Vehicles now come equipped with cameras, automatic braking andother technologies, but that doesn't mean drivers will see anassociated reduction in their auto insurance bills anytimesoon.
|At an auto safety symposium hosted by the Travelers Cos., KimHazelbaker, senior vice president of the Insurance Institute forHighway Safety in Arlington, Va., said the effects of new safetytechnologies on auto insurance rates have yet to be realized.
|Safety features, such as crash avoidance systems, avert acidentsand injuries, but that technology is more expensive to repair if anaccident occurs, he says.
|The Institute, a nonprofit and industry-funded researchorgnaization, found that some models of Volvo, Mercedes-Benz andHonda with crash avoidance technology had 14% to 16% fewer accidentinsurance claims, compared with the same models without thetechnology.
|For more on the symposium, read the full story at The WashingtonTimes.
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