Surprising for many is the fact that sometimes car insurance rates can actually go down. In fact, there are lots of exciting things happening that pose to save drivers lots of money. New technology that is already in the marketplace is saving money and lives already. Below are 3 new technologies that will keep more people safe on the road and reduce the cost of car insurance.
1. Electronic stability control (ESC). ESC systems use computer-controlled braking systems that help the driver maintain control of a vehicle that is beginning to lose control. In 2007, the National Highway Traffic Safety Administration began requiring all manufacturers to install ESC in all passenger cars, SUVs, vans, and pickup trucks. According to a study done by NHTSA, more than 2,200 lives were saved from 2008-2010 due to the installation of ESC. When more people are safe on the road, car insurance premiums tend to decrease.
2. Driver-less car technology. Google is leading the charge in developing cars that drive themselves. In fact, the Nevada DMV issued the first license for a self-driven vehicle in May 2012. While many do not want their car to drive them to work, the technology being developed will do amazing things to keep accidents to a minimum. Basically the car will know before you do that you are about to hit something and will react for you. Less accidents means less of a car insurance premium.
3. Attention control system. Driver fatigue causes thousands of crashes every year. Volkswagen has a new technology to combat this. A camera in the car monitors your blinking and if it detects a shortage of blinks, it assumes the driver is asleep. An alarm will sound that will alert the driver that is time to either pull over or switch drivers. Again, more safety means less accidents, which results in car insurance that is more affordable.
I would love to see a technology that would not allow a drunk driver to even start the car. That would also save thousands of lives. I’m sure this technology would be easy to develop if it hasn’t been developed already. Technology is improving every aspect of our lives. It’s even saving the lives of thousands. As better safety technology is developed, less accidents will occur on the road.
The safer everyone is on the road, the less we will have to shell out for car insurance. Car insurance companies will no longer have to spend millions of dollars on claims and we’ll all benefit!