Vehicles now come equipped with cameras, automatic braking and other technologies, but that doesn't mean drivers will see an associated reduction in their auto insurance bills anytime soon.
At an auto safety symposium hosted by the Travelers Cos., Kim Hazelbaker, senior vice president of the Insurance Institute for Highway Safety in Arlington, Va., said the effects of new safety technologies on auto insurance rates have yet to be realized.
Safety features, such as crash avoidance systems, avert acidents and injuries, but that technology is more expensive to repair if an accident occurs, he says.
The Institute, a nonprofit and industry-funded research orgnaization, found that some models of Volvo, Mercedes-Benz and Honda with crash avoidance technology had 14% to 16% fewer accident insurance claims, compared with the same models without the technology.
For more on the symposium, read the full story at The Washington Times.
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