Car Safety Features May Not Lower Insurance Rates - BodyShop Business

Car Safety Features May Not Lower Insurance Rates

While modern vehicles are safer than ever before thanks to crash avoidance technology, insurance experts are saying drivers will not see a decrease in insurance rates anytime soon, the Associated Press reports.

Although features such as backup cameras and automatic braking can help drivers avoid crashes, vehicles with these technologies in place are more expensive to repair when they do crash, according to Kim Hazelbaker, senior vice president of the Insurance Institute for Highway Safety in Arlington, Va. He also says that many consumers end up turning off safety features because of annoying and false alarms.

“Consumers tell us that there are a lot of false positives,” he said. “This stuff doesn’t always work.”

And while cars are clearly becoming safer – the National Highway Traffic Safety Administration says that passenger car and truck accident fatalities have dropped from 32,300 in 2003 to 21,700 in 2012 – auto insurance won’t become entirely obsolete.

“We don’t see that accidents are just going to go away,” said Chris Hayes, vice president of transportation risk control at Travelers Companies Inc., which recently hosted an auto safety symposium in Connecticut. “Technology is great. It’s going to keep making us safer. But the human element is always going to be a part of the vehicle.”


More information:

Read the original story

You May Also Like

Top 5 Stories of the Week

A recap of the top five stories on bodyshopbusiness.com during the week of April 8.

Crash Champions Acquires Oregon MSO Premier Auto Body

Crash Champions has acquired Oregon-based Premier Auto Body and its three locations. 

Read more here.

ADAS Calibrations: Lessons Learned

When navigating the complexity and challenges of ADAS, apply the lessons you’ve learned … and be open to learning more.

TPG Agrees to Acquire Classic Collision

TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital.

Survey: Independent Repair Shops View Vehicle Data Access as Top Issue

Auto Care Association survey shows 84% of independent repair shops view vehicle repair and maintenance data access as the top issue for their business.

Chicagoland CARSTAR Continues Support of Lincoln Tech

Chicagoland CARSTAR sponsored an educational booth at the Lincoln Tech Spring Career Fair for the ninth consecutive year.

CCC Launches New Intelligent Experience (IX) Cloud Platform

CCC IX Cloud will help customers focus on the claims, repair decisions and actions that will have the greatest impact on their business. 

Other Posts

Evercoat to Hold Free Webinar on Gel Coat Repairs

“Troubleshooting Gelcoat Repairs” will take place on April 11, 2024 at 2 p.m.

CIECA to Hold Webinar on New API Standards

The webinar will be held on Thursday, April 25 at 2 p.m. EST.

I-CAR CEO & President Announces Retirement

John Van Alstyne plans to retire in 2025 after a successful 15-year tenure.

Crash Champions Acquires Buddy Foster Collision, Expands Tampa Market

Crash Champions has announced the expansion of its Tampa service with the acquisition of Buddy Foster Collision and Towing in Zephyrhills, Fla.