Advanced Safety Features Can Drop Car Insurance Premiums by 10% — But They Make Repairs Much More Expensive
Today’s cars come chock-full of advanced driver-assistance systems that help drivers avoid collisions and accidents. These systems have helped make modern cars safer than ever, but on the financial side have produced a mixed bag of savings and costs for drivers. Car insurance rates are where drivers can see the most difference, depending on how much onboard tech is available.
A study by the Highway Loss Data Institute and the Insurance Institute for Highway Safety supported that trend, finding that lane-departure warning systems reduced single-vehicle, sideswipe, and head-on crashes by 11% and injury crashes of the same types by 21%. Blindspot detection systems reduced lane-change crashes by 14% and backup cameras cut down on backing crashes by 17%.
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