versus the same model without the system. In fact, the Institute estimates that one in three fatal crashes could be avoided if crash avoidance systems became standard.
These numbers are very impressive, and show that this kind of technology isn’t just a matter of cool gadgets, but that car safety really can be improved.
The Bottom Line for Car Safety Tech
Technology is improving our lives everywhere, and our driving is no exception. From apps that file accident reports for you to systems that park your car for you, our vehicles are becoming more and more complex. Technology has the ability to improve car safety, and that’s good news for everyone (though just because you’ve got a safe car doesn’t mean that you still don’t need to drive safely!). And one of the nice side effects of all this cool new tech is that potentially our car insurance premiums could become a lot more affordable!
Main Subject: car safety
Other Interesting Posts
How to Pay Traffic Fines
Have you received a notice that you have traffic fines to pay? Do you plan ...read more
Top 10 Crazy Top Gear Stunts
Top Gear presenters, the Stig, James May, Richard Hammond and Jeremy Clarkson have a lot ...read more